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Tj ET Q q 0 0 0 rg BT 82.68 586.10 Td (Y) Tj ET Q q 0 0 0 rg BT 88.90 586.10 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 102.23 583.94 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.83 586.10 Td (No) Tj ET Q /GS0 gs q 8.91 0 0 10.09 140.05 583.94 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of RegulationS-K is not contained herein, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (will not be contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 234.12 550.10 Td (s knowledge, in definitive proxy or information statements incorporated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (reference in Part III of this Form10-K or any amendment to this Form 10-K.) 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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.) 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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 124 522.0833984375 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.) 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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 124 333.0833984375 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.) 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upon market conditions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 244.10 Td (opportunities; and) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 27.00 0 0 10.09 84.35 223.94 cm /I26 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 226.10 Td (BankMobile's ability to successfully implement its growth strategy and control expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.70 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 199.70 Td (ou are cautioned not to place undue reliance on any forward-looking statements we make, which speak only as of the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.70 Td (they are made. ) Tj ET Q q 0 0 0 rg BT 110.90 187.70 Td (W) Tj ET Q q 0 0 0 rg BT 119.54 187.70 Td (e do not undertake any obligation to release publicly or otherwise provide any revisions to any forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.70 Td (looking statements we may make, including any forward-looking financial information, to reflect events or circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.70 Td (occurring after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.70 Td (law) Tj ET Q q 0 0 0 rg BT 63.79 151.70 Td (.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 76.49 742.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 164.19 742.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.97 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 724.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 724.25 Td ( I) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 717.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 705.05 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 86.00 705.05 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 687.05 Td (Customers Bancorp, Inc. \(the Bancorp or Customers Bancorp\) is a bank holding company engaged in banking activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.05 Td (through its wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 195.45 675.05 Td (, Customers Bank \(Customers Bank or the Bank\), collectively referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.05 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 50.00 651.05 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 651.05 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 187.85 651.05 Td (V) Tj ET Q q 0 0 0 rg BT 193.96 651.05 Td (entures Pte Ltd. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 633.05 Td (On March 7, 2017, Customers entered into a Purchase and ) Tj ET Q q 0 0 0 rg BT 285.50 633.05 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 335.79 633.05 Td (Agreement \(the Purchase ) Tj ET Q q 0 0 0 rg BT 443.25 633.05 Td (Agreement\) with Flagship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.05 Td (Community Bank \(Flagship Bank\). Subject to the terms and conditions of the Purchase ) Tj ET Q q 0 0 0 rg BT 411.89 621.05 Td (Agreement, Customers will sell to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.05 Td (Flagship the assets, and Flagship will assume from Customers the liabilities, of the BankMobile division of Customers Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.05 Td (In fourth quarter 2016, Customers announced its intent to sell BankMobile and, as a result, BankMobile has been classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.05 Td (held for sale on the consolidated balance sheets at December 31, 2016 and 2015 and BankMobile) Tj ET Q q 0 0 0 rg BT 450.98 579.05 Td (s operating results have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.05 Td (been presented as discontinued operations in the consolidated financial statements included in this ) Tj ET Q q 0 0 0 rg BT 444.62 567.05 Td (Annual Report on Form 10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.05 Td (K. ) Tj ET Q q 0 0 0 rg BT 64.17 555.05 Td (Although Customers currently anticipates that the sale of BankMobile to Flagship Bank will be completed in 2017, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.05 Td (information included herein regarding BankMobile) Tj ET Q q 0 0 0 rg BT 257.72 543.05 Td (s business, operations, strategy) Tj ET Q q 0 0 0 rg BT 380.66 543.05 Td (, and risk factors is included in this ) Tj ET Q q 0 0 0 rg BT 522.59 543.05 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.05 Td (Report on Form 10-K to provide disclosure regarding Customers) Tj ET Q q 0 0 0 rg BT 311.99 531.05 Td ( ownership and operation of BankMobile to date and through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.05 Td (the completion of the sale of BankMobile to Flagship Bank or another sale or disposition of BankMobile if the sale to Flagship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.05 Td (Bank is not completed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.05 Td (For a description of certain risks relating to the proposed sale of BankMobile to Flagship Bank, please see Risk Factors - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.05 Td (Risks Related to the Proposed Sale of BankMobile.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 447.05 Td (Business Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.05 Td (Customers Bancorp, through its wholly owned subsidiary Customers Bank, provides financial products and services to small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.05 Td (and middle market businesses, not-for) Tj ET Q q 0 0 0 rg BT 202.27 417.05 Td (-profits, and consumers through its branches and of) Tj ET Q q 0 0 0 rg BT 407.59 417.05 Td (fices in Southeastern Pennsylvania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.05 Td (\(Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 141.81 405.05 Td (, Delaware and Philadelphia Counties\), R) Tj ET Q q 0 0 0 rg BT 307.20 405.05 Td (ye Brook, Melville and New ) Tj ET Q q 0 0 0 rg BT 423.47 405.05 Td (Y) Tj ET Q q 0 0 0 rg BT 429.69 405.05 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 469.03 405.05 Td (Y) Tj ET Q q 0 0 0 rg BT 475.25 405.05 Td (ork \(W) Tj ET Q q 0 0 0 rg BT 503.05 405.05 Td (estchester) Tj ET Q q 0 0 0 rg BT 542.07 405.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (Suf) Tj ET Q q 0 0 0 rg BT 63.71 393.05 Td (folk and New ) Tj ET Q q 0 0 0 rg BT 120.27 393.05 Td (Y) Tj ET Q q 0 0 0 rg BT 126.49 393.05 Td (ork Counties\), Hamilton, New Jersey \(Mercer County\), Providence, Rhode Island \(Providence County\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.05 Td (Portsmouth, New Hampshire \(Rockingham County\) and Boston, Massachusetts \(Suf) Tj ET Q q 0 0 0 rg BT 388.68 381.05 Td (folk County\). Customers Bank also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.05 Td (provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking companies. ) Tj ET Q q 0 0 0 rg BT 533.23 369.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 357.05 Td (, Customers had total assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 357.05 Td ($9.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 357.05 Td (, including loans, net of the allowance for loan losses \(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.05 Td (held-for) Tj ET Q q 0 0 0 rg BT 82.01 345.05 Td (-sale loans\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.15 345.05 Td ($8.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.27 345.05 Td (, total deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 345.05 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.76 345.05 Td (, and shareholders) Tj ET Q q 0 0 0 rg BT 379.82 345.05 Td ( equity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 345.05 Td ($0.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.76 345.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (Customers' strategic plan is to become a leading regional bank holding company through or) Tj ET Q q 0 0 0 rg BT 416.25 321.05 Td (ganic growth and value-added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.05 Td (acquisitions. Customers dif) Tj ET Q q 0 0 0 rg BT 158.98 309.05 Td (ferentiates itself from its competitors through its focus on exceptional customer service supported by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (state of the art technology) Tj ET Q q 0 0 0 rg BT 153.20 297.05 Td (. ) Tj ET Q q 0 0 0 rg BT 158.02 297.05 Td (The primary customers of Customers Bank are privately held businesses, business customers, not-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (for) Tj ET Q q 0 0 0 rg BT 61.46 285.05 Td (-profit or) Tj ET Q q 0 0 0 rg BT 97.66 285.05 Td (ganizations, and consumers. 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 50.00 273.05 Td (multi-family/commercial real estate lending and lending to commercial mortgage banking businesses. ) Tj ET Q q 0 0 0 rg BT 459.70 273.05 Td (The Bank) Tj ET Q q 0 0 0 rg BT 501.63 273.05 Td (s lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.05 Td (activities are funded in part by deposits from its branch model, which seeks higher deposit levels per branch than a typical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (bank, combined with lower branch operating expenses, without sacrificing exceptional customer service. Customers also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.05 Td (creates franchise value through its disciplined approach to acquisitions, both in terms of identifying tar) Tj ET Q q 0 0 0 rg BT 460.54 237.05 Td (gets and structuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (transactions. Enterprise risk management is an important part of the strategies Customers employs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.05 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 50.00 189.05 Td (demanded by the millennial generation and the low cost of the smart phone delivery channel. BankMobile refers to Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.05 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 177.05 Td (forts to build a full service bank that is accessible to our customers anywhere and anytime through the customer's smartphone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.05 Td (or other web-enabled device. ) Tj ET Q q 0 0 0 rg BT 168.00 165.05 Td (As part of the BankMobile strategic initiative, on June 15, 2016, Customers completed the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.05 Td (acquisition of substantially all the assets and the assumption of certain liabilities of theOneAccount Student Checking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.05 Td (Refund Management Disbursement Services business \(the "Disbursement business"\) from Higher One Holdings, Inc. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.05 Td (Higher One, Inc. \(together) Tj ET Q q 0 0 0 rg BT 155.39 129.05 Td (, "Higher One"\). Higher One was acquired by a subsidiary of Blackboard, Inc. in third quarter 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.05 Td (and we continue to refer to that combined business as Higher One throughout this document. BankMobile, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.05 Td (Disbursement business, provides a nationwide deposit-aggregation platform. BankMobile focuses on the aggregation of low-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.05 Td (cost deposits and currently of) Tj ET Q q 0 0 0 rg BT 167.57 93.05 Td (fers no fee banking, lines of credits to qualified customers, no overdraft fees, higher than average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.05 Td (interest rate on savings, and access to 55,000 ) Tj ET Q q 0 0 0 rg BT 231.62 81.05 Td (A) Tj ET Q q 0 0 0 rg BT 237.73 81.05 Td (TMs \(and if the customer makes a monthly direct deposit into their BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.05 Td (account over 400,000 ) Tj ET Q q 0 0 0 rg BT 138.31 69.05 Td (A) Tj ET Q q 0 0 0 rg BT 144.42 69.05 Td (TMs\) across the U.S. Customers believed that consolidating BankMobile with the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.05 Td (business would uniquely position it 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 45.05 Td (needs throughout their life. BankMobile's revenues are lar) Tj ET Q q 0 0 0 rg BT 282.10 45.05 Td (gely derived from interchange char) Tj ET Q q 0 0 0 rg BT 422.41 45.05 Td (ges paid by the product selling ) 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (vendor and user based fees for specific activities \(such as lost card replacement\). It is BankMobile's strategy to disrupt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (traditional banks' retail branch customer service delivery model and become the bank of choice for life of college students and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (middle income and under) Tj ET Q q 0 0 0 rg BT 151.71 718.10 Td (-banked ) Tj ET Q q 0 0 0 rg BT 185.87 718.10 Td (Americans using its low-cost digital delivery platform and superior deposit products, serve as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (a white label deposit service customer to lar) Tj ET Q q 0 0 0 rg BT 225.59 706.10 Td (ge companies, and disrupt payday lenders and high cost check lenders by making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (low cost quality banking services available to key under) Tj ET Q q 0 0 0 rg BT 274.18 694.10 Td (-banked markets. BankMobile has obtained and is applying for patents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and copyrights to protect key elements of its products and delivery methods. ) Tj ET Q q 0 0 0 rg BT 360.30 682.10 Td (This intellectual property will allow BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (to continue to dif) Tj ET Q q 0 0 0 rg BT 118.42 670.10 Td (ferentiate its business from potential competitors. In fourth quarter 2016, Customers announced its intent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (sell BankMobile and anticipates the sale to close in 2017. ) Tj ET Q q 0 0 0 rg BT 284.39 658.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 333.73 658.10 Td (, BankMobile has been classified as "held for sale" on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the consolidated balance sheets at December 31, 2016 and 2015 and BankMobile's operating results have been presented as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (discontinued operations in the accompanying consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 598.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 598.10 Td (, Jay Sidhu, who joined Customers in June 2009. Mr) Tj ET Q q 0 0 0 rg BT 290.23 598.10 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 50.00 586.10 Td (years as the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 176.71 586.10 Td (ficer and Chairman of Sovereign Bancorp. In addition to Mr) Tj ET Q q 0 0 0 rg BT 419.71 586.10 Td (.Sidhu, a number of the members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (of the current management team have experience working together at Sovereign with Mr) Tj ET Q q 0 0 0 rg BT 404.87 574.10 Td (.Sidhu. Many other team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (who have joined Customers' management team have significant experience helping build and lead other banking or) Tj ET Q q 0 0 0 rg BT 510.64 562.10 Td (ganizations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Combined, the Customers management team has significant experience in building a banking or) Tj ET Q q 0 0 0 rg BT 434.44 550.10 Td (ganization, completing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (integrating mer) Tj ET Q q 0 0 0 rg BT 111.19 538.10 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 50.00 508.10 Td (Backgr) Tj ET Q q 0 0 0 rg BT 80.93 508.10 Td (ound and History) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Customers Bancorp was incorporated in Pennsylvania in ) Tj ET Q q 0 0 0 rg BT 278.57 490.10 Td (April 2010 to facilitate a reor) Tj ET Q q 0 0 0 rg BT 395.29 490.10 Td (ganization into a bank holding company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (structure pursuant to which Customers Bank became a wholly owned subsidiary of Customers Bancorp \(the Reor) Tj ET Q q 0 0 0 rg BT 507.77 478.10 Td (ganization\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (on September17, 201) Tj ET Q q 0 0 0 rg BT 137.39 466.10 Td (1. Pursuant to the Reor) Tj ET Q q 0 0 0 rg BT 229.15 466.10 Td (ganization, all of the issued and outstanding shares of ) Tj ET Q q 0 0 0 rg BT 445.58 466.10 Td (V) Tj ET Q q 0 0 0 rg BT 451.51 466.10 Td (oting Common Stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Class B Non-V) Tj ET Q q 0 0 0 rg BT 109.82 454.10 Td (oting Common Stock of Customers Bank were exchanged on a one-for) Tj ET Q q 0 0 0 rg BT 393.45 454.10 Td (-three basis for shares of ) Tj ET Q q 0 0 0 rg BT 494.07 454.10 Td (V) Tj ET Q q 0 0 0 rg BT 500.00 454.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Stock and Class B Non-V) Tj ET Q q 0 0 0 rg BT 152.04 442.10 Td (oting Common Stock, respectively) Tj ET Q q 0 0 0 rg BT 290.26 442.10 Td (, of Customers Bancorp. Customers Bancorp) Tj ET Q q 0 0 0 rg BT 474.68 442.10 Td (s corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (headquarters are located at 1015 Penn ) Tj ET Q q 0 0 0 rg BT 203.83 430.10 Td (A) Tj ET Q q 0 0 0 rg BT 210.31 430.10 Td (venue, ) Tj ET Q q 0 0 0 rg BT 239.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.84 430.10 Td (yomissing, Pennsylvania 19610. ) Tj ET Q q 0 0 0 rg BT 382.10 430.10 Td (The main telephone number is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (\(610\)933-2000.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 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 50.00 382.10 Td (Insurance Corporation. Customers Bank) Tj ET Q q 0 0 0 rg BT 213.86 382.10 Td (s home of) Tj ET Q q 0 0 0 rg BT 253.12 382.10 Td (fice is located at 99 Bridge Street, Phoenixville, Pennsylvania 19460. ) Tj ET Q q 0 0 0 rg BT 535.10 382.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (main telephone number is \(610\)933-2000. BankMobile is a division of Customers Bank, first marketing its deposit products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (beginning in January 2015. ) Tj ET Q q 0 0 0 rg BT 163.32 358.10 Td (As a division of Customers Bank, BankMobile's deposits are also insured by the Federal Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Insurance Corporation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Executive Summary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Customers' Markets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (Market Criteria) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Customers looks to grow or) Tj ET Q q 0 0 0 rg BT 160.93 262.10 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 50.00 250.10 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 50.00 238.10 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 50.00 226.10 Td (following:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 218.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 206.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 206.90 Td (Population density;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 188.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 188.90 Td (Concentration of business activity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 170.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 170.90 Td (Attractive deposit bases;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 152.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 152.90 Td (Significant market share held by lar) Tj ET Q q 0 0 0 rg BT 228.43 152.90 Td (ge banks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 134.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 134.90 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 67.60 116.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 116.90 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 98.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 98.90 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 80.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 80.90 Td (Management experience in the applicable markets.) 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 50.00 742.10 Td (BankMobile products are delivered to customers nationwide, via its digital delivery channels, such as a smartphone or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (web-enable device. ) Tj ET Q q 0 0 0 rg BT 132.00 730.10 Td (The BankMobile business is currently focused on millennials, now the lar) Tj ET Q q 0 0 0 rg BT 427.04 730.10 Td (gest generation in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (States, developing white label relationships with lar) Tj ET Q q 0 0 0 rg BT 256.72 718.10 Td (ge companies that wish to expand their relationships with their retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (customers and employees, and the under) Tj ET Q q 0 0 0 rg BT 211.97 706.10 Td (-banked who can utilize a low cost banking services provider) Tj ET Q q 0 0 0 rg BT 456.06 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.01 706.10 Td (As a general retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (deposit product and related services provider) Tj ET Q q 0 0 0 rg BT 229.26 694.10 Td (, the BankMobile segment does not have a dependency on a particular customer) Tj ET Q q 0 0 0 rg BT 548.48 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (but is focused on providing deposit services to college students who receive federal government loans or grants. BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (currently provides deposit products and services to students on nearly 800 college and university campuses. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Current Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Customers' tar) Tj ET Q q 0 0 0 rg BT 107.45 622.10 Td (get market is broadly defined as extending from the greater ) Tj ET Q q 0 0 0 rg BT 346.62 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 355.26 622.10 Td (ashington, D.C. area to Boston, Massachusetts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (roughly following Interstate 95. ) Tj ET Q q 0 0 0 rg BT 181.65 610.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.09 610.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.67 610.10 Td (, Customers had bank branches or limited purpose of) Tj ET Q q 0 0 0 rg BT 495.83 610.10 Td (fices \(LPOs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in the following locations:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 577.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 554.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 554.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 554.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 554.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 524.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 524.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 524.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 494.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 494.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 494.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 494.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 464.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 464.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 464.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 434.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 434.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 434.20 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 428.5 554.2 m 493.5 554.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 554.2 m 562.5 554.2 l s BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 556.4333984375 m 81.876953125 556.4333984375 l s q 0 0 0 rg BT 53.00 557.77 Td (Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.85 557.77 Td (Offices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.55 557.77 Td (Type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 544.77 Td (Berks County, PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 543.87 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 543.87 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.77 Td (New Haven, CT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 528.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 528.87 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.77 Td (Boston, Massachusetts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 513.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 513.87 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.77 Td (Mercer County, NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 498.87 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 498.87 Td (Branch/LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.77 Td (New York, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 483.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 483.87 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.77 Td (Philadelphia-Southeastern PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 468.87 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 468.87 Td (Branch/LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.77 Td (Portsmouth, NH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 453.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 453.87 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.77 Td (Providence, RI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 438.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 438.87 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.77 Td (Suffolk County, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 423.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 423.87 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.77 Td (Westchester County, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 408.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 408.87 Td (Branch/LPO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.70 Td (Customers believes its tar) Tj ET Q q 0 0 0 rg BT 152.86 392.70 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 50.00 380.70 Td (with its objectives and favorable to executing its or) Tj ET Q q 0 0 0 rg BT 254.21 380.70 Td (ganic growth and acquisition strategies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.70 Td (The BankMobile suite of deposit products and services is provided nationally through digital delivery channels, such as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.70 Td (smartphone or other web-enabled device. ) Tj ET Q q 0 0 0 rg BT 217.53 344.70 Td (The BankMobile deposit products and services are available nationwide throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.70 Td (the United States. Customers believes that digital delivery without geographic limitations is the future of banking. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 302.70 Td (Prospective Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.70 Td (The or) Tj ET Q q 0 0 0 rg BT 76.20 284.70 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 50.00 272.70 Td (generating deposits, loan and fee based services through its Concier) Tj ET Q q 0 0 0 rg BT 320.85 272.70 Td (ge Banking high-touch personalized service supported by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.70 Td (state of the art technology for the Bank) Tj ET Q q 0 0 0 rg BT 209.12 260.70 Td (s commercial, consumer) Tj ET Q q 0 0 0 rg BT 306.18 260.70 Td (, not-for) Tj ET Q q 0 0 0 rg BT 338.75 260.70 Td (-profit, and specialized lending markets. ) Tj ET Q q 0 0 0 rg BT 502.12 260.70 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.70 Td (Customers has not acquired any banks since 201) Tj ET Q q 0 0 0 rg BT 243.75 248.70 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 50.00 236.70 Td (community banks in Pennsylvania, New Jersey) Tj ET Q q 0 0 0 rg BT 238.21 236.70 Td (, New ) Tj ET Q q 0 0 0 rg BT 264.22 236.70 Td (Y) Tj ET Q q 0 0 0 rg BT 270.44 236.70 Td (ork, Maryland, ) Tj ET Q q 0 0 0 rg BT 332.47 236.70 Td (V) Tj ET Q q 0 0 0 rg BT 339.09 236.70 Td (ir) Tj ET Q q 0 0 0 rg BT 345.01 236.70 Td (ginia and New England, where such acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.70 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 50.00 212.70 Td (contribute banking business. ) Tj ET Q q 0 0 0 rg BT 166.10 212.70 Td (As Customers evaluates potential acquisition and asset purchase opportunities, it believes there are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.70 Td (many banking institutions that continue to face credit challenges, capital constraints and liquidity issues and that lack the scale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.70 Td (and management expertise to manage the increasing regulatory burden. ) Tj ET Q q 0 0 0 rg BT 339.99 188.70 Td (The BankMobile suite of deposit products and services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.70 Td (is delivered through digital delivery channels, such as a smartphone or other web-enabled device across the United States. ) Tj ET Q q 0 0 0 rg BT 542.35 176.70 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.70 Td (such, the product does not have geographic limitations. Currently) Tj ET Q q 0 0 0 rg BT 313.46 164.70 Td (, BankMobile is focused on the market for deposits, but is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.70 Td (developing loan products and relationships with market place lenders that will facilitate competing in loan markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.70 Td (prospectively) Tj ET Q q 0 0 0 rg BT 103.22 140.70 Td (, either as a direct lender or referral to other lenders. ) 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 (Competitive Strengths) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 735.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 723.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 723.05 Td (Experienced and r) Tj ET Q q 0 0 0 rg BT 179.54 723.05 Td (espected management team.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 723.05 Td ( ) Tj ET Q q 0 0 0 rg BT 293.95 723.05 Td (An integral element of the business strategy of Customers is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 711.05 Td (capitalize on and leverage the prior experience of its executive management team. ) Tj ET Q q 0 0 0 rg BT 436.54 711.05 Td (The management team is led ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 699.05 Td (by Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 254.99 699.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 272.91 699.05 Td (, Jay Sidhu, who is the former Chief Executive Of) Tj ET Q q 0 0 0 rg BT 472.96 699.05 Td (ficer and Chairman of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 687.05 Td (Sovereign Bancorp. In addition to Mr) Tj ET Q q 0 0 0 rg BT 256.03 687.05 Td (.Sidhu, a number of the members of the current management team of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 675.05 Td (Customers have experience working together at Sovereign with Mr) Tj ET Q q 0 0 0 rg BT 374.31 675.05 Td (.Sidhu, including Richard Ehst, President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 663.05 Td (Chief Operating Of) Tj ET Q q 0 0 0 rg BT 183.62 663.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 201.54 663.05 Td (, as well as ) Tj ET Q q 0 0 0 rg BT 247.73 663.05 Td (W) Tj ET Q q 0 0 0 rg BT 256.37 663.05 Td (arren ) Tj ET Q q 0 0 0 rg BT 279.23 663.05 Td (T) Tj ET Q q 0 0 0 rg BT 284.64 663.05 Td (aylor) Tj ET Q q 0 0 0 rg BT 304.79 663.05 Td (, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 384.59 663.05 Td (ficer of BankMobile. During their tenure at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 651.05 Td (Sovereign, these individuals established a track record of producing strong financial results, integrating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 639.05 Td (acquisitions, managing risk, working with regulators and achieving or) Tj ET Q q 0 0 0 rg BT 385.81 639.05 Td (ganic growth and expense control. ) Tj ET Q q 0 0 0 rg BT 528.09 639.05 Td (T) Tj ET Q q 0 0 0 rg BT 533.50 639.05 Td (eam ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 627.05 Td (leaders ) Tj ET Q q 0 0 0 rg BT 136.68 627.05 Td (T) Tj ET Q q 0 0 0 rg BT 142.44 627.05 Td (imothy Romig, Regional Chief Lending Of) Tj ET Q q 0 0 0 rg BT 315.02 627.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 332.93 627.05 Td (, Steve Issa, New England Marketing President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 615.05 Td (Chief Lending Of) Tj ET Q q 0 0 0 rg BT 176.96 615.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 194.88 615.05 Td (, and Geor) Tj ET Q q 0 0 0 rg BT 236.63 615.05 Td (ge Maroulis, Head of Private and Commercial Banking - New ) Tj ET Q q 0 0 0 rg BT 487.02 615.05 Td (Y) Tj ET Q q 0 0 0 rg BT 493.24 615.05 Td (ork, head the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 603.05 Td (New Jersey and Pennsylvania, New England, and New ) Tj ET Q q 0 0 0 rg BT 327.84 603.05 Td (Y) Tj ET Q q 0 0 0 rg BT 334.06 603.05 Td (ork commercial lending areas, respectively) Tj ET Q q 0 0 0 rg BT 505.28 603.05 Td (, with 33, 40, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 591.05 Td (and 25 years of experience, respectively) Tj ET Q q 0 0 0 rg BT 265.88 591.05 Td (. Ken Keiser) Tj ET Q q 0 0 0 rg BT 318.24 591.05 Td (, Director of Multi-Family and Investment Commercial Real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 579.05 Td (Estate Lending, leads the commercial real estate and multi-family lending group and brings more than 40 years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 567.05 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 106.05 555.05 Td (residential lending group, which primarily includes commercial loans \(warehouse facilities\) to residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 543.05 Td (mortgage originators and, to a lesser extent, mortgage loans to individuals is led by Glenn Hedde, President of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 531.05 Td (W) Tj ET Q q 0 0 0 rg BT 114.69 531.05 Td (arehouse Lending who brings more than 25 years of experience in this sector) Tj ET Q q 0 0 0 rg BT 421.82 531.05 Td (. ) Tj ET Q q 0 0 0 rg BT 429.14 531.05 Td (This team has significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 519.05 Td (experience in successfully building a banking or) Tj ET Q q 0 0 0 rg BT 299.15 519.05 Td (ganization as well as existing valuable community and business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 507.05 Td (relationships in our core markets.) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 499.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 487.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 487.85 Td (Unique ) Tj ET Q q 0 0 0 rg BT 137.81 487.85 Td (Asset and Deposit Generation Strategies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.07 487.85 Td ( Customers focuses on local market lending combined with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 475.85 Td (relatively low-risk specialty lending segments. Local market asset generation provides various types of business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 463.85 Td (lending products and consumer lending products, such as mortgage loans and home equity loans. Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 451.85 Td (also established a multi-family and commercial real estate product line that is focused on the Mid-Atlantic region, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 439.85 Td (particularly New ) Tj ET Q q 0 0 0 rg BT 175.65 439.85 Td (Y) Tj ET Q q 0 0 0 rg BT 181.87 439.85 Td (ork City) Tj ET Q q 0 0 0 rg BT 214.28 439.85 Td (. ) Tj ET Q q 0 0 0 rg BT 221.60 439.85 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 106.05 427.85 Td (and to keep costs low) Tj ET Q q 0 0 0 rg BT 191.49 427.85 Td (. ) Tj ET Q q 0 0 0 rg BT 196.31 427.85 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 106.05 415.85 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 106.05 403.85 Td (commercial loans to mortgage originators, which is a national business where the Bank provides liquidity to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 391.85 Td (depository mortgage companies to fund their mortgage pipelines and meet other business needs. ) Tj ET Q q 0 0 0 rg BT 495.49 391.85 Td (Through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 379.85 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 88.05 355.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 355.85 Td (BankMobile Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.75 355.85 Td (. Customers launched BankMobile as a key strategic initiative in January 2015, recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 343.85 Td (the product delivery flexibility demanded by the millennial generation and the low cost of the smartphone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 331.85 Td (delivery channel. BankMobile refers to Customers' ef) Tj ET Q q 0 0 0 rg BT 322.61 331.85 Td (forts to build a full service bank that is accessible to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 319.85 Td (customers anywhere and anytime through the customer's smartphone or other web-enabled device. BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 307.85 Td (provides a nationwide deposit-aggregation platform. BankMobile focuses on the aggregation of low-cost deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 295.85 Td (and currently of) Tj ET Q q 0 0 0 rg BT 169.73 295.85 Td (fers no fee banking, lines of credits to qualified customers, no overdraft fees, higher than average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 283.85 Td (interest rate on savings, and access to 55,000 ) Tj ET Q q 0 0 0 rg BT 287.67 283.85 Td (A) Tj ET Q q 0 0 0 rg BT 293.78 283.85 Td (TMs \(and if the customer makes a monthly direct deposit over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 271.85 Td (400,000 ) Tj ET Q q 0 0 0 rg BT 140.50 271.85 Td (A) Tj ET Q q 0 0 0 rg BT 146.61 271.85 Td (TMs\) across the U.S. Customers believed that consolidating BankMobile with the acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 259.85 Td (Disbursement business uniquely positioned Customers to become the graduating students "bank for life" and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 247.85 Td (service each graduate's financial needs throughout their life. Successful execution of the BankMobile strategy) Tj ET Q q 0 0 0 rg BT 546.77 247.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 235.85 Td (including its consolidation with the Disbursement business, greatly accelerated BankMobile's ability to achieve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 223.85 Td (profitability) Tj ET Q q 0 0 0 rg BT 153.17 223.85 Td (. BankMobile's revenues are lar) Tj ET Q q 0 0 0 rg BT 281.97 223.85 Td (gely derived from interchange char) Tj ET Q q 0 0 0 rg BT 422.28 223.85 Td (ges paid by the product selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 211.85 Td (vendor and user based fees for specific activities \(such as lost card replacement\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 187.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 187.85 Td (Unique pr) Tj ET Q q 0 0 0 rg BT 146.51 187.85 Td (oduct experience. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.03 187.85 Td (As a digital bank, BankMobile provides a unique experience to a banking customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 175.85 Td (in delivering a full banking experience through a smartphone or other web-enabled device. ) Tj ET Q q 0 0 0 rg BT 473.79 175.85 Td (This alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 163.85 Td (delivery channel, available nationwide, provides Customers with access to a customer base today with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 151.85 Td (opportunity to develop life long profitable banking relationships with a lar) Tj ET Q q 0 0 0 rg BT 403.03 151.85 Td (ge population segment of what ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 139.85 Td (reasonably is expected to be the higher income segment of the millennial generation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 121.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 121.85 Td (Attractive low cr) Tj ET Q q 0 0 0 rg BT 172.89 121.85 Td (edit risk pr) Tj ET Q q 0 0 0 rg BT 216.40 121.85 Td (ofile.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.68 121.85 Td ( Customers has sought to maintain high asset quality and moderate credit risk by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 109.85 Td (using conservative underwriting standards and early identification of potential problem assets. Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 97.85 Td (also formed a special assets department to manage classified and non-performing assets. ) Tj ET Q q 0 0 0 rg BT 463.72 97.85 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.16 97.85 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 85.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.05 85.85 Td (, only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.33 85.85 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.22 85.85 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.05 85.85 Td (0.22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.88 85.85 Td (, of the Bank's total loan portfolio was non performing. ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 742.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 742.10 Td (Superior Community Banking Model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.03 742.10 Td ( Customers expects to drive or) Tj ET Q q 0 0 0 rg BT 377.77 742.10 Td (ganic growth by employing its Concier) Tj ET Q q 0 0 0 rg BT 533.95 742.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 730.10 Td (Banking strategy) Tj ET Q q 0 0 0 rg BT 181.04 730.10 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 106.05 718.10 Td (an appointment banking approach available 12 hours a day) Tj ET Q q 0 0 0 rg BT 340.88 718.10 Td (, seven days a week. ) Tj ET Q q 0 0 0 rg BT 424.83 718.10 Td (This allows Customers to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 706.10 Td (services in a personalized, convenient and expeditious manner) Tj ET Q q 0 0 0 rg BT 354.85 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.67 706.10 Td (This approach, coupled with superior technology) Tj ET Q q 0 0 0 rg BT 555.08 706.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 694.10 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 106.05 682.10 Td (digital bank, BankMobile, results in a competitive advantage over lar) Tj ET Q q 0 0 0 rg BT 382.73 682.10 Td (ger institutions, which management believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 670.10 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 477.99 670.10 Td (The high-tech, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 658.10 Td (high-touch, model requires less staf) Tj ET Q q 0 0 0 rg BT 252.77 658.10 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 106.05 646.10 Td (operating costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 628.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 628.10 Td (Acquisition Expertise.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.37 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.68 628.10 Td (The depth of Customers' management team and their experience working together and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 616.10 Td (successfully completing acquisitions provides unique insight in identifying and analyzing potential markets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 604.10 Td (acquisition tar) Tj ET Q q 0 0 0 rg BT 162.80 604.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 183.73 604.10 Td (The experience of Customers' team, which includes the acquisition and integration of over 35 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 592.10 Td (institutions, as well as numerous asset and branch acquisitions, provides a substantial advantage in pursuing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 580.10 Td (consummating future acquisitions. ) Tj ET Q q 0 0 0 rg BT 246.03 580.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 295.93 580.10 Td (, management believes Customers' strengths in structuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 568.10 Td (transactions to limit its risk, its experience in the financial reporting and regulatory process related to troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 556.10 Td (bank acquisitions, and its ongoing risk management expertise, particularly in problem loan workouts, collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 544.10 Td (enable it to capitalize on the potential of the franchises it acquires. ) Tj ET Q q 0 0 0 rg BT 373.27 544.10 Td (W) Tj ET Q q 0 0 0 rg BT 382.30 544.10 Td (ith Customers' depth of operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 532.10 Td (experience in connection with completing mer) Tj ET Q q 0 0 0 rg BT 291.64 532.10 Td (ger and acquisition transactions, it expects to be able to integrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 520.10 Td (and reposition acquired franchises cost-ef) Tj ET Q q 0 0 0 rg BT 272.47 520.10 Td (ficiently with a minimum disruption to customer relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Customers believes its ability to operate ef) Tj ET Q q 0 0 0 rg BT 220.33 496.10 Td (ficiently is enhanced by its centralized risk management structure, its access to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (attractive labor and real estate costs in its markets, and an infrastructure that is unencumbered by legacy systems. Furthermore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Customers anticipates additional expense syner) Tj ET Q q 0 0 0 rg BT 239.21 472.10 Td (gies from the integration of its acquisitions, which it believes will enhance its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (financial performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Customers has historically operated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.79 406.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.23 406.10 Td ( business segment, "Community Banking." However) Tj ET Q q 0 0 0 rg BT 448.53 406.10 Td (, beginning in third quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (2016, Customers revised its segment financial reporting to reflect the manner in which its chief operating decision makers \(our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 127.57 382.10 Td (ficer and Board of Directors\) have begun allocating resources and assessing performance subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Customers' acquisition of the Disbursement business from Higher One and the combination of that business with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (BankMobile technology platform late in second quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Management has determined that Customers' operations consist of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.85 340.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 340.10 Td ( reportable segments - Community Business Banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (and BankMobile. Each segment generates revenues, manages risk, and of) Tj ET Q q 0 0 0 rg BT 346.11 328.10 Td (fers distinct products and services to tar) Tj ET Q q 0 0 0 rg BT 504.77 328.10 Td (geted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (customers through dif) Tj ET Q q 0 0 0 rg BT 137.58 316.10 Td (ferent delivery channels. ) Tj ET Q q 0 0 0 rg BT 240.97 316.10 Td (The strategy) Tj ET Q q 0 0 0 rg BT 290.02 316.10 Td (, marketing, and analysis of these segments vary considerably) Tj ET Q q 0 0 0 rg BT 536.52 316.10 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (more information on Customers' reportable operating segments, see NOTE 25 - BUSINESS SEGMENTS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (In third quarter 2016, Customers announced its intent to sell BankMobile and anticipates a sale to close in 2017. Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (BankMobile met the criteria to be classified as held for sale at December 31, 2016, the assets and liabilities of BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (have been presented as "Assets held for sale" and "Liabilities held for sale" on the consolidated balance sheets at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (2016 and 2015. BankMobile's operating results and associated cash flows have been presented as "Discontinued operations" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (within the accompanying consolidated financial statements and prior period amounts have been reclassified to conform with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (the current period presentation. For more information on BankMobile discontinued operations, see NOTE 3 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 158.61 208.10 Td (TIONS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (The BankMobile operating segment results dif) Tj ET Q q 0 0 0 rg BT 236.17 184.10 Td (fer from the amounts reported as "Discontinued operations" on the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (financial statements primarily because of the internal funds transfer pricing methodology used by management to allocate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (interest income to BankMobile for the value provided to the Community Business Banking segment for the use of low/no cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (deposits. ) 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 /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 non-traditional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (products and services through the successful Phase 1 launch of BankMobile in January 2015, to its commercial and consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (customers. Customers of) Tj ET Q q 0 0 0 rg BT 151.47 700.25 Td (fers an array of lending products to cater to its customers) Tj ET Q q 0 0 0 rg BT 381.77 700.25 Td ( needs, including commercial mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (warehouse loans, multi-family and commercial real estate loans, small business loans, equipment loans, residential mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (loans and other consumer loans. Customers also of) Tj ET Q q 0 0 0 rg BT 255.62 676.25 Td (fers traditional deposit products, including commercial and consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (checking accounts, non-interest-bearing demand accounts, money market deposit accounts, savings accounts, and time deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (accounts, and cash management services. Prior to January 2015, deposit products were available to customers only through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (branches of Customers Bank. ) Tj ET Q q 0 0 0 rg BT 172.57 640.25 Td (W) Tj ET Q q 0 0 0 rg BT 181.61 640.25 Td (ith the successful launch of BankMobile, the acquisition of the Disbursement business from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (Higher One and the combination of that business with the BankMobile platform, Customers is able to provide fee free banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (to millennials, students, middle class ) Tj ET Q q 0 0 0 rg BT 199.16 616.25 Td (American families and underserved consumers throughout the United States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (BankMobile is focused on providing quality low cost deposit products and related services to its customers, such as no or low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (fee checking, no overdraft char) Tj ET Q q 0 0 0 rg BT 174.47 586.25 Td (ges, photo bill pay) Tj ET Q q 0 0 0 rg BT 247.71 586.25 Td (, no opening balance requirements, instant virtual debit cards, and similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (customer friendly technology enabled services. Customers can also obtain cash free of any fees from over 55,000 ) Tj ET Q q 0 0 0 rg BT 507.63 574.25 Td (A) Tj ET Q q 0 0 0 rg BT 513.75 574.25 Td (TMs in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (United States. BankMobile looks to develop its capabilities to deliver retail loan products, such as automobile loans, credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (cards, and personal loans, to its customers, either as a referral or direct lender) Tj ET Q q 0 0 0 rg BT 358.92 550.25 Td (, as its technological capabilities develop. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (Lending ) Tj ET Q q 0 0 0 rg BT 86.58 520.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Customers Bank focuses its lending ef) Tj ET Q q 0 0 0 rg BT 203.41 502.25 Td (forts on the following lending areas:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 495.05 Td () 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 (Commercial Lending our focus is on Business Banking \(commercial and industrial lending\), including Small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 471.05 Td (and Middle Market Business Banking \(including small business administration \(SBA\) loans\), Multi-family and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 459.05 Td (Commercial 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 88.05 441.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 441.05 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 50.00 411.05 Td (Commercial Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (The Bank) Tj ET Q q 0 0 0 rg BT 91.93 393.05 Td (s commercial lending activities are divided into four distinct groups: Business Banking, Small and Middle Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.05 Td (Business Banking, Multi-family and Commercial Real Estate Lending, and Mortgage Banking Lending. ) Tj ET Q q 0 0 0 rg BT 468.91 381.05 Td (This grouping is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.05 Td (designed to allow for greater resource deployment, higher standards of risk management, strong asset quality) Tj ET Q q 0 0 0 rg BT 485.33 369.05 Td (, lower interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (rate risk and higher productivity levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.05 Td (The commercial lending group focuses on companies with annual revenues ranging from $1.0 million to $100.0 million, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 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 50.00 297.05 Td (The small and middle market business banking platform originates loans, including SBA) Tj ET Q q 0 0 0 rg BT 404.95 297.05 Td ( loans, through the branch network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (sales force and a team of dedicated Small Business relationship managers. ) Tj ET Q q 0 0 0 rg BT 349.17 285.05 Td (The support administration of the platform for this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.05 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 50.00 261.05 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 50.00 249.05 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 476.04 249.05 Td (A) Tj ET Q q 0 0 0 rg BT 482.71 249.05 Td ( division approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.05 Td (focuses on industries that of) Tj ET Q q 0 0 0 rg BT 162.02 237.05 Td (fer high asset quality and are deposit rich to drive profitability) Tj ET Q q 0 0 0 rg BT 409.63 237.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.05 Td (The goal of the Bank) Tj ET Q q 0 0 0 rg BT 137.20 213.05 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 50.00 201.05 Td (estate loans within its covered markets, while cross selling its other products and services. ) Tj ET Q q 0 0 0 rg BT 412.51 201.05 Td (This business line primarily focuses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.05 Td (on refinancing existing loans, using conservative underwriting. ) Tj ET Q q 0 0 0 rg BT 304.48 189.05 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 50.00 177.05 Td (the multi-family property) Tj ET Q q 0 0 0 rg BT 150.99 177.05 Td (, plus an assignment of all leases related to such property) Tj ET Q q 0 0 0 rg BT 378.33 177.05 Td (. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.86 177.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.44 177.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 165.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 165.05 Td (, the Bank originated approximately $0.9 billion and $1.3 billion, respectively) Tj ET Q q 0 0 0 rg BT 397.89 165.05 Td (, of multi-family loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.05 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 455.28 141.05 Td (The loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.05 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 50.00 117.05 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 50.00 105.05 Td (to mortgage companies 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 526.36 105.05 Td (V) Tj ET Q q 0 0 0 rg BT 532.29 105.05 Td (A, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.05 Td (are conventional loans eligible for sale to Fannie Mae and Freddie Mac. ) Tj ET Q q 0 0 0 rg BT 340.00 93.05 Td (The Bank is currently expanding its product of) Tj ET Q q 0 0 0 rg BT 526.72 93.05 Td (ferings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.05 Td (to mortgage companies to meet a wider array of business needs. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.77 81.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.36 81.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 81.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 81.05 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.05 Td (Bank funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.88 69.05 Td ($36.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.99 69.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.43 69.05 Td ($29.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.54 69.05 Td ( of mortgage loans, respectively) Tj ET Q q 0 0 0 rg BT 352.91 69.05 Td (, to mortgage originators via warehouse facilities. ) 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 (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 742.10 Td (, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 742.10 Td ($8.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.84 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.28 742.10 Td ($6.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.39 742.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 417.06 742.10 Td (, in commercial loans outstanding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (composing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.65 730.10 Td (96.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.48 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 730.10 Td (94.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.74 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 280.41 730.10 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 50.00 718.10 Td (the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.69 718.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.28 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.71 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.71 718.10 Td (, the Bank originated $0.8 billion and $0.9 billion, respectively) Tj ET Q q 0 0 0 rg BT 483.41 718.10 Td (, of commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (loans, exclusive of multi-family loan originations and loans to mortgage originators via warehouse facilities. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Consumer Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 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 50.00 646.10 Td (are conservative and lending is of) Tj ET Q q 0 0 0 rg BT 184.49 646.10 Td (fered to solidify customer relationships and grow relationship revenues in the long term. ) Tj ET Q q 0 0 0 rg BT 539.78 646.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (lending is important in the Bank) Tj ET Q q 0 0 0 rg BT 181.93 634.10 Td (s ef) Tj ET Q q 0 0 0 rg BT 195.91 634.10 Td (forts to grow total relationship revenues for its consumer households. ) Tj ET Q q 0 0 0 rg BT 475.40 634.10 Td (These areas also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 412.35 622.10 Td (The Bank plans to expand its product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 610.10 Td (ferings in real estate secured consumer lending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 574.10 Td (of homeownership in urban communities. ) Tj ET Q q 0 0 0 rg BT 218.86 574.10 Td (As part of this program, the Bank is of) Tj ET Q q 0 0 0 rg BT 372.82 574.10 Td (fering an Af) Tj ET Q q 0 0 0 rg BT 425.95 574.10 Td (fordable Mortgage Product. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (This 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 50.00 550.10 Td (neighborhoods. ) Tj ET Q q 0 0 0 rg BT 113.89 550.10 Td (As part of this commitment, a loan production of) Tj ET Q q 0 0 0 rg BT 309.50 550.10 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 50.00 538.10 Td (Philadelphia, P) Tj ET Q q 0 0 0 rg BT 109.63 538.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 121.67 538.10 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 50.00 526.10 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 50.00 514.10 Td (and owning a home. ) Tj ET Q q 0 0 0 rg BT 135.91 514.10 Td (The Af) Tj ET Q q 0 0 0 rg BT 168.77 514.10 Td (fordable Mortgage Product is of) Tj ET Q q 0 0 0 rg BT 301.33 514.10 Td (fered throughout Customers Bank) Tj ET Q q 0 0 0 rg BT 439.92 514.10 Td (s CRA) Tj ET Q q 0 0 0 rg BT 466.32 514.10 Td ( assessment areas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 490.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 490.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 490.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 490.10 Td (, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 490.10 Td ($298.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.62 490.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.06 490.10 Td ($391.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.95 490.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 442.61 490.10 Td (, in consumer loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (outstanding, composing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.05 478.10 Td (3.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.88 478.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.32 478.10 Td (5.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 478.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 261.81 478.10 Td (, of the Bank) Tj ET Q q 0 0 0 rg BT 316.25 478.10 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 50.00 466.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 466.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 466.10 Td (, the Bank originated $59.3 million and $63.0 million of consumer loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 454.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Private Banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 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 50.00 394.10 Td (its geographic footprint.) Tj ET Q q 0 0 0 rg BT 148.69 394.10 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 50.00 382.10 Td (experienced private bankers.) Tj ET Q q 0 0 0 rg BT 166.61 382.10 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 459.02 382.10 Td (s commercial clients, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (these private bankers deliver the whole bank not only to its clients, but to their families, their management teams, and their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (employees, as well.) Tj ET Q q 0 0 0 rg BT 130.63 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.67 358.10 Td (ith a world-class suite of sophisticated cash management products, these private bankers deliver on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 346.10 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 50.00 322.10 Td (Customers Bank opened its first private banking representative of) Tj ET Q q 0 0 0 rg BT 312.53 322.10 Td (fice in Manhattan in second quarter 2013, and eventually) Tj ET Q q 0 0 0 rg BT 539.86 322.10 Td (, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 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 50.00 280.10 Td (Deposit Products and Other Funding Sources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Customers Bank of) Tj ET Q q 0 0 0 rg BT 127.04 262.10 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 50.00 250.10 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 50.00 238.10 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 50.00 226.10 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 50.00 214.10 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 50.00 202.10 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 50.00 190.10 Td (These funding sources of) Tj ET Q q 0 0 0 rg BT 150.63 190.10 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 50.00 178.10 Td (environment. ) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Financial Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 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 50.00 712.25 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 50.00 700.25 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 50.00 688.25 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 50.00 676.25 Td (successfully launched BankMobile, ) Tj ET Q q 0 0 0 rg BT 194.41 676.25 Td (America's first mobile platform based full service consumer bank. In June 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (Customers acquired the Disbursement business of Higher One and subsequently combined that business with the BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (platform. ) Tj ET Q q 0 0 0 rg BT 91.75 652.25 Td (The Disbursement business assists higher educational institutions in their distributions of ) Tj ET Q q 0 0 0 rg BT 450.15 652.25 Td (T) Tj ET Q q 0 0 0 rg BT 455.90 652.25 Td (itle IV) Tj ET Q q 0 0 0 rg BT 481.55 652.25 Td ( monies to students. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (In combining the businesses, Customers serviced over 1.2 million active deposit accounts at December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 506.66 640.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (combined businesses also have the potential to add in excess of 400,000 new student deposit accounts annually) Tj ET Q q 0 0 0 rg BT 493.97 628.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 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 50.00 568.25 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 50.00 556.25 Td (unions, finance companies, mutual funds, money market funds, and certain government agencies. Financial institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (compete principally on the quality of the services rendered, interest rates of) Tj ET Q q 0 0 0 rg BT 351.37 544.25 Td (fered on deposit products, interest rates char) Tj ET Q q 0 0 0 rg BT 528.07 544.25 Td (ged on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (loans, fees and service char) Tj ET Q q 0 0 0 rg BT 159.49 532.25 Td (ges, the convenience of banking of) Tj ET Q q 0 0 0 rg BT 298.70 532.25 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 50.00 520.25 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 520.25 Td (ger commercial borrowers, lending limits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Many competitors are significantly lar) Tj ET Q q 0 0 0 rg BT 203.11 496.25 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 50.00 484.25 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 50.00 472.25 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 518.06 472.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 460.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 135.92 460.25 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 50.00 448.25 Td (campaigns. Customers Bank competes for business principally on the basis of high-quality) Tj ET Q q 0 0 0 rg BT 412.07 448.25 Td (, personal service to customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (customer access to Customers Bank) Tj ET Q q 0 0 0 rg BT 196.64 436.25 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 50.00 424.25 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 50.00 412.25 Td (and the convenience of Concier) Tj ET Q q 0 0 0 rg BT 176.43 412.25 Td (ge Banking.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 388.25 Td (s current market is primarily served by lar) Tj ET Q q 0 0 0 rg BT 286.98 388.25 Td (ge national and regional banks, with a few lar) Tj ET Q q 0 0 0 rg BT 469.24 388.25 Td (ger institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (capturing more than 50% of the deposit market share. Customers Bank) Tj ET Q q 0 0 0 rg BT 336.32 376.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 353.08 376.25 Td (ge competitors primarily utilize expensive, branch-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (based models to sell products to consumers and small businesses, which requires our lar) Tj ET Q q 0 0 0 rg BT 401.97 364.25 Td (ger competitors to price their products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (with wider mar) Tj ET Q q 0 0 0 rg BT 110.91 352.25 Td (gins and char) Tj ET Q q 0 0 0 rg BT 164.05 352.25 Td (ge more fees to justify their higher expense base. ) Tj ET Q q 0 0 0 rg BT 362.13 352.25 Td (While maintaining physical branch locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (remains an important component of Customers Bank) Tj ET Q q 0 0 0 rg BT 264.40 340.25 Td (s strategy) Tj ET Q q 0 0 0 rg BT 301.80 340.25 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 50.00 328.25 Td (less expensive locations, thereby lowering overhead costs and allowing for greater pricing flexibility) Tj ET Q q 0 0 0 rg BT 451.73 328.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (BankMobile competes for deposit customers with traditional bank branches that may have a physical presence near the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (university and college campuses we serve, lar) Tj ET Q q 0 0 0 rg BT 232.81 292.25 Td (ge national banks, as well as smaller regional or local banks, with other student ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (and disbursement businesses, both banks and prepaid card providers, and with local and national loan providers. Banks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (providing student disbursement services include PNC, ) Tj ET Q q 0 0 0 rg BT 269.51 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 278.15 268.25 Td (ells Far) Tj ET Q q 0 0 0 rg BT 307.69 268.25 Td (go Bank, and U.S. Bank. BankMobile is developing strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (to white label deposit products to commercial entities, again competing with traditional bank deposit product branch delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (channels. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 196.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 196.25 Td (, Customers Bancorp had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.62 196.25 Td (739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.62 196.25 Td ( full-time equivalent employees, including approximately 225 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (employees dedicated to the BankMobile business segment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.93 154.25 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (Customers Bancorp) Tj ET Q q 0 0 0 rg BT 131.93 136.25 Td (s internet website address is www) Tj ET Q q 0 0 0 rg BT 267.09 136.25 Td (.customersbank.com. Information on Customers Bancorp) Tj ET Q q 0 0 0 rg BT 498.99 136.25 Td (s website is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (part of this ) Tj ET Q q 0 0 0 rg BT 95.27 124.25 Td (Annual Report on Form 10-K. Investors can obtain copies of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 422.99 124.25 Td (s annual report on Form 10-K, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 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 50.00 100.25 Td (to Section13\(a\) or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 260.21 100.25 Td (Act of 1934, as amended, on Customers Bancorp) Tj ET Q q 0 0 0 rg BT 459.34 100.25 Td (s website \(accessible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (under About Us Investor Relations SEC Filings\) 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 76.25 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 64.25 Td (furnish a paper copy of such filings free of char) Tj ET Q q 0 0 0 rg BT 240.02 64.25 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 52.25 Td (Customers Bancorp with the SEC at the SEC) Tj ET Q q 0 0 0 rg BT 233.04 52.25 Td (s Public Reference Room which is located at 100 F Street, NE, ) Tj ET Q q 0 0 0 rg BT 486.69 52.25 Td (W) Tj ET Q q 0 0 0 rg BT 495.33 52.25 Td (ashington, DC ) 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 (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 50.00 730.10 Td (Customers Bancorp) Tj ET Q q 0 0 0 rg BT 131.93 730.10 Td (s filings can also be accessed at the SEC) Tj ET Q q 0 0 0 rg BT 296.33 730.10 Td (s internet website: www) Tj ET Q q 0 0 0 rg BT 392.61 730.10 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 424.73 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.10 694.10 Td (SUPER) Tj ET Q q 0 0 0 rg BT 257.53 694.10 Td (VISION ) Tj ET Q q 0 0 0 rg BT 295.05 694.10 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 361.25 694.10 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 670.10 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 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 50.00 634.10 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 50.00 622.10 Td (banking laws and regulations govern, among other things, the scope of a bank) Tj ET Q q 0 0 0 rg BT 364.37 622.10 Td (s business, the investments a bank may make, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 539.96 610.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (and collateral it takes, the activities of a bank with respect to mer) Tj ET Q q 0 0 0 rg BT 310.00 598.10 Td (gers and consolidations and the establishment of branches.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.05 562.10 Td (PENNSYL) Tj ET Q q 0 0 0 rg BT 272.81 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 278.74 562.10 Td (ANIA) Tj ET Q q 0 0 0 rg BT 303.74 562.10 Td ( BANKING LA) Tj ET Q q 0 0 0 rg BT 369.31 562.10 Td (WS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Pennsylvania banks that are Federal Reserve members may establish new branch of) Tj ET Q q 0 0 0 rg BT 384.43 538.10 Td (fices only after approval by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Pennsylvania Department of Banking and Securities and the Board of Governors of the Federal Reserve System \(the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Reserve Board\).) Tj ET Q q 0 0 0 rg BT 121.36 514.10 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 50.00 502.10 Td (the community) Tj ET Q q 0 0 0 rg BT 109.62 502.10 Td (, whether the institution is suf) Tj ET Q q 0 0 0 rg BT 228.32 502.10 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 50.00 490.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 490.10 Td (s record of meeting the credit needs of its community) Tj ET Q q 0 0 0 rg BT 306.24 490.10 Td (, whether there are significant supervisory concerns with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (respect to the institution or af) Tj ET Q q 0 0 0 rg BT 167.29 478.10 Td (filiated or) Tj ET Q q 0 0 0 rg BT 206.26 478.10 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 50.00 466.10 Td (involving bank insiders \(directors, of) Tj ET Q q 0 0 0 rg BT 206.72 466.10 Td (ficers, employees and 10%-or) Tj ET Q q 0 0 0 rg BT 325.92 466.10 Td (-greater shareholders\) which involves terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (conditions more favorable to the insiders than would be available in a comparable transaction with unrelated parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 50.00 418.10 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 50.00 406.10 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 50.00 394.10 Td (Banking and Securities.) Tj ET Q q 0 0 0 rg BT 147.58 394.10 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 50.00 382.10 Td (minimum capital requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 50.00 346.10 Td (became ef) Tj ET Q q 0 0 0 rg BT 90.62 346.10 Td (fective on December24, 2012. ) Tj ET Q q 0 0 0 rg BT 216.23 346.10 Td (The intended goal of the law) Tj ET Q q 0 0 0 rg BT 330.26 346.10 Td (, which applies to Customers Bank, is to modernize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Pennsylvania) Tj ET Q q 0 0 0 rg BT 106.10 334.10 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 50.00 322.10 Td (demands at the federal level as described below) Tj ET Q q 0 0 0 rg BT 240.10 322.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 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 50.00 286.10 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 505.77 286.10 Td (filiates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (regulated banks and bolsters the Department) Tj ET Q q 0 0 0 rg BT 230.78 274.10 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 50.00 262.10 Td (remove directors, of) Tj ET Q q 0 0 0 rg BT 130.62 262.10 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 50.00 250.10 Td (or breach of fiduciary duty) Tj ET Q q 0 0 0 rg BT 156.53 250.10 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 50.00 238.10 Td (per violation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (The law also sets a new standard of care for bank of) Tj ET Q q 0 0 0 rg BT 257.79 214.10 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 50.00 202.10 Td (corporations in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 170.91 202.10 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 50.00 190.10 Td (the best interests of the institutions and with such care, including reasonable inquiry) Tj ET Q q 0 0 0 rg BT 385.11 190.10 Td (, skill and diligence, as a person of ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 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 50.00 166.10 Td (provided by of) Tj ET Q q 0 0 0 rg BT 108.70 166.10 Td (ficers, employees, attorneys, accountants, or committees of the board, and an of) Tj ET Q q 0 0 0 rg BT 427.29 166.10 Td (ficer may not be held liable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (simply because he or she served as an of) Tj ET Q q 0 0 0 rg BT 211.99 154.10 Td (ficer of the institution.) 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 133.04 130.10 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 50.00 118.10 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 50.00 106.10 Td (interstate branches.For more information on federal law) Tj ET Q q 0 0 0 rg BT 275.38 106.10 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 94.10 Td (Branching that follows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 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 58.10 Td (also permits out-of-state banks to acquire existing branches or branch de novo in Pennsylvania.) 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 (In ) Tj ET Q q 0 0 0 rg BT 60.28 742.10 Td (April 2008, Banking Regulators in the States of New Jersey) Tj ET Q q 0 0 0 rg BT 299.03 742.10 Td (, New ) Tj ET Q q 0 0 0 rg BT 325.04 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 331.26 742.10 Td (ork, and Pennsylvania entered into a Memorandum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Understanding \(the Interstate MOU\) to clarify their respective roles, as home and host state regulators, regarding interstate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (branching activity on a regional basis pursuant to the Riegle-Neal ) Tj ET Q q 0 0 0 rg BT 314.37 718.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 369.64 718.10 Td (Act of 1997. ) Tj ET Q q 0 0 0 rg BT 422.23 718.10 Td (The Interstate MOU establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the regulatory responsibilities of the respective state banking regulators regarding bank regulatory examinations and is intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (to reduce the regulatory burden on state-chartered banks branching within the region by eliminating duplicative host state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (compliance exams.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Under the Interstate MOU, the activities of branches Customers established in New Jersey or New ) Tj ET Q q 0 0 0 rg BT 445.63 658.10 Td (Y) Tj ET Q q 0 0 0 rg BT 451.85 658.10 Td (ork would be governed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Pennsylvania state law to the same extent that federal law governs the activities of the branch of an out-of-state national bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (such host states. Issues regarding whether a particular host state law is preempted are to be determined in the first instance by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the Pennsylvania Department of Banking and Securities. In the event that the Pennsylvania Department of Banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Securities and the applicable host state regulator disagree regarding whether a particular host state law is pre-empted, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Pennsylvania Department of Banking and Securities and the applicable host state regulator would use their reasonable best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 586.10 Td (forts to consider all points of view and to resolve the disagreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.80 550.10 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 289.03 550.10 Td ( BANKING LA) Tj ET Q q 0 0 0 rg BT 354.60 550.10 Td (WS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Interstate Branching.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.54 526.10 Td () Tj ET Q q 0 0 0 rg BT 137.86 526.10 Td (The Riegle-Neal Interstate Banking and Branching Ef) Tj ET Q q 0 0 0 rg BT 353.16 526.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 387.31 526.10 Td (Act of 1994 \(called the Interstate ) Tj ET Q q 0 0 0 rg BT 525.59 526.10 Td (Act\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (among other things, permits bank holding companies to acquire banks in any state. ) Tj ET Q q 0 0 0 rg BT 382.99 514.10 Td (A) Tj ET Q q 0 0 0 rg BT 389.66 514.10 Td ( bank may also mer) Tj ET Q q 0 0 0 rg BT 467.79 514.10 Td (ge with a bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (another state.Interstate acquisitions and mer) Tj ET Q q 0 0 0 rg BT 228.09 502.10 Td (gers are subject, in general, to certain concentration limits and state entry rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (relating to the age of the Bank.Under the Interstate ) Tj ET Q q 0 0 0 rg BT 257.43 490.10 Td (Act, the responsible federal regulatory agency is permitted to approve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (acquisition of less than all of the branches of an insured bank by an out-of-state bank or bank holding company without the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (acquisition of an entire bank, only if the law of the state in which the branch is located permits.Under the Interstate ) Tj ET Q q 0 0 0 rg BT 514.30 466.10 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (branches of state-chartered banks that operate in other states are covered by the laws of the chartering state, rather than the host ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (state.) Tj ET Q q 0 0 0 rg BT 73.14 442.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 142.39 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.03 442.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 326.00 442.10 Td (Act \(Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 401.53 442.10 Td (Act\) created a more permissive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 50.00 418.10 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 533.94 418.10 Td (, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Pennsylvania Banking Laws Interstate Branching above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 382.10 Td (ompt Corr) Tj ET Q q 0 0 0 rg BT 101.21 382.10 Td (ective ) Tj ET Q q 0 0 0 rg BT 126.84 382.10 Td (Action) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.94 382.10 Td (.Federal banking law mandates certain prompt corrective actions, which Federal banking agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (are required to take, and certain actions which they have discretion to take, based upon the capital category into which a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Federally regulated depository institution falls.Regulations have been adopted by the Federal bank regulatory agencies setting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (forth detailed procedures and criteria for implementing prompt corrective action in the case of any institution that is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (adequately capitalized.Under the rules, an institution will be deemed to be adequately capitalized or better if it exceeds the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (minimum Federal regulatory capital requirements.However) Tj ET Q q 0 0 0 rg BT 290.07 322.10 Td (, it will be deemed undercapitalized if it fails to meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (minimum capital requirements, significantly undercapitalized if it has a common equity tier 1 risk-based capital ratio that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (less than 3.0%, or has a total risk-based capital ratio that is less than 6.0%, a ) Tj ET Q q 0 0 0 rg BT 356.96 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 362.72 298.10 Td (ier 1 risk-based capital ratio that is less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (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 50.00 274.10 Td (to total assets that is equal to or less than 2.0%.) Tj ET Q q 0 0 0 rg BT 241.18 274.10 Td (The rules require an undercapitalized institution to file a written capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (restoration plan, along with a performance guaranty by its holding company or a third party) Tj ET Q q 0 0 0 rg BT 415.63 262.10 Td (.In addition, an undercapitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (institution becomes subject to certain restrictions including a prohibition on the payment of dividends, a limitation on asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (growth and expansion, and in certain cases, a limitation on the payment of bonuses or raises to senior executive of) Tj ET Q q 0 0 0 rg BT 506.64 238.10 Td (ficers, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (prohibition on the payment of certain management fees to any controlling person. Institutions that are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (undercapitalized are also subject to certain additional supervisory actions, including increased reporting burdens and regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (monitoring, a limitation on the institution) Tj ET Q q 0 0 0 rg BT 218.33 202.10 Td (s ability to make acquisitions, open new branch of) Tj ET Q q 0 0 0 rg BT 418.93 202.10 Td (fices, or engage in new lines of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (business, obligations to raise additional capital, restrictions on transactions with af) Tj ET Q q 0 0 0 rg BT 379.19 190.10 Td (filiates, and restrictions on interest rates paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (by the institution on deposits.In certain cases, bank regulatory agencies may require replacement of senior executive of) Tj ET Q q 0 0 0 rg BT 528.26 178.10 Td (ficers or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (directors, or sale of the institution to a willing purchaser) Tj ET Q q 0 0 0 rg BT 273.84 166.10 Td (.If an institution is deemed to be critically undercapitalized and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (continues in that category for four quarters, the statute requires, with certain narrowly limited exceptions, that the institution be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (placed in receivership.) Tj ET Q endstream endobj 33 0 obj <>] /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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Safety and Soundness; Regulation of Bank Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 742.10 Td (.) Tj ET Q q 0 0 0 rg BT 279.22 742.10 Td (The Federal Reserve Board possesses the power to prohibit a bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (from engaging in any activity that would be an unsafe and unsound banking practice and in violation of the law) Tj ET Q q 0 0 0 rg BT 495.06 730.10 Td (.Moreover) Tj ET Q q 0 0 0 rg BT 539.09 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Federal law enactments have expanded the circumstances under which of) Tj ET Q q 0 0 0 rg BT 343.31 718.10 Td (ficers or directors of a bank may be removed by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 706.10 Td (s Federal supervisory agency; restricted and further regulated lending by a bank to its executive of) Tj ET Q q 0 0 0 rg BT 486.08 706.10 Td (ficers, directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (principal shareholders or related interests thereof; restricted management personnel of a bank from serving as directors or in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (other management positions with certain depository institutions whose assets exceed a specified amount or which have an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 670.10 Td (fice within a specified geographic area; and restricted management personnel from borrowing from another institution that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (has a correspondent relationship with the bank for which they work.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Capital Rules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 634.10 Td (.Federal banking agencies have issued certain risk-based capital guidelines, which supplemented existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (capital requirements.In addition, the Federal Reserve Board imposes certain leverage requirements on member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (company in view of its circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The risk-based capital guidelines require all banks and bank holding companies to maintain capital levels in compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (risk-based capital ratios.In these ratios, the on-balance sheet assets and of) Tj ET Q q 0 0 0 rg BT 354.98 562.10 Td (f balance sheet exposures are assigned a risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (weight based upon the perceived and historical risk of incurring a loss of principal from that exposure. ) Tj ET Q q 0 0 0 rg BT 461.92 550.10 Td (The risk-based capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (rules are designed to make regulatory capital requirements more sensitive to dif) Tj ET Q q 0 0 0 rg BT 368.32 538.10 Td (ferences in risk profiles among banks and bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (holding companies and to minimize disincentives for holding liquid assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (The risk-based capital rules also may consider interest rate risk.Institutions with interest rate risk exposure above a normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (level would be required to hold extra capital in proportion to that risk.) Tj ET Q q 0 0 0 rg BT 331.97 490.10 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 50.00 478.10 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 50.00 466.10 Td (proposed will not materially adversely af) Tj ET Q q 0 0 0 rg BT 213.94 466.10 Td (fect its operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The Federal Reserve Board) Tj ET Q q 0 0 0 rg BT 162.46 442.10 Td (s leverage ratio rules require member banks which are rated the highest in the composite areas of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (capital, asset quality) Tj ET Q q 0 0 0 rg BT 130.71 430.10 Td (, management, earnings and liquidity to maintain a ratio of T) Tj ET Q q 0 0 0 rg BT 378.07 430.10 Td (ier 1 capital to adjusted total assets of not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (less than 3.0%.For banks which are not the most highly rated, the minimum leverage ratio will range from 4.0% to 5.0%, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (higher at the discretion of the Federal Reserve Board, and is required to be at a level commensurate with the nature of the level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of risk of the Bancorp's condition and activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (For purposes of the capital requirements, T) Tj ET Q q 0 0 0 rg BT 226.54 370.10 Td (ier 1 or core capital is defined to include common shareholders) Tj ET Q q 0 0 0 rg BT 494.58 370.10 Td ( equity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (certain noncumulative perpetual preferred stock and related surplus. T) Tj ET Q q 0 0 0 rg BT 334.80 358.10 Td (ier 2 or qualifying supplementary capital is defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (to include a bank) Tj ET Q q 0 0 0 rg BT 121.37 346.10 Td (s allowance for loan losses up to 1.25% of risk-weighted assets, plus certain types of preferred stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (related surplus, certain hybrid capital instruments and certain term subordinated debt instruments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (New Capital Rules.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 310.10 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 50.00 298.10 Td (based capital rules applicable to the Bancorp and the Bank. ) Tj ET Q q 0 0 0 rg BT 288.90 298.10 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 50.00 286.10 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 50.00 274.10 Td (Basel III regulatory capital reforms and changes required by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 367.93 274.10 Td (Act. Basel III refers to two consultative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (documents released by the Basel Committee on Banking Supervision in December 2009, the rules text released in December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (2010, and loss absorbency rules issued in January 201) Tj ET Q q 0 0 0 rg BT 265.98 250.10 Td (1, which include significant changes to bank capital, leverage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (liquidity requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (The rules include new risk-based capital and leverage ratios, planned to be phased in from 2015 to 2019, and refine the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (definition of what constitutes capital for purposes of calculating those ratios. Ef) Tj ET Q q 0 0 0 rg BT 376.94 202.10 Td (fective January 1, 2015, the new minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (capital level requirements applicable to the Bancorp and the Bank under the final rules were:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 172.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 172.10 Td (ier 1 risk-based capital ratio of 4.5%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 154.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 154.10 Td (ier 1 risk-based capital ratio of 6% \(increased from 4%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 136.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 136.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 136.10 Td (otal risk-based capital ratio of 8% \(unchanged from rules in ef) Tj ET Q q 0 0 0 rg BT 352.28 136.10 Td (fect prior to January 1, 2015\); and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 118.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 118.10 Td (ier 1 leverage ratio of 4% for all institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (The final rules also establish a capital conservation buf) Tj ET Q q 0 0 0 rg BT 274.18 94.10 Td (fer above the new regulatory minimum capital requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (The capital conservation buf) Tj ET Q q 0 0 0 rg BT 163.94 70.10 Td (fer will be phased-in over four years beginning on January1, 2016, as follows: the maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (buf) Tj ET Q q 0 0 0 rg BT 63.15 58.10 Td (fer will be 0.625% of risk-weighted assets for 2016, 1.25% for 2017, 1.875% for 2018, and 2.5% for 2019 and thereafter) Tj ET Q q 0 0 0 rg BT 544.98 58.10 Td (. ) Tj ET Q endstream endobj 35 0 obj <>] /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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 742.10 Td (fective January 1, 2016, the minimum capital level requirements \(including the capital conservation buf) Tj ET Q q 0 0 0 rg BT 473.67 742.10 Td (fer\) applicable to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Bancorp and the Bank under the final rules were:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 712.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 712.10 Td (ier 1 capital ratio of 5.125%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 694.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 694.10 Td (ier 1 Risk based capital ratio of 6.625%; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 676.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 676.10 Td (otal Risk based capital ratio of 8.625%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 652.10 Td (fective January 1, 2017, the minimum capital level requirements \(including the capital conservation buf) Tj ET Q q 0 0 0 rg BT 473.67 652.10 Td (fer\) applicable to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Bancorp and the Bank under the final rules are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 622.10 Td (ier 1 capital ratio of 5.75%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 604.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 604.10 Td (ier 1 Risk based capital ratio of 7.25%; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 586.10 Td (otal Risk based capital ratio of 9.25%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Considering the capital conservation buf) Tj ET Q q 0 0 0 rg BT 212.00 562.10 Td (fer) Tj ET Q q 0 0 0 rg BT 222.70 562.10 Td (, to avoid limitations on certain actions or activities, banks will be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (maintain the following ratios beginning January 1, 2019:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 532.10 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 532.10 Td (ier 1 capital ratio of 7.0%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 514.10 Td (ier 1 Risk Based capital ratio of 8.5%; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 496.10 Td (\(iii\) a ) 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 10.5%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Under the final rules, institutions are subject to limitations on paying dividends, engaging in share repurchases, and paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (discretionary bonuses if its capital level falls below the minimum capital level plus capital conservation buf) Tj ET Q q 0 0 0 rg BT 479.98 460.10 Td (fer amount. ) Tj ET Q q 0 0 0 rg BT 528.39 460.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (limitations establish a maximum percentage of eligible retained income that could be utilized for such actions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Basel III provided discretion for regulators to impose an additional buf) Tj ET Q q 0 0 0 rg BT 333.08 424.10 Td (fer) Tj ET Q q 0 0 0 rg BT 343.77 424.10 Td (, the countercyclical buf) Tj ET Q q 0 0 0 rg BT 444.65 424.10 Td (fer) Tj ET Q q 0 0 0 rg BT 455.35 424.10 Td (, of up to 2.5% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (common equity ) Tj ET Q q 0 0 0 rg BT 114.81 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.57 412.10 Td (ier 1 capital to take into account the macro-financial environment and periods of excessive credit growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 400.10 Td (, the final rules permit the countercyclical buf) Tj ET Q q 0 0 0 rg BT 268.77 400.10 Td (fer to be applied only to advanced approach banks \(i.e., banks with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td ($250 billion or more in total assets or $10 billion or more in total foreign exposures\), which currently excludes the Bancorp and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (the Bank. ) Tj ET Q q 0 0 0 rg BT 90.64 376.10 Td (The final rules also implement revisions and clarifications consistent with Basel III regarding the various components ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.41 364.10 Td (ier 1 capital, including common equity) Tj ET Q q 0 0 0 rg BT 220.72 364.10 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 50.00 352.10 Td (qualify as ) Tj ET Q q 0 0 0 rg BT 91.47 352.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.23 352.10 Td (ier 1 capital, some of which will be phased out over time. However) Tj ET Q q 0 0 0 rg BT 365.64 352.10 Td (, the final rules provide that small depository ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 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 50.00 328.10 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 435.83 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 441.59 328.10 Td (ier 1 or ) Tj ET Q q 0 0 0 rg BT 472.79 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 478.54 328.10 Td (ier 2 capital prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (May19, 2010 in additional ) Tj ET Q q 0 0 0 rg BT 160.92 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 166.67 316.10 Td (ier 1 or ) Tj ET Q q 0 0 0 rg BT 197.87 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.63 316.10 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 50.00 292.10 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 50.00 280.10 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 50.00 268.10 Td (capital. Importantly) Tj ET Q q 0 0 0 rg BT 128.21 268.10 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 521.50 268.10 Td (-sale debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 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 50.00 244.10 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 50.00 220.10 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 50.00 208.10 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 477.26 208.10 Td (These revisions took ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 196.10 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 50.00 184.10 Td (conservation buf) Tj ET Q q 0 0 0 rg BT 116.74 184.10 Td (fer) Tj ET Q q 0 0 0 rg BT 127.44 184.10 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 50.00 172.10 Td (in order to qualify as well capitalized:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 154.10 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 154.10 Td (ier 1 capital ratio of 6.5%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 136.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 136.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 136.10 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 74.00 118.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 118.10 Td (otal Risk based capital ratio of 10% \(unchanged from rules in ef) Tj ET Q q 0 0 0 rg BT 359.79 118.10 Td (fect prior to January 1, 2015\); and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 100.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 100.10 Td (ier 1 leverage ratio of 5% \(increased from 4%\).) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The final rules set forth certain changes for the calculation of risk-weighted assets, which were required to be utilized as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (January1, 2015. ) Tj ET Q q 0 0 0 rg BT 118.42 730.10 Td (The standardized approach final rule utilizes an increased number of credit risk exposure categories and risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (weights, and also addresses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 700.10 Td (\(i\) an alternative standard of creditworthiness consistent with Section939A) Tj ET Q q 0 0 0 rg BT 375.31 700.10 Td ( of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 454.19 700.10 Td (Act;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (\(ii\) revisions to recognition of credit risk mitigation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 664.10 Td (\(iii\) rules for risk weighting of equity exposures and past due loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (\(iv\) revised capital treatment for derivatives and repo-style transactions; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 628.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 91.36 628.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 134.61 628.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 189.52 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.88 628.10 Td (top-tier ) Tj ET Q q 0 0 0 rg BT 236.02 628.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 270.94 628.10 Td (or) Tj ET Q q 0 0 0 rg BT 279.08 628.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 327.33 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.81 628.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 365.51 628.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 394.33 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.36 628.10 Td (more ) Tj ET Q q 0 0 0 rg BT 428.61 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.09 628.10 Td (total ) Tj ET Q q 0 0 0 rg BT 459.57 628.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 485.60 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.30 628.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.21 628.10 Td (not ) Tj ET Q q 0 0 0 rg BT 533.69 628.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.28 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 616.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 150.69 616.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 189.83 616.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 216.21 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.71 616.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 258.42 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.70 616.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 294.53 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 314.81 616.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 345.06 616.10 Td (than ) Tj ET Q q 0 0 0 rg BT 364.78 616.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 387.28 616.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 415.89 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.17 616.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 479.21 616.10 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 592.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 592.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 592.10 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 50.00 580.10 Td (which they were subject. For additional information on Customers' regulatory capital ratios, refer to NOTE19 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (REGULA) Tj ET Q q 0 0 0 rg BT 89.44 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 95.37 568.10 Td (OR) Tj ET Q q 0 0 0 rg BT 108.71 568.10 Td (Y) Tj ET Q q 0 0 0 rg BT 115.56 568.10 Td ( MA) Tj ET Q q 0 0 0 rg BT 133.07 568.10 Td (TTERS.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Dodd-Frank W) Tj ET Q q 0 0 0 rg BT 109.90 544.10 Td (all Str) Tj ET Q q 0 0 0 rg BT 134.26 544.10 Td (eet Reform and Consumer Pr) Tj ET Q q 0 0 0 rg BT 251.09 544.10 Td (otection ) Tj ET Q q 0 0 0 rg BT 285.63 544.10 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.45 544.10 Td () Tj ET Q q 0 0 0 rg BT 303.77 544.10 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 50.00 532.10 Td (and was signed into law by President Obama on July21, 2010. ) Tj ET Q q 0 0 0 rg BT 303.31 532.10 Td (Among many other provisions, the legislation:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 524.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 512.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 512.90 Td (established the Financial Stability Oversight Council, a federal agency acting as the financial system) Tj ET Q q 0 0 0 rg BT 510.93 512.90 Td (s systemic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 500.90 Td (risk regulator with the authority to review the activities of significant bank holding companies and non-bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 488.90 Td (financial firms, to make recommendations and impose standards regarding capital, leverage, conflicts and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 476.90 Td (requirements for financial firms and to impose regulatory standards on certain financial firms deemed to pose a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 464.90 Td (systemic threat to the financial health of the U.S. economy;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 446.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 446.90 Td (created a new Consumer Financial Protection Bureau within the U.S. Federal Reserve, which has substantive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 434.90 Td (rule-making authority over a wide variety of consumer financial services and products, including the power to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 422.90 Td (regulate unfair) Tj ET Q q 0 0 0 rg BT 164.23 422.90 Td (, deceptive, or abusive acts or practices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 404.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 404.90 Td (permitted state attorneys general and other state enforcement authorities broader power to enforce consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 392.90 Td (protection laws against banks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 374.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 374.90 Td (authorized federal regulatory agencies to ban compensation arrangements at financial institutions that give ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 362.90 Td (employees incentives to engage in conduct that could pose risks to the nation) Tj ET Q q 0 0 0 rg BT 417.09 362.90 Td (s financial system;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 344.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 344.90 Td (granted the U.S. government resolution authority to liquidate or take emer) Tj ET Q q 0 0 0 rg BT 402.46 344.90 Td (gency measures with regard to troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 332.90 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 106.05 320.90 Td (Federal Deposit Insurance Corporation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 302.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 302.90 Td (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 106.05 290.90 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 88.05 272.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 272.90 Td (increased the deposit insurance coverage limit for insurable deposits to $250,000 generally) Tj ET Q q 0 0 0 rg BT 468.62 272.90 Td (, and removes the limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 260.90 Td (entirely for transaction accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 242.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 242.90 Td (permitted banks to pay interest on business demand deposit accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 224.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 224.90 Td (extended the national bank lending \(or loans-to-one-borrower\) limits to other institutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 206.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 206.90 Td (prohibited banks subject to enforcement action such as a memorandum of understanding from changing their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 194.90 Td (charter without the approval of both their existing charter regulator and their proposed new charter regulator; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 176.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 176.90 Td (imposed new limits on asset purchase and sale transactions between banks and their insiders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.90 Td (Many of these provisions are subject to further rule making and to the discretion of regulatory bodies, including Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.90 Td (Bank) Tj ET Q q 0 0 0 rg BT 73.89 140.90 Td (s primary federal banking regulator) Tj ET Q q 0 0 0 rg BT 215.10 140.90 Td (, the Federal Reserve.It is not possible to predict at this time the extent to which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.90 Td (regulations authorized or mandated by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 271.88 128.90 Td (Act will impose requirements or restrictions on Customers Bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.90 Td (addition to or dif) Tj ET Q q 0 0 0 rg BT 117.31 116.90 Td (ferent from the provisions summarized above.) 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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 125.92 742.10 Td (Assessments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.36 742.10 Td (.Customers Bank) Tj ET Q q 0 0 0 rg BT 249.53 742.10 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 50.00 730.10 Td (law and are subject to deposit insurance premium assessments. ) Tj ET Q q 0 0 0 rg BT 303.64 730.10 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 50.00 718.10 Td (system, which was amended pursuant to the Federal Deposit Insurance Reform ) Tj ET Q q 0 0 0 rg BT 368.25 718.10 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 50.00 706.10 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 50.00 694.10 Td (perceived risk incurred in its activities. ) Tj ET Q q 0 0 0 rg BT 207.82 694.10 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 50.00 682.10 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 544.78 682.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 50.00 646.10 Td (On February7, 201) Tj ET Q q 0 0 0 rg BT 127.95 646.10 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 50.00 634.10 Td (assessment rates beginning ) Tj ET Q q 0 0 0 rg BT 160.26 634.10 Td (April1, 201) Tj ET Q q 0 0 0 rg BT 208.50 634.10 Td (1, ranging from 2.5 to 45 basis points of ) Tj ET Q q 0 0 0 rg BT 371.36 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 377.11 634.10 Td (ier I capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 78.71 598.10 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 50.00 586.10 Td (The FDIC sets the Financing Corporation assessment rate every quarter) Tj ET Q q 0 0 0 rg BT 335.76 586.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 154.24 562.10 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.56 562.10 Td (.Under the Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 321.99 562.10 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 50.00 550.10 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 50.00 538.10 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 50.00 526.10 Td (or other deposit facility) Tj ET Q q 0 0 0 rg BT 142.93 526.10 Td (, of) Tj ET Q q 0 0 0 rg BT 156.08 526.10 Td (fice relocation, a mer) Tj ET Q q 0 0 0 rg BT 240.85 526.10 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 50.00 514.10 Td (increased readiness to deny applications based on unsatisfactory CRA) Tj ET Q q 0 0 0 rg BT 329.37 514.10 Td ( performance.) Tj ET Q q 0 0 0 rg BT 387.21 514.10 Td (The Federal Reserve Board is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (assess our record to determine if we are meeting the credit needs of the community \(including low and moderate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (neighborhoods\) that we serve.) Tj ET Q q 0 0 0 rg BT 172.84 490.10 Td (The Financial Institutions Reform, Recovery) Tj ET Q q 0 0 0 rg BT 351.32 490.10 Td (, and Enforcement ) Tj ET Q q 0 0 0 rg BT 426.85 490.10 Td (Act of 1989 amended the CRA) Tj ET Q q 0 0 0 rg BT 550.43 490.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 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 495.41 478.10 Td (s record of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (meeting the credit needs of its entire community including low- and moderate-income neighborhoods.) Tj ET Q q 0 0 0 rg BT 460.82 466.10 Td (This evaluation includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (a descriptive rating \(outstanding, satisfactory) Tj ET Q q 0 0 0 rg BT 229.58 454.10 Td (, needs to improve, or substantial noncompliance\) and a statement describing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (basis for the rating.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Consumer Pr) Tj ET Q q 0 0 0 rg BT 103.24 418.10 Td (otection Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.08 418.10 Td (.Customers Bank is subject to a variety of consumer protection laws, including the ) Tj ET Q q 0 0 0 rg BT 493.83 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 499.58 418.10 Td (ruth in Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Act, the ) Tj ET Q q 0 0 0 rg BT 83.97 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.73 406.10 Td (ruth in Savings ) Tj ET Q q 0 0 0 rg BT 152.24 406.10 Td (Act adopted as part of the Federal Deposit Insurance Corporation Improvement ) Tj ET Q q 0 0 0 rg BT 471.86 406.10 Td (Act of 1991 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (\(FDICIA\), the Equal Credit Opportunity ) Tj ET Q q 0 0 0 rg BT 222.74 394.10 Td (Act, the Home Mortgage Disclosure ) Tj ET Q q 0 0 0 rg BT 369.93 394.10 Td (Act, the Electronic Funds ) Tj ET Q q 0 0 0 rg BT 474.45 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.21 394.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 509.91 394.10 Td (Act, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Real Estate Settlement Procedures ) Tj ET Q q 0 0 0 rg BT 189.40 382.10 Td (Act and the regulations adopted thereunder) Tj ET Q q 0 0 0 rg BT 361.29 382.10 Td (.In the aggregate, compliance with these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (consumer protection laws and regulations involves substantial expense and administrative time on the part of Customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Bank Holding Company Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 161.55 322.10 Td (, Customers Bancorp is also subject to additional regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 167.77 298.10 Td (Act requires the Bancorp to secure the prior approval of the Federal Reserve Board before it owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (or controls, directly or indirectly) Tj ET Q q 0 0 0 rg BT 179.59 286.10 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 50.00 274.10 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 50.00 262.10 Td (substantially all of the assets of, any bank located outside of the state in which a current bank subsidiary is located unless such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (acquisition is specifically authorized by laws of the state in which such bank is located.) Tj ET Q q 0 0 0 rg BT 401.02 250.10 Td (A) Tj ET Q q 0 0 0 rg BT 407.69 250.10 Td ( bank holding company is prohibited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (from engaging in or acquiring direct or indirect control of more than five percent \(5%\)of the voting shares of any company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (engaged in non-banking activities unless the Federal Reserve Board, by order or regulation, has found such activities to be so ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 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 50.00 202.10 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 508.56 202.10 Td (fer benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (to the public that outweigh possible adverse ef) Tj ET Q q 0 0 0 rg BT 235.61 190.10 Td (fects.) Tj ET Q q 0 0 0 rg BT 258.93 190.10 Td (Applications under the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 452.24 190.10 Td (Act and the Change in ) 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 82.50 178.10 Td (Act are subject to review) Tj ET Q q 0 0 0 rg BT 181.81 178.10 Td (, based upon the record of compliance of the applicant with the CRA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (The Bancorp is required to file an annual report with the Federal Reserve Board and any additional information that the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Reserve Board may require pursuant to the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 323.83 142.10 Td (Act.Further) Tj ET Q q 0 0 0 rg BT 372.31 142.10 Td (, under Section106 of the 1970 amendments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 164.44 130.10 Td (Act and the Federal Reserve Board) Tj ET Q q 0 0 0 rg BT 307.44 130.10 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 50.00 118.10 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 50.00 106.10 Td (provision of any property or services.) Tj ET Q q 0 0 0 rg BT 202.28 106.10 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 94.10 Td (lease, sell property or furnish any service to a customer on the condition that the customer obtains additional credit or service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 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 82.10 Td (.) 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 (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 50.00 730.10 Td (or managing or controlling banks as to be a proper incident thereto.) Tj ET Q q 0 0 0 rg BT 321.31 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 327.98 730.10 Td ( number of activities are authorized by Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Board regulation, while other activities require prior Federal Reserve Board approval.) Tj ET Q q 0 0 0 rg BT 395.53 718.10 Td (The types of permissible activities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (subject to change by the Federal Reserve Board.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 122.00 670.10 Td (Risk Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Risks Related to the Pr) Tj ET Q q 0 0 0 rg BT 148.14 646.10 Td (oposed Sale of BankMobile) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Failure to complete the proposed sale of BankMobile could negatively impact our share price, our future business and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 586.10 Td (e cannot assure you that our proposed sale of BankMobile to Flagship Bank will be completed in the time frame we currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (anticipate or at all. If we do not complete the proposed sale, we will not receive the expected benefits of such proposed sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (transaction but will have incurred significant costs in connection with our pursuit of the sale, including our own costs relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (to the proposed sale to Flagship Bank and the costs of Flagship Bank relating to the proposed sale and related matters, certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (of which we are obligated to pay even if the proposed sale is completed. In addition, we cannot assure you that alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (opportunities to sell BankMobile will be available to us, or) Tj ET Q q 0 0 0 rg BT 285.12 526.10 Td (, if available, will be on terms at least as favorable to us as the terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (of the proposed sale to Flagship Bank. Market conditions, the possible need to secure regulatory) Tj ET Q q 0 0 0 rg BT 434.26 514.10 Td (, shareholder or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (approvals, and other factors will af) Tj ET Q q 0 0 0 rg BT 189.21 502.10 Td (fect our ability to pursue alternative opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (In addition, the value of our common and preferred stock may decline if the proposed sale is not completed, and uncertainty as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (to whether alternative transactions may be available for the disposition of the BankMobile business, and as to the timing, form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (and terms of any such alternative disposition may adversely af) Tj ET Q q 0 0 0 rg BT 299.47 454.10 Td (fect analyst and shareholder views as to the value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (BankMobile business, which could further adversely af) Tj ET Q q 0 0 0 rg BT 271.15 442.10 Td (fect the value of our securities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (If we are unable to complete the sale of BankMobile before exceeding the $10 billion total asset threshold our business and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (potential for future success could be materially adversely ef) Tj ET Q q 0 0 0 rg BT 294.23 406.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Our business and future prospects may suf) Tj ET Q q 0 0 0 rg BT 219.79 382.10 Td (fer if we are unable to remain under $10 billion in total assets as of December 31 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (each year before we sell or otherwise dispose of the BankMobile business. If we are unable to complete the sale or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (disposition of BankMobile before exceeding the $10 billion total asset threshold, we would experience a significant reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (in BankMobile interchange fee income. Under federal law and regulation, we must remain under $10 billion in total assets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (December 31 of each year to qualify as a small issuer of debit cards and receive the optimal debit card processing fee. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (were to lose this status, BankMobile would operate unprofitably unless we were able to generate additional fees to replace the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (lost interchange fee revenue. ) Tj ET Q q 0 0 0 rg BT 166.89 310.10 Td (As a result, our inability to complete the sale of BankMobile to Flagship Bank or otherwise in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (timely manner could materially and adversely af) Tj ET Q q 0 0 0 rg BT 243.63 298.10 Td (fect our financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Completion of the proposed sale of BankMobile is subject to a number of important conditions, some of which are not in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Customers) Tj ET Q q 0 0 0 rg BT 96.49 262.10 Td ( control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Completion of the proposed sale of BankMobile to Flagship Bank is subject to the fulfillment, or waiver \(where permitted\) of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (variety of conditions to closing. Certain of those conditions to closing are not within our control. If any of these conditions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (not fulfilled and the parties refuse to waive, or cannot waive, those conditions, we will be unable to complete the proposed sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (The significant conditions to completing the propose sale include the receipt of all necessary regulatory approvals, the approval ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (by Flagship Bank) Tj ET Q q 0 0 0 rg BT 123.33 190.10 Td (s shareholders of certain matters relating to the proposed sale, and Flagship obtaining financing in an amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (not less than $260 million.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 154.10 Td (e have broad discretion in using the net proceeds from the proposed sale of BankMobile and may use the proceeds in ways ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (with which you may not agree and in ways that may not enhance our operating results or the value of our securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Our management will retain broad discretion over the use of the net proceeds received on closing of the proposed sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (BankMobile, and we may ultimately use the proceeds in ways that do not improve our results of operations or enhance the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (value of our common and preferred stock or otherwise in ways with which you do not agree. If we do not invest or apply the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (proceeds ef) Tj ET Q q 0 0 0 rg BT 95.63 82.10 Td (fectively and on a timely basis, it could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 359.51 82.10 Td (fect on our business and could cause the value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (our securities to decline.) 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 proposed sale of BankMobile, whether or not consummated, may adversely af) Tj ET Q q 0 0 0 rg BT 387.87 742.25 Td (fect our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Our announcement of the proposed sale of BankMobile and steps we take to complete the sale may adversely af) Tj ET Q q 0 0 0 rg BT 498.01 718.25 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (relationships with BankMobile) Tj ET Q q 0 0 0 rg BT 176.66 706.25 Td (s current and potential higher education institutions customers and our BankMobile employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (and could result in the loss of customers and key employees. Further) Tj ET Q q 0 0 0 rg BT 323.98 694.25 Td (, the actions needed to complete the sale of BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (may result in the diversion of our management) Tj ET Q q 0 0 0 rg BT 239.67 682.25 Td (s attention from Customers) Tj ET Q q 0 0 0 rg BT 350.86 682.25 Td ( day-to-day operations generally) Tj ET Q q 0 0 0 rg BT 479.88 682.25 Td (, which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 670.25 Td (fect Customers) Tj ET Q q 0 0 0 rg BT 161.25 670.25 Td ( business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Certain terms of our agreement with Flagship Bank may expose us to significant liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 622.25 Td (e have agreed to indemnify Flagship Bank and its directors and of) Tj ET Q q 0 0 0 rg BT 322.00 622.25 Td (ficers against losses and liabilities incurred by them in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (connection with the proposed sale and to indemnify them and certain others in connection with certain additional matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (relating to the proposed sale. In addition, we have agreed to obtain, at our expense, director and of) Tj ET Q q 0 0 0 rg BT 445.24 598.25 Td (ficer liability insurance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (the benefit of Flagship Bank) Tj ET Q q 0 0 0 rg BT 166.65 586.25 Td (s directors and of) Tj ET Q q 0 0 0 rg BT 235.61 586.25 Td (ficers to cover them for similar losses and liabilities. ) Tj ET Q q 0 0 0 rg BT 449.73 586.25 Td (Although our agreement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (provide indemnification is subject to certain limitations and exceptions, including limitations on the dollar amount of losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (payable by us, significant indemnification claims by Flagship Bank or its directors and of) Tj ET Q q 0 0 0 rg BT 407.52 562.25 Td (ficers or other indemnitees could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (materially and adversely af) Tj ET Q q 0 0 0 rg BT 158.38 550.25 Td (fect our financial condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (If we are unable to complete the sale of BankMobile in a timely fashion, or at all, we will continue to face the risks and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (challenges associated with the BankMobile business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (If we do not complete the proposed sale of BankMobile to Flagship Bank in a timely fashion, or at all, we will continue to face ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (the risks and challenges associated with the BankMobile business, including those relating to the integration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Disbursement business, described in this Risk Factors discussion and elsewhere in this ) Tj ET Q q 0 0 0 rg BT 398.02 466.25 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 524.21 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 532.85 466.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (cannot assure you that we will be able to address and manage these risks so as to preserve or increase the value of BankMobile, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (and any failure to preserve or increase the value of BankMobile could adversely af) Tj ET Q q 0 0 0 rg BT 380.52 442.25 Td (fect the business of Customers as a whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (and our ability to sell or otherwise dispose of BankMobile in an alternative transaction on favorable terms or at all.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Risks Related to the Bancorp) Tj ET Q q 0 0 0 rg BT 177.40 394.25 Td (s Banking Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (If our allowance for loan losses is insuf) Tj ET Q q 0 0 0 rg BT 212.91 376.25 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 50.00 352.25 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 50.00 340.25 Td (with its terms or that any underlying collateral will not be suf) Tj ET Q q 0 0 0 rg BT 295.04 340.25 Td (ficient to assure repayment. ) Tj ET Q q 0 0 0 rg BT 407.88 340.25 Td (This risk is af) Tj ET Q q 0 0 0 rg BT 462.41 340.25 Td (fected by) Tj ET Q q 0 0 0 rg BT 498.69 340.25 Td (, among other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (things:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 309.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 309.05 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 88.05 291.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 291.05 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 88.05 273.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 273.05 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 88.05 255.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 255.05 Td (the duration of the loan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 237.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 237.05 Td (the credit history of a particular borrower; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 219.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 219.05 Td (changes in economic and industry conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 195.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 195.05 Td (, the Bancorp) Tj ET Q q 0 0 0 rg BT 197.46 195.05 Td (s allowance for loan losses totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 195.05 Td ($37.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.75 195.05 Td (, which represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.73 195.05 Td (0.61%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.56 195.05 Td ( of total loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.05 Td (held for investment. Management makes various assumptions and judgments about the collectability of our loan portfolio, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (including the creditworthiness of our borrowers and the probability of making payment, as well as the value of real estate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.05 Td (other assets serving as collateral for the repayment of many of our loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.05 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 50.00 123.05 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 50.00 111.05 Td (loans, trends in risk ratings, trends in industry and Customers char) Tj ET Q q 0 0 0 rg BT 314.78 111.05 Td (ge-of) Tj ET Q q 0 0 0 rg BT 335.70 111.05 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 99.05 Td (general economic and business conditions af) Tj ET Q q 0 0 0 rg BT 228.38 99.05 Td (fecting our lending areas and the national economy) Tj ET Q q 0 0 0 rg BT 432.38 99.05 Td (. If our assumptions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.05 Td (incorrect, our allowance for loan losses may not be suf) Tj ET Q q 0 0 0 rg BT 268.64 87.05 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 75.05 Td (additions to the allowance.) 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 (Management reviews and re-estimates the allowance for loan losses quarterly) Tj ET Q q 0 0 0 rg BT 359.51 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 363.96 742.10 Td (Additions to our allowance for loan losses as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 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 50.00 706.10 Td (losses by recognizing additional provisions for loan losses char) Tj ET Q q 0 0 0 rg BT 302.55 706.10 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 50.00 694.10 Td (recognizing loan char) Tj ET Q q 0 0 0 rg BT 136.45 694.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 157.36 694.10 Td (fs, net of recoveries. ) Tj ET Q q 0 0 0 rg BT 240.66 694.10 Td (Any such additional provisions for loan losses or char) Tj ET Q q 0 0 0 rg BT 456.00 694.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 476.92 694.10 Td (fs, as required by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (these regulatory agencies, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 284.98 682.10 Td (fect on our financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Our emphasis on commercial, multi-family/commercial real estate and mortgage warehouse lending may expose us to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (increased lending risks.) 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 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 50.00 610.10 Td (banking businesses. Commercial loans, including multi-family and commercial real estate loans, can expose a lender to risk of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (non-payment and loss because repayment of the loans often depends on the successful operation of a business or property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (the borrower) Tj ET Q q 0 0 0 rg BT 101.74 586.10 Td () Tj ET Q q 0 0 0 rg BT 104.52 586.10 Td (s cash flows. Such loans typically involve lar) Tj ET Q q 0 0 0 rg BT 284.86 586.10 Td (ger loan balances to single borrowers or groups of related borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (compared to one- to four) Tj ET Q q 0 0 0 rg BT 149.21 574.10 Td (-family residential mortgage loans. In addition, we may need to increase our allowance for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (in the future to account for an increase in probable credit losses associated with such loans. ) Tj ET Q q 0 0 0 rg BT 416.27 562.10 Td (Also, we expect that many of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (commercial borrowers will have more than one loan outstanding with us. Consequently) Tj ET Q q 0 0 0 rg BT 399.27 550.10 Td (, an adverse development with respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (to one loan or one credit relationship can expose us to a significantly greater risk of loss compared to an adverse development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (with respect to a one- to four) Tj ET Q q 0 0 0 rg BT 165.32 526.10 Td (-family residential mortgage loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (As a lender to mortgage banking businesses, we provide financing to mortgage bankers by purchasing, subject to resale under a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (master repurchase agreement, the underlying residential mortgages on a short-term basis pending the ultimate sale of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (mortgages to investors. ) Tj ET Q q 0 0 0 rg BT 145.36 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.00 478.10 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 50.00 466.10 Td (bankruptcy and possible default by the borrower) Tj ET Q q 0 0 0 rg BT 243.43 466.10 Td (, closing agents, and the residential borrower on the underlying mortgage, any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (of which could result in credit losses. ) Tj ET Q q 0 0 0 rg BT 201.46 454.10 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 50.00 442.10 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 50.00 430.10 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 50.00 418.10 Td (mortgage loan, or in the settlement processes. ) Tj ET Q q 0 0 0 rg BT 234.67 418.10 Td (As discussed in NOTE 22 LOSS CONTINGENCY) Tj ET Q q 0 0 0 rg BT 446.44 418.10 Td (, in first quarter 2013, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (suspected fraud was discovered in the Bank) Tj ET Q q 0 0 0 rg BT 227.72 406.10 Td (s held-for) Tj ET Q q 0 0 0 rg BT 266.12 406.10 Td (-sale loan portfolio. ) Tj ET Q q 0 0 0 rg BT 346.66 406.10 Td (Additional fraudulent transactions could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 394.10 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 50.00 370.10 Td (Our lending to commercial mortgage businesses is a significant part of our assets and earnings. ) Tj ET Q q 0 0 0 rg BT 432.50 370.10 Td (This business is subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (cyclicality of the mortgage lending business, and volumes are likely to decline if interest rates increase, generally) Tj ET Q q 0 0 0 rg BT 502.52 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.97 358.10 Td (A) Tj ET Q q 0 0 0 rg BT 513.64 358.10 Td ( decline in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (the rate of growth, volume or profitability of this business unit, or a loss of its leadership could adversely af) Tj ET Q q 0 0 0 rg BT 480.00 346.10 Td (fect our results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (operations and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 310.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 310.10 Td (, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.29 310.10 Td ($8.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.40 310.10 Td ( in commercial loans outstanding, composing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.80 310.10 Td (96.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.63 310.10 Td ( of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (total loan portfolio, which includes loans held for sale.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Decreased origination, volume and pricing decisions of competitors may adversely af) Tj ET Q q 0 0 0 rg BT 398.96 274.10 Td (fect our profitability) Tj ET Q q 0 0 0 rg BT 481.35 274.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 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 50.00 238.10 Td (residential mortgage loans in the future. ) Tj ET Q q 0 0 0 rg BT 211.71 238.10 Td (The Bank also began selling recent multi-family loan originations to third parties in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (third quarter 2014. Changes in market interest rates and pricing decisions by our loan competitors may adversely af) Tj ET Q q 0 0 0 rg BT 513.85 226.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 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 50.00 202.10 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 50.00 190.10 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 50.00 178.10 Td (other rule changes that could af) Tj ET Q q 0 0 0 rg BT 175.60 178.10 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 50.00 166.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 166.10 Td (ficult to operate a residential mortgage origination business or sell multi-family loans.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Federal Home Loan Bank of Pittsburgh may not pay dividends or repurchase capital stock in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (On December23, 2008, the Federal Home Loan Bank of Pittsbur) Tj ET Q q 0 0 0 rg BT 310.87 718.25 Td (gh \(FHLB\) announced that it would voluntarily suspend the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (payment of dividends and the repurchase of excess capital stock until further notice. ) Tj ET Q q 0 0 0 rg BT 388.59 706.25 Td (The FHLB announced at that time that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (expected its ability to pay dividends and add to retained earnings to be significantly curtailed due to low short-term interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (rates, an increased cost of maintaining liquidity) Tj ET Q q 0 0 0 rg BT 239.02 682.25 Td (, other than temporary impairment char) Tj ET Q q 0 0 0 rg BT 396.00 682.25 Td (ges, and constrained access to debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (markets at attractive rates. ) Tj ET Q q 0 0 0 rg BT 157.27 670.25 Td (While the FHLB resumed payment of dividends and capital stock repurchases in 2012, capital stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (repurchases from member banks are reviewed on a quarterly basis by the FHLB, and there is no guarantee that such dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (and capital stock repurchases will continue in the future. ) Tj ET Q q 0 0 0 rg BT 277.71 646.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 646.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.73 646.25 Td (, the Bank held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.77 646.25 Td ($51.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.67 646.25 Td ( of FHLB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (capital stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (The fair value of our investment securities can fluctuate due to market conditions. ) Tj ET Q q 0 0 0 rg BT 390.19 610.25 Td (Adverse economic performance can lead ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (to adverse security performance and other-than-temporary impairment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 574.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 574.25 Td (, the fair value of our investment securities portfolio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.13 574.25 Td ($493.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.02 574.25 Td (. ) Tj ET Q q 0 0 0 rg BT 445.84 574.25 Td (W) Tj ET Q q 0 0 0 rg BT 454.48 574.25 Td (e have historically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (followed a conservative investment strategy) Tj ET Q q 0 0 0 rg BT 225.41 562.25 Td (, with concentrations in securities that are backed by government sponsored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (enterprises. In the future, we may seek to increase yields through more aggressive strategies, which may include a greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (percentage of corporate securities, structured credit products or non-agency mortgage backed securities. Factors beyond our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (control can significantly influence the fair value of securities in our portfolio and can cause potential adverse changes to the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (value of these securities. ) Tj ET Q q 0 0 0 rg BT 150.62 514.25 Td (These factors include, but are not limited to, rating agency actions in respect of the securities, defaults ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (by the issuer or with respect to the underlying securities, and changes in market interest rates and continued instability in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (capital markets. ) Tj ET Q q 0 0 0 rg BT 115.25 490.25 Td (Any of these factors, among others, such as a change in management's intent to hold the securities until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (recovery in fair value, could cause other) Tj ET Q q 0 0 0 rg BT 210.56 478.25 Td (-than-temporary impairments and realized and/or unrealized losses in future periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (and declines in other comprehensive income, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 388.85 466.25 Td (fect on us. ) Tj ET Q q 0 0 0 rg BT 432.54 466.25 Td (The process for determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (whether impairment of a security is other) Tj ET Q q 0 0 0 rg BT 214.75 454.25 Td (-than-temporary usually requires complex, subjective judgments about the future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (financial performance and liquidity of the issuer and any collateral underlying the security in order to assess the probability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (receiving all contractual principal and interest payments on the security) Tj ET Q q 0 0 0 rg BT 335.08 430.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (At December 31, 2016, management evaluated its equity holdings issued by Religare Enterprises Limited for other) Tj ET Q q 0 0 0 rg BT 509.40 406.25 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (temporary impairment. Because management no longer has the intent to hold these securities until a recovery in fair value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Customers recorded an other) Tj ET Q q 0 0 0 rg BT 165.04 382.25 Td (-than-temporarily impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.56 382.25 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.45 382.25 Td ( in fourth quarter 2016 for the full amount of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (decline in fair value below the cost basis. ) Tj ET Q q 0 0 0 rg BT 219.77 370.25 Td (The fair value of the equity securities at December 31, 2016 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.28 370.25 Td ($15.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.17 370.25 Td ( became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (the new cost basis of the securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Changes to estimates and assumptions made by management in preparing financial statements could adversely af) Tj ET Q q 0 0 0 rg BT 517.07 334.25 Td (fect the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 88.15 322.25 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 50.00 298.25 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 497.94 298.25 Td (s consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (financial statements could adversely af) Tj ET Q q 0 0 0 rg BT 205.31 286.25 Td (fect the reported amounts of assets and liabilities and the reported amounts of income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (and expenses. ) Tj ET Q q 0 0 0 rg BT 107.86 274.25 Td (The preparation of the Bancorp) Tj ET Q q 0 0 0 rg BT 236.14 274.25 Td (s consolidated financial statements requires management to make certain critical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (accounting estimates and assumptions that could af) Tj ET Q q 0 0 0 rg BT 254.77 262.25 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 50.00 250.25 Td (of income and expense during the reporting periods. Changes to management) Tj ET Q q 0 0 0 rg BT 364.91 250.25 Td (s assumptions or estimates could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 238.25 Td (fect Customers' business, 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 50.00 214.25 Td (Changes in accounting standards and policies can be dif) Tj ET Q q 0 0 0 rg BT 282.63 214.25 Td (ficult to predict and can materially impact how we record and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (report our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Our accounting policies and methods are fundamental to how we record and report our financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (operations. From time to time, the F) Tj ET Q q 0 0 0 rg BT 193.69 166.25 Td (ASB or the SEC changes the financial accounting and reporting standards or the policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (that govern the preparation of our financial statements. ) Tj ET Q q 0 0 0 rg BT 271.68 154.25 Td (These changes can be dif) Tj ET Q q 0 0 0 rg BT 372.01 154.25 Td (ficult to predict and can materially impact how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (we record and report our financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 331.95 142.25 Td (W) Tj ET Q q 0 0 0 rg BT 340.59 142.25 Td (e could be required to apply new or revised guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 108.77 130.25 Td (, which may result in the revision of prior period financial statements by material amounts. ) Tj ET Q q 0 0 0 rg BT 474.33 130.25 Td (The implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (of new or revised accounting guidance could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 336.08 118.25 Td (fect on our financial results or net worth. Notably) Tj ET Q q 0 0 0 rg BT 535.93 118.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (F) Tj ET Q q 0 0 0 rg BT 54.82 106.25 Td (ASB recently issued a new framework for estimating the allowance for loan and lease losses which could significantly alter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (the current estimate as well as other elements of the U.S. banking model.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Downgrades in U.S. Government and federal agency securities could adversely af) Tj ET Q q 0 0 0 rg BT 385.35 742.25 Td (fect Customers Bancorp and the Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The long-term impact of the downgrade of the U.S. Government and federal agencies from an ) Tj ET Q q 0 0 0 rg BT 427.92 718.25 Td (AAA) Tj ET Q q 0 0 0 rg BT 449.04 718.25 Td ( to an ) Tj ET Q q 0 0 0 rg BT 473.20 718.25 Td (AA+ credit rating is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (still uncertain. However) Tj ET Q q 0 0 0 rg BT 145.96 706.25 Td (, in addition to causing economic and financial market disruptions, the downgrade, and any future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (downgrades and/or failures to raise the U.S. debt limit if necessary in the future, could, among other things, materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 682.25 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 50.00 670.25 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 50.00 658.25 Td (terms, as well as have other material adverse ef) Tj ET Q q 0 0 0 rg BT 238.90 658.25 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 50.00 646.25 Td (particular) Tj ET Q q 0 0 0 rg BT 87.91 646.25 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 50.00 634.25 Td (income markets, adversely af) Tj ET Q q 0 0 0 rg BT 166.99 634.25 Td (fecting the cost and availability of funding, which could negatively af) Tj ET Q q 0 0 0 rg BT 445.34 634.25 Td (fect profitability) Tj ET Q q 0 0 0 rg BT 509.94 634.25 Td (. ) Tj ET Q q 0 0 0 rg BT 514.39 634.25 Td (Also, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 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 50.00 610.25 Td (could adversely af) Tj ET Q q 0 0 0 rg BT 123.12 610.25 Td (fect its borrowers) Tj ET Q q 0 0 0 rg BT 195.68 610.25 Td ( ability to repay their loans.) 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 not be able to maintain consistent earnings or profitability) Tj ET Q q 0 0 0 rg BT 323.91 586.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Although we made a profit for the years of 201) Tj ET Q q 0 0 0 rg BT 238.18 562.25 Td (1 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.29 562.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.29 562.25 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 50.00 550.25 Td (profitable in future periods, or) Tj ET Q q 0 0 0 rg BT 170.40 550.25 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 50.00 538.25 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 50.00 526.25 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 50.00 514.25 Td (assets. If earnings do not grow proportionately with our assets or equity) Tj ET Q q 0 0 0 rg BT 335.96 514.25 Td (, our overall profitability may be adversely af) Tj ET Q q 0 0 0 rg BT 517.38 514.25 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Continued or worsening general business and economic conditions could materially and adversely af) Tj ET Q q 0 0 0 rg BT 465.41 490.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Our business and operations are sensitive to general business and economic conditions in the United States. If the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (economy experiences worsening conditions such as a recession, we could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 467.17 454.25 Td (fected. ) Tj ET Q q 0 0 0 rg BT 496.42 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 505.05 454.25 Td (eak economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 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 50.00 430.25 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 50.00 418.25 Td (price declines and lower home sales and commercial activity) Tj ET Q q 0 0 0 rg BT 292.59 418.25 Td (. ) Tj ET Q q 0 0 0 rg BT 297.04 418.25 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 50.00 406.25 Td (our business. Our business is also significantly af) Tj ET Q q 0 0 0 rg BT 247.02 406.25 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 50.00 394.25 Td (agencies and government-sponsored entities. ) Tj ET Q q 0 0 0 rg BT 231.34 394.25 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 50.00 382.25 Td (negative ef) Tj ET Q q 0 0 0 rg BT 93.96 382.25 Td (fect on Customers Bancorp.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 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 50.00 346.25 Td (local economies and depressed banking markets, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 417.03 346.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Our loan and deposit activities are lar) Tj ET Q q 0 0 0 rg BT 199.77 322.25 Td (gely based in the Northeast and Mid-Atlantic regions. ) Tj ET Q q 0 0 0 rg BT 416.66 322.25 Td (As a result, our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (performance depends upon economic conditions in this region. ) Tj ET Q q 0 0 0 rg BT 303.92 310.25 Td (This region experienced deteriorating local economic conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 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 50.00 286.25 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 433.57 286.25 Td (ge percentage of the loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (secured by real property) Tj ET Q q 0 0 0 rg BT 146.25 274.25 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 50.00 262.25 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 50.00 250.25 Td (be lessened.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 226.25 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 50.00 214.25 Td (transaction, repayment of the loan is dependent on the property generating suf) Tj ET Q q 0 0 0 rg BT 361.94 214.25 Td (ficient rental income to service the loan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Economic conditions may af) Tj ET Q q 0 0 0 rg BT 164.51 202.25 Td (fect the tenant) Tj ET Q q 0 0 0 rg BT 223.93 202.25 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 50.00 190.25 Td (to renew their leases, each of which may impact the debtor) Tj ET Q q 0 0 0 rg BT 285.56 190.25 Td () Tj ET Q q 0 0 0 rg BT 288.33 190.25 Td (s ability to make loan payments. Further) Tj ET Q q 0 0 0 rg BT 449.29 190.25 Td (, if expenses associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (with commercial properties increase dramatically) Tj ET Q q 0 0 0 rg BT 247.04 178.25 Td (, the tenant) Tj ET Q q 0 0 0 rg BT 293.97 178.25 Td (s ability to repay) Tj ET Q q 0 0 0 rg BT 360.25 178.25 Td (, and therefore the debtor) Tj ET Q q 0 0 0 rg BT 461.41 178.25 Td () Tj ET Q q 0 0 0 rg BT 464.18 178.25 Td (s ability to make timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (loan payments, could be adversely af) Tj ET Q q 0 0 0 rg BT 198.10 166.25 Td (fected. ) Tj ET Q q 0 0 0 rg BT 226.97 166.25 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 50.00 154.25 Td (our provision for loan losses and reduce our net income.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our business is highly susceptible to credit risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (As a lender) Tj ET Q q 0 0 0 rg BT 95.14 718.25 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 50.00 706.25 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 373.32 706.25 Td (ficient to assure repayment. ) Tj ET Q q 0 0 0 rg BT 486.15 706.25 Td (The risks inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 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 50.00 682.25 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 50.00 670.25 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 50.00 658.25 Td (to the future value of collateral. Similarly) Tj ET Q q 0 0 0 rg BT 215.13 658.25 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 50.00 646.25 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 50.00 634.25 Td (substantial credit losses.) 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 (, 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 50.00 598.25 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 514.68 598.25 Td (W) Tj ET Q q 0 0 0 rg BT 523.32 598.25 Td (e may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (also be subject to legal or regulatory requirements for restructured loans. ) Tj ET Q q 0 0 0 rg BT 343.05 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 352.09 586.25 Td (ith respect to restructured loans, we may grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (concessions to borrowers experiencing financial dif) Tj ET Q q 0 0 0 rg BT 256.14 574.25 Td (ficulties in order to facilitate repayment of the loan by areduction of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 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 50.00 550.25 Td (anextension of the maturity date.) 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 depend on our executive of) Tj ET Q q 0 0 0 rg BT 176.00 526.25 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 50.00 514.25 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 490.25 Td (e believe that the implementation of our strategy will depend in lar) Tj ET Q q 0 0 0 rg BT 325.32 490.25 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 50.00 478.25 Td (and our ability to motivate and retain these and other key personnel. ) Tj ET Q q 0 0 0 rg BT 324.09 478.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 373.42 478.25 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 50.00 466.25 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 466.25 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 50.00 454.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 454.25 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 472.33 454.25 Td (, we may not be able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (to recruit additional qualified personnel. ) Tj ET Q q 0 0 0 rg BT 213.10 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 221.74 442.25 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 50.00 430.25 Td (banking industry and that their knowledge and relationships would be very dif) Tj ET Q q 0 0 0 rg BT 362.81 430.25 Td (ficult to replicate. ) Tj ET Q q 0 0 0 rg BT 435.56 430.25 Td (Although our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 418.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 418.25 Td (, President, and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 217.24 418.25 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 50.00 406.25 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 50.00 382.25 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 50.00 370.25 Td (managers and private bankers who act as a customer) Tj ET Q q 0 0 0 rg BT 260.29 370.25 Td () Tj ET Q q 0 0 0 rg BT 263.07 370.25 Td (s point of contact to us. ) Tj ET Q q 0 0 0 rg BT 358.71 370.25 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 50.00 358.25 Td (undermine the confidence of our customers in our ability to provide such personalized services. ) Tj ET Q q 0 0 0 rg BT 434.42 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 443.06 358.25 Td (e need to continue to attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 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 50.00 334.25 Td (recruit these individuals in light of the value of the individuals) Tj ET Q q 0 0 0 rg BT 301.98 334.25 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 50.00 322.25 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 50.00 310.25 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 50.00 298.25 Td (growth strategy) Tj ET Q q 0 0 0 rg BT 111.84 298.25 Td (, business, financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 414.07 298.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Our success also depends on the experience of our branch managers and lending of) Tj ET Q q 0 0 0 rg BT 382.20 274.25 Td (ficers and on their relationships with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (customers and communities they serve. ) Tj ET Q q 0 0 0 rg BT 209.78 262.25 Td (The loss of these key personnel could negatively impact our banking operations. ) Tj ET Q q 0 0 0 rg BT 533.68 262.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 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 50.00 238.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 238.25 Td (fect on us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 214.25 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 50.00 202.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.96 202.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Commercial and consumer banking is highly competitive. Our markets contain a lar) Tj ET Q q 0 0 0 rg BT 385.84 178.25 Td (ge number of community and regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (banks as well as a significant presence of the country) Tj ET Q q 0 0 0 rg BT 265.21 166.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 281.96 166.25 Td (gest commercial banks. ) Tj ET Q q 0 0 0 rg BT 378.42 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 387.06 166.25 Td (e compete with other state and national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 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 50.00 142.25 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 50.00 130.25 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 50.00 118.25 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 50.00 106.25 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 94.25 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 82.25 Td (more ) Tj ET Q q 0 0 0 rg BT 72.50 82.25 Td (A) Tj ET Q q 0 0 0 rg BT 78.61 82.25 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 70.25 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 58.25 Td (increase their market share.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 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 50.00 718.10 Td (consolidation of certain competing financial institutions may adversely af) Tj ET Q q 0 0 0 rg BT 344.18 718.10 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 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 706.10 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 50.00 694.10 Td (footprint by of) Tj ET Q q 0 0 0 rg BT 108.14 694.10 Td (fering competitive rates, as well as non-banks to of) Tj ET Q q 0 0 0 rg BT 312.07 694.10 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 50.00 682.10 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 50.00 674.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 662.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 662.90 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 515.60 662.90 Td (, personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 650.90 Td (service, ef) Tj ET Q q 0 0 0 rg BT 146.95 650.90 Td (fective and ef) Tj ET Q q 0 0 0 rg BT 201.18 650.90 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 88.05 632.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 632.90 Td (the scope, relevance and competitive pricing of products and services of) Tj ET Q q 0 0 0 rg BT 394.37 632.90 Td (fered to meet customer needs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 620.90 Td (demands;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 602.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 602.90 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 106.05 590.90 Td (representatives;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 572.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 572.90 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 88.05 554.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 554.90 Td (the ability to expand our market position;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 536.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 536.90 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 88.05 518.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 518.90 Td (the ability to operate our business ef) Tj ET Q q 0 0 0 rg BT 250.83 518.90 Td (fectively and ef) Tj ET Q q 0 0 0 rg BT 312.84 518.90 Td (ficiently) Tj ET Q q 0 0 0 rg BT 345.51 518.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.90 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 50.00 482.90 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 482.90 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 458.90 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 50.00 446.90 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 446.90 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 50.00 434.90 Td (by us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.90 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 50.00 398.90 Td (directly af) Tj ET Q q 0 0 0 rg BT 90.63 398.90 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 50.00 386.90 Td (business and finance, legislation and regulation af) Tj ET Q q 0 0 0 rg BT 249.48 386.90 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 50.00 374.90 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 50.00 362.90 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 50.00 350.90 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 50.00 338.90 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 50.00 314.90 Td (Our earnings and cash flows lar) Tj ET Q q 0 0 0 rg BT 176.72 314.90 Td (gely depend upon the level of our net interest income, which is the dif) Tj ET Q q 0 0 0 rg BT 456.46 314.90 Td (ference between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.90 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 50.00 290.90 Td (liabilities, such as deposits and borrowings. Because dif) Tj ET Q q 0 0 0 rg BT 273.39 290.90 Td (ferent types of assets and liabilities may react dif) Tj ET Q q 0 0 0 rg BT 468.70 290.90 Td (ferently and at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.90 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 278.90 Td (ferent times to market interest rate changes, changes in interest rates can increase or decrease our net interest income. ) Tj ET Q q 0 0 0 rg BT 532.48 278.90 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.90 Td (interest-bearing liabilities mature or reprice more quickly than interest earning assets in a period, an increase in interest rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.90 Td (would reduce net interest income. Similarly) Tj ET Q q 0 0 0 rg BT 224.30 254.90 Td (, when interest earning assets mature or reprice more quickly) Tj ET Q q 0 0 0 rg BT 467.45 254.90 Td (, and because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.90 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 50.00 230.90 Td (reduce net interest income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 206.90 Td (, changes in the level of market interest rates af) Tj ET Q q 0 0 0 rg BT 287.96 206.90 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 50.00 194.90 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 50.00 182.90 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 50.00 170.90 Td (percentage of the assets, both loans and investment securities, on our balance sheet. ) Tj ET Q q 0 0 0 rg BT 386.38 170.90 Td (W) Tj ET Q q 0 0 0 rg BT 395.01 170.90 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 50.00 158.90 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 486.88 158.90 Td (fect us. Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.90 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 50.00 134.90 Td (governmental and regulatory agencies, particularly the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 339.88 134.90 Td (Adverse changes in the Federal Reserve) Tj ET Q q 0 0 0 rg BT 502.88 134.90 Td (s interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.90 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 471.90 122.90 Td (fect us.) 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 /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 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 50.00 730.25 Td (failures, interruptions or breaches of security could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 372.03 730.25 Td (fect on us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 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 50.00 694.25 Td (telecommunications systems and third-party servicers. ) Tj ET Q q 0 0 0 rg BT 269.76 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 278.40 694.25 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 50.00 682.25 Td (servicing and deposit processing systems. ) Tj ET Q q 0 0 0 rg BT 219.24 682.25 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 50.00 670.25 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 50.00 658.25 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 50.00 646.25 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 50.00 634.25 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 404.40 634.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 438.74 634.25 Td (, damage our reputation, result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 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 495.65 622.25 Td (, any of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.92 610.25 Td (fect on us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (In addition, we provide our customers with the ability to bank remotely) Tj ET Q q 0 0 0 rg BT 334.84 586.25 Td (, including online, over the Internet and over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (telephone. ) Tj ET Q q 0 0 0 rg BT 93.69 574.25 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 50.00 562.25 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 50.00 550.25 Td (security breaches. ) Tj ET Q q 0 0 0 rg BT 123.95 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 132.59 550.25 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 50.00 538.25 Td (breaches and computer viruses, or to alleviate problems caused by security breaches or viruses. ) Tj ET Q q 0 0 0 rg BT 433.02 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 438.43 538.25 Td (o the extent that our activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 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 50.00 514.25 Td (viruses could expose us to claims, regulatory scrutiny) Tj ET Q q 0 0 0 rg BT 263.75 514.25 Td (, litigation and other possible liabilities. ) Tj ET Q q 0 0 0 rg BT 424.29 514.25 Td (Any inability to prevent security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 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 50.00 490.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 490.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 466.25 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 50.00 454.25 Td (customers competitively) Tj ET Q q 0 0 0 rg BT 147.38 454.25 Td (, and in a cost-ef) Tj ET Q q 0 0 0 rg BT 213.56 454.25 Td (ficient manner) Tj ET Q q 0 0 0 rg BT 271.19 454.25 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 50.00 442.25 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 50.00 430.25 Td (technology and may be better equipped to market new technology-driven products and services. ) Tj ET Q q 0 0 0 rg BT 436.36 430.25 Td (The ability to keep pace with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 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 50.00 406.25 Td (on our financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Loss of, or failure to adequately safeguard, confidential or proprietary information may adversely af) Tj ET Q q 0 0 0 rg BT 462.30 382.25 Td (fect the Bancorp) Tj ET Q q 0 0 0 rg BT 533.21 382.25 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (operations, net income or reputation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 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 50.00 334.25 Td (customers, employees and others. ) Tj ET Q q 0 0 0 rg BT 187.01 334.25 Td (This information is necessary for the conduct of the Bancorp) Tj ET Q q 0 0 0 rg BT 432.77 334.25 Td (s business activities, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 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 50.00 310.25 Td (receiving instructions and af) Tj ET Q q 0 0 0 rg BT 163.39 310.25 Td (fecting transactions for those customers and other users of the Bancorp) Tj ET Q q 0 0 0 rg BT 449.98 310.25 Td (s products and services. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 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 50.00 286.25 Td (and stores proprietary) Tj ET Q q 0 0 0 rg BT 136.54 286.25 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 50.00 274.25 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 50.00 262.25 Td (Bancorp.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Information security risks have generally increased in recent years because of the proliferation of new technologies and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (increased sophistication and activities of perpetrators of cyber) Tj ET Q q 0 0 0 rg BT 297.76 226.25 Td (-attacks. ) Tj ET Q q 0 0 0 rg BT 333.31 226.25 Td (A) Tj ET Q q 0 0 0 rg BT 339.98 226.25 Td ( failure in or breach of the Bancorp) Tj ET Q q 0 0 0 rg BT 483.53 226.25 Td (s operational or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (information security systems, or those of the Bancorp) Tj ET Q q 0 0 0 rg BT 267.18 214.25 Td (s third-party service providers, as a result of cyber) Tj ET Q q 0 0 0 rg BT 467.74 214.25 Td (-attacks or information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (security breaches or due to employee error) Tj ET Q q 0 0 0 rg BT 220.08 202.25 Td (, malfeasance or other disruptions could adversely af) Tj ET Q q 0 0 0 rg BT 430.93 202.25 Td (fect our business, result in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 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 50.00 178.25 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 50.00 166.25 Td (the Bancorp) Tj ET Q q 0 0 0 rg BT 101.37 166.25 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 50.00 154.25 Td (for the Bancorp.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 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 50.00 118.25 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 50.00 106.25 Td (confidential or proprietary information could occur) Tj ET Q q 0 0 0 rg BT 254.25 106.25 Td (, for example, if the confidential or proprietary information were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 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 82.25 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 70.25 Td (information on the Bancorp) Tj ET Q q 0 0 0 rg BT 163.58 70.25 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 58.25 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 46.25 Td (process, transmit or store the information.) 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 (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 50.00 730.10 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 50.00 718.10 Td (misuse or loss of the information will not occur) Tj ET Q q 0 0 0 rg BT 239.57 718.10 Td (, or that if mishandling, misuse or loss of the information did occur) Tj ET Q q 0 0 0 rg BT 507.46 718.10 Td (, those events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (would be promptly detected and addressed. ) Tj ET Q q 0 0 0 rg BT 225.23 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 275.13 706.10 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 50.00 694.10 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 50.00 682.10 Td (investigate and remediate any information security vulnerabilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Our directors and executive of) Tj ET Q q 0 0 0 rg BT 174.80 658.10 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 50.00 646.10 Td (not have the opportunity to evaluate and af) Tj ET Q q 0 0 0 rg BT 226.77 646.10 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 50.00 634.10 Td (transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 610.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 610.10 Td (, the directors and executive of) Tj ET Q q 0 0 0 rg BT 276.13 610.10 Td (ficers of Customers Bancorp as a group owned a total of 2,051,523 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (shares of ) Tj ET Q q 0 0 0 rg BT 88.14 598.10 Td (V) Tj ET Q q 0 0 0 rg BT 94.07 598.10 Td (oting Common Stock and exercisable options and warrants to purchase up to an additional 1,086,718 shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 586.10 Td (oting Common Stock, which potentially gives them, as a group, the ability to control approximately 10.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.03 586.10 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.03 586.10 Td ( of the issued and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.98 574.10 Td (V) Tj ET Q q 0 0 0 rg BT 104.92 574.10 Td (oting Common Stock.In addition, a director of Customers Bank who is not a director of Customers Bancorp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (owns an additional 14,706 shares of ) Tj ET Q q 0 0 0 rg BT 196.18 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 202.11 562.10 Td (oting Common Stock, which if combined with the directors and of) Tj ET Q q 0 0 0 rg BT 467.72 562.10 Td (ficers of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Bancorp, potentially gives them, as a group, the ability to control approximately 10.05% of the issued and outstanding ) Tj ET Q q 0 0 0 rg BT 525.28 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 531.21 550.10 Td (oting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Common Stock. ) Tj ET Q q 0 0 0 rg BT 117.32 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 125.96 538.10 Td (e believe ownership of stock causes directors and of) Tj ET Q q 0 0 0 rg BT 334.04 538.10 Td (ficers to have the same interests as shareholders, but it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (also gives them the ability to vote as shareholders for matters that are in their personal interest, which may be contrary to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (wishes of other shareholders. Shareholders will not necessarily be provided with an opportunity to evaluate the specific merits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (or risks of one or more tar) Tj ET Q q 0 0 0 rg BT 154.23 502.10 Td (get institutions. ) Tj ET Q q 0 0 0 rg BT 217.85 502.10 Td (Any decision regarding a potential investment or acquisition transaction will be made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (by our board of directors. Except in limited circumstances as required by applicable law) Tj ET Q q 0 0 0 rg BT 401.45 490.10 Td (, consummation of an acquisition will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (not require the approval of holders of ) Tj ET Q q 0 0 0 rg BT 201.71 478.10 Td (V) Tj ET Q q 0 0 0 rg BT 207.65 478.10 Td (oting Common Stock. ) Tj ET Q q 0 0 0 rg BT 297.66 478.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 346.99 478.10 Td (, the shareholder may not have an opportunity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (evaluate and af) Tj ET Q q 0 0 0 rg BT 110.34 466.10 Td (fect the investment decision regarding potential investment or acquisition transactions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 442.10 Td (e intend to engage in acquisitions of other businesses from time to time. These acquisitions may not produce revenue or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (earnings enhancements or cost savings at levels, or within timeframes, originally anticipated and may result in unforeseen ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (integration dif) Tj ET Q q 0 0 0 rg BT 108.99 418.10 Td (ficulties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 394.10 Td (e 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 50.00 382.10 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 50.00 370.10 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 50.00 358.10 Td (the aggregate, have a material ef) Tj ET Q q 0 0 0 rg BT 179.74 358.10 Td (fect on our operating results and financial condition, including short and long-term liquidity) Tj ET Q q 0 0 0 rg BT 546.51 358.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 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 487.22 346.10 Td (V) Tj ET Q q 0 0 0 rg BT 493.15 346.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Stock in a purchase transaction, which could dilute current shareholders) Tj ET Q q 0 0 0 rg BT 340.27 334.10 Td ( value or ownership interest. ) Tj ET Q q 0 0 0 rg BT 456.17 334.10 Td (These activities could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 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 50.00 310.10 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 483.83 310.10 Td (ge against our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (earnings, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 248.91 298.10 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 50.00 286.10 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 50.00 278.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 266.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 266.90 Td (incurring time and expense associated with identifying and evaluating potential acquisitions and negotiating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 254.90 Td (terms of potential transactions, resulting in our attention being diverted from the operation of our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 242.90 Td (business;) 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 (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 106.05 212.90 Td (respect to the tar) Tj ET Q q 0 0 0 rg BT 172.23 212.90 Td (get institution or assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 194.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 194.90 Td (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 88.05 176.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 176.90 Td (being required to expend time and expense to integrate the operations and personnel of the combined businesses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 158.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 158.90 Td (experiencing higher operating expenses relative to operating income from the new operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 140.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 140.90 Td (creating an adverse short-term ef) Tj ET Q q 0 0 0 rg BT 237.47 140.90 Td (fect on our results of operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 122.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 122.90 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 88.05 104.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 104.90 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 92.90 Td (acquired into our financial and customer product systems.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 426.76 670.10 Td (, at least in the near term, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (materially adversely af) Tj ET Q q 0 0 0 rg BT 141.44 658.10 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 50.00 646.10 Td (to have such ef) Tj ET Q q 0 0 0 rg BT 110.07 646.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 133.77 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.41 646.10 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 50.00 634.10 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 50.00 622.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 622.10 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 50.00 610.10 Td (and maintain market value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Our business and future success may suf) Tj ET Q q 0 0 0 rg BT 218.18 586.10 Td (fer if we are unable to remain under $10 billion in total assets as of December 31 ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (of each year before we sell or otherwise dispose of the BankMobile business, including the Disbursement business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Under federal law and regulation, we must remain under $10 billion in total assets as of December 31 of each year to qualify as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (a small issuer of debit cards and receive the optimal debit card processing fee. Failure to qualify for the small issuer exception ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (would result in a significant reduction in interchange fee income and would mean we would operate unprofitably or additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (fees would need to be char) Tj ET Q q 0 0 0 rg BT 156.72 514.10 Td (ged to students to replace the lost revenue. ) Tj ET Q q 0 0 0 rg BT 328.98 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 334.39 514.10 Td (o optimize the value of the Customers franchise to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (shareholders, we have stated our intention to sell BankMobile before crossing the $10 billion total asset threshold. Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (conditions, regulatory and legal conditions, BankMobile) Tj ET Q q 0 0 0 rg BT 278.57 490.10 Td (s performance and other factors, some of which are not in our control, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (may limit, delay or prevent our planned sale, and prevent us from remaining under the $10 billion total asset threshold before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (the planned disposition. ) Tj ET Q q 0 0 0 rg BT 149.72 466.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 199.05 466.10 Td (, this could materially and adversely af) Tj ET Q q 0 0 0 rg BT 354.10 466.10 Td (fect our financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (operations.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.58 394.10 Td (future ) Tj ET Q q 0 0 0 rg BT 95.50 394.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 126.86 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.23 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.59 394.10 Td (BankMobile ) Tj ET Q q 0 0 0 rg BT 207.63 394.10 Td (business ) Tj ET Q q 0 0 0 rg BT 244.55 394.10 Td (depends, ) Tj ET Q q 0 0 0 rg BT 282.86 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.67 394.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 314.76 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.79 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.16 394.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 372.75 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.56 394.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 406.58 394.10 Td (into ) Tj ET Q q 0 0 0 rg BT 425.17 394.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 473.74 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.56 394.10 Td (higher ) Tj ET Q q 0 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BT 532.92 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.35 382.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.45 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 78.79 370.10 Td (able ) Tj ET Q q 0 0 0 rg BT 97.34 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.01 370.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 143.90 370.10 Td (these ) Tj ET Q q 0 0 0 rg BT 166.34 370.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 196.70 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 205.34 370.10 Td (e ) Tj ET Q q 0 0 0 rg BT 211.68 370.10 Td (may ) Tj ET Q q 0 0 0 rg BT 230.79 370.10 Td (also ) Tj ET Q q 0 0 0 rg BT 248.79 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.13 370.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 288.68 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.35 370.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 335.24 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.47 370.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 397.89 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.57 370.10 Td (these ) Tj ET Q q 0 0 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(relationships ) Tj ET Q q 0 0 0 rg BT 403.61 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.15 358.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 450.45 358.10 Td (education ) Tj ET Q q 0 0 0 rg BT 491.08 358.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 533.40 358.10 Td (clients. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.57 346.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 117.70 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.05 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.41 346.10 Td (current ) Tj ET Q q 0 0 0 rg BT 176.75 346.10 Td (client ) Tj ET Q q 0 0 0 rg BT 201.99 346.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 241.11 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.47 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.82 346.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 305.18 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.99 346.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 353.45 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.25 346.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 392.26 346.10 Td (new ) Tj ET Q q 0 0 0 rg BT 411.94 346.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 441.07 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 466.32 346.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.22 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.68 346.10 Td (material ) Tj ET Q q 0 0 0 rg BT 531.47 346.10 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 334.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.57 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.40 334.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 142.29 334.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.78 334.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 220.05 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.99 334.10 Td (results ) Tj ET Q q 0 0 0 rg BT 265.60 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.43 334.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Establishing new client relationships and maintaining current ones are also essential components of our strategy for attracting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (new student customers, deepening the relationship we have with existing customers and maximizing customer usage of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (products and services. ) Tj ET Q q 0 0 0 rg BT 140.53 286.10 Td (A) Tj ET Q q 0 0 0 rg BT 147.20 286.10 Td ( reduction in enrollment, a failure to attract and maintain student customers, as well as any future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (demographic or other trends that reduce the number of higher education students could materially and adversely af) Tj ET Q q 0 0 0 rg BT 508.54 274.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (BankMobile's capability for both revenue and cash generation and, as a result, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 493.95 262.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (business, financial condition and results of operations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (BankMobile's Disbursement business depends on the current government financial aid regime that relies on the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (outsourcing of financial aid disbursements through higher education institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (In general, the U.S. federal government distributes financial aid to students through higher education institutions as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (intermediaries. BankMobile's Disbursement business provides our higher education institution clients an electronic system for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (improving the administrative ef) Tj ET Q q 0 0 0 rg BT 176.18 166.10 Td (ficiency of this refund disbursement process. If the government, through legislation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (regulatory action, restructures the existing financial aid regime in such a way that reduces or eliminates the intermediary role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (played by financial institutions serving higher education institutions or limits or regulates the role played by service providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (such as us, our business, results of operations and BankMobile's prospects for future growth could be materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 118.10 Td (fected.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 742.25 Td ( change in the availability of financial aid, as well as U.S. budget constraints, could materially and adversely af) Tj ET Q q 0 0 0 rg BT 513.16 742.25 Td (fect our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (financial performance by reducing demand for BankMobile's services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The higher education industry depends heavily upon the ability of students to obtain financial aid. ) Tj ET Q q 0 0 0 rg BT 443.24 706.25 Td (As part of our contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (our higher education institution clients that use BankMobile's Disbursement business services, students) Tj ET Q q 0 0 0 rg BT 465.44 694.25 Td ( financial aid and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (refunds are sent to us for disbursement. ) Tj ET Q q 0 0 0 rg BT 209.78 682.25 Td (The fees that we char) Tj ET Q q 0 0 0 rg BT 295.11 682.25 Td (ge most of our Disbursement business higher education institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (clients are based on the number of financial aid disbursements that we make to students. In addition, our relationships with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Disbursement business higher education institution clients provide us with a market for BankMobile. Consequently) Tj ET Q q 0 0 0 rg BT 510.94 658.25 Td (, a change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (the availability or amount of financial aid that restricted client use of our Disbursement business service or otherwise limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (our ability to attract new higher education institution clients could materially and adversely af) Tj ET Q q 0 0 0 rg BT 424.98 634.25 Td (fect our financial performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Also, decreases in the amount of financial aid disbursements from higher education institutions to students could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 610.25 Td (fect our financial performance. Future legislative and executive branch ef) Tj ET Q q 0 0 0 rg BT 391.97 610.25 Td (forts to reduce the U.S. federal budget ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (deficit or worsening economic conditions may require the government to severely curtail its financial aid spending, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (could materially and adversely af) Tj ET Q q 0 0 0 rg BT 183.10 586.25 Td (fect our business, financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Providing disbursement services to higher education institutions is an uncertain business; if the market for BankMobile's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (products does not continue to develop, we will not be able to grow this portion of our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (The success of BankMobile's Disbursement business will depend, in part, on our ability to generate revenues by providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (financial transaction services to higher education institutions and their students. ) Tj ET Q q 0 0 0 rg BT 370.57 514.25 Td (The market for these services has evolved and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (the long-term viability and profitability of this market is unproven. Our business will be materially and adversely af) Tj ET Q q 0 0 0 rg BT 512.49 502.25 Td (fected if we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (do not develop and market products and services that achieve and maintain market acceptance. Outsourcing disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (services may not become as widespread in the higher education industry as we anticipate, and our products and services may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (not achieve continued commercial success. In addition, higher education institution clients could discontinue using our services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (and return to in-house disbursement solutions. If outsourcing disbursement services does not become as widespread as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (anticipate or if higher education institution clients return to their prior methods of disbursement, our growth prospects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.05 Td (business, financial condition and results of operations could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 412.21 429.05 Td (fected.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 439.14 429.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 395.05 Td (Our business will suf) Tj ET Q q 0 0 0 rg BT 136.80 395.05 Td (fer if we fail to successfully integrate the Disbursement businesses and technologies or to appropriately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 383.05 Td (assess the risks associated with that transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.05 Td (The successful integration of the Disbursement business, on a cost-ef) Tj ET Q q 0 0 0 rg BT 326.42 359.05 Td (fective basis, may be critical to our future performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.05 Td (There are a number of risks and uncertainties associated with such integration, including: we may not be able to achieve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.05 Td (expected syner) Tj ET Q q 0 0 0 rg BT 109.51 335.05 Td (gies and operating ef) Tj ET Q q 0 0 0 rg BT 192.91 335.05 Td (ficiencies regarding the Disbursement business acquisition within the expected time-frames ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.05 Td (or at all and to successfully integrate the Disbursement business operations; such integration may be more dif) Tj ET Q q 0 0 0 rg BT 487.49 323.05 Td (ficult, time-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.05 Td (consuming or costly than expected; we may not be successful in converting new clients gained through the acquisition to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.05 Td (own; revenues following the transaction may be lower than expected; operating costs, client and customer loss and business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.05 Td (disruption \(including, dif) Tj ET Q q 0 0 0 rg BT 150.09 287.05 Td (ficulties in maintaining relationships with employees, customers, clients or suppliers\) may be greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.05 Td (than expected following the acquisition; we may have dif) Tj ET Q q 0 0 0 rg BT 279.19 275.05 Td (ficulty retaining certain key employees in the acquired Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.05 Td (business; we may be subject to legal proceedings that may be instituted against the parties and others related to the acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.05 Td (agreement; and the amount of the costs, fees, expenses and char) Tj ET Q q 0 0 0 rg BT 305.28 251.05 Td (ges related to the acquisition may be greater than anticipated. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.05 Td (we do not successfully integrate the Disbursement business, or if the benefits of this transaction do not meet the expectations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.05 Td (financial or industry analysts, the market price of our common stock may decline. Even if we successfully integrate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.05 Td (Disbursement business, we may incur substantial expenses and devote significant management time and resources in seeking to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.05 Td (complete the integration and the acquired Disbursement business may not perform as we expect or enhance the value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.05 Td (business as a whole.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (In addition, our higher education institution clients and student BankMobile account holders disclose to us certain personally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (identifiable information, including student contact information, identification numbers and the amount of credit balances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (which they expect we will maintain in confidence. It is possible that hackers, customers or employees acting unlawfully or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (contrary to our policies, or other individuals, could improperly access our or our vendors) Tj ET Q q 0 0 0 rg BT 407.77 358.10 Td ( systems and obtain or disclose data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (about our customers. 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In addition, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (customers could be subject to scams that may result in the release of suf) Tj ET Q q 0 0 0 rg BT 337.79 226.10 Td (ficient information concerning themselves or their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (accounts to allow others unauthorized access to their accounts or our systems \(e.g., phishing and smishing\). Claims for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (compensatory or other damages may be brought against us as a result of a breach of our systems or fraudulent activity) Tj ET Q q 0 0 0 rg BT 521.43 202.10 Td (. If we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (unsuccessful in defending against any resulting claims against us, we may be forced to pay damages, which could materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and adversely af) Tj ET Q q 0 0 0 rg BT 115.34 178.10 Td (fect our financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Because the techniques used to obtain unauthorized access, disable or degrade service, or sabotage systems change frequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (and often are not recognized until launched against a tar) Tj ET Q q 0 0 0 rg BT 273.89 142.10 Td (get, we may be unable to anticipate these techniques or to implement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (adequate preventative measures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Further) Tj ET Q q 0 0 0 rg BT 79.04 106.10 Td (, computer viruses or malware could infiltrate our systems, thus disrupting our delivery of services and making our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (applications unavailable. ) Tj ET Q q 0 0 0 rg BT 151.36 94.10 Td (Although we utilize several preventative and detective security controls in our network, they may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (inef) Tj ET Q q 0 0 0 rg BT 65.37 82.10 Td (fective in preventing computer viruses or malware that could damage our relationships with our merchant customers, cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (a decrease in transactions by individual cardholders, or cause us to be in non-compliance with applicable network rules and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td () 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In addition, a significant incident of fraud or an increase in fraud levels generally involving our products could result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (reputational damage to us, which could reduce the use of our products and services. Such incidents could also lead to a lar) Tj ET Q q 0 0 0 rg BT 538.28 730.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (financial loss as a result of the protection for unauthorized purchases we provide to BankMobile customers given that we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (be liable for any uncollectible account holder overdrafts and any other losses due to fraud or theft. Such incidents of fraud ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (could also lead to regulatory intervention, which could increase our compliance costs. Compliance with the various complex ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (laws and regulations is costly and time consuming, and failure to comply could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 473.58 682.10 Td (fect on our business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 670.10 Td (, increased regulatory requirements on our services may increase our costs, which could materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 658.10 Td (fect our business, financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 310.03 658.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 359.37 658.10 Td (, account data breaches and related fraudulent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (activity could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 211.41 646.10 Td (fect on our future growth prospects, business, financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 610.10 Td ( disruption to our systems or infrastructure could damage our reputation, expose us to legal liability) Tj ET Q q 0 0 0 rg BT 453.71 610.10 Td (, cause us to lose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (customers and revenue, result in the unintentional disclosure of confidential information or require us to expend significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 586.10 Td (forts and resources or incur significant expense to eliminate these problems and address related data and security concerns. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The harm to our business could be even greater if such an event occurs during a period of disproportionately heavy demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (our products or services or traf) Tj ET Q q 0 0 0 rg BT 172.83 562.10 Td (fic on our systems or networks.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Prior to our acquisition of the Disbursement business,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.82 538.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.32 538.10 Td (the Federal Reserve Board and FDIC took regulatory enforcement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (action against Higher One, which subjected us to regulatory inquiry and potential regulatory enforcement action, which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (may result in liabilities adversely af) Tj ET Q q 0 0 0 rg BT 195.64 514.10 Td (fecting our business, financial conditions and/or results of operations, or in reputational ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (harm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.17 478.10 Td (August 2013 until the acquisition of the Disbursement business, Customers provided deposit accounts and services to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (college students through Higher One, which had 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 50.00 454.10 Td (One) Tj ET Q q 0 0 0 rg BT 69.44 454.10 Td (s technological services. Because Higher One was not a bank, it had to partner with one or more banks to provide the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (deposit accounts and services to students. Higher One and one of Higher One) Tj ET Q q 0 0 0 rg BT 362.42 442.10 Td (s former bank partners \(the predecessor bank\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (announced in May 2014 that the Federal Reserve Board notified them that certain disclosures and operating processes of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (entities may have violated certain laws and regulations and may result in penalties and restitution. In May 2014, the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Reserve also informed Customers, as one of Higher One) Tj ET Q q 0 0 0 rg BT 278.55 406.10 Td (s bank partners, that it was recommending a regulatory enforcement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (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 50.00 370.10 Td (In July 2014, the predecessor bank referenced above, which no longer is a partner with Higher One, entered into a consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (order to cease and desist with the Federal Reserve Board pursuant to which it agreed to pay a total of $3.5 million in civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (money penalties and an additional amount that it may be required to pay in restitution to students in the event Higher One is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (unable to pay the restitution obligations, if any) Tj ET Q q 0 0 0 rg BT 235.98 334.10 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 50.00 322.10 Td (the circumstances of its relationship with Higher One and the student customers are dif) Tj ET Q q 0 0 0 rg BT 397.78 322.10 Td (ferent than the relationship between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (predecessor bank and Higher One and the student customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (In December 2015, Higher One entered into consent orders with both the Federal Reserve Board and the FDIC. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (consent order with the Federal Reserve Board, Higher One agreed to pay $2.2 million in civil money penalties, and $24 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (in restitution to students. Under the consent order with the FDIC, Higher One agreed to pay an additional $2.2 million in civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (money penalties, and $31 million in restitution to students. In addition, a third partner bank, which is regulated by the FDIC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (also entered into a consent order to cease and desist with the FDIC pursuant to which it agreed to pay $1.8 million in civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (money penalties and an additional amount in restitution to students in the event Higher One is unable to meet its restitution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (obligation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Customers believes that it identified key critical alleged compliance deficiencies within 30 days of first accepting deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (through its relationship with Higher One, and caused such deficiencies to be remediated within approximately 120 days. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (addition, Customers understands that the total amount of fees that Higher One collected from students who opened accounts at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Customers during the relevant time period is substantially less than the total fees that Higher One collected from students who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (opened deposit accounts at the other partner banks during the relevant time period. In addition, as Higher One paid the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (restitution, and deposited such monies to pay the required restitution, Customers does not expect that backup restitution will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Nonetheless, as previously disclosed, Customers had been in discussions with the Federal Reserve Board regarding these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (matters from 2013 and in an ef) Tj ET Q q 0 0 0 rg BT 173.12 82.10 Td (fort to move forward, on December 6, 2016, Customers agreed to the issuance by the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Reserve Board of a combined Order to Cease and Desist and Order of ) Tj ET Q q 0 0 0 rg BT 331.30 70.10 Td (Assessment of a Civil Money Penalty Issued Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Consent Pursuant to the Federal Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 254.68 58.10 Td (Act, as amended \(the "Order"\) and agreed to a penalty of $960,000. ) 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 (Customers remains subject to the jurisdiction and examination of the Federal Reserve Board and further action could be taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (to the extent we do not comply with the terms of the Order or if the Federal Reserve Board were to identify additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (violations of applicable laws and regulations. ) Tj ET Q q 0 0 0 rg BT 233.01 718.10 Td (Any further action could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 438.29 718.10 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (conditions and/or results of operations, or our reputation. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 682.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 103.94 682.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 117.96 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.04 682.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 167.12 682.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 180.59 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.55 682.10 Td (MasterCard ) Tj ET Q q 0 0 0 rg BT 249.19 682.10 Td (association ) Tj ET Q q 0 0 0 rg BT 298.50 682.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 349.47 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 375.44 682.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 420.29 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.04 682.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 480.54 682.10 Td (af) Tj ET Q q 0 0 0 rg BT 488.69 682.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 506.86 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.50 682.10 Td (business, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.73 670.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 131.12 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.18 670.10 Td (results ) Tj ET Q q 0 0 0 rg BT 178.92 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.75 670.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.92 646.10 Td (student ) Tj ET Q q 0 0 0 rg BT 97.17 646.10 Td (checking ) Tj ET Q q 0 0 0 rg BT 134.63 646.10 Td (account ) Tj ET Q q 0 0 0 rg BT 167.10 646.10 Td (debit ) Tj ET Q q 0 0 0 rg BT 188.46 646.10 Td (cards ) Tj ET Q q 0 0 0 rg BT 210.93 646.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 237.30 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.44 646.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 291.68 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.83 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.42 646.10 Td (Disbursement ) Tj ET Q q 0 0 0 rg BT 381.33 646.10 Td (business ) Tj ET Q q 0 0 0 rg BT 416.59 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.17 646.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 459.86 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.01 646.10 Td (MasterCard ) Tj ET Q q 0 0 0 rg BT 517.58 646.10 Td (association ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 72.79 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 91.14 634.10 Td (could ) Tj ET Q q 0 0 0 rg BT 116.71 634.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 148.38 634.10 Td (us ) Tj ET Q q 0 0 0 rg BT 160.63 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.76 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.55 634.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 210.66 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.35 634.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 245.14 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.82 634.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 295.71 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 314.06 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.63 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 347.42 634.10 Td (levied ) Tj ET Q q 0 0 0 rg BT 375.21 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 388.56 634.10 Td (MasterCard ) Tj ET Q q 0 0 0 rg BT 439.12 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.13 634.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 473.03 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.71 634.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 528.07 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 541.42 634.10 Td (us ) Tj ET Q q 0 0 0 rg BT 553.67 634.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 94.46 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.69 622.10 Td (work ) Tj ET Q q 0 0 0 rg BT 134.48 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 154.50 622.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 167.97 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 185.76 622.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 234.09 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.66 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.12 622.10 Td (card ) Tj ET Q q 0 0 0 rg BT 278.56 622.10 Td (association ) Tj ET Q q 0 0 0 rg BT 325.24 622.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 373.02 622.10 Td (held ) Tj ET Q q 0 0 0 rg BT 392.47 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 404.71 622.10 Td (us ) Tj ET Q q 0 0 0 rg BT 415.84 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.41 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 443.09 622.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 477.53 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.55 622.10 Td (card ) Tj ET Q q 0 0 0 rg BT 507.00 622.10 Td (association ) Tj ET Q q 0 0 0 rg BT 553.67 622.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.77 610.10 Td (network ) Tj ET Q q 0 0 0 rg BT 107.75 610.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 129.41 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.96 610.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 182.44 610.10 Td (including ) Tj ET Q q 0 0 0 rg BT 222.44 610.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 278.52 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.18 610.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 360.16 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.71 610.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 404.59 610.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 426.25 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.80 610.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 479.28 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 496.50 610.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 531.47 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.90 610.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.51 598.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 87.46 598.10 Td (business ) Tj ET Q q 0 0 0 rg BT 124.53 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.04 598.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 158.10 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.61 598.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 203.34 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.29 598.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 248.02 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.52 598.10 Td (products ) Tj ET Q q 0 0 0 rg BT 302.14 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.75 598.10 Td (services ) Tj ET Q q 0 0 0 rg BT 355.13 598.10 Td (could ) Tj ET Q q 0 0 0 rg BT 380.53 598.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 424.24 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.86 598.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 483.35 598.10 Td (af) Tj ET Q q 0 0 0 rg BT 490.94 598.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 509.10 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.60 598.10 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 586.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 127.75 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.69 586.10 Td (results ) Tj ET Q q 0 0 0 rg BT 173.30 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.13 586.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Our business and future success may suf) Tj ET Q q 0 0 0 rg BT 218.18 562.10 Td (fer if we are unable to continue to successfully implement our strategy for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (BankMobile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 75.63 526.10 Td (fective use of technology can increase ef) Tj ET Q q 0 0 0 rg BT 238.15 526.10 Td (ficiency and enable financial institutions to better serve customers and to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (costs. However) Tj ET Q q 0 0 0 rg BT 111.25 514.10 Td (, some new technologies, including BankMobile, are not fully tested and we may incur substantial expenses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (devote significant management time and resources in order for BankMobile to compete ef) Tj ET Q q 0 0 0 rg BT 409.70 502.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 444.03 502.10 Td (. Revenue generated from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (BankMobile) Tj ET Q q 0 0 0 rg BT 102.77 490.10 Td (s no fee or very low fee banking strategy may not perform as well as we expect or enhance the value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (business as a whole and it could materially and adversely af) Tj ET Q q 0 0 0 rg BT 289.19 478.10 Td (fect our financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 502.74 478.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 552.64 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (if the benefits of BankMobile do not meet the expectations of financial or industry analysts, the market price of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (stock may decline. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 50.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 406.10 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 50.00 394.10 Td (other businesses. Generally) Tj ET Q q 0 0 0 rg BT 159.04 394.10 Td (, any acquisition of tar) Tj ET Q q 0 0 0 rg BT 248.56 394.10 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 50.00 382.10 Td (require approval by) Tj ET Q q 0 0 0 rg BT 127.65 382.10 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 50.00 370.10 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 50.00 358.10 Td (consider) Tj ET Q q 0 0 0 rg BT 83.48 358.10 Td (, among other factors:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 350.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 338.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 338.90 Td (the ef) Tj ET Q q 0 0 0 rg BT 128.35 338.90 Td (fect of the acquisition on competition;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 320.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 320.90 Td (the financial condition, liquidity) Tj ET Q q 0 0 0 rg BT 234.26 320.90 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 106.05 308.90 Td (bank\(s\) involved;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 290.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 290.90 Td (the quantity and complexity of previously consummated acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 272.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 272.90 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 88.05 254.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 254.90 Td (the convenience and needs of the community) Tj ET Q q 0 0 0 rg BT 285.89 254.90 Td (, including the record of performance under the Community ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 242.90 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 162.99 242.90 Td (Act \(CRA\);) 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 (the ef) Tj ET Q q 0 0 0 rg BT 128.35 224.90 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 88.05 206.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 206.90 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 106.05 194.90 Td (States banking or financial system.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.90 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 50.00 158.90 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 50.00 146.90 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 50.00 134.90 Td (reduce the benefit of any acquisition.) 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 /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 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 (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 (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 523.70 610.10 Td (ficult for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 50.00 574.10 Td (Our near) Tj ET Q q 0 0 0 rg BT 85.06 574.10 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 50.00 562.10 Td (receivership. ) Tj ET Q q 0 0 0 rg BT 103.68 562.10 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 50.00 550.10 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 471.64 550.10 Td () Tj ET Q q 0 0 0 rg BT 474.42 550.10 Td (s downside risk on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 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 50.00 526.10 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 50.00 514.10 Td (there is little or no addition to goodwill arising from an FDIC-assisted acquisition. ) Tj ET Q q 0 0 0 rg BT 381.44 514.10 Td (The bidding process for failing banks could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (become very competitive, and the increased competition may make it more dif) Tj ET Q q 0 0 0 rg BT 364.15 502.10 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 50.00 490.10 Td (acceptable. Further) Tj ET Q q 0 0 0 rg BT 126.23 490.10 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 50.00 466.10 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 50.00 454.10 Td (the value predicted from these assets or that we will make suf) Tj ET Q q 0 0 0 rg BT 301.20 454.10 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 50.00 442.10 Td (estimate the future write-downs taken in respect of, these assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 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 50.00 406.10 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 50.00 394.10 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 50.00 382.10 Td (deterioration in economic conditions and subsequent declines in collateral values and credit quality indicators. ) Tj ET Q q 0 0 0 rg BT 492.92 382.10 Td (Any of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (events could adversely af) Tj ET Q q 0 0 0 rg BT 151.17 370.10 Td (fect the financial condition, liquidity) Tj ET Q q 0 0 0 rg BT 296.87 370.10 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 50.00 358.10 Td (business as a whole. Further) Tj ET Q q 0 0 0 rg BT 162.64 358.10 Td (, as a registered bank holding company) Tj ET Q q 0 0 0 rg BT 318.33 358.10 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 50.00 346.10 Td (to cross-guaranty liability under applicable banking law) Tj ET Q q 0 0 0 rg BT 272.62 346.10 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 50.00 334.10 Td (to one subsidiary) Tj ET Q q 0 0 0 rg BT 117.68 334.10 Td (, they may adversely af) Tj ET Q q 0 0 0 rg BT 210.51 334.10 Td (fect other subsidiaries. ) Tj ET Q q 0 0 0 rg BT 302.71 334.10 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 50.00 322.10 Td (that we will be able to sell assets of tar) Tj ET Q q 0 0 0 rg BT 204.50 322.10 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 50.00 310.10 Td (to do so. ) Tj ET Q q 0 0 0 rg BT 86.49 310.10 Td (The institutions we may tar) Tj ET Q q 0 0 0 rg BT 195.73 310.10 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 50.00 298.10 Td (marketability) Tj ET Q q 0 0 0 rg BT 102.67 298.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 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 487.07 274.10 Td (fs, restructuring ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (and impairment or other charges that could have a significant negative ef) Tj ET Q q 0 0 0 rg BT 352.88 262.10 Td (fect on our financial condition and results of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 226.10 Td (e conduct due diligence investigations of tar) Tj ET Q q 0 0 0 rg BT 235.07 226.10 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 50.00 214.10 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 50.00 202.10 Td (Even if extensive due diligence is conducted on a tar) Tj ET Q q 0 0 0 rg BT 260.58 202.10 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 50.00 190.10 Td (reveal all material issues that may af) Tj ET Q q 0 0 0 rg BT 195.87 190.10 Td (fect a particular tar) Tj ET Q q 0 0 0 rg BT 271.47 190.10 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 50.00 178.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 178.10 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 475.06 178.10 Td (get institution or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (environment in which the tar) Tj ET Q q 0 0 0 rg BT 165.34 166.10 Td (get institution operates, we may be forced to later write down or write of) Tj ET Q q 0 0 0 rg BT 455.63 166.10 Td (f assets, restructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (operations or incur impairment or other char) Tj ET Q q 0 0 0 rg BT 227.53 154.10 Td (ges that could result in reporting losses. ) Tj ET Q q 0 0 0 rg BT 388.44 154.10 Td (These char) Tj ET Q q 0 0 0 rg BT 431.84 154.10 Td (ges may also occur if we are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (successful in integrating and managing the operations of the tar) Tj ET Q q 0 0 0 rg BT 303.35 142.10 Td (get institution with which we combine. In addition, char) Tj ET Q q 0 0 0 rg BT 527.57 142.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 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 50.00 118.10 Td (debt held by a tar) Tj ET Q q 0 0 0 rg BT 119.24 118.10 Td (get institution or by virtue of obtaining debt financing.) 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 (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 50.00 730.25 Td (consummated, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 276.20 730.25 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 50.00 718.25 Td (business.) 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 58.64 694.25 Td (e anticipate that the investigation of each specific tar) Tj ET Q q 0 0 0 rg BT 268.92 694.25 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 50.00 682.25 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 50.00 670.25 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 50.00 658.25 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 50.00 646.25 Td (if an agreement is reached relating to a specific tar) Tj ET Q q 0 0 0 rg BT 251.66 646.25 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 50.00 634.25 Td (transaction for any number of reasons, including those beyond our control. ) Tj ET Q q 0 0 0 rg BT 350.76 634.25 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 50.00 622.25 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 464.42 622.25 Td (fect subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (attempts to locate and acquire or mer) Tj ET Q q 0 0 0 rg BT 198.09 610.25 Td (ge with another institution and our reported earnings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 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 50.00 574.25 Td (reduced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 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 50.00 538.25 Td (our tar) Tj ET Q q 0 0 0 rg BT 76.20 538.25 Td (get markets of southeastern Pennsylvania, New Jersey) Tj ET Q q 0 0 0 rg BT 292.43 538.25 Td (, New ) Tj ET Q q 0 0 0 rg BT 318.44 538.25 Td (Y) Tj ET Q q 0 0 0 rg BT 324.66 538.25 Td (ork, Maryland, Connecticut, ) Tj ET Q q 0 0 0 rg BT 440.01 538.25 Td (V) Tj ET Q q 0 0 0 rg BT 446.63 538.25 Td (ir) Tj ET Q q 0 0 0 rg BT 452.56 538.25 Td (ginia and Delaware. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (ability to open or acquire branches is subject to regulatory approvals. ) Tj ET Q q 0 0 0 rg BT 328.62 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 337.26 526.25 Td (e cannot predict whether the banking regulators will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 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 50.00 502.25 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 50.00 490.25 Td (qualified personnel, and the ef) Tj ET Q q 0 0 0 rg BT 171.16 490.25 Td (fectiveness of our marketing strategy) Tj ET Q q 0 0 0 rg BT 318.79 490.25 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 50.00 478.25 Td (deposits and loan volume to of) Tj ET Q q 0 0 0 rg BT 172.86 478.25 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 50.00 466.25 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 50.00 454.25 Td (to $250,000. ) Tj ET Q q 0 0 0 rg BT 102.23 454.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 152.13 454.25 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 50.00 442.25 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 50.00 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 418.25 Td (o the extent that we are unable to increase loans through organic loan growth, we may be unable to successfully ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (implement our growth strategy) Tj ET Q q 0 0 0 rg BT 176.03 406.25 Td (, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 345.00 406.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (In addition to growing our business through strategic acquisitions, we also intend to grow our business through or) Tj ET Q q 0 0 0 rg BT 504.76 382.25 Td (ganic loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (growth. ) Tj ET Q q 0 0 0 rg BT 83.15 370.25 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 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 50.00 346.25 Td (originations or if we do not grow the existing business lines, our results of operations and financial condition could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (negatively impacted.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 310.25 Td (e may not be able to ef) Tj ET Q q 0 0 0 rg BT 150.17 310.25 Td (fectively manage our growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Our future operating results and financial condition depend to a lar) Tj ET Q q 0 0 0 rg BT 316.95 286.25 Td (ge extent on our ability to successfully manage our growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Our growth has placed, and it may continue to place, significant demands on our operations and management. ) Tj ET Q q 0 0 0 rg BT 491.91 274.25 Td (Whether through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (additional acquisitions or or) Tj ET Q q 0 0 0 rg BT 161.74 262.25 Td (ganic growth, our current plan to expand our business is dependent upon our ability to:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 255.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 243.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 243.05 Td (continue to implement and improve our operational, credit underwriting and administration, financial, accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 231.05 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 85.60 219.05 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 67.60 201.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 201.05 Td (comply with changes in, and an increasing number of, laws, rules and regulations, including those of any national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 189.05 Td (securities exchange on which any of our securities become listed;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 171.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 171.05 Td (scale our technology and other systems) Tj ET Q q 0 0 0 rg BT 245.09 171.05 Td ( platforms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 153.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 153.05 Td (maintain and attract appropriate staf) Tj ET Q q 0 0 0 rg BT 229.80 153.05 Td (fing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 135.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 135.05 Td (operate profitably or raise capital; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 117.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 117.05 Td (support our asset growth with adequate deposits, funding and liquidity while maintaining our net interest mar) Tj ET Q q 0 0 0 rg BT 522.56 117.05 Td (gin and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 105.05 Td (meeting our customers) Tj ET Q q 0 0 0 rg BT 179.28 105.05 Td ( and regulators) Tj ET Q q 0 0 0 rg BT 241.29 105.05 Td ( liquidity requirements.) 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 (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 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 50.00 730.10 Td (underwriting and administration, internal and disclosure controls, and procedures and processes in an ef) Tj ET Q q 0 0 0 rg BT 464.98 730.10 Td (ficient or timely manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and may discover deficiencies in existing systems and controls. In particular) Tj ET Q q 0 0 0 rg BT 354.79 718.10 Td (, our controls and procedures must be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 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 50.00 694.10 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 50.00 682.10 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 445.50 682.10 Td (fectively manage and grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 486.34 670.10 Td (fected. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 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 50.00 646.10 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 50.00 634.10 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 50.00 622.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 622.10 Td (fect us. If we experience dif) Tj ET Q q 0 0 0 rg BT 209.83 622.10 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 50.00 610.10 Td (acquired businesses, the anticipated benefits of any particular acquisition may not be realized fully) Tj ET Q q 0 0 0 rg BT 443.66 610.10 Td (, or at all, or may take longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (to realize than expected. ) Tj ET Q q 0 0 0 rg BT 149.12 598.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 199.02 598.10 Td (, we may be unable to recognize syner) Tj ET Q q 0 0 0 rg BT 352.11 598.10 Td (gies, operating ef) Tj ET Q q 0 0 0 rg BT 421.07 598.10 Td (ficiencies and/or expected benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (within expected timeframes and cost projections, or at all. ) Tj ET Q q 0 0 0 rg BT 283.91 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 292.55 586.10 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 50.00 574.10 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 50.00 562.10 Td (which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 210.03 562.10 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (If our techniques for managing risk are inef) Tj ET Q q 0 0 0 rg BT 232.34 538.10 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 50.00 514.10 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 390.57 514.10 Td (fective policies, procedures and systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (that enable us to identify) Tj ET Q q 0 0 0 rg BT 148.21 502.10 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 50.00 490.10 Td (risks. Our risk management methods may prove to be inef) Tj ET Q q 0 0 0 rg BT 281.99 490.10 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 50.00 478.10 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 50.00 466.10 Td (management ef) Tj ET Q q 0 0 0 rg BT 111.18 466.10 Td (forts are inef) Tj ET Q q 0 0 0 rg BT 162.08 466.10 Td (fective, we could suf) Tj ET Q q 0 0 0 rg BT 245.20 466.10 Td (fer losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 431.60 466.10 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 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 50.00 442.10 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 50.00 430.10 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 50.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 406.10 Td (e are dependent upon maintaining an ef) Tj ET Q q 0 0 0 rg BT 222.98 406.10 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 50.00 394.10 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 50.00 382.10 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 50.00 370.10 Td (which could adversely af) Tj ET Q q 0 0 0 rg BT 151.75 370.10 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 50.00 358.10 Td (and regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Customers' system of internal controls, including internal controls over financial reporting, is an important element of our risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (management framework. Management regularly reviews and seeks to improve Customers) Tj ET Q q 0 0 0 rg BT 411.92 322.10 Td ( internal controls, including annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 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 523.17 310.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 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 50.00 286.10 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 50.00 274.10 Td (are met. ) Tj ET Q q 0 0 0 rg BT 84.15 274.10 Td (Any failure or circumvention of Customers) Tj ET Q q 0 0 0 rg BT 259.75 274.10 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 50.00 262.10 Td (controls and procedures, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 279.44 262.10 Td (fect on the Customers) Tj ET Q q 0 0 0 rg BT 369.51 262.10 Td ( operations, net income, financial condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (reputation and compliance with laws and regulations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 226.10 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 50.00 214.10 Td (business needs and fund our asset growth unless we maintain suf) Tj ET Q q 0 0 0 rg BT 318.78 214.10 Td (ficient liquidity) Tj ET Q q 0 0 0 rg BT 380.91 214.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Customers Bank must maintain suf) Tj ET Q q 0 0 0 rg BT 190.37 190.10 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 50.00 178.10 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 380.26 178.10 Td (This liquidity can be gathered in both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 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 50.00 142.10 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 102.87 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.28 142.10 Td (otal wholesale deposits including brokered and municipal deposits were 56.3.% of total deposits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.42 142.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 130.10 Td (. Our gross loan to deposit ratio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.42 130.10 Td (120.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.25 130.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 130.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.05 130.10 Td ( and our loan to deposit ratio excluding the mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (warehouse portfolio funded by short term FHLB borrowings was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.01 118.10 Td (89.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.84 118.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.06 118.10 Td (December31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.64 118.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.14 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.96 118.10 Td (Wholesale funding can cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (more than deposits generated from our traditional branch system and customer relationships and is subject to certain practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (limits such as our liquidity policy limits, our available collateral for FHLB borrowings capacity and Federal funds line limits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (with our lenders. ) Tj ET Q q 0 0 0 rg BT 119.43 82.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 169.34 82.10 Td (, regulators consider wholesale funding beyond certain points to be imprudent and might suggest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (that future asset growth be reduced or halted. In the absence of appropriate levels and mix of funding, we might need to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (interest-earning asset growth through the reduction of current production, sales of loans and/or the sale of participation interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (in future and current loans. ) Tj ET Q q 0 0 0 rg BT 160.34 46.10 Td (This might reduce our future growth and net income.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The amount of funds loaned to us is generally dependent on the value of the eligible collateral pledged and our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 92.59 730.10 Td (These lenders could reduce the percentages loaned against various collateral categories, eliminate certain types of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (collateral and otherwise modify or even terminate their loan programs, if further disruptions in the capital markets occur) Tj ET Q q 0 0 0 rg BT 530.40 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 534.84 718.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (change or termination of our borrowings from the FHLB or correspondent banks could have an adverse ef) Tj ET Q q 0 0 0 rg BT 474.14 706.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (profitability and financial condition, including liquidity) Tj ET Q q 0 0 0 rg BT 270.98 694.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 670.10 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 50.00 646.10 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 50.00 634.10 Td (deposits as a primary source of funding for our lending activities. ) Tj ET Q q 0 0 0 rg BT 313.64 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.28 634.10 Td (e expect that our future loan growth will lar) Tj ET Q q 0 0 0 rg BT 496.48 634.10 Td (gely depend on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 333.26 622.10 Td (41.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.09 622.10 Td ( of our deposit base as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.57 622.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 622.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (many of these deposits currently pay interest at above-market rates. ) Tj ET Q q 0 0 0 rg BT 321.85 598.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.29 598.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.88 598.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.88 598.10 Td ($2.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.99 598.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.82 598.10 Td (72.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 598.10 Td (,of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (total time deposits, are scheduled to mature through December 31, 2017. ) Tj ET Q q 0 0 0 rg BT 343.07 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 351.71 586.10 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 50.00 574.10 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 50.00 562.10 Td (due to changes in inflation, monetary policy) Tj ET Q q 0 0 0 rg BT 225.69 562.10 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 50.00 550.10 Td (deposits, which would increase our funding costs and compress our net interest mar) Tj ET Q q 0 0 0 rg BT 384.46 550.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 402.06 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 410.70 550.10 Td (e may not succeed in moving our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (deposits to lower yielding savings and transactions products, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 455.27 538.10 Td (fect us. In addition, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 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 374.89 526.10 Td (s non-interest transaction deposit guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 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 50.00 502.10 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 50.00 490.10 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 50.00 478.10 Td (are perceived as being more secure and/or higher yielding. Further) Tj ET Q q 0 0 0 rg BT 315.61 478.10 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 50.00 466.10 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 50.00 454.10 Td (risk/return tradeof) Tj ET Q q 0 0 0 rg BT 122.29 454.10 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 50.00 442.10 Td (increasing our funding costs and reducing our net interest income and net income. ) Tj ET Q q 0 0 0 rg BT 379.91 442.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 429.81 442.10 Td (, any such loss of funds could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (result in lower loan originations and growth, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 390.56 430.10 Td (fect our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (condition, including liquidity) Tj ET Q q 0 0 0 rg BT 166.29 418.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 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 50.00 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 370.10 Td (e expect to drive or) Tj ET Q q 0 0 0 rg BT 135.64 370.10 Td (ganic growth by employing our Concier) Tj ET Q q 0 0 0 rg BT 295.71 370.10 Td (ge Banking strategy) Tj ET Q q 0 0 0 rg BT 382.64 370.10 Td (, which provides specific relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (managers or private bankers for all customers. Many of our competitors provide similar services and others may replicate our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 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 534.19 346.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 334.10 Td (ficiently and extensively) Tj ET Q q 0 0 0 rg BT 155.24 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 160.06 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 165.47 334.10 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 50.00 322.10 Td (and our financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 341.11 322.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Competitors) Tj ET Q q 0 0 0 rg BT 102.59 298.10 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 542.93 298.10 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 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 50.00 262.10 Td (Our or) Tj ET Q q 0 0 0 rg BT 76.20 262.10 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 50.00 250.10 Td (includes remote account opening, remote deposit capture and mobile banking. ) Tj ET Q q 0 0 0 rg BT 364.72 250.10 Td (These technological advances, such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 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 50.00 226.10 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 50.00 214.10 Td (and may be better equipped to market new technology-driven products and services. ) Tj ET Q q 0 0 0 rg BT 389.43 214.10 Td (This may result in limiting, reducing or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (otherwise adversely af) Tj ET Q q 0 0 0 rg BT 139.78 202.10 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 50.00 190.10 Td (the extent we fail to keep pace with technological changes, or incur respectively lar) Tj ET Q q 0 0 0 rg BT 383.01 190.10 Td (ge expenses to implement technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (changes, our business, financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 400.27 178.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 154.10 Td (e may suf) Tj ET Q q 0 0 0 rg BT 97.41 154.10 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 50.00 130.10 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 50.00 118.10 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 50.00 106.10 Td (we invest, and may suf) Tj ET Q q 0 0 0 rg BT 141.74 106.10 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 94.10 Td (of distance, language barriers and potential lack of information \(for example, foreign institutions, including foreign financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (institutions, may not be obligated to provide as much information regarding their operations as those in the United States\). Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 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 58.10 Td (such an investment. In fourth quarter 2016, we announced our decision to exit our investment in Religare. ) Tj ET Q q 0 0 0 rg BT 475.45 58.10 Td (As a result of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (decision, we recorded an impairment loss of $7.3 million in earnings in fourth quarter 2016 and adjusted our cost basis of the ) 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 (Religare securities to their estimated fair value of $15.2 million at December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 401.93 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.34 742.10 Td (o the extent we are unable to exit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Religare investment as planned, and pursuant to the terms contemplated, further declines in the market price per share of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Religare common stock and adverse changes in foreign currency exchange rates, may have an adverse ef) Tj ET Q q 0 0 0 rg BT 469.08 718.10 Td (fect on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (condition and results of operations. ) 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 are required to hold capital for United States bank regulatory purposes to support our investment in Religare securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Under the newly adopted U.S. capital adequacy rules, which became ef) Tj ET Q q 0 0 0 rg BT 334.99 658.10 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 50.00 646.10 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 50.00 634.10 Td (adequacy rules, these investments are currently subject to risk weighting of 100% of the amount of the investment; however) Tj ET Q q 0 0 0 rg BT 545.85 634.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (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 50.00 610.10 Td (weightings of 300% may apply) Tj ET Q q 0 0 0 rg BT 174.33 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.78 610.10 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 50.00 598.10 Td (to support our United States operations or Customers Bank, if needed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Risks Relating to the Regulation of Our) Tj ET Q q 0 0 0 rg BT 218.71 574.10 Td ( Industry) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (The implementation of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 215.66 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 223.81 556.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 405.12 556.10 Td (Act of 2010 may have a material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 91.19 544.10 Td (fect on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (On July21, 2010, President Obama signed into law the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 324.51 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.14 520.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 508.11 520.10 Td (Act of 2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (\(which we refer to as the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 206.89 508.10 Td (Act\), which imposes significant regulatory and compliance changes. ) Tj ET Q q 0 0 0 rg BT 487.17 508.10 Td (The key ef) Tj ET Q q 0 0 0 rg BT 529.75 508.10 Td (fects of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 115.55 496.10 Td (Act on our business are:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 488.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 476.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 476.90 Td (changes to regulatory capital requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 458.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 458.90 Td (exclusion of hybrid securities, including trust preferred securities, issued on or after May19, 2010 from ) Tj ET Q q 0 0 0 rg BT 523.26 458.90 Td (T) Tj ET Q q 0 0 0 rg BT 529.02 458.90 Td (ier 1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 446.90 Td (capital;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 428.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 428.90 Td (creation of new government regulatory agencies \(such as the Financial Stability Oversight Council, which will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 416.90 Td (oversee systemic risk, and the Consumer Financial Protection Bureau, which will develop and enforce rules for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 404.90 Td (bank and non-bank providers of consumer financial products\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 386.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 386.90 Td (potential limitations on federal preemption;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 368.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 368.90 Td (changes to deposit insurance assessments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 350.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 350.90 Td (regulation of debit interchange fees we earn;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 332.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 332.90 Td (changes in retail banking regulations, including potential limitations on certain fees we may char) Tj ET Q q 0 0 0 rg BT 492.97 332.90 Td (ge; and) 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 (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 50.00 290.90 Td (In addition, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 164.15 290.90 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 50.00 278.90 Td (private equity or hedge funds. ) Tj ET Q q 0 0 0 rg BT 172.01 278.90 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 240.88 278.90 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 50.00 266.90 Td (institutions, their holding companies and their af) Tj ET Q q 0 0 0 rg BT 243.95 266.90 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 50.00 254.90 Td (principal positions in financial instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.90 Td (Some provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 195.83 230.90 Td (Act became ef) Tj ET Q q 0 0 0 rg BT 253.38 230.90 Td (fective immediately upon its enactment. Many provisions, however) Tj ET Q q 0 0 0 rg BT 522.64 230.90 Td (, still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.90 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 50.00 206.90 Td (proposed by the applicable federal agencies. ) Tj ET Q q 0 0 0 rg BT 229.46 206.90 Td (The provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 368.06 206.90 Td (Act may have unintended ef) Tj ET Q q 0 0 0 rg BT 480.61 206.90 Td (fects, which will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.90 Td (not be clear until implementation. ) Tj ET Q q 0 0 0 rg BT 187.56 194.90 Td (The changes resulting from the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 365.29 194.90 Td (Act could limit our business activities, require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.90 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 50.00 170.90 Td (otherwise materially and adversely af) Tj ET Q q 0 0 0 rg BT 199.76 170.90 Td (fect us. ) Tj ET Q q 0 0 0 rg BT 230.95 170.90 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 50.00 158.90 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 50.00 146.90 Td (comply with the new requirements could also materially and adversely af) Tj ET Q q 0 0 0 rg BT 343.06 146.90 Td (fect us. ) Tj ET Q q 0 0 0 rg BT 373.88 146.90 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 50.00 134.90 Td (interpretations could be materially adverse to investors in our ) Tj ET Q q 0 0 0 rg BT 297.80 134.90 Td (V) Tj ET Q q 0 0 0 rg BT 303.74 134.90 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 50.00 122.90 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 100.83 122.90 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 512.71 122.90 Td (Act.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 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 50.00 730.25 Td (noncompliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The Consumer Financial Protection Bureau issued a rule, ef) Tj ET Q q 0 0 0 rg BT 288.92 706.25 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 50.00 694.25 Td (they can avoid monetary damages under the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 279.38 694.25 Td (Act, which would hold lenders accountable for ensuring a borrower) Tj ET Q q 0 0 0 rg BT 550.21 694.25 Td () Tj ET Q q 0 0 0 rg BT 552.99 694.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 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 50.00 670.25 Td (the new ability-to-repay standard. Under the Consumer Financial Protection Bureau) Tj ET Q q 0 0 0 rg BT 388.24 670.25 Td (s rule, a qualified mortgage loan must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (not contain certain specified features, including but not limited to: \(i\)excessive upfront points and fees \(those exceeding 3% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (the total loan amount, less bona fide discount points for prime loans\); \(ii\)interest-only payments; \(iii\)negative-amortization; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and \(iv\)terms longer than 30 years. ) Tj ET Q q 0 0 0 rg BT 194.40 634.25 Td (Also, to qualify as a qualified mortgage, a borrower) Tj ET Q q 0 0 0 rg BT 410.81 634.25 Td () Tj ET Q q 0 0 0 rg BT 413.59 634.25 Td (s total monthly debt service-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 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 50.00 610.25 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 50.00 598.25 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 445.24 598.25 Td (The Consumer Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Protection Bureau) Tj ET Q q 0 0 0 rg BT 125.26 586.25 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 50.00 574.25 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 50.00 562.25 Td (our growth or profitability) Tj ET Q q 0 0 0 rg BT 154.61 562.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 538.25 Td (, on December10, 2013, five financial regulatory agencies, including our primary federal regulator) Tj ET Q q 0 0 0 rg BT 495.74 538.25 Td (, the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Reserve, adopted final rules \(the Final Rules\) implementing the so-called ) Tj ET Q q 0 0 0 rg BT 353.89 526.25 Td (V) Tj ET Q q 0 0 0 rg BT 359.82 526.25 Td (olcker Rule embodied in Section13 of the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Holding Company ) Tj ET Q q 0 0 0 rg BT 126.11 514.25 Td (Act, which was added by Section619 of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 355.79 514.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 375.05 514.25 Td (The Final Rules prohibit banking entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 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 50.00 490.25 Td (ownership interests in and relationships with hedge funds or private equity funds \(covered funds\). ) Tj ET Q q 0 0 0 rg BT 452.22 490.25 Td (The Final Rules are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 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 50.00 466.25 Td (and exclusions. ) Tj ET Q q 0 0 0 rg BT 113.97 466.25 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 50.00 454.25 Td (with the extent to which it engages in activities covered by the ) Tj ET Q q 0 0 0 rg BT 301.97 454.25 Td (V) Tj ET Q q 0 0 0 rg BT 307.90 454.25 Td (olcker Rule, which must include \(for the lar) Tj ET Q q 0 0 0 rg BT 482.67 454.25 Td (gest entities\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 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 494.16 442.25 Td (forded some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 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 50.00 418.25 Td (government, agency) Tj ET Q q 0 0 0 rg BT 130.43 418.25 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 50.00 406.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 89.03 406.25 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 50.00 394.25 Td (incorporate references to the ) Tj ET Q q 0 0 0 rg BT 166.42 394.25 Td (V) Tj ET Q q 0 0 0 rg BT 172.35 394.25 Td (olcker Rule into their existing policies and procedures. ) Tj ET Q q 0 0 0 rg BT 393.50 394.25 Td (The Final Rules were ef) Tj ET Q q 0 0 0 rg BT 489.40 394.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 518.55 394.25 Td (April1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 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 50.00 370.25 Td (Federal Reserve has announced its intention to further extend the conformance period until July 21, 2017. Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (continues to evaluate the Final Rules, which are lengthy and detailed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 334.25 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 50.00 322.25 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 50.00 310.25 Td (could materially and adversely af) Tj ET Q q 0 0 0 rg BT 186.46 310.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 286.25 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 50.00 274.25 Td (protect customers, depositors and the FDIC) Tj ET Q q 0 0 0 rg BT 226.64 274.25 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 50.00 262.25 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 50.00 250.25 Td (the dividends or distributions that we can pay) Tj ET Q q 0 0 0 rg BT 231.26 250.25 Td (, restrict the ability of our subsidiary bank to engage in transactions with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 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 50.00 226.25 Td (earlier char) Tj ET Q q 0 0 0 rg BT 95.06 226.25 Td (ges to earnings or reductions in our capital than generally accepted accounting principles. Compliance with laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (regulations can be dif) Tj ET Q q 0 0 0 rg BT 136.18 214.25 Td (ficult and costly) Tj ET Q q 0 0 0 rg BT 199.96 214.25 Td (, and changes to laws and regulations often impose additional compliance costs, and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (make certain products impermissible or uneconomic. Our failure to comply with these laws and regulations, even if the failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (follows good faith ef) Tj ET Q q 0 0 0 rg BT 133.41 190.25 Td (fort or reflects a dif) Tj ET Q q 0 0 0 rg BT 210.97 190.25 Td (ference in interpretation, could subject us to restrictions on our business activities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (reputational harm, fines and other penalties, any of which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 416.07 178.25 Td (fect us. Further) Tj ET Q q 0 0 0 rg BT 476.49 178.25 Td (, any new laws, rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (and regulations could make compliance more dif) Tj ET Q q 0 0 0 rg BT 245.31 166.25 Td (ficult or expensive and also materially and adversely af) Tj ET Q q 0 0 0 rg BT 466.15 166.25 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 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 50.00 130.25 Td (requirements and attention.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 106.25 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 94.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 81.47 94.25 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 82.25 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 70.25 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 58.25 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 58.25 Td (W) Tj ET Q q 0 0 0 rg BT 480.26 58.25 Td (e expect that our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (regulators will hold us responsible for deficiencies in our oversight and control of our third party relationships and in the ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (performance of the parties with which we have these relationships. ) Tj ET Q q 0 0 0 rg BT 319.08 742.10 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 50.00 730.10 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 50.00 718.10 Td (such third parties have not performed appropriately) Tj ET Q q 0 0 0 rg BT 254.83 718.10 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 50.00 706.10 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 50.00 694.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.92 694.10 Td (fect on our business, financial condition or results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 670.10 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 50.00 658.10 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 50.00 646.10 Td (adequately address any matters identified during our examinations could materially and adversely af) Tj ET Q q 0 0 0 rg BT 464.26 646.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 50.00 610.10 Td (applicable laws, regulations and policies applicable to the Bancorp and the Bank. Examination reports and ratings \(which often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (are not publicly available\) and other aspects of this supervisory framework can materially impact the conduct, or) Tj ET Q q 0 0 0 rg BT 500.49 598.10 Td (ganic and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 574.10 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 50.00 562.10 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 460.60 562.10 Td (, earnings prospects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (management, liquidity or other aspects of any of our operations had become unsatisfactory) Tj ET Q q 0 0 0 rg BT 412.29 550.10 Td (, or that the Bancorp or its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (management was in violation of any law) Tj ET Q q 0 0 0 rg BT 211.53 538.10 Td (, regulation or policy) Tj ET Q q 0 0 0 rg BT 294.75 538.10 Td (. Examples of those actions, conditions or limitations include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (enjoining unsafe or unsound practices, requiring af) Tj ET Q q 0 0 0 rg BT 262.25 526.10 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 50.00 514.10 Td (violation of law) Tj ET Q q 0 0 0 rg BT 112.67 514.10 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 50.00 502.10 Td (monetary penalties against our of) Tj ET Q q 0 0 0 rg BT 183.11 502.10 Td (ficers or directors, removing of) Tj ET Q q 0 0 0 rg BT 307.61 502.10 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 50.00 490.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 490.10 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 50.00 478.10 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 50.00 466.10 Td (branches, relocate, add subsidiaries and af) Tj ET Q q 0 0 0 rg BT 218.36 466.10 Td (filiates, expand into new financial activities or mer) Tj ET Q q 0 0 0 rg BT 421.44 466.10 Td (ge with or purchase other financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 99.27 454.10 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 50.00 442.10 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 50.00 430.10 Td (limitations on our business operations, is generally not within our control. ) Tj ET Q q 0 0 0 rg BT 347.84 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 356.47 430.10 Td (e also could suf) Tj ET Q q 0 0 0 rg BT 418.78 430.10 Td (fer reputational harm in the event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 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 50.00 406.10 Td (we could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 209.19 406.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 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 50.00 370.10 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 50.00 346.10 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 50.00 334.10 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 50.00 322.10 Td (services industry generally) Tj ET Q q 0 0 0 rg BT 156.54 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.36 322.10 Td (This focus has only intensified since the latest financial crisis, with regulators and prosecutors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (focusing on a variety of financial institution practices and requirements. ) Tj ET Q q 0 0 0 rg BT 340.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.64 310.10 Td (e may) Tj ET Q q 0 0 0 rg BT 372.15 310.10 Td (, from time to time, be the subject of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 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 50.00 286.10 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 50.00 274.10 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 50.00 262.10 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 50.00 250.10 Td (determined in our favor) Tj ET Q q 0 0 0 rg BT 144.29 250.10 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 50.00 238.10 Td (operation of our business. Further) Tj ET Q q 0 0 0 rg BT 184.85 238.10 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 50.00 226.10 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 50.00 214.10 Td (government agencies begin independent reviews of the same activities. ) Tj ET Q q 0 0 0 rg BT 336.02 214.10 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 50.00 202.10 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 50.00 190.10 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 357.74 190.10 Td (fect on our business, financial condition or results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (The FDIC) Tj ET Q q 0 0 0 rg BT 95.65 154.10 Td (s restoration plan and the related increased assessment rate could materially and adversely af) Tj ET Q q 0 0 0 rg BT 479.63 154.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (The FDIC insures deposits at FDIC-insured depository institutions up to applicable limits. ) Tj ET Q q 0 0 0 rg BT 412.85 130.10 Td (The amount of a particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 118.10 Td (s deposit insurance assessment is based on that institution) Tj ET Q q 0 0 0 rg BT 326.65 118.10 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 50.00 106.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 82.23 106.10 Td (An institution) Tj ET Q q 0 0 0 rg BT 140.29 106.10 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 94.10 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 82.10 Td (of reserves to insured deposits. ) Tj ET Q q 0 0 0 rg BT 175.53 82.10 Td (As a result of the enactment of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 366.31 82.10 Td (Act, the FDIC has increased the deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (insurance assessment rates and thus raised deposit insurance premiums for insured depository institutions. If these increases are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 69.82 58.10 Td (ficient for the DIF to meet its funding requirements, there may need to be further special assessments or increases in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (deposit insurance premiums. ) Tj ET Q q 0 0 0 rg BT 167.02 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 175.65 46.10 Td (e are generally unable to control the amount of premiums that we are required to pay for FDIC ) 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 (insurance. If there are additional bank or financial institution failures, we may be required to pay even higher FDIC premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (than the recently increased levels. ) Tj ET Q q 0 0 0 rg BT 187.16 730.10 Td (Any future additional assessments, increases or required prepayments in FDIC insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (premiums may materially and adversely af) Tj ET Q q 0 0 0 rg BT 220.59 718.10 Td (fect us, including by reducing our profitability or limiting our ability to pursue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (certain business opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 658.10 Td (As a matter of policy) Tj ET Q q 0 0 0 rg BT 133.77 658.10 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 50.00 646.10 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 50.00 634.10 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 50.00 622.10 Td (into a troubled subsidiary bank and may char) Tj ET Q q 0 0 0 rg BT 230.05 622.10 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 50.00 610.10 Td (failure to commit resources to such a subsidiary bank. In addition, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 382.43 610.10 Td (Act directs the federal bank regulators to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 50.00 586.10 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 50.00 574.10 Td (subsidiary banks we may own in the future should they experience financial distress.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 550.10 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 50.00 538.10 Td (to borrow the funds or raise additional equity capital from third parties. ) Tj ET Q q 0 0 0 rg BT 336.87 538.10 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 50.00 526.10 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 50.00 514.10 Td (holding company) Tj ET Q q 0 0 0 rg BT 122.49 514.10 Td (s bankruptcy) Tj ET Q q 0 0 0 rg BT 173.22 514.10 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 50.00 502.10 Td (regulatory agency to maintain the capital of a subsidiary bank. Moreover) Tj ET Q q 0 0 0 rg BT 340.89 502.10 Td (, bankruptcy law provides that claims based on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 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 445.46 490.10 Td (s general unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (creditors, including the holders of its indebtedness. ) Tj ET Q q 0 0 0 rg BT 255.80 478.10 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 50.00 466.10 Td (the required capital injection may be dif) Tj ET Q q 0 0 0 rg BT 209.76 466.10 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 50.00 454.10 Td (would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 181.70 454.10 Td (fect on us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (The long-term impact of the new regulatory capital standards and the forthcoming new capital rules on U.S. banks is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 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 50.00 382.10 Td (requirements for internationally active banking or) Tj ET Q q 0 0 0 rg BT 248.92 382.10 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 50.00 370.10 Td (Basel III narrows the definition of capital, introduces requirements for minimum ) Tj ET Q q 0 0 0 rg BT 374.73 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.48 370.10 Td (ier 1 common capital, increases requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (for minimum ) Tj ET Q q 0 0 0 rg BT 105.37 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.13 358.10 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 50.00 346.10 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 50.00 322.10 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 511.34 322.10 Td (These rules, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (which became ef) Tj ET Q q 0 0 0 rg BT 117.56 310.10 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 50.00 298.10 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 50.00 286.10 Td (Bank and other elective distributions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 262.10 Td (arious provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 203.60 262.10 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 50.00 250.10 Td (Bancorp, and non-bank financial companies that are supervised by the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 403.03 250.10 Td (The leverage and risk-based capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 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 537.47 238.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 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 50.00 214.10 Td (the Bank and the Bancorp.) Tj ET Q BT /F3 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 58.15 190.10 Td (e face a risk of noncompliance and enforcement action with the Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 381.37 190.10 Td (Act and other anti-money laundering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (statutes and regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (The federal Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 155.50 154.10 Td (Act, the Uniting and Strengthening ) Tj ET Q q 0 0 0 rg BT 297.71 154.10 Td (America by Providing ) Tj ET Q q 0 0 0 rg BT 388.53 154.10 Td (Appropriate ) Tj ET Q q 0 0 0 rg BT 439.16 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.57 154.10 Td (ools Required to Intercept ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (and Obstruct ) Tj ET Q q 0 0 0 rg BT 103.70 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.11 142.10 Td (errorism ) Tj ET Q q 0 0 0 rg BT 144.93 142.10 Td (Act of 2001 \(the P) Tj ET Q q 0 0 0 rg BT 222.33 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 228.44 142.10 Td (TRIOT) Tj ET Q q 0 0 0 rg BT 257.70 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.65 142.10 Td (Act\) and other laws and regulations require financial institutions, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (other duties, to institute and maintain an ef) Tj ET Q q 0 0 0 rg BT 220.89 130.10 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 50.00 118.10 Td (transaction reports as appropriate. ) Tj ET Q q 0 0 0 rg BT 187.82 118.10 Td (The federal Financial Crimes Enforcement Network, established by the U.S. ) Tj ET Q q 0 0 0 rg BT 495.61 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.36 118.10 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Department to administer the Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 226.61 106.10 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 94.10 Td (those requirements, and has recently engaged in coordinated enforcement ef) Tj ET Q q 0 0 0 rg BT 354.14 94.10 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 82.10 Td (as well as the U.S. Department of Justice, Drug Enforcement ) Tj ET Q q 0 0 0 rg BT 295.77 82.10 Td (Administration, and Internal Revenue Service. ) Tj ET Q q 0 0 0 rg BT 484.14 82.10 Td (There is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (increased scrutiny of compliance with the rules enforced by the Of) Tj ET Q q 0 0 0 rg BT 316.39 70.10 Td (fice of Foreign ) Tj ET Q q 0 0 0 rg BT 377.76 70.10 Td (Assets Control \(the OF) Tj ET Q q 0 0 0 rg BT 473.96 70.10 Td (AC\). If our policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 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 46.10 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 46.10 Td (, including fines and regulatory ) 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 (actions \(such as restrictions on our ability to pay dividends and the necessity to obtain regulatory approvals to proceed with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (certain aspects of our business plan, including our acquisition plans\), which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 488.31 730.10 Td (fect us. Failure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (reputational consequences for us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 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 50.00 646.10 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 549.69 646.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (These laws prohibit practices such as steering borrowers away from more af) Tj ET Q q 0 0 0 rg BT 354.43 634.10 Td (fordable products, selling unnecessary insurance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 50.00 610.10 Td (repay the loans irrespective of the value of the underlying property) Tj ET Q q 0 0 0 rg BT 316.47 610.10 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 50.00 598.10 Td (create the potential for liability with respect to our lending and loan investment activities. ) Tj ET Q q 0 0 0 rg BT 409.99 598.10 Td (They increase our cost of doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (business and, ultimately) Tj ET Q q 0 0 0 rg BT 145.73 586.10 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 50.00 574.10 Td (points and fees on loans that we do make.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Loans that we make through certain federal programs are dependent on the federal government) Tj ET Q q 0 0 0 rg BT 447.31 550.10 Td (s continuation and support ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 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 320.86 538.10 Td (.) 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 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 50.00 502.10 Td (Administration. ) Tj ET Q q 0 0 0 rg BT 115.37 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.01 502.10 Td (e are responsible for following all applicable U.S. government agency regulations, guidelines and policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (whenever we originate loans as part of these guarantee programs. If we fail to follow any applicable regulations, guidelines or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (policies associated with a particular guarantee program, any loans we originate as part of that program may lose the associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 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 50.00 454.10 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 541.37 454.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 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 50.00 430.10 Td (to participate in such programs could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 305.27 430.10 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 50.00 418.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (In ) Tj ET Q q 0 0 0 rg BT 62.17 394.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 110.44 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.94 394.10 Td (Customers) Tj ET Q q 0 0 0 rg BT 177.43 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.14 394.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 228.42 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.47 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.96 394.10 Td (Disbursement ) Tj ET Q q 0 0 0 rg BT 314.90 394.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 355.13 394.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 401.75 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 411.13 394.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 442.73 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.22 394.10 Td (further ) Tj ET Q q 0 0 0 rg BT 485.39 394.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 533.13 394.10 Td (federal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.92 382.10 Td (state ) Tj ET Q q 0 0 0 rg BT 93.17 382.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 154.20 382.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 201.35 382.10 Td (related ) Tj ET Q q 0 0 0 rg BT 234.04 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.18 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.33 382.10 Td (Disbursement ) Tj ET Q q 0 0 0 rg BT 324.92 382.10 Td (business ) Tj ET Q q 0 0 0 rg BT 364.30 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.78 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 411.92 382.10 Td (change ) Tj ET Q q 0 0 0 rg BT 446.29 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.21 382.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 488.37 382.10 Td (force ) Tj ET Q q 0 0 0 rg BT 513.83 382.10 Td (us ) Tj ET Q q 0 0 0 rg BT 527.64 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.79 382.10 Td (make ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 109.34 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.35 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.36 370.10 Td (Disbursement ) Tj ET Q q 0 0 0 rg BT 196.82 370.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 237.57 370.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 290.24 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 311.26 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.27 370.10 Td (various ) Tj ET Q q 0 0 0 rg BT 361.06 370.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 398.72 370.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 420.29 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.08 370.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 488.99 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.89 370.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 525.45 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 370.10 Td (time ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (consuming, ) Tj ET Q q 0 0 0 rg BT 101.26 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.02 358.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 150.99 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.96 358.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 194.59 358.10 Td (could ) Tj ET Q q 0 0 0 rg BT 220.56 358.10 Td (have ) Tj ET Q q 0 0 0 rg BT 243.19 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.39 358.10 Td (material ) Tj ET Q q 0 0 0 rg BT 289.02 358.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 323.32 358.10 Td (ef) Tj ET Q q 0 0 0 rg BT 330.90 358.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 349.08 358.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.84 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.48 358.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 420.72 358.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 470.91 358.10 Td (, ) Tj ET Q q 0 0 0 rg BT 476.60 358.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 519.23 358.10 Td (regulatory ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 107.74 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 121.59 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.67 346.10 Td (Disbursement ) Tj ET Q q 0 0 0 rg BT 198.19 346.10 Td (business ) Tj ET Q q 0 0 0 rg BT 236.50 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.01 346.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 294.74 346.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 320.53 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.83 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 374.90 346.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 419.85 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.71 346.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 480.32 346.10 Td (af) Tj ET Q q 0 0 0 rg BT 488.47 346.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 506.74 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.49 346.10 Td (business, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.73 334.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 131.12 334.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 160.85 334.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 202.80 334.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.54 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.40 310.10 Td (third ) Tj ET Q q 0 0 0 rg BT 91.71 310.10 Td (party ) Tj ET Q q 0 0 0 rg BT 114.68 310.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 148.75 310.10 Td (under ) Tj ET Q q 0 0 0 rg BT 173.95 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.41 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 194.17 310.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 209.37 310.10 Td (IV) Tj ET Q q 0 0 0 rg BT 219.74 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.16 310.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 271.52 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.94 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 288.03 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.66 310.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 335.63 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 346.38 310.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 387.12 310.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 417.87 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.08 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.94 310.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 465.13 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.88 310.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 506.06 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.92 310.10 Td (state ) Tj ET Q q 0 0 0 rg BT 543.67 310.10 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 298.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 115.83 298.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 133.62 298.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 171.94 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.95 298.10 Td (most ) Tj ET Q q 0 0 0 rg BT 213.63 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.19 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.76 298.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 267.53 298.10 Td (education ) Tj ET Q q 0 0 0 rg BT 308.64 298.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 351.43 298.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 379.77 298.10 Td (require ) Tj ET Q q 0 0 0 rg BT 410.31 298.10 Td (us ) Tj ET Q q 0 0 0 rg BT 421.44 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.45 298.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 463.67 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 483.68 298.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 527.00 298.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 547.56 298.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.43 286.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 256.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 256.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.81 256.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 137.45 256.10 Td ( of the Higher Education ) Tj ET Q q 0 0 0 rg BT 238.26 256.10 Td (Act of 1965, or ) Tj ET Q q 0 0 0 rg BT 301.68 256.10 Td (T) Tj ET Q q 0 0 0 rg BT 307.43 256.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 332.51 256.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 238.10 Td (the Family Educational Rights and Privacy ) Tj ET Q q 0 0 0 rg BT 279.91 238.10 Td (Act of 1975, or FERP) Tj ET Q q 0 0 0 rg BT 366.49 238.10 Td (A;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 220.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 220.10 Td (the USA) Tj ET Q q 0 0 0 rg BT 140.22 220.10 Td ( P) Tj ET Q q 0 0 0 rg BT 147.36 220.10 Td (A) Tj ET Q q 0 0 0 rg BT 153.48 220.10 Td (TRIOT) Tj ET Q q 0 0 0 rg BT 182.73 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.68 220.10 Td (Act and related anti-money laundering requirements; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 202.10 Td (certain federal rules regarding safeguarding personal information, including rules implementing the privacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 190.10 Td (provisions of Gramm-Leach-Bliley ) Tj ET Q q 0 0 0 rg BT 249.07 190.10 Td (Act of 1999, or GLBA. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 172.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Higher) Tj ET Q q 0 0 0 rg BT 79.81 160.10 Td ( Education Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Third-Party ) Tj ET Q q 0 0 0 rg BT 101.58 136.10 Td (Servicer) Tj ET Q q 0 0 0 rg BT 134.91 136.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.41 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.11 136.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 176.12 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.15 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.06 136.10 Td (services ) Tj ET Q q 0 0 0 rg BT 236.97 136.10 Td (we ) Tj ET Q q 0 0 0 rg BT 251.33 136.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 284.57 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.05 136.10 Td (some ) Tj ET Q q 0 0 0 rg BT 318.85 136.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 366.00 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.48 136.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 414.71 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.19 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.10 136.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 477.80 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.63 136.10 Td (T) Tj ET Q q 0 0 0 rg BT 494.39 136.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 509.86 136.10 Td (IV) Tj ET Q q 0 0 0 rg BT 520.23 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.93 136.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 550.35 136.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.56 124.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 110.23 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.03 124.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 166.58 124.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 205.02 124.10 Td (under ) Tj ET Q q 0 0 0 rg BT 230.15 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.55 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.30 124.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 265.43 124.10 Td (IV) Tj ET Q q 0 0 0 rg BT 275.80 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.16 124.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 327.28 124.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 354.07 124.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 400.86 124.10 Td (require ) Tj ET Q q 0 0 0 rg BT 431.53 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.32 124.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 483.44 124.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 517.44 124.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 554.23 124.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 79.95 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.10 112.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 135.91 112.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 158.62 112.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 202.44 112.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.16 112.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 246.76 112.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 298.35 112.10 Td (auditors ) Tj ET Q q 0 0 0 rg BT 333.29 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.00 112.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 375.93 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.86 112.10 Td (servicer) Tj ET Q q 0 0 0 rg BT 422.88 112.10 Td () Tj ET Q q 0 0 0 rg BT 425.66 112.10 Td (s ) Tj ET Q q 0 0 0 rg BT 432.07 112.10 Td (T) Tj ET Q q 0 0 0 rg BT 437.83 112.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 453.32 112.10 Td (IV) Tj ET Q q 0 0 0 rg BT 463.69 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.41 112.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 507.73 112.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 530.43 112.10 Td (year ) Tj ET Q q 0 0 0 rg BT 550.36 112.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (must ) Tj ET Q q 0 0 0 rg BT 70.86 100.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 99.49 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.34 100.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 159.19 100.10 Td (Attestation ) Tj ET Q q 0 0 0 rg BT 204.48 100.10 Td (Examination ) Tj ET Q q 0 0 0 rg BT 256.99 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.73 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.25 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.00 100.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 300.19 100.10 Td (IV) Tj ET Q q 0 0 0 rg BT 310.56 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.96 100.10 Td (Student ) Tj ET Q q 0 0 0 rg BT 343.93 100.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 382.24 100.10 Td (Assistance ) Tj ET Q q 0 0 0 rg BT 426.41 100.10 Td (Programs ) Tj ET Q q 0 0 0 rg BT 470.59 100.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 491.99 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.18 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.80 100.10 Td (Department ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.83 88.10 Td (Education ) Tj ET Q q 0 0 0 rg BT 105.87 88.10 Td (\(ED\), ) Tj ET Q q 0 0 0 rg BT 140.73 88.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.67 88.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 205.49 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.43 88.10 Td (report ) Tj ET Q q 0 0 0 rg BT 240.80 88.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.30 88.10 Td (an ) Tj ET Q q 0 0 0 rg BT 267.23 88.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 319.60 88.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 343.10 88.10 Td (firm. ) Tj ET Q q 0 0 0 rg BT 366.06 88.10 Td (This ) Tj ET Q q 0 0 0 rg BT 387.33 88.10 Td (yearly ) Tj ET Q q 0 0 0 rg BT 415.82 88.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 465.40 88.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 488.90 88.10 Td (submission ) Tj ET Q q 0 0 0 rg BT 537.40 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 88.10 Td (ED ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.50 76.10 Td (comfort ) Tj ET Q q 0 0 0 rg BT 120.22 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.07 76.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.46 76.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 173.07 76.10 Td (education ) Tj ET Q q 0 0 0 rg BT 214.01 76.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 256.63 76.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 284.80 76.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.86 76.10 Td (we ) Tj ET Q q 0 0 0 rg BT 315.59 76.10 Td (are ) Tj ET Q q 0 0 0 rg BT 329.86 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.70 76.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 387.85 76.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.70 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.98 76.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 466.81 76.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 500.52 76.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 547.01 76.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.81 64.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 94.63 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.00 64.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 118.80 64.10 Td (W) Tj ET Q q 0 0 0 rg BT 127.44 64.10 Td (e ) Tj ET Q q 0 0 0 rg BT 134.48 64.10 Td (also ) Tj ET Q q 0 0 0 rg BT 153.18 64.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 186.32 64.10 Td (this ) Tj ET Q q 0 0 0 rg BT 203.37 64.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 252.05 64.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 274.65 64.10 Td (report ) Tj ET Q q 0 0 0 rg BT 301.12 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.49 64.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 340.19 64.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 362.79 64.10 Td (request ) Tj ET Q q 0 0 0 rg BT 394.27 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.64 64.10 Td (help ) Tj ET Q q 0 0 0 rg BT 424.45 64.10 Td (them ) Tj ET Q q 0 0 0 rg BT 447.05 64.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 472.42 64.10 Td (their ) Tj ET Q q 0 0 0 rg BT 493.34 64.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 542.02 64.10 Td (audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.94 52.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.59 52.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.35 52.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 128.62 52.10 Td (IV) Tj ET Q q 0 0 0 rg BT 138.99 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.49 52.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 194.53 52.10 Td (institutions.) 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506.46 706.10 Td (implementing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.30 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 124.11 694.10 Td (could ) Tj ET Q q 0 0 0 rg BT 147.70 694.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 177.40 694.10 Td (us ) Tj ET Q q 0 0 0 rg BT 187.66 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.81 694.10 Td (material ) Tj ET Q q 0 0 0 rg BT 230.94 694.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 251.75 694.10 Td (related ) Tj ET Q q 0 0 0 rg BT 280.32 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.47 694.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 306.39 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.09 694.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 357.47 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.17 694.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 397.43 694.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 428.24 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.94 694.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 475.13 694.10 Td (ED ) Tj ET Q q 0 0 0 rg BT 489.83 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.88 694.10 Td (also ) Tj ET Q q 0 0 0 rg BT 515.36 694.10 Td (empowered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.01 682.10 Td (limit, ) Tj ET Q q 0 0 0 rg BT 85.64 682.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 121.10 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.67 682.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 173.66 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.12 682.10 Td (violating ) Tj ET Q q 0 0 0 rg BT 227.90 682.10 Td (servicer) Tj ET Q q 0 0 0 rg BT 259.92 682.10 Td () Tj ET Q q 0 0 0 rg BT 262.70 682.10 Td (s ) Tj ET Q q 0 0 0 rg BT 269.83 682.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 311.95 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.96 682.10 Td (act ) Tj ET Q q 0 0 0 rg BT 337.86 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.42 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.10 682.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 403.10 682.10 Td (servicer ) Tj ET Q q 0 0 0 rg BT 437.98 682.10 Td (and ) Tj ET Q q 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598.10 Td (interpretive ) Tj ET Q q 0 0 0 rg BT 208.00 598.10 Td (history ) Tj ET Q q 0 0 0 rg BT 238.28 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.93 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 254.68 598.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 269.96 598.10 Td (IV) Tj ET Q q 0 0 0 rg BT 280.33 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.83 598.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (On ) Tj ET Q q 0 0 0 rg BT 65.15 574.10 Td (May ) Tj ET Q q 0 0 0 rg BT 86.40 574.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 101.82 574.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 127.25 574.10 Td (ED ) Tj ET Q q 0 0 0 rg BT 143.50 574.10 Td (published ) Tj ET Q q 0 0 0 rg BT 185.31 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 197.68 574.10 Td (Notice ) Tj ET Q q 0 0 0 rg BT 227.26 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.52 574.10 Td (Proposed ) Tj ET Q q 0 0 0 rg BT 278.66 574.10 Td (Rulemaking, ) Tj ET Q q 0 0 0 rg BT 332.97 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.22 574.10 Td (NPRM ) Tj ET Q q 0 0 0 rg BT 375.49 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 388.41 574.10 Td (program ) Tj ET Q q 0 0 0 rg BT 425.21 574.10 Td (integrity ) Tj ET Q q 0 0 0 rg BT 462.02 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.38 574.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 535.63 574.10 Td (issues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Final ) Tj ET Q q 0 0 0 rg BT 73.32 562.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 95.52 562.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 128.83 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.17 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.93 562.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 160.46 562.10 Td (IV) Tj ET Q q 0 0 0 rg BT 170.84 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.60 562.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 196.36 562.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 251.33 562.10 Td (were ) Tj ET Q q 0 0 0 rg BT 273.52 562.10 Td (published ) Tj ET Q q 0 0 0 rg BT 315.17 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.71 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.69 562.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 373.44 562.10 Td (Register ) Tj ET Q q 0 0 0 rg BT 409.53 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.30 562.10 Td (October ) Tj ET Q q 0 0 0 rg BT 457.27 562.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 472.53 562.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 497.59 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 515.90 562.10 Td (Final ) Tj ET Q q 0 0 0 rg BT 539.22 562.10 Td (Rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (included, ) Tj ET Q q 0 0 0 rg BT 88.93 550.10 Td (among ) Tj ET Q q 0 0 0 rg BT 118.15 550.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 147.09 550.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 190.76 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 219.97 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.75 550.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 241.18 550.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 287.62 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.62 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.84 550.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 341.39 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.72 550.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 379.27 550.10 Td (education ) Tj ET Q q 0 0 0 rg BT 420.14 550.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 466.60 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.04 550.10 Td (third ) Tj ET Q q 0 0 0 rg BT 503.92 550.10 Td (party ) Tj ET Q q 0 0 0 rg BT 526.47 550.10 Td (servicers ) Tj ET Q 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State attorneys general and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (enforcement agencies may monitor our compliance with state and federal laws and regulations that af) Tj ET Q q 0 0 0 rg BT 455.78 238.10 Td (fect our business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (including those pertaining to higher education and banking, and conduct investigations of our business that are time consuming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (and expensive and could result in fines and penalties that have a material adverse ef) Tj ET Q q 0 0 0 rg BT 384.69 214.10 Td (fect on our business, financial condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (results of operations.) 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Tj ET Q q 0 0 0 rg BT 215.42 71.90 Td (Y) Tj ET Q q 0 0 0 rg BT 221.65 71.90 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 59.90 Td (2013 through 2015, and \(2\)state taxing authorities are 201) Tj ET Q q 0 0 0 rg BT 284.58 59.90 Td (1 through 2015.) Tj ET Q q 0 0 0 rg BT 350.50 59.90 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 47.90 Td (increased recognition of income tax expense in our consolidated financial statements as well as possible fines and penalties. ) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our financial results may be adversely af) Tj ET Q q 0 0 0 rg BT 219.25 742.25 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 50.00 718.25 Td (The U.S. Congress and the ) Tj ET Q q 0 0 0 rg BT 159.16 718.25 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 50.00 706.25 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 50.00 694.25 Td (limiting or eliminating various other deductions, tax credits and/or other tax preferences. It is not possible at this time to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (quantify either the one-time impacts from the remeasurement of deferred tax assets and liabilities that might result upon tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (reform enactment or the ongoing impacts reform proposals might have on income tax expense.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 646.25 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 50.00 622.25 Td (Based on our current total assets and growth strategy) Tj ET Q q 0 0 0 rg BT 260.96 622.25 Td (, we anticipate our bank) Tj ET Q q 0 0 0 rg BT 359.54 622.25 Td (s total assets will exceed $10 billion in the near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 78.70 610.25 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 147.57 610.25 Td (Act and its implementing regulations impose various additional requirements on bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (companies with $10 billion or more in total assets, including compliance with portions of the Federal Reserve) Tj ET Q q 0 0 0 rg BT 491.85 598.25 Td (s enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (prudential oversight requirements and annual stress testing requirements. In addition, banks with $10 billion or more in total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (assets are primarily examined by the Consumer Financial Protection Bureau \(CFPB\) with respect to various federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (consumer financial protection laws and regulations. Currently) Tj ET Q q 0 0 0 rg BT 296.78 562.25 Td (, our bank is subject to regulations adopted by the CFPB, but the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Federal Reserve is primarily responsible for examining our bank) Tj ET Q q 0 0 0 rg BT 311.04 550.25 Td (s compliance with consumer protection laws and those CFPB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 98.88 538.25 Td (As a relatively new agency with evolving regulations and practices, there is uncertainty as to how the CFPB) Tj ET Q q 0 0 0 rg BT 533.77 538.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (examination and regulatory authority might impact our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 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 50.00 490.25 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 534.38 490.25 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 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 50.00 466.25 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 50.00 454.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 454.25 Td (fect our stock price or our ability to retain our customers or ef) Tj ET Q q 0 0 0 rg BT 304.55 454.25 Td (fectively compete for new business opportunities. ) Tj ET Q q 0 0 0 rg BT 505.70 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 511.11 454.25 Td (o ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (compliance with these heightened requirements when ef) Tj ET Q q 0 0 0 rg BT 274.74 442.25 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 50.00 430.25 Td (requirements or take actions to prepare for compliance even before our or our bank) Tj ET Q q 0 0 0 rg BT 385.14 430.25 Td (s total assets equal or exceed $10 billion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 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 50.00 406.25 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 50.00 394.25 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 50.00 382.25 Td (requests for approvals on unrelated matters.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 142.88 352.25 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 50 326.9169921875 m 230.7568359375 326.9169921875 l s q 0 0 0 rg BT 50.00 328.25 Td (Risks Relating to Our ) Tj ET Q q 0 0 0 rg BT 139.26 328.25 Td (V) Tj ET Q q 0 0 0 rg BT 145.20 328.25 Td (oting Common Stock) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 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 50.00 286.25 Td (Although the shares of our common stock are listed on the New ) Tj ET Q q 0 0 0 rg BT 307.35 286.25 Td (Y) Tj ET Q q 0 0 0 rg BT 313.57 286.25 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 50.00 274.25 Td (is less than that of other lar) Tj ET Q q 0 0 0 rg BT 158.13 274.25 Td (ger financial services companies. ) Tj ET Q q 0 0 0 rg BT 292.79 274.25 Td (A) Tj ET Q q 0 0 0 rg BT 299.46 274.25 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 50.00 262.25 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 478.31 262.25 Td (V) Tj ET Q q 0 0 0 rg BT 484.24 262.25 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 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 50.00 238.25 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 410.39 238.25 Td (Y) Tj ET Q q 0 0 0 rg BT 416.61 238.25 Td (ork Stock Exchange, could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 226.25 Td (fect on the value of your shares, particularly if significant sales of our ) Tj ET Q q 0 0 0 rg BT 406.72 226.25 Td (V) Tj ET Q q 0 0 0 rg BT 412.65 226.25 Td (oting Common Stock, or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (expectation of significant sales, were to occur) Tj ET Q q 0 0 0 rg BT 232.43 214.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 190.25 Td (e do not expect to pay cash dividends on our V) Tj ET Q q 0 0 0 rg BT 247.59 190.25 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 50.00 178.25 Td (dividends is subject to regulatory limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 154.25 Td (e have not historically declared nor paid cash dividends on our ) Tj ET Q q 0 0 0 rg BT 311.44 154.25 Td (V) Tj ET Q q 0 0 0 rg BT 317.37 154.25 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 50.00 142.25 Td (near future. ) Tj ET Q q 0 0 0 rg BT 98.03 142.25 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 50.00 130.25 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 50.00 118.25 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 429.16 118.25 Td (V) Tj ET Q q 0 0 0 rg BT 435.09 118.25 Td (oting Common Stock, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (other factors deemed relevant by the board of directors. ) Tj ET Q q 0 0 0 rg BT 276.67 106.25 Td (W) Tj ET Q q 0 0 0 rg BT 285.31 106.25 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 94.25 Td (our Series C, Series D, Series E, and Series F Preferred Stock before any dividends can be paid on our common stock.) Tj ET Q 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 (In addition, as a bank holding company) Tj ET Q q 0 0 0 rg BT 207.37 742.10 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 50.00 730.10 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 50.00 718.10 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 50.00 706.10 Td (time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 264.83 706.10 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 50.00 694.10 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 50.00 682.10 Td (Common Stock and Dividends Dividends on ) Tj ET Q q 0 0 0 rg BT 238.98 682.10 Td (V) Tj ET Q q 0 0 0 rg BT 244.91 682.10 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 50.00 670.10 Td (ability to pay dividends.) 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 issue additional shares of our common stock in the future which could adversely af) Tj ET Q q 0 0 0 rg BT 426.60 646.10 Td (fect the value or voting power of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the V) Tj ET Q q 0 0 0 rg BT 70.84 634.10 Td (oting Common Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Actual or anticipated issuances or sales of substantial amounts of our common stock in the future could cause the value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 598.10 Td (oting Common Stock to decline significantly and make it more dif) Tj ET Q q 0 0 0 rg BT 321.26 598.10 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 50.00 586.10 Td (future at a time and on terms that we deem appropriate. ) Tj ET Q q 0 0 0 rg BT 273.62 586.10 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 50.00 574.10 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 50.00 562.10 Td (Actual issuances of our ) Tj ET Q q 0 0 0 rg BT 145.90 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 151.84 562.10 Td (oting Common Stock could also significantly dilute the voting power of the ) Tj ET Q q 0 0 0 rg BT 456.62 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 462.55 562.10 Td (oting Common Stock. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (2016, we issued 2,641,677 shares of ) Tj ET Q q 0 0 0 rg BT 197.30 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 203.23 550.10 Td (oting Common Stock in public of) Tj ET Q q 0 0 0 rg BT 337.22 550.10 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 526.10 Td (e 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 424.75 526.10 Td (V) Tj ET Q q 0 0 0 rg BT 430.68 526.10 Td (oting Common Stock to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (directors and certain employees. ) Tj ET Q q 0 0 0 rg BT 181.71 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.35 514.10 Td (e may also issue further equity-based awards in the future. ) Tj ET Q q 0 0 0 rg BT 425.55 514.10 Td (As such shares are issued upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (vesting and as such options may be exercised and the underlying shares are or become freely tradeable, the value or voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (power of our ) Tj ET Q q 0 0 0 rg BT 103.97 490.10 Td (V) Tj ET Q q 0 0 0 rg BT 109.90 490.10 Td (oting Common Stock may be adversely af) Tj ET Q q 0 0 0 rg BT 278.02 490.10 Td (fected and our ability to sell more equity or equity-related securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (could also be adversely af) Tj ET Q q 0 0 0 rg BT 153.67 478.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.42 454.10 Td (184,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.92 454.10 Td ( warrants held by certain investors at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.60 454.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.18 454.10 Td (, we are not required to issue any additional equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (securities to existing holders of our ) Tj ET Q q 0 0 0 rg BT 193.13 442.10 Td (V) Tj ET Q q 0 0 0 rg BT 199.06 442.10 Td (oting Common Stock on a preemptive basis. ) Tj ET Q q 0 0 0 rg BT 378.86 442.10 Td (Therefore, additional common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 50.00 418.10 Td (our existing holders of ) Tj ET Q q 0 0 0 rg BT 142.58 418.10 Td (V) Tj ET Q q 0 0 0 rg BT 148.52 418.10 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 50.00 406.10 Td (price of our ) Tj ET Q q 0 0 0 rg BT 98.96 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 104.90 406.10 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 50.00 394.10 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 485.31 394.10 Td (V) Tj ET Q q 0 0 0 rg BT 491.24 394.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 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 50.00 370.10 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 516.07 370.10 Td (forts is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 92.02 358.10 Td (Thus, holders of our ) Tj ET Q q 0 0 0 rg BT 175.44 358.10 Td (V) Tj ET Q q 0 0 0 rg BT 181.37 358.10 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 50.00 346.10 Td (incurrence of other borrowings will negatively af) Tj ET Q q 0 0 0 rg BT 246.42 346.10 Td (fect the value of our ) Tj ET Q q 0 0 0 rg BT 329.25 346.10 Td (V) Tj ET Q q 0 0 0 rg BT 335.19 346.10 Td (oting Common Stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Future issuances of debt securities, which would rank senior to our V) Tj ET Q q 0 0 0 rg BT 335.62 322.10 Td (oting Common Stock upon our liquidation, and future ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 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 420.33 310.10 Td (oting Common Stock and may be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (senior to our V) Tj ET Q q 0 0 0 rg BT 110.85 298.10 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 50.00 286.10 Td (negatively af) Tj ET Q q 0 0 0 rg BT 102.30 286.10 Td (fect the market price of our V) Tj ET Q q 0 0 0 rg BT 222.84 286.10 Td (oting Common Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (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 50.00 250.10 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 516.04 250.10 Td (V) Tj ET Q q 0 0 0 rg BT 521.98 250.10 Td (oting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 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 461.91 238.10 Td (fect our liquidity) Tj ET Q q 0 0 0 rg BT 528.47 238.10 Td (, cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (flows and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Provisions in our articles of incorporation and bylaws may inhibit a takeover of us, which could discourage transactions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (that would otherwise be in the best interests of our shareholders and could entrench management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 Td (Bank Control ) Tj ET Q q 0 0 0 rg BT 106.11 154.10 Td (Act may delay) Tj ET Q q 0 0 0 rg BT 163.77 154.10 Td (, inhibit or prevent someone from gaining control of our business through a tender of) Tj ET Q q 0 0 0 rg BT 503.24 154.10 Td (fer) Tj ET Q q 0 0 0 rg BT 513.94 154.10 Td (, business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 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 50.00 130.10 Td (desirable. ) Tj ET Q q 0 0 0 rg BT 90.91 130.10 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 50.00 118.10 Td (business, mer) Tj ET Q q 0 0 0 rg BT 104.26 118.10 Td (ge with another financial institution, or sell our business to another financial institution. ) Tj ET Q q 0 0 0 rg BT 457.07 118.10 Td (These increased costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (could reduce the value of the shares held by our shareholders upon completion of these types of transactions.) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 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 50.00 730.25 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 50.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 706.25 Td (e are a bank holding company regulated by the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 317.43 706.25 Td (Any entity \(including a group composed of natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (persons\) 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 50.00 682.25 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 50.00 670.25 Td (accordance with the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 232.18 670.25 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 50.00 658.25 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 533.19 658.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 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 50.00 634.25 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 436.84 634.25 Td (Act to acquire or retain 10% or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (more of our outstanding shares of voting stock. ) Tj ET Q q 0 0 0 rg BT 240.81 622.25 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 50.00 610.25 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 50.00 598.25 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 50.00 586.25 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 50.00 574.25 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 50.00 562.25 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 50.00 550.25 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 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 50.00 514.25 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 433.70 514.25 Td (. Each shareholder obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 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 389.25 502.25 Td (. Acting in concert generally means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 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 50.00 478.25 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 478.25 Td (, whether or not pursuant to an express agreement. ) Tj ET Q q 0 0 0 rg BT 289.93 478.25 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 50.00 466.25 Td (circumstances can vary and cannot always be predicted with certainty) Tj ET Q q 0 0 0 rg BT 328.40 466.25 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 50.00 454.25 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 50.00 442.25 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 50.00 430.25 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 425.53 430.25 Td (ficials, controlling shareholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 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 434.47 418.25 Td (, partner) Tj ET Q q 0 0 0 rg BT 467.38 418.25 Td (, trustee or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (management of) Tj ET Q q 0 0 0 rg BT 111.74 406.25 Td (ficial of such shareholder own equity in the bank or bank holding company) Tj ET Q q 0 0 0 rg BT 411.57 406.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (The FDIC) Tj ET Q q 0 0 0 rg BT 95.65 382.25 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 50.00 370.25 Td (us and our investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 346.25 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 50.00 334.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.59 334.25 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 50.00 322.25 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 50.00 310.25 Td (holding company) Tj ET Q q 0 0 0 rg BT 119.06 310.25 Td (, but in certain circumstances it could apply to investors holding fewer voting shares. ) Tj ET Q q 0 0 0 rg BT 461.02 310.25 Td (The policy statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 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 50.00 286.25 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 50.00 262.25 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 523.85 262.25 Td (They ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 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 489.73 250.25 Td () Tj ET Q q 0 0 0 rg BT 492.50 250.25 Td (s ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 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 50.00 226.25 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 50.00 214.25 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 50.00 202.25 Td (losses to the Deposit Insurance Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 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 50.00 166.25 Td (investment vehicles that are owned or controlled by the same parent company) Tj ET Q q 0 0 0 rg BT 360.63 166.25 Td (. Investors that directly or indirectly hold 10% or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 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 50.00 142.25 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 50.00 130.25 Td (bank secrecy jurisdictions would not be eligible to own a direct or indirect interest in an insured depository institution unless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (the investor) Tj ET Q q 0 0 0 rg BT 97.30 118.25 Td () Tj ET Q q 0 0 0 rg BT 100.08 118.25 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 50.00 106.25 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 94.25 Td (records and compliance with U.S. banking laws and regulations. If the policy statement applies, we \(including any failed bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (we acquire\) could be required to maintain a ratio of ) Tj ET Q q 0 0 0 rg BT 258.07 82.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.82 82.25 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 70.25 Td (and thereafter maintain a capital level suf) Tj ET Q q 0 0 0 rg BT 215.29 70.25 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 58.25 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 46.25 Td (least 10% of our equity) Tj ET Q q 0 0 0 rg BT 142.66 46.25 Td (.) 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 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 728.7669921875 m 543.525390625 728.7669921875 l s q 0 0 0 rg BT 50.00 730.10 Td (Risks Relating to Our Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C, Series D, Series E, and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 716.7669921875 m 85 716.7669921875 l s q 0 0 0 rg BT 50.00 718.10 Td (Series F ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The shares of our Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 295.68 694.10 Td ( Preferred Stock are equity securities and are subordinate to our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (existing and future indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The shares of Series C, Series D, Series E, and Series F Preferred Stock are equity interests in Customers Bancorp and do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (constitute 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 519.91 646.10 Td (s and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 99.80 634.10 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 50.00 622.10 Td (against us, including claims in the event of Customer Bancorp) Tj ET Q q 0 0 0 rg BT 301.62 622.10 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 50.00 610.10 Td (creditors, we may not have suf) Tj ET Q q 0 0 0 rg BT 172.56 610.10 Td (ficient funds to pay amounts due on any or all of the Series C, Series D, Series E, and Series F ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Preferred Stock then outstanding. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 574.10 Td (e may not pay dividends on the shares of Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 397.43 574.10 Td ( Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Dividends on the shares of Series C, Series D, Series E, and Series F Preferred Stock are payable only if declared by our board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (of directors or a duly authorized committee of the board. ) Tj ET Q q 0 0 0 rg BT 281.04 538.10 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 392.59 538.10 Td (, we are subject to general regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (restrictions on the payment of cash dividends. Federal bank regulatory agencies have the authority to prohibit bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (companies from engaging in unsafe or unsound practices in conducting their business, which depending on the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (condition and liquidity of the holding company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 483.13 502.10 Td (, various federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (and state statutory provisions limit the amount of dividends that our bank subsidiaries can pay to us as its holding company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (without regulatory approval.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Dividends on the shares of Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 332.07 454.10 Td ( Preferred Stock are non-cumulative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Dividends on the shares of Series C, Series D, Series E, and Series F Preferred Stock are payable only when, as and if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (authorized and declared by our board of directors or a duly authorized committee of the board. Consequently) Tj ET Q q 0 0 0 rg BT 487.53 418.10 Td (, if our board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (directors or a duly authorized committee of the board does not authorize and declare a dividend for any dividend period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (holders of the Series C, Series D, Series E, and Series F Preferred Stock will not be entitled to receive any such dividend, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (such unpaid dividend will cease to accrue or be payable. If we do not declare and pay dividends on the Series C, Series D, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Series E, and Series F Preferred Stock, the market prices of the shares of Series C, Series D, Series E, and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Stock may decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Our ability to pay dividends on the shares of Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 404.29 334.10 Td ( Preferred Stock is dependent on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 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 50.00 298.10 Td (Our principal source of cash flow is dividends from Customers Bank. ) Tj ET Q q 0 0 0 rg BT 330.32 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.96 298.10 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 50.00 286.10 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 50.00 274.10 Td (and suf) Tj ET Q q 0 0 0 rg BT 78.98 274.10 Td (ficient cash is not otherwise available, we may not be able to make dividend payments on the Series C, Series D, Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (E, and Series F Preferred Stock. ) Tj ET Q q 0 0 0 rg BT 180.34 262.10 Td (V) Tj ET Q q 0 0 0 rg BT 186.46 262.10 Td (arious federal and state statutes, regulations and rules limit, directly or indirectly) Tj ET Q q 0 0 0 rg BT 507.65 262.10 Td (, the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of dividends that our banking and other subsidiaries may pay to us without regulatory approval. In particular) Tj ET Q q 0 0 0 rg BT 483.66 250.10 Td (, dividend and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (other distributions from Customers Bank to us would require notice to or approval of the applicable regulatory authority) Tj ET Q q 0 0 0 rg BT 530.07 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 534.89 238.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (can be no assurances that we would receive such approval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 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 488.54 202.10 Td (s liquidation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (otherwise, and, as a result, the ability of a holder of Series C, Series D, Series E, and Series F Preferred Stock to benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (indirectly from such distribution, will be subject to the prior claims of preferred equity holders and creditors of that subsidiary) Tj ET Q q 0 0 0 rg BT 553.67 178.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (except to the extent that any of our claims as a creditor of such subsidiary may be recognized. ) Tj ET Q q 0 0 0 rg BT 429.32 166.10 Td (As a result, shares of the Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (C, Series D, Series E, and Series F Preferred Stock are ef) Tj ET Q q 0 0 0 rg BT 278.09 154.10 Td (fectively subordinated to all existing and future liabilities and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (preferred equity of our subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Holders of Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 266.22 118.10 Td ( Preferred Stock should not expect us to redeem their shares when they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (first become redeemable at our option or on any particular date thereafter) Tj ET Q q 0 0 0 rg BT 353.60 106.10 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 94.10 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 70.10 Td (Our Series C, Series D, Series E, and Series F Preferred Stock are perpetual equity securities, meaning that the Series C, Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (D, Series E, and Series F Preferred Stock have no maturity date or mandatory redemption date and the shares are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (redeemable at the option of the holders thereof. ) Tj ET Q q 0 0 0 rg BT 241.32 46.10 Td (Any determination we make at any time to propose a redemption of the Series ) Tj ET Q 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (C, Series D, Series E, and Series F Preferred Stock will depend upon a number of factors, including our evaluation of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (capital position, the composition of our shareholders) Tj ET Q q 0 0 0 rg BT 262.82 730.10 Td ( equity and general market conditions at that time. In addition, our right ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to redeem the Series C, Series D, Series E, and Series F Preferred Stock is subject to any limitations established by the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Reserve. Under the Federal Reserve) Tj ET Q q 0 0 0 rg BT 196.88 706.10 Td (s risk-based capital guidelines applicable to bank holding companies, any redemption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the Series C, Series D, Series E, and Series F Preferred Stock is subject to prior approval of the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 502.20 694.10 Td (There can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (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 50.00 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 658.10 Td (e may be able to redeem the Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 344.61 658.10 Td ( Preferred Stock before their initial redemption ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (dates upon a regulatory capital treatment event.) 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 may be able to redeem the Series C, Series D, Series E, and Series F Preferred Stock before their respective initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (redemption dates, in whole but not in part, upon the occurrence of certain events involving the capital treatment of the Series C, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Series D, Series E, and Series F Preferred Stock, as applicable. In particular) Tj ET Q q 0 0 0 rg BT 352.28 598.10 Td (, upon our determination in good faith that an event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (has occurred that would constitute a regulatory capital treatment event, with respect to a particular series of the preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (stock, we may redeem that particular series of securities in whole but not in part upon the prior approval of the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Reserve.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Holders of Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 266.22 538.10 Td ( Preferred stock have limited voting rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Holders of Series C, Series D, Series E, and Series F Preferred Stock have no voting rights with respect to matters that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (generally require the approval of voting shareholders. However) Tj ET Q q 0 0 0 rg BT 303.39 502.10 Td (, holders of Series C, Series D, Series E, and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Stock will have the right to vote in the event of non-payments of dividends under certain circumstances, with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (authorizing classes or series of preferred stock senior to the Series C, Series D, Series E, and Series F Preferred Stock, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (applicable, and with respect to certain fundamental changes in the terms of the Series C, Series D, Series E, and Series F ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Preferred Stock, as applicable, or as otherwise required by law) Tj ET Q q 0 0 0 rg BT 299.54 454.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (General market conditions and unpredictable factors could adversely af) Tj ET Q q 0 0 0 rg BT 344.80 430.10 Td (fect market prices for the Series C, Series D, Series ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (E, and Series F) Tj ET Q q 0 0 0 rg BT 113.72 418.10 Td ( Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (There can be no assurance regarding the market prices for the Series C, Series D, Series E, and Series F Preferred Stock. ) Tj ET Q q 0 0 0 rg BT 533.73 394.10 Td (A) Tj ET Q q 0 0 0 rg BT 540.40 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (variety of factors, many of which are beyond our control, could influence the market prices, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 358.10 Td (whether we declare or fail to declare dividends on the series of preferred stock from time to time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 346.10 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 122.00 334.10 Td (condition and prospects of our competitors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 322.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 322.10 Td (real or anticipated changes in the credit ratings \(if any\) assigned to the Series C, Series D, Series E, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 310.10 Td (Series F Preferred Stock or our other securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 298.10 Td (our creditworthiness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 286.10 Td (changes in interest rates and expectations regarding changes in rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 274.10 Td (our issuance of additional preferred equity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 262.10 Td (the market for similar securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 250.10 Td (developments in the securities, credit and housing markets, and developments with respect to financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 238.10 Td (institutions generally; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.10 Td (economic, financial, corporate, securities market, geopolitical, regulatory or judicial events that af) Tj ET Q q 0 0 0 rg BT 513.88 226.10 Td (fect us, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.10 Td (banking industry or the financial markets generally) Tj ET Q q 0 0 0 rg BT 325.73 214.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (The Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 238.72 190.10 Td ( Preferred Stock may not have an active trading market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Although the shares of Series C, Series D, Series E, and Series F Preferred Stock are listed on the New ) Tj ET Q q 0 0 0 rg BT 463.14 166.10 Td (Y) Tj ET Q q 0 0 0 rg BT 469.37 166.10 Td (ork Stock Exchange, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (an active trading market may not be established or maintained for the shares and transaction costs could be high. ) Tj ET Q q 0 0 0 rg BT 502.08 154.10 Td (As a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 75.64 142.10 Td (ference 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 50.00 118.10 Td (The Series C, Series D, Series E, and Series F) Tj ET Q q 0 0 0 rg BT 238.72 118.10 Td ( Preferred Stock may be junior or equal in rights and preferences to preferred ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (stock we may issue in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Our Series C, Series D, Series E, and Series F Preferred Stock rank equally) Tj ET Q q 0 0 0 rg BT 349.83 82.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.78 82.10 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 70.10 Td (preferred stock that ranks senior to the Series C, Series D, Series E, and Series F Preferred Stock, the Series C, Series D, Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (E, and Series F Preferred Stock may rank junior to other preferred stock we may issue in the future that by its terms is expressly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (senior in rights and preferences to the Series C, Series D, Series E, and Series F Preferred Stock, although the af) Tj ET Q q 0 0 0 rg BT 498.03 46.10 Td (firmative vote ) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 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 (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (or consent of the holders of at least two-thirds of all outstanding shares of the af) Tj ET Q q 0 0 0 rg BT 369.46 742.10 Td (fected class of preferred stock is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (issue any shares of stock ranking senior in rights and preferences to such class. ) Tj ET Q q 0 0 0 rg BT 367.42 730.10 Td (Any preferred stock that ranks senior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Series C, Series D, Series E, and Series F Preferred Stock in the future would have priority in payment of dividends and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (making of distributions in the event of any liquidation, dissolution or winding up of Customers Bancorp. ) Tj ET Q q 0 0 0 rg BT 473.02 706.10 Td (Additional issuances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (by us of preferred stock ranking equally with Series C, Series D, Series E, and Series F Preferred Stock do not generally require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the approval of holders of the Series C, Series D, Series E, and Series F Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 656.7669921875 m 200.8154296875 656.7669921875 l s q 0 0 0 rg BT 50.00 658.10 Td (Risks Relating to Our Debt Securities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 50.00 610.10 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 50.00 598.10 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 50.00 586.10 Td (4.625% Senior Notes could be adversely af) Tj ET Q q 0 0 0 rg BT 222.83 586.10 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 50.00 574.10 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 50.00 562.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 96.55 562.10 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 50.00 550.10 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 50.00 538.10 Td (the event of a highly leveraged transaction, reor) Tj ET Q q 0 0 0 rg BT 240.85 538.10 Td (ganization, default under our existing indebtedness, restructuring, mer) Tj ET Q q 0 0 0 rg BT 521.14 538.10 Td (ger or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (similar transaction. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 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 50.00 490.10 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 50.00 466.10 Td (Our principal source of cash flow is dividends from Customers Bank. ) Tj ET Q q 0 0 0 rg BT 330.32 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.96 466.10 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 50.00 454.10 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 457.80 454.10 Td (ficient cash is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 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 50.00 430.10 Td (Senior Notes. ) Tj ET Q q 0 0 0 rg BT 106.76 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 112.87 430.10 Td (arious federal and state statutes, regulations and rules limit, directly or indirectly) Tj ET Q q 0 0 0 rg BT 434.07 430.10 Td (, the amount of dividends that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (our banking and other subsidiaries may pay to us without regulatory approval. In particular) Tj ET Q q 0 0 0 rg BT 413.95 418.10 Td (, dividend and other distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 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 454.52 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 459.34 406.10 Td (There can be no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (assurances that we would receive such approval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 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 488.54 370.10 Td (s liquidation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 50.00 346.10 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 490.91 346.10 Td (, except to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 375.73 334.10 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 50.00 322.10 Td (4.625% Senior Notes are ef) Tj ET Q q 0 0 0 rg BT 160.06 322.10 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 50.00 310.10 Td (subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 286.10 Td (e may not be able to generate suf) Tj ET Q q 0 0 0 rg BT 193.23 286.10 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 50.00 274.10 Td (Senior Notes and 4.625% Senior Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 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 50.00 238.10 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 50.00 226.10 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 50.00 214.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 83.14 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.78 214.10 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 404.83 214.10 Td (ficient to permit us to pay the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (principal, premium, if any) Tj ET Q q 0 0 0 rg BT 154.04 202.10 Td (, and interest on our indebtedness, including the notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (If our cash flows and capital resources, and dividends from Customers Bank, are insuf) Tj ET Q q 0 0 0 rg BT 395.00 178.10 Td (ficient to fund our debt service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 Td (otherwise implement our business plans. ) Tj ET Q q 0 0 0 rg BT 214.42 154.10 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 50.00 142.10 Td (absence of suf) Tj ET Q q 0 0 0 rg BT 107.02 142.10 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 50.00 130.10 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 50.00 118.10 Td (including the notes. ) Tj ET Q q 0 0 0 rg BT 130.92 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.56 118.10 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 50.00 106.10 Td (debt service obligations then due. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 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 82.10 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 70.10 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 58.10 Td (in right of payment to all of our subordinated indebtedness. ) Tj ET Q q 0 0 0 rg BT 291.62 58.10 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 46.10 Td (senior notes, they will be ef) Tj ET Q q 0 0 0 rg BT 169.22 46.10 Td (fectively subordinate to all liabilities of our subsidiaries, including secured indebtedness. ) 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 /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 706.10 Td (Although the 6.375% Senior Notes are listed on the New ) Tj ET Q q 0 0 0 rg BT 279.86 706.10 Td (Y) Tj ET Q q 0 0 0 rg BT 286.08 706.10 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 50.00 694.10 Td (established or maintained for those notes and transaction costs could be high. ) Tj ET Q q 0 0 0 rg BT 361.13 694.10 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 50.00 682.10 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 533.34 682.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (lack of a trading market for the 4.625% Senior Notes may adversely af) Tj ET Q q 0 0 0 rg BT 332.78 670.10 Td (fect the holder) Tj ET Q q 0 0 0 rg BT 390.90 670.10 Td () Tj ET Q q 0 0 0 rg BT 393.68 670.10 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 50.00 658.10 Td (which the notes may be sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 50.00 622.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 622.10 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 104.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 598.10 Td (yields on U.S. ) Tj ET Q q 0 0 0 rg BT 180.99 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.75 598.10 Td (reasury obligations and expectations about future interest rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 586.10 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 104.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 574.10 Td (general economic conditions and expectations regarding the ef) Tj ET Q q 0 0 0 rg BT 372.00 574.10 Td (fects of national policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 562.10 Td (investors) Tj ET Q q 0 0 0 rg BT 160.70 562.10 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 104.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 550.10 Td (the market for similar securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 504.50 Td (Item1B. ) Tj ET Q q 0 0 0 rg BT 122.00 504.50 Td (Unr) Tj ET Q q 0 0 0 rg BT 139.04 504.50 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.50 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 462.50 Td (Item2. ) Tj ET Q q 0 0 0 rg BT 86.00 462.50 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 462.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 132.37 462.50 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.50 Td (The table below summarizes all Customers' locations. It includes our leased branch, limited purpose and administrative of) Tj ET Q q 0 0 0 rg BT 540.10 444.50 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.50 Td (properties, by county and state, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.13 432.50 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.71 432.50 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 381.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 381.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 381.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 351.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 321.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 321.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 321.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 291.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 291.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 291.60 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 497.5 291.6 m 562.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 277.6 m 562.5 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 275.6 m 562.5 275.6 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 279.85 397.580078125 m 332.084375 397.580078125 l s q 0 0 0 rg BT 279.85 398.83 Td (Bank Branches) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 384.78671875000003 m 76.55859375 384.78671875000003 l s q 0 0 0 rg BT 53.00 385.85 Td (County) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 456.5 384.78671875000003 m 472.49609375 384.78671875000003 l s q 0 0 0 rg BT 456.50 385.85 Td (State) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 518.15 384.78671875000003 m 540.80234375 384.78671875000003 l s q 0 0 0 rg BT 518.15 385.85 Td (Leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.17 Td (Berks \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 371.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 371.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.17 Td (Bucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 356.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 356.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.17 Td (Chester \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 341.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 341.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 327.17 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 326.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 326.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 312.17 Td (Westchester) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 311.27 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 311.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 297.17 Td (Mercer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 296.27 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 296.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 281.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 262.70 Td () Tj ET Q 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 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 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 482.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 482.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 482.50 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 497.5 482.5 m 562.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 468.5 m 562.5 468.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.5 m 562.5 466.5 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 /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 725.68671875 m 76.55859375 725.68671875 l s q 0 0 0 rg BT 53.00 726.75 Td (County) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 456.5 725.68671875 m 472.49609375 725.68671875 l s q 0 0 0 rg BT 456.50 726.75 Td (State) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 518.15 725.68671875 m 540.80234375 725.68671875 l s q 0 0 0 rg BT 518.15 726.75 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 (1) 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 Haven \(16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.20 577.17 Td (CT) 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 (New York \(10\)) 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 (Westchester \(5\)) 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 (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.07 Td (Suffolk \(13\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 532.17 Td (NY) 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 (Providence \(11\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 517.17 Td (RI) 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 (Rockingham \(15\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.25 502.17 Td (NH) 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 53.00 488.07 Td (Suffolk \(12\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.70 487.17 Td (MA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 487.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 472.17 Td (21) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 453.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 441.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 441.60 Td (Includes the full service branch at 1001 Penn ) Tj ET Q q 0 0 0 rg BT 262.62 441.60 Td (A) Tj ET Q q 0 0 0 rg BT 269.10 441.60 Td (venue, ) Tj ET Q q 0 0 0 rg BT 297.79 441.60 Td (W) Tj ET Q q 0 0 0 rg BT 306.63 441.60 Td (yomissing, P) Tj ET Q q 0 0 0 rg BT 357.39 441.60 Td (A) Tj ET Q q 0 0 0 rg BT 364.06 441.60 Td ( as well as three branches acquired through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 429.60 Td (Berkshire Bancorp, Inc. acquisition. ) Tj ET Q q 0 0 0 rg BT 227.17 429.60 Td (The lease expirations range from 2017 to 2021.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 417.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 417.60 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 80.45 405.60 Td (Bridge St., Phoenixville, P) Tj ET Q q 0 0 0 rg BT 186.20 405.60 Td (A) Tj ET Q q 0 0 0 rg BT 192.87 405.60 Td ( 19460, wherein we lease approximately 31,054 square feet on 4 floors. ) Tj ET Q q 0 0 0 rg BT 481.22 405.60 Td (The lease on this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 393.60 Td (location expires in 2023. ) Tj ET Q q 0 0 0 rg BT 181.27 393.60 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 80.45 381.60 Td (Phoenixville, P) Tj ET Q q 0 0 0 rg BT 140.65 381.60 Td (A) Tj ET Q q 0 0 0 rg BT 147.32 381.60 Td ( where we maintain a full service commercial bank branch and corporate of) Tj ET Q q 0 0 0 rg BT 449.22 381.60 Td (fices. ) Tj ET Q q 0 0 0 rg BT 472.92 381.60 Td (The lease on this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 369.60 Td (location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 357.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 357.60 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 504.19 357.60 Td (A) Tj ET Q q 0 0 0 rg BT 510.67 357.60 Td (venue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 345.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.29 345.60 Td (yomissing, P) Tj ET Q q 0 0 0 rg BT 140.05 345.60 Td (A. ) Tj ET Q q 0 0 0 rg BT 152.09 345.60 Td (The leased space covers a total of 23,719 square feet. ) Tj ET Q q 0 0 0 rg BT 367.37 345.60 Td (This lease expires in 2020. ) Tj ET Q q 0 0 0 rg BT 476.24 345.60 Td (Also, includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 333.60 Td (leased administrative of) Tj ET Q q 0 0 0 rg BT 175.79 333.60 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 80.45 321.60 Td (expiring in 2021, and an administrative of) Tj ET Q q 0 0 0 rg BT 248.29 321.60 Td (fice for Customers personnel in Shillington, P) Tj ET Q q 0 0 0 rg BT 430.96 321.60 Td (A, expiring in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 309.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 309.60 Td (Includes 7,327 square feet of leased space in Hamilton, NJ from which we conduct our mortgage warehouse activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 297.60 Td (The lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 285.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 285.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 285.60 Td (fices for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 319.19 285.60 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 48.95 273.60 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 273.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 273.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 273.60 Td (The lease on this location expires in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 261.60 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 261.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 261.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 261.60 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 249.60 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 249.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 249.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 249.60 Td (The lease on this location expires in 2023.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 237.60 Td (\(9\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 237.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 237.60 Td (fice. ) Tj ET Q q 0 0 0 rg BT 222.27 237.60 Td (The space is currently sublet to a third party) Tj ET Q q 0 0 0 rg BT 397.68 237.60 Td (. ) Tj ET Q q 0 0 0 rg BT 405.00 237.60 Td (The lease on this location expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 225.60 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 213.60 Td (\(10\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 213.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 213.60 Td (fices. One location is currently sublet to a third party \(expires in 2020\). Our new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 201.60 Td (location, utilized for Customers personnel, expires in 2027.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 189.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 56.91 189.60 Td (1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 189.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 189.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 189.60 Td (The lease on this location expires in 2021.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 177.60 Td (\(12\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 177.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 177.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 177.60 Td (The lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 165.60 Td (\(13\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 165.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 165.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 165.60 Td (The lease on this location expires in 2025.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 153.60 Td (\(14\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 153.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 153.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 153.60 Td (The lease on this location expires in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 141.60 Td (\(15\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 141.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 141.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 141.60 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 129.60 Td (\(16\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 129.60 Td (Includes facilities utilized by BankMobile for the acquired Disbursement business. Usage of the facility through June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 117.60 Td (30, 2017 is included in the ) Tj ET Q q 0 0 0 rg BT 188.87 117.60 Td (T) Tj ET Q q 0 0 0 rg BT 194.62 117.60 Td (ransition Services ) Tj ET Q q 0 0 0 rg BT 267.95 117.60 Td (Agreement. See NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 378.75 117.60 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 445.13 117.60 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 491.97 117.60 Td ( for more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 105.60 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.60 Td (The Bank branch locations, which range in size from approximately 1,500 to 6,100 square feet, have leases on these locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.60 Td (which expire between 2017 and 2025.) 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 (The total minimum net cash lease payments for our current branches, administrative of) Tj ET Q q 0 0 0 rg BT 397.21 742.10 Td (fices and mortgage warehouse lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (locations amount to approximately $325,000 per month.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 684.50 Td (Item3. ) Tj ET Q q 0 0 0 rg BT 86.00 684.50 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 684.50 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 158.75 684.50 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.50 Td (Halbreiner Matter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.50 Td (On December 16, 2016, Elizabeth Halbreiner and Robert Halbreiner \(Plaintif) Tj ET Q q 0 0 0 rg BT 362.76 638.50 Td (fs\) filed a Second ) Tj ET Q q 0 0 0 rg BT 441.90 638.50 Td (Amended Complaint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.50 Td (captioned) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.37 626.50 Td (Elizabeth Halbr) Tj ET Q q 0 0 0 rg BT 155.17 626.50 Td (einer and Robert Halbriener) Tj ET Q q 0 0 0 rg BT 268.76 626.50 Td (, v) Tj ET Q q 0 0 0 rg BT 277.46 626.50 Td (. Customers Bank, Robert B.White, Richar) Tj ET Q q 0 0 0 rg BT 446.78 626.50 Td (d ) Tj ET Q q 0 0 0 rg BT 454.10 626.50 Td (A. Ehst, Thomas Jastr) Tj ET Q q 0 0 0 rg BT 541.79 626.50 Td (em, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 614.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 614.50 Td (imothy D. Romig, ) Tj ET Q q 0 0 0 rg BT 127.88 614.50 Td (Andr) Tj ET Q q 0 0 0 rg BT 147.50 614.50 Td (ew Bowman, Michael Fuoco, Saldutti Law Gr) Tj ET Q q 0 0 0 rg BT 331.01 614.50 Td (oup f/k/a Saldutti, LLC a/k/a Saldutti Law) Tj ET Q q 0 0 0 rg BT 497.79 614.50 Td (, LLC, Robert ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 602.50 Td (L. Saldutti, LLC, Robert L. Saldutti, Esquir) Tj ET Q q 0 0 0 rg BT 222.16 602.50 Td (e, Brian J. Schaffer) Tj ET Q q 0 0 0 rg BT 298.53 602.50 Td (, Esquir) Tj ET Q q 0 0 0 rg BT 329.83 602.50 Td (e, Robert Lieber) Tj ET Q q 0 0 0 rg BT 393.98 602.50 Td (, Jr) Tj ET Q q 0 0 0 rg BT 406.21 602.50 Td (., Esquir) Tj ET Q q 0 0 0 rg BT 440.00 602.50 Td (e, Jay Sidhu, James Zar) Tj ET Q q 0 0 0 rg BT 535.17 602.50 Td (decki, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 590.50 Td (Zar) Tj ET Q q 0 0 0 rg BT 64.08 590.50 Td (decki ) Tj ET Q q 0 0 0 rg BT 87.50 590.50 Td (Associates LLC, No. 01419 in the First Judicial District of Pennsylvania, Court of Common Pleas of Philadelphia, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 578.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 578.50 Td (rial Division) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.84 578.50 Td (. In this Second ) Tj ET Q q 0 0 0 rg BT 170.01 578.50 Td (Amended Complaint, the Plaintif) Tj ET Q q 0 0 0 rg BT 302.59 578.50 Td (fs generally allege that Customers Bank, and the other named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.50 Td (defendants, conspired to misuse the legal system for improper purposes and it also alleges defamation, false light, tortious ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.50 Td (interference with contractual relations, infliction of emotional distress, negligent infliction of emotional distress and loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.50 Td (consortium) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 542.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 542.50 Td (On January 6, 2017, Customers Bank filed Preliminary Objections to the Complaint seeking dismissal of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.50 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 530.50 Td (f) Tj ET Q q 0 0 0 rg BT 83.14 530.50 Td () Tj ET Q q 0 0 0 rg BT 85.92 530.50 Td (s claims against Customers Bank and the employees of Customers Bank named as co-defendants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.83 530.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.33 530.50 Td ( Customers Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.50 Td (intends to vigorously defend itself against these allegations but is currently unable to predict the outcome of this lawsuit and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.50 Td (therefore cannot determine the likelihood of loss nor estimate a range of possible loss.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.35 506.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.50 Td (Lifestyle Healthcare Group, Inc. Matter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.50 Td (On January 9, 2017, Lifestyle Healthcare Group, Inc., et al \(Plaintif) Tj ET Q q 0 0 0 rg BT 324.45 462.50 Td (fs\) filed a Complaint captioned) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 458.30 462.50 Td (Lifestyle Healthcar) Tj ET Q q 0 0 0 rg BT 534.85 462.50 Td (e ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 450.50 Td (Gr) Tj ET Q q 0 0 0 rg BT 60.74 450.50 Td (oup, Inc.; Fr) Tj ET Q q 0 0 0 rg BT 111.47 450.50 Td (ed Rappaport; V) Tj ET Q q 0 0 0 rg BT 177.38 450.50 Td (ictoria Rappaport; Lifestyle Management Gr) Tj ET Q q 0 0 0 rg BT 356.99 450.50 Td (oup, LLC T) Tj ET Q q 0 0 0 rg BT 402.29 450.50 Td (rading as Lifestyle Real Estate I, LP; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 438.50 Td (Lifestyle Real Estate I GP) Tj ET Q q 0 0 0 rg BT 152.57 438.50 Td (, LLC; Daniel Muck; Lifestyle Management Gr) Tj ET Q q 0 0 0 rg BT 340.78 438.50 Td (oup, LLC; Lifestyle Management Gr) Tj ET Q q 0 0 0 rg BT 486.24 438.50 Td (oup, LLC T) Tj ET Q q 0 0 0 rg BT 531.54 438.50 Td (radign ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 426.50 Td (as L) Tj ET Q q 0 0 0 rg BT 66.66 426.50 Td (yfestyle I, LP) Tj ET Q q 0 0 0 rg BT 118.96 426.50 Td ( D/B/A) Tj ET Q q 0 0 0 rg BT 146.27 426.50 Td ( Lifestyle Medspa, Plaintiffs v) Tj ET Q q 0 0 0 rg BT 264.68 426.50 Td (. Customers Bank, Robert White; Saldutti Law) Tj ET Q q 0 0 0 rg BT 449.48 426.50 Td (, LLC a/k/a Saldutti Law ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 414.50 Td (Gr) Tj ET Q q 0 0 0 rg BT 60.74 414.50 Td (oup; Robert L. Saldutti, Esquir) Tj ET Q q 0 0 0 rg BT 184.26 414.50 Td (e; and Michael Fuoco, Civil ) Tj ET Q q 0 0 0 rg BT 299.60 414.50 Td (Action No. 01206, in the First Judicial District of Pennsylvania, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 402.50 Td (Court of Common Pleas of Philadelphia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.39 402.50 Td (. In this Complaint, which is related to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 384.69 402.50 Td (Halbr) Tj ET Q q 0 0 0 rg BT 408.21 402.50 Td (einer Matter described above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.23 402.50 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.50 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 390.50 Td (fs generally allege wrongful use of civil proceedings and abuse of process in connection with a case filed and later ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.50 Td (dismissed in federal court, titled, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 188.58 378.50 Td (Customers Bank v) Tj ET Q q 0 0 0 rg BT 260.61 378.50 Td (. Fr) Tj ET Q q 0 0 0 rg BT 275.23 378.50 Td (ed Rappaport, et al., U.S.D.C.E.D. Pa., No. 15-6145. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.50 378.50 Td ( On January 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.50 Td (2017, Customers Bank filed Preliminary Objections to the Complaint seeking dismissal of Plaintif) Tj ET Q q 0 0 0 rg BT 442.83 366.50 Td (f) Tj ET Q q 0 0 0 rg BT 446.71 366.50 Td () Tj ET Q q 0 0 0 rg BT 449.49 366.50 Td (s claims against Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.50 Td (Bank and Robert ) Tj ET Q q 0 0 0 rg BT 120.08 354.50 Td (White, named as co-defendants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.09 354.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.09 354.50 Td (In response to the Preliminary Objections, Lifestyle filed an ) Tj ET Q q 0 0 0 rg BT 494.69 354.50 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.50 Td (Complaint against Customers Bank and Robert ) Tj ET Q q 0 0 0 rg BT 240.91 342.50 Td (White. Customers Bank intends to vigorously defend itself against these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.50 Td (allegations but is currently unable to predict the outcome of this lawsuit and therefore cannot determine the likelihood of loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.50 Td (nor estimate a range of possible loss. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.50 Td (Civil Money Penalty Resolution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.50 Td (As previously disclosed, Customers Bank had been in discussions with the Board of Governors of the Federal Reserve \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.50 Td ("Federal Reserve Board"\) staf) Tj ET Q q 0 0 0 rg BT 169.88 262.50 Td (f regarding certain compliance matters relating to certain past activities of Higher One Holdings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 70.09 250.50 Td (T) Tj ET Q q 0 0 0 rg BT 75.50 250.50 Td (o settle these matters from 2013 and to move forward, on December 6, 2016, Customers Bank agreed to the issuance by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.50 Td (the Federal Reserve Board of a combined Order to Cease and Desist and Order of ) Tj ET Q q 0 0 0 rg BT 378.50 238.50 Td (Assessment of a Civil Money Penalty Issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.50 Td (Upon Consent Pursuant to the Federal Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 279.40 226.50 Td (Act, as amended \(the "Order"\) with respect to these matters. Pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.50 Td (to the terms of the Order) Tj ET Q q 0 0 0 rg BT 148.18 214.50 Td (, Customers Bank was, among other things, assessed a civil money penalty of $960,000. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.50 Td (had previously set aside a reserve for the civil money penalty and made payment in 2016. ) Tj ET Q q 0 0 0 rg BT 410.54 202.50 Td (Therefore, the civil money penalty) Tj ET Q q 0 0 0 rg BT 548.45 202.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.50 Td (and other provisions of the Order) Tj ET Q q 0 0 0 rg BT 182.62 190.50 Td (, will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 325.16 190.50 Td (fect on Customers' results of operations or the conduct of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.50 Td (Customers' business prospectively) Tj ET Q q 0 0 0 rg BT 186.69 178.50 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 156.50 Td (Item4. ) Tj ET Q q 0 0 0 rg BT 86.00 156.50 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 156.50 Td (Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 215.70 156.50 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.50 Td (Not ) Tj ET Q q 0 0 0 rg BT 66.95 138.50 Td (Applicable.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 742.25 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.85 Td (Item5. ) Tj ET Q q 0 0 0 rg BT 122.00 703.85 Td (Market For) Tj ET Q q 0 0 0 rg BT 172.07 703.85 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 222.52 703.85 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 299.21 703.85 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 390.96 703.85 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 474.39 703.85 Td ( Pur) Tj ET Q q 0 0 0 rg BT 492.82 703.85 Td (chases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 691.85 Td (Equity Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 661.85 Td (T) Tj ET Q q 0 0 0 rg BT 55.93 661.85 Td (rading Market for) Tj ET Q q 0 0 0 rg BT 134.06 661.85 Td ( ) Tj ET Q q 0 0 0 rg BT 136.38 661.85 Td (V) Tj ET Q q 0 0 0 rg BT 142.69 661.85 Td (oting Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.85 Td (Our common stock is traded on the New ) Tj ET Q q 0 0 0 rg BT 214.04 643.85 Td (Y) Tj ET Q q 0 0 0 rg BT 220.26 643.85 Td (ork Stock Exchange under the symbol CUBI. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.85 Td (Market Price of ) Tj ET Q q 0 0 0 rg BT 120.06 613.85 Td (V) Tj ET Q q 0 0 0 rg BT 126.36 613.85 Td (oting Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.85 Td (The chart below displays the high and low closing sale prices of the common stock of Customers Bancorp as reported on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.85 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 583.85 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 583.85 Td (ork Stock Exchange for each of the four quarters of 2016 and 2015. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 569.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 545.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 545.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 545.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 515.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 515.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 515.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 485.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 485.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 485.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 485.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 455.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 455.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 455.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 425.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 425.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 425.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 395.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 395.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 395.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 395.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 365.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 365.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 365.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 365.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 335.95 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 335.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 335.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 335.95 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 428.5 545.95 m 493.5 545.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 545.95 m 562.5 545.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.05 550.18 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.90 550.18 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 53 535.11259765625 m 73 535.11259765625 l s q 0 0 0 rg BT 53.00 536.68 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.52 Td (First quarter \(through February 28, 2017\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 520.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 520.62 Td (36.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 520.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 520.62 Td (33.83) 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 53 490.11259765625 m 73 490.11259765625 l s q 0 0 0 rg BT 53.00 491.68 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 475.62 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 475.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 475.62 Td (36.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 475.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 475.62 Td (24.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.52 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 460.62 Td (26.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 460.62 Td (23.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.52 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 445.62 Td (27.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 445.62 Td (22.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.52 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 430.62 Td (26.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 430.62 Td (21.78) 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 53 400.11259765625 m 73 400.11259765625 l s q 0 0 0 rg BT 53.00 401.68 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.52 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 385.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 385.62 Td (31.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 385.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 385.62 Td (24.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.52 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 370.62 Td (29.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 370.62 Td (22.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 355.62 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 355.62 Td (27.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 355.62 Td (24.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 340.62 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 340.62 Td (24.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 340.62 Td (17.96) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.45 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 297.45 Td (February28, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.04 297.45 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.46 297.45 Td (449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.46 297.45 Td ( shareholders of record and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 297.45 Td (30,469,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.80 297.45 Td ( shares outstanding of Customers Bancorp's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.45 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 285.45 Td (oting Common Stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 255.45 Td (Dividends on ) Tj ET Q q 0 0 0 rg BT 108.17 255.45 Td (V) Tj ET Q q 0 0 0 rg BT 114.48 255.45 Td (oting Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.45 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 50.00 225.45 Td (expect to do so in the foreseeable future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.45 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 475.73 207.45 Td (s board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.45 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 50.00 183.45 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 461.08 183.45 Td (V) Tj ET Q q 0 0 0 rg BT 467.01 183.45 Td (oting Common Stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.45 Td (including obligations to pay dividends to the holders of Customers Bancorp's issued and outstanding shares of preferred stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.45 Td (and other factors deemed relevant by the board of directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.45 Td (In addition, as a bank holding company) Tj ET Q q 0 0 0 rg BT 207.37 135.45 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 50.00 123.45 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 50.00 111.45 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 99.45 Td (company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 328.42 99.45 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 87.45 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 87.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.45 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 63.45 Td (capital levels, and limits exist on paying dividends in excess of net income for specified periods.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Beginning January1, 2015, the ability to pay dividends and the amounts that can be paid, will be limited to the extent the bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (capital ratios do not exceed the minimum required levels plus 250 basis points, as these requirements are phased in through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (January 1, 2019. See "Item 1, Business - Federal Banking Laws" for more information relating to restrictions on the Bank's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ability to pay dividends to the Bancorp and the Bancorp's payment of dividends.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Issuer) Tj ET Q q 0 0 0 rg BT 75.93 676.10 Td ( Pur) Tj ET Q q 0 0 0 rg BT 94.36 676.10 Td (chases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (On November26, 2013, the Bancorp) Tj ET Q q 0 0 0 rg BT 200.80 658.10 Td (s Board of Directors authorized a stock repurchase plan in which the Bancorp could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (acquire up to 5% of its current outstanding shares at prices not to exceed a 20% premium over the then current book value. ) Tj ET Q q 0 0 0 rg BT 543.55 646.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (repurchase program has no expiration date but may be suspended, modified or discontinued at any time, and the Bancorp has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (no obligation to repurchase any amount of its common stock under the program. ) Tj ET Q q 0 0 0 rg BT 376.13 622.10 Td (There were no common stock repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (during 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.50 580.10 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 265.58 580.10 Td ( COMPENSA) Tj ET Q q 0 0 0 rg BT 324.56 580.10 Td (TION PLANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The following table provides certain summary information as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.10 550.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.68 550.10 Td ( concerning our compensation plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (\(including individual compensation arrangements\) under which shares of our common stock may be issued.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 404.6 m 201.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 404.6 m 306.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 404.6 m 411.5 404.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 404.6 m 561.5 404.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 499.28 Td (Number of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.80 484.28 Td (Number of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.65 484.28 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 469.28 Td (to be Issued upon) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.05 469.28 Td (Available for Future Issuance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.60 454.28 Td (Exercise of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 454.28 Td (Weighted-Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 454.28 Td (Issuance Under Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.85 439.28 Td (Outstanding Options,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.25 439.28 Td (Exercise Price of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.20 439.28 Td (Compensation Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.85 424.28 Td (Warrants, and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.10 424.28 Td (Outstanding Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.30 424.28 Td (\(Excluding Securities Reflected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 409.28 Td (Plan Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.00 409.28 Td (Rights \(#\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.05 409.28 Td (\($\) \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 409.28 Td (in the First Column\) \(#\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 394.27 Td (Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 379.27 Td ( Approved by Security Holders \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 379.27 Td (4,605,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 379.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 379.27 Td (15.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.80 379.27 Td (1,360,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 379.27 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.27 Td (Equity Compensation Plans Not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 334.27 Td ( Approved by Security Holders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 334.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 334.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 334.28 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (\(1\) Includes shares of common stock that may be issued upon the exercise of awards granted or rights accrued under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (Amended and Restated Customers Bancorp, Inc. 2004 Incentive Equity and Deferred Compensation Plan, Customers Bancorp, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (Inc. 2010 Stock Option Plan, the Bonus Recognition and Retention Program \("BRRP"\), and Customers Bancorp, Inc. ) Tj ET Q q 0 0 0 rg BT 521.73 276.10 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (and Restated 2014 Employee Stock Purchase Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (\(2\) Does not include restricted stock units and stock awards for which, by definition, there exists no exercise price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (\(3\) Does not include securities available for future issuance under the BRRP) Tj ET Q q 0 0 0 rg BT 355.38 204.10 Td ( as there is no specific number of shares reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 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 50.00 180.10 Td (participants in the BRRP) Tj ET Q q 0 0 0 rg BT 148.61 180.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (Common Stock Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (The following graph compares the performance of our common stock over the period from December 31, 2012 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 120.10 Td (, to that of the total return index for the SNL) Tj ET Q q 0 0 0 rg BT 305.67 120.10 Td ( Mid-Atlantic Bank Index, SNL) Tj ET Q q 0 0 0 rg BT 432.78 120.10 Td ( U.S. Bank NASDAQ Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (and SNL) Tj ET Q q 0 0 0 rg BT 85.46 108.10 Td ( U.S. Bank NYSE Index, assuming an investment of $100 on December31, 2012. ) Tj ET Q q 0 0 0 rg BT 418.56 108.10 Td (The SNL) Tj ET Q q 0 0 0 rg BT 455.13 108.10 Td ( U.S. Bank NYSE Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 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 96.10 Td (V) Tj ET Q q 0 0 0 rg BT 389.52 96.10 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 84.10 Td (NASDAQ in December 2014. In calculating total annual shareholder return, reinvestment of dividends, if any) Tj ET Q q 0 0 0 rg BT 491.45 84.10 Td (, is assumed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (Customers Bancorp obtained the information contained in the performance graph from SNL) Tj ET Q q 0 0 0 rg BT 418.13 72.10 Td ( Financial.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The graph below is furnished under this Part II, Item5 of this ) Tj ET Q q 0 0 0 rg BT 297.73 742.10 Td (Annual Report on Form 10-K and shall not be deemed to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (soliciting material or to be filed with the Commission or subject to Regulation 14A) Tj ET Q q 0 0 0 rg BT 399.65 730.10 Td ( or 14C, or to the liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Section18 of the Exchange ) Tj ET Q q 0 0 0 rg BT 161.91 718.10 Td (Act of 1934, as amended. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.50 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.25 694.10 Td (otal Return Performance) Tj ET Q /GS0 gs q 512.00 0 0 286.85 50.00 390.24 cm /I27 Do Q BT /F1 10.00 Tf ET 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item6. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers Bancorp, Inc. and Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The following table presents Customers Bancorp) Tj ET Q q 0 0 0 rg BT 248.57 706.25 Td (s summary consolidated financial data. Customers Bancorp derived the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (balance sheet and income statement data for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.78 694.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.36 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.36 694.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.36 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.36 694.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.36 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.36 694.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.36 694.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 694.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.30 694.25 Td ( from its audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (financial statements. ) Tj ET Q q 0 0 0 rg BT 134.51 682.25 Td (The summary consolidated financial data should be read in conjunction with, and is qualified in their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (entirety by) Tj ET Q q 0 0 0 rg BT 92.39 670.25 Td (, Customers Bancorp) Tj ET Q q 0 0 0 rg BT 179.33 670.25 Td (s financial statements and the accompanying notes and the other information included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (elsewhere in this ) Tj ET Q q 0 0 0 rg BT 119.15 658.25 Td (Annual Report on Form 10-K. Certain amounts reported below have been reclassified to conform to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.04 658.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.04 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (presentation, including the presentation of BankMobile as discontinued operations. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 580.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 550.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 550.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 550.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 550.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 550.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 520.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 480.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 480.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 480.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 480.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 480.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 450.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 450.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 450.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 450.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 450.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 450.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 450.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 450.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 450.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 400.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 400.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 400.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 400.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 400.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 400.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 400.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 400.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 400.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 400.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 370.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 370.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 370.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 370.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 370.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 370.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 370.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 370.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 370.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 370.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 330.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 330.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 330.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 330.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 330.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 330.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 290.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 290.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 290.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 290.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 290.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 290.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 290.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 290.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 290.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 250.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 250.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 250.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 250.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 250.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 250.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 250.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 250.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 250.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 221.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 221.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 221.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 221.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 221.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 221.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 221.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 191.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 191.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 191.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 191.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 191.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 191.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 191.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 191.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 191.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 161.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 161.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 161.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 161.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 161.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 161.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 161.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 161.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 161.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 161.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 131.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 131.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 131.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 131.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 131.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 131.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 131.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 131.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 131.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 131.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 101.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 101.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 101.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 101.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 101.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 101.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 101.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 101.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 101.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 101.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 61.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 61.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 61.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 61.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 61.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 61.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 61.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 61.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 61.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 61.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 622.75 m 306.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 622.75 m 370.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 622.75 m 434.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 622.75 m 498.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 622.75 m 562.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 565.75 m 306.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 565.75 m 370.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 565.75 m 434.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 565.75 m 498.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 565.75 m 562.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 505.75 m 306.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 505.75 m 370.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 505.75 m 434.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 505.75 m 498.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 505.75 m 562.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 465.75 m 306.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 450.75 m 306.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 465.75 m 370.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 450.75 m 370.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 465.75 m 434.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 450.75 m 434.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 465.75 m 498.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 450.75 m 498.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 465.75 m 562.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 450.75 m 562.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 400.75 m 306.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 385.75 m 306.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 400.75 m 370.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 385.75 m 370.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 400.75 m 434.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 385.75 m 434.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 400.75 m 498.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 385.75 m 498.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 400.75 m 562.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 385.75 m 562.5 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 355.75 m 306.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 331.75 m 306.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 329.75 m 306.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 355.75 m 370.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 331.75 m 370.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 329.75 m 370.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 355.75 m 434.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 331.75 m 434.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 329.75 m 434.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 355.75 m 498.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 331.75 m 498.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 329.75 m 498.5 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 355.75 m 562.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 331.75 m 562.5 331.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 329.75 m 562.5 329.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 626.48 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 626.48 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 626.48 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 626.48 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 626.48 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 614.00 Td (\(dollars in thousands, except per share information\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 600.48 Td (For the Years Ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 586.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 585.42 Td (322,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 585.42 Td (249,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 585.42 Td (190,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 585.42 Td (128,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 585.42 Td (93,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 571.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 570.42 Td (73,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 570.42 Td (53,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 570.42 Td (38,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 570.42 Td (24,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 570.42 Td (21,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 556.32 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 555.42 Td (249,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 555.42 Td (196,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 555.42 Td (151,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 555.42 Td (103,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 555.42 Td (72,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.32 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 540.42 Td (2,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 540.42 Td (20,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 540.42 Td (14,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 540.42 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 540.42 Td (14,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 526.32 Td (Total non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 525.42 Td (23,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 525.42 Td (27,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 525.42 Td (25,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 525.42 Td (22,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 525.42 Td (28,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 511.32 Td (Total non-interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 510.42 Td (131,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 510.42 Td (107,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 510.42 Td (96,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 510.42 Td (73,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 510.42 Td (50,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 496.32 Td (Income from continuing operations before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 486.32 Td (income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 485.42 Td (139,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 485.42 Td (95,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 485.42 Td (65,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 485.42 Td (50,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 485.42 Td (36,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 471.32 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 470.42 Td (51,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 470.42 Td (32,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 470.42 Td (20,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 470.42 Td (17,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 470.42 Td (12,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 456.32 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 455.42 Td (87,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 455.42 Td (63,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 455.42 Td (44,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 455.42 Td (32,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 455.42 Td (23,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 441.32 Td (Loss from discontinued operations before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 431.32 Td (income taxes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.80 430.42 Td (\(14,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 430.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 430.47 Td (\(7,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 430.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 430.47 Td (\(2,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 430.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 430.47 Td (\(348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 430.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 430.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 416.32 Td (Income tax benefit from discontinued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 406.32 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 405.42 Td (\(5,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 405.47 Td (\(2,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 405.47 Td (\(808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 405.47 Td (\(132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 405.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 405.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 391.32 Td (Net loss from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.80 390.42 Td (\(9,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 390.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 390.47 Td (\(4,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 390.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 390.47 Td (\(1,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 390.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 390.47 Td (\(216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 390.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 390.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 376.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 375.42 Td (78,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 375.42 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 375.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 375.42 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 375.42 Td (23,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 361.32 Td (Preferred stock dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 360.42 Td (9,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 360.42 Td (2,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 360.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 360.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 360.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 346.32 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 336.32 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 335.42 Td (69,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 335.42 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 335.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 335.42 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 335.42 Td (23,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 321.32 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 306.32 Td (Basic earnings per common share from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 296.32 Td (continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 295.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 295.42 Td (2.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 295.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 295.42 Td (2.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 295.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 295.42 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 295.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 295.42 Td (1.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 295.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 295.42 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 281.32 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 280.42 Td (2.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 280.42 Td (2.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 280.42 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 280.42 Td (1.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 280.42 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 266.32 Td (Diluted earnings per common share from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 256.32 Td (continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 255.42 Td (2.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 255.42 Td (2.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 255.42 Td (1.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 255.42 Td ($) Tj ET 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 152.32 Td (Loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 151.42 Td (6,142,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 151.42 Td (5,452,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 151.42 Td (4,311,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 151.42 Td (2,464,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 151.42 Td (1,324,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 137.32 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 136.42 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 136.42 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 136.42 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 136.42 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 136.42 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 122.32 Td (FDIC loss sharing receivable \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 121.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 121.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 121.42 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 121.42 Td (10,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 121.42 Td (12,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 107.32 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 106.42 Td (6,846,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 106.42 Td (5,662,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 106.42 Td (4,296,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 106.42 Td (2,959,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 106.42 Td (2,440,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 92.32 Td (Deposits \(classified in liabilities held for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 82.32 Td (sale\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 81.42 Td (456,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 81.42 Td (247,068) Tj ET Q BT /F1 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306.50 483.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 483.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 483.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 483.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 483.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 483.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 483.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 483.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 433.50 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 433.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 433.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 433.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 433.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 433.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 433.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 433.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 433.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 433.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 404.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 404.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 404.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 404.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 404.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 404.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 404.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 404.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 404.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 364.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 364.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 364.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 364.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 364.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 364.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 364.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 364.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 364.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 334.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 334.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 334.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 334.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 334.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 334.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 334.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 334.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 334.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 284.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 284.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 284.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 284.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 284.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 284.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 284.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 284.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 284.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 284.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 244.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 244.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 244.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 244.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 244.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 244.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 244.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 244.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 244.50 60.00 -25.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 738.07 Td (Shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 737.17 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 737.17 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 737.17 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 737.17 Td (386,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 737.17 Td (269,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 723.07 Td (Tangible common equity \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 722.17 Td (620,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 722.17 Td (494,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 722.17 Td (439,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 722.17 Td (382,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 722.17 Td (265,786) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 708.23 Td (Selected Ratios and Share Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 694.07 Td (Return on average assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 693.17 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 693.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 693.17 Td (0.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 693.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 693.17 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 693.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 693.17 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 693.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 693.17 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 693.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 679.07 Td (Return on average common equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 678.17 Td (12.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 678.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 678.17 Td (11.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 678.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 678.17 Td (10.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 678.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 678.17 Td (9.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 678.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 678.17 Td (12.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 678.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 664.07 Td (Common book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 663.17 Td (21.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 663.17 Td (18.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 663.17 Td (16.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 663.17 Td (14.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 663.17 Td (13.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 649.07 Td (Tangible book value per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 639.07 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 638.17 Td (20.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 638.17 Td (18.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 638.17 Td (16.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 638.17 Td (14.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 638.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 638.17 Td (13.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 624.07 Td (Common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.60 623.17 Td (30,289,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 623.17 Td (26,901,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.60 623.17 Td (26,745,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 623.17 Td (26,646,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 623.17 Td (20,305,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 609.07 Td (Net interest margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 608.17 Td (2.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 608.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 608.17 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 608.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 608.17 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 608.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 608.17 Td (3.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 608.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 608.17 Td (3.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 608.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 594.07 Td (Equity to assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 593.17 Td (9.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 593.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 593.17 Td (6.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 593.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 593.17 Td (6.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 593.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 593.17 Td (9.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 593.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 593.17 Td (8.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 593.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 579.07 Td (Tangible common equity to tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 569.07 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 568.17 Td (6.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 568.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 568.17 Td (5.89) 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 (6.45) 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 (9.23) 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 (8.31) 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 (Tier 1 leverage ratio Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 553.17 Td (9.23) 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 (7.30) 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 (7.39) 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 467.15 553.17 Td (10.81) 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 (7.74) 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 (Tier 1 leverage ratio Customers Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 538.17 Td (9.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 538.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 538.17 Td (7.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 538.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 538.17 Td (6.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 538.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 538.17 Td (10.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 538.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 538.17 Td (9.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 538.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 524.07 Td (Tier 1 risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 514.07 Td (Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 513.17 Td (11.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 513.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 513.17 Td (8.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 513.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 513.17 Td (9.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 513.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 513.17 Td (13.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 513.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 513.17 Td (8.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 513.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 499.07 Td (Tier 1 risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 489.07 Td (Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 488.17 Td (11.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 488.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 488.17 Td (8.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 488.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 488.17 Td (8.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 488.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 488.17 Td (12.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 488.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 488.17 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 488.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 474.07 Td (Total risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 464.07 Td (Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 463.17 Td (13.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 463.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 463.17 Td (10.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 463.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 463.17 Td (11.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 463.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 463.17 Td (14.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 463.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 463.17 Td (9.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 463.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 449.07 Td (Total risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 439.07 Td (Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 438.17 Td (13.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 438.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 438.17 Td (10.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 438.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 438.17 Td (11.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 438.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 438.17 Td (13.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 438.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 438.17 Td (11.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 438.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 424.23 Td (Asset Quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 410.07 Td (Non-performing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 409.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 409.17 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 409.17 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 409.17 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 409.17 Td (32,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 395.07 Td (Non-performing loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 385.07 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 384.17 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 384.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 384.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 384.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 384.17 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 384.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 384.17 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 384.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 384.17 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 384.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 370.07 Td (Non-performing loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 369.17 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 369.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 369.17 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 369.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 369.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 369.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 369.17 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 369.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 369.17 Td (1.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 369.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 355.07 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 354.17 Td (3,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 354.17 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 354.17 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 354.17 Td (12,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 354.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 354.17 Td (8,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.07 Td (Non-performing assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 339.17 Td (20,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 339.17 Td (15,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 339.17 Td (27,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 339.17 Td (31,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 339.17 Td (40,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 325.07 Td (Non-performing assets to total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 314.17 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 314.17 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 314.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 314.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 314.17 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 300.07 Td (Allowance for loan losses to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 290.07 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 289.17 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 289.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 289.17 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 289.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 289.17 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 289.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 289.17 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 289.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 289.17 Td (1.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 289.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 275.07 Td (Allowance for loan losses to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 265.07 Td (performing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 264.17 Td (209.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 264.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 264.17 Td (330.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 264.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 264.17 Td (263.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 264.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 264.17 Td (125.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 264.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 264.17 Td (78.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 264.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 250.07 Td (Net charge-offs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 249.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 249.17 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 249.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 249.17 Td (11,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 249.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 249.17 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 249.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 249.17 Td (6,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 249.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 249.17 Td (5,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 235.07 Td (Net charge-offs to average total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 225.07 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 224.17 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 224.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 224.17 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 224.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 224.17 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 224.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 224.17 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 224.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 224.17 Td (0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 224.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.50 Tf ET q 0 0 0 rg BT 48.95 197.80 Td (1. ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 197.80 Td (BankMobile's results are reflected in discontinued operations. ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 48.95 187.60 Td (2. ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 187.60 Td (In ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 89.66 187.60 Td (2016) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 106.66 187.60 Td (, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.91 187.60 Td (2015) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 127.91 187.60 Td ( and ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 144.43 187.60 Td (2014) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 161.43 187.60 Td (, loans held for sale included ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 261.28 187.60 Td ($2,1) Tj ET Q q 0 0 0 rg BT 275.84 187.60 Td (16,815) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 299.21 187.60 Td (, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.46 187.60 Td ($1,754,950) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 341.71 187.60 Td ( and $1,332,019 of mortgage warehouse loans at fair value, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 177.40 Td (respectively) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 48.95 167.20 Td (3. ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 167.20 Td (The FDIC loss sharing receivable, as of December 2015, is included in "Accrued interest payable and other liabilities" net of the clawback ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 157.00 Td (liability) Tj ET Q q 0 0 0 rg BT 106.34 157.00 Td (.) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 48.95 146.80 Td (4. ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 146.80 Td (Borrowings includes FHLB advances, Federal funds purchased, Subordinated debt, and other borrowings) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 48.95 136.60 Td (5. ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 136.60 Td (Customers) Tj ET Q q 0 0 0 rg BT 119.01 136.60 Td ( selected financial data contains non-GAAP) Tj ET Q q 0 0 0 rg BT 267.64 136.60 Td ( financial measures calculated using non-GAAP) Tj ET Q q 0 0 0 rg BT 430.91 136.60 Td ( amounts. ) Tj ET Q q 0 0 0 rg BT 465.93 136.60 Td (These measures include ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 126.40 Td (tangible common equity and tangible book value per common share and tangible common equity to tangible assets. Management uses these ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 116.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 118.86 116.20 Td ( measures to present historical periods comparable to the current period presentation. In addition, management believes the use of ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 106.00 Td (these non-GAAP) Tj ET Q q 0 0 0 rg BT 138.45 106.00 Td ( measures provides additional clarity when assessing the Bancorp) Tj ET Q q 0 0 0 rg BT 363.65 106.00 Td (s financial results and use of equity) Tj ET Q q 0 0 0 rg BT 483.02 106.00 Td (. ) Tj ET Q q 0 0 0 rg BT 487.11 106.00 Td (These disclosures ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 95.80 Td (should not be viewed as substitutes for results determined to be in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 403.64 95.80 Td (, nor are they necessarily comparable to non-) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 85.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 103.28 85.60 Td ( performance measures that may be presented by other entities. Customers Bancorp calculates tangible common equity by excluding ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 75.40 Td (intangible assets from total shareholders) Tj ET Q q 0 0 0 rg BT 219.56 75.40 Td ( equity) Tj ET Q q 0 0 0 rg BT 242.38 75.40 Td (. ) Tj ET Q q 0 0 0 rg BT 246.48 75.40 Td (T) Tj ET Q q 0 0 0 rg BT 251.08 75.40 Td (angible book value per common share equals tangible common equity divided by common ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 80.45 65.20 Td (shares outstanding.) 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 81.50 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 88.17 742.10 Td ( reconciliation of shareholders) Tj ET Q q 0 0 0 rg BT 212.10 742.10 Td ( equity to tangible common equity and other related amounts is set forth below) Tj ET Q q 0 0 0 rg BT 526.66 742.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 727.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.20 191.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 601.20 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 501.20 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 704.2 m 302.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 704.2 m 367.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 704.2 m 432.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 704.2 m 497.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 704.2 m 562.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 646.2 m 302.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 646.2 m 367.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 646.2 m 432.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 646.2 m 497.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 646.2 m 562.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 646.2 m 302.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 632.2 m 302.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 630.2 m 302.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 646.2 m 367.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 632.2 m 367.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 630.2 m 367.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 646.2 m 432.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 632.2 m 432.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 630.2 m 432.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 646.2 m 497.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 632.2 m 497.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 630.2 m 497.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 632.2 m 562.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 630.2 m 562.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 576.2 m 302.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 576.2 m 367.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 576.2 m 432.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 576.2 m 497.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 576.2 m 562.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 562.2 m 302.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 560.2 m 302.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 562.2 m 367.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 560.2 m 367.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 562.2 m 432.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 560.2 m 432.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 562.2 m 497.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 560.2 m 497.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 562.2 m 562.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 560.2 m 562.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 560.2 m 302.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 562.2 m 302.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 560.2 m 367.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 562.2 m 367.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 560.2 m 432.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 562.2 m 432.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 560.2 m 497.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 562.2 m 497.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 560.2 m 562.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 562.2 m 562.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 531.2 m 302.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 517.2 m 302.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 515.2 m 302.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 531.2 m 367.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 517.2 m 367.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 515.2 m 367.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 531.2 m 432.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 517.2 m 432.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 515.2 m 432.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 531.2 m 497.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 517.2 m 497.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 515.2 m 497.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 531.2 m 562.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 517.2 m 562.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 515.2 m 562.5 515.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.50 708.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 708.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 708.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.50 708.43 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 708.43 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 695.43 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 244.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 680.87 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 680.87 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 680.87 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 680.87 Td (386,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 680.87 Td (269,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 666.77 Td (Less: intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.80 665.87 Td (\(17,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.80 665.92 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 665.92 Td (\(3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 665.92 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 665.92 Td (\(3,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.77 Td (Less: preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 650.87 Td (\(217,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 650.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 650.92 Td (\(55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 650.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.77 Td (Tangible common equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 635.87 Td (620,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 635.87 Td (494,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 635.87 Td (439,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 635.87 Td (382,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 635.87 Td (265,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.77 Td (Shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 620.87 Td (30,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 620.87 Td (26,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 620.87 Td (26,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 620.87 Td (26,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 620.87 Td (20,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.77 Td (Common book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 605.87 Td (21.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 605.87 Td (18.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 605.87 Td (16.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 605.87 Td (14.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 605.87 Td (13.27) 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) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 581.77 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.80 580.87 Td (\(0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 580.92 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 580.92 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 580.92 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 580.92 Td (\(0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.77 Td (Common tangible book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 565.87 Td (20.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 565.87 Td (18.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 565.87 Td (16.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 565.87 Td (14.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 565.87 Td (13.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.77 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 550.87 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 550.87 Td (8,398,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.60 550.87 Td (6,821,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.60 550.87 Td (4,150,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 550.87 Td (3,201,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 536.77 Td (Less: intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.80 535.87 Td (\(17,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.80 535.92 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 535.92 Td (\(3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 535.92 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 535.92 Td (\(3,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.77 Td (Total tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 520.87 Td (9,365,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 520.87 Td (8,394,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.60 520.87 Td (6,817,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.60 520.87 Td (4,146,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 520.87 Td (3,197,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.77 Td (Equity to assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 490.87 Td (9.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 490.87 Td (6.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 490.87 Td (6.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 490.87 Td (9.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 490.87 Td (8.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.77 Td (Tangible common equity to tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 475.87 Td (6.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 475.87 Td (5.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 475.87 Td (6.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 475.87 Td (9.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 475.87 Td (8.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 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 50.00 742.25 Td (Item7. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Management) Tj ET Q q 0 0 0 rg BT 181.06 742.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 253.04 742.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (This Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 194.18 724.25 Td (Analysis should be r) Tj ET Q q 0 0 0 rg BT 275.20 724.25 Td (ead in conjunction with Business Executive Summary and the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 86.48 712.25 Td (s consolidated financial statements and r) Tj ET Q q 0 0 0 rg BT 250.26 712.25 Td (elated notes for the year ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 376.34 712.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 454.93 712.25 Td (. Certain amounts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 700.25 Td (eported in the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 111.56 700.25 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.56 700.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 151.56 700.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.56 700.25 Td ( financial statements have been r) Tj ET Q q 0 0 0 rg BT 303.11 700.25 Td (eclassified to conform to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.92 700.25 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 438.92 700.25 Td ( pr) Tj ET Q q 0 0 0 rg BT 449.94 700.25 Td (esentation.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 4 - SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 548.16 616.25 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) Tj ET Q q 0 0 0 rg BT 404.81 484.25 Td (-Sale Securities and Other) Tj ET Q q 0 0 0 rg BT 509.30 484.25 Td (-Than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 472.25 Td (emporary Impairment ) Tj ET Q q 0 0 0 rg BT 144.82 472.25 Td (Analysis, Fair ) Tj ET Q q 0 0 0 rg BT 203.25 472.25 Td (V) Tj ET Q q 0 0 0 rg BT 209.37 472.25 Td (alues of Financial Instruments, ) Tj ET Q q 0 0 0 rg BT 334.62 472.25 Td (Accounting for Purchased-Credit-Impaired \(PCI\) Loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Deferred Income ) Tj ET Q q 0 0 0 rg BT 120.33 460.25 Td (T) Tj ET Q q 0 0 0 rg BT 125.74 460.25 Td (axes, and Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 290.42 460.25 Td (Assets.) 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 158.62 436.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Customers maintains an allowance for loan losses at a level management believes is suf) Tj ET Q q 0 0 0 rg BT 400.55 412.25 Td (ficient to absorb estimated credit losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (incurred as of the report date.Management) Tj ET Q q 0 0 0 rg BT 225.21 400.25 Td (s determination of the adequacy of the allowance is based on periodic evaluations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (of the loan portfolio and other relevant factors. However) Tj ET Q q 0 0 0 rg BT 275.90 388.25 Td (, this evaluation is inherently subjective as it requires significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (estimates by management. Consideration is given to a variety of factors in establishing these estimates including historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (losses, peer and industry data, current economic conditions, the size and composition of the loan portfolio, delinquency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (statistics, criticized and classified assets and impaired loans, results of internal loan reviews, borrowers) Tj ET Q q 0 0 0 rg BT 464.69 352.25 Td ( perceived financial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (management strengths, the adequacy of underlying collateral, the dependence on collateral, or the strength of the present value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (of future cash flows and other relevant factors.) Tj ET Q q 0 0 0 rg BT 238.91 328.25 Td (These factors may be susceptible to significant change.) Tj ET Q q 0 0 0 rg BT 461.71 328.25 Td (T) Tj ET Q q 0 0 0 rg BT 467.12 328.25 Td (o the extent actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (outcomes dif) Tj ET Q q 0 0 0 rg BT 101.75 316.25 Td (fer from management estimates, additional provisions for loan losses may be required which may adversely af) Tj ET Q q 0 0 0 rg BT 542.55 316.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (Customers' results of operations in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Subsequent to the acquisition of purchased-credit-impaired loans, estimates of cash flows expected to be collected are updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (each reporting period based on updated assumptions regarding default rates, loss severities, and other factors that are reflective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (of current market conditions. Subsequent decreases in expected cash flows will generally result in a provision for loan losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 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 534.95 244.25 Td (ges.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Stock-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.70 220.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Customers recognizes compensation expense for share-based awards in accordance with ) Tj ET Q q 0 0 0 rg BT 405.42 196.25 Td (ASC 718, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 447.38 196.25 Td (Compensation Stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.28 184.25 Td ( Expense related to stock option awards is based on the fair value of the option at the grant date, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (compensation expense recognized over the service period, which is usually the vesting period.For performance based awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (compensation cost is recognized over the vesting period as long as it remains probable that the performance conditions will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (met. If the service or performance conditions are not met, Customers reverses previously recorded compensation expense upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (forfeiture. Customers utilizes the Black-Scholes option-pricing model to estimate the fair value of each option on the date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (grant.) Tj ET Q q 0 0 0 rg BT 75.37 124.25 Td (The Black-Scholes model takes into consideration the exercise price of the option, the expected life of the option, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (current price of the underlying stock and its expected volatility) Tj ET Q q 0 0 0 rg BT 300.66 112.25 Td (, expected dividends on the stock, and the current risk-free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (interest rate for the expected life of the option. Customers' estimate of the fair value of a stock option is based on expectations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (derived from its limited historical experience and may not necessarily equate to market value when fully vested.) 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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Unr) Tj ET Q q 0 0 0 rg BT 65.74 742.10 Td (ealized Gains and Losses on Securities ) Tj ET Q q 0 0 0 rg BT 223.89 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 229.44 742.10 Td (vailable for Saleand Other) Tj ET Q q 0 0 0 rg BT 338.67 742.10 Td (-Than-T) Tj ET Q q 0 0 0 rg BT 370.54 742.10 Td (emporary Impairment ) Tj ET Q q 0 0 0 rg BT 460.90 742.10 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Customers receives estimated fair values of debt securities from independent valuation services and brokers.In developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (these fair values, the valuation services and brokers use estimates of cash flows based on historical performance of similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (instruments in similar rate environments.Debt securities available for sale consist primarily of mortgage-backed securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (issued byU.S. government-sponsored agencies.Customers uses various indicators in determining whether a security is other) Tj ET Q q 0 0 0 rg BT 549.14 682.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (than-temporarily impaired including, for debt securities, when it is probable that the contractual interest and principal will not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (be collected, or for equity securities, whether the market value is below its cost for an extended period of time with low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (expectation of recovery) Tj ET Q q 0 0 0 rg BT 143.75 646.10 Td (.) Tj ET Q q 0 0 0 rg BT 148.56 646.10 Td (The debt securities are monitored for changes in credit ratings because adverse changes in credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (ratings could indicate a change in the estimated cash flows of the underlying collateral or issuer) Tj ET Q q 0 0 0 rg BT 431.82 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (For marketable equity securities, Customers considers the issuer) Tj ET Q q 0 0 0 rg BT 307.53 610.10 Td () Tj ET Q q 0 0 0 rg BT 310.31 610.10 Td (s financial condition, capital strength and near term prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (to determine whether an impairment is temporary or other) Tj ET Q q 0 0 0 rg BT 281.94 598.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 346.26 598.10 Td (. Customers also considers the volatility of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (security) Tj ET Q q 0 0 0 rg BT 84.43 586.10 Td (s price in comparison to the market as a whole and any recoveries or declines in fair value subsequent to the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (sheet date. If management determines that the impairment is other) Tj ET Q q 0 0 0 rg BT 314.15 574.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 378.47 574.10 Td (, the entire amount of the impairment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (the balance sheet date is recognized in earnings even if the decision to sell the security has not been made. ) Tj ET Q q 0 0 0 rg BT 477.16 562.10 Td (The fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (security becomes the new amortized cost basis of the investment and is not adjusted for subsequent recoveries in fair value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (At December 31, 2016, management evaluated its available-for) Tj ET Q q 0 0 0 rg BT 303.31 526.10 Td (-sale debt securities for other) Tj ET Q q 0 0 0 rg BT 419.17 526.10 Td (-than-temporary impairment. ) Tj ET Q q 0 0 0 rg BT 537.56 526.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (unrealized losses associated with the available-for) Tj ET Q q 0 0 0 rg BT 250.00 514.10 Td (-sale debt securities were not considered to be other) Tj ET Q q 0 0 0 rg BT 456.94 514.10 Td (-than-temporarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (impaired at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.76 502.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.34 502.10 Td ( because the losses were related to changes in interest rates and did not af) Tj ET Q q 0 0 0 rg BT 469.38 502.10 Td (fect the expected cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (flows of the underlying collateral or issuer) Tj ET Q q 0 0 0 rg BT 219.40 490.10 Td (. Customers does not intend to sell these securities and it is not more likely than not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (that Customers will be required to sell the securities before recovery of the amortized cost basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (At December 31, 2016, management evaluated its equity holdings issued by a foreign entity for other) Tj ET Q q 0 0 0 rg BT 454.97 454.10 Td (-than-temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (impairment. Management determined it no longer had the intent to hold the securities until a recovery in fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 430.10 Td (, Customers recognized an other) Tj ET Q q 0 0 0 rg BT 228.26 430.10 Td (-than-temporarily impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.78 430.10 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 430.10 Td ( on these securities for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 418.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 418.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 75.28 394.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 394.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (between market participants, other than in a forced or liquidation sale as of the measurement date \(also referred to as an exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (price\). Management estimates the fair values of financial instruments using a variety of valuation methods. ) Tj ET Q q 0 0 0 rg BT 479.97 346.10 Td (When financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (instruments are actively traded and have quoted market prices, the quoted market prices are used for fair value. ) Tj ET Q q 0 0 0 rg BT 496.30 334.10 Td (When the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (financial instruments are not actively traded, other observable market inputs, such as quoted prices of securities with similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (characteristics, may be used, if available, to determine fair value. ) Tj ET Q q 0 0 0 rg BT 312.48 310.10 Td (When observable market prices do not exist, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (estimates fair value using unobservable data. ) Tj ET Q q 0 0 0 rg BT 231.70 298.10 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 50.00 286.10 Td (assets or liabilities, rates of estimated credit losses, interest rates or discount rates, and collateral. ) Tj ET Q q 0 0 0 rg BT 439.42 286.10 Td (The best estimate of fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 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 50.00 262.10 Td (recovery rates, credit ratings, current delinquency rates, loan-to-value ratios and the possibility of obligor refinancing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (U.S.GAAP) Tj ET Q q 0 0 0 rg BT 97.14 250.10 Td ( requires the use of fair values in determining the carrying values of certain assets and liabilities, as well as for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (specific disclosures.) Tj ET Q q 0 0 0 rg BT 132.85 238.10 Td (The most significant uses of fair values include residential mortgage loans acquired subject to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (agreement to resell, residential mortgage loans originated with an intent to sell, available-for) Tj ET Q q 0 0 0 rg BT 419.67 226.10 Td (-sale investment securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 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 50.00 202.10 Td (For additional information, refer to NOTE20 DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 311.08 202.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 345.35 202.10 Td ( F) Tj ET Q q 0 0 0 rg BT 352.67 202.10 Td (AIR ) Tj ET Q q 0 0 0 rg BT 372.21 202.10 Td (V) Tj ET Q q 0 0 0 rg BT 378.14 202.10 Td (ALUE OF FINANCIAL) Tj ET Q q 0 0 0 rg BT 476.10 202.10 Td ( INSTRUMENTS.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 178.10 Td (chased Cr) Tj ET Q q 0 0 0 rg BT 105.09 178.10 Td (edit-Impair) Tj ET Q q 0 0 0 rg BT 150.26 178.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (For certain acquired loans that have experienced a deterioration of credit quality) Tj ET Q q 0 0 0 rg BT 370.04 154.10 Td (, Customers follows the guidance contained in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (ASC310-30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.28 142.10 Td (Loans and Debt Securities ) Tj ET Q q 0 0 0 rg BT 213.43 142.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 240.27 142.10 Td (ed with Deteriorated Cr) Tj ET Q q 0 0 0 rg BT 336.28 142.10 Td (edit Quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 142.10 Td (. Purchased credit-impaired loans are loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 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 50.00 118.10 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 50.00 106.10 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 94.10 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 70.10 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 70.10 Td (ference and, if appropriate, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (accretable yield. ) Tj ET Q q 0 0 0 rg BT 117.83 58.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 146.81 58.10 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 46.10 Td (collected at acquisition is the nonaccretable dif) Tj ET Q q 0 0 0 rg BT 237.52 46.10 Td (ference, which is not included in the carrying amount of acquired loans. ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Subsequent to acquisition, estimates of cash flows expected to be collected are updated each reporting period based on updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assumptions regarding default rates, loss severities, and other factors that are reflective of current market conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Subsequent decreases in the estimated cash flows of the loan will generally result in a provision for loan losses. Subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (increases 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 448.31 706.10 Td (ges, or a reclassification of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 75.64 694.10 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 558.37 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 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 50.00 658.10 Td (and timing of those cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 50.00 622.10 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 111.64 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 118.31 622.10 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 50.00 610.10 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (collected over the remaining life of each pool. ) Tj ET Q q 0 0 0 rg BT 236.68 598.10 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 50.00 586.10 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 50.00 574.10 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 50.00 562.10 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 408.63 562.10 Td (, when the timing and amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 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 50.00 538.10 Td (being reported as performing loans. Char) Tj ET Q q 0 0 0 rg BT 214.21 538.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 235.13 538.10 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 50.00 526.10 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 50.00 502.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 502.10 Td (ed Income T) Tj ET Q q 0 0 0 rg BT 124.80 502.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Customers provides for deferred income taxes on the liability method whereby tax assets are recognized for deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 104.52 466.10 Td (ferences and deferred tax liabilities are recognized for taxable temporary dif) Tj ET Q q 0 0 0 rg BT 408.63 466.10 Td (ferences. ) Tj ET Q q 0 0 0 rg BT 446.75 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 452.16 466.10 Td (emporary dif) Tj ET Q q 0 0 0 rg BT 503.91 466.10 Td (ferences are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (the dif) Tj ET Q q 0 0 0 rg BT 75.64 454.10 Td (ferences between the reported amounts of assets and liabilities in the financial statements and their tax basis. Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the ef) Tj ET Q q 0 0 0 rg BT 510.75 430.10 Td (fects of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (changes in tax laws and rates on the date of enactment.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 176.48 394.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Goodwill represents the excess of cost over the identifiable net assets of businesses acquired. Other intangible assets represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (rights. Intangible assets that have finite lives, such as customer and university relationship intangibles and non-compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (agreements, are amortized over their estimated useful lives and subject to periodic impairment testing. Goodwill and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (intangible assets recognized as part of the Disbursement business acquisition were based on a preliminary allocation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (purchase price. In fourth quarter 2016, Customers recorded adjustments to the estimated fair values of the net assets acquired, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.31 298.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.20 298.10 Td ( increase in goodwill. For more information regarding the net assets acquired and goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (recorded upon acquisition of the Disbursement business, see NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 336.05 286.10 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 402.44 286.10 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 448.36 286.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Goodwill and other intangible assets are reviewed for impairment annually as of October 31 and between annual tests when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (events and circumstances indicate that impairment may have occurred. Impairment of goodwill is a condition that exists when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (the carrying amount exceeds its implied fair value. ) Tj ET Q q 0 0 0 rg BT 257.15 244.10 Td (A) Tj ET Q q 0 0 0 rg BT 263.82 244.10 Td ( qualitative factor test can be performed to determine whether it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (necessary to perform the two-step quantitative impairment test. If the results of the qualitative review indicate that it is unlikely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (\(less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.55 220.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.88 220.10 Td ( probability\) that the carrying value of the reporting unit exceeds its fair value, no further evaluation needs to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (performed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Intangible assets subject to amortization are reviewed for impairment under ) Tj ET Q q 0 0 0 rg BT 354.34 190.10 Td (ASC 360 which requires that a long-lived asset or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (asset group be tested for recoverability whenever events or changes in circumstances indicate that the carrying value may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (be recoverable. ) Tj ET Q q 0 0 0 rg BT 115.89 166.10 Td (The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (expected to result from the use and eventual disposition of the asset.) 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 /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 the 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (BankMobile, a division of Customers Bank, derives the majority of its revenue from interchange and card revenue earned from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (the Disbursement business acquired from Higher One. In fourth quarter 2016, Customers decided to sell BankMobile and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (anticipates the sale to close in third quarter 2017. ) Tj ET Q q 0 0 0 rg BT 250.78 556.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 300.11 556.25 Td (, BankMobile has been classified as "held for sale" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (consolidated balance sheets and BankMobile's operating results have been presented as discontinued operations in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (accompanying consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (2017 Economic Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (U.S. Real GDP) Tj ET Q q 0 0 0 rg BT 110.74 481.25 Td ( is forecast to grow 2.0% to 3.0% during 2017. ) Tj ET Q q 0 0 0 rg BT 302.38 481.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 352.29 481.25 Td (, a dichotomy could develop between the U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (global economies as a result of President ) Tj ET Q q 0 0 0 rg BT 215.61 469.25 Td (T) Tj ET Q q 0 0 0 rg BT 221.37 469.25 Td (rump) Tj ET Q q 0 0 0 rg BT 245.25 469.25 Td (s policies \(e.g., higher tarif) Tj ET Q q 0 0 0 rg BT 352.54 469.25 Td (fs on trade, curbing illegal immigration, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (federal stimulus, and tax cuts for corporations and ) Tj ET Q q 0 0 0 rg BT 252.45 457.25 Td (Americans\), with the U.S. getting a short-term pickup in GDP) Tj ET Q q 0 0 0 rg BT 500.37 457.25 Td ( growth while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (global growth is dampened by U.S. economic policy) Tj ET Q q 0 0 0 rg BT 259.59 445.25 Td (. Sectors tied closely to the domestic economy should fare better than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (those sectors that are more closely tied to the global economy) Tj ET Q q 0 0 0 rg BT 295.94 433.25 Td (. ) Tj ET Q q 0 0 0 rg BT 303.26 433.25 Td (The U.S. economy is forecast to expand 2.2% in 2017 from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (around 1.6% in 2016, as consumer spending is bolstered by healthy employment and wage prospects, despite continued weak ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (business investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (While inflation has remained below the Federal Reserve's tar) Tj ET Q q 0 0 0 rg BT 293.75 388.25 Td (get of 2% \(1.7% through the 12 months ended November 30, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (as published by the U.S. government on December 15, 2016\), it is expected to climb to 2.2% in 2017 and 2.4% in 2018. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (current projections are correct, it would be the first stretch of sustained inflation above 2% since before the recession of 2007 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (2009.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (Since lift of) Tj ET Q q 0 0 0 rg BT 101.47 331.25 Td (f in mid-December 2015 and an additional 25 basis points interest rate increase in mid-December 2016, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (expected that the Federal Reserve will continue to raise the overnight rate, increasing it three times during 2017. For these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (interest rate hikes to occur) Tj ET Q q 0 0 0 rg BT 155.11 307.25 Td (, the CPI and PCE deflators will need to continue to approach the Federal Reserve's 2% tar) Tj ET Q q 0 0 0 rg BT 518.02 307.25 Td (get and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (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 50.00 274.25 Td (While the outlook in the U.S. remains optimistic in the short run, the ) Tj ET Q q 0 0 0 rg BT 327.00 274.25 Td (T) Tj ET Q q 0 0 0 rg BT 332.76 274.25 Td (rump administration) Tj ET Q q 0 0 0 rg BT 416.91 274.25 Td (s policies are likely to result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (higher U.S. interest rates and a stronger dollar) Tj ET Q q 0 0 0 rg BT 233.71 262.25 Td (, which could have a significantly adverse impact on the global economy) Tj ET Q q 0 0 0 rg BT 524.64 262.25 Td (. In the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (longer run, however) Tj ET Q q 0 0 0 rg BT 130.41 250.25 Td (, these policies could also have a negative impact on U.S. growth as the boost from the fiscal stimulus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (diminishes and President ) Tj ET Q q 0 0 0 rg BT 152.31 238.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.07 238.25 Td (rump) Tj ET Q q 0 0 0 rg BT 181.95 238.25 Td (s other policies \(e.g., higher tarif) Tj ET Q q 0 0 0 rg BT 312.29 238.25 Td (fs, curtailed immigration, and tighter monetary policy by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Federal Reserve\) ultimately begin to weigh on domestic growth. In Customers Bancorp's market area, management sees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (continued moderate \(2.0% to 3.0%\) growth in 2017, the housing market continuing to improve, and unemployment improving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (or at least remaining at current levels during the year) Tj ET Q q 0 0 0 rg BT 260.75 202.25 Td (. Management is seeing improvement in loan demand in the Bank's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (commercial and industrial, multi-family and commercial real estate loan portfolios, although the market for multi-family loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (is expected to be down by 25% to 30% in 2017 \(with the Bank being down approximately 20% because it is better positioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (than the lar) Tj ET Q q 0 0 0 rg BT 94.80 166.25 Td (ge banks with exposure to a lot of potential refinance activity\). ) Tj ET Q q 0 0 0 rg BT 350.00 166.25 Td (As the ) Tj ET Q q 0 0 0 rg BT 378.15 166.25 Td (T) Tj ET Q q 0 0 0 rg BT 383.91 166.25 Td (rump administration is only beginning to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (take shape, the political uncertainty in the U.S. and the challenges associated with that uncertainty will continue over the next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (few years. Overall, management is optimistic that 2017 will show a continuation of the improving economic environment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (experienced in 2016, providing the caveat that the political uncertainty surrounding the ) Tj ET Q q 0 0 0 rg BT 400.54 130.25 Td (T) Tj ET Q q 0 0 0 rg BT 406.30 130.25 Td (rump administration) Tj ET Q q 0 0 0 rg BT 490.45 130.25 Td (s ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (execute its policies could have a significant impact on the continued economic recovery) Tj ET Q q 0 0 0 rg BT 400.89 118.25 Td (.) 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 /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 331.59 712.25 Td (Also see "CRITICAL) Tj ET Q q 0 0 0 rg BT 418.07 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.02 712.25 Td (ACCOUNTING POLICIES and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (NOTE4 - 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, 2016) 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 (2015) 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 ($13.1 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 348.25 640.25 Td (23.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.08 640.25 Td (,to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.36 640.25 Td ($69.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.25 640.25 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, 2016) 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 ($56.1 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, 2015) 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 available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (common shareholders resulted from an increase in net interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.51 616.25 Td ($53.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.40 616.25 Td ( and a decrease in provision for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.22 604.25 Td ($18.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.11 604.25 Td (, partly of) Tj ET Q q 0 0 0 rg BT 180.09 604.25 Td (fset by a decrease in non-interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.68 604.25 Td ($4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.58 604.25 Td ( and increases in non-interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 592.25 Td ($23.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 592.25 Td (, tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 592.25 Td ($18.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.87 592.25 Td (, net loss from discontinued operations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.17 592.25 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.06 592.25 Td (, and preferred stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (dividends of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.22 580.25 Td ($7.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.11 580.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Net interest income from continuing operations increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.43 556.25 Td ($53.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.32 556.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 556.25 Td (27.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.98 556.25 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.94 556.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.52 556.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td ($249.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 544.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.09 544.25 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.99 544.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.45 544.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.03 544.25 Td (. ) Tj ET Q q 0 0 0 rg BT 388.35 544.25 Td (The increase in net interest income was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (driven by an increase in the average balance of loans and securities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.82 532.25 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.93 532.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.87 532.25 Td ($6.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.99 532.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.76 532.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.76 532.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 532.25 Td ($8.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.66 532.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 520.25 Td (, as well as the expansion of net interest mar) Tj ET Q q 0 0 0 rg BT 246.99 520.25 Td (gin \(tax equivalent\) by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.29 520.25 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.29 520.25 Td ( basis points \(from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.51 520.25 Td (2.81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.34 520.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.12 520.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.12 520.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.90 520.25 Td (2.84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.73 520.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.50 520.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.50 520.25 Td (\). ) 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 from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.96 496.25 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.83 496.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.33 496.25 Td ($18.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.22 496.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.00 496.25 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.89 496.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 484.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 484.25 Td ($20.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.68 484.25 Td ( for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.43 484.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.43 484.25 Td (. ) Tj ET Q q 0 0 0 rg BT 357.25 484.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.29 484.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.71 484.25 Td ( in the provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.61 472.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.61 472.25 Td ( was primarily attributable to a provision expense of $9.0 million recorded in 2015 for a fraudulent loan that 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 its entirety during 2015, greater growth in loans held for investment in 2015 as compared to 2016, a benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td ($0.3 million in 2016 attributable to FDIC loss sharing arrangements versus expense of $3.9 million in 2015, and recoveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (totaling $2.7 million in 2016 compared to recoveries of $1.4 million in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Non-interest income from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.79 412.25 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.66 412.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.16 412.25 Td ($4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.05 412.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.88 412.25 Td (16.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.71 412.25 Td (, for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.25 412.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.25 412.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td ($23.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 400.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 400.25 Td ($27.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.99 400.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 400.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.03 400.25 Td (. ) Tj ET Q q 0 0 0 rg BT 375.85 400.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.90 400.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.31 400.25 Td ( resulted primarily from an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 388.25 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.39 388.25 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.29 388.25 Td ( recorded in 2016 due to Customers' change in intent to hold certain equity securities until the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (market price of the securities recovered and a decrease in bank-owned life insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.88 376.25 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.77 376.25 Td ( as a result of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td ($2.4 million benefit received on a bank-owned life insurance policy in 2015. ) Tj ET Q q 0 0 0 rg BT 361.12 364.25 Td (These decreases were of) Tj ET Q q 0 0 0 rg BT 458.38 364.25 Td (fset in part by increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (mortgage warehouse transactional fees of $1.2 million resulting from higher transaction volumes in 2016 as compared to 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (and a $2.2 million recovery of a previously recorded loss during 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (Non-interest expense from continuing operations increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.81 316.25 Td ($23.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.71 316.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.54 316.25 Td (22.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.37 316.25 Td (, during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.36 316.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.36 316.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 304.25 Td ($131.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.17 304.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.37 304.25 Td ($107.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.26 304.25 Td ( during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.76 304.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.76 304.25 Td (. ) Tj ET Q q 0 0 0 rg BT 413.08 304.25 Td (The increase was primarily driven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (by increases in salaries and employee benefits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.71 292.25 Td ($1) Tj ET Q q 0 0 0 rg BT 257.33 292.25 Td (1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.23 292.25 Td (, technology) Tj ET Q q 0 0 0 rg BT 350.01 292.25 Td (, communications and bank operations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.47 292.25 Td ($3.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 280.25 Td (, FDIC assessments, non-income taxes, and regulatory fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.28 280.25 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.17 280.25 Td (, professional services of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.08 280.25 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.97 280.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (occupancy expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.68 268.25 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.57 268.25 Td (, and one-time char) Tj ET Q q 0 0 0 rg BT 270.58 268.25 Td (ges of $1.4 million associated with legal matters. Much of the increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (non-interest expense was attributable to the increased level of staf) Tj ET Q q 0 0 0 rg BT 313.33 256.25 Td (f and other operating expenses necessary to support and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (operate a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.86 244.25 Td ($9.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.98 244.25 Td ( bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Income tax expense from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 220.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.03 220.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.53 220.25 Td ($18.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.42 220.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.47 220.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.47 220.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.25 220.25 Td ($51.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 208.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.09 208.25 Td ($32.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.99 208.25 Td ( in the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.85 208.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 208.25 Td (. ) Tj ET Q q 0 0 0 rg BT 303.67 208.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.72 208.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.47 208.25 Td ( in income tax expense was driven primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (increased pre-tax income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.83 196.25 Td ($43.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.72 196.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.50 196.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.50 196.25 Td ( and an increase in our ef) Tj ET Q q 0 0 0 rg BT 350.83 196.25 Td (fective tax rate of 2.84%, partially of) Tj ET Q q 0 0 0 rg BT 498.36 196.25 Td (fset by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (early adoption of ) Tj ET Q q 0 0 0 rg BT 120.26 184.25 Td (ASU 2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.09 184.25 Td (Impr) Tj ET Q q 0 0 0 rg BT 200.17 184.25 Td (ovements to Employee Shar) Tj ET Q q 0 0 0 rg BT 310.60 184.25 Td (e Based ) Tj ET Q q 0 0 0 rg BT 344.29 184.25 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.83 184.25 Td (, which decreased income tax expense by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 172.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 172.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.94 172.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (The loss from discontinued operations increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.06 148.25 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.95 148.25 Td ( for the year ended December 31, 2016 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.77 148.25 Td ($14.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.67 148.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 136.25 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 136.25 Td ( in the same period in 2015. ) Tj ET Q q 0 0 0 rg BT 267.28 136.25 Td (The increase was primarily driven by additional expenses realized as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (result of the acquisition of the Disbursement business in June 2016. ) Tj ET Q q 0 0 0 rg BT 322.56 124.25 Td (The loss from discontinued operations provided a tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.09 112.25 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 112.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 112.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.03 112.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.23 112.25 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.12 112.25 Td ( for the same period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.42 112.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.42 112.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Preferred stock dividends increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.95 88.25 Td ($7.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.84 88.25 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 88.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 88.25 Td ( due to the issuance of the Series D, Series E and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (Stock during 2016 with an aggregate principal balance of $167.5 million and an average dividend yield of 6.23%. ) Tj ET Q endstream endobj 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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 742.10 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 742.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 742.10 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Net income available to common shareholders increased $12.9 million, or 29.8%, to $56.1 million for the year ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (31, 2015, compared to $43.2 million for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 356.96 706.10 Td (The increased net income available to common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (shareholders resulted from increases in net interest income of $44.4 million and non-interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.33 694.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.22 694.10 Td (, partly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 682.10 Td (fset by increases in the provision for loan losses of $5.8 million, non-interest expense of $10.8 million, tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.94 682.10 Td ($1) Tj ET Q q 0 0 0 rg BT 541.57 682.10 Td (1.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 670.10 Td (, net loss from discontinued operations of $3.2 million, and preferred stock dividends of $2.5 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Net interest income from continuing operations increased $44.4 million, or 29.2%, for the year ended December 31, 2015 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ($196.3 million, compared to $151.9 million for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 385.85 634.10 Td (The increase in net interest income was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (driven by an increase in the average balance of loans and securities of $1.6 billion, from $5.0 billion in 2014 to $6.7 billion in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (2015, of) Tj ET Q q 0 0 0 rg BT 83.15 610.10 Td (fset in part by a decline in the net interest mar) Tj ET Q q 0 0 0 rg BT 266.24 610.10 Td (gin \(tax equivalent\) of 6 basis points \(from 2.87% in 2014 to 2.81% in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (2015\). ) Tj ET Q q 0 0 0 rg BT 78.15 598.10 Td (The net mar) Tj ET Q q 0 0 0 rg BT 126.28 598.10 Td (gin decrease was lar) Tj ET Q q 0 0 0 rg BT 206.89 598.10 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 50.00 574.10 Td (The provision for loan losses increased $5.8 million to $20.6 million for the year ended December 31, 2015, compared to $14.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (million for the same period in 2014. ) Tj ET Q q 0 0 0 rg BT 196.46 562.10 Td (The increase in the provision for loan losses during 2015 was primarily attributable to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (provision expense of $9.0 million for a fraudulent loan identified by Customers in third quarter 2015 that was char) Tj ET Q q 0 0 0 rg BT 507.77 550.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 532.86 550.10 Td (f in its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (entirety during 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Non-interest income from continuing operations increased $2.4 million, or 9.7%, during the year ended December 31, 2015 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ($27.6 million, compared to $25.1 million for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 375.85 502.10 Td (The increase resulted primarily from a benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (received on a bank-owned life insurance policy of $2.4 million, higher mortgage warehouse transactional fees driven by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (increased transaction volume and an increase in the gain on sale of loans, of) Tj ET Q q 0 0 0 rg BT 353.60 478.10 Td (fset in part by gains realized from sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (investment securities of $3.2 million in 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 50.00 442.10 Td (Non-interest expense from continuing operations increased $10.8 million, or 1) Tj ET Q q 0 0 0 rg BT 363.16 442.10 Td (1.1%, during the year ended December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (to $107.6 million, compared to $96.8 million during the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 405.58 430.10 Td (The increases in salaries and employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (benefits of $10.3 million, professional services of $2.2 million, and technology of $0.9 million resulted from growth of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Customers' business, which required additional team members, services, and support. ) Tj ET Q q 0 0 0 rg BT 393.77 406.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 489.37 406.10 Td (fset in part by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (decreased assessments and regulatory fees of $1.0 million related primarily to an adjustment in the Pennsylvania shares tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (expense and reduced loan workout expenses of $0.6 million resulting from lower levels of non-performing loans and recoveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (of prior expenses on resolved loans during the year) Tj ET Q q 0 0 0 rg BT 253.83 370.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Income tax expense from continuing operations increased $1) Tj ET Q q 0 0 0 rg BT 293.16 346.10 Td (1.7 million for the year ended December 31, 2015 to $32.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (million, compared to $21.0 million in the same period in 2014. ) Tj ET Q q 0 0 0 rg BT 303.67 334.10 Td (The increase in income tax expense was driven primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (increased pre-tax income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.83 322.10 Td ($30.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.72 322.10 Td ( in 2015, of) Tj ET Q q 0 0 0 rg BT 263.65 322.10 Td (fset in part by the benefit received on a bank-owned life insurance policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (of $2.4 million, which was not taxable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (The loss from discontinued operations increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.06 286.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.95 286.10 Td ( for the year ended December 31, 2015 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.77 286.10 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.67 286.10 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 274.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.17 274.10 Td ( in the same period of 2014. ) Tj ET Q q 0 0 0 rg BT 225.91 274.10 Td (The increase was driven by additional expenses incurred due to the launch of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (BankMobile in January 2015. ) Tj ET Q q 0 0 0 rg BT 171.19 262.10 Td (The loss from discontinued operations provided a tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.79 262.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.68 262.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (December 31, 2015, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 250.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.68 250.10 Td ( for the same period in 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 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 50.00 214.10 Td (Stock issued in second quarter 2015. ) 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 /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 Customers' net interest income and related spread and mar) Tj ET Q q 0 0 0 rg BT 396.79 691.85 Td (gin for the periods indicated.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 512.04 691.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 613.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 613.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 613.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 613.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 613.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 613.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 613.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 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 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 561.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 561.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 561.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 561.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 561.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 561.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 561.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 561.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 561.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 535.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 535.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 535.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 535.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 535.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 535.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 535.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 535.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 535.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 535.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 509.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 509.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 509.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 509.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 509.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 509.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 509.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 509.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 509.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 509.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 483.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 483.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 483.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 483.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 483.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 483.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 483.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 483.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 483.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 483.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 457.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 457.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 457.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 457.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 457.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 457.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 457.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 457.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 457.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 457.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 457.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 431.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 431.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 431.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 431.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 431.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 431.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 431.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 431.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 431.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 431.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 431.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 405.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 405.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 405.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 405.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 405.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 405.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 405.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 405.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 405.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 405.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 405.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 379.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 379.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 379.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 379.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 379.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 379.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 379.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 379.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 379.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 379.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 347.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 347.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 347.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 347.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 347.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 347.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 347.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 347.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 347.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 347.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 321.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 321.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 321.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 321.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 321.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 321.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 321.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 321.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 321.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 321.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 321.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 295.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 295.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 295.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 295.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 295.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 295.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 295.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 295.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 295.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 295.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 295.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 261.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 261.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 261.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 261.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 261.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 261.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 261.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 261.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 261.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 261.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 261.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 235.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 235.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 235.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 235.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 235.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 235.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 235.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 235.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 235.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 235.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 209.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 209.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 209.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 209.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 209.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 209.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 209.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 209.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 209.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 209.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 209.35 39.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 668.35 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 183.5 496.35 m 224.5 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 496.35 m 351.5 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 496.35 m 476.5 496.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 484.35 m 224.5 484.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 482.35 m 224.5 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 484.35 m 351.5 484.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 482.35 m 351.5 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 484.35 m 476.5 484.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 482.35 m 476.5 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 418.35 m 224.5 418.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 418.35 m 268.5 418.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 418.35 m 351.5 418.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 418.35 m 394.5 418.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 418.35 m 476.5 418.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 418.35 m 519.5 418.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 392.35 m 224.5 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 392.35 m 268.5 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 392.35 m 351.5 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 392.35 m 394.5 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 392.35 m 476.5 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 392.35 m 519.5 392.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 347.35 m 224.5 347.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 347.35 m 351.5 347.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 347.35 m 476.5 347.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 308.35 m 224.5 308.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 308.35 m 351.5 308.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 308.35 m 476.5 308.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 282.35 m 224.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 282.35 m 351.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 282.35 m 476.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 262.35 m 224.5 262.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 260.35 m 224.5 260.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 262.35 m 351.5 262.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 260.35 m 351.5 260.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 262.35 m 476.5 262.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 260.35 m 476.5 260.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 235.35000000000002 m 268.5 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 235.35000000000002 m 394.5 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 235.35000000000002 m 519.5 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 235.35000000000002 m 268.5 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 223.35000000000002 m 268.5 223.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 221.35000000000002 m 268.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 235.35000000000002 m 394.5 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 223.35000000000002 m 394.5 223.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 221.35000000000002 m 394.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 235.35000000000002 m 519.5 235.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 223.35000000000002 m 519.5 223.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 221.35000000000002 m 519.5 221.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.60 672.60 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.50 659.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.50 659.60 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 659.60 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.25 638.60 Td (A) Tj ET Q q 0 0 0 rg BT 195.43 638.60 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.25 630.60 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.00 646.60 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.85 638.60 Td (incomeor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.10 630.60 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.75 646.60 Td (A) Tj ET Q q 0 0 0 rg BT 280.93 646.60 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 276.65 638.60 Td (yield or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.55 630.60 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 /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 591.60 Td (225,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 591.60 Td (1,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 591.60 Td (0.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 591.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 591.60 Td (271,201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 591.60 Td (718) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 591.60 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 591.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 591.60 Td (228,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 591.60 Td (577) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 578.60 Td (540,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 578.60 Td (14,293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 578.60 Td (2.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 578.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 578.60 Td (427,638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 578.60 Td (10,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 578.60 Td (2.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 578.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 578.60 Td (451,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 578.60 Td (10,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 578.60 Td (2.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 578.60 Td (%) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 565.60 Td (1,967,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 565.60 Td (69,469) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 565.60 Td (3.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 565.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 565.60 Td (1,589,176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 565.60 Td (51,553) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 565.60 Td (3.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 565.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 565.60 Td (911,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 565.60 Td (30,801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 565.60 Td (3.38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 565.60 Td (%) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 552.60 Td (5,971,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.25 552.60 Td (233,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 552.60 Td (3.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 552.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 552.60 Td (4,635,136) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 552.60 Td (182,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 552.60 Td (3.93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 552.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 552.60 Td (3,655,938) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 552.60 Td (146,388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 552.60 Td (4.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 552.60 Td (%) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 539.60 Td (84,797) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 539.60 Td (4,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 539.60 Td (4.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 539.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 539.60 Td (72,693) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 539.60 Td (4,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 539.60 Td (6.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 539.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 539.60 Td (66,669) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 539.60 Td (2,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 539.60 Td (3.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 539.60 Td (%) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 526.60 Td (8,789,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.25 526.60 Td (322,539) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 526.60 Td (3.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 526.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 526.60 Td (6,995,844) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 526.60 Td (249,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 526.60 Td (3.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 526.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 526.60 Td (5,314,713) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 526.60 Td (190,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 526.60 Td (3.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 526.60 Td (%) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 513.60 Td (272,253) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 513.60 Td (263,997) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 513.60 Td (223,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 501.30 Td (Assets held for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 500.60 Td (40,160) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.65 500.60 Td (2,690) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.65 500.60 Td (1,337) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 488.43 Td (Total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 487.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 487.60 Td (9,102,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 487.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 487.60 Td (7,262,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 487.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 487.60 Td (5,539,454) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 475.43 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 462.30 Td (Interest checking accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 461.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 461.60 Td (190,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 461.60 Td (1,069) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 461.60 Td (0.56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 461.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 461.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 461.60 Td (123,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 461.60 Td (686) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 461.60 Td (0.56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 461.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 461.60 Td (62,840) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 461.60 Td (361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 461.60 Td (0.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 461.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 449.30 Td (Money market deposit accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 448.60 Td (3,085,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 448.60 Td (19,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 448.60 Td (0.62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 448.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 448.60 Td (2,412,958) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 448.60 Td (12,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 448.60 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 448.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 448.60 Td (1,712,896) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 448.60 Td (10,391) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 448.60 Td (0.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 448.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 436.30 Td (Other savings accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 435.60 Td (36,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.25 435.60 Td (76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 435.60 Td (0.21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 435.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 435.60 Td (35,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 435.60 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 435.60 Td (0.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 435.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 435.60 Td (40,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 435.60 Td (172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 435.60 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 435.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 423.30 Td (Certificates of deposit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 422.60 Td (2,633,425) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 422.60 Td (27,871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 422.60 Td (1.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 422.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 422.60 Td (2,087,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 422.60 Td (20,637) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 422.60 Td (0.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 422.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 422.60 Td (1,403,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 422.60 Td (13,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 422.60 Td (0.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 422.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 410.30 Td (Total interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 409.60 Td (5,945,392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 409.60 Td (48,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 409.60 Td (0.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 409.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 409.60 Td (4,659,785) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 409.60 Td (33,973) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 409.60 Td (0.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 409.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 409.60 Td (3,220,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 409.60 Td (24,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 409.60 Td (0.76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 409.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 397.30 Td (Borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 396.60 Td (1,498,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 396.60 Td (24,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 396.60 Td (1.65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 396.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 396.60 Td (1,369,841) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 396.60 Td (19,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 396.60 Td (1.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 396.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 396.60 Td (1,264,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 396.60 Td (14,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 396.60 Td (1.11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 396.60 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 384.43 Td (Total interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 383.60 Td (7,444,291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 383.60 Td (73,023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 383.60 Td (0.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 383.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 383.60 Td (6,029,626) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 383.60 Td (53,551) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 383.60 Td (0.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 383.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 383.60 Td (4,485,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 383.60 Td (38,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 383.60 Td (0.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 383.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 371.30 Td (Non-interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 370.60 Td (496,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 370.60 Td (379,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 370.60 Td (288,565) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 358.30 Td (Non-interest-bearing deposits held for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 350.30 Td (sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 351.60 Td (377,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 351.60 Td (312,963) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 351.60 Td (331,820) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 339.30 Td (Total deposits and borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 338.60 Td (8,317,890) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 338.60 Td (0.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 338.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 338.60 Td (6,721,785) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 338.60 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 338.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 338.60 Td (5,105,550) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 338.60 Td (0.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 338.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 326.30 Td (Other non-interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 325.60 Td (69,442) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 325.60 Td (30,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 325.60 Td (17,905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 313.30 Td (Liabilities held for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 312.60 Td (17,884) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.65 312.60 Td (1,207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 312.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 300.43 Td (Total liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 299.60 Td (8,405,216) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 299.60 Td (6,753,340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 299.60 Td (5,123,455) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 287.43 Td (Shareholders equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 286.60 Td (696,901) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 286.60 Td (509,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 286.60 Td (415,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 274.43 Td (Total liabilities and shareholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 266.43 Td (equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 265.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 265.60 Td (9,102,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 265.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 265.60 Td (7,262,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 265.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 265.60 Td (5,539,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 253.30 Td (Net interest earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.25 252.60 Td (249,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 252.60 Td (196,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 252.60 Td (151,923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 240.30 Td (Tax-equivalent adjustment\(C\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.25 239.60 Td (390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 239.60 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 239.60 Td (405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 227.30 Td (Net interest earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 226.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.25 226.60 Td (249,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 226.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 226.60 Td (196,748) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 226.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 226.60 Td (152,328) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 214.43 Td (Interest spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 213.60 Td (2.79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 213.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 213.60 Td (2.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 213.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 213.60 Td (2.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 213.60 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 201.43 Td (Net interest margin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 200.60 Td (2.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 200.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 200.60 Td (2.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 200.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 200.60 Td (2.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 200.60 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 188.43 Td (Net interest margin tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 180.43 Td (equivalent\(C\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.60 179.60 Td (2.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 179.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.60 179.60 Td (2.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.25 179.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 179.60 Td (2.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 179.60 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 161.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 149.45 Td (\(A\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 149.45 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 80.45 137.45 Td (historical cost, adjusted for other than temporary impairment and amortization of premiums and accretion of discounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 125.45 Td (\(B\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 125.45 Td (Includes non-accrual loans, the ef) Tj ET Q q 0 0 0 rg BT 214.93 125.45 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 48.95 113.45 Td (\(C\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 113.45 Td (Full tax equivalent basis, using a 35% statutory tax rate to approximate interest income as a taxable asset.) 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 50.00 718.10 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 /F1 8.00 Tf ET q 0 0 0 rg BT 280.40 624.45 Td (2016 vs. 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.40 624.45 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.45 611.45 Td (Increase\(decrease\)due) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.45 603.45 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 /F1 8.00 Tf ET q 0 0 0 rg BT 237.65 590.45 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.60 590.45 Td (Volume) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 590.45 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 /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 548.87 Td (639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.30 548.92 Td (\(139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 548.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 548.87 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 548.87 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 548.87 Td (112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 548.87 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.77 Td (Investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 533.87 Td (961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 533.87 Td (2,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 533.87 Td (3,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 533.87 Td (594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 533.92 Td (\(575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 533.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 533.87 Td (19) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 518.87 Td (4,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 518.87 Td (13,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 518.87 Td (17,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 518.92 Td (\(1,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 518.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 518.87 Td (22,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 518.87 Td (20,752) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 503.87 Td (\(1,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 503.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 503.87 Td (52,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 503.87 Td (51,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 503.92 Td (\(2,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 503.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 503.87 Td (38,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 503.87 Td (35,892) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 488.87 Td (\(1,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 488.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 488.87 Td (732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 488.92 Td (\(684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 488.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 488.87 Td (2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 488.87 Td (223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 488.87 Td (2,619) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 473.87 Td (3,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 473.87 Td (68,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 473.87 Td (72,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 473.92 Td (\(919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 473.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 473.87 Td (60,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 473.87 Td (59,423) 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 accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.65 444.87 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 444.87 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 444.87 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 444.92 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 444.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 444.87 Td (337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 444.87 Td (325) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 429.87 Td (2,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 429.87 Td (3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 429.87 Td (6,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 429.92 Td (\(1,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 429.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 429.87 Td (3,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 429.87 Td (2,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 415.77 Td (Other savings accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 414.87 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 414.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 414.87 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 414.92 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 414.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 414.92 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 414.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.30 414.92 Td (\(21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 414.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 414.92 Td (\(70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 414.87 Td (\)) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 399.87 Td (1,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 399.87 Td (5,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 399.87 Td (7,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 399.87 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 399.87 Td (6,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 399.87 Td (7,107) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 384.87 Td (4,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 384.87 Td (9,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 384.87 Td (14,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 384.92 Td (\(1,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 384.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 384.87 Td (10,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 384.87 Td (9,519) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 369.87 Td (3,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 369.87 Td (1,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 369.87 Td (5,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 369.87 Td (4,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 369.87 Td (1,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 369.87 Td (5,528) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 354.87 Td (7,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 354.87 Td (11,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 354.87 Td (19,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 354.87 Td (2,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 354.87 Td (12,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 354.87 Td (15,047) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 339.87 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 339.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 339.87 Td (56,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 339.87 Td (53,217) 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 416.80 339.92 Td (\(3,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 339.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 339.87 Td (48,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.87 Td (44,376) 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, 2016) 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 (2015) 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 from continuing operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.22 287.70 Td ($249.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.12 287.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 287.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.16 287.70 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.18 287.70 Td ($53.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 275.70 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.72 275.70 Td (27.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.55 275.70 Td (, when compared to net interest income for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.46 275.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.04 275.70 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.37 275.70 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.26 275.70 Td (. ) Tj ET Q q 0 0 0 rg BT 511.08 275.70 Td (The increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.70 Td (in net interest income in 2016 was primarily attributable to an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.74 263.70 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.86 263.70 Td ( in the average balance of interest-earning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.70 Td (assets. Customers' net interest mar) Tj ET Q q 0 0 0 rg BT 187.43 251.70 Td (gin also expanded to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.41 251.70 Td (2.84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.24 251.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.70 251.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.28 251.70 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.72 251.70 Td (2.81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.55 251.70 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 239.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 239.70 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 209.70 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 209.70 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 209.70 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 209.70 Td (2014) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.70 Td (Net interest income from continuing operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.22 185.70 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.12 185.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 185.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.16 185.70 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.18 185.70 Td ($44.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 173.70 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.72 173.70 Td (29.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.55 173.70 Td (, when compared to net interest income for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.04 173.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.04 173.70 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.37 173.70 Td ($151.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.26 173.70 Td (. ) Tj ET Q q 0 0 0 rg BT 511.08 173.70 Td (The increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.70 Td (in net interest income 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 50.00 149.70 Td (While Customers' net interest mar) Tj ET Q q 0 0 0 rg BT 186.03 149.70 Td (gin decreased to 2.81% for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.79 149.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.38 149.70 Td ( from 2.87% for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.70 Td (December 31, 2014, the impact on net interest income was secondary to the significant increase in loan volume.) Tj ET Q 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 /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 4 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 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 580.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 580.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 580.25 Td (2015) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 562.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 562.25 Td (, the provision for loan losses from continuing operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.51 562.25 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.40 562.25 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.34 562.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.76 562.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.09 562.25 Td ($18.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.98 562.25 Td ( from a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (provision of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.11 550.25 Td ($20.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 550.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.78 550.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.78 550.25 Td (. ) Tj ET Q q 0 0 0 rg BT 195.10 550.25 Td (The 2015 provision for loan losses included $9.0 million for a fraudulent loan that was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 538.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 92.11 538.25 Td (f in its entirety and reflected greater growth in loans held for investment. ) Tj ET Q q 0 0 0 rg BT 385.17 538.25 Td (The held-for) Tj ET Q q 0 0 0 rg BT 435.22 538.25 Td (-investment loan portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (grew approximately $0.7 billion in 2016 compared to $1.1 billion in 2015, resulting in less provision for new loans of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (approximately $2.5 million. ) Tj ET Q q 0 0 0 rg BT 163.97 514.25 Td (The 2016 provision included a benefit of $0.3 million attributable to FDIC loss share arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (versus expense of $3.9 million in 2015. Recoveries in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.46 502.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.46 502.25 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.67 502.25 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.56 502.25 Td ( compared to recoveries of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.68 502.25 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.57 502.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.35 502.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.35 502.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (There were no significant changes in Customers' methodology for estimating its allowance for loan losses and the provision for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (loan losses in 2016. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 448.25 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 448.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 448.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 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 50.00 418.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 74.82 418.25 Td (The 2015 provision for loan losses included $9.0 million for a fraudulent loan identified by Customers in third quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.82 406.25 Td (The increase in the provision for loan losses resulting from this loan was of) Tj ET Q q 0 0 0 rg BT 375.96 406.25 Td (fset in part by a $2.4 million reduction to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (provision for loan losses resulting primarily from Customers' low level of historical losses on loans originated after 2009 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (updating the estimated loss ratios to reflect actual industry performance rather than qualitative estimates. $5.3 million of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (fraudulent loan was char) Tj ET Q q 0 0 0 rg BT 148.39 370.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 173.48 370.25 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 460.43 370.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 485.52 370.25 Td (f in fourth quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (2015. ) 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 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 the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.34 718.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.92 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.92 718.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.92 718.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.36 718.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.36 718.25 Td (.) 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 50.50 657.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 657.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 657.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 657.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 657.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 657.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 629.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 629.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 629.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 629.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 629.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 601.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 601.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 601.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 601.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 601.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 573.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 573.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 573.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 573.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 573.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 545.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 545.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 545.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 545.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 545.35 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 359.5 681.35 m 424.5 681.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 681.35 m 428.5 681.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 681.35 m 493.5 681.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 681.35 m 497.5 681.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 681.35 m 562.5 681.35 l s 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 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 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 359.5 531.35 m 424.5 531.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 531.35 m 493.5 531.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 531.35 m 562.5 531.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 531.35 m 424.5 531.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 518.35 m 424.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 516.35 m 424.5 516.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 531.35 m 493.5 531.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 518.35 m 493.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 516.35 m 493.5 516.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 531.35 m 562.5 531.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 518.35 m 562.5 518.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 516.35 m 562.5 516.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 685.30 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 673.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 673.30 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 673.30 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 661.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.92 Td (Mortgage warehouse transactional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 647.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 647.92 Td (11,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 647.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 647.92 Td (10,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 647.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 647.92 Td (8,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 633.92 Td (Bank-owned life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 633.92 Td (4,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 633.92 Td (7,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 633.92 Td (3,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.92 Td (Gains on sales of loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 619.92 Td (3,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 619.92 Td (4,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 619.92 Td (3,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.92 Td (Deposit fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 605.92 Td (1,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 605.92 Td (943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 605.92 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.92 Td (Mortgage loan and banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 591.92 Td (969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 591.92 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 591.92 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.92 Td (Interchange and card revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 577.92 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 577.92 Td (536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 577.92 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.92 Td (Gain \(loss\) on sales of investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 563.92 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 563.97 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 563.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 563.92 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.92 Td (Impairment loss on investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 549.97 Td (\(7,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 549.92 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 549.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 549.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.92 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 535.92 Td (7,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 535.92 Td (3,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 535.92 Td (3,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.92 Td (Total non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 521.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 521.92 Td (23,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 521.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 521.92 Td (27,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 521.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 521.92 Td (25,126) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 487.85 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 487.85 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 487.85 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 487.85 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 487.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.85 Td (Non-interest income from continuing operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.79 463.85 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.66 463.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.16 463.85 Td ($4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.05 463.85 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.88 463.85 Td (16.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.71 463.85 Td (, for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.25 463.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.25 463.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.85 Td ($23.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 451.85 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 451.85 Td ($27.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.99 451.85 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 451.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.03 451.85 Td (. ) Tj ET Q q 0 0 0 rg BT 378.35 451.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.40 451.85 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.81 451.85 Td ( resulted primarily from an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.85 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 439.85 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.39 439.85 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.29 439.85 Td ( recorded in 2016 due to Customers' change in intent to hold certain equity securities until the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.85 Td (market price of the securities recovered, and a decrease in bank-owned life insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.38 427.85 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.27 427.85 Td ( as a result of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.85 Td ($2.4 million benefit received on a bank-owned life insurance policy in 2015. ) Tj ET Q q 0 0 0 rg BT 361.12 415.85 Td (These decreases were of) Tj ET Q q 0 0 0 rg BT 458.38 415.85 Td (fset in part by increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.85 Td (mortgage warehouse transactional fees of $1.2 million resulting from higher transaction volumes in 2016 as compared to 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.85 Td (and a $2.2 million recovery of a previously recorded loss during 2016. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 361.85 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 361.85 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 361.85 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 361.85 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 361.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.85 Td (Non-interest income from continuing operations increased $2.4 million, or 9.7%, for the year ended December 31, 2015 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.85 Td ($27.6 million, compared to $25.1 million for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 375.85 325.85 Td (The increase resulted primarily from a benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.85 Td (received on a bank-owned life insurance policy of $2.4 million, higher mortgage warehouse transactional fees driven by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.85 Td (increased transaction volume and an increase in the gain on sale of loans, of) Tj ET Q q 0 0 0 rg BT 353.60 301.85 Td (fset in part by gains realized from sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.85 Td (investment securities of $3.2 million in 2014 compared to a loss of $0.1 million in 2015.) 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 /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 the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.11 718.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.69 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.69 718.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.69 718.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 706.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 659.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 659.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 659.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 659.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 659.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 631.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 631.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 631.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 631.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 631.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 603.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 603.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 603.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 575.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 575.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 575.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 575.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 575.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 547.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 547.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 547.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 547.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 547.75 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 359.5 683.75 m 424.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 683.75 m 428.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 683.75 m 493.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 683.75 m 497.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 683.75 m 562.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 671.75 m 424.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 671.75 m 493.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 671.75 m 562.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 533.75 m 424.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 533.75 m 493.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 533.75 m 562.5 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 520.75 m 424.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 518.75 m 424.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 520.75 m 493.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 518.75 m 493.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 520.75 m 562.5 520.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 518.75 m 562.5 518.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 687.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 687.70 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 675.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 675.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 675.70 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.32 Td (Salaries and employee benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 650.32 Td (67,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 650.32 Td (56,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 650.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 650.32 Td (46,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.32 Td (Technology, communication and bank operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 636.32 Td (12,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 636.32 Td (9,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 636.32 Td (8,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.32 Td (FDIC assessments, taxes, and regulatory fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 622.32 Td (12,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 622.32 Td (10,110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 622.32 Td (11,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.32 Td (Professional services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 608.32 Td (11,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 608.32 Td (9,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 608.32 Td (7,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.32 Td (Occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 594.32 Td (9,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 594.32 Td (8,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 594.32 Td (8,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.32 Td (Loan workout) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 580.32 Td (2,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 580.32 Td (1,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 580.32 Td (1,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.32 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 566.32 Td (1,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 566.32 Td (2,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 566.32 Td (3,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.32 Td (Advertising and promotion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 552.32 Td (576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 552.32 Td (697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 552.32 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 538.32 Td (12,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 538.32 Td (9,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 538.32 Td (9,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.32 Td (Totalnon-interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 524.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 524.32 Td (131,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 524.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 524.32 Td (107,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 524.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 524.32 Td (96,788) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 490.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 490.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 490.25 Td (2015) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (Non-interest expense from continuing operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.61 472.25 Td ($131.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.50 472.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.96 472.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.55 472.25 Td (, which was an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.75 460.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 460.25 Td ($23.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.98 460.25 Td ( over non-interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.54 460.25 Td ($107.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.44 460.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.90 460.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.48 460.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Salaries and employee benefits, which represent the lar) Tj ET Q q 0 0 0 rg BT 270.29 436.25 Td (gest component of non-interest expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.13 436.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.88 436.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.38 436.25 Td ($1) Tj ET Q q 0 0 0 rg BT 484.01 436.25 Td (1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.91 436.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (20.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 424.25 Td (,to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 424.25 Td ($67.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 424.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 424.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 424.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.48 424.25 Td ($56.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.38 424.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.84 424.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.42 424.25 Td (. ) Tj ET Q q 0 0 0 rg BT 540.24 424.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (increase was primarily related to headcount growth to support the lar) Tj ET Q q 0 0 0 rg BT 325.28 412.25 Td (ger multi-family) Tj ET Q q 0 0 0 rg BT 390.45 412.25 Td (, commercial real estate and commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (and industrial loan portfolios, and the increased deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 376.25 Td (echnology) Tj ET Q q 0 0 0 rg BT 96.42 376.25 Td (, communication and bank operations expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.86 376.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.62 376.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.12 376.25 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.01 376.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.79 376.25 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.68 376.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 364.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.02 364.25 Td ($9.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 364.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.38 364.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.96 364.25 Td (, primarily attributable to the or) Tj ET Q q 0 0 0 rg BT 483.85 364.25 Td (ganic growth of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (FDIC assessments, taxes, and regulatory fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.29 328.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.04 328.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.54 328.25 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.44 328.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.21 328.25 Td ($12.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.11 328.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.57 328.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 328.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 316.25 Td ($10.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 316.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.29 316.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.88 316.25 Td (. ) Tj ET Q q 0 0 0 rg BT 289.19 316.25 Td (The primary reason for the 2016 increase was an adjustment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (2015 that reduced the Pennsylvania shares tax expense by $2.3 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Professional services expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.35 280.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.11 280.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 280.25 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 280.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.78 280.25 Td ($1) Tj ET Q q 0 0 0 rg BT 295.41 280.25 Td (1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 280.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.76 280.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.34 280.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.78 280.25 Td ($9.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 268.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.35 268.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 268.25 Td (, primarily attributable to increases in consulting, lending service fees, and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (professional services expenses to support a $9.4 billion bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (Occupancy expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.18 232.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.94 232.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.94 232.25 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 232.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.61 232.25 Td ($9.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 232.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.96 232.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.54 232.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.98 232.25 Td ($8.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.87 232.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 220.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 220.25 Td (. ) Tj ET Q q 0 0 0 rg BT 179.49 220.25 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 50.00 208.25 Td (required additional team members and facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (Other expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.98 184.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.73 184.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.73 184.25 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 184.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.40 184.25 Td ($12.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.29 184.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.75 184.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.34 184.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.77 184.25 Td ($9.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.67 184.25 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 172.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 172.25 Td (. ) Tj ET Q q 0 0 0 rg BT 162.28 172.25 Td (The increase was primarily attributable to one-time char) Tj ET Q q 0 0 0 rg BT 386.73 172.25 Td (ges of $1.4 million associated with legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (matters. In addition, Customers experienced higher levels of miscellaneous expenses resulting from the or) Tj ET Q q 0 0 0 rg BT 476.37 160.25 Td (ganic growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (experienced over the past year) Tj ET Q q 0 0 0 rg BT 171.20 148.25 Td (, increased staf) Tj ET Q q 0 0 0 rg BT 230.71 148.25 Td (fing, and other activities associated with business development. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 118.25 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 118.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 118.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Non-interest expense from continuing operations was $107.6 million for the year ended December 31, 2015, which was an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (increase of $10.8 million over non-interest expense of $96.8 million for the year ended December 31, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Salaries and employee benefits, which represent the lar) Tj ET Q q 0 0 0 rg BT 270.29 58.25 Td (gest component of non-interest expense, increased $10.3 million, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (22.3%, to $56.3 million for the year ended December 31, 2015 from $46.1 million for the year ended December 31, 2014. Most ) 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 (of the increased expense is attributable to increased salaries and other compensation costs, as well as increased level of staf) Tj ET Q q 0 0 0 rg BT 542.41 742.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (necessary to run a lar) Tj ET Q q 0 0 0 rg BT 134.78 730.10 Td (ger bank. More specifically) Tj ET Q q 0 0 0 rg BT 246.59 730.10 Td (, the increased headcount was needed to support the growing multi-family) Tj ET Q q 0 0 0 rg BT 542.24 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (commercial real estate and commercial and industrial loan portfolios, and the increased deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Professional services expense increased by $2.2 million to $9.4 million for the year ended December 31, 2015 from $7.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (million for the year ended December 31, 2014 due to increased professional services expense related to fees paid for the FHLB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (letter of credit used to collateralize municipal deposits, and other professional service expenses driven by the or) Tj ET Q q 0 0 0 rg BT 496.05 670.10 Td (ganic growth of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (FDIC assessments, taxes, and regulatory fees declined $1.0 million to $10.1 million for the year ended December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (from $1) Tj ET Q q 0 0 0 rg BT 81.57 622.10 Td (1.1 million for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 286.32 622.10 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 50.00 610.10 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 434.98 610.10 Td (fset in part by increased deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (premiums and other regulatory and filing fees lar) Tj ET Q q 0 0 0 rg BT 246.14 598.10 Td (gely as a result of the Bank's or) Tj ET Q q 0 0 0 rg BT 371.34 598.10 Td (ganic growth.) 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 (echnology) Tj ET Q q 0 0 0 rg BT 96.42 574.10 Td (, communication and bank operations expense increased $0.9 million to $9.4 million for the year ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (31, 2015 from $8.5 million for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 319.19 562.10 Td (This increase was primarily attributable to technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (related expenses driven by the or) Tj ET Q q 0 0 0 rg BT 181.71 550.10 Td (ganic growth of the Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Occupancy expense increased by $0.4 million to $8.5 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 50.00 514.10 Td (year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 179.49 514.10 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 50.00 502.10 Td (required additional team members and facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Other real estate owned expense declined $1.1 million to $2.5 million for the year ended December 31, 2015 from $3.6 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (for the year ended December 31, 2014 as the level of other real estate owned declined from 2014. ) Tj ET Q q 0 0 0 rg BT 442.44 466.10 Td (The decrease primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 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 50.00 442.10 Td (estate owned.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 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 50.00 406.10 Td (the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 194.20 406.10 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 50.00 394.10 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 438.76 394.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.40 358.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 311.94 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.87 358.10 Td (AXES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 334.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 334.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 334.10 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (The income tax expense and ef) Tj ET Q q 0 0 0 rg BT 173.93 316.10 Td (fective tax rate include both federal and state income taxes. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.88 316.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.88 316.10 Td (, income tax expense from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (continuing operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 304.10 Td ($51.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.37 304.10 Td ( with an ef) Tj ET Q q 0 0 0 rg BT 253.68 304.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.41 304.10 Td (36.96%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.24 304.10 Td (, compared to an expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.92 304.10 Td ($32.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.81 304.10 Td ( and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 292.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.32 292.10 Td (34.12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.15 292.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.81 292.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.81 292.10 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 494.10 292.10 Td ($139.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.99 292.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 280.10 Td ($95.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 280.10 Td (, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 280.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.27 280.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.71 280.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.71 280.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 375.37 280.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.70 280.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.70 280.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 441.00 280.10 Td (fective tax rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.96 280.10 Td (higher) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.50 280.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (due to state income tax items totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 268.10 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.80 268.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.57 268.10 Td (3.58%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.40 268.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 309.49 268.10 Td (fective tax rate increase, driven by a greater proportion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (income producing assets domiciled in New ) Tj ET Q q 0 0 0 rg BT 224.59 256.10 Td (Y) Tj ET Q q 0 0 0 rg BT 230.81 256.10 Td (ork, particularly in New ) Tj ET Q q 0 0 0 rg BT 329.02 256.10 Td (Y) Tj ET Q q 0 0 0 rg BT 335.24 256.10 Td (ork City) Tj ET Q q 0 0 0 rg BT 367.65 256.10 Td (, an unrecorded basis dif) Tj ET Q q 0 0 0 rg BT 465.49 256.10 Td (ference in a foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (subsidiary of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 244.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.33 244.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.16 244.10 Td (2.03%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.99 244.10 Td (, related to an other) Tj ET Q q 0 0 0 rg BT 272.26 244.10 Td (-than-temporary impairment char) Tj ET Q q 0 0 0 rg BT 405.35 244.10 Td (ge recorded on a equity investment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (fourth quarter 2016, partially of) Tj ET Q q 0 0 0 rg BT 176.72 232.10 Td (fset by an equity-based compensation benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.83 232.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.72 232.10 Td ( or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.99 232.10 Td (2.67%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.82 232.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 475.91 232.10 Td (fective tax rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (reduction, from the early adoption of ) Tj ET Q q 0 0 0 rg BT 202.18 220.10 Td (Accounting Standards Update No. 2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 380.20 220.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 399.27 220.10 Td (ovements to Employee Shar) Tj ET Q q 0 0 0 rg BT 509.70 220.10 Td (e-Based ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 208.10 Td (and a reduction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.51 208.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.40 208.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 208.10 Td (1.23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 208.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 283.09 208.10 Td (fective tax rate reduction, due to a tax benefit resulting from bank-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (owned life insurance income. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.56 196.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.56 196.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 230.87 196.10 Td (fective tax rate was reduced due to a tax benefit resulting from bank-owned life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 184.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.47 184.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.30 184.10 Td (2.53%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.13 184.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 160.10 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 160.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 160.10 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 160.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (The income tax expense and ef) Tj ET Q q 0 0 0 rg BT 173.93 136.10 Td (fective tax rate include both federal and state income taxes. In 2015, income tax expense from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (continuing operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 124.10 Td ($32.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.37 124.10 Td ( with an ef) Tj ET Q q 0 0 0 rg BT 253.68 124.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.41 124.10 Td (34.12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.24 124.10 Td (, compared to an expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.92 124.10 Td ($21.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.81 124.10 Td ( and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 112.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.32 112.10 Td (32.03%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.15 112.10 Td ( for 2014. 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 491.60 112.10 Td ($95.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.49 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 100.10 Td ($65.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 100.10 Td (, for the years ended December 31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 375.37 100.10 Td (. n 2015, the ef) Tj ET Q q 0 0 0 rg BT 437.67 100.10 Td (fective tax rate was lower due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (to non-taxable bank-owned life income and a non-taxable death benefit received totaling $2.4 million, or a 2.53% ef) Tj ET Q q 0 0 0 rg BT 514.66 88.10 Td (fective tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (rate reduction. In 2014, the ef) Tj ET Q q 0 0 0 rg BT 170.88 76.10 Td (fective tax rate was reduced due to a tax benefit resulting from bank-owned life insurance income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (of $1.3 million, or a 1.98% ef) Tj ET Q q 0 0 0 rg BT 168.41 64.10 Td (fective tax rate reduction, and a benefit of $1.8 million, or a 2.77% ef) Tj ET Q q 0 0 0 rg BT 445.63 64.10 Td (fective tax rate reduction, ) 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 (resulting primarily from recording a $1.5 million benefit from a return to provision and deferred tax analysis completed in third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (quarter 2014. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.15 694.10 Td (DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 347.70 694.10 Td (TIONS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 670.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 670.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 670.10 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (The loss from discontinued operations before income taxes increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.08 646.10 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.97 646.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.43 646.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.01 646.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ($14.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 634.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 634.10 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.99 634.10 Td ( in the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.85 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 326.17 634.10 Td (The increase was primarily driven by additional net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (expense incurred as a result of the acquisition of the Disbursement business in June 2016. ) Tj ET Q q 0 0 0 rg BT 410.85 622.10 Td (The loss from discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (operations provided a tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.95 610.10 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.84 610.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.89 610.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.89 610.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.09 610.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.98 610.10 Td ( for the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 598.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 598.10 Td (, due to the lar) Tj ET Q q 0 0 0 rg BT 165.63 598.10 Td (ger operating loss from the business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 574.10 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 574.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 574.10 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The loss from discontinued operations before income taxes increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.08 550.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.97 550.10 Td ( for the year ended December 31, 2015 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 538.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.09 538.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.99 538.10 Td ( in the same period in 2014. ) Tj ET Q q 0 0 0 rg BT 321.17 538.10 Td (The increase was driven by increased expenses for salaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (and employee benefits, technology-related expenses and professional services due to the growth of BankMobile as Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (invested in a new business. ) Tj ET Q q 0 0 0 rg BT 163.41 514.10 Td (The loss from discontinued operations provided a tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.01 514.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.91 514.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (December 31, 2015, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 502.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.68 502.10 Td ( for the same period in 2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.20 466.10 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 303.32 466.10 Td ( CONDITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 442.10 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 418.10 Td (otal assets were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.66 418.10 Td ($9.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.78 418.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.99 418.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.58 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 264.90 418.10 Td (This represented a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.70 418.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.81 418.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.64 418.10 Td (1) Tj ET Q q 0 0 0 rg BT 407.27 418.10 Td (1.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 418.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.10 418.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.85 418.10 Td ( from total assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ($8.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 406.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 406.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.23 406.10 Td (The major change in our financial position occurred as a result of or) Tj ET Q q 0 0 0 rg BT 466.18 406.10 Td (ganic growth in loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (receivable, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.02 394.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.77 394.10 Td ( by $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.77 394.10 Td (0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.88 394.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.71 394.10 Td (12.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 394.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.82 394.10 Td ($6.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.94 394.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 394.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.74 394.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.68 394.10 Td ($5.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.79 394.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.01 394.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 382.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (In 2016, Customers moderated its ef) Tj ET Q q 0 0 0 rg BT 195.35 358.10 Td (forts to increase loan balances in order to focus on building a stronger balance sheet, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (capital base, and risk management infrastructure, and build BankMobile into a successful company that could be divested so ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (both Customers and BankMobile can grow and thrive, without Durbin ) Tj ET Q q 0 0 0 rg BT 333.02 334.10 Td (Amendment restrictions. Multi-family loans increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 322.10 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.61 322.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.39 322.10 Td ($3.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 322.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.72 322.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.31 322.10 Td (. Commercial loans and lines of credit to mortgage companies increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 310.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 310.10 Td ($2.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 310.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 310.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.81 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.25 310.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 300.16 310.10 Td (, commercial and industrial loans, including owner) Tj ET Q q 0 0 0 rg BT 503.24 310.10 Td (-occupied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (commercial real estate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.95 298.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.70 298.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.70 298.10 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.81 298.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.59 298.10 Td ($1.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.71 298.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.92 298.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.51 298.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 274.10 Td (otal liabilities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.55 274.10 Td ($8.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.66 274.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.88 274.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.46 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 276.28 274.10 Td (This represented a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.08 274.10 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.20 274.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.03 274.10 Td (8.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.86 274.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.86 274.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.61 274.10 Td ( from total liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 262.10 Td ($7.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.94 262.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.16 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.74 262.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.56 262.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.61 262.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.36 262.10 Td ( 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 535.24 262.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.24 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 250.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.20 250.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.02 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.43 250.10 Td (otal deposits grew by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.20 250.10 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.31 250.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.14 250.10 Td (20.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.97 250.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.25 250.10 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.36 250.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.58 250.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.16 250.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.60 250.10 Td ($5.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.71 250.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 139.16 238.10 Td (ransaction deposits increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.79 238.10 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.90 238.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.73 238.10 Td (21.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.56 238.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.84 238.10 Td ($4.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.95 238.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.17 238.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.75 238.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.19 238.10 Td ($3.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 226.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 226.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 226.10 Td (, with non-interest bearing deposits increasing by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.31 226.10 Td ($104 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.71 226.10 Td (. Certificates of deposit accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 214.10 Td ($0.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.87 214.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.70 214.10 Td (20.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.53 214.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 214.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.92 214.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.14 214.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.72 214.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.16 214.10 Td ($2.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.27 214.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.49 214.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.07 214.10 Td (.) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 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 (72) 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 certain key condensed balance sheet data:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 695.60 378.00 -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 50.50 667.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 667.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 667.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 638.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 638.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 638.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 638.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 610.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 610.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 582.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 582.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 582.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 582.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 554.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 554.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 554.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 554.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 526.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 526.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 526.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 498.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 498.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 498.60 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 428.5 719.6 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 428.5 707.6 m 493.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 707.6 m 562.5 707.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 723.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 723.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 711.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 711.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 711.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 699.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 686.17 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 686.17 Td (244,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 686.17 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (Investment securities available for sale, at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 672.17 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 672.17 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.17 Td (Loans held for sale \(includes $2,117,510 and $1,757,807 respectively at fair value\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 657.27 Td (2,117,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 657.27 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.17 Td (Loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 643.17 Td (6,142,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 643.17 Td (5,452,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.17 Td (Total loans receivable, net of allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 629.17 Td (6,105,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 629.17 Td (5,417,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 615.17 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 615.17 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 615.17 Td (8,398,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 601.17 Td (Total deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 601.17 Td (6,846,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 601.17 Td (5,662,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 587.17 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 587.17 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 587.17 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.17 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 573.17 Td (868,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 573.17 Td (1,625,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.17 Td (Other borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 559.17 Td (87,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 559.17 Td (86,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.17 Td ( Subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 545.17 Td (108,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 545.17 Td (108,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 531.17 Td (Liabilities held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 531.17 Td (484,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 531.17 Td (247,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.17 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 517.17 Td (8,526,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 517.17 Td (7,844,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.17 Td (Total shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 503.17 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 503.17 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 489.17 Td (otal liabilities and shareholders) Tj ET Q q 0 0 0 rg BT 185.69 489.17 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 489.17 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 489.17 Td (8,398,205) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.75 449.10 Td (CASH ) Tj ET Q q 0 0 0 rg BT 261.48 449.10 Td (AND CASH EQIV) Tj ET Q q 0 0 0 rg BT 340.20 449.10 Td (ALENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 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 446.12 425.10 Td (These balances totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.13 425.10 Td ($17.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 413.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 413.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 413.10 Td (.) Tj ET Q q 0 0 0 rg BT 174.51 413.10 Td (This represents a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.77 413.10 Td ($36.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.66 413.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.16 413.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.57 413.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.01 413.10 Td ($53.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.90 413.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.12 413.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.70 413.10 Td (. ) Tj ET Q q 0 0 0 rg BT 512.02 413.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (balances vary from day to day) Tj ET Q q 0 0 0 rg BT 170.14 401.10 Td (, primarily due to variations in customers) Tj ET Q q 0 0 0 rg BT 337.41 401.10 Td ( deposits with the Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (Interest earning deposits consist mainly of deposits at the Federal Reserve Bank of Philadelphia.) Tj ET Q q 0 0 0 rg BT 437.78 377.10 Td (These deposits totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 377.10 Td ($227.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 365.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 365.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 365.10 Td (, which was a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.62 365.10 Td ($16.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.51 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.01 365.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.77 365.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.21 365.10 Td ($21) Tj ET Q q 0 0 0 rg BT 354.83 365.10 Td (1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.73 365.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.94 365.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.53 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 494.35 365.10 Td (This balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (varies from day to day) Tj ET Q q 0 0 0 rg BT 139.32 353.10 Td (, depending on several factors, such as variations in customers) Tj ET Q q 0 0 0 rg BT 391.01 353.10 Td ( deposits with the Bank, payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (checks drawn on customers) Tj ET Q q 0 0 0 rg BT 162.83 341.10 Td ( accounts, and strategic investment decisions made to maximize net interest income, while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 329.10 Td (fectively managing interest-rate risk and liquidity) Tj ET Q q 0 0 0 rg BT 254.93 329.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.90 293.10 Td (INVESTMENT) Tj ET Q q 0 0 0 rg BT 307.96 293.10 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (The investment securities portfolio is an important source of interest income and liquidity) Tj ET Q q 0 0 0 rg BT 408.15 269.10 Td (. It consists of mortgage-backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 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 50.00 245.10 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 50.00 233.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 233.10 Td (, provide collateral for other borrowings, and diversify the credit risk of interest-earning assets. ) Tj ET Q q 0 0 0 rg BT 465.44 233.10 Td (The portfolio is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (structured to maximize net interest income, given changes in the economic environment, liquidity position and balance sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (mix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 185.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 185.10 Td (, investment securities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.66 185.10 Td ($493.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 185.10 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.25 185.10 Td ($560.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.14 185.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.36 185.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.94 185.10 Td (. ) Tj ET Q q 0 0 0 rg BT 522.76 185.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 173.10 Td ( was primarily the result of principal payments received on agency-guaranteed residential mortgage-backed securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (and a decision to use the net proceeds from payments to invest in higher yielding loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (Unrealized gains and losses on available-for) Tj ET Q q 0 0 0 rg BT 226.68 137.10 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 50.00 125.10 Td (separate component of shareholders) Tj ET Q q 0 0 0 rg BT 196.14 125.10 Td ( equity) Tj ET Q q 0 0 0 rg BT 222.99 125.10 Td (, net of the related tax ef) Tj ET Q q 0 0 0 rg BT 320.26 125.10 Td (fect.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 727.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.20 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 667.20 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 667.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 667.20 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.20 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 639.20 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 639.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 639.20 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 611.20 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 611.20 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 611.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 611.20 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 400.5 705.2 m 475.5 705.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 705.2 m 479.5 705.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 705.2 m 554.5 705.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 693.2 m 475.5 693.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 693.2 m 554.5 693.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 611.2 m 475.5 611.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 611.2 m 554.5 611.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 611.2 m 475.5 611.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 598.2 m 475.5 598.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 596.2 m 475.5 596.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 611.2 m 554.5 611.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 598.2 m 554.5 598.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 596.2 m 554.5 596.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.55 709.15 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.50 697.15 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.50 697.15 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 684.46 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 671.88 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.77 Td (Residential mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 657.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 657.77 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 657.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 657.77 Td (299,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.77 Td (Commercial real estate mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 643.77 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 643.77 Td (206,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.77 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 629.77 Td (44,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 629.77 Td (39,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.77 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 615.77 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 615.77 Td (22,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 601.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 601.77 Td (497,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 601.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 601.77 Td (568,550) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 583.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 571.30 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 571.30 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 48.95 559.30 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 559.30 Td (Consists primarily of equity securities in a foreign entity) Tj ET Q q 0 0 0 rg BT 305.87 559.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.30 Td (For financial reporting purposes, available-for) Tj ET Q q 0 0 0 rg BT 234.46 535.30 Td (-sale securities are carried at fair value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.30 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 520.88 511.30 Td (Y) Tj ET Q q 0 0 0 rg BT 527.55 511.30 Td (ields are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.30 Td (not reported on a tax-equivalent basis.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 484.90 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.40 136.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 387.40 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 387.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 387.40 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 387.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 387.40 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 387.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 387.40 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 387.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 387.40 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 387.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 387.40 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 387.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 387.40 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 348.40 136.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 348.40 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 348.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 348.40 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 348.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 348.40 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 348.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 348.40 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 348.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 348.40 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 348.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 348.40 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 348.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 348.40 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 309.40 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 309.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 309.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 309.40 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 309.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 309.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 309.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 309.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 309.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 309.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 309.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 309.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 309.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 309.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.40 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 281.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 281.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 281.40 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 281.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 281.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 281.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 281.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 281.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 281.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 281.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 281.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 281.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 281.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 253.40 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 253.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 253.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 253.40 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 253.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 253.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 253.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 253.40 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 253.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 253.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 253.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 253.40 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 253.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 253.40 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 186.5 461.4 m 231.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 461.4 m 235.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 461.4 m 284.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 461.4 m 288.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 461.4 m 333.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 461.4 m 337.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 461.4 m 382.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 461.4 m 386.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 461.4 m 442.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 461.4 m 446.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 461.4 m 502.5 461.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 443.4 m 231.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 443.4 m 235.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 443.4 m 284.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 443.4 m 288.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 443.4 m 333.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 443.4 m 337.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 443.4 m 382.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 443.4 m 386.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 443.4 m 442.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 443.4 m 446.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 443.4 m 502.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 443.4 m 562.5 443.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 416.4 m 231.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 416.4 m 235.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 416.4 m 284.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 416.4 m 288.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 416.4 m 333.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 416.4 m 337.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 416.4 m 382.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 416.4 m 386.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 416.4 m 442.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 416.4 m 446.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 416.4 m 502.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 416.4 m 506.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 416.4 m 562.5 416.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 253.39999999999998 m 231.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 253.39999999999998 m 284.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 253.39999999999998 m 333.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 253.39999999999998 m 382.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 253.39999999999998 m 442.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 253.39999999999998 m 502.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 253.39999999999998 m 562.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 253.39999999999998 m 231.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 240.39999999999998 m 231.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 238.39999999999998 m 231.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 253.39999999999998 m 284.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 240.39999999999998 m 284.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 238.39999999999998 m 284.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 253.39999999999998 m 333.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 240.39999999999998 m 333.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 238.39999999999998 m 333.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 253.39999999999998 m 382.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 240.39999999999998 m 382.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 238.39999999999998 m 382.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 253.39999999999998 m 442.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 240.39999999999998 m 442.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 238.39999999999998 m 442.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 253.39999999999998 m 502.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 240.39999999999998 m 502.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 238.39999999999998 m 502.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 253.39999999999998 m 562.5 253.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 240.39999999999998 m 562.5 240.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 238.39999999999998 m 562.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 238.39999999999998 m 382.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 240.39999999999998 m 382.5 240.39999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.55 465.65 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 465.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.55 447.65 Td (Amortized Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.55 453.35 Td (Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.85 445.40 Td (V) Tj ET Q q 0 0 0 rg BT 529.74 445.40 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.20 428.65 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.15 420.65 Td (1yr) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.15 428.65 Td (1 -5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.05 420.65 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.15 428.65 Td (5 -10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.05 420.65 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.05 428.65 Td (After10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.05 420.65 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.10 435.35 Td (No) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.85 427.35 Td (Specific) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.00 419.35 Td (Maturity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 420.65 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.80 420.65 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 407.65 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.13 Td (Available for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.97 Td (Residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 367.97 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 367.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 367.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 367.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 367.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 367.07 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 367.07 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 367.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 367.07 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 352.97 Td (Yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 352.97 Td (2.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 352.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 352.97 Td (2.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 352.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 352.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.97 Td (Commercial real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 328.97 Td (mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 328.07 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 328.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 328.07 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 328.07 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 313.97 Td (Yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 313.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 313.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 313.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 313.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 313.97 Td (2.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 313.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 313.97 Td (2.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 313.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 313.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 299.97 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 299.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 299.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.10 299.97 Td (37,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.10 299.97 Td (7,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 299.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 299.97 Td (44,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 299.97 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 285.97 Td (Yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 285.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 285.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 285.97 Td (5.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 285.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 285.97 Td (5.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 285.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 285.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 285.97 Td (5.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 285.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 285.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.97 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 271.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 271.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 271.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 271.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 271.97 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 271.97 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 271.97 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 257.97 Td (Yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 257.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 257.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 257.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 243.97 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 243.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 243.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.10 243.97 Td (37,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.10 243.97 Td (7,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 243.97 Td (452,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 243.97 Td (497,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 243.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 243.97 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 229.97 Td (Weighted Average Yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 229.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 229.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 229.97 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 229.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 229.97 Td (5.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 229.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 229.97 Td (5.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 229.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 229.97 Td (2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 229.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 229.97 Td (2.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 229.97 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.90 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 50.00 189.90 Td (guarantees for the collection of principal and interest on the underlying mortgages. ) Tj ET Q q 0 0 0 rg BT 383.32 189.90 Td (The corporate notes in the portfolio include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.90 Td (subordinated notes issued by other bank holding companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.75 153.90 Td (LOANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.90 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 50.00 117.90 Td (Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 138.48 117.90 Td (, Montgomery) Tj ET Q q 0 0 0 rg BT 195.04 117.90 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 50.00 105.90 Td (Jersey; and ) Tj ET Q q 0 0 0 rg BT 97.03 105.90 Td (W) Tj ET Q q 0 0 0 rg BT 105.66 105.90 Td (estchester County and New ) Tj ET Q q 0 0 0 rg BT 217.49 105.90 Td (Y) Tj ET Q q 0 0 0 rg BT 223.71 105.90 Td (ork City) Tj ET Q q 0 0 0 rg BT 256.11 105.90 Td (, New ) Tj ET Q q 0 0 0 rg BT 282.12 105.90 Td (Y) Tj ET Q q 0 0 0 rg BT 288.34 105.90 Td (ork; and the New England area. ) Tj ET Q q 0 0 0 rg BT 419.78 105.90 Td (The loans to mortgage banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.90 Td (companies portfolio is nation-wide. ) Tj ET Q q 0 0 0 rg BT 197.01 93.90 Td (The loan portfolio consists primarily of loans to support mortgage banking companies) Tj ET Q q 0 0 0 rg BT 543.70 93.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.90 Td (funding needs, multi-family/commercial real estate, and commercial and industrial loans. ) Tj ET Q q 0 0 0 rg BT 409.42 81.90 Td (The Bank continues to focus on small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.90 Td (and middle market business loans to grow its commercial lending ef) Tj ET Q q 0 0 0 rg BT 322.53 69.90 Td (forts, expand its specialty mortgage warehouse lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.90 Td (business, and expand its multi-family/commercial real estate lending business, and maintain its consumer portfolio.) Tj ET Q 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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Commer) Tj ET Q q 0 0 0 rg BT 84.07 742.10 Td (cial Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (Multi-family and Commercial Real Estate Lending, and Mortgage Banking Lending. ) Tj ET Q q 0 0 0 rg BT 391.96 706.10 Td (This grouping is designed to allow for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (greater resource deployment, higher standards of risk management, strong asset quality) Tj ET Q q 0 0 0 rg BT 398.13 694.10 Td (, lower interest rate risk and higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (productivity levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The commercial lending group focuses on companies with annual revenues ranging from $1 million to $100 million, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (typically have credit requirements between $0.5 million and $10 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The small and middle market business banking platform originates loans, including Small Business ) Tj ET Q q 0 0 0 rg BT 449.39 622.10 Td (Administration loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (through the branch network sales force and a team of dedicated relationship managers. ) Tj ET Q q 0 0 0 rg BT 398.57 610.10 Td (The support administration of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (platform is centralized including risk management, product management, marketing, performance tracking and overall strategy) Tj ET Q q 0 0 0 rg BT 557.50 598.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 574.10 Td (providing appropriate financial solutions to the small business owners in its communities. ) Tj ET Q q 0 0 0 rg BT 410.79 574.10 Td (A) Tj ET Q q 0 0 0 rg BT 417.46 574.10 Td ( division approach focuses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (industries that of) Tj ET Q q 0 0 0 rg BT 117.03 562.10 Td (fer high asset quality and are deposit rich to drive profitability) Tj ET Q q 0 0 0 rg BT 364.64 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (In 2009, Customers launched its lending to mortgage banking businesses products, which primarily provides financing to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (mortgage bankers for residential mortgage originations from loan closing until sale in the secondary market.Many providers of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (liquidity in this segment exited the business in 2009 during a period of market turmoil.Customers saw an opportunity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (provide liquidity to this business segment at attractive spreads.) Tj ET Q q 0 0 0 rg BT 303.11 502.10 Td (There was also the opportunity to attract escrow deposits and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (generate fee income in this business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The goal of the mortgage banking business lending group is to provide liquidity to mortgage companies. ) Tj ET Q q 0 0 0 rg BT 470.02 466.10 Td (These loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 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 50.00 442.10 Td (secondary market. ) Tj ET Q q 0 0 0 rg BT 125.62 442.10 Td (The underlying residential loans are taken as collateral for Customers' loans. ) Tj ET Q q 0 0 0 rg BT 433.44 442.10 Td (As of December31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (loans in the warehouse lending portfolio totaled $2.1 billion and are designated as held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 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 50.00 394.10 Td (covered markets, while cross selling other products and services. ) Tj ET Q q 0 0 0 rg BT 311.68 394.10 Td (This product primarily tar) Tj ET Q q 0 0 0 rg BT 415.09 394.10 Td (gets refinancing existing loans with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (other banks using conservative underwriting and provides purchase money for new acquisitions by borrowers. ) Tj ET Q q 0 0 0 rg BT 493.32 382.10 Td (The primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (collateral for these loans is a first lien mortgage on the multi-family property) Tj ET Q q 0 0 0 rg BT 356.48 370.10 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 50.00 358.10 Td (property) Tj ET Q q 0 0 0 rg BT 83.23 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 87.68 358.10 Td (As of December31, 2016, Customers had multi-family loans of $3.2 billion outstanding, comprising approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (39.0% of the total loan portfolio, compared to $2.9 billion, or approximately 40.7% of the total loan portfolio, at December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (As of December31, 2016, Customers had $8.0 billion in commercial loans outstanding, composing approximately 96.4% of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (total loan portfolio, which includes loans held for sale, compared to $6.9 billion, composing approximately 94.6% at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (December31, 2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Consumer Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 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 50.00 226.10 Td (are conservative and lending is of) Tj ET Q q 0 0 0 rg BT 184.49 226.10 Td (fered to solidify customer relationships and grow relationship revenues in the long term. ) Tj ET Q q 0 0 0 rg BT 539.78 226.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (lending is important in Customers' ef) Tj ET Q q 0 0 0 rg BT 197.99 214.10 Td (forts to grow total relationship revenues for its consumer households. ) Tj ET Q q 0 0 0 rg BT 477.11 214.10 Td (As of December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (2016, Customers had $298.7 million in consumer loans outstanding, or 3.6% of the total loan portfolio, which includes loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (held for sale. ) Tj ET Q q 0 0 0 rg BT 104.24 190.10 Td (The Bank plans to expand its product of) Tj ET Q q 0 0 0 rg BT 264.31 190.10 Td (ferings in real estate secured consumer lending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 Td (communities. ) Tj ET Q q 0 0 0 rg BT 106.11 154.10 Td (As part of this program, the Bank is of) Tj ET Q q 0 0 0 rg BT 260.07 154.10 Td (fering an Af) Tj ET Q q 0 0 0 rg BT 313.19 154.10 Td (fordable Mortgage Product. ) Tj ET Q q 0 0 0 rg BT 430.75 154.10 Td (This community outreach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (program is penetrating the underserved population, especially in low-and moderate income neighborhoods. ) Tj ET Q q 0 0 0 rg BT 480.43 142.10 Td (As part of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (commitment, a loan production of) Tj ET Q q 0 0 0 rg BT 186.18 130.10 Td (fice was opened in Progress Plaza, 1501 North Broad Street, Philadelphia, P) Tj ET Q q 0 0 0 rg BT 490.20 130.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 502.24 130.10 Td (The program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 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 50.00 106.10 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 496.40 106.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Af) Tj ET Q q 0 0 0 rg BT 64.81 94.10 Td (fordable Mortgage Product is of) Tj ET Q q 0 0 0 rg BT 197.37 94.10 Td (fered throughout Customers Bank) Tj ET Q q 0 0 0 rg BT 335.96 94.10 Td (s assessment areas.) 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 (The composition of loans held for sale was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 683.60 165.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 683.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 683.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 683.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 683.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 683.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.60 165.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 647.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 647.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 647.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 647.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 647.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.60 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 601.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 601.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 601.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 601.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 601.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.60 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 565.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 565.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 565.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 565.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 565.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 707.6 m 286.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 707.6 m 290.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 707.6 m 353.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 707.6 m 357.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 707.6 m 422.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 707.6 m 426.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 707.6 m 491.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 707.6 m 495.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 707.6 m 560.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 695.6 m 286.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 695.6 m 353.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 695.6 m 422.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 695.6 m 491.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 695.6 m 560.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 624.6 m 286.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 624.6 m 286.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 624.6 m 353.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 624.6 m 422.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 624.6 m 491.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 624.6 m 560.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 565.6 m 286.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 565.6 m 353.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 565.6 m 422.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 565.6 m 286.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 552.6 m 286.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 550.6 m 286.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 552.6 m 353.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 550.6 m 353.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 552.6 m 422.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 550.6 m 422.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 565.6 m 491.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 552.6 m 491.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 550.6 m 491.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 565.6 m 560.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 552.6 m 560.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 550.6 m 560.5 550.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.05 711.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 699.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.50 699.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 699.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 699.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 699.55 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 687.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 674.17 Td (Commercial Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 661.17 Td (Mortgage warehouse loans at fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.17 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 652.27 Td (2,116,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 652.27 Td (1,754,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 652.27 Td (1,332,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 652.27 Td (740,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 652.27 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 638.17 Td (Multi-family loans at lower of cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 628.17 Td (or fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 629.27 Td (39,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 629.27 Td (99,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 615.17 Td (Total commercial loans held for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 605.17 Td (sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 606.27 Td (2,116,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 606.27 Td (1,794,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 606.27 Td (1,431,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 606.27 Td (740,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 606.27 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.17 Td (Consumer Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 578.17 Td (Residential mortgage loans at fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 568.22 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 570.27 Td (695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 570.27 Td (2,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 570.27 Td (3,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 570.27 Td (6,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 570.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 556.17 Td (Loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 556.17 Td (2,117,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 556.17 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 556.17 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 556.17 Td (747,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 556.17 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (Because the FDIC loss sharing agreements were terminated in 2016, and the balance of covered loans was not significant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (Customers' total loan portfolio, the disaggregation between covered and non-covered loans is no longer presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (disclosures that follow) Tj ET Q q 0 0 0 rg BT 139.89 504.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.84 504.10 Td (Additional disaggregation of the commercial real estate loan portfolio between owner occupied and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (non-owner occupied is presented for 2016, 2015 and 2014. For years prior) Tj ET Q q 0 0 0 rg BT 347.03 492.10 Td (, owner occupied and non-owner occupied are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (presented collectively as commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 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 50.50 409.60 166.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 409.60 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 382.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 382.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 354.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 354.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 326.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 326.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.60 166.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 300.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 300.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 300.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 300.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 300.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 300.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 300.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 300.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 300.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 273.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 273.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 273.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 273.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 273.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 273.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 245.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 245.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 245.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 245.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 245.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 245.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 245.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 216.60 166.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 216.60 71.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 216.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 216.60 64.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 216.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 216.60 65.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 216.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 216.60 65.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 216.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 216.60 65.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 171.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 171.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 171.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 171.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 171.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 171.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 171.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 171.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 171.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 171.60 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 216.5 433.6 m 287.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 433.6 m 291.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 433.6 m 355.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 433.6 m 359.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 433.6 m 424.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 433.6 m 428.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 433.6 m 493.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 433.6 m 497.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 433.6 m 562.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 421.6 m 287.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 421.6 m 355.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 421.6 m 424.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 421.6 m 493.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 421.6 m 562.5 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 326.6 m 287.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 326.6 m 355.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 326.6 m 424.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 326.6 m 493.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 326.6 m 562.5 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 245.60000000000002 m 287.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 245.60000000000002 m 355.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 245.60000000000002 m 424.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 245.60000000000002 m 493.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 245.60000000000002 m 562.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 231.60000000000002 m 287.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 231.60000000000002 m 355.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 231.60000000000002 m 424.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 231.60000000000002 m 493.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 231.60000000000002 m 562.5 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 171.60000000000002 m 287.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 158.60000000000002 m 287.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 156.60000000000002 m 287.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 171.60000000000002 m 355.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 158.60000000000002 m 355.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 156.60000000000002 m 355.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 171.60000000000002 m 424.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 158.60000000000002 m 424.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 156.60000000000002 m 424.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 171.60000000000002 m 428.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 158.60000000000002 m 428.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 156.60000000000002 m 428.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 171.60000000000002 m 493.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 158.60000000000002 m 493.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 156.60000000000002 m 493.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 171.60000000000002 m 497.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 158.60000000000002 m 497.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 156.60000000000002 m 497.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 171.60000000000002 m 562.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 158.60000000000002 m 562.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 156.60000000000002 m 562.5 156.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 437.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.50 425.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 425.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 425.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 425.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 425.55 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 413.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 400.17 Td ( Commercial:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 387.17 Td ( Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 387.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 387.17 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 387.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 387.17 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 387.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 387.17 Td (2,208,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 387.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 387.17 Td (1,064,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 387.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 387.17 Td (363,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 373.17 Td ( Commercial and industrial \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 373.17 Td (1,370,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 373.17 Td (1,111,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 373.17 Td (785,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 373.17 Td (296,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 373.17 Td (126,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 359.17 Td ( Commercial real estate \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 359.17 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 359.17 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 359.17 Td (839,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 359.17 Td (753,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 359.17 Td (489,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 345.17 Td ( Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 345.17 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 345.17 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 345.17 Td (49,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 345.17 Td (42,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 345.17 Td (45,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 331.17 Td ( Mortgage warehouse \(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 331.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 331.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 331.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 331.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 331.17 Td (9,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 317.17 Td ( Total commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 317.17 Td (5,844,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 317.17 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 317.17 Td (3,883,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 317.17 Td (2,157,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 317.17 Td (1,034,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.17 Td ( Consumer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 278.17 Td ( Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 278.17 Td (193,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 278.17 Td (271,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 278.17 Td (297,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 278.17 Td (163,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 278.17 Td (129,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 264.17 Td ( Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 264.17 Td (101,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 264.17 Td (113,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 264.17 Td (126,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 264.17 Td (139,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 264.17 Td (153,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 250.17 Td ( Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 250.17 Td (2,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 250.17 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 250.17 Td (3,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 250.17 Td (4,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 250.17 Td (5,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 236.17 Td ( Total consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 236.17 Td (297,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 236.17 Td (388,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 236.17 Td (427,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 236.17 Td (307,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 236.17 Td (289,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.17 Td (Total loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 221.27 Td (6,142,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 221.27 Td (5,452,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 221.27 Td (4,310,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 221.27 Td (2,465,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 221.27 Td (1,323,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 207.17 Td ( Deferred costs \(fees\) and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 197.17 Td (unamortized premiums \(discounts\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 187.22 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 190.27 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 190.27 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 190.27 Td (512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 190.32 Td (\(912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 190.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 190.27 Td (1,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 176.17 Td ( Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 176.17 Td (\(37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 176.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 176.22 Td (\(35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 176.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 176.22 Td (\(30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 176.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 176.22 Td (\(23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 176.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 176.22 Td (\(25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 176.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 162.17 Td ( Loans receivable, net of allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 162.17 Td (6,105,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 162.17 Td (5,417,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 162.17 Td (4,280,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 162.17 Td (2,440,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 162.17 Td (1,298,630) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 143.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 131.70 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 131.70 Td (Includes owner occupied commercial real estate loans for 2016, 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 119.70 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 119.70 Td (Includes non-owner occupied commercial real estate loans for 2016, 2015 and 2014. For 2013 and 2012, includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 107.70 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 95.70 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 95.70 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 83.70 Td (repurchase agreements and classified as held for sale. ) 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 (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 50.00 730.10 Td (classified as loans held for sale. Loans held for sale totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.70 730.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.81 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.25 730.10 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.37 730.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.58 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.17 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.60 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.60 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 718.10 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 50.00 706.10 Td (origination until the loans are sold into the secondary market. ) Tj ET Q q 0 0 0 rg BT 297.44 706.10 Td (As a mortgage warehouse lender) Tj ET Q q 0 0 0 rg BT 428.10 706.10 Td (, we provide a form of financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 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 50.00 682.10 Td (repurchase agreement. ) Tj ET Q q 0 0 0 rg BT 142.27 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 150.90 682.10 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 50.00 670.10 Td (bankruptcy and default of the mortgage banker or of the underlying residential borrower) Tj ET Q q 0 0 0 rg BT 402.81 670.10 Td (, any of which could result in credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 78.71 658.10 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 50.00 646.10 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 50.00 622.10 Td (Loans receivable, net of the allowance for loan losses, increased by $0.7 billion to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.73 622.10 Td ($6.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.84 622.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.06 622.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.64 622.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.08 622.10 Td ($5.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 610.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 610.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.73 610.10 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 50.00 598.10 Td (balances in multi-family) Tj ET Q q 0 0 0 rg BT 147.10 598.10 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 50.00 586.10 Td (occupied commercial real estate loans, which increased $0.3 billion, $0.3 billion, and $0.2 billion, respectively) Tj ET Q q 0 0 0 rg BT 492.28 586.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 574.10 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 501.56 574.10 Td (ganic growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 81.01 562.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The following table sets forth Customers' commercial loans receivable as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.43 538.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.01 538.10 Td (, in terms of contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (maturity date and interest rate characteristics: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 458.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 458.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 458.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 458.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 458.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 240.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 430.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 430.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 430.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 430.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 430.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 430.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 430.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 392.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 392.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 392.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 392.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 392.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 392.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 392.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 392.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 364.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 364.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 364.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 364.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 364.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 364.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 364.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 336.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 336.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 336.60 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 290.5 470.6 m 355.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 470.6 m 424.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 470.6 m 493.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 378.6 m 355.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 378.6 m 424.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 378.6 m 493.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 378.6 m 562.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 378.6 m 355.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 365.6 m 355.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 363.6 m 355.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 378.6 m 424.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 365.6 m 424.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 363.6 m 424.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 378.6 m 493.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 365.6 m 493.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 363.6 m 493.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 378.6 m 562.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 365.6 m 562.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 363.6 m 562.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 322.6 m 355.5 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 322.6 m 424.5 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 322.6 m 493.5 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 322.6 m 562.5 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 309.6 m 355.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 307.6 m 355.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 309.6 m 359.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 307.6 m 359.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 309.6 m 424.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 307.6 m 424.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 309.6 m 428.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 307.6 m 428.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 309.6 m 493.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 307.6 m 493.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 309.6 m 497.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 307.6 m 497.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 309.6 m 562.5 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 307.6 m 562.5 307.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.55 482.85 Td (W) Tj ET Q q 0 0 0 rg BT 318.78 482.85 Td (ithin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.80 474.85 Td (one year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.25 506.85 Td (Afterone) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.35 498.85 Td (but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.25 490.85 Td (within) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.25 482.85 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.05 474.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.05 490.85 Td (After) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.25 482.85 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.05 474.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 474.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 462.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.17 Td (Commercial Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 435.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 435.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 435.17 Td (96,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 435.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 435.17 Td (2,404,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 435.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 435.17 Td (714,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 435.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 435.17 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 421.17 Td (Commercial and industrial \(including owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 411.17 Td (commercial real estate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 411.27 Td (145,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 411.27 Td (711,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 411.27 Td (513,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 411.27 Td (1,370,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 397.17 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 397.17 Td (82,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 397.17 Td (740,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 397.17 Td (370,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 397.17 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 383.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 383.17 Td (14,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 383.17 Td (18,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 383.17 Td (32,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 383.17 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 369.17 Td (Total commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 369.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 369.17 Td (338,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 369.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 369.17 Td (3,874,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 369.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 369.17 Td (1,630,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 369.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 369.17 Td (5,844,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 355.17 Td (Amount of such loans with:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 341.17 Td (Predetermined rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 341.17 Td (177,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 341.17 Td (3,223,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 341.17 Td (617,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 341.17 Td (4,017,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 327.17 Td (Floating or adjustable rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 327.17 Td (161,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 327.17 Td (651,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 327.17 Td (1,013,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 327.17 Td (1,826,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 313.17 Td (Total commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 313.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 313.17 Td (338,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 313.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 313.17 Td (3,874,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 313.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 313.17 Td (1,630,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 313.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 313.17 Td (5,844,356) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.15 261.10 Td (CREDIT) Tj ET Q q 0 0 0 rg BT 311.87 261.10 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 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 50.00 225.10 Td (underwriting standards and collection ef) Tj ET Q q 0 0 0 rg BT 210.88 225.10 Td (forts, and continuous and periodic loan classification reviews. Management also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (considers the ef) Tj ET Q q 0 0 0 rg BT 112.57 213.10 Td (fect of credit risk on financial performance by reviewing quarterly and maintaining an adequate allowance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (loan losses. Credit losses are char) Tj ET Q q 0 0 0 rg BT 184.23 201.10 Td (ged when they are identified, and provisions are added when it is estimated that a loss has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (occurred, to the allowance for loan losses at least quarterly) Tj ET Q q 0 0 0 rg BT 284.26 189.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.08 189.10 Td (The allowance for loan losses is estimated at least quarterly) Tj ET Q q 0 0 0 rg BT 526.40 189.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (The provision for loan losses was $2.3 million, $20.6 million, and $14.7 million for the years ended December31, 2016, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (and 2014, respectively) Tj ET Q q 0 0 0 rg BT 139.60 153.10 Td (.) Tj ET Q q 0 0 0 rg BT 144.42 153.10 Td (The allowance for loan losses maintained for loans receivable \(excludes loans held for sale as estimable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (credit losses are embedded in the fair values at which the loans are reported\) was $37.3 million, or 0.61% of total loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (receivable, at December31, 2016 and $35.7 million, or 0.65% of total loans receivable, at December31, 2015.) Tj ET Q q 0 0 0 rg BT 495.78 129.10 Td (The percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (of the allowance of loan losses to total loans receivable declined during 2016 primarily due to continued growth of the multi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 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 93.10 Td (experience than other commercial loans. Net char) Tj ET Q q 0 0 0 rg BT 248.33 93.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 269.25 93.10 Td (fs were $1.7 million for the year ended December31, 2016, a decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (of $10.3 million compared to $12.0 million for the year ending December31, 2015.) Tj ET Q q 0 0 0 rg BT 387.52 81.10 Td (The decrease in net char) Tj ET Q q 0 0 0 rg BT 484.50 81.10 Td (ge of) Tj ET Q q 0 0 0 rg BT 504.59 81.10 Td (fs was driven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (by the identification of a $9.0 million fraudulent loan that was char) Tj ET Q q 0 0 0 rg BT 318.08 69.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 343.99 69.10 Td (f in its entirety during 2015. ) 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 (Customers had no loans that were covered under loss share arrangements with the FDIC as of December31, 2016. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (had approximately $13.8 million in loans that were covered under loss share arrangements with the FDIC as of December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (2015. On July 1) Tj ET Q q 0 0 0 rg BT 113.52 718.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (loss sharing agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.74 706.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.63 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (as final payment under these agreements. ) Tj ET Q q 0 0 0 rg BT 219.76 694.10 Td (The negotiated settlement amount was based on net losses incurred on the covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (assets through September 30, 2015, adjusted for cash payments to and receipts from the FDIC as part of the December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (and March 31, 2016 certifications. Consequently) Tj ET Q q 0 0 0 rg BT 247.08 670.10 Td (, loans and other real estate owned previously reported as covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (pursuant to the loss sharing agreements were no longer presented as covered assets as of June 30, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Customers Bank considered the covered loans in estimating the allowance for loan losses and considered recovery of estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (credit losses from the FDIC in the FDIC indemnification asset. Refer to NOTE 4 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 452.81 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.76 622.10 Td (ACCOUNTING ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (POLICIES ) Tj ET Q q 0 0 0 rg BT 95.84 610.10 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 208.67 610.10 Td (A) Tj ET Q q 0 0 0 rg BT 214.79 610.10 Td (TIONfor further discussion on the accounting for the FDIC loss sharing receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (balance.) Tj ET Q 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 /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 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 548.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 548.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 548.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 548.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 548.60 59.00 -15.00 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 50.50 399.60 199.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 399.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 399.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 399.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 399.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 399.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 399.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 399.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 399.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 399.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.60 199.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 351.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 351.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 351.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 351.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 351.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 351.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 351.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 351.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 351.60 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 249.5 548.6 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 311.5 548.6 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 374.5 548.6 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 436.5 548.6 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 499.5 548.6 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 249.5 444.6 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 249.5 429.6 m 307.5 429.6 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 311.5 429.6 m 370.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 429.6 m 432.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 429.6 m 495.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 429.6 m 558.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 429.6 m 307.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 429.6 m 370.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 429.6 m 432.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 429.6 m 495.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 429.6 m 558.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 375.6 m 307.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 352.6 m 307.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 350.6 m 307.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 375.6 m 370.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 352.6 m 370.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 350.6 m 370.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 375.6 m 432.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 352.6 m 432.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 350.6 m 432.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 375.6 m 495.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 352.6 m 495.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 350.6 m 495.5 350.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 375.6 m 558.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 352.6 m 558.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 350.6 m 558.5 350.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 710.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.60 710.85 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 /F1 8.00 Tf ET q 0 0 0 rg BT 270.00 697.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.50 697.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.00 697.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.50 697.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 697.85 Td (2012) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 657.27 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 657.27 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 657.27 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 657.27 Td (25,837) 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 (15,032) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 628.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 628.27 Td (1,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 628.27 Td (895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 628.27 Td (2,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 628.27 Td (2,507) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 613.27 Td (2,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 613.27 Td (11,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 613.27 Td (1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 613.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 613.27 Td (522) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 598.27 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 598.27 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 598.27 Td (1,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 598.27 Td (3,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 598.27 Td (2,462) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 583.27 Td (493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 583.27 Td (276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 583.27 Td (667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 583.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 583.27 Td (649) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 568.27 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 568.27 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 568.27 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 568.27 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 568.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.17 Td (Charge-offs for BankMobile loans \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 553.27 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 553.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.17 Td (Total Loan Charge-offs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 538.27 Td (4,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 538.27 Td (13,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 538.27 Td (4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 538.27 Td (7,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 538.27 Td (6,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 524.33 Td (Loan recoveries \(1\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 509.27 Td (1,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 509.27 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 509.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 509.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.17 Td (Commercial and industrial \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 494.27 Td (381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 494.27 Td (562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 494.27 Td (736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 494.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 494.27 Td (514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td (Commercial real estate \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 479.27 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 479.27 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 479.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 479.27 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 464.27 Td (367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 464.27 Td (575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 464.27 Td (265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 464.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 464.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 450.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 449.27 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 449.27 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 449.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 449.27 Td (9) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 435.17 Td (Total Recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 434.27 Td (2,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 434.27 Td (1,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 434.27 Td (1,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 434.27 Td (444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 434.27 Td (700) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 420.33 Td (Total net charge-offs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 419.27 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 419.27 Td (11,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 419.27 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 419.27 Td (6,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 419.27 Td (5,466) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 405.33 Td (Provision for loan losses \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 404.27 Td (2,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 404.27 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 404.27 Td (10,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 404.27 Td (5,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 404.27 Td (16,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 380.27 Td (Provision for BankMobile loans \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 380.27 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 380.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 380.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 380.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 380.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 356.28 Td (Ending Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 356.27 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 356.27 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 356.27 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 356.27 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 356.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 356.27 Td (25,837) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 342.33 Td (Net charge-offs as a percentage of average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 332.33 Td (loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 332.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 332.27 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 332.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 332.27 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 332.27 Td (0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 332.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 313.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 301.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 301.70 Td (Char) Tj ET Q q 0 0 0 rg BT 99.71 301.70 Td (ge-of) Tj ET Q q 0 0 0 rg BT 120.63 301.70 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 80.45 289.70 Td (basis when the pool matures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 277.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 277.70 Td (Includes owner occupied commercial real estate loans for 2016, 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 265.70 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 265.70 Td (Includes non-owner occupied commercial real estate loans for 2016, 2015 and 2014. For 2013 and 2012, includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 253.70 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 48.95 241.70 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 241.70 Td (Includes activities for BankMobile related loans, primarily overdrawn deposit accounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 229.70 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 229.70 Td (The provision amounts exclude the \(cost\)/benefit of the FDIC loss share arrangements of $0.3 million, $\(3.9\) million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 217.70 Td ($\(4.7\) million, $2.8 million, and $2.0 million, respectively) Tj ET Q q 0 0 0 rg BT 313.38 217.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.70 Td (The allowance for loan losses is based on a quarterly evaluation of the loan portfolio and is maintained at a level that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.70 Td (management considers adequate to absorb probable losses incurred as of the balance sheet date.) Tj ET Q q 0 0 0 rg BT 434.58 181.70 Td (All commercial loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.70 Td (assigned credit risk ratings, based upon an assessment of the borrower) Tj ET Q q 0 0 0 rg BT 330.36 169.70 Td (, the structure of the transaction and the available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.70 Td (collateral and/or guarantees.) Tj ET Q q 0 0 0 rg BT 164.95 157.70 Td (All loans are monitored regularly by the responsible of) Tj ET Q q 0 0 0 rg BT 384.15 157.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 402.07 157.70 Td (, and the risk ratings are adjusted when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.70 Td (considered appropriate.) Tj ET Q q 0 0 0 rg BT 146.17 145.70 Td (The risk assessment allows management to identify problem loans timely) Tj ET Q q 0 0 0 rg BT 439.07 145.70 Td (.Management considers a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.70 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 50.00 121.70 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 470.15 121.70 Td (Accounting Policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.70 Td (herein and NOTE 4 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 205.62 109.70 Td ( ) Tj ET Q q 0 0 0 rg BT 207.57 109.70 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 322.02 109.70 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 434.85 109.70 Td (A) Tj ET Q q 0 0 0 rg BT 440.96 109.70 Td (TIONfor further discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.70 Td (on management's methodology for estimating the allowance for loan losses.) 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 50.00 742.10 Td (Approximately 80%of the Bank) Tj ET Q q 0 0 0 rg BT 183.31 742.10 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 50.00 730.10 Td (commercial and industrial loan types have real estate as collateral \(collectively) Tj ET Q q 0 0 0 rg BT 364.21 730.10 Td (, the real estate portfolio\). ) Tj ET Q q 0 0 0 rg BT 478.70 730.10 Td (The Bank) Tj ET Q q 0 0 0 rg BT 520.63 730.10 Td (s lien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 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 479.56 706.10 Td (s credit group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 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 50.00 682.10 Td (estate values have deteriorated.) Tj ET Q q 0 0 0 rg BT 177.26 682.10 Td (The credit committee and loan of) Tj ET Q q 0 0 0 rg BT 310.08 682.10 Td (ficers review loans that are fifteen or more days delinquent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 374.16 670.10 Td (ficers have identified a borrower of interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 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 451.72 658.10 Td (.) Tj ET Q q 0 0 0 rg BT 456.54 658.10 Td (The risk ratings for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 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 50.00 634.10 Td (with the borrower) Tj ET Q q 0 0 0 rg BT 121.25 634.10 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 50.00 622.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 622.10 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 50.00 610.10 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 50.00 598.10 Td (to the outstanding loan balance to measure a specific reserve.) Tj ET Q q 0 0 0 rg BT 296.85 598.10 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 50.00 586.10 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 50.00 574.10 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 50.00 562.10 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 50.00 538.10 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 50.00 526.10 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 50.00 514.10 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 50.00 502.10 Td (in the various credit portfolios, all of which require judgment and may be susceptible to significant change over time and as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (result of changing economic conditions or other factors.Pursuant to ) Tj ET Q q 0 0 0 rg BT 323.55 490.10 Td (ASC 310-10-35 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 389.66 490.10 Td (Loan Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.38 490.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 478.27 490.10 Td (ASC 310-40 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 478.10 Td (r) Tj ET Q q 0 0 0 rg BT 58.53 478.10 Td (oubled Debt Restructurings by Cr) Tj ET Q q 0 0 0 rg BT 193.70 478.10 Td (editors,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.98 478.10 Td ( impaired loans, consisting primarily of non-accrual and restructured loans, are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (considered in the methodology for determining the allowance for credit losses.Impaired loans are generally evaluated based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (the expected future cash flows or the fair value of the underlying collateral \(less estimated costs to sell\) if principal repayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (is expected to come from the sale or operation of such collateral.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 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 50.00 403.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 296.20 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 296.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 296.20 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 296.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 296.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 296.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 296.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 296.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 296.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 296.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 296.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 296.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.20 83.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 257.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 257.20 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 257.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 257.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 257.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 257.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 257.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 257.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 257.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 257.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 257.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 218.20 83.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 218.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 218.20 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 218.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 218.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 218.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 218.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 218.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 218.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 218.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 218.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 218.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 178.20 83.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 178.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 178.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 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476.50 178.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 178.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 178.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 178.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 128.20 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 128.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 128.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 128.20 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 128.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 128.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 128.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 128.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 128.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 128.20 41.00 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381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 381.20000000000005 m 435.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 381.20000000000005 m 439.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 381.20000000000005 m 476.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 381.20000000000005 m 480.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 381.20000000000005 m 521.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 381.20000000000005 m 525.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 381.20000000000005 m 562.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 369.20000000000005 m 174.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 369.20000000000005 m 178.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 369.20000000000005 m 218.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 369.20000000000005 m 263.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 369.20000000000005 m 267.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 369.20000000000005 m 304.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 369.20000000000005 m 349.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 369.20000000000005 m 353.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 369.20000000000005 m 390.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 369.20000000000005 m 394.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 381.20000000000005 m 435.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 369.20000000000005 m 435.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 369.20000000000005 m 439.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 369.20000000000005 m 476.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 369.20000000000005 m 480.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 381.20000000000005 m 521.5 381.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 369.20000000000005 m 521.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 369.20000000000005 m 525.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 369.20000000000005 m 562.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 308.20000000000005 m 174.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 369.20000000000005 m 218.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 308.20000000000005 m 218.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 308.20000000000005 m 263.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 308.20000000000005 m 304.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 308.20000000000005 m 349.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 308.20000000000005 m 390.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 369.20000000000005 m 435.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 308.20000000000005 m 435.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 308.20000000000005 m 476.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 369.20000000000005 m 480.5 369.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 308.20000000000005 m 521.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 308.20000000000005 m 562.5 308.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 114.20000000000005 m 174.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 114.20000000000005 m 218.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 114.20000000000005 m 263.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 114.20000000000005 m 304.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 114.20000000000005 m 349.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 114.20000000000005 m 390.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 114.20000000000005 m 435.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 114.20000000000005 m 476.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 114.20000000000005 m 521.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 114.20000000000005 m 562.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 101.20000000000005 m 174.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 99.20000000000005 m 174.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 101.20000000000005 m 218.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 99.20000000000005 m 218.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 101.20000000000005 m 263.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 99.20000000000005 m 263.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 101.20000000000005 m 304.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 99.20000000000005 m 304.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 101.20000000000005 m 349.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 99.20000000000005 m 349.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 101.20000000000005 m 390.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 99.20000000000005 m 390.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 101.20000000000005 m 435.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 99.20000000000005 m 435.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 101.20000000000005 m 476.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 99.20000000000005 m 476.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 101.20000000000005 m 521.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 99.20000000000005 m 521.5 99.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 101.20000000000005 m 562.5 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 99.20000000000005 m 562.5 99.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 385.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.05 385.15 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 373.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.50 373.15 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.00 373.15 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.00 373.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.00 373.15 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.00 373.15 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 312.45 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 137.25 327.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 141.70 319.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 144.50 312.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 182.65 349.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 184.95 342.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 191.10 334.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 185.05 327.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 187.45 319.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 190.05 312.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 226.25 327.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 230.70 319.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 233.50 312.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 270.15 349.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.45 342.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 278.60 334.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.55 327.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 274.95 319.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 277.55 312.35 Td (loans ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 312.25 327.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 316.70 319.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 319.50 312.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 356.15 349.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 358.45 342.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 364.60 334.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 358.55 327.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 360.95 319.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 363.55 312.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 398.25 327.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 402.70 319.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.50 312.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 442.15 349.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 444.45 342.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 450.60 334.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 444.55 327.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 446.95 319.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 449.55 312.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 484.25 327.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 488.70 319.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 491.50 312.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 528.15 349.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 530.45 342.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 536.60 334.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 530.55 327.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 532.95 319.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.55 312.35 Td (loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 300.15 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 287.46 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 286.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.65 286.77 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 286.77 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 286.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 286.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 286.77 Td (1,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 286.77 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 286.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 286.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 286.77 Td (1,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 286.77 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 286.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 286.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 286.77 Td (2,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 286.77 Td (9.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 286.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 286.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 286.77 Td (3,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 286.77 Td (15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 286.77 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 273.46 Td (Commercial and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 264.46 Td (industrial \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 261.87 Td (13,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.10 261.87 Td (35.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 261.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.10 261.87 Td (10,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 261.87 Td (28.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 261.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 261.87 Td (9,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 261.87 Td (29.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 261.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 261.87 Td (2,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 261.87 Td (11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 261.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 261.87 Td (1,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 261.87 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 261.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 248.46 Td (Commercial real) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 239.46 Td (estate \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 236.87 Td (7,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.10 236.87 Td (21.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 236.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 236.87 Td (8,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 236.87 Td (23.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 236.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 236.87 Td (9,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 236.87 Td (29.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 236.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.10 236.87 Td (11,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 236.87 Td (47.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 236.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.10 236.87 Td (13,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 236.87 Td (52.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 236.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 223.46 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 222.77 Td (11,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.10 222.77 Td (31.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 222.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.10 222.77 Td (12,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 222.77 Td (33.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 222.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 222.77 Td (8,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 222.77 Td (27.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 222.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 222.77 Td (4,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 222.77 Td (17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 222.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 222.77 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 222.77 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 222.77 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 209.46 Td (Residential real) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 200.46 Td (estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 197.87 Td (3,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 197.87 Td (9.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 197.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 197.87 Td (3,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 197.87 Td (9.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 197.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 197.87 Td (2,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 197.87 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 197.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 197.87 Td (2,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 197.87 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 197.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 197.87 Td (3,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 197.87 Td (12.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 197.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 184.46 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.65 182.87 Td (118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 182.87 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 182.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 182.87 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 182.87 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 182.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 182.87 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 182.87 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 182.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 182.87 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 182.87 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 182.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 182.87 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 182.87 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 182.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 169.46 Td (Manufactured) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 160.46 Td (housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.65 157.87 Td (286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 157.87 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 157.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 157.87 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 157.87 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 157.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 157.87 Td (262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 157.87 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 157.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 157.87 Td (614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 157.87 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 157.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 157.87 Td (750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 157.87 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 157.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 132.66 Td (Mortgage warehouse) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 132.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 132.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 132.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 132.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 132.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 132.87 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 132.87 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 132.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 119.46 Td (Residual reserve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 118.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 118.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 118.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 118.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 118.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 118.77 Td (722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 118.77 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 118.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 104.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 104.77 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 104.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 104.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 104.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.10 104.77 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 104.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 104.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 104.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.10 104.77 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.10 104.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 104.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 104.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.10 104.77 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 104.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 104.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 104.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.10 104.77 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.10 104.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 104.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 86.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.30 Td (\(a\) Includes owner occupied commercial real estate loans for 2016, 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.30 Td (\(b\) Includes non-owner occupied commercial real estate loans for 2016, 2015 and 2014. For 2013 and 2012, includes owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.30 Td (occupied and non-owner occupied commercial real estate loans.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (ASSET) Tj ET Q q 0 0 0 rg BT 81.50 730.25 Td ( QUALITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (Customers divides its loan portfolio into two categories to analyze and understand loan activity and performance: loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 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 50.00 685.25 Td (that were put in place in 2009. Management believes this additional information provides a better understanding of the risk in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 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 50.00 661.25 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 50.00 649.25 Td (absorbed by the allowance for loan losses, nonaccretable dif) Tj ET Q q 0 0 0 rg BT 290.56 649.25 Td (ference fair value marks, and cash reserves, as described below) Tj ET Q q 0 0 0 rg BT 542.85 649.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 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 50.00 625.25 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 506.61 625.25 Td (This schedule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (includes both loans held for sale and loans held for investment.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 233.2 590.9169921875 m 378.717578125 590.9169921875 l s q 0 0 0 rg BT 233.20 592.25 Td (Asset Quality at December31, 2016) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 523.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 523.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 523.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 523.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 523.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 523.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 523.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 523.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 523.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 497.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 497.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 497.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 497.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 497.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 497.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 497.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 497.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 497.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 462.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 462.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 462.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 462.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 462.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 462.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 462.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 462.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 462.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 462.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 436.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 436.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 436.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 436.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 436.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 436.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 436.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 436.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 436.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 436.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 410.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 410.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 410.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 410.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 410.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 410.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 410.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 410.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 410.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 410.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 384.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 384.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 384.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 384.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 384.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 384.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 384.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 384.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 384.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 384.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 358.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 358.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 358.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 358.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 358.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 358.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 358.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 358.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 358.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 358.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 358.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 332.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 332.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 332.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 332.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 332.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 332.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 332.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 332.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 332.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 332.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 332.75 36.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 536.75 m 230.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 536.75 m 234.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 536.75 m 277.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 536.75 m 281.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 536.75 m 313.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 536.75 m 317.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 536.75 m 357.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 536.75 m 361.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 536.75 m 405.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 536.75 m 409.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 536.75 m 441.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 536.75 m 445.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 536.75 m 478.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 536.75 m 482.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 536.75 m 516.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 536.75 m 520.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 536.75 m 556.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 423.75 m 230.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 423.75 m 277.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 423.75 m 313.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 423.75 m 357.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 423.75 m 405.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 423.75 m 441.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 423.75 m 478.5 423.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 371.75 m 230.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 371.75 m 277.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 371.75 m 313.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 371.75 m 357.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 371.75 m 405.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 371.75 m 441.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 371.75 m 478.5 371.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 345.75 m 230.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 345.75 m 277.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 345.75 m 313.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 345.75 m 357.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 345.75 m 405.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 345.75 m 441.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 345.75 m 478.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 345.75 m 277.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 345.75 m 313.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 345.75 m 357.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 345.75 m 405.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 345.75 m 441.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 345.75 m 478.5 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 319.75 m 230.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 319.75 m 277.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 319.75 m 313.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 319.75 m 357.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 319.75 m 405.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 319.75 m 441.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 319.75 m 478.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 319.75 m 230.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 307.75 m 230.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 305.75 m 230.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 319.75 m 277.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 307.75 m 277.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 305.75 m 277.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 319.75 m 313.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 307.75 m 313.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 305.75 m 313.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 319.75 m 357.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 307.75 m 357.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 305.75 m 357.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 319.75 m 405.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 307.75 m 405.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 305.75 m 405.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 319.75 m 441.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 307.75 m 441.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 305.75 m 441.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 319.75 m 478.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 307.75 m 478.5 307.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 305.75 m 478.5 305.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 539.730078125 m 89.3828125 539.730078125 l s q 0 0 0 rg BT 53.00 540.98 Td (Loan Type) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.80 549.00 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.20 541.00 Td (Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 541.00 Td (Current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.65 549.00 Td (30-90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.75 541.00 Td (Days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 573.00 Td (Greater) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.10 565.00 Td (than 90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.75 557.00 Td (Days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.20 549.00 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.10 541.00 Td (Accruing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.75 557.00 Td (Non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 549.00 Td (accrual/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.15 541.00 Td (NPL) Tj ET Q q 0 0 0 rg BT 384.97 541.00 Td ( \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 549.00 Td (OREO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 541.00 Td (\(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.05 549.00 Td (NP) Tj ET Q q 0 0 0 rg BT 463.54 549.00 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.10 541.00 Td (\(a\)+\(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.55 573.00 Td (NPL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.85 565.00 Td (to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.75 557.00 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.05 549.00 Td (T) Tj ET Q q 0 0 0 rg BT 495.38 549.00 Td (ype) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 541.00 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.55 573.00 Td (NP) Tj ET Q q 0 0 0 rg BT 540.04 573.00 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.85 565.00 Td (to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.95 557.00 Td (Loans +) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.10 549.00 Td (OREO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.00 541.00 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 528.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 528.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 514.98 Td (Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 502.00 Td (Multi-Family) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 502.00 Td (3,211,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 502.00 Td (3,198,943) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 502.00 Td (12,573) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 502.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 502.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 489.00 Td (Commercial & Industrial \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 489.00 Td (1,271,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 489.00 Td (1,260,565) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 489.00 Td (487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 489.00 Td (10,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 489.00 Td (371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 489.00 Td (10,556) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 489.00 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 489.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 489.00 Td (0.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 489.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 475.00 Td (Commercial Real Estate Non-Owner) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 467.00 Td (Occupied) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 467.00 Td (1,158,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 467.00 Td (1,158,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 467.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 467.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 467.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 454.00 Td (Residential) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 454.00 Td (114,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 454.00 Td (112,969) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 454.00 Td (1,200) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 454.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.25 454.00 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 454.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 454.00 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 454.00 Td (0.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 454.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 454.00 Td (0.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 454.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 441.00 Td (Construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.25 441.00 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.25 441.00 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 441.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 441.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 441.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 428.00 Td (Other Consumer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.25 428.00 Td (190) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 428.00 Td (190) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 428.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 428.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 428.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 414.98 Td (Total Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 415.00 Td (5,820,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 415.00 Td (5,795,987) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 415.00 Td (14,260) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 415.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 415.00 Td (10,526) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 415.00 Td (371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 415.00 Td (10,897) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 415.00 Td (0.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 415.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 415.00 Td (0.19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 415.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 401.98 Td (Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 389.00 Td (Bank Acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 389.00 Td (167,946) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 389.00 Td (157,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 389.00 Td (3,262) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 389.00 Td (1,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 389.00 Td (5,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 389.00 Td (2,360) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 389.00 Td (7,390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 389.00 Td (3.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 389.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 389.00 Td (4.34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 389.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 376.00 Td (Loan Purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 376.00 Td (153,595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 376.00 Td (143,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 376.00 Td (3,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 376.00 Td (4,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 376.00 Td (2,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 376.00 Td (377) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 376.00 Td (2,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 376.00 Td (1.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 376.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 376.00 Td (1.70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 376.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 362.98 Td (Total Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 363.00 Td (321,541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 363.00 Td (301,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 363.00 Td (7,123) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 363.00 Td (5,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 363.00 Td (7,266) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 363.00 Td (2,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 363.00 Td (10,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 363.00 Td (2.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 363.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 363.00 Td (3.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 363.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 350.00 Td (Unearned Origination Fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.30 350.00 Td (76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.30 350.00 Td (76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 350.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 350.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 350.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 350.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 350.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 336.98 Td (Total Loans Receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 337.00 Td (6,142,390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 337.00 Td (6,097,511) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 337.00 Td (21,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 337.00 Td (5,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 337.00 Td (17,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 337.00 Td (3,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 337.00 Td (20,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 337.00 Td (0.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 337.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 337.00 Td (0.34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 337.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 323.98 Td (Total Loans Held for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 324.00 Td (2,117,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 324.00 Td (2,117,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 324.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 324.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 324.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 324.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 324.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 310.98 Td (Total Portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 311.00 Td (8,259,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 311.00 Td (8,215,021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 311.00 Td (21,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 311.00 Td (5,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 311.00 Td (17,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 311.00 Td (3,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 311.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 311.00 Td (20,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 311.00 Td (0.22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 311.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 311.00 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 311.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (\(1\) Commercial & industrial loans, including owner occupied commercial real estate. ) 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 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389.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 529.6 m 435.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 503.6 m 257.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 503.6 m 300.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 503.6 m 343.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 503.6 m 389.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 503.6 m 300.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 503.6 m 343.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 503.6 m 389.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 503.6 m 435.5 503.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 477.6 m 257.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 477.6 m 300.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 477.6 m 343.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 477.6 m 389.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 477.6 m 435.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 477.6 m 257.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 465.6 m 257.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 463.6 m 257.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 477.6 m 300.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 465.6 m 300.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 463.6 m 300.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 477.6 m 343.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 465.6 m 343.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 463.6 m 343.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 477.6 m 389.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 465.6 m 389.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 463.6 m 389.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 477.6 m 435.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 465.6 m 435.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 463.6 m 435.5 463.6 l s BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 688.78671875 m 87.171875 688.78671875 l s q 0 0 0 rg BT 53.00 689.85 Td (Loan Type) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.55 689.85 Td (TotalLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.05 689.85 Td (NPL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.85 689.85 Td (ALL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 697.85 Td (Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.10 689.85 Td (Reserve) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 705.85 Td (T) Tj ET Q q 0 0 0 rg BT 410.13 705.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.00 697.85 Td (Credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.55 689.85 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.05 705.85 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.60 697.85 Td (to Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.50 689.85 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.55 705.85 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.75 697.85 Td (to NPLs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.00 689.85 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 676.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 663.83 Td (Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 650.85 Td (Multi-Family) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.00 650.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 650.85 Td (3,211,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 650.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 650.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 650.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 650.85 Td (11,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.00 650.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 650.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 650.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 650.85 Td (11,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 650.85 Td (0.36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 650.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 650.85 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 637.85 Td (Commercial & Industrial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 637.85 Td (1,271,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 637.85 Td (10,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 637.85 Td (12,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 637.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 637.85 Td (12,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 637.85 Td (0.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 637.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 637.85 Td (123.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 637.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 624.85 Td (Commercial Real Estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 624.85 Td (1,158,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 624.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 624.85 Td (4,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 624.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 624.85 Td (4,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 624.85 Td (0.39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 624.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 624.85 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 611.85 Td (Residential) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 611.85 Td (114,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 611.85 Td (341) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 611.85 Td (2,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 611.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 611.85 Td (2,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 611.85 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 611.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 611.85 Td (665.69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 611.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 598.85 Td (Construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 598.85 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 598.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.25 598.85 Td (772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 598.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.25 598.85 Td (772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 598.85 Td (1.19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 598.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 598.85 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 585.85 Td (Other Consumer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.30 585.85 Td (190) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 585.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 585.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 585.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 585.85 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 585.85 Td (6.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 585.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 585.85 Td (n/a) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 572.83 Td (Total Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 572.85 Td (5,820,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 572.85 Td (10,526) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 572.85 Td (31,785) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 572.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 572.85 Td (31,785) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 572.85 Td (0.55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 572.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 572.85 Td (301.97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 572.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 559.83 Td (Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 546.85 Td (Bank Acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 546.85 Td (167,946) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 546.85 Td (5,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 546.85 Td (5,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 546.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 546.85 Td (5,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 546.85 Td (3.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 546.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 546.85 Td (104.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 546.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 533.85 Td (Loan Purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 533.85 Td (153,595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 533.85 Td (2,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.25 533.85 Td (286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.25 533.85 Td (993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 533.85 Td (1,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 533.85 Td (0.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 533.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 533.85 Td (57.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 533.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 520.83 Td (Total Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 520.85 Td (321,541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 520.85 Td (7,266) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 520.85 Td (5,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.25 520.85 Td (993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 520.85 Td (6,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 520.85 Td (2.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 520.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 520.85 Td (89.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 520.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 507.85 Td (Unearned Origination Fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 507.85 Td (76) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 494.83 Td (Total Loans Held for Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 494.85 Td (6,142,390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 494.85 Td (17,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 494.85 Td (37,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.25 494.85 Td (993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 494.85 Td (38,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 494.85 Td (0.62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 494.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 494.85 Td (215.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 494.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 481.83 Td (Total Loans Held for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 481.85 Td (2,117,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 481.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 481.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 481.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 481.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 468.83 Td (Total Portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.00 468.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 468.85 Td (8,259,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 468.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 468.85 Td (17,792) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 468.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 468.85 Td (37,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.00 468.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.25 468.85 Td (993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 468.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 468.85 Td (38,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 468.85 Td (0.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 468.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 468.85 Td (215.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 468.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (Originated Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (Post 2009 originated loans \(excluding held-for) Tj ET Q q 0 0 0 rg BT 236.15 417.10 Td (-sale loans\) totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.18 417.10 Td ($5.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.29 417.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.12 417.10 Td (70.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.95 417.10 Td (, of total loans at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.38 417.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.97 417.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (compared to $5.0 billion, or 69.0%, at December31, 2015. ) Tj ET Q q 0 0 0 rg BT 288.10 405.10 Td (The new management team adopted new underwriting standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (that management believes better limits risks of loss. Only $10.5 million, or 0.18%, of the post 2009 loans were non-performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (at December 31, 2016. Only $3.6 million, or 0.07%, of the post 2009 loans were non-performing at December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 533.04 381.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (post 2009 originated loans were supported by an allowance for loan losses of $31.8 million \(0.55% of post 2009 originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (loans\) and $27.7 million \(0.55% of post 2009 originated loans\) at December 31, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 484.81 357.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.77 339.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 103.62 339.10 Td (ed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (At December 31, 2016, Customers reported $0.3 billion of acquired loans, which was 3.9% of total loans, compared to $0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (billion, or 6.2%, of total loans at December31, 2015.Non-performing acquired loans totaled $7.3 million at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (2016 and $7.2 million at December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 233.95 297.10 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 50.00 285.10 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 50.00 273.10 Td (housing loans purchased from ) Tj ET Q q 0 0 0 rg BT 172.57 273.10 Td (T) Tj ET Q q 0 0 0 rg BT 177.98 273.10 Td (ammac prior to 2012, $57.6 million were supported by a $1.0 million cash reserve at December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (31, 2016, compared to $63.4 million supported by a cash reserve of $1.2 million at December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 469.45 261.10 Td (The cash reserve was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 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 532.36 249.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 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 50.00 225.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 225.10 Td (ammac has an obligation to pay Customers the full payof) Tj ET Q q 0 0 0 rg BT 283.79 225.10 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 50.00 213.10 Td (interest, or advances on the loans, once the borrower vacates the property) Tj ET Q q 0 0 0 rg BT 342.85 213.10 Td (. ) Tj ET Q q 0 0 0 rg BT 347.29 213.10 Td (At December 31, 2016, $36.6million of these loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (were outstanding, compared to $41.9 million at December 31, 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (Many of the acquired loans were purchased at a discount. ) Tj ET Q q 0 0 0 rg BT 282.24 177.10 Td (The price paid considered management) Tj ET Q q 0 0 0 rg BT 442.17 177.10 Td (s judgment as to the credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (and interest rate risk inherent in the portfolio at the time of purchase. Every quarter) Tj ET Q q 0 0 0 rg BT 381.98 165.10 Td (, management reassesses the risk and adjusts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (the cash flow forecast to incorporate changes in the credit outlook. Generally) Tj ET Q q 0 0 0 rg BT 357.57 153.10 Td (, a decrease in forecasted cash flows for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (purchased loan will result in a provision for loan losses, and absent char) Tj ET Q q 0 0 0 rg BT 337.80 141.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 358.72 141.10 Td (fs, an increase in the allowance for loan losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (Acquired loans have a significantly higher percentage of non-performing loans than loans originated after September 2009. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (Management acquired these loans with the expectation that non-performing loan levels would be elevated, and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (incorporated that expectation into the price paid. ) Tj ET Q q 0 0 0 rg BT 246.41 105.10 Td (There is a Special ) Tj ET Q q 0 0 0 rg BT 319.72 105.10 Td (Assets Group that focuses on workouts for these acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (non-performing assets. ) Tj ET Q q 0 0 0 rg BT 146.46 93.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.88 93.10 Td (otal acquired loans were supported by reserves \(allowance for loan losses and cash reserves\) of $6.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (million \(2.03% of total acquired loans\) and $9.1 million \(2.03% of total acquired loans\), respectively) Tj ET Q q 0 0 0 rg BT 453.13 81.10 Td (, at December 31, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (and 2015. ) Tj ET Q 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 /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, 2016, loans held for sale were $2.1 billion, or 25.6%, of the total loan portfolio, compared to $1.8 billion, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (24.8% of the total loan portfolio at December 31, 2015. ) 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, 2016 included $2.1 ) 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 and $0.7 million of residential mortgage loans, compared to $1.8 billion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (loans to mortgage banking businesses, $39.3 million of multi-family loans and $2.9 million of residential mortgages loans at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (December 31, 2015. Held-for) Tj ET Q q 0 0 0 rg BT 167.81 676.10 Td (-sale loans are carried on our balance sheet at either fair value \(due to the election of the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (option\) or the lower of cost of fair value. ) Tj ET Q q 0 0 0 rg BT 217.45 664.10 Td (An allowance for loan losses is not recorded on loans that are held for sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 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 50.00 616.10 Td (procedures designed to foster sound credit standards and monitoring practices.) Tj ET Q q 0 0 0 rg BT 366.12 616.10 Td (While various degrees of credit risk are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 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 520.15 604.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (December 31, 2016 and 2015, non-performing loans to total loans were 0.22% and 0.15%, respectively) Tj ET Q q 0 0 0 rg BT 462.29 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.61 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 475.02 592.10 Td (otal reserves to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (performing loans were 215.3% and 341.7%, respectively) Tj ET Q q 0 0 0 rg BT 276.78 580.10 Td (, at December 31, 2016 and 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 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 50.00 529.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 495.20 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 495.20 341.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.20 171.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 455.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 455.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 455.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 455.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 455.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 455.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 455.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 455.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 455.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.20 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 432.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 432.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 432.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 432.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 432.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 432.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 432.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 432.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 432.20 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 221.5 507.2 m 286.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 507.2 m 290.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 507.2 m 355.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 507.2 m 359.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 507.2 m 424.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 507.2 m 428.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 507.2 m 493.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 507.2 m 497.5 507.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 507.2 m 562.5 507.2 l s 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 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 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 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 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 221.5 456.2 m 286.5 456.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 454.2 m 286.5 454.2 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 290.5 454.2 m 355.5 454.2 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 359.5 454.2 m 424.5 454.2 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 428.5 454.2 m 493.5 454.2 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 497.5 454.2 m 562.5 454.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 418.2 m 286.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 418.2 m 355.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 418.2 m 424.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 418.2 m 493.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 418.2 m 562.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 418.2 m 286.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 405.2 m 286.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 403.2 m 286.5 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 418.2 m 355.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 405.2 m 355.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 403.2 m 355.5 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 418.2 m 424.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 405.2 m 424.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 403.2 m 424.5 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 418.2 m 493.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 405.2 m 493.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 403.2 m 493.5 403.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 418.2 m 562.5 418.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 405.2 m 562.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 403.2 m 562.5 403.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.05 511.15 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 499.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.50 499.15 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 499.15 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 499.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 499.15 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 499.15 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 483.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 469.77 Td (Loans 90+ days delinquent still) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 459.77 Td (accruing \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 459.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 459.87 Td (2,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 459.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 459.87 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 459.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 459.87 Td (4,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 459.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 459.87 Td (3,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 459.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 459.87 Td (1,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 436.77 Td (Non-accrual loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 436.77 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 436.77 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 436.77 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 436.77 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 436.77 Td (32,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 422.77 Td (OREO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 422.77 Td (3,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 422.77 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 422.77 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 422.77 Td (12,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 422.77 Td (8,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 408.77 Td (Total non-performing assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 408.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 408.77 Td (20,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 408.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 408.77 Td (15,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 408.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 408.77 Td (27,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 408.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 408.77 Td (31,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 408.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 408.77 Td (40,965) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 392.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 392.70 Td (Excludes purchased-credit-impaired loans. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 329.80 221.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 329.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 329.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 329.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 329.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 329.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 329.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 329.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 329.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 329.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 279.80 221.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 279.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 279.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 279.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 279.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 279.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 279.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 279.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 279.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 279.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.80 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 229.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 229.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 229.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 229.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 229.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 229.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 229.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 229.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 229.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.80 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 199.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 199.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 199.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 199.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 199.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 199.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 199.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 199.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 199.80 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 271.5 342.79999999999995 m 326.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 342.79999999999995 m 330.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 342.79999999999995 m 385.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 342.79999999999995 m 389.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 342.79999999999995 m 444.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 342.79999999999995 m 448.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 342.79999999999995 m 503.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 342.79999999999995 m 507.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 342.79999999999995 m 562.5 342.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 329.79999999999995 m 326.5 329.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 329.79999999999995 m 385.5 329.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 329.79999999999995 m 444.5 329.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 329.79999999999995 m 503.5 329.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 329.79999999999995 m 562.5 329.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 347.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.05 347.05 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 334.05 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.50 334.05 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.50 334.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 334.05 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.50 334.05 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 320.37 Td (Non-accrual loans to total loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 309.47 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 309.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 309.47 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 309.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 309.47 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 309.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 309.47 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 309.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 309.47 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 309.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 295.37 Td (Non-accrual loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 284.47 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 284.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 284.47 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 284.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 284.47 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 284.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 284.47 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 284.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 284.47 Td (1.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 284.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.37 Td (Non-performing assets to total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 259.47 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 259.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 259.47 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 259.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 259.47 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 259.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 259.47 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 259.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 259.47 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 259.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.37 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 53.00 235.37 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 234.47 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 234.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 234.47 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 234.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 234.47 Td (0.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 234.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 234.47 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 234.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 234.47 Td (1.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 234.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 220.37 Td (Allowance for loan losses to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 205.37 Td (Total loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 204.47 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 204.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 204.47 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 204.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 204.47 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 204.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 204.47 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 204.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 204.47 Td (1.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 204.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 190.37 Td (Non-accrual loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 189.47 Td (209.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 189.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 189.47 Td (330.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 189.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 189.47 Td (263.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 189.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 189.47 Td (125.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 189.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 189.47 Td (78.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 189.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET 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 /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 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.92 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.51 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.51 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.51 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.51 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.51 742.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.51 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.94 742.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.94 742.10 Td (.) 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 /F1 8.00 Tf ET q 0 0 0 rg BT 245.50 711.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 711.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 711.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 711.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 711.55 Td (2012) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 686.17 Td (8,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 686.17 Td (1,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 686.17 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 686.17 Td (125) 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 543.65 686.17 Td (388) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 672.17 Td (2,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 672.17 Td (2,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 672.17 Td (2,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 672.17 Td (11,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 672.17 Td (21,482) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 647.27 Td (2,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 647.27 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 647.27 Td (1,460) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 632.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 632.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 632.27 Td (2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 632.27 Td (5,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 632.27 Td (7,667) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 618.17 Td (2,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 618.17 Td (2,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 618.17 Td (1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 618.17 Td (1,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 618.17 Td (3,027) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 604.17 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 604.17 Td (2,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 604.17 Td (931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 604.17 Td (459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 604.17 Td (231) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 590.17 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 590.17 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 590.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 590.17 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 590.17 Td (56) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 576.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 576.17 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 576.17 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 576.17 Td (19,163) 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 (32,851) 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 2016, 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 2016, 2015 and 2014. For 2013 and 2012, 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 (regularly thereafter) Tj ET Q q 0 0 0 rg BT 126.34 281.70 Td (. Pass ratings, which are assigned to those borrowers who do not have an identified potential or well-defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.70 Td (weaknesses and for which there is a high likelihood of orderly repayment, are updated periodically based on the size and credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.70 Td (characteristics of the borrower) Tj ET Q q 0 0 0 rg BT 171.33 257.70 Td (. ) Tj ET Q q 0 0 0 rg BT 175.78 257.70 Td (All other categories are updated on a quarterly basis during the month preceding the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.70 Td (calendar quarter) Tj ET Q q 0 0 0 rg BT 114.13 245.70 Td (.) Tj ET Q q 0 0 0 rg BT 118.95 245.70 Td (While assigning risk ratings involves judgment, the risk rating process allows management to identify riskier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.70 Td (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, 2016 and 2015, special mention loans were $56.9 million and $24.5 ) 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 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 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 ( 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 50.00 730.10 Td (loans identified as problem credits by management.) Tj ET Q q 0 0 0 rg BT 258.65 730.10 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 50.00 718.10 Td (solution, and to assist in determining an appropriate specific allowance for possible losses.) Tj ET Q q 0 0 0 rg BT 414.09 718.10 Td (All loan work-out situations involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the active participation of management and are reported regularly to the Board. ) Tj ET Q q 0 0 0 rg BT 368.85 706.10 Td (When a loan becomes delinquent 90 days or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (more, or earlier if considered appropriate, the loan is assigned to Customers) Tj ET Q q 0 0 0 rg BT 355.55 694.10 Td ( Special ) Tj ET Q q 0 0 0 rg BT 389.43 694.10 Td (Asset Group \(SAG\) for workout or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Loan char) Tj ET Q q 0 0 0 rg BT 90.07 658.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 110.99 658.10 Td (fs are determined on a case-by-case basis.Loans are generally char) Tj ET Q q 0 0 0 rg BT 379.29 658.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 404.38 658.10 Td (f when principal is likely to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (unrecoverable and after appropriate collection steps have been taken. Loan char) Tj ET Q q 0 0 0 rg BT 368.83 646.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 389.75 646.10 Td (fs are proposed by the SAG and approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (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 (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 50.00 598.10 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 50.00 586.10 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 50.00 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 556.10 Td (r) Tj ET Q q 0 0 0 rg BT 58.53 556.10 Td (oubled Debt Restructurings \(TDRs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 538.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 538.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.08 538.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 538.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.52 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.52 538.10 Td ( there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.44 538.10 Td ($16.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.33 538.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.33 538.10 Td ($1) Tj ET Q q 0 0 0 rg BT 320.96 538.10 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.85 538.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.85 538.10 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.74 538.10 Td ( respectively) Tj ET Q q 0 0 0 rg BT 468.90 538.10 Td (, in loans categorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (as troubled debt restructurings \(TDRs\). ) Tj ET Q q 0 0 0 rg BT 218.11 526.10 Td (TDRs are reported as impaired loans in the calendar year of their restructuring and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (are evaluated to determine whether they should be placed on non-accrual status. In subsequent years, a ) Tj ET Q q 0 0 0 rg BT 463.00 514.10 Td (TDR may be returned to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (accrual status if the borrower satisfies a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.16 502.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.83 502.10 Td (-month performance requirement; however) Tj ET Q q 0 0 0 rg BT 435.86 502.10 Td (, it will remain classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (impaired. Generally) Tj ET Q q 0 0 0 rg BT 129.32 490.10 Td (, the Bank requires sustained performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.25 490.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.41 490.10 Td ( before returning a ) Tj ET Q q 0 0 0 rg BT 439.86 490.10 Td (TDR to accrual status.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 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 50.00 454.10 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 50.00 442.10 Td (would otherwise be considered a ) Tj ET Q q 0 0 0 rg BT 183.39 442.10 Td (TDR. ) Tj ET Q q 0 0 0 rg BT 207.84 442.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 257.17 442.10 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 50.00 430.10 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 476.64 430.10 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 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 50.00 394.10 Td (modifications. Other modifications typically reflect other nonstandard terms which Customers would not of) Tj ET Q q 0 0 0 rg BT 480.56 394.10 Td (fer in non-troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (situations. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.86 382.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.44 382.10 Td (, 2015 and 2014, loans aggregating $6.7 million, $7.5 million and $1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (million, respectively) Tj ET Q q 0 0 0 rg BT 131.55 370.10 Td (, were modified in troubled debt restructurings. ) Tj ET Q q 0 0 0 rg BT 325.21 370.10 Td (TDR modifications of loans within the commercial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (industrial category were primarily interest rate concessions, deferrals of principal and other modifications; modifications of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (commercial real estate loans were primarily deferrals of principal, extensions of term and other modifications; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (modifications of residential real estate loans were primarily interest rate concessions and deferrals of principal. ) Tj ET Q q 0 0 0 rg BT 495.39 334.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (December31, 2016, 2015 and 2014, there were no commitments to lend additional funds to debtors whose terms have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (modified in troubled debt structuring.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 286.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 286.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.03 286.10 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 286.10 Td ( manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.82 286.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.71 286.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.71 286.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 286.10 Td ( commercial real estate non-owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (occupied loan totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.36 274.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.25 274.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.19 274.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.63 274.10 Td ( residential real estate loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.58 274.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.47 274.10 Td ( that were modified in troubled debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (restructurings within the past twelve months, defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 327.45 262.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.89 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.47 262.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.47 262.10 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.57 262.10 Td ( manufactured housing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.66 250.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.55 250.10 Td (, were modified in troubled debt restructurings within the past twelve months, defaulted on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 95.27 238.10 Td (As of December 31, 2014 there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.21 238.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.21 238.10 Td ( loans modified as troubled debt restructurings within the past twelve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (months, defaulted on payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Loans modified in troubled debt restructurings are evaluated for impairment. ) Tj ET Q q 0 0 0 rg BT 359.44 202.10 Td (The nature and extent of impairment of ) Tj ET Q q 0 0 0 rg BT 518.93 202.10 Td (TDRs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (including those which have experienced a subsequent default, is considered in the determination of an appropriate level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (allowance for credit losses. ) Tj ET Q q 0 0 0 rg BT 163.67 178.10 Td (There were no specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 363.68 178.10 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.28 178.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.28 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 497.10 178.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.99 166.10 Td ( specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 212.26 166.10 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.85 166.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.85 166.10 Td (, totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.91 166.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.80 166.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.46 166.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.46 166.10 Td ( commercial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (industrial loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.32 154.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.21 154.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.87 154.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.31 154.10 Td ( commercial real estate non-owner occupied loan. ) Tj ET Q q 0 0 0 rg BT 414.71 154.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.45 154.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.45 154.10 Td ( specific allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (resulting from ) Tj ET Q q 0 0 0 rg BT 109.25 142.10 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.85 142.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.85 142.10 Td (. ) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 151.50 742.25 Td (FDIC LOSS SHARING RECEIV) Tj ET Q q 0 0 0 rg BT 293.30 742.25 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 322.48 742.25 Td (AND CLA) Tj ET Q q 0 0 0 rg BT 366.65 742.25 Td (WBACK LIABILITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (On July 1) Tj ET Q q 0 0 0 rg BT 88.52 724.25 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (sharing agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.68 712.25 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.57 712.25 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (final payment under these agreements. ) Tj ET Q q 0 0 0 rg BT 208.93 700.25 Td (The negotiated settlement amount was based on net losses incurred on the covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (assets through September 30, 2015, adjusted for cash payments to and receipts from the FDIC as part of the December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (and March 31, 2016 certifications. Consequently) Tj ET Q q 0 0 0 rg BT 247.08 676.25 Td (, loans and other real estate owned previously reported as covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (pursuant to the loss sharing agreements were no longer presented as covered assets as of June 30, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (As part of the FDIC loss sharing arrangements, Customers 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 50.00 634.25 Td (maturity or termination of the loss sharing arrangements that was 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 50.00 622.25 Td (arrangements 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 50.00 610.25 Td (received on the covered assets in excess of the original cash to be received expectations of the FDIC, the Bank anticipated that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (it would be required to pay the FDIC at the end of its loss sharing arrangements. ) Tj ET Q q 0 0 0 rg BT 375.49 598.25 Td (As of December31, 2015, a clawback liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (of $2.3 million was recorded. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (As of December31, 2015, the Bank expected to collect $0.2 million from the FDIC for estimated losses and reimbursement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 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 50.00 538.25 Td (in 2020 at $2.3 million. ) Tj ET Q q 0 0 0 rg BT 146.21 538.25 Td (The net amount of $2.1 million was 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 50.00 526.25 Td (accompanying consolidated balance sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.85 490.25 Td (ACCRUED INTEREST) Tj ET Q q 0 0 0 rg BT 323.75 490.25 Td ( RECEIV) Tj ET Q q 0 0 0 rg BT 363.85 490.25 Td (ABLE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Accrued interest receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 466.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.63 466.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.63 466.25 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.53 466.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 466.25 Td (18.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.19 466.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.46 466.25 Td ($23.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.36 466.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.57 466.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.16 466.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.59 466.25 Td ($19.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.49 466.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 454.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.68 454.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.44 454.25 Td ( was primarily associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.29 454.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.04 454.25 Td ( in total loans of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.53 454.25 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 454.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.42 454.25 Td ($8.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.54 454.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 442.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.02 442.25 Td ($7.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.14 442.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 442.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.94 442.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.90 406.25 Td (PREMISES ) Tj ET Q q 0 0 0 rg BT 238.97 406.25 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 324.63 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.57 406.25 Td (AND OTHER ) Tj ET Q q 0 0 0 rg BT 388.81 406.25 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Our premises and equipment, net of accumulated depreciation, totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.95 382.25 Td ($12.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.85 382.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.28 382.25 Td ($1) Tj ET Q q 0 0 0 rg BT 415.91 382.25 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.80 382.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.02 382.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.61 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 370.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 370.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 139.60 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 144.42 370.25 Td (T) Tj ET Q q 0 0 0 rg BT 149.83 370.25 Td (echnology equipment contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.74 370.25 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.63 370.25 Td ( due to the increase of additional technology) Tj ET Q q 0 0 0 rg BT 512.42 370.25 Td (, facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (and 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 439.88 358.25 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.77 358.25 Td ( to the increase. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 334.25 Td (s restricted stock holdings at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.53 334.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 334.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.55 334.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 334.25 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.98 334.25 Td ($68.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.88 334.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.31 334.25 Td ($90.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.21 334.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 322.25 Td (.) Tj ET Q q 0 0 0 rg BT 102.48 322.25 Td (These consist of stock of the Federal Reserve Bank, Federal Home Loan Bank and ) Tj ET Q q 0 0 0 rg BT 434.89 322.25 Td (Atlantic Central Bankers Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 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 50.00 286.25 Td (Other assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.82 286.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.40 286.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.84 286.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.84 286.25 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.27 286.25 Td ($70.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.16 286.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 286.25 Td ($68.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.49 286.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 433.15 286.25 Td (, consisting primarily of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (deferred taxes, prepaid expenses, cash pledged for collateral, and mark to market adjustment for interest rate swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (BOLI cash surrender value increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.27 250.25 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.16 250.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.44 250.25 Td ($161.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.33 250.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.54 250.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.13 250.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.57 250.25 Td ($157.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.46 250.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 238.25 Td (. BOLI is used by the Bank as tax-free funding for employee benefits. Covered in BOLI on the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (sheet is the cash surrender value of the Supplemental Executive Retirement Plan \(SERP\) balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.14 226.25 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.03 226.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.47 226.25 Td ($2.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 214.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 214.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 214.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.13 214.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.13 214.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 261.79 214.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.80 178.25 Td (ASSETS HELD FOR SALE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Assets held for sale related to the planned disposition of BankMobile were $79.3 million and $2.1 million at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.48 154.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 142.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 142.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 142.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 142.25 Td (. ) Tj ET Q q 0 0 0 rg BT 166.92 142.25 Td (The increase of $77.2 million was primarily a result of the acquisition of the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (business in June 2016. For more information on assets designated as held for sale, refer to NOTE 3 - DISCONTINUED ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 81.67 118.25 Td (TIONS.) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 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 (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.25 742.25 Td (DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The Bank of) Tj ET Q q 0 0 0 rg BT 99.80 718.25 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 50.00 706.25 Td (time deposits.Deposits are obtained primarily from our geographic service area.) Tj ET Q q 0 0 0 rg BT 373.88 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 379.29 706.25 Td (otal deposits grew to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.83 706.25 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.94 706.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 694.25 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.61 694.25 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.72 694.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.55 694.25 Td (20.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.38 694.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.32 694.25 Td ($5.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.43 694.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 694.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.23 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 448.05 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 453.81 694.25 Td (ransaction deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 682.25 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.87 682.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.70 682.25 Td (21.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.53 682.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 682.25 Td ($4.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.92 682.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.14 682.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.72 682.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.16 682.25 Td ($3.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.27 682.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.49 682.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.07 682.25 Td (, with non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (interest bearing deposits increasing by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.79 670.25 Td ($104 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.18 670.25 Td (. Certificate of deposit accounts increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.84 670.25 Td ($0.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 670.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.78 670.25 Td (20.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.61 670.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.89 670.25 Td ($2.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 658.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 658.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 658.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.35 658.25 Td ($2.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.47 658.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.68 658.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.27 658.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (The components of deposits were as follows at the dates indicated:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 587.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 587.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 587.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 559.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 559.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 559.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 559.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 559.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 531.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 531.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 531.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 531.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 531.75 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 359.5 611.75 m 424.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 611.75 m 428.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 611.75 m 493.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 611.75 m 497.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 611.75 m 562.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 599.75 m 424.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 599.75 m 493.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 599.75 m 562.5 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 517.75 m 424.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 517.75 m 493.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 517.75 m 562.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 504.75 m 424.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 502.75 m 424.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 504.75 m 493.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 502.75 m 493.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 504.75 m 562.5 504.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 502.75 m 562.5 502.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 615.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.05 615.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 603.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 603.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 603.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 603.70 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 591.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.32 Td (Demand, non-interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 578.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 578.32 Td (512,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 578.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 578.32 Td (408,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 578.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 578.32 Td (310,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 564.32 Td (Demand, interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 564.32 Td (339,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 564.32 Td (127,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 564.32 Td (71,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.32 Td (Savings, including MMDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 550.32 Td (3,163,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 550.32 Td (2,778,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 550.32 Td (2,203,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.32 Td (Time, $100,000 and over) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 536.32 Td (2,106,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 536.32 Td (1,624,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 536.32 Td (1,043,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.32 Td (Time, other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 522.32 Td (724,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 522.32 Td (723,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 522.32 Td (668,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.32 Td (Total deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 508.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 508.32 Td (6,846,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 508.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 508.32 Td (5,662,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 508.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 508.32 Td (4,296,241) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.25 Td (Non-interest bearing demand deposits totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.12 480.25 Td ($0.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.23 480.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.45 480.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.03 480.25 Td (, up from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.47 480.25 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.58 480.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 480.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.38 480.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.25 Td (Excluded from the above deposits were non-interest bearing demand deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.52 456.25 Td ($453.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.41 456.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.85 456.25 Td ($244.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.74 456.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 444.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 444.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 444.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 444.25 Td (, and savings accounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.44 444.25 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.33 444.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.77 444.25 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.66 444.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.88 444.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.46 444.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 432.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 432.25 Td (. ) Tj ET Q q 0 0 0 rg BT 127.48 432.25 Td (These deposits were classified as liabilities held for sale on the consolidated balance sheet. No time deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.25 Td (were listed as held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 396.25 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 50.50 328.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 328.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 328.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 300.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 300.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 272.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 272.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 272.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 272.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 272.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 272.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 272.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 272.75 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 206.5 361.75 m 262.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 361.75 m 266.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 361.75 m 322.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 361.75 m 382.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 361.75 m 386.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 361.75 m 442.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 361.75 m 502.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 361.75 m 506.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 361.75 m 562.5 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 340.75 m 262.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 340.75 m 322.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 340.75 m 382.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 340.75 m 442.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 340.75 m 502.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 340.75 m 562.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 272.75 m 262.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 272.75 m 382.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 272.75 m 502.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 259.75 m 262.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 257.75 m 262.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 259.75 m 382.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 257.75 m 382.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 259.75 m 502.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 257.75 m 502.5 257.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 377.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.75 377.70 Td (For the Years ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 365.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 365.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 365.70 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 345.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.75 353.00 Td (A) Tj ET Q q 0 0 0 rg BT 225.93 353.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.10 345.00 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.75 353.00 Td (A) Tj ET Q q 0 0 0 rg BT 285.93 353.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.55 345.00 Td (RatePaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 353.00 Td (A) Tj ET Q q 0 0 0 rg BT 345.93 353.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.10 345.00 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.75 353.00 Td (A) Tj ET Q q 0 0 0 rg BT 405.93 353.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.55 345.00 Td (RatePaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.75 353.00 Td (A) Tj ET Q q 0 0 0 rg BT 465.93 353.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 345.00 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.75 353.00 Td (A) Tj ET Q q 0 0 0 rg BT 525.93 353.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.55 345.00 Td (RatePaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 332.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.32 Td (Demand deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 319.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.15 319.32 Td (496,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 319.32 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 319.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 319.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 319.32 Td (379,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 319.32 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 319.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 319.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 319.32 Td (288,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 319.32 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 319.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 305.32 Td (Interest-bearing demand deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.15 305.32 Td (190,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 305.32 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 305.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 305.32 Td (123,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 305.32 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 305.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 305.32 Td (62,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 305.32 Td (0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 305.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.32 Td (Savings, including MMDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 291.32 Td (3,121,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 291.32 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 291.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 291.32 Td (2,448,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 291.32 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 291.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 291.32 Td (1,753,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 291.32 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 291.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.32 Td (Time deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 277.32 Td (2,633,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 277.32 Td (1.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 277.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 277.32 Td (2,087,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 277.32 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 277.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 277.32 Td (1,403,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 277.32 Td (0.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 277.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 263.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 263.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 263.32 Td (6,441,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 263.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 263.32 Td (5,038,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 263.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 263.32 Td (3,508,870) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 235.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 235.25 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 50.50 191.75 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 191.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.75 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 163.75 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 135.75 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 135.75 100.00 -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 462.5 203.75 m 562.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 135.75 m 562.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 122.75 m 562.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 120.75 m 562.5 120.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.55 208.00 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 195.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.32 Td (3 months or less) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 182.32 Td (371,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.32 Td (Over 3 through 6 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 168.32 Td (682,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.32 Td (Over 6 through 12 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 154.32 Td (643,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.32 Td (Over 12 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 140.32 Td (409,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 126.32 Td (2,106,905) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 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 (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.80 742.25 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 227.97 742.25 Td (ADV) Tj ET Q q 0 0 0 rg BT 248.35 742.25 Td (ANCES and OTHER BORROWINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 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 532.19 718.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 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 50.00 676.25 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Short-term debt was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 599.75 138.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 599.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 599.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 599.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 599.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 599.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 599.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 599.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.75 138.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 571.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 571.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 571.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 571.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 571.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 571.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 571.75 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 188.5 635.75 m 247.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 635.75 m 251.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 635.75 m 310.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 635.75 m 314.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 635.75 m 373.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 635.75 m 377.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 635.75 m 436.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 635.75 m 440.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 635.75 m 499.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 635.75 m 503.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 635.75 m 562.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 623.75 m 247.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 623.75 m 251.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 623.75 m 310.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 623.75 m 373.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 623.75 m 377.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 623.75 m 436.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 623.75 m 499.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 623.75 m 503.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 623.75 m 562.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 611.75 m 247.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 611.75 m 310.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 611.75 m 373.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 611.75 m 436.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 611.75 m 499.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 611.75 m 562.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 571.75 m 373.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 571.75 m 499.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 571.75 m 247.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 558.75 m 247.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 556.75 m 247.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 558.75 m 373.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 556.75 m 373.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 558.75 m 499.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 556.75 m 499.5 556.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 639.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.55 639.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 627.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 627.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 627.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 627.70 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 615.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.35 615.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.15 615.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.35 615.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.15 615.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.35 615.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.15 615.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 603.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 590.32 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.15 590.32 Td (688,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 590.32 Td (0.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 590.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 590.32 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 590.32 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 590.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 590.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.60 590.32 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 590.32 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 590.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.32 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 576.32 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 576.32 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 576.32 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 576.32 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 576.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 576.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 576.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 562.32 Td (Total short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.15 562.32 Td (771,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 562.32 Td (1,435,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 562.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.60 562.32 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.25 Td (For additional information on the Company) Tj ET Q q 0 0 0 rg BT 227.48 534.25 Td (s short-term debt, refer to NOTE12 BORROWINGS.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 504.25 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.25 Td (The contractual maturities of fixed-rate long-term FHLB advances are as noted below) Tj ET Q q 0 0 0 rg BT 392.83 486.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 427.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 427.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 427.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 427.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 427.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 427.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 427.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 399.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 399.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 399.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 399.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 399.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 399.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 399.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 399.75 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 290.5 463.75 m 355.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 463.75 m 359.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 463.75 m 424.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 463.75 m 428.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 463.75 m 493.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 463.75 m 497.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 463.75 m 562.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 451.75 m 355.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 451.75 m 359.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 451.75 m 424.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 451.75 m 493.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 451.75 m 497.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 451.75 m 562.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 439.75 m 355.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 439.75 m 424.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 439.75 m 493.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 439.75 m 562.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 399.75 m 355.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 386.75 m 355.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 384.75 m 355.5 384.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 399.75 m 493.5 399.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 386.75 m 493.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 384.75 m 493.5 384.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 467.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.55 467.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 455.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.00 455.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 455.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 443.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.35 443.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.15 443.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.35 443.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.15 443.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 431.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 418.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 418.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 418.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 418.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 418.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 418.32 Td (205,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 418.32 Td (1.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 418.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 404.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 404.32 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 404.32 Td (1.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 404.32 Td (55,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 404.32 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 390.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 390.32 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 390.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 390.32 Td (260,000) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 356.25 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 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 455.46 338.25 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.35 338.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.68 338.25 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.51 338.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 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 391.56 326.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.38 326.25 Td (The notes are unsecured obligations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 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 50.00 296.25 Td (In July and ) Tj ET Q q 0 0 0 rg BT 96.39 296.25 Td (August 2013, the Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.37 296.25 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.26 296.25 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 50.00 278.25 Td (The notes bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.01 278.25 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.84 278.25 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 50.00 248.25 Td (Subor) Tj ET Q q 0 0 0 rg BT 73.52 248.25 Td (dinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 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 422.42 230.25 Td ($1) Tj ET Q q 0 0 0 rg BT 432.05 230.25 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.94 230.25 Td ( of fixed-to-floating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (rate subordinated notes due 2029. ) Tj ET Q q 0 0 0 rg BT 187.01 218.25 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 436.63 218.25 Td (6.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.46 218.25 Td ( until June 26, 2024, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (and interest is paid semiannually) Tj ET Q q 0 0 0 rg BT 180.43 206.25 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 50.00 194.25 Td (month LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.73 194.25 Td (344.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.23 194.25 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 50.00 182.25 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 276.60 182.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.93 182.25 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 50.00 170.25 Td (2024.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (The subordinated notes qualify as ) Tj ET Q q 0 0 0 rg BT 187.29 152.25 Td (T) Tj ET Q q 0 0 0 rg BT 193.04 152.25 Td (ier 2 capital for regulatory capital purposes.) Tj ET Q endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 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 (88) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.60 742.25 Td (LIABILITIES HELD FOR SALE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Liabilities held for sale related to the planned disposition of BankMobile were $484.8 million and $247.1 million at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 706.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 706.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 706.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 706.25 Td (. ) Tj ET Q q 0 0 0 rg BT 225.50 706.25 Td (The increase of $237.7 million was primarily a result of an increase in non-interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (bearing demand deposits of $208.6 million related to the acquisition of the Disbursement business and the election of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (depositors of another bank electing to move their deposit accounts to Customers Bank and a $27.9 million increase in accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (expenses and other liabilities related to the acquisition of the Disbursement business. For more information on liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (designated as held for sale, refer to NOTE 3 - DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 343.27 658.25 Td (TIONS.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.20 622.25 Td (SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 328.14 622.25 Td ( EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 104.79 598.25 Td ( equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.79 598.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.54 598.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.54 598.25 Td ($302.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.44 598.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.21 598.25 Td ($855.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.11 598.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.32 598.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.91 598.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.84 598.25 Td ($553.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.74 598.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 586.25 Td (The increase in equity was primarily the result of net income from continuing operations for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.68 586.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.68 586.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.01 586.25 Td ($87.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 574.25 Td (, the issuance of 6,700,000 shares of preferred stock, and the issuance of 2,641,677 shares of common stock. ) Tj ET Q q 0 0 0 rg BT 517.49 574.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (preferred stock issuances and common stock issuances resulted in increases to shareholders' equity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.84 562.25 Td ($161.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.74 562.25 Td ( and $64.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (million, respectively) Tj ET Q q 0 0 0 rg BT 131.55 550.25 Td (. For more information regarding the issuance of preferred and common stock, and dividends paid to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (preferred shareholders, see NOTE 13 - SHAREHOLDERS' EQUITY) Tj ET Q q 0 0 0 rg BT 326.55 538.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.20 502.25 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 266.29 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.24 502.25 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 322.77 502.25 Td (AL) Tj ET Q q 0 0 0 rg BT 336.11 502.25 Td ( RESOURCES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Liquidity for a financial institution is a measure of that institution) Tj ET Q q 0 0 0 rg BT 314.95 478.25 Td (s ability to meet depositors) Tj ET Q q 0 0 0 rg BT 425.30 478.25 Td ( needs for funds, to satisfy or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 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 483.23 466.25 Td (Asset/Liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 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 50.00 442.25 Td (and strives to maintain a strong liquidity position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 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 50.00 406.25 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 50.00 394.25 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 50.00 382.25 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 50.00 370.25 Td (term liquidity needs.) Tj ET Q q 0 0 0 rg BT 134.43 370.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.88 370.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.46 370.25 Td ( our borrowing capacity with the Federal Home Loan Bank was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.89 370.25 Td ($4.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 370.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (which $0.9 billion was utilized in borrowings and commitments and $1.7 billion of available capacity was used to collateralize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (state and municipal deposits. ) Tj ET Q q 0 0 0 rg BT 167.48 346.25 Td (As of December 31, 2015 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 50.00 334.25 Td (billion of which $1.6 billion was utilized in borrowings and commitments and $1.4 billion of available capacity was used to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (collateralize state and municipal deposits. ) Tj ET Q q 0 0 0 rg BT 218.83 322.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 322.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.86 322.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 322.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.30 322.25 Td (, our borrowing capacity with the Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Bank of Philadelphia was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.98 310.25 Td ($158.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.87 310.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.31 310.25 Td ($59.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.20 310.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 339.86 310.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Net cash flows used in operating activities of continuing operations were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.09 286.25 Td ($263.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.98 286.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.44 286.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.02 286.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (compared to net cash flows used in operating activities of continuing operations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.97 274.25 Td ($352.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.86 274.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 262.25 Td (. Origination of loans held for sale in excess of the proceeds from the sales of loans contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.08 262.25 Td ($358.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 250.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 250.25 Td ($421.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.22 250.25 Td ( to cash flows used in operating activities during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.57 250.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.57 250.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.01 250.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.01 250.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 465.67 250.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Investing activities of continuing operations used net cash flows of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.94 226.25 Td ($570.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.83 226.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.29 226.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.88 226.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (compared to the net cash flows used in investing activities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.33 214.25 Td ($1.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.44 214.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.90 214.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.49 214.25 Td (. ) Tj ET Q q 0 0 0 rg BT 505.81 214.25 Td (The net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (increase in loans was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.19 202.25 Td ($0.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.31 202.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.77 202.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.35 202.25 Td ( compared to a net increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.79 202.25 Td ($1.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.91 202.25 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 190.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 190.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Financing activities provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.14 166.25 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.25 166.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.71 166.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 166.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 166.25 Td ($1.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.11 166.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 154.25 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.48 154.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 154.25 Td (, increases in cash from deposits provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.43 154.25 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.54 154.25 Td (, net proceeds from common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (issuances provided $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.32 142.25 Td (65.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.21 142.25 Td (, and net proceeds from preferred stock issuances provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.90 142.25 Td ($161.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.79 142.25 Td ( of) Tj ET Q q 0 0 0 rg BT 491.94 142.25 Td (fset by a net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (decrease in short-term FHLB borrowings which used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.23 130.25 Td ($0.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.34 130.25 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.23 130.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.23 130.25 Td (, increases in cash from deposits provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.19 130.25 Td ($1.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 118.25 Td (, proceeds from federal funds purchased provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 118.25 Td ($70.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.04 118.25 Td (, and net proceeds from preferred stock issuances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 106.25 Td ($55.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.94 106.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 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 70.25 Td (resources to meet our short-term and long-term cash requirements for the foreseeable future.) Tj ET Q endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 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 (89) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.45 742.25 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 284.82 742.25 Td (AL) Tj ET Q q 0 0 0 rg BT 298.16 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.11 742.25 Td (ADEQUACY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (The Bank and the Bancorp are subject to various regulatory capital requirements administered by the federal banking agencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (Failure to meet the minimum capital requirements can result in certain mandatory) Tj ET Q q 0 0 0 rg BT 376.19 713.25 Td (, and possibly additional discretionary) Tj ET Q q 0 0 0 rg BT 528.01 713.25 Td (, actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (by regulators that, if undertaken, could have a direct material ef) Tj ET Q q 0 0 0 rg BT 304.16 701.25 Td (fect on Customers' financial statements. Under capital adequacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 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 50.00 677.25 Td (guidelines that involve quantitative measures of their assets, liabilities and certain of) Tj ET Q q 0 0 0 rg BT 387.50 677.25 Td (f-balance sheet items, as calculated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (the regulatory accounting practices. ) Tj ET Q q 0 0 0 rg BT 195.03 665.25 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 50.00 653.25 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 50.00 641.25 Td (holding companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 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 50.00 612.25 Td (amounts and ratios \(set forth in the following table\) of total and ) Tj ET Q q 0 0 0 rg BT 306.43 612.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.18 612.25 Td (ier 1 capital to risk-weighted assets and of ) Tj ET Q q 0 0 0 rg BT 483.06 612.25 Td (T) Tj ET Q q 0 0 0 rg BT 488.82 612.25 Td (ier 1 capital to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (average assets \(as defined in the regulations\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 118.88 583.25 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 50.00 571.25 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 50.00 559.25 Td (that implemented the Dodd-Frank requirements and certain other regulatory capital reforms ef) Tj ET Q q 0 0 0 rg BT 426.62 559.25 Td (fective January 1, 2015, that \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 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 50.00 535.25 Td (assets ratio, \(ii\) increased the adequately capitalized and well capitalized thresholds for the ) Tj ET Q q 0 0 0 rg BT 415.22 535.25 Td (T) Tj ET Q q 0 0 0 rg BT 420.98 535.25 Td (ier 1 risk based capital ratios to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.44 535.25 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.77 535.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 523.25 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.27 523.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 132.93 523.25 Td (, \(iii\) changed the treatment of certain capital components for determining ) Tj ET Q q 0 0 0 rg BT 431.52 523.25 Td (T) Tj ET Q q 0 0 0 rg BT 437.28 523.25 Td (ier 1 and ) Tj ET Q q 0 0 0 rg BT 474.58 523.25 Td (T) Tj ET Q q 0 0 0 rg BT 480.34 523.25 Td (ier 2 capital, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (\(iv\) changed the risk weighting of certain assets and of) Tj ET Q q 0 0 0 rg BT 268.92 511.25 Td (f balance sheet items in determining risk weighted assets. ) 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 31.60 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 88.77 742.10 Td (, to be considered adequately capitalized, or well capitalized, respectively) Tj ET Q q 0 0 0 rg BT 382.44 742.10 Td (, an institution must at least maintain the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (common equity ) Tj ET Q q 0 0 0 rg BT 114.81 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.57 730.10 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 143.43 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 149.19 730.10 Td (ier 1 and total risk based ratios and the ) Tj ET Q q 0 0 0 rg BT 305.91 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.67 730.10 Td (ier 1 leveraged ratio in excess of the related minimum ratios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (set forth in the following table. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 652.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 652.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 652.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 652.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 652.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 652.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 652.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 652.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 652.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 652.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 652.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 652.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 614.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 614.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 614.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 614.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 614.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 614.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 614.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 614.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 614.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 584.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 584.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 584.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 584.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 584.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 584.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 584.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 584.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 584.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 584.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 584.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 584.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 555.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 555.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 555.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 555.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 555.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 555.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 555.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 555.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 526.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 526.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 526.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 526.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 526.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 526.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 526.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 526.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 496.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 496.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 496.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 496.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 496.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 496.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 496.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 496.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 496.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 496.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 496.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 496.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 467.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 467.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 467.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 467.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 467.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 467.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 467.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 467.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 467.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.60 176.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 438.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 438.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 438.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 438.60 11.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 438.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 438.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 438.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 438.60 11.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 438.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 438.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 438.60 43.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 400.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 400.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 400.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 400.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 400.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 400.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 400.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 400.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 400.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 400.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 372.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 372.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 372.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 372.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 372.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 372.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 372.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 372.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 372.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 372.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.60 176.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 344.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 344.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 344.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 344.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 344.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 344.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 344.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 344.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 344.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 315.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 315.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 315.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 315.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 315.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 315.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 315.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 315.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 315.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 315.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.60 176.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 286.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 286.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 286.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 286.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 286.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 286.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 286.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 286.60 43.00 -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 226.5 665.6 m 279.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 665.6 m 283.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 665.6 m 326.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 665.6 m 337.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 665.6 m 390.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 665.6 m 394.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 665.6 m 437.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 665.6 m 501.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 665.6 m 505.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 665.6 m 548.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 652.6 m 279.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 652.6 m 326.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 652.6 m 390.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 652.6 m 437.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 652.6 m 501.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 652.6 m 548.5 652.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 669.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 669.83 Td (Actual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 693.83 Td (For) Tj ET Q q 0 0 0 rg BT 361.54 693.83 Td (Capital) Tj ET Q q 0 0 0 rg BT 390.44 693.83 Td (Adequacy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.40 685.83 Td (Purposes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.55 677.83 Td (\(Minimum Plus Capital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 669.83 Td (Buffer\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.95 693.83 Td (T) Tj ET Q q 0 0 0 rg BT 463.55 693.83 Td (oBe) Tj ET Q q 0 0 0 rg BT 480.29 693.83 Td (W) Tj ET Q q 0 0 0 rg BT 487.85 693.83 Td (ellCapitalized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.15 685.83 Td (Under) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.70 677.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 461.99 677.83 Td (omptCorr) Tj ET Q q 0 0 0 rg BT 498.50 677.83 Td (ective) Tj ET Q q 0 0 0 rg BT 519.60 677.83 Td (Action) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.25 669.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 488.54 669.83 Td (ovisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 656.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.45 656.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.15 656.83 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 656.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.45 656.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.15 656.83 Td (Ratio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.45 656.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.15 656.83 Td (Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 643.28 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 629.28 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 123.93 629.28 Td (T) Tj ET Q q 0 0 0 rg BT 130.42 629.28 Td (ier) Tj ET Q q 0 0 0 rg BT 141.90 629.28 Td ( 1 \(to risk-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 619.28 Td (weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 604.27 Td (628,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 604.27 Td (8.487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 604.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 604.27 Td (379,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 604.27 Td (5.125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 604.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 604.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 604.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 589.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 589.27 Td (857,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 589.27 Td (11.626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 589.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 589.27 Td (377,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 589.27 Td (5.125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 589.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 589.27 Td (479,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 589.27 Td (6.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 589.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 575.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 575.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 575.28 Td ( 1 capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 560.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 560.27 Td (844,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 560.27 Td (11.414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 560.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 560.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 560.27 Td (490,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 560.27 Td (6.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 560.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 560.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 560.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 545.27 Td (857,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 545.27 Td (11.626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 545.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 545.27 Td (488,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 545.27 Td (6.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 545.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 545.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 545.27 Td (590,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 545.27 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 545.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 531.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 531.28 Td (otal capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 516.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 516.27 Td (966,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 516.27 Td (13.053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 516.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 516.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 516.27 Td (638,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 516.27 Td (8.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 516.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 516.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 516.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 501.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.60 501.27 Td (1,003,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 501.27 Td (13.608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 501.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 501.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 501.27 Td (636,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 501.27 Td (8.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 501.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 501.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 501.27 Td (737,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.10 501.27 Td (10.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 501.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 487.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 487.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 487.28 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 472.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 472.27 Td (844,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 472.27 Td (9.067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 472.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 472.27 Td (372,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 472.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 472.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 472.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 472.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 457.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 457.27 Td (857,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 457.27 Td (9.233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 457.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 457.27 Td (371,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 457.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 457.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 457.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 457.27 Td (464,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 457.27 Td (5.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 457.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 443.28 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 429.28 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 123.93 429.28 Td (T) Tj ET Q q 0 0 0 rg BT 130.42 429.28 Td (ier) Tj ET Q q 0 0 0 rg BT 141.90 429.28 Td ( 1 \(to risk-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 419.28 Td (weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 405.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 405.17 Td (500,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 405.17 Td (7.610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 405.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 405.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 405.17 Td (296,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 405.17 Td (4.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 405.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 405.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 405.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 391.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 391.17 Td (565,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 391.17 Td (8.620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 391.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 391.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 391.17 Td (294,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 391.17 Td (4.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 391.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 391.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 391.17 Td (425,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 391.17 Td (6.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 391.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 377.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 377.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 377.28 Td ( 1 capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 363.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 363.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 363.17 Td (556,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 363.17 Td (8.460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 363.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 363.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 363.17 Td (394,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 363.17 Td (6.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 363.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 363.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 363.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 349.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 349.17 Td (565,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 349.17 Td (8.620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 349.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 349.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 349.17 Td (393,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 349.17 Td (6.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 349.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 349.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 349.17 Td (524,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 349.17 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 349.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 335.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 335.28 Td (otal capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 320.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 320.27 Td (698,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 320.27 Td (10.620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 320.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 320.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 320.27 Td (526,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 320.27 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 320.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 320.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 320.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 305.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 305.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 305.27 Td (710,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.10 305.27 Td (10.850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 305.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 305.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 305.27 Td (524,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 305.27 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 305.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 305.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 305.27 Td (655,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.10 305.27 Td (10.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 305.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 291.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 291.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 291.28 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 276.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 276.27 Td (556,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 276.27 Td (7.160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 276.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 276.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 276.27 Td (310,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 276.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 276.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 276.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 276.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 261.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.00 261.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 261.27 Td (565,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 261.27 Td (7.300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 261.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 261.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.10 261.27 Td (309,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 261.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 261.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 261.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.10 261.27 Td (387,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.10 261.27 Td (5.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 261.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 227.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 227.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 227.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 227.10 Td (, the Bank and Bancorp met all capital adequacy requirements to which they were subject. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (Capital Ratios) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (Customers continued to build the amount of capital during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.35 179.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.35 179.10 Td (.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 50.00 167.10 Td (achieved by retained earnings, increases in capital from sales of common stock and issuance of preferred stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (subordinated debt. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.70 155.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.70 155.10 Td (, the Bancorp issued non-cumulative perpetual preferred stock, which meets the definition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 143.10 Td (ier 1 capital per regulatory guidelines, and common stock. ) Tj ET Q q 0 0 0 rg BT 290.78 143.10 Td (The net proceeds of these of) Tj ET Q q 0 0 0 rg BT 403.61 143.10 Td (ferings is included in the Bancorp's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 131.10 Td (ier 1 capital ratios presented above. For more information relating to preferred and common stock of) Tj ET Q q 0 0 0 rg BT 460.16 131.10 Td (ferings in 2016, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (NOTE 13 - SHAREHOLDERS' EQUITY) Tj ET Q q 0 0 0 rg BT 216.61 119.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 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 83.10 Td (would have a material ef) Tj ET Q q 0 0 0 rg BT 148.66 83.10 Td (fect on our liquidity) Tj ET Q q 0 0 0 rg BT 227.72 83.10 Td (, capital resources, or operations.) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The maintenance of appropriate levels of capital is an important objective of our ) Tj ET Q q 0 0 0 rg BT 373.49 742.10 Td (Asset and Liability Management process. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Through our initial capitalization and our subsequent of) Tj ET Q q 0 0 0 rg BT 272.82 730.10 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 50.00 718.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 89.55 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.96 718.10 Td (o date, Customers Bank's board of directors declared a cash dividend to its sole shareholder) Tj ET Q q 0 0 0 rg BT 460.42 718.10 Td (, Customers Bancorp. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Cash dividends declared by the Bank and paid to Customers Bancorp, include the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 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 68.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 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 68.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 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 68.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td ($5.0 million declared on October 28, 2015 and paid on December 10, 2015;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td ($5.1 million declared on January 20, 2016 and paid on March 10, 2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td ($6.0 million declared on ) Tj ET Q q 0 0 0 rg BT 185.70 562.10 Td (April 27, 2016 and paid on June 27, 2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td ($6.5 million declared on July 27, 2016 and paid on September 12, 2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td ($7.8 million declared on October 26, 2016 and paid on December 12, 2016; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td ($7.8 million declared on January 25, 2017 and payable on March 10, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 466.10 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 50.00 454.10 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 50.00 442.10 Td (the new requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.00 406.10 Td (OFF-BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 315.89 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.84 406.10 Td (ARRANGEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Customers is involved with financial instruments and other commitments with of) Tj ET Q q 0 0 0 rg BT 374.22 382.10 Td (f-balance sheet risks.Financial instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (with of) Tj ET Q q 0 0 0 rg BT 78.43 370.10 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 529.21 370.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 50.00 346.10 Td (credit.) Tj ET Q q 0 0 0 rg BT 77.58 346.10 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 50.00 334.10 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 310.10 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 50.00 298.10 Td (instrument is represented by the contractual amount of those instruments.) Tj ET Q q 0 0 0 rg BT 345.58 298.10 Td (The same credit policies are used in making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 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 50.00 274.10 Td (extending a loan, these financial instruments are subject to the Bank) Tj ET Q q 0 0 0 rg BT 325.20 274.10 Td (s Credit Policy and other underwriting standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 250.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 250.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 250.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 250.10 Td (, the following of) Tj ET Q q 0 0 0 rg BT 261.72 250.10 Td (f-balance sheet commitments, financial instruments and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (arrangements were outstanding:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.60 378.00 -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 50.50 163.60 378.00 -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 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 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 219.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 219.55 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 452.50 207.68 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 207.55 Td (2015) 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 (Commitments to fund loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 182.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 182.17 Td (244,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 182.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 182.17 Td (537,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.17 Td (Unfunded commitments to fund mortgage warehouse loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 168.17 Td (1,230,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 168.17 Td (1,302,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.17 Td (Unfunded commitments under lines of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 154.17 Td (480,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 154.17 Td (436,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.17 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 140.17 Td (40,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 140.17 Td (42,002) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 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 50.00 100.10 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 88.10 Td (business.) Tj ET Q endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 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 (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 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 50.00 718.10 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 50.00 706.10 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 413.56 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.20 706.10 Td (e evaluate each customer) Tj ET Q q 0 0 0 rg BT 522.79 706.10 Td () Tj ET Q q 0 0 0 rg BT 525.57 706.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (creditworthiness on a case-by-case basis.) Tj ET Q q 0 0 0 rg BT 216.43 694.10 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 50.00 682.10 Td (based on management) Tj ET Q q 0 0 0 rg BT 141.64 682.10 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 50.00 670.10 Td (receivable, inventory and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 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 50.00 634.10 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 50.00 622.10 Td (guaranteed by the U.S. government through one of their programs such as FHA, ) Tj ET Q q 0 0 0 rg BT 373.08 622.10 Td (V) Tj ET Q q 0 0 0 rg BT 379.01 622.10 Td (A, or are conventional loans eligible for sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to Fannie Mae and Freddie Mac. ) Tj ET Q q 0 0 0 rg BT 182.84 610.10 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 50.00 598.10 Td (activity) Tj ET Q q 0 0 0 rg BT 79.34 598.10 Td (, new home sales and laws and regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 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 50.00 562.10 Td (third party) Tj ET Q q 0 0 0 rg BT 91.28 562.10 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 50.00 550.10 Td (meet the conditions of the extension of credit.) Tj ET Q q 0 0 0 rg BT 235.60 550.10 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 50.00 538.10 Td (involved in extending loan facilities to customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 502.10 Td (CONTRACTUAL) Tj ET Q q 0 0 0 rg BT 308.44 502.10 Td ( OBLIGA) Tj ET Q q 0 0 0 rg BT 350.21 502.10 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 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 50.00 466.10 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 466.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 466.10 Td (.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 50.00 454.10 Td (then current contractual interest rates. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 410.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 354.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 354.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 326.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 326.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 298.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 270.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 270.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 270.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 270.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 270.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 242.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 242.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 242.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 242.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 242.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 242.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 242.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 242.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 242.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 242.60 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 221.5 422.6 m 286.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 422.6 m 355.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 422.6 m 424.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 422.6 m 493.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 422.6 m 562.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 242.60000000000002 m 286.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 229.60000000000002 m 286.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 227.60000000000002 m 286.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 242.60000000000002 m 355.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 229.60000000000002 m 355.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 227.60000000000002 m 355.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 242.60000000000002 m 424.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 229.60000000000002 m 424.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 227.60000000000002 m 424.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 242.60000000000002 m 493.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 229.60000000000002 m 493.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 227.60000000000002 m 493.5 227.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 242.60000000000002 m 562.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 229.60000000000002 m 562.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 227.60000000000002 m 562.5 227.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.30 426.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.75 434.85 Td (W) Tj ET Q q 0 0 0 rg BT 311.98 434.85 Td (ithin one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 426.85 Td (year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.15 434.85 Td (After one but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 426.85 Td (withinthreeyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.95 434.85 Td (After three but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.60 426.85 Td (withinfiveyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 434.85 Td (Morethan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 426.85 Td (fiveyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 414.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.17 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 401.17 Td (24,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 401.17 Td (3,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 401.17 Td (7,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 401.17 Td (5,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 401.17 Td (8,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.17 Td (Benefit plan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 387.17 Td (4,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 387.17 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 387.17 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 387.17 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 387.17 Td (3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.17 Td (Contractual maturities of time deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 373.17 Td (2,831,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 373.17 Td (2,047,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 373.17 Td (644,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 373.17 Td (139,434) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 373.28 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.17 Td (Subordinated notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 359.17 Td (110,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 359.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 359.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 359.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 359.17 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 345.17 Td (Interest on subordinated notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 345.17 Td (84,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 345.17 Td (6,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 345.17 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 345.17 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 345.17 Td (50,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 331.17 Td (Loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 331.17 Td (1,955,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 331.17 Td (1,532,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 331.17 Td (108,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 331.17 Td (85,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 331.17 Td (228,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.17 Td (FHLB long-term advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 317.17 Td (180,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 317.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 317.17 Td (180,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 317.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 317.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 303.17 Td (Interest on FHLB long-term advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 303.17 Td (3,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 303.17 Td (2,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 303.17 Td (740) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 303.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 303.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 289.17 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 289.17 Td (88,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 289.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 289.17 Td (88,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 289.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 289.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 275.17 Td (Interest on senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 275.17 Td (9,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 275.17 Td (5,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 275.17 Td (4,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 275.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 275.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 261.17 Td (Other commitments \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 261.17 Td (5,310) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 261.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 261.17 Td (5,310) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 261.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 261.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.17 Td (Standby letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 247.17 Td (40,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 247.17 Td (32,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 247.17 Td (685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 247.17 Td (7,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 247.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 233.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 233.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 233.17 Td (5,336,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 233.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 233.17 Td (3,630,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 233.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 233.17 Td (1,054,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 233.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 233.17 Td (251,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 233.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 233.17 Td (400,365) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 214.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 202.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 202.70 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 207.15 166.70 Td (NEW) Tj ET Q q 0 0 0 rg BT 230.86 166.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.81 166.70 Td (ACCOUNTING PRONOUNCEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.70 Td (For information about the impact that recently adopted or issued accounting guidance will have on us, refer to NOTE 4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.70 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 112.60 130.70 Td ( ) Tj ET Q q 0 0 0 rg BT 114.55 130.70 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 228.99 130.70 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 341.83 130.70 Td (A) Tj ET Q q 0 0 0 rg BT 347.94 130.70 Td (TION.) 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 31.60 Td (93) 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 (2017, 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, 2016) 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 December31, 2017, resulting from changes in interest rates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Net change in net inter) Tj ET Q q 0 0 0 rg BT 147.03 382.25 Td (est income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 350.75 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 350.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 320.75 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 320.75 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 497.5 350.75 m 562.5 350.75 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 53 353.93671875 m 92.7734375 353.93671875 l s q 0 0 0 rg BT 53.00 355.00 Td (Rate Shocks) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.15 363.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.25 355.00 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.32 Td (Up 3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 340.42 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 340.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.32 Td (Up 2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 325.42 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 325.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 311.32 Td (Up 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 310.42 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 310.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.32 Td (Down 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 295.42 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 295.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (The net changes in net interest income in all scenarios are within Customers Bank) Tj ET Q q 0 0 0 rg BT 380.74 267.25 Td (s interest rate risk policy guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 92.86 243.25 Td (V) Tj ET Q q 0 0 0 rg BT 98.97 243.25 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 50.00 231.25 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 50.00 219.25 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 50.00 207.25 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 50.00 195.25 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 50.00 183.25 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 541.07 183.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 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 480.45 171.25 Td (s balance sheet.) Tj ET Q q 0 0 0 rg BT 545.24 171.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (following table reflects the estimated EVE at risk and the ratio of EVE to EVE adjusted assets at December 31, 2016, resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.25 Td (from shocks to interest rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.25 Td () 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 31.60 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table reflects the estimated EVE at risk and the ratio of EVE to EVE adjusted assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.82 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.41 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (resulting from the referenced shocks to interest rates.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 715.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.20 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 692.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.20 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 662.20 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 692.2 m 562.5 692.2 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 53 695.180078125 m 95.00390625 695.180078125 l s q 0 0 0 rg BT 53.00 696.43 Td (Rate Shocks) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.45 696.43 Td (Frombase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 682.77 Td (Up 3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 681.87 Td (\(24.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 681.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 667.77 Td (Up 2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 666.87 Td (\(14.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 666.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 652.77 Td (Up 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 651.87 Td (\(5.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 651.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 637.77 Td (Down 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 636.87 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 636.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.70 Td (The net changes in economic value of equity in all scenarios are within Customers Bank) Tj ET Q q 0 0 0 rg BT 406.01 608.70 Td (s interest rate risk policy guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.70 Td (The matching of assets and liabilities may also be analyzed by examining the extent to which such assets and liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.70 Td (interest rate sensitive and by monitoring a bank) Tj ET Q q 0 0 0 rg BT 242.45 572.70 Td (s interest rate sensitivity gap.) Tj ET Q q 0 0 0 rg BT 369.64 572.70 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 50.00 560.70 Td (sensitive within a specific time period if it will mature or reprice within that time period.) Tj ET Q q 0 0 0 rg BT 406.67 560.70 Td (The interest rate sensitivity gap is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.70 Td (defined as the dif) Tj ET Q q 0 0 0 rg BT 118.96 548.70 Td (ference between the amount of interest earning assets maturing or repricing within a specific time period and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.70 Td (the amount of interest bearing liabilities maturing or repricing within that time period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.70 Td (The following table sets forth the amounts of interest-earning assets and interest-bearing liabilities outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.60 512.70 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 500.70 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 50.00 488.70 Td (as stated below) Tj ET Q q 0 0 0 rg BT 110.44 488.70 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 50.00 476.70 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 438.64 476.70 Td (.) Tj ET Q q 0 0 0 rg BT 443.46 476.70 Td (The table sets forth an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.70 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 317.70 464.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.28 464.70 Td ( on the basis of contractual maturities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.70 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 50.00 440.70 Td (intervals.) Tj ET Q q 0 0 0 rg BT 89.25 440.70 Td (The loan amounts in the table reflect principal balances expected to be repaid and/or repriced as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.70 Td (contractual amortization and anticipated prepayments of adjustable and fixed rate loans, and as a result of contractual-rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.70 Td (adjustments on adjustable-rate loans.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 378.30 Td () 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 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 693.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 659.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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0.9333333333333333 1 rg /GS0 gs 237.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 555.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 529.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 529.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 503.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 477.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 477.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 451.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 417.50 137.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 417.50 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 417.50 50.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 727.5 m 187.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 706.5 m 237.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 706.5 m 292.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 706.5 m 346.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 706.5 m 400.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 706.5 m 454.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 706.5 m 508.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 706.5 m 562.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 620.5 m 237.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 620.5 m 292.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 620.5 m 346.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 620.5 m 400.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 620.5 m 454.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 620.5 m 508.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 620.5 m 562.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 594.5 m 237.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 594.5 m 292.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 594.5 m 346.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 594.5 m 400.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 594.5 m 454.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 594.5 m 508.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 594.5 m 562.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 581.5 m 237.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 581.5 m 292.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 581.5 m 346.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 581.5 m 400.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 581.5 m 454.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 581.5 m 508.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 582.5 m 562.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 580.5 m 562.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 516.5 m 237.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 516.5 m 292.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 516.5 m 346.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 516.5 m 400.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 516.5 m 454.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 516.5 m 508.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 516.5 m 562.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 477.5 m 562.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 477.5 m 237.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 465.5 m 237.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 463.5 m 237.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 477.5 m 292.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 465.5 m 292.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 463.5 m 292.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 477.5 m 346.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 465.5 m 346.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 463.5 m 346.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 477.5 m 400.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 465.5 m 400.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 463.5 m 400.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 477.5 m 454.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 465.5 m 454.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 463.5 m 454.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 477.5 m 508.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 465.5 m 508.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 463.5 m 508.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 465.5 m 562.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 463.5 m 562.5 463.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 739.73 Td (Balance Sheet Gap ) Tj ET Q q 0 0 0 rg BT 119.00 739.73 Td (Analysis at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 731.73 Td (December) Tj ET Q q 0 0 0 rg BT 87.50 731.73 Td (31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 710.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.20 718.75 Td (3 months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.65 710.75 Td (or less) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.35 718.75 Td (3 to 6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.70 710.75 Td (months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 718.75 Td (6 to 12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.20 710.75 Td (months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.85 718.75 Td (1 to 3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 710.75 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.85 718.75 Td (3 to 5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.55 710.75 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.00 718.75 Td (Over 5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.55 710.75 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.80 710.75 Td (T) Tj ET Q q 0 0 0 rg BT 533.13 710.75 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 697.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.80 697.75 Td (\(dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 685.58 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 672.45 Td (Interest earning deposits and federal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 664.45 Td (funds sold) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 663.75 Td (227,224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 663.75 Td (227,224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 651.45 Td (Investment securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 650.75 Td (15,937) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 650.75 Td (15,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 650.75 Td (29,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 650.75 Td (105,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.25 650.75 Td (81,138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 650.75 Td (226,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 650.75 Td (474,133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 638.45 Td (Loans \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 637.75 Td (3,527,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 637.75 Td (134,487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 637.75 Td (299,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 637.75 Td (1,894,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 637.75 Td (2,212,847) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 637.75 Td (160,179) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 637.75 Td (8,229,186) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 625.45 Td (Other interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 624.75 Td (71,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.25 624.75 Td (71,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 612.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 612.45 Td (otal interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 611.75 Td (3,770,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 611.75 Td (149,882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 611.75 Td (400,937) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 611.75 Td (1,999,515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 611.75 Td (2,293,985) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 611.75 Td (387,111) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 611.75 Td (9,002,306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 599.45 Td (Non interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 598.75 Td (327,064) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 598.75 Td (327,064) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 586.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 586.45 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 585.75 Td (3,770,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 585.75 Td (149,882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 585.75 Td (400,937) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 585.75 Td (1,999,515) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 585.75 Td (2,293,985) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 585.75 Td (714,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 585.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 585.75 Td (9,329,370) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 573.58 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 560.45 Td (Other interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 559.75 Td (370,796) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 559.75 Td (165,371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 559.75 Td (305,690) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 559.75 Td (946,163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 559.75 Td (503,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 559.75 Td (1,220,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 559.75 Td (3,511,950) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 547.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 547.45 Td (ime deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 546.75 Td (483,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 546.75 Td (763,392) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 546.75 Td (803,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 546.75 Td (646,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 546.75 Td (135,075) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 546.75 Td (2,831,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 534.45 Td (Other borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 533.75 Td (591,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 533.75 Td (100,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 533.75 Td (80,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 533.75 Td (180,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 533.75 Td (951,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 521.45 Td (Subordinated debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 520.75 Td (108,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 520.75 Td (108,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 508.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 508.45 Td (otal interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 507.75 Td (1,446,329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.25 507.75 Td (1,028,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.25 507.75 Td (1,188,769) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 507.75 Td (1,772,646) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 507.75 Td (638,663) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 507.75 Td (1,329,125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 507.75 Td (7,404,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 495.45 Td (Non-interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 494.75 Td (35,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 494.75 Td (33,682) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 494.75 Td (63,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 494.75 Td (397,939) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.25 494.75 Td (97,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 494.75 Td (429,051) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 494.75 Td (1,056,533) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 482.58 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.30 482.58 Td (eholders) Tj ET Q q 0 0 0 rg BT 100.26 482.58 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 481.75 Td (868,542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 481.75 Td (868,542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 469.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 469.45 Td (otal liabilities and shareholders) Tj ET Q q 0 0 0 rg BT 159.15 469.45 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 468.75 Td (1,481,408) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.25 468.75 Td (1,062,445) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.25 468.75 Td (1,252,164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 468.75 Td (2,170,585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 468.75 Td (736,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 468.75 Td (2,626,718) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 468.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 468.75 Td (9,329,370) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 456.45 Td (Interest sensitivity gap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 455.75 Td (2,289,468) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.60 455.75 Td (\(912,563) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 455.75 Td (\(851,227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.60 455.75 Td (\(171,070) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 455.75 Td (1,557,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 455.75 Td (\(1,912,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 443.45 Td (Cumulative interest sensitivity gap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.25 442.75 Td (1,376,905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 442.75 Td (525,678) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 442.75 Td (354,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 442.75 Td (1,912,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 442.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 430.45 Td (Cumulative interest sensitivity gap to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 422.45 Td (total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.25 421.75 Td (24.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.30 421.75 Td (14.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 421.75 Td (5.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 421.75 Td (3.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 421.75 Td (20.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.30 421.75 Td (0.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 409.45 Td (Cumulative interest-earning assets to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 401.45 Td (cumulative interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 400.75 Td (260.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.25 400.75 Td (158.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.25 400.75 Td (118.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.25 400.75 Td (116.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.25 400.75 Td (141.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.25 400.75 Td (121.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 400.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 385.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 385.00 Td (Including loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.00 Td (As shown above, we have a positive cumulative gap \(cumulative interest sensitive assets are higher than cumulative interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.00 Td (sensitive liabilities\) within the next year) Tj ET Q q 0 0 0 rg BT 209.84 349.00 Td (, which generally indicates that an increase in rates may lead to an increase in net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.00 Td (interest income, and a decrease in rates may lead to a decrease in net interest income.Interest rate sensitivity gap analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.00 Td (measures whether assets or liabilities may reprice but does not capture the ability to reprice or the range of potential repricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.00 Td (on assets or liabilities.) Tj ET Q q 0 0 0 rg BT 141.20 313.00 Td (Thus indications based on a negative or positive gap position need to be analyzed in conjunction with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.00 Td (other interest rate risk management tools.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.00 Td (Management believes that the assumptions and combination of methods utilized in evaluating estimated net interest income are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (reasonable.However) Tj ET Q q 0 0 0 rg BT 134.00 265.00 Td (, the interest rate sensitivity of our assets, liabilities and of) Tj ET Q q 0 0 0 rg BT 366.55 265.00 Td (f-balance sheet financial instruments, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (the estimated ef) Tj ET Q q 0 0 0 rg BT 113.13 253.00 Td (fect of changes in interest rates on estimated net interest income, could vary substantially if dif) Tj ET Q q 0 0 0 rg BT 491.71 253.00 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.00 Td (assumptions are used or actual experience dif) Tj ET Q q 0 0 0 rg BT 231.42 241.00 Td (fers from the assumptions used in the model.) 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 50.00 742.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 122.50 674.85 Td () Tj ET Q /GS0 gs q 364.00 0 0 48.00 125.50 674.85 cm /I28 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.75 650.85 Td (Financial Statements for) Tj ET Q q 0 0 0 rg BT 311.55 650.85 Td ( the thr) Tj ET Q q 0 0 0 rg BT 343.03 650.85 Td (ee years ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.60 638.85 Td (December) Tj ET Q q 0 0 0 rg BT 275.73 638.85 Td (31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.23 638.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.23 638.85 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.23 638.85 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.35 638.85 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.35 638.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.85 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 83.42 614.85 Td (T) Tj ET Q q 0 0 0 rg BT 89.35 614.85 Td (O CUST) Tj ET Q q 0 0 0 rg BT 124.45 614.85 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 207.53 614.85 Td (, INC. FINANCIAL) Tj ET Q q 0 0 0 rg BT 288.27 614.85 Td ( ST) Tj ET Q q 0 0 0 rg BT 301.64 614.85 Td (A) Tj ET Q q 0 0 0 rg BT 307.75 614.85 Td (TEMENTS) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 600.45 Td () Tj ET Q BT /F1 10.00 Tf ET 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 53 579.1833984375 m 286.8427734375 579.1833984375 l s q 0 0 1 rg BT 53.00 580.52 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 218.24 580.52 Td (Accounting Firm) 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 53 564.1833984375 m 369.884765625 564.1833984375 l s q 0 0 1 rg BT 53.00 565.52 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 1 rg BT 218.24 565.52 Td (Accounting Firm on Internal Controls) 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 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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 (408,874) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 398.37 Td (6,334,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 398.37 Td (5,253,559) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 386.37 Td (6,846,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 386.37 Td (5,662,433) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 374.37 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 374.37 Td (70,000) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 362.37 Td (868,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 362.37 Td (1,625,300) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 350.37 Td (87,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 350.37 Td (86,457) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 338.37 Td (108,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 338.37 Td (108,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 326.37 Td (Liabilities held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 326.37 Td (484,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 326.37 Td (247,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 314.37 Td (Accrued interest payable and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 314.37 Td (47,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 314.37 Td (44,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 302.37 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 302.37 Td (8,526,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 302.37 Td (7,844,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.37 Td (Commitments and contingencies \(NOTES 18 and 22\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.37 Td (Shareholders equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 266.32 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 71.00 256.32 Td (100,000,000 shares authorized, 9,000,000 and 2,300,000 shares issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 246.32 Td (as of December 31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 246.42 Td (217,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 246.42 Td (55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 232.32 Td (Common stock, par value $1.00 per share;200,000,000 sharesauthorized; 30,820,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 222.32 Td (and 27,432,061shares issued as of December31, 2016 and 2015; 30,289,917 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 212.32 Td (26,901,801 shares outstanding as of December31, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 211.42 Td (30,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 211.42 Td (27,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 197.37 Td (Additional paid in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 197.37 Td (427,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 197.37 Td (362,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 185.37 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 185.37 Td (193,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 185.37 Td (124,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 173.37 Td (Accumulated other comprehensive loss, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 173.37 Td (\(4,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 173.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 173.37 Td (\(7,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 173.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 161.32 Td (Treasury stock, at cost \(530,260 shares as of December 31, 2016 and 2015\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 152.47 Td (\(8,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 152.47 Td (\(8,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 138.37 Td (Total shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 138.37 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 138.37 Td (553,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.00 126.48 Td (Total liabilities and shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 126.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 126.37 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 126.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 126.37 Td (8,398,205) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (See accompanying notes to the consolidated financial statements.) 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 33.60 Td (100) 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 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0.9333333333333333 1 rg /GS0 gs 493.50 186.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 186.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 162.75 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 162.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 162.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 162.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 162.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 162.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 138.75 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 138.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 138.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 138.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 138.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 138.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 114.75 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 114.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 114.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 114.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 114.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 114.75 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 359.5 702.75 m 424.5 702.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 702.75 m 428.5 702.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 702.75 m 493.5 702.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 702.75 m 497.5 702.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 702.75 m 562.5 702.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 690.75 m 424.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 690.75 m 493.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 690.75 m 562.5 690.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 630.75 m 424.5 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 630.75 m 493.5 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 630.75 m 562.5 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 558.75 m 493.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 558.75 m 562.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 558.75 m 424.5 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 546.75 m 424.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 546.75 m 493.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 522.75 m 424.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 522.75 m 493.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 522.75 m 562.5 522.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.75 m 493.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 390.75 m 562.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 390.75 m 424.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 258.75 m 493.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 258.75 m 562.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 258.75 m 424.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 246.75 m 424.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 246.75 m 493.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 246.75 m 562.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 222.75 m 424.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 222.75 m 493.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 222.75 m 562.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 222.75 m 424.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 210.75 m 424.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 222.75 m 493.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 210.75 m 493.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 222.75 m 562.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 210.75 m 562.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 186.75 m 424.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 186.75 m 493.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 186.75 m 562.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 174.75 m 424.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 174.75 m 493.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 174.75 m 562.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 150.75 m 424.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 139.75 m 424.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 137.75 m 424.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 150.75 m 493.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 139.75 m 493.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 137.75 m 493.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 150.75 m 562.5 150.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 139.75 m 562.5 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 137.75 m 562.5 137.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 706.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.60 706.01 Td (For the Years Ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 694.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 694.01 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 694.01 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.50 694.01 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 682.01 Td (Interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 670.01 Td (Loans receivable, including fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 670.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 670.01 Td (233,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 670.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 670.01 Td (182,280) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 670.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 670.01 Td (146,388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 658.01 Td (Loans held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 658.01 Td (69,469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 658.01 Td (51,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 658.01 Td (30,801) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 646.01 Td (Investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 646.01 Td (14,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 646.01 Td (10,405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 646.01 Td (10,386) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 634.01 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 634.01 Td (5,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 634.01 Td (5,612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 634.01 Td (2,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 622.01 Td (Total interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 622.01 Td (322,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 622.01 Td (249,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 622.01 Td (190,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 610.01 Td (Interest expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 598.01 Td (Deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 598.01 Td (48,249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 598.01 Td (33,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 598.01 Td (24,454) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 586.01 Td (Other borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 586.01 Td (6,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 586.01 Td (6,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 586.01 Td (5,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 574.01 Td (FHLB advances) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 574.01 Td (11,597) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 574.01 Td (6,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 574.01 Td (5,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 562.01 Td (Subordinated debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 562.01 Td (6,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 562.01 Td (6,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 562.01 Td (3,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 550.01 Td (Total interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 550.01 Td (73,023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 550.01 Td (53,551) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 550.01 Td (38,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 538.01 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 538.01 Td (249,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 538.01 Td (196,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 538.01 Td (151,923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 526.01 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 526.01 Td (2,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 526.01 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 526.01 Td (14,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 514.01 Td (Net interest income after provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 514.01 Td (247,171) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 514.01 Td (175,733) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 514.01 Td (137,176) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 502.01 Td (Non-interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 490.01 Td (Mortgage warehouse transactional fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 490.01 Td (11,547) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 490.01 Td (10,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 490.01 Td (8,233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 478.01 Td (Bank-owned life insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 478.01 Td (4,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 478.01 Td (7,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 478.01 Td (3,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 466.01 Td (Gains on sales of loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 466.01 Td (3,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 466.01 Td (4,047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 466.01 Td (3,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 454.01 Td (Deposit fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 454.01 Td (1,140) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 454.01 Td (943) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 454.01 Td (801) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 442.01 Td (Mortgage loan and banking income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 442.01 Td (969) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 442.01 Td (741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 442.01 Td (2,048) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 430.01 Td (Interchange and card revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 430.01 Td (620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 430.01 Td (536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 430.01 Td (532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 418.01 Td (Gain \(loss\) on sale of investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 418.01 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 418.01 Td (\(85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 418.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 418.01 Td (3,191) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 406.01 Td (Impairment loss on investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.75 406.01 Td (\(7,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 406.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 406.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 406.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 394.01 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 394.01 Td (7,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 394.01 Td (3,990) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 394.01 Td (3,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 382.01 Td (Total non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 382.01 Td (23,165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 382.01 Td (27,572) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 382.01 Td (25,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 370.01 Td (Non-interest expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 358.01 Td (Salaries and employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 358.01 Td (67,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 358.01 Td (56,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 358.01 Td (46,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 346.01 Td (Technology, communication and bank operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 346.01 Td (12,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 346.01 Td (9,379) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 346.01 Td (8,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 334.01 Td (FDIC assessments, taxes, and regulatory fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 334.01 Td (12,568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 334.01 Td (10,110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 334.01 Td (11,116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 322.01 Td (Professional services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 322.01 Td (11,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 322.01 Td (9,386) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 322.01 Td (7,218) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 310.01 Td (Occupancy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 310.01 Td (9,846) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 310.01 Td (8,467) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 310.01 Td (8,063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 298.01 Td (Loan workout) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 298.01 Td (2,063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 298.01 Td (1,127) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 298.01 Td (1,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 286.01 Td (Other real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 286.01 Td (1,953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 286.01 Td (2,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 286.01 Td (3,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 274.01 Td (Advertising and promotion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 274.01 Td (576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 274.01 Td (697) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 274.01 Td (1,180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 262.01 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 262.01 Td (12,429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 262.01 Td (9,545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 262.01 Td (9,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 250.01 Td (Total non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 250.01 Td (131,217) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 250.01 Td (107,568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 250.01 Td (96,788) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 238.01 Td (Income from continuing operations before income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 238.01 Td (139,119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 238.01 Td (95,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 238.01 Td (65,514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 226.01 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 226.01 Td (51,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 226.01 Td (32,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 226.01 Td (20,982) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 214.15 Td ( Net income fr) Tj ET Q q 0 0 0 rg BT 122.81 214.15 Td (om continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 214.01 Td (87,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 214.01 Td (63,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 214.01 Td (44,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 202.01 Td (Loss from discontinued operations before tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.25 202.01 Td (\(14,524) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 202.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 202.01 Td (\(7,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 202.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 202.01 Td (\(2,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 202.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 190.01 Td (Income tax benefit from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.75 190.01 Td (\(5,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 190.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 190.01 Td (\(2,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 190.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 190.01 Td (\(808) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 190.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 178.01 Td (Net loss from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.75 178.01 Td (\(9,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 178.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 178.01 Td (\(4,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 178.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 178.01 Td (\(1,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 178.01 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.00 166.15 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 166.01 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 166.01 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 166.01 Td (43,214) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.00 154.15 Td (Preferred stock dividend) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 154.01 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 154.01 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 154.01 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.00 142.15 Td (Net income available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 142.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 142.01 Td (69,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 142.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 142.01 Td (56,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 142.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 142.01 Td (43,214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 130.01 Td (Basic earnings per common share from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 130.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 130.01 Td (2.83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 130.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 130.01 Td (2.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 130.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 130.01 Td (1.67) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 118.01 Td (Basic earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 118.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 118.01 Td (2.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 118.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 118.01 Td (2.09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 118.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 118.01 Td (1.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 106.01 Td (Diluted earnings per common share from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 106.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 106.01 Td (2.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 106.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 106.01 Td (2.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 106.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 106.01 Td (1.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 94.01 Td (Diluted earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 94.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 94.01 Td (2.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 94.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 94.01 Td (1.96) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 94.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 94.01 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 67.25 Td (See accompanying notes to the consolidated financial statements.) 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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 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 629.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 629.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 629.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 629.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 629.35 65.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 521.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 521.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 521.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 521.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 521.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 491.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 491.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 491.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 491.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 491.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 491.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 461.35 309.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 461.35 65.00 -18.00 re f /GS0 gs 0.8 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0 J 0 j 3 M 359.5 390.35 m 424.5 390.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 407.35 m 493.5 407.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.35 m 493.5 390.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 407.35 m 562.5 407.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 390.35 m 562.5 390.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 376.35 m 424.5 376.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 374.35 m 424.5 374.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 376.35 m 493.5 376.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 374.35 m 493.5 374.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 376.35 m 562.5 376.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 374.35 m 562.5 374.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 679.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 679.60 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 /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 663.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 663.60 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 663.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.92 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 649.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 649.02 Td (87,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 649.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 649.02 Td (63,073) 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 (44,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.92 Td (Net loss from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 634.07 Td (\(9,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 634.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 634.07 Td (\(4,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 634.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 634.07 Td (\(1,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 634.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.92 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 619.02 Td (78,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 619.02 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 619.02 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.92 Td (Unrealized gains \(losses\) on available-for-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 589.92 Td (Unrealized holding gains \(losses\) on securities arising during the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 579.92 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 581.07 Td (\(3,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 581.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 581.07 Td (\(10,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 581.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.02 Td (17,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 566.92 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 566.02 Td (1,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 566.02 Td (3,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 566.07 Td (\(6,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 566.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 551.92 Td (Reclassification adjustments for losses \(gains\) on securities included in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.92 Td (net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 541.02 Td (7,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 541.02 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 541.07 Td (\(3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 541.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 526.92 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 526.07 Td (\(2,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 526.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 526.07 Td (\(32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 526.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 526.02 Td (1,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 511.92 Td (Net unrealized gains \(losses\) on available-for-sale securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 511.02 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 511.07 Td (\(6,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 511.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 511.02 Td (9,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.92 Td (Unrealized losses on cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 481.92 Td (Unrealized losses arising during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 481.07 Td (\(1,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 481.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 481.07 Td (\(2,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 481.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 481.07 Td (\(1,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 481.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 466.92 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 466.02 Td (464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 466.02 Td (998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 466.02 Td (681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 451.92 Td (Reclassification adjustment for losses included in net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 448.02 Td (1,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 448.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 448.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 433.92 Td (Income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 430.07 Td (\(730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 430.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 430.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 430.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 415.92 Td (Net unrealized losses on cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 412.02 Td (587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 412.07 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 412.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 412.07 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 412.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.92 Td (Other comprehensive income \(loss\), net of income tax effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 395.02 Td (3,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 395.07 Td (\(7,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 395.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 395.02 Td (7,996) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 381.08 Td (Comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 380.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 380.02 Td (81,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 380.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 380.02 Td (50,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 380.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 380.02 Td (51,210) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 351.85 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, 2016) 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 (2015) 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 (2014) 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 48.00 647.75 84.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 647.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.00 647.75 4.00 -21.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 515.00 647.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 647.75 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.00 606.75 84.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 132.00 606.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.00 606.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.00 606.75 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.00 606.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 606.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 606.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.00 606.75 37.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 606.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 606.75 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 606.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 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0.8 0.9333333333333333 1 rg /GS0 gs 282.00 128.75 37.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 128.75 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 128.75 43.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 128.75 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 128.75 38.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 128.75 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 128.75 62.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 128.75 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 128.75 37.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 128.75 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 128.75 44.00 -33.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132 683.75 m 181 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 683.75 m 185 683.75 l s 0 0 0 RG /GS0 gs 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3 M 282 647.75 m 319 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 647.75 m 366 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 647.75 m 408 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 647.75 m 474 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 647.75 m 515 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 647.75 m 563 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132 486.75 m 181 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 486.75 m 225 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 486.75 m 278 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 486.75 m 319 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 486.75 m 366 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 486.75 m 408 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 486.75 m 474 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 486.75 m 515 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 486.75 m 563 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132 305.75 m 181 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 305.75 m 225 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 305.75 m 278 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 305.75 m 319 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 305.75 m 366 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 305.75 m 408 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 305.75 m 474 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 305.75 m 515 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 305.75 m 563 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 305.75 m 278 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 305.75 m 319 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 305.75 m 366 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 305.75 m 408 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132 95.75 m 181 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132 74.75 m 181 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 132 72.75 m 181 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 95.75 m 225 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 74.75 m 225 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 72.75 m 225 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 95.75 m 278 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 74.75 m 278 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 72.75 m 278 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 95.75 m 319 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 74.75 m 319 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282 72.75 m 319 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 95.75 m 366 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 74.75 m 366 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 72.75 m 366 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 95.75 m 408 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 74.75 m 408 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 72.75 m 408 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 95.75 m 474 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 74.75 m 474 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 72.75 m 474 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 95.75 m 515 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 74.75 m 515 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 72.75 m 515 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 95.75 m 563 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 74.75 m 563 74.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 72.75 m 563 72.75 l s BT /F1 7.50 Tf ET q 0 0 0 rg BT 154.55 687.90 Td (Preferred Stock) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 250.05 687.90 Td (Common Stock) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 141.90 674.40 Td (Shares of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 142.05 666.90 Td (Preferred) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 147.45 659.40 Td (Stock) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 137.65 651.90 Td (Outstanding) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 190.55 659.40 Td (Preferred) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 195.95 651.90 Td (Stock) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 238.90 674.40 Td (Shares of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 239.00 666.90 Td (Common) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 244.45 659.40 Td (Stock ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 234.65 651.90 Td (Outstanding) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 286.00 659.40 Td (Common) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 291.45 651.90 Td (Stock) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 327.95 666.90 Td (Additional) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 333.45 659.40 Td (Paid in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 333.15 651.90 Td (Capital) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 375.15 659.40 Td (Retained) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 375.15 651.90 Td (Earnings) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 422.50 674.40 Td (Accumulated) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 433.95 666.90 Td (Other) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 418.95 659.40 Td (Comprehensive) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 420.70 651.90 Td (Income \(Loss\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 482.80 659.40 Td (T) Tj ET Q q 0 0 0 rg BT 487.12 659.40 Td (reasury) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 487.45 651.90 Td (Stock) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 532.80 651.90 Td (Total) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 638.37 Td (Balance, December 31,) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 630.87 Td (2013) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 630.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 187.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 630.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 241.25 630.90 Td (24,224,151) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 284.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 295.35 630.90 Td (24,756) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 325.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 338.60 630.90 Td (307,231) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 372.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 384.35 630.90 Td (71,008) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 414.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 451.60 630.90 Td (\(8,118) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 471.00 630.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 480.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 492.60 630.90 Td (\(8,254) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 512.00 630.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 521.50 630.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.60 630.90 Td (386,623) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 619.05 Td (Net income from ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 611.55 Td (continuing operations) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 384.35 610.90 Td (44,532) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 610.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 539.35 610.90 Td (44,532) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 599.05 Td (Net loss from ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 591.55 Td (discontinued operations) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 385.60 589.90 Td (\(1,318) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.00 589.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 589.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 589.90 Td (\(1,318) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 589.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 578.05 Td (Other comprehensive ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 570.55 Td (income) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 454.10 569.90 Td (7,996) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 569.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 569.90 Td (7,996) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 558.05 Td (Stock dividend) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 556.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 556.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 245.00 556.90 Td (2,429,375) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 299.10 556.90 Td (2,429) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 342.35 556.90 Td (43,364) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 381.85 556.90 Td (\(45,801) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.00 556.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 556.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 556.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 553.75 556.90 Td (\(8) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 556.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 545.05 Td (Share-based ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 537.55 Td (compensation expense) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 346.10 536.90 Td (4,209) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 536.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 536.90 Td (4,209) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 525.05 Td (Exercise of warrants) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 523.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 523.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 263.75 523.90 Td (546) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 312.25 523.90 Td (1) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 359.25 523.90 Td (5) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 523.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 523.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 523.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 556.25 523.90 Td (6) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 512.05 Td (Issuance of common ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 504.55 Td (stock under share-based-) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 497.05 Td (compensation ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 489.55 Td (arrangements) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 490.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 490.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 254.35 490.90 Td (91,457) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 490.90 Td (92) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 346.10 490.90 Td (1,013) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 490.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 490.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 490.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 490.90 Td (1,105) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 477.37 Td (Balance, December 31,) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 469.87 Td (2014) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 469.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 469.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 241.25 469.90 Td (26,745,529) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 295.35 469.90 Td (27,278) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 338.60 469.90 Td (355,822) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 384.35 469.90 Td (68,421) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 457.25 469.90 Td (\(122) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 471.00 469.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 492.60 469.90 Td (\(8,254) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 512.00 469.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.60 469.90 Td (443,145) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 458.05 Td (Net income from ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 450.55 Td (continuing operations) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 384.35 448.90 Td (63,073) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 448.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 539.35 448.90 Td (63,073) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 437.05 Td (Net loss from ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 429.55 Td (discontinued operations) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 385.60 426.90 Td (\(4,490) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.00 426.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 426.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 426.90 Td (\(4,490) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 426.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 415.05 Td (Other comprehensive loss) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 451.60 413.90 Td (\(7,862) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 471.00 413.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 413.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 413.90 Td (\(7,862) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 413.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 402.05 Td (Issuance of preferred ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 394.55 Td (stock, net of of) Tj ET Q q 0 0 0 rg BT 95.35 394.55 Td (fering ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 387.05 Td (costs of $1,931) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 148.00 388.90 Td (2,300,000) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 201.35 388.90 Td (55,569) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 388.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 388.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 388.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 388.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 388.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 388.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 539.35 388.90 Td (55,569) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 377.05 Td (Preferred stock dividends) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 385.60 375.90 Td (\(2,493) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.00 375.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 375.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 375.90 Td (\(2,493) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 375.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 364.05 Td (Share-based ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 356.55 Td (compensation expense) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 346.10 355.90 Td (4,862) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 355.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 355.90 Td (4,862) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 344.05 Td (Exercise of warrants) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 342.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 342.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 258.10 342.90 Td (7,611) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 312.25 342.90 Td (8) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 342.90 Td (90) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 342.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 342.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 342.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 552.50 342.90 Td (98) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 331.05 Td (Issuance of common ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 323.55 Td (stock under share-based-) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 316.05 Td (compensation ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 308.55 Td (arrangements) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 309.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 309.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 250.60 309.90 Td (148,661) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 304.75 309.90 Td (146) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 346.10 309.90 Td (1,833) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 309.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 309.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 309.90 Td (21) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 309.90 Td (2,000) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 296.37 Td (Balance, December 31,) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 288.87 Td (2015) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 148.00 288.90 Td (2,300,000) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 201.35 288.90 Td (55,569) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 241.25 288.90 Td (26,901,801) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 295.35 288.90 Td (27,432) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 338.60 288.90 Td (362,607) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.60 288.90 Td (124,511) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 451.60 288.90 Td (\(7,984) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 471.00 288.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 492.60 288.90 Td (\(8,233) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 512.00 288.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.60 288.90 Td (553,902) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 277.05 Td (Net income from ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 269.55 Td (continuing operations) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 384.35 267.90 Td (87,707) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 267.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 539.35 267.90 Td (87,707) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 256.05 Td (Net loss from ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 248.55 Td (discontinued operations) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 385.60 247.90 Td (\(9,005) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.00 247.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 247.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 247.90 Td (\(9,005) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 247.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 236.05 Td (Other comprehensive ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 228.55 Td (income) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 454.10 227.90 Td (3,092) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 227.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 227.90 Td (3,092) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 216.05 Td (Issuance of common ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 208.55 Td (stock, net of of) Tj ET Q q 0 0 0 rg BT 95.35 208.55 Td (fering ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 201.05 Td (costs of $2,238) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 245.00 200.90 Td (2,641,677) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 299.10 200.90 Td (2,642) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 342.35 200.90 Td (61,389) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 539.35 200.90 Td (64,031) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 189.05 Td (Issuance of preferred ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 181.55 Td (stock, net of of) Tj ET Q q 0 0 0 rg BT 95.35 181.55 Td (fering ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 174.05 Td (costs of $5,598) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 148.00 175.90 Td (6,700,000) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 197.60 175.90 Td (161,902) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 175.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 175.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 175.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 175.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 175.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 175.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.60 175.90 Td (161,902) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 164.05 Td (Preferred stock dividends) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 385.60 162.90 Td (\(9,515) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.00 162.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 162.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 162.90 Td (\(9,515) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 162.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 151.05 Td (Share-based ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 143.60 Td (compensation expense) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 308.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 346.10 145.90 Td (6,189) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 145.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 145.90 Td (6,189) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 134.05 Td (Exercise of warrants) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 132.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 132.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 250.60 132.90 Td (345,414) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 304.75 132.90 Td (345) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 346.10 132.90 Td (1,186) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 132.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 132.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 132.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 543.10 132.90 Td (1,531) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 121.05 Td (Issuance of common ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 113.55 Td (stock under share-based-) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 106.05 Td (compensation ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 50.50 98.55 Td (arrangements) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 170.50 99.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 214.50 99.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 250.60 99.90 Td (401,025) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 304.75 99.90 Td (401) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 343.60 99.90 Td (\(4,363) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 363.00 99.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 397.50 99.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.50 99.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 504.50 99.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 540.60 99.90 Td (\(3,962) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 560.00 99.90 Td (\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 85.37 Td (Balance, December 31,) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 50.50 77.87 Td (2016) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 148.00 77.90 Td (9,000,000) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 187.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 197.60 77.90 Td (217,471) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 241.25 77.90 Td (30,289,917) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 284.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 295.35 77.90 Td (30,820) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 325.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 338.60 77.90 Td (427,008) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 372.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.60 77.90 Td (193,698) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 414.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 451.60 77.90 Td (\(4,892) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 471.00 77.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 480.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 492.60 77.90 Td (\(8,233) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 512.00 77.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 521.50 77.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.60 77.90 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 50.25 Td (See accompanying notes to the consolidated financial statements.) 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 20.10 Td (103) 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 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[] 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 359 472.75 m 424 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 472.75 m 493 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 472.75 m 562 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 311.75 m 424 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 311.75 m 493 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 311.75 m 562 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 80.75 m 562 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 69.75 m 424 69.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 69.75 m 493 69.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 69.75 m 562 69.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 58.75 m 424 58.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 56.75 m 424 56.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 58.75 m 493 58.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 56.75 m 493 56.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 58.75 m 562 58.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 56.75 m 562 56.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 706.00 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 411.10 705.80 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 /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 693.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.00 693.00 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 693.00 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 680.83 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 99.91 680.83 Td (om Operating ) Tj ET Q q 0 0 0 rg BT 149.24 680.83 Td (Activities of Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 669.70 Td (Net income from continuing operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 669.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 669.70 Td (87,707) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 669.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 669.70 Td (63,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 669.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 669.70 Td (44,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 657.70 Td (Adjustments to reconcile net income to net cash \(used in\) provided by operating activities of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 649.75 Td (continuing operations:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 640.70 Td (Provision for loan losses, net of change to FDIC receivable and clawback liability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 640.70 Td (2,345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 640.70 Td (20,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 640.70 Td (14,747) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 629.70 Td (Provision for depreciation and amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 629.70 Td (3,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 629.70 Td (3,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 629.70 Td (3,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 618.70 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 618.70 Td (6,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 618.70 Td (5,547) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 618.70 Td (5,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 607.70 Td (Deferred taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 607.70 Td (\(2,579) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 607.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 607.70 Td (\(10,092) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 607.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 607.70 Td (\(6,187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 607.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 596.70 Td (Net amortization of investment securities premiums and discounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 596.70 Td (891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 596.70 Td (858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 596.70 Td (821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 585.70 Td (Loss \(gain\) on sale of investment securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 585.70 Td (7,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 585.70 Td (85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 585.70 Td (\(3,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 585.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 574.70 Td (Gain on sale of mortgages and other loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 574.70 Td (\(3,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 574.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 574.70 Td (\(4,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 574.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 574.70 Td (\(5,344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 574.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 563.70 Td (Origination of loans held for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.10 563.70 Td (\(36,130,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 563.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.10 563.70 Td (\(29,925,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 563.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.10 563.70 Td (\(18,138,339) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 563.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 552.70 Td (Proceeds from the sale of loans held for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.75 552.70 Td (35,772,081) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 552.70 Td (29,504,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.75 552.70 Td (17,553,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 541.70 Td (Increase in FDIC loss sharing receivable net of clawback liability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 541.70 Td (255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 541.70 Td (\(2,430) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 541.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 541.70 Td (\(2,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 541.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 530.70 Td (Amortization \(accretion\) of fair value discounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 530.70 Td (405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 530.70 Td (832) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 530.70 Td (\(273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 530.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 519.70 Td (Net loss on sales of other real estate owned) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 519.70 Td (130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 519.70 Td (761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 519.70 Td (966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 508.70 Td (Valuation and other adjustments to other real estate owned, net of FDIC receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 508.70 Td (1,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 508.70 Td (992) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 508.70 Td (1,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 497.70 Td (Earnings on investment in bank-owned life insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 497.70 Td (\(4,736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 497.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 497.70 Td (\(7,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 497.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 497.70 Td (\(3,702) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 497.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 486.70 Td (Increase in accrued interest receivable and other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 486.70 Td (\(9,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 486.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 486.70 Td (\(12,021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 486.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 486.70 Td (\(15,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 486.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 475.70 Td (Increase in accrued interest payable and other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 475.70 Td (6,278) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 475.70 Td (8,635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 475.70 Td (9,606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 464.83 Td (Net Cash Used in Operating ) Tj ET Q q 0 0 0 rg BT 150.06 464.83 Td (Activities of Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 464.70 Td (\(263,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 464.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 464.70 Td (\(352,697) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 464.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 464.70 Td (\(539,988) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 464.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 453.83 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 99.91 453.83 Td (om Investing ) Tj ET Q q 0 0 0 rg BT 145.70 453.83 Td (Activities of Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 442.70 Td (Purchases of investment securities available for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 442.70 Td (\(5,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 442.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 442.70 Td (\(231,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 442.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 442.70 Td (\(164,940) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 442.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 431.70 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 52.50 423.75 Td (for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 426.00 Td (64,701) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 426.00 Td (76,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 426.00 Td (49,195) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 413.70 Td (Proceeds from sales of investment securities available for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 413.70 Td (2,852) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 413.70 Td (806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 413.70 Td (213,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 402.70 Td (Net increase in loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 402.70 Td (\(783,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 402.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 402.70 Td (\(1,341,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 402.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 402.70 Td (\(1,814,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 402.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 391.70 Td (Purchase of loan portfolios) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 391.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 391.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 391.70 Td (\(309,927) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 391.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 380.70 Td (Proceeds from sale of loans held for investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 380.70 Td (133,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 380.70 Td (248,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 380.70 Td (162,724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 369.70 Td (Net purchases of bank-owned life insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 369.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 369.70 Td (\(15,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 369.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 369.70 Td (\(30,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 369.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 358.70 Td (Proceeds from bank-owned life insurance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 358.70 Td (619) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 358.70 Td (3,384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 358.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 347.70 Td (Net proceeds from \(purchases of\) FHLB, Federal Reserve Bank, and other restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 347.70 Td (22,433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 347.70 Td (\(8,839) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 347.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 347.70 Td (\(39,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 347.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 336.70 Td (\(Payments to\) reimbursements from the FDIC on loss sharing agreements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 336.70 Td (\(2,049) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 336.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 336.70 Td (3,917) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 336.70 Td (5,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 325.70 Td (Purchases of bank premises and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 325.70 Td (\(5,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 325.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 325.70 Td (\(1,836) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 325.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 325.70 Td (\(1,270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 325.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 314.70 Td (Proceeds from sales of other real estate owned) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 314.70 Td (1,051) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 314.70 Td (8,890) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 314.70 Td (7,991) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 303.83 Td (Net Cash Used in Investing ) Tj ET Q q 0 0 0 rg BT 146.52 303.83 Td (Activities of Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 303.70 Td (\(570,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 303.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 303.70 Td (\(1,257,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 303.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 303.70 Td (\(1,921,892) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 303.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 292.83 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 99.91 292.83 Td (om Financing ) Tj ET Q q 0 0 0 rg BT 148.36 292.83 Td (Activities of Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 281.70 Td (Net increase in deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.80 281.70 Td (1,184,549) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 281.70 Td (1,366,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 281.70 Td (1,573,167) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 270.70 Td (Net \(decrease\) increase in short-term borrowed funds from the FHLB) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 270.70 Td (\(831,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 270.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 270.70 Td (\(17,700) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 270.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 270.70 Td (633,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 259.70 Td (Net increase in federal funds purchased) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 259.70 Td (13,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 259.70 Td (70,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 259.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 248.70 Td (Proceeds from long-term FHLB borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 248.70 Td (75,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 248.70 Td (25,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 248.70 Td (265,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 237.70 Td (Proceeds from issuance of long-term debt, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 237.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 237.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 237.70 Td (133,142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 226.70 Td (Repayment of subordinated debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 226.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 226.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 226.70 Td (\(2,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 226.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 215.70 Td (Net proceeds from issuance of preferred stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 215.70 Td (161,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 215.70 Td (55,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 215.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 204.70 Td (Preferred stock dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.10 204.70 Td (\(9,051) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 204.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 204.70 Td (\(2,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 204.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 204.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 193.70 Td (Exercise and redemption of warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.80 193.70 Td (1,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 193.70 Td (98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 193.70 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 182.70 Td (Purchase of treasury stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 182.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 182.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 182.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 171.70 Td (Net proceeds from issuance of common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 171.70 Td (65,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 171.70 Td (806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 171.70 Td (77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 160.83 Td (Net Cash Pr) Tj ET Q q 0 0 0 rg BT 94.13 160.83 Td (ovided by Financing ) Tj ET Q q 0 0 0 rg BT 165.04 160.83 Td (Activities of Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 160.70 Td (660,520) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 160.70 Td (1,497,698) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 160.70 Td (2,602,892) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 149.83 Td (Net \(Decr) Tj ET Q q 0 0 0 rg BT 85.44 149.83 Td (ease\) Incr) Tj ET Q q 0 0 0 rg BT 118.84 149.83 Td (ease in Cash and Cash Equivalents fr) Tj ET Q q 0 0 0 rg BT 245.83 149.83 Td (om Continuing Operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.10 149.70 Td (\(173,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 149.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 149.70 Td (\(112,337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 149.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 149.70 Td (141,012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 138.83 Td (Discontinued Operations:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 127.83 Td (Net cash used in operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 127.70 Td (\(27,419) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 127.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 127.70 Td (\(3,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 127.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 127.70 Td (\(2,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 127.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 116.83 Td (Net cash used in investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 116.70 Td (\(28,973) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 116.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 116.70 Td (\(888) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 116.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.10 116.70 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 116.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 105.83 Td (Net cash pr) Tj ET Q q 0 0 0 rg BT 91.46 105.83 Td (ovided by financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 105.70 Td (209,727) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 105.70 Td (10,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 105.70 Td (\(519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 105.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 94.83 Td (Net cash flows pr) Tj ET Q q 0 0 0 rg BT 111.24 94.83 Td (ovided by \(Used In\) discontinued operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 94.70 Td (153,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 94.70 Td (5,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 94.70 Td (\(3,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 94.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 83.83 Td (Net \(Decr) Tj ET Q q 0 0 0 rg BT 85.44 83.83 Td (ease\) Incr) Tj ET Q q 0 0 0 rg BT 118.84 83.83 Td (ease in Cash and Cash Equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.10 83.70 Td (\(19,884) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.80 83.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 83.70 Td (\(106,430) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 83.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 83.70 Td (137,955) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 72.83 Td (Cash and Cash Equivalents Beginning) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 72.70 Td (264,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 72.70 Td (371,023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 72.70 Td (233,068) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 61.83 Td (Cash and Cash Equivalents Ending) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 61.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.80 61.70 Td (244,709) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 61.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 61.70 Td (264,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 61.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 61.70 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.50 46.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 46.25 Td (\(continued\)) 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 20.10 Td (104) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 738.50 Td (CUST) Tj ET Q q 0 0 0 rg BT 75.99 738.50 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 163.69 738.50 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.47 738.50 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.50 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 109.32 726.50 Td (TED ST) Tj ET Q q 0 0 0 rg BT 143.88 726.50 Td (A) Tj ET Q q 0 0 0 rg BT 150.35 726.50 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 215.27 726.50 Td ( CASH FLOWS \(continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.50 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 704.90 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 668.40 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 668.40 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 668.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 668.40 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 668.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 668.40 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 643.40 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 643.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 643.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 643.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 643.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 643.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 618.40 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 618.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 618.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 618.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 618.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 618.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 594.40 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 594.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 594.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 594.40 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 594.40 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 594.40 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 359 681.4 m 424 681.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 681.4 m 428 681.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 681.4 m 493 681.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 681.4 m 497 681.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 681.4 m 562 681.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 668.4 m 424 668.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 668.4 m 493 668.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 668.4 m 562 668.4 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 685.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.10 685.65 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 672.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 672.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.00 672.65 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 672.65 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 660.48 Td (Supplementary Cash Flow Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 647.35 Td (Interest paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 647.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 647.35 Td (71,216) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 647.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 647.35 Td (51,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 647.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 647.35 Td (37,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 635.35 Td (Income taxes paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 635.35 Td (57,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 635.35 Td (38,734) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 635.35 Td (29,843) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 623.48 Td (Non-cash Items:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 610.35 Td (Transfer of loans to other real estate owned) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 610.35 Td (703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 610.35 Td (3,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 610.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 610.35 Td (14,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 598.35 Td (Transfer of loans from held for investment to held for sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.80 598.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 598.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 598.35 Td (164,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 586.35 Td (Transfer of loans from held for sale to held for investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.80 586.35 Td (25,118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 586.35 Td (30,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 586.35 Td (18,826) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 558.90 Td (See accompanying notes to the consolidated financial statements.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 76.49 742.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 164.19 742.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.97 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 86.22 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 92.71 730.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 162.81 730.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 241.99 730.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 255.98 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 262.46 730.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (NOTE 1 DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 181.31 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.63 712.25 Td (THE BUSINESS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers Bancorp, Inc. \(the Bancorp or Customers Bancorp\) is a bank holding company engaged in banking activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (through its wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 195.45 682.25 Td (, Customers Bank \(the Bank\), collectively referred to as Customers herein. ) Tj ET Q q 0 0 0 rg BT 516.55 682.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (States \(U.S. GAAP\) and pursuant to the rules and regulations of the Securities and Exchange Commission \(SEC\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Customers Bancorp, Inc. and its wholly owned subsidiaries, Customers Bank, and non-bank subsidiaries, serve residents and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (businesses in Southeastern Pennsylvania \(Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 306.79 622.25 Td (, Philadelphia and Delaware Counties\); R) Tj ET Q q 0 0 0 rg BT 472.46 622.25 Td (ye, New ) Tj ET Q q 0 0 0 rg BT 507.91 622.25 Td (Y) Tj ET Q q 0 0 0 rg BT 514.13 622.25 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (\(W) Tj ET Q q 0 0 0 rg BT 61.97 610.25 Td (estchester County\); Hamilton, New Jersey \(Mercer County\); Boston, Massachusetts; Providence, Rhode Island; Portsmouth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (New Hampshire \(Rockingham County\); Manhattan, New ) Tj ET Q q 0 0 0 rg BT 281.52 598.25 Td (Y) Tj ET Q q 0 0 0 rg BT 287.74 598.25 Td (ork; and nationally for certain loan and deposit products. ) Tj ET Q q 0 0 0 rg BT 519.44 598.25 Td (The Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.83 586.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 586.25 Td ( full-service branches and provides commercial banking products, primarily loans and deposits.Customers Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (administratively supports loan and other financial products to customers through its limited purpose of) Tj ET Q q 0 0 0 rg BT 460.02 574.25 Td (fices in Boston, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Massachusetts, Providence, Rhode Island, Portsmouth, New Hampshire, Manhattan and Melville, New ) Tj ET Q q 0 0 0 rg BT 464.27 562.25 Td (Y) Tj ET Q q 0 0 0 rg BT 470.49 562.25 Td (ork and Philadelphia, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 108.14 550.25 Td (The Bank also provides liquidity to residential mortgage originators nationwide through commercial loans to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (mortgage companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 52.32 514.25 Td (Through BankMobile, a division of Customers Bank, Customers of) Tj ET Q q 0 0 0 rg BT 321.56 514.25 Td (fers state of the art high tech digital banking services to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (consumers, students, and the "under banked" nationwide. ) Tj ET Q q 0 0 0 rg BT 283.76 502.25 Td (The combination of the BankMobile technology software platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (with the OneAccount Student Checking and Refund Management Disbursement Services business \(the "Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (business"\) acquired from Higher One Holdings, Inc. and Higher One, Inc. \(together) Tj ET Q q 0 0 0 rg BT 383.86 478.25 Td (, "Higher One"\) propelled BankMobile to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (one of the lar) Tj ET Q q 0 0 0 rg BT 102.85 466.25 Td (gest mobile banking services in the United States by number of customers. Customers has announced its intent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (sell BankMobile and anticipates the sale to close in 2017. ) Tj ET Q q 0 0 0 rg BT 284.39 454.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 333.73 454.25 Td (, BankMobile has been classified as "held for sale" on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (the consolidated balance sheets and BankMobile's operating results and associated cash flows have been presented as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (discontinued operations in the consolidated financial statements, see NOTE 3 - DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 476.86 430.25 Td (TIONS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Customers Bank is subject to regulation of the Pennsylvania Department of Banking and Securities and the Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Bank and is periodically examined by those regulatory authorities. Customers Bancorp has made certain equity investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (through its wholly owned subsidiaries CB Green ) Tj ET Q q 0 0 0 rg BT 247.30 382.25 Td (V) Tj ET Q q 0 0 0 rg BT 253.41 382.25 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 385.15 382.25 Td (V) Tj ET Q q 0 0 0 rg BT 391.26 382.25 Td (entures Pte Ltd. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (NOTE 2 ) Tj ET Q q 0 0 0 rg BT 95.29 358.25 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 165.59 358.25 Td (ACTIVITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (On June15, 2016, Customers completed the acquisition of substantially all the assets and the assumption of certain liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (the Disbursement business from Higher One. ) Tj ET Q q 0 0 0 rg BT 232.84 322.25 Td (The acquisition was completed pursuant to the terms of an ) Tj ET Q q 0 0 0 rg BT 468.34 322.25 Td (Asset Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Agreement \(the "Purchase ) Tj ET Q q 0 0 0 rg BT 157.10 310.25 Td (Agreement"\) dated as of December 15, 2015 between Customers and Higher One. Under the terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (of the Purchase ) Tj ET Q q 0 0 0 rg BT 113.59 298.25 Td (Agreement, Customers also acquired all existing relationships with vendors and educational institutions, and all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (intellectual property and assumed normal business related liabilities. In conjunction with the acquisition, Customers hired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 274.25 Td (225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.26 274.25 Td ( Higher One employees primarily located in New Haven, Connecticut that manage the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (business and serve the Disbursement business customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (The transaction contemplates aggregate guaranteed payments to Higher One of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.76 238.25 Td ($42 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.16 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 422.48 238.25 Td (The aggregate purchase price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (payable by Customers is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.54 226.25 Td ($37 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.93 226.25 Td ( in cash, with the payments to be made as follows: \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.72 226.25 Td (17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.11 226.25 Td ( in cash paid upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (closing of the acquisition, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.53 214.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.92 214.25 Td ( in cash to be paid upon the first anniversary of the closing and \(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.24 214.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.63 214.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (cash to be paid upon the second anniversary of the closing. In addition, concurrently with the closing, the parties entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 190.25 Td (ransition Services ) Tj ET Q q 0 0 0 rg BT 129.08 190.25 Td (Agreement pursuant to which Higher One will provide certain transition services to Customers through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (June 30, 2017. ) Tj ET Q q 0 0 0 rg BT 112.78 178.25 Td (As consideration for these services, Customers will pay Higher One an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.31 178.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.70 178.25 Td ( in cash. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (also will be required to make additional payments to Higher One if, during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.31 166.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.29 166.25 Td ( years following the closing, revenues from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (the Disbursement business exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.41 154.25 Td ($75 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.80 154.25 Td ( in a year) Tj ET Q q 0 0 0 rg BT 272.17 154.25 Td (. ) Tj ET Q q 0 0 0 rg BT 276.99 154.25 Td (The possible payment will be equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.68 154.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.01 154.25 Td ( of the amount the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Disbursement business related revenue exceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.43 142.25 Td ($75 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.82 142.25 Td ( in each year) Tj ET Q q 0 0 0 rg BT 339.07 142.25 Td (. ) Tj ET Q q 0 0 0 rg BT 346.02 142.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.46 142.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.05 142.25 Td (, Customers has not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (recorded a liability for any additional contingent consideration payable under the Purchase ) Tj ET Q q 0 0 0 rg BT 414.32 130.25 Td (Agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (As specified in the Purchase ) Tj ET Q q 0 0 0 rg BT 165.25 106.25 Td (Agreement, the payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 106.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.44 106.25 Td ( payable to Higher One upon each of the first and second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (anniversary of the transaction closing were placed into an escrow account with a third party) Tj ET Q q 0 0 0 rg BT 415.88 94.25 Td (. ) Tj ET Q q 0 0 0 rg BT 423.20 94.25 Td (The escrow account with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.94 94.25 Td ($20.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 82.25 Td ( in aggregate restricted cash and the corresponding obligation to pay Higher One pursuant to the terms of the Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Agreement have been assigned to BankMobile and are presented in "Assets held for sale" and "Liabilities held for sale" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 58.25 Td ( consolidated balance sheets. For more information regarding Customers' plans for BankMobile and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (presentation of BankMobile within the consolidated financial statements, see NOTE 3 - DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 511.58 46.25 Td (TIONS.) 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 671.6 m 458 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 671.6 m 558 671.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 581.6 m 458 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 581.6 m 558 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 506.6 m 458 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 506.6 m 558 506.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.35 691.06 Td (June 15, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.50 675.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 676.06 Td (Preliminary) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.25 676.06 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.50 661.05 Td (Fair value of assets acquired:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 646.06 Td (Developed software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 646.27 Td (27,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 646.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 646.27 Td (27,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 631.06 Td (Other intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 631.27 Td (9,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 631.27 Td (9,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 616.06 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 616.27 Td (2,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 616.27 Td (2,784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 601.06 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 601.27 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 601.27 Td (418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 586.06 Td (Fixed assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 586.27 Td (229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 586.27 Td (229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 571.06 Td (T) Tj ET Q q 0 0 0 rg BT 66.37 571.06 Td (otal assets acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 571.27 Td (40,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 571.27 Td (40,131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 55.50 541.05 Td (Fair value of liabilities assumed:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 526.06 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 526.27 Td (5,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 526.27 Td (5,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 55.50 511.06 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 511.27 Td (2,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 511.27 Td (2,655) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 496.06 Td (T) Tj ET Q q 0 0 0 rg BT 66.37 496.06 Td (otal liabilities assumed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 496.27 Td (8,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 496.27 Td (8,390) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 466.06 Td (Net assets acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 466.27 Td (32,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 466.27 Td (31,741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 436.06 Td (T) Tj ET Q q 0 0 0 rg BT 66.68 436.06 Td (ransaction cash consideration \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 436.27 Td (37,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 436.27 Td (37,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 61.50 406.06 Td (Goodwill recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 406.27 Td (4,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 406.27 Td (5,259) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (\(1\) Includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 372.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.93 372.10 Td ( payable to Higher One upon each of the first and second anniversary of the transaction closing, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (has been placed into an escrow account with a third party \(aggregate amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.88 360.10 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.27 360.10 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (The assets acquired and liabilities assumed were initially presented at their estimated fair values based on a preliminary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (allocation of the purchase price. In many cases, the determination of these fair values required management to make estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (about discount rates, future expected cash flows, market conditions and other future events that were highly subjective and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (subject to change. ) Tj ET Q q 0 0 0 rg BT 126.74 300.10 Td (The fair value estimates were considered preliminary and subject to change for up to one year after the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (closing date of the acquisition as additional information became available. Based on a preliminary purchase price allocation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (Customers recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.75 276.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.65 276.10 Td ( in goodwill as a result of the acquisition. ) Tj ET Q q 0 0 0 rg BT 348.84 276.10 Td (At December 31, 2016, Customers recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (adjustments to the estimated fair values of prepaid expenses and other liabilities, which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.94 264.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.83 264.10 Td ( increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 92.88 252.10 Td (The adjusted amount of goodwill of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.96 252.10 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.85 252.10 Td ( reflects the excess purchase price over the estimated fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (the net assets acquired. ) Tj ET Q q 0 0 0 rg BT 144.51 240.10 Td (The goodwill recorded is deductible for tax purposes. Customers does not anticipate any additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (adjustments to the purchase price allocation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (The fair value for the developed software was estimated based on expected revenue attributable to the software utilizing a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (discounted cash flow methodology giving consideration to potential obsolescence. ) Tj ET Q q 0 0 0 rg BT 384.47 192.10 Td (The developed software was being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (amortized over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.75 180.10 Td (ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.56 180.10 Td ( based on the estimated economic benefits received. ) Tj ET Q q 0 0 0 rg BT 361.08 180.10 Td (The fair values for the other intangible assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (represent the value of existing student and university relationships and a non-compete agreement with Higher One based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (estimated retention rates and discounted cash flows. Other intangible assets were being amortized over an estimated life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.99 144.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.65 144.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 144.10 Td (twenty years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.24 144.10 Td (. Because BankMobile has been classified as held for sale at December 31, 2016, these assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (are reported at the lower of cost or market on the consolidated balance sheet and are no longer being amortized. ) Tj ET Q q 0 0 0 rg BT 503.43 132.10 Td (At December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (31, 2016, Customers estimated the fair values of these assets to be higher than their amortized cost basis. ) Tj ET Q q 0 0 0 rg BT 473.79 120.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 523.13 120.10 Td (, a lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (of cost or fair value adjustment was not recorded in fourth quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (In connection with the Disbursement business acquisition, Customers incurred acquisition related expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.12 78.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.02 78.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.80 66.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.38 66.10 Td (, related predominantly to professional services. ) Tj ET Q q 0 0 0 rg BT 386.09 66.10 Td (These expenses are presented in "Net loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (from discontinued operations" on the consolidated statements of income. ) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 3 DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 210.39 742.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (In the third quarter 2016, Customers announced its intent to sell BankMobile and anticipates a sale to close within one year) Tj ET Q q 0 0 0 rg BT 542.38 718.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Because BankMobile met the criteria to be classified as held for sale at December 31, 2016, the assets and liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (BankMobile have been presented as "Assets held for sale" and "Liabilities held for sale" on the consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (December 31, 2016 and 2015. BankMobile's operating results and associated cash flows have been presented as "Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (operations" within the accompanying consolidated financial statements and prior period amounts have been reclassified to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (conform with the current period presentation. BankMobile will continue to be presented as "Discontinued operations" until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (completion of the sale or at such time that BankMobile no longer meets the held-for) Tj ET Q q 0 0 0 rg BT 385.82 646.25 Td (-sale criteria. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td ( ) Tj ET Q /GS0 gs q 2.50 0 0 10.09 52.50 632.09 cm /I29 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (The following summarized financial information related to BankMobile has been segregated from continuing operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (reported as discontinued operations for the periods presented. ) Tj ET Q q 0 0 0 rg BT 300.85 610.25 Td (The amounts presented below exclude the ef) Tj ET Q q 0 0 0 rg BT 478.94 610.25 Td (fect of internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (allocations made by management when assessing the performance of the BankMobile operating segment. For more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (information on the BankMobile operating segment, see NOTE 25 - BUSINESS SEGMENTS.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.75 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 539.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 539.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 539.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 539.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 539.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.75 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 515.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 515.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 515.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 515.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 515.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 491.75 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 491.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 491.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 491.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 491.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 491.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.75 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 467.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 467.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 467.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 467.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 467.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.75 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 443.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 443.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 443.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 443.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 443.75 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 357.5 551.75 m 422.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 551.75 m 426.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 551.75 m 491.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 551.75 m 495.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 551.75 m 560.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 539.75 m 422.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 539.75 m 491.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 539.75 m 560.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 503.75 m 422.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 503.75 m 491.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 503.75 m 560.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 455.75 m 422.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 455.75 m 491.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 455.75 m 560.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 431.75 m 422.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 420.75 m 422.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 418.75 m 422.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 431.75 m 491.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 420.75 m 491.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 418.75 m 491.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 431.75 m 560.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 420.75 m 560.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 418.75 m 560.5 418.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 555.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.60 555.01 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 543.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.50 543.01 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 543.01 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 543.01 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 531.01 Td (Discontinued operations:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 519.01 Td (Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 519.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 519.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 519.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 519.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 519.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 519.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 507.01 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.00 507.01 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 507.01 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 507.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 495.01 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 495.01 Td (\(19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 495.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 495.01 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 495.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 495.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 483.01 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 483.01 Td (696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 483.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 483.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 471.01 Td (Non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 471.01 Td (33,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 471.01 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 471.01 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 459.01 Td (Non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 459.01 Td (47,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 459.01 Td (7,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 459.01 Td (2,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 447.01 Td (Loss from discontinued operations before income tax benefit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 447.01 Td (\(14,524) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 447.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 447.01 Td (\(7,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 447.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 447.01 Td (\(2,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 447.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 435.01 Td (Income tax benefit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 435.01 Td (\(5,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 435.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 435.01 Td (\(2,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 435.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 435.01 Td (\(808) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 435.01 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 423.15 Td ( Net loss from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 423.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 423.01 Td (\(9,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 423.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 423.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 423.01 Td (\(4,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 423.01 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 423.01 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 423.01 Td (\(1,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 423.01 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (The assets and liabilities held for sale on the consolidated balance sheets as of December 31, 2016 and 2015 were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 346.75 376.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 346.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 346.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 346.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.75 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 319.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 319.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.75 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 289.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 289.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.75 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 259.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 259.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.75 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 229.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 229.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.75 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 199.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 199.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 199.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 169.75 376.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 169.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 169.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 169.75 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 426.5 360.75 m 491.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 360.75 m 495.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 360.75 m 560.5 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 346.75 m 491.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 346.75 m 560.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 259.75 m 491.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 259.75 m 560.5 259.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 245.75 m 491.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 243.75 m 491.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 245.75 m 560.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 243.75 m 560.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 184.75 m 491.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 184.75 m 560.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 154.75 m 491.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 140.75 m 491.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 138.75 m 491.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 154.75 m 560.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 140.75 m 560.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 138.75 m 560.5 138.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 365.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 365.01 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 351.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 351.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 351.21 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.20 338.15 Td (ASSETS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 326.01 Td (Restricted cash \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 324.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 324.21 Td (20,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 324.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 324.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 311.01 Td (Loans receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 309.21 Td (12,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 309.21 Td (584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 296.01 Td (Bank premises and equipment, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 294.21 Td (510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 294.21 Td (385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 281.01 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 279.21 Td (13,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 279.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 266.01 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 264.21 Td (32,531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 264.21 Td (1,711) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 83.00 251.15 Td (Assets held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 249.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 249.21 Td (79,271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 249.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 249.21 Td (2,680) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.20 236.15 Td (LIABILITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 221.01 Td (Deposits:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 206.01 Td (Demand, non-interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 204.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 204.21 Td (453,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 204.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 204.21 Td (244,805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 191.01 Td (Interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 189.21 Td (3,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 189.21 Td (2,263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 176.01 Td (Total deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 174.21 Td (456,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 174.21 Td (247,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 161.01 Td (Accrued expenses and other liabilities \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 159.21 Td (28,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 159.21 Td (71) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 83.00 146.15 Td (Liabilities held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 144.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 144.21 Td (484,797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 144.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 144.21 Td (247,139) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (\(1\) Includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 116.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.93 116.25 Td ( payable to Higher One upon each of the first and second anniversary of the transaction closing, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (has been placed into an escrow account with a third party \(aggregate amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.88 104.25 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.27 104.25 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (At December 31, 2016, Customers anticipates that cash, securities or loans \(or a combination thereof\) with a market value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (equal to the amount of BankMobile deposits outstanding at the time the anticipated sale closes will be included in the net assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.25 Td (transferred pursuant to the terms of the contemplated purchase and sale agreement. ) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (NOTE 4 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, valuation of deferred tax assets, other) Tj ET Q q 0 0 0 rg BT 497.73 634.25 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (temporary impairment losses on securities, fair values of financial instruments, and annual goodwill and intangible asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (impairment analysis. Certain amounts reported in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.95 610.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.95 610.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.38 610.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.38 610.25 Td ( financial statements have been reclassified to conform to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.22 598.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.22 598.25 Td ( presentation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (In the third quarter 2016, Customers announced its intent to sell BankMobile and expects a sale to close within one year) Tj ET Q q 0 0 0 rg BT 529.11 574.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (Because BankMobile met the criteria to be classified as held for sale at December 31, 2016, the assets and liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (BankMobile have been presented as "Assets held for sale" and "Liabilities held for sale" on the consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (December 31, 2016 and 2015. BankMobile's operating results and associated cash flows have been presented as "Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (operations" within the accompanying consolidated financial statements and prior period amounts have been reclassified to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (conform with the current period presentation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 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 49.50 454.25 Td (subsidiaries: Customers Bank, CB Green ) Tj ET Q q 0 0 0 rg BT 215.97 454.25 Td (V) Tj ET Q q 0 0 0 rg BT 222.08 454.25 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 353.82 454.25 Td (V) Tj ET Q q 0 0 0 rg BT 359.93 454.25 Td (entures Pte Ltd. Customers Bank includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (accounts of its wholly owned subsidiary CIC, Inc. and other subsidiaries. ) Tj ET Q q 0 0 0 rg BT 346.40 442.25 Td (All significant intercompany balances and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (transactions have been eliminated in consolidation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 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 49.50 382.25 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 49.50 370.25 Td (maturity date of three months or less and are recorded at cost. ) Tj ET Q q 0 0 0 rg BT 298.40 370.25 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 49.50 358.25 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 49.50 346.25 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 49.50 334.25 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 49.50 322.25 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 49.50 310.25 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 49.50 298.25 Td (of cash flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (Restrictions on Cash and ) Tj ET Q q 0 0 0 rg BT 158.41 268.25 Td (Amounts due fr) Tj ET Q q 0 0 0 rg BT 225.45 268.25 Td (om Banks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 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 454.66 250.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.16 250.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.75 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 238.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 238.25 Td (, these reserve balances were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.71 238.25 Td ($149.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.60 238.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.04 238.25 Td ($73.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.93 238.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 389.59 238.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (In connection with the acquisition of the Disbursement business from Higher One, Customers placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 220.25 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.20 220.25 Td ( in an escrow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (account with a third party to be paid to Higher One upon each of the first and second anniversary of the transaction closing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (This cash is restricted in use and is reported in "Assets held for sale" on the consolidated balance sheets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.82 196.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 184.25 Td (. For more information, see NOTE 3 - DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 335.02 184.25 Td (TIONS.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.25 Td (Business combinations are accounted for by applying the acquisition method in accordance with ) Tj ET Q q 0 0 0 rg BT 436.90 136.25 Td (Accountings Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.25 Td (Codification \("ASC"\) 805, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 158.77 124.25 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.39 124.25 Td (. Under the acquisition method, identifiable assets acquired and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (assumed are measured at their fair values as of the date of acquisition, and are recognized separately from goodwill. Results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (operations of the acquired entity are included in the consolidated statement of income from the date of acquisition.) Tj ET Q 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 49.50 742.25 Td (Investment Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (Customers acquires securities, lar) Tj ET Q q 0 0 0 rg BT 183.72 724.25 Td (gely mortgage-backed securities, to ef) Tj ET Q q 0 0 0 rg BT 335.98 724.25 Td (fectively utilize cash and capital and to generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 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 49.50 700.25 Td (for sale, held to maturity) Tj ET Q q 0 0 0 rg BT 147.43 700.25 Td (, or trading, and their classification determines the accounting as follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.06 676.25 Td (vailable for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.05 676.25 Td (: Investment securities classified as available for sale are those debt and equity securities that Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (intends to hold for an indefinite period of time but not necessarily to maturity) Tj ET Q q 0 0 0 rg BT 358.50 664.25 Td (. Investment securities available for sale are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 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 49.50 640.25 Td (income, net of the related deferred tax ef) Tj ET Q q 0 0 0 rg BT 212.01 640.25 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 49.50 628.25 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 49.50 616.25 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 49.50 592.25 Td (Held to maturity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.60 592.25 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 49.50 580.25 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 49.50 568.25 Td (conditions.) Tj ET Q q 0 0 0 rg BT 95.98 568.25 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 49.50 556.25 Td (by a method which approximates the interest method over the terms of the securities. ) Tj ET Q q 0 0 0 rg BT 391.72 556.25 Td (There were no securities classified as held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (to maturity as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.82 544.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.40 544.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.84 544.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.84 544.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 520.25 Td (rading:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.51 520.25 Td ( Investment securities classified as trading are those debt and equity securities that management intends to actively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (trade. ) Tj ET Q q 0 0 0 rg BT 74.30 508.25 Td (These securities are carried at their current fair value, with changes in fair value reported in income. Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.25 Td (actively trade securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (For available-for) Tj ET Q q 0 0 0 rg BT 116.77 472.25 Td (-sale and held-to-maturity securities, management periodically assesses whether the securities are other than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (temporarily impaired. Other) Tj ET Q q 0 0 0 rg BT 161.76 460.25 Td (-than-temporary impairment means that management believes a security) Tj ET Q q 0 0 0 rg BT 453.60 460.25 Td (s decline in fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (below its amortized cost basis is due to factors that could include the issuer) Tj ET Q q 0 0 0 rg BT 350.63 448.25 Td () Tj ET Q q 0 0 0 rg BT 353.41 448.25 Td (s inability to pay interest or dividends, its potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (for default, and/or other factors. ) Tj ET Q q 0 0 0 rg BT 179.54 436.25 Td (When a held-to-maturity or available-for) Tj ET Q q 0 0 0 rg BT 342.61 436.25 Td (-sale debt security is assessed for other) Tj ET Q q 0 0 0 rg BT 497.91 436.25 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 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 476.23 424.25 Td (, and \(b\)whether it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 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 49.50 388.25 Td (If one of these circumstances applies to a security) Tj ET Q q 0 0 0 rg BT 247.66 388.25 Td (, an other) Tj ET Q q 0 0 0 rg BT 284.95 388.25 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 49.50 376.25 Td (statements of income equal to the full amount of the decline in fair value below the amortized cost basis. If neither of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (circumstances applies to a security) Tj ET Q q 0 0 0 rg BT 187.69 364.25 Td (, but Customers does not expect to recover the entire amortized cost basis, an other) Tj ET Q q 0 0 0 rg BT 519.06 364.25 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (temporary impairment has occurred that must be separated into two categories for debt securities: \(a\)the amount related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (credit loss, and \(b\)the amount related to other factors. In assessing the level of other) Tj ET Q q 0 0 0 rg BT 387.25 340.25 Td (-than-temporary impairment attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (credit loss, management compares the present value of cash flows expected to be collected with the amortized cost basis of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (security) Tj ET Q q 0 0 0 rg BT 80.51 316.25 Td (. ) Tj ET Q q 0 0 0 rg BT 85.33 316.25 Td (The portion of the total other) Tj ET Q q 0 0 0 rg BT 200.93 316.25 Td (-than-temporary impairment related to credit loss is recognized in earnings \(as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 304.25 Td (ference between the fair value and the present value of the estimated cash flows\), while the amount related to other factors is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (recognized in other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 226.47 292.25 Td (The total other) Tj ET Q q 0 0 0 rg BT 285.14 292.25 Td (-than-temporary impairment loss is presented in the statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (income, less the portion recognized in other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 324.51 280.25 Td (When a debt security becomes other) Tj ET Q q 0 0 0 rg BT 469.53 280.25 Td (-than-temporarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (impaired, its amortized cost 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 49.50 244.25 Td (For marketable equity securities, Customers considers the issuer) Tj ET Q q 0 0 0 rg BT 307.03 244.25 Td () Tj ET Q q 0 0 0 rg BT 309.81 244.25 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 49.50 232.25 Td (to determine whether an impairment is temporary or other) Tj ET Q q 0 0 0 rg BT 281.44 232.25 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 345.76 232.25 Td (. Customers also considers the volatility of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (security) Tj ET Q q 0 0 0 rg BT 83.93 220.25 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 49.50 208.25 Td (sheet date. If management determines that the impairment is other) Tj ET Q q 0 0 0 rg BT 313.65 208.25 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 377.97 208.25 Td (, the entire amount of the impairment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 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 476.66 196.25 Td (The fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (security becomes the new amortized cost basis of the investment and is not adjusted for subsequent recoveries in fair value.) 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 49.50 742.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.68 742.25 Td (Accounting Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (The accounting for a loan depends on management) Tj ET Q q 0 0 0 rg BT 256.37 724.25 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 49.50 712.25 Td (date of acquisition. ) Tj ET Q q 0 0 0 rg BT 128.19 712.25 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 49.50 705.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 693.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 693.05 Td (Loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 675.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 675.05 Td (Loans at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 657.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 657.05 Td (Loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 639.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 639.05 Td (Purchased loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 621.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 621.05 Td (Loans receivable covered under Loss Sharing ) Tj ET Q q 0 0 0 rg BT 269.48 621.05 Td (Agreements with the FDIC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 597.05 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 73.50 567.05 Td (Loans Held for) Tj ET Q q 0 0 0 rg BT 137.77 567.05 Td ( Sale and Loans at Fair) Tj ET Q q 0 0 0 rg BT 236.77 567.05 Td ( ) Tj ET Q q 0 0 0 rg BT 239.09 567.05 Td (V) Tj ET Q q 0 0 0 rg BT 245.39 567.05 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 549.05 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 49.50 537.05 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 524.13 537.05 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 525.05 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 49.50 513.05 Td (lower of cost or fair value are recognized in earnings based on the dif) Tj ET Q q 0 0 0 rg BT 326.71 513.05 Td (ference between the proceeds received and the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.05 Td (amount of the loans, inclusive of deferred origination fees and costs, if any) Tj ET Q q 0 0 0 rg BT 348.21 501.05 Td (. ) Tj ET Q q 0 0 0 rg BT 352.65 501.05 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 49.50 489.05 Td (or developments regarding management) Tj ET Q q 0 0 0 rg BT 213.05 489.05 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 49.50 477.05 Td (may subsequently be designated as held for sale. ) Tj ET Q q 0 0 0 rg BT 246.21 477.05 Td (These loans are transferred to the held-for) Tj ET Q q 0 0 0 rg BT 413.71 477.05 Td (-sale portfolio at the lower of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 465.05 Td (amortized cost or fair value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 441.05 Td (Loans originated or acquired by the Bank with the intent to sell for which fair value accounting is elected are reported at fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 429.05 Td (value,with changes in fair value recognized in earnings in the period they occur) Tj ET Q q 0 0 0 rg BT 366.88 429.05 Td (. Upon sale, any dif) Tj ET Q q 0 0 0 rg BT 447.52 429.05 Td (ference between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.05 Td (proceeds received and the carrying amount of the loan is recognized in earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.32 417.05 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.54 417.05 Td ( fees or costs related to such loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.05 Td (deferred, so they do not af) Tj ET Q q 0 0 0 rg BT 154.28 405.05 Td (fect the gain or loss calculation at the time of sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 381.05 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 49.50 369.05 Td (reported at fair value based on an election made to account for the loans at fair value. Pursuant to these agreements, the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.05 Td (funds the pipelines for these mortgage lenders by sending payments directly to the closing agents for funded loans \(i.e., the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 345.05 Td (purchase event\) and receives proceeds directly from third party investors when the loans are sold into the secondary market \(i.e, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.05 Td (the repurchase event\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.05 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 73.50 279.05 Td (Loans Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.05 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 527.21 261.05 Td (f are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.05 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 49.50 237.05 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 49.50 225.05 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 49.50 213.05 Td (anticipating prepayments. ) Tj ET Q q 0 0 0 rg BT 155.12 213.05 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 49.50 189.05 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 507.94 189.05 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.77 189.05 Td ( past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.05 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 49.50 165.05 Td (performing.) Tj ET Q q 0 0 0 rg BT 98.93 165.05 Td (A) Tj ET Q q 0 0 0 rg BT 105.60 165.05 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 464.20 165.05 Td (When a loan is placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.05 Td (on non-accrual status, unpaid accrued interest previously credited to income is reversed. Interest received on non-accrual loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.05 Td (is applied against principal until all principal has been recovered.) Tj ET Q q 0 0 0 rg BT 312.28 141.05 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 353.51 141.05 Td (, payments are recognized as interest income until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.05 Td (all unpaid amounts have been received.Generally) Tj ET Q q 0 0 0 rg BT 248.49 129.05 Td (, loans are restored to accrual status when the obligation is brought current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.05 Td (andhas performed in accordance with the contractual terms for a minimum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 117.05 Td (six months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.72 117.05 Td ( and the ultimate collectibility of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.05 Td (total contractual principal and interest is no longer in doubt.) 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 BT /F1 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 55.26 742.10 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 49.50 730.10 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 49.50 718.10 Td (isolated from the Bank, \(2\) the transferee obtains the right \(free of conditions that constrain it from taking advantage of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (right\) to pledge or exchange the transferred assets, and \(3\) the Bank does not maintain ef) Tj ET Q q 0 0 0 rg BT 404.20 706.10 Td (fective control over the transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (assets through an agreement to repurchase them before their maturity) Tj ET Q q 0 0 0 rg BT 325.69 694.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 664.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 89.43 664.10 Td (chased Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 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 49.50 634.10 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 49.50 622.10 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 49.50 610.10 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 511.78 610.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (310-20, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.83 598.10 Td (Nonr) Tj ET Q q 0 0 0 rg BT 103.02 598.10 Td (efundable Fees and Other Costs,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.39 598.10 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 49.50 586.10 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 525.71 586.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (310-30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.83 574.10 Td (Loans and Debt Securities ) Tj ET Q q 0 0 0 rg BT 190.97 574.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 217.82 574.10 Td (ed with Deteriorated Cr) Tj ET Q q 0 0 0 rg BT 313.83 574.10 Td (edit Quality) Tj ET Q q 0 0 0 rg BT 360.77 574.10 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 85.5 542.7669921875 m 379.54296875 542.7669921875 l s q 0 0 0 rg BT 85.50 544.10 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 49.50 526.10 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 49.50 514.10 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 49.50 502.10 Td (the estimated contractual lives of the loans. ) Tj ET Q q 0 0 0 rg BT 224.82 502.10 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 49.50 490.10 Td (performing loans. ) Tj ET Q q 0 0 0 rg BT 125.04 490.10 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 85.5 458.7669921875 m 553.9375 458.7669921875 l s q 0 0 0 rg BT 85.50 460.10 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 85.5 446.7669921875 m 310.6953125 446.7669921875 l s q 0 0 0 rg BT 85.50 448.10 Td (all contractually required payments will not be collected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (For purchases of this loan type, evidence of deteriorated credit quality may include past-due and non-accrual status, borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (credit scores and recent loan-to-value percentages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 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 438.59 394.10 Td (ference and accretable yield. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 78.47 382.10 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 49.50 370.10 Td (acquisition is the nonaccretable dif) Tj ET Q q 0 0 0 rg BT 188.71 370.10 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 49.50 358.10 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 49.50 346.10 Td (regarding default rates, loss severities, and other factors that are reflective of current market conditions. Subsequent decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 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 49.50 322.10 Td (a reversal of the provision for loan losses to the extent of prior char) Tj ET Q q 0 0 0 rg BT 318.40 322.10 Td (ges, or a reclassification of the dif) Tj ET Q q 0 0 0 rg BT 454.00 322.10 Td (ference from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 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 478.38 310.10 Td (, any excess of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 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 49.50 286.10 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 49.50 274.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 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 49.50 238.10 Td (the loans have common risk characteristics. ) Tj ET Q q 0 0 0 rg BT 228.33 238.10 Td (A) Tj ET Q q 0 0 0 rg BT 235.00 238.10 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 49.50 226.10 Td (and an aggregate expectation of cash flows. On a quarterly basis, the Bank re-estimates the total cash flows \(both principal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (interest\) expected to be collected over the remaining life of each pool. ) Tj ET Q q 0 0 0 rg BT 331.70 214.10 Td (These estimates incorporate assumptions regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 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 49.50 190.10 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 49.50 178.10 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 509.76 178.10 Td (, when the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 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 49.50 154.10 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 73.50 124.10 Td (Loans Receivable Cover) Tj ET Q q 0 0 0 rg BT 176.63 124.10 Td (ed Under) Tj ET Q q 0 0 0 rg BT 216.18 124.10 Td ( Loss Sharing ) Tj ET Q q 0 0 0 rg BT 276.48 124.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 292.96 124.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (On July 1) Tj ET Q q 0 0 0 rg BT 88.02 106.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (sharing agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.68 94.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.57 94.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (final payment under these agreements. ) Tj ET Q q 0 0 0 rg BT 208.43 82.10 Td (The negotiated settlement amount was based on net losses incurred on the covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (assets through September 30, 2015, adjusted for cash payments to and cash receipts from the FDIC as part of the December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (2015 and March 31, 2016 certifications. Consequently) Tj ET Q q 0 0 0 rg BT 269.08 58.10 Td (, loans and other real estate owned previously reported as covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (pursuant to the loss sharing agreements are no longer reported as covered assets as of June 30, 2016.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 109.03 742.25 Td ( Loan Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 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 49.50 712.25 Td (deemed to be uncollectible are char) Tj ET Q q 0 0 0 rg BT 191.19 712.25 Td (ged against the allowance for loan losses, and subsequent recoveries, if any) Tj ET Q q 0 0 0 rg BT 491.83 712.25 Td (, are credited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (the allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 169.84 700.25 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 49.50 688.25 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 49.50 664.25 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 49.50 652.25 Td (allowance for loan losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (The Bank) Tj ET Q q 0 0 0 rg BT 91.43 628.25 Td (s loan groups include multi-family) Tj ET Q q 0 0 0 rg BT 229.09 628.25 Td (, commercial and industrial, owner and non-owner occupied commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.25 Td (estate, construction, residential real estate, manufactured housing, consumer) Tj ET Q q 0 0 0 rg BT 353.71 616.25 Td (, and PCI loans. ) Tj ET Q q 0 0 0 rg BT 419.64 616.25 Td (The Bank further disaggregates its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.25 Td (residential real estate portfolio into two classes based upon certain risk characteristics: first mortgage loans and home equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (loans and lines of credit.) Tj ET Q q 0 0 0 rg BT 149.85 592.25 Td (The remaining loan groups are also considered classes for purposes of monitoring and assessing credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (quality based on certain risk characteristics. ) Tj ET Q q 0 0 0 rg BT 226.38 580.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 276.28 580.25 Td (, within each loan group the acquired loans that are accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.22 568.25 Td (ASC 310-10 are further segregated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 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 49.50 532.25 Td (include residual non-specific reserve amounts. ) Tj ET Q q 0 0 0 rg BT 237.59 532.25 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 49.50 520.25 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 49.50 508.25 Td (the allowance for loan losses, which is based on the Bank) Tj ET Q q 0 0 0 rg BT 282.50 508.25 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 49.50 496.25 Td (adverse situations that may af) Tj ET Q q 0 0 0 rg BT 168.17 496.25 Td (fect the borrower) Tj ET Q q 0 0 0 rg BT 237.40 496.25 Td () Tj ET Q q 0 0 0 rg BT 240.17 496.25 Td (s ability to repay) Tj ET Q q 0 0 0 rg BT 306.45 496.25 Td (, the estimated value of any underlying collateral, composition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (of the loan portfolio, current economic conditions, peer and industry data, and other relevant factors. ) Tj ET Q q 0 0 0 rg BT 453.90 484.25 Td (This evaluation is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (inherently subjective as it requires material estimates that may be susceptible to significant revision as more information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (becomes available. ) Tj ET Q q 0 0 0 rg BT 127.89 460.25 Td (The Bank) Tj ET Q q 0 0 0 rg BT 169.83 460.25 Td (s current methodology for determining the allowance for loan losses is based on historical loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (rates, peer and industry data, current economic conditions, risk ratings, specific allocations on loans identified as impaired, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (other qualitative adjustments as considered appropriate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (The impaired loan component of the allowance for loan losses generally relates to loans for which it is probable that the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (will be unable to collect all contractual principal and interest due. Customers analyzes certain loans in its portfolio for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (impairment in accordance with ) Tj ET Q q 0 0 0 rg BT 175.56 388.25 Td (ASC 310-10-35. Customers' impaired loans generally include loans that have been \(i\) placed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (non-accrual, \(ii\) restructured in a troubled debt restructuring, regardless of their payment status, and \(iii\) char) Tj ET Q q 0 0 0 rg BT 486.38 376.25 Td (ged-of) Tj ET Q q 0 0 0 rg BT 512.30 376.25 Td (f to their net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (realizable value. For such loans, an allowance is established when the \(i\)discounted cash flows, \(ii\)collateral value, or \(iii\)the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (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 49.50 328.25 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 49.50 316.25 Td (considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity loans, home ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (equity lines of credit and other consumer loans. ) Tj ET Q q 0 0 0 rg BT 241.77 304.25 Td (These pools of loans are evaluated for loss exposure based upon industry) Tj ET Q q 0 0 0 rg BT 532.99 304.25 Td (, peer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (or Customers' historical loss rates for each of these groups of loans. ) Tj ET Q q 0 0 0 rg BT 324.02 292.25 Td (After determining the appropriate historical loss rate for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (each group of loans, management considers current qualitative or environmental factors that are likely to cause estimated credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (losses as of the evaluation date to dif) Tj ET Q q 0 0 0 rg BT 196.78 268.25 Td (fer from the historical loss experience. ) Tj ET Q q 0 0 0 rg BT 355.43 268.25 Td (The overall ef) Tj ET Q q 0 0 0 rg BT 411.33 268.25 Td (fect of these factors is recorded as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (adjustment that, as appropriate, increases or decreases the historical loss rate applied to the loan group. ) Tj ET Q q 0 0 0 rg BT 465.29 256.25 Td (The qualitative factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (that management generally considers include the following:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 49.50 237.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 225.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 225.05 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 61.95 201.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 201.05 Td (V) Tj ET Q q 0 0 0 rg BT 85.88 201.05 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 61.95 177.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 177.05 Td (Lending policies and procedures, including underwriting standards and historical-based loss/collection, char) Tj ET Q q 0 0 0 rg BT 512.43 177.05 Td (ge-of) Tj ET Q q 0 0 0 rg BT 533.34 177.05 Td (f, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 165.05 Td (recovery practices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 141.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 141.05 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 61.95 117.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 117.05 Td (Risk ratings;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 93.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 93.05 Td (Changes in the values of collateral for collateral dependent loans; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 69.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 69.05 Td (Experience, ability) Tj ET Q q 0 0 0 rg BT 154.82 69.05 Td (, and depth of lending management and staf) Tj ET Q q 0 0 0 rg BT 329.59 69.05 Td (f; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 45.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 45.05 Td (Other external factors, such as changes in the legal, regulatory or competitive environment.) 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 49.50 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 718.10 Td ( residual reserve may be maintained to cover uncertainties that could af) Tj ET Q q 0 0 0 rg BT 341.15 718.10 Td (fect management) Tj ET Q q 0 0 0 rg BT 412.50 718.10 Td (s estimate of probable losses. ) Tj ET Q q 0 0 0 rg BT 531.74 718.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (residual reserve amount reflects the mar) Tj ET Q q 0 0 0 rg BT 209.52 706.10 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 49.50 694.10 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 49.5 668.7669921875 m 179.7490234375 668.7669921875 l s q 0 0 0 rg BT 49.50 670.10 Td (Commercial and industrial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.75 670.10 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 49.50 658.10 Td (determine the borrower) Tj ET Q q 0 0 0 rg BT 143.72 658.10 Td () Tj ET Q q 0 0 0 rg BT 146.50 658.10 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 49.50 646.10 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 508.99 646.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 634.10 Td (, the repayment of a commercial and industrial loan depends primarily on the creditworthiness of the borrower \(and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (any guarantors\), while liquidation of collateral is a secondary and often insuf) Tj ET Q q 0 0 0 rg BT 357.00 622.10 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 49.5 596.7669921875 m 124.7734375 596.7669921875 l s q 0 0 0 rg BT 49.50 598.10 Td (Construction loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.77 598.10 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 49.50 586.10 Td (cost estimates, in addition to independent appraisal valuations. ) Tj ET Q q 0 0 0 rg BT 302.04 586.10 Td (These loans rely on the value associated with the project upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (completion. ) Tj ET Q q 0 0 0 rg BT 99.31 574.10 Td (These cost and valuation amounts used are estimates and may be inaccurate. Construction loans generally involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (the disbursement of substantial funds over a short period of time with repayment substantially dependent upon the success of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (the completed project. Sources of repayment of these loans would be permanent financing upon completion or sales of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (developed property) Tj ET Q q 0 0 0 rg BT 126.32 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 131.14 538.10 Td (These loans are closely monitored by onsite inspections and are considered to be of a higher risk than other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (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 49.50 514.10 Td (financing, interest rate sensitivity) Tj ET Q q 0 0 0 rg BT 182.15 514.10 Td (, and governmental regulation of real property) Tj ET Q q 0 0 0 rg BT 366.15 514.10 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 49.5 488.7669921875 m 235.271484375 488.7669921875 l s q 0 0 0 rg BT 49.50 490.10 Td (Commercial real estate and multi-family loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.27 490.10 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 49.50 478.10 Td (and industrial loans, in addition to those underwriting standards for real estate loans. ) Tj ET Q q 0 0 0 rg BT 389.52 478.10 Td (These loans are viewed primarily as cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 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 49.50 454.10 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 49.50 442.10 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 49.50 430.10 Td (estate and multi-family loans may be adversely af) Tj ET Q q 0 0 0 rg BT 248.42 430.10 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 49.50 418.10 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 49.50 406.10 Td (risk-rating criteria. ) Tj ET Q q 0 0 0 rg BT 126.79 406.10 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 49.50 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 394.10 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 49.5 368.7669921875 m 160.84765625 368.7669921875 l s q 0 0 0 rg BT 49.50 370.10 Td (Residential real estateloans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.85 370.10 Td ( are secured by one to four dwelling units.) Tj ET Q q 0 0 0 rg BT 331.73 370.10 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 49.50 358.10 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 353.03 358.10 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.36 358.10 Td ( or less.Home equity loans have additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 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 49.5 320.7669921875 m 163.3623046875 320.7669921875 l s q 0 0 0 rg BT 49.50 322.10 Td (Manufactured housing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.36 322.10 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 49.50 310.10 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 49.5 284.7669921875 m 137.25390625 284.7669921875 l s q 0 0 0 rg BT 49.50 286.10 Td (Other consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 286.10 Td ( consist of loans to individuals originated through the Bank) Tj ET Q q 0 0 0 rg BT 376.95 286.10 Td (s retail network and are typically unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (or secured by personal property) Tj ET Q q 0 0 0 rg BT 175.47 274.10 Td (.Consumer loans have a greater credit risk than residential loans because of the dif) Tj ET Q q 0 0 0 rg BT 507.12 274.10 Td (ference in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (underlying collateral, if any) Tj ET Q q 0 0 0 rg BT 159.92 262.10 Td (.) Tj ET Q q 0 0 0 rg BT 164.74 262.10 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 49.50 250.10 Td (that can be recovered on such loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 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 49.50 214.10 Td (reserves are established based on the expected net char) Tj ET Q q 0 0 0 rg BT 268.66 214.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 289.58 214.10 Td (fs, adjusted for qualitative factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (Char) Tj ET Q q 0 0 0 rg BT 68.76 190.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 89.68 190.10 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 49.50 178.10 Td (management estimates that there are insuf) Tj ET Q q 0 0 0 rg BT 217.31 178.10 Td (ficient cash flows to repay the contractual loan obligation based upon financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (information available and valuation of the underlying collateral. Shortfalls in the underlying collateral value for loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (determined to be collateral dependent are char) Tj ET Q q 0 0 0 rg BT 234.22 154.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 260.14 154.10 Td (f immediately) Tj ET Q q 0 0 0 rg BT 315.31 154.10 Td (. ) Tj ET Q endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 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 (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The Bank also takes into account the strength of any guarantees and the ability of the borrower to provide value related to those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (guarantees in determining the ultimate char) Tj ET Q q 0 0 0 rg BT 222.86 730.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 243.78 730.10 Td (f or reserve associated with an impaired loan. ) Tj ET Q q 0 0 0 rg BT 427.33 730.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 476.66 730.10 Td (, the Bank may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 718.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 87.44 718.10 Td (f a loan to a value below the net appraised value if it believes that an expeditious liquidation is desirable in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (circumstance and it has legitimate of) Tj ET Q q 0 0 0 rg BT 196.21 706.10 Td (fers or other indications of interest to support a value that is less than the net appraised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 75.60 694.10 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 127.71 694.10 Td (, the Bank may carry a loan at a value that is in excess of the appraised value in certain circumstances, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (as when the Bank has a guarantee from a borrower that the Bank believes has realizable value. In evaluating the strength of any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (guarantee, the Bank evaluates the financial wherewithal of the guarantor) Tj ET Q q 0 0 0 rg BT 338.97 670.10 Td (, the guarantor) Tj ET Q q 0 0 0 rg BT 397.38 670.10 Td () Tj ET Q q 0 0 0 rg BT 400.15 670.10 Td (s reputation, and the guarantor) Tj ET Q q 0 0 0 rg BT 522.43 670.10 Td () Tj ET Q q 0 0 0 rg BT 525.21 670.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (willingness and desire to work with the Bank. ) Tj ET Q q 0 0 0 rg BT 235.13 658.10 Td (The Bank then conducts a review of the strength of a guarantee on a frequency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (established as the circumstances and conditions of the borrower warrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (The Bank records char) Tj ET Q q 0 0 0 rg BT 140.11 622.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 161.03 622.10 Td (fs for residential real estate, consumer) Tj ET Q q 0 0 0 rg BT 312.79 622.10 Td (, and manufactured housing loans after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.79 622.10 Td (120 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.62 622.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (delinquency or sooner when cash flows are determined to be insuf) Tj ET Q q 0 0 0 rg BT 314.24 610.10 Td (ficient for repayment. ) Tj ET Q q 0 0 0 rg BT 403.46 610.10 Td (The Bank may also char) Tj ET Q q 0 0 0 rg BT 500.47 610.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 521.38 610.10 Td (f these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 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 49.50 586.10 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 49.50 574.10 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 49.50 562.10 Td (cases, the Bank may abandon its junior mortgage and char) Tj ET Q q 0 0 0 rg BT 282.58 562.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 303.50 562.10 Td (f the loan balance in full.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 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 49.50 526.10 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 432.78 526.10 Td (ges the provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (and establishes an allowance for loan losses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.69 484.10 Td (edit Quality Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Commercial and industrial, multi-family) Tj ET Q q 0 0 0 rg BT 211.04 466.10 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 49.50 454.10 Td (a numerical rating of risk based on an internal risk rating system. ) Tj ET Q q 0 0 0 rg BT 314.25 454.10 Td (The risk rating is assigned at loan origination and indicates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (management's estimate of credit quality) Tj ET Q q 0 0 0 rg BT 207.82 442.10 Td (. Risk ratings are 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 49.50 430.10 Td (manufactured housing loans are evaluated primarily based on the payment activity of the loan. Risk ratings are not established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (for home equity loans, consumer loans, manufactured housing loans, and installment loans, mainly because these portfolios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (consist of a lar) Tj ET Q q 0 0 0 rg BT 107.91 406.10 Td (ger number of homogeneous loans with smaller balances. Instead, these portfolios are evaluated for risk mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (based on aggregate payment history \(through the monitoring of delinquency levels and trends\). For additional information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (about credit quality factor ratings refer to NOTE 9 LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 331.75 382.10 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 359.80 382.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 383.42 382.10 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 418.41 382.10 Td (ANCE FOR LOAN LOSSES.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (Impair) Tj ET Q q 0 0 0 rg BT 76.35 352.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 334.10 Td ( loan is generally considered impaired when, based on current information and events, it is probable that the Bank will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (unable to collect all amounts due according to the contractual terms of the loan agreement. Customers' impaired loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (generally include loans that have been \(i\) placed on non-accrual, \(ii\) restructured in a troubled debt restructuring, regardless of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (their payment status, and \(iii\) char) Tj ET Q q 0 0 0 rg BT 186.50 298.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 212.42 298.10 Td (f to their net realizable value. Factors considered by management in determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (when due.Loans that experience insignificant payment delays and payment shortfalls generally are not classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (impaired.Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (into consideration all of the circumstances surrounding the loan and the borrower) Tj ET Q q 0 0 0 rg BT 374.28 250.10 Td (, including the length of the delay) Tj ET Q q 0 0 0 rg BT 508.32 250.10 Td (, the reasons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (for the delay) Tj ET Q q 0 0 0 rg BT 99.38 238.10 Td (, the borrower) Tj ET Q q 0 0 0 rg BT 156.12 238.10 Td () Tj ET Q q 0 0 0 rg BT 158.90 238.10 Td (s prior payment record and the amount of the shortfall in relation to the principal and interest owed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (Impairment is generally measured on a loan by loan basis for commercial and construction loans by the present value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (expected future cash flows discounted at the loan) Tj ET Q q 0 0 0 rg BT 249.15 202.10 Td (s ef) Tj ET Q q 0 0 0 rg BT 263.13 202.10 Td (fective interest rate, the loan) Tj ET Q q 0 0 0 rg BT 379.47 202.10 Td (s obtainable market price or the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (the collateral if the loan is collateral dependent. ) Tj ET Q q 0 0 0 rg BT 241.74 190.10 Td (Thefair value of the collateral is measured based on the value of the collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (securing the loans, less estimated costs to sell. Collateral may be in the form of real estate or business assets including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (equipment, inventory) Tj ET Q q 0 0 0 rg BT 134.39 166.10 Td (, and accounts receivable. ) Tj ET Q q 0 0 0 rg BT 239.71 166.10 Td (The vast majority of the Bank's collateral is real estate. ) Tj ET Q q 0 0 0 rg BT 461.53 166.10 Td (The value of real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (collateral is determined utilizing an income or market valuation approach based on an appraisal conducted by an independent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (licensed appraiser outside of theBank using observable market data. ) Tj ET Q q 0 0 0 rg BT 326.17 142.10 Td (The value of business equipment is based upon an outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (appraisal if deemed significant, or the net book value on the applicable business) Tj ET Q q 0 0 0 rg BT 371.71 130.10 Td ( financial statements if not considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (significant using observable market data. Likewise, values for inventory and accounts receivable collateral are based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (financial statement balances or aging reports.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Goodwill and Other) Tj ET Q q 0 0 0 rg BT 134.89 742.25 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 183.24 742.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (Goodwill represents the excess of cost over the identifiable net assets of businesses acquired. Other intangible assets represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (rights. Intangible assets that have finite lives, such as customer and university relationship intangibles and non-compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (agreements, are amortized over their estimated useful lives and are subject to impairment testing. Goodwill and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (intangible assets recognized as part of the Disbursement business acquisition were based on a preliminary allocation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (purchase price. In fourth quarter 2016, Customers recorded adjustments to the estimated fair values of the net assets acquired, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.81 652.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.70 652.25 Td ( increase in goodwill. For more information regarding the net assets acquired and goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (recorded upon acquisition of the Disbursement business, see NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 335.55 640.25 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 401.94 640.25 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 447.86 640.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (Goodwill and other intangible assets are reviewed for impairment annually as of October 31 and between annual tests when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (events and circumstances indicate that impairment may have occurred. Impairment of goodwill is a condition that exists when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (the carrying amount exceeds its implied fair value. ) Tj ET Q q 0 0 0 rg BT 256.65 598.25 Td (A) Tj ET Q q 0 0 0 rg BT 263.32 598.25 Td ( qualitative factor test can be performed to determine whether it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (necessary to perform the two-step quantitative impairment test. If the results of the qualitative review indicate that it is unlikely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (\(less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.05 574.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.38 574.25 Td ( probability\) that the carrying value of the reporting unit exceeds its fair value, no further evaluation needs to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (performed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (Intangible assets subject to amortization are reviewed for impairment under ) Tj ET Q q 0 0 0 rg BT 353.84 544.25 Td (ASC 360 which requires that a long-lived asset or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (asset group be tested for recoverability whenever events or changes in circumstances indicate that the carrying value may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (be recoverable. ) Tj ET Q q 0 0 0 rg BT 115.39 520.25 Td (The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (expected to result from the use and eventual disposition of the asset. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (As part of its qualitative assessment, Customers reviewed regional and national trends in current and expected economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (conditions, examining indicators such as GDP) Tj ET Q q 0 0 0 rg BT 234.10 472.25 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 49.50 460.25 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 499.52 460.25 Td (. Based on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (qualitative assessment, Customers determined that there was no evidence of impairment on the balance of goodwill and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (intangible assets. ) Tj ET Q q 0 0 0 rg BT 122.27 436.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.71 436.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.30 436.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.73 436.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.73 436.25 Td (, goodwill and other intangible assets totaled $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.81 436.25 Td (3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.70 436.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.14 436.25 Td ($3.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 424.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.05 424.25 Td (, from continuing operations. Goodwill and other intangible assets acquired as part of the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (business acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 412.25 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.00 412.25 Td ( have been subsequently reclassified and are presented in "Assets held for sale" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (consolidated balance sheets at December 31, 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (FHLB, Federal Reserve Bank, and other) Tj ET Q q 0 0 0 rg BT 222.36 370.25 Td ( r) Tj ET Q q 0 0 0 rg BT 229.12 370.25 Td (estricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 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 49.50 340.25 Td (Home Loan Bank \(FHLB\), the Federal Reserve Bank and ) Tj ET Q q 0 0 0 rg BT 291.10 340.25 Td (Atlantic Central Bankers Bank and is carried at cost. ) Tj ET Q q 0 0 0 rg BT 506.13 340.25 Td (T) Tj ET Q q 0 0 0 rg BT 511.54 340.25 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (restricted stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.47 328.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.05 328.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.49 328.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.49 328.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.04 328.25 Td ($68.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.94 328.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.38 328.25 Td ($90.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.27 328.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 452.93 328.25 Td (, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 328.25 Td ($51.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 316.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 316.25 Td ($78.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.72 316.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 204.38 316.25 Td (, of FHLB stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 286.25 Td ( Real Estate Owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 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 49.50 256.25 Td (sell at the date of foreclosure, establishing a new cost basis.) Tj ET Q q 0 0 0 rg BT 289.71 256.25 Td (After foreclosure, valuations are periodically performed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 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 49.50 232.25 Td (and expenses from operations and changes in the valuation allowance are included in earnings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (FDIC Loss Sharing Receivable and Clawback Liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (The FDIC loss sharing receivable was measured separately from the related covered assets because it was not contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (embedded in the assets and was not transferable if the assets were sold. ) Tj ET Q q 0 0 0 rg BT 336.45 172.25 Td (The FDIC loss sharing receivable was initially recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (at 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 476.94 160.25 Td (The dif) Tj ET Q q 0 0 0 rg BT 505.92 160.25 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.25 Td (between the present value and the undiscounted cash flows theBank expected to collect from the FDIC was accreted into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.25 Td (interest income over the life of the FDIC loss sharing receivable.) Tj ET Q endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 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 (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (The FDIC loss sharing receivable was 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 49.50 730.10 Td (performance and expectations for future performance of the covered portfolio. ) Tj ET Q q 0 0 0 rg BT 365.01 730.10 Td (These adjustments were measured on the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (basis as the related covered assets. Increases in estimated cash flows on the covered assets reduced the FDIC loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (receivable and decreases in estimated cash flows on the covered assets increased the FDIC loss sharing receivable. Increases to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (the FDIC loss sharing receivable resulting from reduced cash flow estimates on the covered loans were recorded as a reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (to the provision for loan losses and decreases to the FDIC loss sharing receivable were recorded either as an increase to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (provision for loan losses \(to the extent an increase in the FDIC receivable balance was previously recorded as a reduction to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (provision for loan losses\) or recognized over the life of the loss share agreements. Decreases in the valuations of covered other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (real estate owned were recorded net of the FDIC receivable balance as an increase to other real estate owned expense \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (component of non-interest expense\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (The FDIC loss sharing receivable balance was reduced through a char) Tj ET Q q 0 0 0 rg BT 329.21 610.10 Td (ge to the provision for loan losses, with no of) Tj ET Q q 0 0 0 rg BT 510.12 610.10 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (reduction to the allowance for loan losses, as the period to submit losses under the FDIC loss sharing agreements approached ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (expiration and the estimated losses in the covered loans had not yet emer) Tj ET Q q 0 0 0 rg BT 340.90 586.10 Td (ged or been realized in a final disposition event. ) Tj ET Q q 0 0 0 rg BT 535.10 586.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 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 538.12 574.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (period to submit losses under the FDIC loss sharing agreements for single family loans was set to expire in third quarter 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (The final maturity of the FDIC loss sharing agreements was scheduled for third quarter 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (As part of the FDIC loss sharing agreements, the Bank also assumed a potential liability to be paid within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.42 526.10 Td (45 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.25 526.10 Td ( subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (to the maturity or termination of the loss sharing agreements that was 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 49.50 502.10 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 49.50 490.10 Td (received on the covered assets in excess of the original expectations of the FDIC, the Bank anticipated that it would be required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (to pay the FDIC at the end of its loss sharing agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (On July 1) Tj ET Q q 0 0 0 rg BT 88.02 454.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (sharing agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.18 442.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.07 442.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (final payment under these agreements. ) Tj ET Q q 0 0 0 rg BT 208.43 430.10 Td (The negotiated settlement amount was based on net losses incurred on the covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (assets through September 30, 2015, adjusted for cash payments to and cash receipts from the FDIC as part of the December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (2015 and March 31, 2016 certifications. Consequently) Tj ET Q q 0 0 0 rg BT 269.08 406.10 Td (, loans and other real estate owned previously reported as covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (pursuant to the loss sharing agreements were no longer reported as covered assets as of June 30, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Bank-Owned Life Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (Bank-owned life insurance policies insure the lives of of) Tj ET Q q 0 0 0 rg BT 275.36 352.10 Td (ficers of the Bank, and name the Bank as beneficiary) Tj ET Q q 0 0 0 rg BT 486.30 352.10 Td (. Non-interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 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 453.88 340.10 Td ( underlying investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (made by the insurance company) Tj ET Q q 0 0 0 rg BT 177.69 328.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.51 328.10 Td (The Bank is capitalizing on the ability to partially of) Tj ET Q q 0 0 0 rg BT 392.00 328.10 Td (fset costs associated with employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 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 49.50 286.10 Td (Bank Pr) Tj ET Q q 0 0 0 rg BT 85.16 286.10 Td (emises and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 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 49.50 256.10 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 49.50 244.10 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 49.50 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 214.10 Td (r) Tj ET Q q 0 0 0 rg BT 59.69 214.10 Td (easury Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 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 49.50 166.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 166.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (Customers accounts for income taxes under the liability method of accounting for income taxes.) Tj ET Q q 0 0 0 rg BT 436.16 148.10 Td (The income tax accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 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 49.50 124.10 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 49.50 112.10 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 49.50 100.10 Td (method, the net deferred tax asset or liability is based on the tax ef) Tj ET Q q 0 0 0 rg BT 314.79 100.10 Td (fects of the dif) Tj ET Q q 0 0 0 rg BT 372.64 100.10 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 88.10 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 88.10 Td (.) 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 49.50 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 742.10 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 49.50 730.10 Td (sustained upon examination.) Tj ET Q q 0 0 0 rg BT 165.96 730.10 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 419.78 730.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.71 730.10 Td (;the term upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (examination includes resolution of the related appeals or litigation process.) Tj ET Q q 0 0 0 rg BT 351.36 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 358.03 718.10 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 49.50 706.10 Td (recognition threshold is initially and subsequently measured as the lar) Tj ET Q q 0 0 0 rg BT 328.42 706.10 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 525.57 706.10 Td (50 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.92 694.10 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 49.50 682.10 Td (information.) Tj ET Q q 0 0 0 rg BT 101.53 682.10 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 49.50 670.10 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 499.07 670.10 Td (s judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 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 49.50 634.10 Td (some portion or all of the deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 311.45 634.10 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 49.50 622.10 Td (upon the generation of future taxable income during periods in which those temporary dif) Tj ET Q q 0 0 0 rg BT 407.83 622.10 Td (ferences become deductible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 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 49.50 598.10 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 49.50 586.10 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 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 49.50 562.10 Td (these deferred tax assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.88 532.10 Td (e-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.61 514.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.27 514.10 Td ( active share-based compensation plans. Share-based compensation accounting guidance requires that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (compensation cost relating to share-based-payment transactions be recognized in earnings.) Tj ET Q q 0 0 0 rg BT 414.47 502.10 Td (The cost is measured based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (grant-date fair value of the equity instruments issued. ) Tj ET Q q 0 0 0 rg BT 267.59 490.10 Td (The Black-Scholes model is used to estimate the fair value of stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (options, while the closing market price of Customers) Tj ET Q q 0 0 0 rg BT 263.71 478.10 Td ( common stock at the date of grant is generally used for restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (Compensation cost for all share-based awards is calculated and recognized over the employees) Tj ET Q q 0 0 0 rg BT 431.39 442.10 Td ( service period, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 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 49.50 418.10 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 49.50 406.10 Td (Customers reverses previously recorded compensation expense upon forfeiture. Customers' accounting policy election is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (recognize forfeitures as they occur) Tj ET Q q 0 0 0 rg BT 187.21 394.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (In 2014, the shareholders of Customers Bancorp approved an employee stock purchase plan. Because the purchase price under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (the plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.10 358.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.43 358.10 Td ( of \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.03 358.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.36 358.10 Td ( discount to the market price\) the fair market value of a share of common stock on the first day of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (each quarterly subscription period, the plan is considered to be a compensatory plan under current accounting guidance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Therefore, 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 49.50 304.10 Td (Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (In connection with the acquisition of the Disbursement business from Higher One and the combination of that business with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (BankMobile technology platform late in second quarter 2016, Customers' chief operating decision makers, our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 256.10 Td (ficer and Board of Directors, began allocating resources and assessing performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.01 256.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.01 256.10 Td ( distinct business segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td ("Community Business Banking" and "BankMobile." ) Tj ET Q q 0 0 0 rg BT 262.31 244.10 Td (The Community Business Banking segment is delivered predominately to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (commercial customers in Southeastern Pennsylvania, New ) Tj ET Q q 0 0 0 rg BT 286.01 232.10 Td (Y) Tj ET Q q 0 0 0 rg BT 292.23 232.10 Td (ork, New Jersey) Tj ET Q q 0 0 0 rg BT 356.29 232.10 Td (, Massachusetts, Rhode Island and New Hampshire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (through a single point of contact business model and provides liquidity to residential mortgage originators nationwide through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (commercial loans to mortgage companies. ) Tj ET Q q 0 0 0 rg BT 220.93 208.10 Td (The BankMobile segment provides state of the art high tech digital banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (disbursement services to consumers, students, and the "under banked" nationwide. BankMobile, as a division of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (Bank, is a full service bank that is accessible to customers anywhere and anytime through the customer's smartphone or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (web-enabled device. Prior to third quarter 2016, Customers operated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.14 172.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.58 172.10 Td ( business segment, Community Banking. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (Additional information regarding reportable segments can be found in NOTE 25 - BUSINESS SEGMENTS.) Tj ET Q 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Derivative Instruments and Hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (ASC 815, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.45 724.25 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.99 724.25 Td ( \(ASC 815\), provides the disclosure requirements for derivatives and hedging activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (with the intent to provide users of financial statements with an enhanced understanding of: \(a\)how and why an entity uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (derivative instruments, \(b\)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 49.50 688.25 Td (instruments and related hedged items af) Tj ET Q q 0 0 0 rg BT 208.44 688.25 Td (fect an entity) Tj ET Q q 0 0 0 rg BT 263.41 688.25 Td (s financial position, financial performance, and cash flows. Further) Tj ET Q q 0 0 0 rg BT 530.98 688.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 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 49.50 664.25 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 49.50 652.25 Td (contingent features in derivative instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (As required by ) Tj ET Q q 0 0 0 rg BT 110.88 628.25 Td (ASC 815, Customers records all derivatives on the balance sheet at fair value.) Tj ET Q q 0 0 0 rg BT 424.77 628.25 Td (The accounting for changes in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.25 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 49.50 604.25 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 49.50 592.25 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 49.50 580.25 Td (asset, liability) Tj ET Q q 0 0 0 rg BT 104.40 580.25 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 49.50 568.25 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 49.50 556.25 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 49.50 544.25 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 49.50 532.25 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 49.50 520.25 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 390.86 520.25 Td (fect of the hedged forecasted transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 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 49.50 496.25 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 49.50 472.25 Td (Prior to first quarter 2014, none of Customers' financial derivatives were designated in qualifying hedge relationships in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (accordance with the applicable accounting guidance. ) Tj ET Q q 0 0 0 rg BT 262.46 460.25 Td (As such, all changes in fair value of the financial derivatives were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (recognized directly in earnings. In March 2014, Customers entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.69 448.25 Td ($150.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.58 448.25 Td ( notional balance forward starting pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (fixed interest rate swap to hedge the variable cash flows associated with the forecasted issuance of debt. In December 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (Customers entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.76 424.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.74 424.25 Td ( additional pay fixed interest rate swaps totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.13 424.25 Td ($175.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.03 424.25 Td ( notional balance to hedge the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (variable cash flows associated with the forecasted issuance of debt. Customers documented and designated these interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (swaps as cash flow hedges. ) Tj ET Q q 0 0 0 rg BT 160.96 400.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 186.59 400.25 Td (fective portion of changes in the fair value of financial derivatives designated and qualifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (as cash flow hedges is recorded in ) Tj ET Q q 0 0 0 rg BT 188.07 388.25 Td (Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (the period that the hedged forecasted transaction af) Tj ET Q q 0 0 0 rg BT 253.40 376.25 Td (fects earnings. ) Tj ET Q q 0 0 0 rg BT 313.47 376.25 Td (The inef) Tj ET Q q 0 0 0 rg BT 346.88 376.25 Td (fective portion of the change in fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (financial derivatives is recognized directly in earnings. ) Tj ET Q q 0 0 0 rg BT 270.53 364.25 Td (Amounts reported in accumulated other comprehensive income related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (to financial derivatives will be reclassified to interest expense as interest payments are made on Customers' variable-rate debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.94 340.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.53 340.25 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.74 340.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.40 340.25 Td ( financial derivatives designated in qualifying hedge relationships with a current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (notional balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.64 328.25 Td ($325.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.53 328.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (Customers has also purchased and sold credit derivatives to either hedge or participate in the performance risk associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (some of its counterparties. ) Tj ET Q q 0 0 0 rg BT 159.85 292.25 Td (These derivatives were not designated in hedge relationships for accounting purposes and are being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (recorded at their fair value, with fair value changes recorded directly in earnings. ) Tj ET Q q 0 0 0 rg BT 377.69 280.25 Td (At December 31, 2016, Customers had an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (outstanding notional balance of credit derivatives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.27 268.25 Td ($44.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.16 268.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (In accordance with the F) Tj ET Q q 0 0 0 rg BT 147.61 244.25 Td (ASB) Tj ET Q q 0 0 0 rg BT 169.84 244.25 Td (s fair value measurement guidance, Customers made an accounting policy election to measure the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (portfolio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (Compr) Tj ET Q q 0 0 0 rg BT 79.87 190.25 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (Comprehensive income \(loss\) consists of net income \(loss\) and other comprehensive income \(loss\).Other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 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 49.50 148.25 Td (reclassification adjustments for realized gains and losses on securities available for sale included in net income. Unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.25 Td (gains and losses on securities available for sale include a component for unrealized changes in foreign currency exchange rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.25 Td (relating to Customers) Tj ET Q q 0 0 0 rg BT 138.19 124.25 Td ( investment in certain foreign equity securities. Other comprehensive income also includes the ef) Tj ET Q q 0 0 0 rg BT 525.66 124.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (portion of changes in fair value of financial derivatives designated and qualifying as cash flow hedges. Cash flow hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (amounts classified as comprehensive income are subsequently reclassified into earnings in the period that the hedged forecasted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.25 Td (transaction af) Tj ET Q q 0 0 0 rg BT 103.46 88.25 Td (fects earnings. ) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Earnings per) Tj ET Q q 0 0 0 rg BT 105.16 742.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 128.04 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 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 49.50 712.25 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 49.50 700.25 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 49.50 688.25 Td (using the treasury stock method.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.39 652.25 Td (Accounting Standards and Updates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (In January 2017, the Financial ) Tj ET Q q 0 0 0 rg BT 172.81 634.25 Td (Accounting Standards Board \("F) Tj ET Q q 0 0 0 rg BT 303.07 634.25 Td (ASB"\) issued ) Tj ET Q q 0 0 0 rg BT 359.38 634.25 Td (Accounting Standards Update \("ASU"\) No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (2017-04, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.83 622.25 Td (Simplifying the T) Tj ET Q q 0 0 0 rg BT 155.24 622.25 Td (est for Goodwill Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.41 622.25 Td (. ) Tj ET Q q 0 0 0 rg BT 276.73 622.25 Td (T) Tj ET Q q 0 0 0 rg BT 282.14 622.25 Td (o simplify the subsequent measurement of goodwill, F) Tj ET Q q 0 0 0 rg BT 499.14 622.25 Td (ASB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (eliminated Step 2 from the goodwill impairment test. Namely) Tj ET Q q 0 0 0 rg BT 295.19 610.25 Td (, an entity had to perform procedures to determine the fair value at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (the impairment testing date of its assets and liabilities \(including unrecognized assets and liabilities\) following the procedure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (that would be required in determining the fair value of assets acquired and liabilities assumed in a business combination. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (Instead, under the amendments in this ) Tj ET Q q 0 0 0 rg BT 203.08 574.25 Td (ASU, an entity should perform its annual, or interim, goodwill impairment test by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (comparing the fair value of a reporting unit with its carrying amount. ) Tj ET Q q 0 0 0 rg BT 327.48 562.25 Td (An entity should recognize an impairment char) Tj ET Q q 0 0 0 rg BT 515.57 562.25 Td (ge for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (amount by which the carrying amount exceeds the reporting unit) Tj ET Q q 0 0 0 rg BT 310.81 550.25 Td (s fair value; however) Tj ET Q q 0 0 0 rg BT 394.54 550.25 Td (, the loss recognized should not exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (the total amount of goodwill allocated to that reporting unit. ) Tj ET Q q 0 0 0 rg BT 291.39 538.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 341.30 538.25 Td (, an entity should consider income tax ef) Tj ET Q q 0 0 0 rg BT 503.29 538.25 Td (fects from any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (applicable. F) Tj ET Q q 0 0 0 rg BT 100.41 514.25 Td (ASB also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. ) Tj ET Q q 0 0 0 rg BT 481.73 502.25 Td (Therefore, the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (impairment assessment applies to all reporting units. ) Tj ET Q q 0 0 0 rg BT 261.69 490.25 Td (An entity is required to disclose the amount of goodwill allocated to each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (reporting unit with a zero or negative carrying amount of net assets. ) Tj ET Q q 0 0 0 rg BT 322.47 478.25 Td (An entity still has the option to perform the qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (assessment for a reporting unit to determine if the quantitative impairment test is necessary) Tj ET Q q 0 0 0 rg BT 412.91 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 417.73 466.25 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 515.50 466.25 Td (ASU are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 454.25 Td (fective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 157.53 442.25 Td (ASU to have a significant impact on its financial statements and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 138.46 418.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.37 418.25 Td (ASU No. 2017-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.42 418.25 Td (Clarifying the Definition of a Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.58 418.25 Td (. Under current guidance, there are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (three elements of a businessinputs, processes, and outputs. ) Tj ET Q q 0 0 0 rg BT 295.66 406.25 Td (While an integrated set of assets and activities \(collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.25 Td (referred to as a set\) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.25 Td (processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (outputs, for example, by integrating the acquired set with their own inputs and processes. ) Tj ET Q q 0 0 0 rg BT 408.40 370.25 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 506.17 370.25 Td (ASU provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (a criterion to determine when a set is not a business. ) Tj ET Q q 0 0 0 rg BT 260.37 358.25 Td (The criterion requires that a set not be deemed to be a business when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (substantially all of the fair value of the gross assets acquired \(or disposed of\) is concentrated in a single identifiable asset or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (group of similar identifiable assets. ) Tj ET Q q 0 0 0 rg BT 192.62 334.25 Td (This criterion reduces the number of transactions that need to be further evaluated. If the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (criterion is not met, the amendments in this ) Tj ET Q q 0 0 0 rg BT 224.75 322.25 Td (ASU \(1\) require that to be considered a business, a set must include, at a minimum, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (an input and a substantive process that together significantly contribute to the ability to create output and \(2\) remove the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (evaluation of whether a market participant could replace missing elements. ) Tj ET Q q 0 0 0 rg BT 351.71 298.25 Td (The amendments provide a framework to assist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (entities in evaluating whether both an input and a substantive process are present. ) Tj ET Q q 0 0 0 rg BT 380.06 286.25 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 477.82 286.25 Td (ASU are ef) Tj ET Q q 0 0 0 rg BT 522.62 286.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (for annual periods beginning after December 15, 2017, including interim periods within those periods. Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 157.53 262.25 Td (ASU to have a significant impact on its financial statements and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (In November 2016, the F) Tj ET Q q 0 0 0 rg BT 149.57 235.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.47 235.25 Td (ASU No. 2016-18, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.53 235.25 Td (Statement of Cash Flows Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.36 235.25 Td (. ) Tj ET Q q 0 0 0 rg BT 447.18 235.25 Td (The amendments in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.25 Td (ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.25 Td (amounts generally described as restricted cash or restricted cash equivalents. ) Tj ET Q q 0 0 0 rg BT 358.37 211.25 Td (Therefore, amounts generally described as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.25 Td (beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 418.40 187.25 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 516.16 187.25 Td (ASU are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 175.25 Td (fective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (expect the adoption to this ) Tj ET Q q 0 0 0 rg BT 156.98 163.25 Td (ASU to have a significant impact on its financial statements and results of operations.) 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 49.50 742.10 Td (In October 2016, the F) Tj ET Q q 0 0 0 rg BT 139.57 742.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 188.47 742.10 Td (ASU No. 2016-17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 266.53 742.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 285.60 742.10 Td (ests Held thr) Tj ET Q q 0 0 0 rg BT 336.34 742.10 Td (ough Related Parties That ) Tj ET Q q 0 0 0 rg BT 443.92 742.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 453.55 742.10 Td (e under Common Contr) Tj ET Q q 0 0 0 rg BT 547.90 742.10 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.68 742.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 147.26 730.10 Td (ASU do not change the characteristics of a primary beneficiary under current guidance. Namely) Tj ET Q q 0 0 0 rg BT 530.34 730.10 Td (, that a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (primary beneficiary of a ) Tj ET Q q 0 0 0 rg BT 148.71 718.10 Td (V) Tj ET Q q 0 0 0 rg BT 154.83 718.10 Td (ariable Interest Entity \(VIE\) has: \(1\) the power to direct the activities of a ) Tj ET Q q 0 0 0 rg BT 451.20 718.10 Td (VIE that most significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (impact the ) Tj ET Q q 0 0 0 rg BT 93.75 706.10 Td (VIE) Tj ET Q q 0 0 0 rg BT 113.19 706.10 Td (s economic performance and \(2\) the obligation to absorb losses of the ) Tj ET Q q 0 0 0 rg BT 394.04 706.10 Td (VIE that could potentially be significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (to the ) Tj ET Q q 0 0 0 rg BT 74.31 694.10 Td (VIE or the right to receive benefits from the ) Tj ET Q q 0 0 0 rg BT 252.68 694.10 Td (VIE that could potentially be significant to the ) Tj ET Q q 0 0 0 rg BT 440.78 694.10 Td (VIE. If a reporting entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (satisfies the first characteristic, \(i.e. it is the single decision maker of a ) Tj ET Q q 0 0 0 rg BT 333.11 682.10 Td (VIE\), the amendments in this ) Tj ET Q q 0 0 0 rg BT 452.54 682.10 Td (ASU require that reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (entity) Tj ET Q q 0 0 0 rg BT 71.62 670.10 Td (, in determining whether it satisfies the second characteristic of a primary beneficiary) Tj ET Q q 0 0 0 rg BT 412.23 670.10 Td (, to include all of its direct variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (interests in a ) Tj ET Q q 0 0 0 rg BT 102.36 658.10 Td (VIE and, on a proportionate basis, its indirect variable interests in a ) Tj ET Q q 0 0 0 rg BT 374.32 658.10 Td (VIE held through related parties, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (related parties that are under common control with the reporting entity) Tj ET Q q 0 0 0 rg BT 330.42 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.24 646.10 Td (Therefore, under the amendments, a single decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (maker is not required to consider indirect interests held through related parties that are under common control with the single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (decision maker to be the equivalent of direct interests in their entirety) Tj ET Q q 0 0 0 rg BT 326.81 622.10 Td (. Instead, a single decision maker is required to include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (those interests on a proportionate basis consistent with indirect interests held through other related parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (If, after performing that assessment, a reporting entity that is the single decision maker of a ) Tj ET Q q 0 0 0 rg BT 416.43 586.10 Td (VIE concludes that it does not have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (the characteristics of a primary beneficiary) Tj ET Q q 0 0 0 rg BT 220.15 574.10 Td (, the amendments continue to require that reporting entity to evaluate whether it and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (one or more of its related parties under common control, as a group, have the characteristics of a primary beneficiary) Tj ET Q q 0 0 0 rg BT 516.17 562.10 Td (. If the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (single decision maker and its related parties that are under common control, as a group, have the characteristics of a primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (beneficiary) Tj ET Q q 0 0 0 rg BT 93.82 538.10 Td (, then the party within the related party group that is most closely associated with the ) Tj ET Q q 0 0 0 rg BT 435.50 538.10 Td (VIE is the primary beneficiary) Tj ET Q q 0 0 0 rg BT 557.02 538.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 147.26 514.10 Td (ASU are ef) Tj ET Q q 0 0 0 rg BT 192.06 514.10 Td (fective for public business entities for fiscal years beginning after December 15, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (including interim periods within those fiscal years. Customers' adoption of this ) Tj ET Q q 0 0 0 rg BT 366.81 502.10 Td (ASU in first quarter 2017 did not have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (significant impact on its financial statements and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (In October 2016, the F) Tj ET Q q 0 0 0 rg BT 139.57 466.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 188.47 466.10 Td (ASU No. 2016-16) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.53 466.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 308.10 466.10 Td (axes, Intra-Entity T) Tj ET Q q 0 0 0 rg BT 388.09 466.10 Td (ransfers of ) Tj ET Q q 0 0 0 rg BT 433.47 466.10 Td (Assets Other Than Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.18 466.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (This ) Tj ET Q q 0 0 0 rg BT 69.23 454.10 Td (ASU requires that an entity recognize the income tax consequences of an intra-entity transfer of an asset other than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (inventory when the transfer occurs. Consequently) Tj ET Q q 0 0 0 rg BT 247.68 442.10 Td (, the amendments in this ) Tj ET Q q 0 0 0 rg BT 347.12 442.10 Td (ASU eliminate the exception for an intra-entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (transfer of an asset other than inventory) Tj ET Q q 0 0 0 rg BT 207.68 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.50 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.91 430.10 Td (wo common examples of assets included in the scope of this ) Tj ET Q q 0 0 0 rg BT 461.48 430.10 Td (ASU are intellectual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (property and property) Tj ET Q q 0 0 0 rg BT 136.04 418.10 Td (, plant, and equipment. Intra-entity transfers of inventory will continue to follow existing US GAAP) Tj ET Q q 0 0 0 rg BT 535.70 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 540.52 418.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (amendments in this ) Tj ET Q q 0 0 0 rg BT 129.22 406.10 Td (ASU do not include new disclosure requirements; however) Tj ET Q q 0 0 0 rg BT 365.15 406.10 Td (, existing disclosure requirements might be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 87.18 382.10 Td (. For public business entities, the amendments in this ) Tj ET Q q 0 0 0 rg BT 300.77 382.10 Td (ASU are ef) Tj ET Q q 0 0 0 rg BT 345.57 382.10 Td (fective for annual reporting periods beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (all entities as of the beginning of an annual reporting period for which financial statements \(interim or annual\) have not been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (issued or made available for issuance. Customers is currently evaluating the impact of this ) Tj ET Q q 0 0 0 rg BT 412.46 346.10 Td (ASU on its financial condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (results of operations and consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 310.10 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 135.71 310.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 184.61 310.10 Td (ASU No. 2016-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 262.66 310.10 Td (Statement of Cash Flows: Classification of Certain Cash Receipts and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (Cash Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.44 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.26 298.10 Td (This ) Tj ET Q q 0 0 0 rg BT 135.98 298.10 Td (ASU is aimed at reducing the existing diversity in practice with regards to the following specific items in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (the Statement of Cash Flows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 268.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 268.10 Td (Cash payments for debt prepayment or extinguishment costs will be classified in financing activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 250.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 250.10 Td (Upon settlement of zero-coupon bonds and bonds with insignificant cash coupons, the portion of the payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 238.10 Td (attributable to imputed interest will be classified as an operating activity) Tj ET Q q 0 0 0 rg BT 409.65 238.10 Td (, while the portion of the payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 226.10 Td (attributable to principal will be classified as a financing activity) Tj ET Q q 0 0 0 rg BT 375.49 226.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 208.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 208.10 Td (Cash paid by an acquirer that isn) Tj ET Q q 0 0 0 rg BT 255.72 208.10 Td (t soon after a business combination for the settlement of a contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 196.10 Td (consideration liability will be separated between financing activities and operating activities. Cash payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 184.10 Td (up to the amount of the contingent consideration liability recognized at the acquisition date will be classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 172.10 Td (in financing activities; any excess will be classified in operating activities. Cash paid soon after the business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 160.10 Td (combination will be classified in investing activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 142.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 142.10 Td (Cash proceeds received from the settlement of insurance claims will be classified on the basis of the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 130.10 Td (insurance coverage \(that is, the nature of the loss\). Cash proceeds from lump-sum settlements will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 118.10 Td (classified based on the nature of each loss included in the settlement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 100.10 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 100.10 Td (Cash proceeds received from the settlement of bank-owned life insurance \(BOLI\) policies will be classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 88.10 Td (as cash inflows from investing activities. Cash payments for premiums on BOLI may be classified as cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 76.10 Td (outflows for investing, operating, or a combination of both. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 58.10 Td (6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 58.10 Td (A) Tj ET Q q 0 0 0 rg BT 128.17 58.10 Td ( transferor) Tj ET Q q 0 0 0 rg BT 169.91 58.10 Td () Tj ET Q q 0 0 0 rg BT 172.69 58.10 Td (s beneficial interest obtained in a securitization of financial assets will be disclosed as a non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 46.10 Td (activity) Tj ET Q q 0 0 0 rg BT 150.84 46.10 Td (, and cash received from beneficial interests will be classified in investing activities. ) 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 103.50 742.10 Td (7. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 742.10 Td (Distributions received from equity method investees will be classified using either a cumulative earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 730.10 Td (approach or a look-through approach as an accounting policy election. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.00 712.10 Td (ASU contains additional guidance clarifying when an entity should separate cash receipts and cash payments and classify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (them into more than one class of cash flows \(including when reasonable judgment is required to estimate and allocate cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (flows\) versus when an entity should classify the aggregate amount into one class of cash flows on the basis of predominance.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.21 688.10 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (F) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.51 676.10 Td (or public business entities, the amendments are ef) Tj ET Q q 0 0 0 rg BT 253.16 676.10 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 49.50 664.10 Td (periods within those fiscal years. Customers is currently evaluating the impact of this ) Tj ET Q q 0 0 0 rg BT 392.21 664.10 Td (ASU and does not expect this ) Tj ET Q q 0 0 0 rg BT 512.75 664.10 Td (ASU to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (have a material impact on the presentation of its statement of cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.10 Td (In June 2016, the F) Tj ET Q q 0 0 0 rg BT 125.70 628.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 174.60 628.10 Td (ASU No. 2016-13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 247.65 628.10 Td (, Financial Instruments - Cr) Tj ET Q q 0 0 0 rg BT 359.78 628.10 Td (edit Losses: Measur) Tj ET Q q 0 0 0 rg BT 439.96 628.10 Td (ement of Cr) Tj ET Q q 0 0 0 rg BT 486.80 628.10 Td (edit Losses on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 616.10 Td (Financial Instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 616.10 Td (This ) Tj ET Q q 0 0 0 rg BT 162.83 616.10 Td (ASU requires an entity to utilize a new impairment model known as the current expected credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (loss \("CECL"\) model to estimate lifetime expected credit loss and record an allowance that, when deducted from the amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. ) Tj ET Q q 0 0 0 rg BT 465.56 592.10 Td (The CECL) Tj ET Q q 0 0 0 rg BT 508.80 592.10 Td ( model is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (expected to result in earlier recognition of credit losses. ) Tj ET Q q 0 0 0 rg BT 276.18 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.68 580.10 Td (ASU also requires new disclosures for financial assets measured at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (amortized cost, loans, and available for sale debt securities. For public business entities, the amendments in this ) Tj ET Q q 0 0 0 rg BT 500.51 568.10 Td (ASU are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 556.10 Td (fective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Customers is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (currently evaluating the impact of this ) Tj ET Q q 0 0 0 rg BT 203.90 544.10 Td (ASU, initiating implementation ef) Tj ET Q q 0 0 0 rg BT 340.36 544.10 Td (forts across the company) Tj ET Q q 0 0 0 rg BT 439.41 544.10 Td (, and planning for loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (modeling requirements consistent with lifetime expected loss estimates. ) Tj ET Q q 0 0 0 rg BT 338.97 532.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 421.74 532.10 Td (ASU could have a material impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (on Customers' financial condition, results of operations and consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 427.42 520.10 Td (The extent of the impact upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (adoption will likely depend on the characteristics of Customers loan portfolio and economic conditions at that date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.46 484.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.37 484.10 Td (ASU No. 2016-09) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 255.42 484.10 Td (, Compensation - Stock Compensation: Impr) Tj ET Q q 0 0 0 rg BT 433.37 484.10 Td (ovements to Employee Shar) Tj ET Q q 0 0 0 rg BT 543.80 484.10 Td (e-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (Based Payment ) Tj ET Q q 0 0 0 rg BT 113.74 472.10 Td (Accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.29 472.10 Td (The F) Tj ET Q q 0 0 0 rg BT 187.15 472.10 Td (ASB issued this ) Tj ET Q q 0 0 0 rg BT 253.00 472.10 Td (ASU as part of its initiative to reduce complexity in accounting standards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (The areas for simplification in this ) Tj ET Q q 0 0 0 rg BT 189.47 460.10 Td (ASU involve several aspects of the accounting for employee share-based payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (the statement of cash flows. Some areas for simplification apply only to non-public entities. For public business entities, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (amendments are ef) Tj ET Q q 0 0 0 rg BT 124.84 424.10 Td (fective for annual periods beginning after December 15, 2016, and interim periods within those annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (periods. In addition, the amendments in this ) Tj ET Q q 0 0 0 rg BT 229.48 412.10 Td (ASU eliminate the guidance in ) Tj ET Q q 0 0 0 rg BT 355.10 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 360.51 412.10 Td (opic 718 that was indefinitely deferred shortly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (after the issuance of F) Tj ET Q q 0 0 0 rg BT 137.06 400.10 Td (ASB Statement No. 123 \(revised 2004\), ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 299.26 400.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 317.78 400.10 Td (e-Based Payment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.97 400.10 Td ( In fourth quarter 2016, Customers elected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (to early-adopt this ) Tj ET Q q 0 0 0 rg BT 124.21 388.10 Td (ASU and has retroactively applied the guidance ef) Tj ET Q q 0 0 0 rg BT 325.34 388.10 Td (fective as of January 1, 2016. ) Tj ET Q q 0 0 0 rg BT 447.25 388.10 Td (As a result of the early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (adoption, Customers recognized excess tax benefits as a reduction of income tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.66 376.10 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.55 376.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 364.10 Td (, which would have been recognized as an increase in additional paid in capital prior to the adoption. ) Tj ET Q q 0 0 0 rg BT 535.82 364.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (adoption of the ) Tj ET Q q 0 0 0 rg BT 111.99 352.10 Td (ASU resulted in an increase in weighted average diluted shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.73 352.10 Td (559,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.23 352.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (2016 as excess tax benefits are no longer included in assumed proceeds when determining diluted shares outstanding under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (treasury method. Customers adopted the amendments to presentation requirements for the statement of cash flows on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (prospective basis and the impact of adopting these amendments was not material.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (The following tables provide a summary of the quarterly impact of the adoption of ) Tj ET Q q 0 0 0 rg BT 381.63 292.10 Td (ASU 2016-09 on current and previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (reported financial statements and results of operations:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 64.75 187.60 154.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.75 187.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.75 187.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.75 187.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.75 187.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.75 187.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.75 187.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.75 187.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 187.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.75 159.60 154.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.75 159.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.75 159.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.75 159.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.75 159.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.75 159.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.75 159.60 5.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.75 159.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 159.60 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 64.75 122.60 154.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.75 122.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.75 122.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.75 122.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.75 122.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.75 122.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.75 122.60 5.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.75 122.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.75 122.60 53.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.75 236.60000000000002 m 271.75 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.75 236.60000000000002 m 324.75 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 236.60000000000002 m 381.75 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.75 236.60000000000002 m 434.75 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.75 236.60000000000002 m 492.75 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 236.60000000000002 m 545.75 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.75 202.60000000000002 m 271.75 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.75 202.60000000000002 m 324.75 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.75 202.60000000000002 m 381.75 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.75 202.60000000000002 m 434.75 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.75 202.60000000000002 m 492.75 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.75 202.60000000000002 m 545.75 202.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.60 248.86 Td (Quarter ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.10 239.86 Td (September 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.60 248.86 Td (Quarter ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.10 239.86 Td (June 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.60 248.86 Td (Quarter ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.60 239.86 Td (March 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.25 216.06 Td (\(amounts in thousands, except share and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.25 207.06 Td (per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.70 225.06 Td (As) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.45 216.06 Td (Previously) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.25 207.06 Td (Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.10 225.06 Td (As Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.85 216.06 Td (Under New) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.50 207.06 Td (Guidance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.70 225.06 Td (As) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.45 216.06 Td (Previously) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.25 207.06 Td (Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.10 225.06 Td (As Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.85 216.06 Td (Under New) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 207.06 Td (Guidance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.70 225.06 Td (As) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.45 216.06 Td (Previously) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 207.06 Td (Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.10 225.06 Td (As Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.85 216.06 Td (Under New) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.50 207.06 Td (Guidance) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 67.25 190.64633789062498 m 145.7275390625 190.64633789062498 l s q 0 0 0 rg BT 67.25 192.05 Td (Statement of income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.25 178.06 Td (Provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.25 178.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 178.06 Td (14,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.25 178.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 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9.00 Tf ET q 0 0 0 rg BT 442.25 111.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.00 111.06 Td (0.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 111.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 111.06 Td (0.58) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.25 97.86 Td (Weighted-average number of common) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 67.25 88.86 Td (shares - diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.25 89.06 Td (29,149,734) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.25 89.06 Td (29,697,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 89.06 Td (28,971,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.25 89.06 Td (29,504,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 89.06 Td (28,783,101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.25 89.06 Td (29,271,255) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 247 0 obj <>] /Rotate 0 /Contents 248 0 R>> endobj 248 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 (122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.46 742.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.37 742.10 Td (ASU No. 2016-07, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.42 742.10 Td (Investments - Equity Method and Joint V) Tj ET Q q 0 0 0 rg BT 422.61 742.10 Td (entur) Tj ET Q q 0 0 0 rg BT 443.34 742.10 Td (es.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.17 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.49 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 461.90 742.10 Td (o simplify the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (accounting for equity method investments, the amendments in the ) Tj ET Q q 0 0 0 rg BT 315.00 730.10 Td (ASU eliminate the requirement in ) Tj ET Q q 0 0 0 rg BT 452.83 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 458.25 730.10 Td (opic 323, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 497.96 730.10 Td (Investments - ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (Equity Method and Joint V) Tj ET Q q 0 0 0 rg BT 156.15 718.10 Td (entur) Tj ET Q q 0 0 0 rg BT 176.88 718.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.32 718.10 Td (, that an entity retroactively adopt the equity method of accounting if an investment qualifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (for use of the equity method as a result of an increase in the level of ownership or degree of influence. ) Tj ET Q q 0 0 0 rg BT 460.28 706.10 Td (The amendments require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (investor) Tj ET Q q 0 0 0 rg BT 82.09 682.10 Td () Tj ET Q q 0 0 0 rg BT 84.87 682.10 Td (s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (for equity method accounting. ) Tj ET Q q 0 0 0 rg BT 172.34 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.84 670.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 229.10 670.10 Td (fective for all entities for fiscal years beginning after December 15, 2016, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (interim periods within those fiscal years. ) Tj ET Q q 0 0 0 rg BT 214.56 658.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 297.33 658.10 Td (ASU in first quarter 2017did not have a significant impact on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Customers' financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.46 622.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.37 622.10 Td (ASU No. 2016-06, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.42 622.10 Td (Derivatives and Hedging: Contingent Put and Call Options in Debt ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (Instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.22 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.54 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.95 610.10 Td (opic 815, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 146.67 610.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.20 610.10 Td (, requires that embedded derivatives be separated from the host contract and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (accounted for separately as derivatives if certain criteria are met, including the clearly and closely related criterion. ) Tj ET Q q 0 0 0 rg BT 520.48 598.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (amendments in this ) Tj ET Q q 0 0 0 rg BT 129.22 586.10 Td (ASU clarify the requirements for assessing whether contingent call \(put\) options that can accelerate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (payment of principal on debt instruments are clearly and closely related to their debt hosts. ) Tj ET Q q 0 0 0 rg BT 414.39 574.10 Td (An entity performing the assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (under the amendments is required to assess the embedded call \(put\) options solely in accordance with the four) Tj ET Q q 0 0 0 rg BT 489.45 562.10 Td (-step decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (sequence. Namely) Tj ET Q q 0 0 0 rg BT 122.15 550.10 Td (, this decision sequence requires that an entity consider whether:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 532.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 532.10 Td (the payof) Tj ET Q q 0 0 0 rg BT 158.80 532.10 Td (f is adjusted based on changes in an index;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 514.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 514.10 Td (the payof) Tj ET Q q 0 0 0 rg BT 158.80 514.10 Td (f is indexed to an underlying other than interest rates or credit risk;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 496.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 496.10 Td (the debt involves a substantial premium or discount; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 478.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 478.10 Td (the call \(put\) option is contingently exercisable.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.46 382.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.37 382.10 Td (ASU No. 2016-05, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.42 382.10 Td (Derivatives and Hedging: Effect of Derivative Contract Novations on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Existing Hedge ) Tj ET Q q 0 0 0 rg BT 113.19 370.10 Td (Accounting Relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.68 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.50 370.10 Td (The term novation refers to replacing one counterparty to a derivative instrument ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (with a new counterparty) Tj ET Q q 0 0 0 rg BT 145.76 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.58 358.10 Td (That change occurs for a variety of reasons, including financial institution mer) Tj ET Q q 0 0 0 rg BT 464.18 358.10 Td (gers, intercompany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (transactions, an entity exiting a particular derivatives business or relationship, an entity managing against internal credit limits, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (or in response to laws or regulatory requirements. ) Tj ET Q q 0 0 0 rg BT 250.65 334.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 348.42 334.10 Td (ASU clarify that a change in the counterparty to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (derivative instrument that has been designated as the hedging instrument under ) Tj ET Q q 0 0 0 rg BT 367.84 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 373.25 322.10 Td (opic 815, does not, in and of itself, require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. For public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (business entities, the amendments are ef) Tj ET Q q 0 0 0 rg BT 209.83 298.10 Td (fective for financial statements issued for fiscal years beginning after December 15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (2016, and interim periods within those fiscal years. ) Tj ET Q q 0 0 0 rg BT 256.50 286.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 339.27 286.10 Td (ASU in first quarter 2017 did not have a significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (impact on Customers' financial condition or results of operations.) 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Subtopic 405-20, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.78 190.10 Td (Extinguishment of Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.34 190.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (includes derecognition guidance for both financial liabilities and nonfinancial liabilities, and ) Tj ET Q q 0 0 0 rg BT 421.43 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.84 178.10 Td (opic 606, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 466.56 178.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 509.22 178.10 Td (om ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.95 166.10 Td ( with Customers, includes authoritative breakage guidance but excludes financial liabilities. ) Tj ET Q q 0 0 0 rg BT 457.83 166.10 Td (The amendments in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (ASU provide a narrow scope exception to the guidance in Subtopic 405-20 to require that breakage be accounted for consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (with the breakage guidance in ) Tj ET Q q 0 0 0 rg BT 171.77 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 177.18 142.10 Td (opic 606. For public business entities, the amendments are ef) Tj ET Q q 0 0 0 rg BT 423.61 142.10 Td (fective for financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 157.53 118.10 Td (ASU to have a significant impact on its financial condition or results of operations.) Tj ET Q 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 143.46 742.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.37 742.10 Td (ASU No. 2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 270.42 742.10 Td (Leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.14 742.10 Td ( From the lessee's perspective, the new standard establishes a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (right-of-use \(ROU\) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (with terms longer than 12 months. Leases will be classified as either finance or operating, with classification af) Tj ET Q q 0 0 0 rg BT 493.91 718.10 Td (fecting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (pattern of expense recognition in the income statement for a lessee. From the lessor's perspective, the new standard requires a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (lessor to classify leases as either sales-type, finance or operating. ) Tj ET Q q 0 0 0 rg BT 313.58 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 320.25 694.10 Td ( lease will be treated as a sale if it transfers all of the risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (control, the lease is treated as a financing. If the lessor doesn) Tj ET Q q 0 0 0 rg BT 298.12 670.10 Td (t convey risks and rewards or control, an operating lease results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (The new standard is ef) Tj ET Q q 0 0 0 rg BT 139.84 658.10 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 49.50 646.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 77.55 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 84.22 646.10 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 49.50 634.10 Td (into after) Tj ET Q q 0 0 0 rg BT 85.47 634.10 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 49.50 622.10 Td (expedients available. ) Tj ET Q q 0 0 0 rg BT 137.80 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 144.47 622.10 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 49.50 610.10 Td (operating leases existing at, or entered into after) Tj ET Q q 0 0 0 rg BT 241.25 610.10 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 49.50 598.10 Td (statements, with certain practical expedients available. Customers is currently evaluating the impact of this ) Tj ET Q q 0 0 0 rg BT 481.31 598.10 Td (ASU on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (financial condition and results of operations and expects to recognize right-of-use assets and lease liabilities for substantially all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (of its operating lease commitments disclosed in NOTE 10 - BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 370.03 574.10 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 451.79 574.10 Td ( based on the present value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (of unpaid lease payments as of the date of adoption. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (In January 2016, the F) Tj ET Q q 0 0 0 rg BT 138.46 538.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.37 538.10 Td (ASU No. 2016-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.42 538.10 Td (Financial Instruments - Overall.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.40 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.72 538.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 481.04 538.10 Td (ASU among other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (things, \(1\) requires equity investments with certain exceptions, to be measured at fair value with changes in fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (recognized in net income, \(2\) simplifies the impairment assessment of equity investments without readily determinable fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (values by requiring a qualitative assessment to identify impairment, \(3\) eliminates the requirement for public businesses entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (instruments measured at amortized cost on the balance sheet, \(4\) requires public business entities to use the exit price notion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (when measuring the fair value of financial instruments for disclosure purposes, \(5\) requires an entity to present separately in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (other comprehensive income the portion of the change in fair value of a liability resulting from a change in the instrument-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (financial instruments, \(6\) requires separate presentation of financial assets and financial liabilities by measurement category ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (and form of financial asset on the balance sheet or the accompanying notes to the financial statements and \(7\) clarifies that an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (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 462.45 406.10 Td (-sale securities. ) Tj ET Q q 0 0 0 rg BT 528.91 406.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (guidance in this ) Tj ET Q q 0 0 0 rg BT 114.77 394.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 154.03 394.10 Td (fective for fiscal years beginning after December 15, 2017, including interim periods within those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (fiscal years. Customers does not expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 291.67 382.10 Td (ASU to have a significant impact on its financial condition or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (In November 2015, the F) Tj ET Q q 0 0 0 rg BT 149.57 346.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.47 346.10 Td (ASU No. 2015-17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.53 346.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 313.10 346.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.87 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.69 346.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 433.46 346.10 Td (ASU, which will align the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (presentation of deferred income tax assets and liabilities with International Financial Reporting Standards \(IFRS\), require that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (deferred tax liabilities and assets be classified as non-current in a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 478.34 322.10 Td (The amendments in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (this ) Tj ET Q q 0 0 0 rg BT 65.90 310.10 Td (ASU apply to all entities that present a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 389.52 310.10 Td (The current requirement that deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (liabilities and assets of a tax-paying component of an entity be of) Tj ET Q q 0 0 0 rg BT 310.08 298.10 Td (fset and presented as a single amount is not af) Tj ET Q q 0 0 0 rg BT 493.46 298.10 Td (fected by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (amendments in this ) Tj ET Q q 0 0 0 rg BT 129.22 286.10 Td (ASU. ) Tj ET Q q 0 0 0 rg BT 154.04 286.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 251.80 286.10 Td (ASU were ef) Tj ET Q q 0 0 0 rg BT 303.83 286.10 Td (fective for financial statements issued for annual periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (beginning after December 15, 2016, and interim periods within those annual periods. ) Tj ET Q q 0 0 0 rg BT 391.73 274.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 474.50 274.10 Td (ASU in first quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (2017 did not have a significant impact on Customers' financial condition or results of operations.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 124.10 Td (April 2015 and ) Tj ET Q q 0 0 0 rg BT 122.27 124.10 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 198.20 124.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 247.10 124.10 Td (ASU 2015-03, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 307.94 124.10 Td (Simplifying the Pr) Tj ET Q q 0 0 0 rg BT 380.33 124.10 Td (esentation of Debt Issuance Costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.38 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.76 124.10 Td (ASU) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 554.77 124.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (2015-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.83 112.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.46 112.10 Td (esentation and Subsequent Measur) Tj ET Q q 0 0 0 rg BT 236.79 112.10 Td (ement of Debt Issuance Costs ) Tj ET Q q 0 0 0 rg BT 357.42 112.10 Td (Associated with Line-of-Cr) Tj ET Q q 0 0 0 rg BT 465.38 112.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 482.70 112.10 Td (Arrangements- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (Amendments to SEC Paragraphs Pursuant to Staff ) Tj ET Q q 0 0 0 rg BT 254.04 100.10 Td (Announcement at June 18, 2015 EITF Meeting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.49 100.10 Td (respectively) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 494.80 100.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.30 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.62 100.10 Td (The guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.10 Td (in these ) Tj ET Q q 0 0 0 rg BT 82.27 88.10 Td (ASUs is intended to simplify the 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 76.10 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 64.10 Td (consistent with debt discounts and is applicable on a retrospective basis. ) Tj ET Q q 0 0 0 rg BT 342.86 64.10 Td (The guidance in these ) Tj ET Q q 0 0 0 rg BT 432.28 64.10 Td (ASUs was ef) Tj ET Q q 0 0 0 rg BT 484.31 64.10 Td (fective for interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (and annual periods beginning after December15, 2015. ) Tj ET Q q 0 0 0 rg BT 274.25 52.10 Td (The adoption of these ) Tj ET Q q 0 0 0 rg BT 363.11 52.10 Td (ASUs on January 1, 2016 resulted in a ) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (reclassification adjustment, which reduced "Other borrowings" by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.48 742.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.37 742.10 Td ( and "Subordinated debt" by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.01 742.10 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.91 742.10 Td (, with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (corresponding decrease in "Other assets" of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.49 730.10 Td ($3.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.38 730.10 Td ( as of December 31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.10 Td (In February 2015, the F) Tj ET Q q 0 0 0 rg BT 143.46 712.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.37 712.10 Td (ASU No. 2015-02,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.92 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.24 712.10 Td (Amendments to the Consolidation ) Tj ET Q q 0 0 0 rg BT 407.83 712.10 Td (Analysis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.22 712.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.54 712.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 529.85 712.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 700.10 Td (fects reporting entities that must determine whether they should consolidate certain legal entities. ) Tj ET Q q 0 0 0 rg BT 450.40 700.10 Td (This ) Tj ET Q q 0 0 0 rg BT 470.13 700.10 Td (ASU modifies the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (evaluation of whether limited partnerships or similar legal entities are variable interest entities \(VIEs\) or voting interest entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (eliminates the presumption that a general partner should consolidate a limited partnership and af) Tj ET Q q 0 0 0 rg BT 434.48 676.10 Td (fects the consolidation analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.10 Td (of reporting entities that are involved with ) Tj ET Q q 0 0 0 rg BT 220.66 664.10 Td (VIEs, particularly those that have fee arrangements and related party relationships. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 132.82 652.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 180.96 652.10 Td (fective for annual and interim periods beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 480.95 652.10 Td (The adoption of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.10 Td (ASU in first quarter 2016 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 49.50 622.10 Td ( In January 2015, the F) Tj ET Q q 0 0 0 rg BT 140.96 622.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 189.87 622.10 Td (ASU No. 2015-01,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.42 622.10 Td ( Income Statement - Extraor) Tj ET Q q 0 0 0 rg BT 378.35 622.10 Td (dinary and Unusual Items \(Subtopic 225-20\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (Simplifying Income Statement Pr) Tj ET Q q 0 0 0 rg BT 181.04 610.10 Td (esentation by Eliminating the Concept of Extraor) Tj ET Q q 0 0 0 rg BT 377.86 610.10 Td (dinary Items.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.63 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.95 610.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 516.27 610.10 Td (ASU was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (issued as part of the F) Tj ET Q q 0 0 0 rg BT 136.24 598.10 Td (ASB's initiative to reduce complexity in accounting standards and eliminates from GAAP) Tj ET Q q 0 0 0 rg BT 495.10 598.10 Td ( the concept of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (extraordinary items. ) Tj ET Q q 0 0 0 rg BT 132.35 586.10 Td (The guidance in this update is ef) Tj ET Q q 0 0 0 rg BT 262.13 586.10 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 49.50 574.10 Td (beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 196.21 574.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 278.98 574.10 Td (ASU in first quarter 2016 did not have an impact on Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (In November 2014, the F) Tj ET Q q 0 0 0 rg BT 149.57 538.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.47 538.10 Td (ASU No. 2014-16, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.53 538.10 Td (Derivatives and Hedging: Determining Whether the Host contract in a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (Hybrid Financial Instrument in the Form of a Shar) Tj ET Q q 0 0 0 rg BT 253.56 526.10 Td (e is Mor) Tj ET Q q 0 0 0 rg BT 286.52 526.10 Td (e ) Tj ET Q q 0 0 0 rg BT 293.27 526.10 Td (Akin to Debt or to Equity) Tj ET Q q 0 0 0 rg BT 393.54 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.04 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.36 526.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 481.67 526.10 Td (ASU requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (entities that issue or invest in a hybrid financial instrument to separate an embedded derivative feature from a host contract and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (account for the feature as a derivative. In the case of derivatives embedded in a hybrid financial instrument that is issued in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (form of a share, that criterion requires evaluating whether the nature of the host contract is more akin to debt or to equity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (whether the economic characteristics and risks of the embedded derivative feature are clearly and closely related to the host ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (contract. If the host contract is akin to equity) Tj ET Q q 0 0 0 rg BT 227.96 466.10 Td (, then equity-like features \(for example, a conversion option\) are considered clearly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (and closely related to the host contract and, thus, would not be separated from the host contract. If the host contract is akin to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (debt, then equity-like features are not considered clearly and closely related to the host contract. In the latter case, an entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (may be required to separate the equity-like embedded derivative feature from the debt host contract if certain other criteria in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (Subtopic 815-15 are met. Similarly) Tj ET Q q 0 0 0 rg BT 189.66 418.10 Td (, debt-like embedded derivative features may require separate accounting from an equity-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (like host contract. ) Tj ET Q q 0 0 0 rg BT 125.69 406.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 209.00 406.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 248.26 406.10 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 49.50 394.10 Td (beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 201.21 394.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 283.98 394.10 Td (ASU in first quarter 2016 did not have an impact on Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 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 No. 2014-13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 257.66 358.10 Td (, Consolidation: Measuring the Financial ) Tj ET Q q 0 0 0 rg BT 426.92 358.10 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: \(1\) 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 \(2\) 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 was ef) Tj ET Q q 0 0 0 rg BT 439.56 298.10 Td (fective in first quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 132.27 286.10 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 49.50 262.10 Td (In June 2014, the F) Tj ET Q q 0 0 0 rg BT 125.70 262.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 174.60 262.10 Td (ASU No. 2014-12, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 252.65 262.10 Td (Compensation-Stock Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.70 262.10 Td (.) Tj ET Q q 0 0 0 rg BT 400.52 262.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 483.83 262.10 Td (ASU requires that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (a performance tar) Tj ET Q q 0 0 0 rg BT 119.83 250.10 Td (get that af) Tj ET Q q 0 0 0 rg BT 159.63 250.10 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 49.50 238.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 91.72 238.10 Td (As such, the performance tar) Tj ET Q q 0 0 0 rg BT 206.77 238.10 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 49.50 226.10 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 484.74 226.10 Td (get will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 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 49.50 202.10 Td (rendered. If the performance tar) Tj ET Q q 0 0 0 rg BT 176.74 202.10 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 49.50 190.10 Td (unrecognized cost should be recognized prospectively over the remaining requisite service period. ) Tj ET Q q 0 0 0 rg BT 444.46 190.10 Td (The total amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 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 49.50 166.10 Td (expected to vest and should be adjusted to reflect those awards that ultimately vest. ) Tj ET Q q 0 0 0 rg BT 384.50 166.10 Td (The requisite service period ends when the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 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 449.42 154.10 Td (get is achieved. ) Tj ET Q q 0 0 0 rg BT 515.79 154.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (indicated in the definition of vest, the stated vesting period \(which includes the period in which the performance tar) Tj ET Q q 0 0 0 rg BT 511.12 142.10 Td (get could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (achieved\) may dif) Tj ET Q q 0 0 0 rg BT 121.51 130.10 Td (fer from the requisite service period. ) Tj ET Q q 0 0 0 rg BT 269.88 130.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 353.19 130.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 401.34 130.10 Td (fective in first quarter 2016. ) Tj ET Q q 0 0 0 rg BT 515.56 130.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (adoption of this ) Tj ET Q q 0 0 0 rg BT 114.22 118.10 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 94.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 125.70 94.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 174.60 94.10 Td (ASU No. 2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 252.65 94.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 295.32 94.10 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.50 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 421.81 94.10 Td (This ) Tj ET Q q 0 0 0 rg BT 441.54 94.10 Td (ASU establishes a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (comprehensive revenue recognition standard for virtually all industries following U.S. GAAP) Tj ET Q q 0 0 0 rg BT 423.31 82.10 Td (, including those that previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (followed industry-specific guidance such as the real estate and construction industries.) Tj ET Q q 0 0 0 rg BT 397.55 70.10 Td (The revenue standard) Tj ET Q q 0 0 0 rg BT 486.39 70.10 Td (s core principal is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which ) Tj ET Q 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 49.50 742.10 Td (the vendor is entitled. ) Tj ET Q q 0 0 0 rg BT 138.46 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 143.88 742.10 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 537.25 742.10 Td (, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (identify the performance obligations in the contract, \(iii\) identify the transaction price, \(iv\) allocate the transaction price to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (performance obligations in the contract, and \(v\) recognize revenue when \(or as\) the entity satisfies the performance obligation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (Three basic transition methods are available - full retrospective, retrospective with certain practical expedients, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (cumulative ef) Tj ET Q q 0 0 0 rg BT 104.02 694.10 Td (fect approach. Under the cumulative ef) Tj ET Q q 0 0 0 rg BT 259.87 694.10 Td (fect alternative, an entity would apply the new revenue standard only to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (contracts that are incomplete under legacy U.S. GAAP) Tj ET Q q 0 0 0 rg BT 268.23 682.10 Td ( at the date of initial application and recognize the cumulative ef) Tj ET Q q 0 0 0 rg BT 525.44 682.10 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (the new standard as an adjustment to the opening balance of retained earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td ( In ) Tj ET Q q 0 0 0 rg BT 62.28 646.10 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 138.21 646.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.11 646.10 Td (ASU No. 2015-14, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.16 646.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 307.83 646.10 Td (om) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.05 646.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.55 646.10 Td (Contracts with Customers: Deferral of the Effective Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.68 646.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 132.82 634.10 Td (ASU is now ef) Tj ET Q q 0 0 0 rg BT 191.80 634.10 Td (fective for annual reporting periods beginning after December15, 2017, including interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (reporting periods within that reporting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 133.46 598.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.37 598.10 Td (ASU No. 2016-08, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 260.42 598.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 303.08 598.10 Td (om Contracts with Customers: Principal versus ) Tj ET Q q 0 0 0 rg BT 496.24 598.10 Td (Agent ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (Considerations \(Reporting Revenue Gr) Tj ET Q q 0 0 0 rg BT 206.05 586.10 Td (oss versus Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.27 586.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 271.42 586.10 Td (While the ) Tj ET Q q 0 0 0 rg BT 312.52 586.10 Td (ASU does not change the core provisions of ) Tj ET Q q 0 0 0 rg BT 491.19 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 496.60 586.10 Td (opic 606, it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (clarifies the implementation guidance on principal versus agent considerations. Namely) Tj ET Q q 0 0 0 rg BT 399.29 574.10 Td (, the ) Tj ET Q q 0 0 0 rg BT 418.46 574.10 Td (ASU clarifies and of) Tj ET Q q 0 0 0 rg BT 500.75 574.10 Td (fers guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (to help determine when the reporting entity is providing goods or services to a customer itself \(i.e., the entity is a principal\), or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (merely arranging for that good or service to be provided by the other party \(i.e., the reporting entity is an agent\). If the entity is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (a principal, it recognizes revenue in the gross amount of consideration to which it expects to be entitled in exchange for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (specified good or service transferred to the customer) Tj ET Q q 0 0 0 rg BT 259.14 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.96 526.10 Td (When the reporting entity is an agent, it recognizes revenue in the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (of any fee or commission to which it expects to be entitled in exchange for arranging for the specified good or service to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (provided by the other party) Tj ET Q q 0 0 0 rg BT 157.71 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 162.16 502.10 Td (An entity is a principal if it controls the specified good or service before that good or service is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (transferred to a customer) Tj ET Q q 0 0 0 rg BT 148.63 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.45 490.10 Td (The guidance includes indicators to assist in determining whether the control criteria are met. If a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (contract with a customer includes more than one specified good or service, an entity could be a principal for some specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (goods or services and an agent for others. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 442.10 Td (April 2016, the F) Tj ET Q q 0 0 0 rg BT 127.92 442.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 176.82 442.10 Td (ASU No. 2016-10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 249.88 442.10 Td (, Revenue fr) Tj ET Q q 0 0 0 rg BT 297.54 442.10 Td (om Contracts with Customers: Identifying Performance ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (Obligations and Licensing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.11 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.43 430.10 Td (This ) Tj ET Q q 0 0 0 rg BT 180.16 430.10 Td (ASU clarifies guidance related to identifying performance obligations and licensing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (implementation guidance contained in the new revenue recognition standard. ) Tj ET Q q 0 0 0 rg BT 359.77 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 377.26 418.10 Td (ASU includes tar) Tj ET Q q 0 0 0 rg BT 445.96 418.10 Td (geted improvements based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (on input the F) Tj ET Q q 0 0 0 rg BT 104.59 406.10 Td (ASB received from the ) Tj ET Q q 0 0 0 rg BT 199.38 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 205.14 406.10 Td (ransition Resource Group for Revenue Recognition and other stakeholders.) Tj ET Q q 0 0 0 rg BT 508.21 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 525.71 406.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (seeks to proactively address areas in which diversity in practice potentially could arise, as well as to reduce the cost and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (complexity of applying certain aspects of the guidance both at implementation and on an ongoing basis. ) Tj ET Q q 0 0 0 rg BT 469.77 382.10 Td (The amendments in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (this ) Tj ET Q q 0 0 0 rg BT 65.90 370.10 Td (ASU af) Tj ET Q q 0 0 0 rg BT 95.99 370.10 Td (fect the guidance in ) Tj ET Q q 0 0 0 rg BT 176.51 370.10 Td (ASU 2014-09, Revenue from Contracts with Customers, which will be ef) Tj ET Q q 0 0 0 rg BT 470.17 370.10 Td (fective for fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (beginning after December 31, 2017 for public entities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (In May 2016, the F) Tj ET Q q 0 0 0 rg BT 125.70 334.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 174.60 334.10 Td (ASU No. 2016-12) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 247.65 334.10 Td (, Revenue fr) Tj ET Q q 0 0 0 rg BT 295.32 334.10 Td (om Contracts with Customers: Narr) Tj ET Q q 0 0 0 rg BT 439.41 334.10 Td (ow-Scope Impr) Tj ET Q q 0 0 0 rg BT 499.86 334.10 Td (ovements and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (Practical Expedients.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.58 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.90 322.10 Td (This ) Tj ET Q q 0 0 0 rg BT 157.63 322.10 Td (ASU clarifies certain aspects of ) Tj ET Q q 0 0 0 rg BT 286.57 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 291.98 322.10 Td (opic 606 guidance as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.10 Td (The objective of the collectibility assessment is to determine whether the contract is valid and represents a substantive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 286.10 Td (transaction on the basis of whether a customer has the ability and intention to pay the promised consideration in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 274.10 Td (exchange for the goods or services transferred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 250.10 Td (An entity can recognize revenue in the amount of consideration received when it has transferred control of the goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (or services, has no additional obligation to transfer goods or services, and the consideration received is nonrefundable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 214.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 214.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 214.10 Td ( reporting entity is permitted to make the accounting policy election to exclude amounts collected from customers for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 202.10 Td (all sales taxes from the transaction price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 178.10 Td (The measurement date is specified as being the contract inception, and variable consideration guidance applies only to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.10 Td (variability resulting from reasons other than the form of the consideration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 142.10 Td (As a practical expedient, a reporting entity is permitted to reflect the aggregate ef) Tj ET Q q 0 0 0 rg BT 410.18 142.10 Td (fect of all modifications that occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 130.10 Td (before the beginning of the earliest period presented in accordance with ) Tj ET Q q 0 0 0 rg BT 374.37 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 379.78 130.10 Td (opic 606 when identifying the satisfied and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 118.10 Td (unsatisfied performance obligations, determining the transaction price, and allocating the transaction price to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 106.10 Td (satisfied and unsatisfied performance obligations.) 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In addition, the amendments in this ) Tj ET Q q 0 0 0 rg BT 272.69 706.10 Td (ASU permit an entity to apply the modified retrospective transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (method either to all contracts or only to contracts that are not completed contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 147.26 670.10 Td (ASU clarify that an entity that retrospectively applies the guidance in ) Tj ET Q q 0 0 0 rg BT 426.72 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 432.13 670.10 Td (opic 606 to each prior reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (period is not required to disclose the ef) Tj ET Q q 0 0 0 rg BT 205.11 658.10 Td (fect of the accounting change for the period of adoption. However) Tj ET Q q 0 0 0 rg BT 471.83 658.10 Td (, an entity is still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (required to disclose the ef) Tj ET Q q 0 0 0 rg BT 152.62 646.10 Td (fect of the changes on any prior periods retrospectively adjusted. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (The guidance in the revenue recognition ) Tj ET Q q 0 0 0 rg BT 212.77 622.10 Td (ASUs listed above is ef) Tj ET Q q 0 0 0 rg BT 306.47 622.10 Td (fective for annual reporting periods beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (December15, 2017, including interim reporting periods within that reporting period. Customers is currently evaluating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (impact of the various revenue recognition ) Tj ET Q q 0 0 0 rg BT 218.33 598.10 Td (ASUs. ) Tj ET Q q 0 0 0 rg BT 247.05 598.10 Td (The guidance does not apply to revenue associated with financial instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (including loans and securities. Customers is currently evaluating its non-interest revenue sources and does not anticipate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (adoption of these ) Tj ET Q q 0 0 0 rg BT 120.32 574.10 Td (ASUs to have a material impact on its financial condition or results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (NOTE 5 EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The following are the components and results of the Bancorp) Tj ET Q q 0 0 0 rg BT 297.43 526.10 Td (s earnings per share \("EPS"\) calculation for the periods presented. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 463.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 463.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 463.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 433.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 433.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 433.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 433.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 433.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 433.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 403.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 403.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 403.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 403.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 403.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 403.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 373.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 373.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 373.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 373.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 373.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 343.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 343.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 343.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 343.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 343.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 343.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 313.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 313.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 313.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 313.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 313.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 283.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 283.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 283.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 283.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 283.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 253.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 253.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 253.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 253.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 253.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 253.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 489.6 m 434.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 489.6 m 438.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 489.6 m 498.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 489.6 m 502.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 489.6 m 562.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 476.6 m 434.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 476.6 m 562.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 476.6 m 498.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 476.6 m 502.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 433.6 m 434.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 419.6 m 434.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 417.6 m 434.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 433.6 m 498.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 419.6 m 498.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 417.6 m 498.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 433.6 m 562.5 433.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 419.6 m 562.5 419.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 417.6 m 562.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 373.6 m 434.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 373.6 m 498.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 373.6 m 562.5 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 359.6 m 434.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 357.6 m 434.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 359.6 m 498.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 357.6 m 498.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 359.6 m 562.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 357.6 m 562.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 357.6 m 434.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 359.6 m 434.5 359.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.55 506.85 Td (For the Years Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 493.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.55 493.85 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 480.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 480.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 480.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.00 480.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 467.85 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 53.00 454.17 Td (Net income from continuing operations available to common shareholders \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 453.27 Td (78,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 453.27 Td (60,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 453.27 Td (44,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.17 Td (Net loss from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 438.32 Td (\(9,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 438.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 438.32 Td (\(4,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 438.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 438.32 Td (\(1,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 438.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.17 Td (Net income available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 423.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 423.27 Td (69,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 423.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 423.27 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 423.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 423.27 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.17 Td (Weighted-average number of common shares outstanding basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 408.27 Td (27,596,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 408.27 Td (26,844,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 408.27 Td (26,719,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 394.17 Td (Share-based compensation plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 393.27 Td (2,221,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 393.27 Td (1,516,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 393.27 Td (968,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 379.17 Td (Warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 378.27 Td (196,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 378.27 Td (324,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 378.27 Td (250,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.17 Td (Weighted-average number of common shares diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 363.27 Td (30,013,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 363.27 Td (28,684,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 363.27 Td (27,939,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 334.17 Td (Basic earnings per common share from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 333.27 Td (2.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 333.27 Td (2.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 333.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 333.27 Td (1.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.17 Td (Basic loss per common share from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 318.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 318.32 Td (\(0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 318.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 318.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 318.32 Td (\(0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 318.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 318.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 318.32 Td (\(0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 318.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.17 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 303.27 Td (2.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 303.27 Td (2.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 303.27 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 289.17 Td (Diluted earnings per common share from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 288.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 288.27 Td (2.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 288.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 288.27 Td (2.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 288.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 288.27 Td (1.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 274.17 Td (Diluted loss per share from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 273.32 Td (\(0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 273.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 273.32 Td (\(0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 273.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 273.32 Td (\(0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 273.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 259.17 Td (Diluted earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 258.27 Td (2.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 258.27 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 258.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 258.27 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 244.17 Td (\(1\) Net income from continuing operations, net of preferred stock dividends) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 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 50.00 203.10 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 50.50 138.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 138.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 138.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 138.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 138.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 138.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 108.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 108.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 108.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 108.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 108.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 108.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 166.60000000000002 m 434.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 166.60000000000002 m 438.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 166.60000000000002 m 498.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 166.60000000000002 m 502.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 166.60000000000002 m 562.5 166.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 153.60000000000002 m 434.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 153.60000000000002 m 498.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 153.60000000000002 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 374.5 108.60000000000002 m 434.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 108.60000000000002 m 498.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 108.60000000000002 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 374.5 94.60000000000002 m 434.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 92.60000000000002 m 434.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 94.60000000000002 m 498.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 92.60000000000002 m 498.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 94.60000000000002 m 562.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 92.60000000000002 m 562.5 92.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.55 183.85 Td (For the Years Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 170.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.55 170.85 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 157.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 157.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 157.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.00 157.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.17 Td (Anti-dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 129.17 Td (Share-based compensation awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 128.27 Td (894,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 128.27 Td (606,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 128.27 Td (135,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 114.17 Td (Warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 113.27 Td (52,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 113.27 Td (52,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 113.27 Td (118,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 99.17 Td (Total anti-dilutive securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 98.27 Td (946,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 98.27 Td (658,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 98.27 Td (254,606) Tj ET Q BT /F1 10.00 Tf ET 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 50.00 730.10 Td (NOTE 6 - CHANGES IN ) Tj ET Q q 0 0 0 rg BT 159.18 730.10 Td (ACCUMULA) Tj ET Q q 0 0 0 rg BT 217.88 730.10 Td (TED OTHER COMPREHENSIVE INCOME \(LOSS\) BY) Tj ET Q q 0 0 0 rg BT 464.49 730.10 Td ( COMPONENT) Tj ET Q q 0 0 0 rg BT 532.92 730.10 Td ( \(1\)) 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, 2016) 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 (2015) 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 49.50 606.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 606.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 606.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 606.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 606.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 606.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 606.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 606.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 606.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 606.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 606.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 578.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 578.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 578.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 578.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 578.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 578.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 578.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 578.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 550.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 550.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 550.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 550.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 550.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 550.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 550.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 550.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 550.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 522.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 522.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 522.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 522.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 522.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 522.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 522.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 522.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 494.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 494.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 494.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 494.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 494.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 494.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 494.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 494.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 466.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 466.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 466.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 466.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 466.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 466.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 466.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 466.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 466.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 438.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 438.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 438.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 438.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 438.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 438.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 438.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 438.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 438.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 410.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 410.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 410.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 410.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 410.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 410.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 410.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 410.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 410.60 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 658.6 m 329.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 658.6 m 333.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 658.6 m 378.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 658.6 m 382.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 658.6 m 440.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 606.6 m 329.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 606.6 m 378.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 606.6 m 440.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 606.6 m 504.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 606.6 m 561.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 606.6 m 329.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 606.6 m 378.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 606.6 m 440.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 606.6 m 504.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 606.6 m 561.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 522.6 m 329.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 508.6 m 329.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 522.6 m 378.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 508.6 m 378.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 522.6 m 440.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 508.6 m 440.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 522.6 m 504.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 508.6 m 504.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 522.6 m 561.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 508.6 m 561.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 508.6 m 329.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 508.6 m 378.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 508.6 m 440.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 508.6 m 504.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 508.6 m 561.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 424.6 m 329.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 410.6 m 329.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 424.6 m 378.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 410.6 m 378.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 424.6 m 440.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 410.6 m 440.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 424.6 m 504.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 410.6 m 504.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 424.6 m 561.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 410.6 m 561.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 410.6 m 329.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 397.6 m 329.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 395.6 m 329.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 410.6 m 378.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 397.6 m 378.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 395.6 m 378.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 410.6 m 440.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 397.6 m 440.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 395.6 m 440.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 410.6 m 504.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 397.6 m 504.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 395.6 m 504.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 410.6 m 561.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 397.6 m 561.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 395.6 m 561.5 395.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.30 662.86 Td (Available-for-sale Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.80 649.86 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 636.86 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.50 636.86 Td (Foreign) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 636.86 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 636.86 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.50 623.86 Td (Gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 623.86 Td (Currency) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.50 623.86 Td (Gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.70 623.86 Td (Loss on Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 610.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.35 610.86 Td (\(Losses\) \(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 610.86 Td (Items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 610.86 Td (\(Losses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.85 610.86 Td (Flow Hedge) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.80 610.86 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 597.28 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 134.01 597.28 Td ( 31, 20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.51 597.28 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 597.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 597.17 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 597.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 597.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 597.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 597.17 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 597.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 597.22 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 597.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 597.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 597.22 Td (\(122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 597.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 583.17 Td (Current period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 569.17 Td ( Other comprehensive loss before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 555.17 Td ( reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 555.22 Td (\(5,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 555.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 555.22 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 555.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 555.22 Td (\(6,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 555.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 555.22 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 555.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 555.22 Td (\(7,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 555.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.17 Td ( Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 527.17 Td ( comprehensive income to net income \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 527.17 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 527.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 527.17 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 527.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 527.17 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 513.17 Td (Net current-period other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 513.22 Td (\(5,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 513.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 513.22 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 513.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 513.22 Td (\(6,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 513.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 513.22 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 513.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 513.22 Td (\(7,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 513.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 499.28 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 134.01 499.28 Td ( 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 499.22 Td (\(4,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 499.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 499.22 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 499.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 499.22 Td (\(5,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 499.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 499.22 Td (\(2,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 499.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 499.22 Td (\(7,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 499.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 485.17 Td (Current period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 471.17 Td ( Other comprehensive loss before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 457.17 Td ( reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 457.22 Td (\(1,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 457.22 Td (\(146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 457.22 Td (\(2,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 457.22 Td (\(629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 457.22 Td (\(2,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 457.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 443.17 Td ( Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 429.17 Td ( comprehensive income to net income \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 429.17 Td (3,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 429.17 Td (730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 429.17 Td (4,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 429.17 Td (1,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 429.17 Td (5,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 415.17 Td ( Net current-period other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 415.17 Td (1,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 415.17 Td (584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 415.17 Td (2,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 415.17 Td (587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 415.17 Td (3,092) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 401.28 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 134.01 401.28 Td ( 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 401.22 Td (\(2,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 401.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 401.22 Td (\(2,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 401.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 401.22 Td (\(2,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 401.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 401.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 401.22 Td (\(4,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 401.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.61 373.10 Td (All amounts are presented net of tax. ) Tj ET Q q 0 0 0 rg BT 213.01 373.10 Td (Amounts in parentheses indicate reductions to accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (\(2\) Reclassification amounts for available-for) Tj ET Q q 0 0 0 rg BT 231.95 349.10 Td (-sale securities are reported as gain or loss on sale of investment securities or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (impairment loss on investment securities on the consolidated statements of income. During the year ended December 31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Customers reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.31 325.10 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.20 325.10 Td ( of unrealized losses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 325.10 Td ($25 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.61 325.10 Td ( of unrealized gains as impairment loss on investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (securities and gain \(loss\) on sale of investment securities, respectively) Tj ET Q q 0 0 0 rg BT 329.82 313.10 Td (, on the consolidated statements of income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (Reclassification amounts for cash flow hedges are reported as interest expense on FHLB advances on the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (statements of income.) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 7 INVESTMENT) Tj ET Q q 0 0 0 rg BT 162.90 742.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The amortized cost and approximate fair value of investment securities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.22 718.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.81 718.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.25 718.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.25 718.25 Td ( are summarized as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 640.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 640.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 640.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 640.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 640.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 640.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 640.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.75 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 601.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 601.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 601.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 601.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 601.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 601.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 601.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 561.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 561.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 561.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 561.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 682.75 m 355.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 682.75 m 359.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 682.75 m 424.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 682.75 m 428.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 682.75 m 493.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 682.75 m 497.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 682.75 m 562.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 653.75 m 355.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 653.75 m 424.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 653.75 m 493.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 653.75 m 562.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 546.75 m 355.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 546.75 m 424.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 546.75 m 493.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 546.75 m 355.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 532.75 m 355.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 530.75 m 355.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 546.75 m 424.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 532.75 m 424.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 530.75 m 424.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 546.75 m 493.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 532.75 m 493.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 530.75 m 493.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 546.75 m 562.5 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 532.75 m 562.5 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 530.75 m 562.5 530.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 687.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.55 687.00 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 658.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.35 666.00 Td (Amortized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.15 658.00 Td (Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.15 674.00 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.95 666.00 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.15 658.00 Td (Gains) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.15 674.00 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.95 666.00 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.60 658.00 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.00 658.00 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 645.00 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 631.48 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 617.32 Td (Agency-guaranteed residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 606.42 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 606.42 Td (918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 606.47 Td (\(2,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 606.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 606.42 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.32 Td (Agency-guaranteed commercial real estate mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.32 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 581.42 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 581.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 581.47 Td (\(2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 581.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 581.42 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.32 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 566.42 Td (44,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 566.42 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 566.47 Td (\(185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 566.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 566.42 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.32 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 551.42 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 551.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 551.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 551.42 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 537.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 536.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 536.42 Td (497,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 536.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 536.42 Td (1,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 536.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 536.47 Td (\(5,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 536.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 536.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 536.42 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 520.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 520.25 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 48.95 508.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 508.25 Td (Includes equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 285.02 508.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 391.75 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 391.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 391.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 391.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 391.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 391.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 391.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 391.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 351.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 351.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 351.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.75 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 290.5 472.75 m 355.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 472.75 m 359.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 472.75 m 424.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 472.75 m 428.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 472.75 m 493.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 472.75 m 497.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 472.75 m 562.5 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 443.75 m 355.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 443.75 m 424.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 443.75 m 493.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 443.75 m 562.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 336.75 m 355.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 336.75 m 424.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 336.75 m 493.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 336.75 m 562.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 322.75 m 355.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 320.75 m 355.5 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 322.75 m 424.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 320.75 m 424.5 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 322.75 m 493.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 320.75 m 493.5 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 322.75 m 562.5 322.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 320.75 m 562.5 320.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 477.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.55 477.00 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 448.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.35 456.00 Td (Amortized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.15 448.00 Td (Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.15 464.00 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.95 456.00 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.15 448.00 Td (Gains) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.15 464.00 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.95 456.00 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.60 448.00 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.00 448.00 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 435.00 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 421.48 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.32 Td (Agency-guaranteed residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 396.42 Td (299,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 396.42 Td (1,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 396.47 Td (\(2,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 396.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 396.42 Td (298,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 382.32 Td (Agency-guaranteed commercial real estate mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.32 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 371.42 Td (206,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 371.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 371.47 Td (\(3,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 371.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 371.42 Td (202,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.32 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 356.42 Td (39,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 356.42 Td (320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 356.47 Td (\(178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 356.42 Td (40,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.32 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 341.42 Td (22,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 341.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 341.47 Td (\(3,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 341.42 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 327.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 326.42 Td (568,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 326.42 Td (1,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 326.47 Td (\(10,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 326.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 326.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 326.42 Td (560,253) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 564.00 322.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 310.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 310.25 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 48.95 298.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 298.25 Td (Consists primarily of equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 335.59 298.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (The following table shows proceeds from the sale of available-for) Tj ET Q q 0 0 0 rg BT 313.32 274.25 Td (-sale investment securities, gross gains, and gross losses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (those sales of securities:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 247.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 198.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 198.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 198.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 198.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 198.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 198.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 168.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 168.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 168.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 168.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 168.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 168.35 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 224.35000000000002 m 424.5 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 224.35000000000002 m 428.5 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 224.35000000000002 m 493.5 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 224.35000000000002 m 497.5 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 224.35000000000002 m 562.5 224.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 211.35000000000002 m 424.5 211.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 211.35000000000002 m 493.5 211.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 211.35000000000002 m 562.5 211.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 184.35000000000002 m 424.5 184.35000000000002 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 428.5 184.35000000000002 m 493.5 184.35000000000002 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 497.5 184.35000000000002 m 562.5 184.35000000000002 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 359.5 153.35000000000002 m 424.5 153.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 153.35000000000002 m 493.5 153.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 153.35000000000002 m 562.5 153.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 139.35000000000002 m 424.5 139.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 137.35000000000002 m 424.5 137.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 139.35000000000002 m 493.5 139.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 137.35000000000002 m 493.5 137.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 139.35000000000002 m 562.5 139.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 137.35000000000002 m 562.5 137.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 228.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 228.60 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 215.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 215.60 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 215.60 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 215.60 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 202.60 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 188.92 Td (Proceeds from sale of available-for-sale investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 188.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 188.02 Td (2,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 188.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 188.02 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 188.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 188.02 Td (213,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 173.92 Td (Gross gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 173.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 173.02 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 173.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 173.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 173.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 173.02 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.92 Td (Gross losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 158.07 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 158.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 158.07 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 158.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 158.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 143.92 Td (Net gains \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 143.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 143.02 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 143.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 143.07 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 143.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 143.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 143.02 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.85 Td (These gains and losses were determined using the specific identification method and were included in non-interest income.) Tj ET Q endstream endobj 261 0 obj <>] /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 table shows debt investment securities by stated maturity) Tj ET Q q 0 0 0 rg BT 336.79 742.10 Td (. Investment securities backed by mortgages have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expected maturities that dif) Tj ET Q q 0 0 0 rg BT 158.95 730.10 Td (fer from contractual maturities because borrowers have the right to call or prepay) Tj ET Q q 0 0 0 rg BT 483.16 730.10 Td (, and are, therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (classified separately with no specific maturity date:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 703.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 633.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 633.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 633.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 603.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 603.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 603.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 573.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 573.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 543.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 543.20 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 428.5 680.2 m 493.5 680.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 680.2 m 497.5 680.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 680.2 m 562.5 680.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 667.2 m 493.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 667.2 m 497.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 667.2 m 562.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 646.2 m 493.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 646.2 m 562.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 543.2 m 493.5 543.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 543.2 m 562.5 543.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 529.2 m 493.5 529.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 527.2 m 493.5 527.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 529.2 m 562.5 529.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 527.2 m 562.5 527.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 684.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.55 684.45 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 671.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.15 671.45 Td (Available for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 650.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.35 658.45 Td (Amortized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.15 650.45 Td (Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.05 658.45 Td (Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.35 650.45 Td (V) Tj ET Q q 0 0 0 rg BT 525.24 650.45 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 637.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.77 Td (Due in one year or less) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 622.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 622.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 622.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 622.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.77 Td (Due after one year through five years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 607.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 607.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.77 Td (Due after five years through ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 592.87 Td (37,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 592.87 Td (38,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.77 Td (Due after ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 577.87 Td (7,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 577.87 Td (6,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.77 Td (Agency-guaranteed residential mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 562.87 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 562.87 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.77 Td (Agency-guaranteed commercial mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 547.87 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 547.87 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.77 Td (Total debt securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 532.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 532.87 Td (482,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 532.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 532.87 Td (478,228) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.70 Td (Gross unrealized losses and fair value of Customers' investment securities aggregated by investment category and length of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.70 Td (time that individual securities have been in a continuous unrealized loss position were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 478.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.80 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 407.80 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 407.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 407.80 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 407.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 407.80 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 407.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 407.80 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.80 180.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 368.80 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 368.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 368.80 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 368.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 368.80 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 368.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 368.80 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 368.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 368.80 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 368.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 368.80 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 328.80 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 328.80 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 328.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 328.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 328.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 328.80 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 328.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 328.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 328.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 328.80 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 328.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 328.80 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 230.5 454.8 m 281.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 454.8 m 285.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 454.8 m 338.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 454.8 m 342.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 454.8 m 393.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 454.8 m 397.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 454.8 m 450.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 454.8 m 454.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 454.8 m 505.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 454.8 m 509.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 454.8 m 562.5 454.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 441.8 m 281.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 441.8 m 285.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 441.8 m 338.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 441.8 m 393.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 441.8 m 397.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 441.8 m 450.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 441.8 m 505.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 441.8 m 509.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 441.8 m 562.5 441.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 420.8 m 281.5 420.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 420.8 m 338.5 420.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 420.8 m 393.5 420.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 420.8 m 450.5 420.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 420.8 m 505.5 420.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 420.8 m 562.5 420.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 328.8 m 281.5 328.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 328.8 m 338.5 328.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 328.8 m 393.5 328.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 328.8 m 450.5 328.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 328.8 m 505.5 328.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 328.8 m 562.5 328.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 314.8 m 281.5 314.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 312.8 m 281.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 314.8 m 338.5 314.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 312.8 m 338.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 314.8 m 393.5 314.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 312.8 m 393.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 314.8 m 450.5 314.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 312.8 m 450.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 314.8 m 505.5 314.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 312.8 m 505.5 312.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 314.8 m 562.5 314.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 312.8 m 562.5 312.8 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 459.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.55 459.05 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 446.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.00 446.05 Td (Less than 12 months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.65 446.05 Td (12 months or more) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 446.05 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 425.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 425.05 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.95 433.05 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.60 425.05 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.00 425.05 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.95 433.05 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 425.05 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.00 425.05 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.95 433.05 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.60 425.05 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 412.05 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 398.53 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.37 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.37 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 373.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 373.47 Td (87,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 373.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 373.52 Td (\(1,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 373.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 373.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 373.47 Td (30,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 373.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 373.52 Td (\(1,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 373.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 373.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 373.47 Td (118,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 373.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 373.52 Td (\(2,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 373.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.37 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.37 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 348.47 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 348.52 Td (\(2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 348.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 348.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 348.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 348.47 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 348.52 Td (\(2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 348.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 334.37 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 333.47 Td (9,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 333.52 Td (\(185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 333.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 333.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 333.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 333.47 Td (9,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 333.52 Td (\(185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 333.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 318.47 Td (298,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 318.52 Td (\(4,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 318.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 318.47 Td (30,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 318.52 Td (\(1,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 318.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 318.47 Td (329,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 318.52 Td (\(5,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 318.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 302.30 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 302.30 Td (Includes subordinated debt issued by other bank holding companies.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 275.90 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.40 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 205.40 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 205.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 205.40 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 205.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 205.40 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 205.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 205.40 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 205.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 205.40 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 205.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 205.40 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 166.40 180.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 166.40 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 166.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 166.40 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 166.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 166.40 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 166.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 166.40 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 166.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 166.40 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 166.40 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 166.40 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 126.40 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 126.40 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 126.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 126.40 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 126.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 126.40 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 126.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 126.40 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 126.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 126.40 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 126.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 126.40 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 230.5 252.39999999999998 m 281.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 252.39999999999998 m 285.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 252.39999999999998 m 338.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 252.39999999999998 m 342.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 252.39999999999998 m 393.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 252.39999999999998 m 397.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 252.39999999999998 m 450.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 252.39999999999998 m 454.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 252.39999999999998 m 505.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 252.39999999999998 m 509.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 252.39999999999998 m 562.5 252.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 239.39999999999998 m 281.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 239.39999999999998 m 285.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 239.39999999999998 m 338.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 239.39999999999998 m 393.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 239.39999999999998 m 397.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 239.39999999999998 m 450.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 239.39999999999998 m 505.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 239.39999999999998 m 509.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 239.39999999999998 m 562.5 239.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 218.39999999999998 m 281.5 218.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 218.39999999999998 m 338.5 218.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 218.39999999999998 m 393.5 218.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 218.39999999999998 m 450.5 218.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 218.39999999999998 m 505.5 218.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 218.39999999999998 m 562.5 218.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 111.39999999999998 m 281.5 111.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 97.39999999999998 m 281.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 95.39999999999998 m 281.5 95.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 111.39999999999998 m 338.5 111.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 97.39999999999998 m 338.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 95.39999999999998 m 338.5 95.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 111.39999999999998 m 393.5 111.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 97.39999999999998 m 393.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 95.39999999999998 m 393.5 95.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 111.39999999999998 m 450.5 111.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 97.39999999999998 m 450.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 95.39999999999998 m 450.5 95.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 111.39999999999998 m 505.5 111.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 97.39999999999998 m 505.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 95.39999999999998 m 505.5 95.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 111.39999999999998 m 562.5 111.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 97.39999999999998 m 562.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 95.39999999999998 m 562.5 95.39999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 256.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.55 256.65 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 243.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.00 243.65 Td (Less than 12 months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.65 243.65 Td (12 months or more) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.80 243.65 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 222.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 222.65 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.95 230.65 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.60 222.65 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.00 222.65 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.95 230.65 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 222.65 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.00 222.65 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.95 230.65 Td (Unrealized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.60 222.65 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 209.65 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 196.13 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 181.97 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 171.97 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 171.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 171.07 Td (102,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 171.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 171.12 Td (\(535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 171.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 171.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 171.07 Td (57,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 171.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 171.12 Td (\(2,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 171.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 171.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 171.07 Td (160,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 171.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 171.12 Td (\(2,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 171.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 156.97 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 146.97 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 146.07 Td (202,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 146.12 Td (\(3,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 146.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 146.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 146.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 146.07 Td (202,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 146.12 Td (\(3,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 146.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 131.97 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 131.07 Td (9,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 131.12 Td (\(178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 131.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 131.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 131.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 131.07 Td (9,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 131.12 Td (\(178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 131.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.97 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 116.07 Td (19,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 116.12 Td (\(3,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 116.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 116.07 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.30 116.12 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 116.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 116.07 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 116.12 Td (\(3,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 116.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 101.97 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 101.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 101.07 Td (334,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 101.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 101.12 Td (\(7,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 101.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 101.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 101.07 Td (57,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 101.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 101.12 Td (\(2,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 101.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 101.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 101.07 Td (392,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 101.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 101.12 Td (\(10,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 101.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 84.90 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 84.90 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 72.90 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 72.90 Td (Consists primarily of equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 335.59 72.90 Td (.) 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 (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 742.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 742.10 Td (twenty-nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.26 742.10 Td ( available-for) Tj ET Q q 0 0 0 rg BT 291.64 742.10 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 50.00 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 730.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.71 730.10 Td ( available-for) Tj ET Q q 0 0 0 rg BT 143.09 730.10 Td (-sale investment securities in the twelve-month-or) Tj ET Q q 0 0 0 rg BT 343.11 730.10 Td (-more category) Tj ET Q q 0 0 0 rg BT 403.26 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 410.58 730.10 Td (The unrealized losses on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 75.83 706.10 Td (All amounts are expected to be recovered when market prices recover or at maturity) Tj ET Q q 0 0 0 rg BT 411.42 706.10 Td (. Customers does not intend to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (these securities and it is not more likely than not that Customers will be required to sell the securities before recovery of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (amortized cost basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (At December 31, 2016, management evaluated its equity holdings issued by a foreign entity for other) Tj ET Q q 0 0 0 rg BT 454.97 658.10 Td (-than-temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (impairment. Because management no longer has the intent to hold these securities until a recovery in fair value, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (recorded an other) Tj ET Q q 0 0 0 rg BT 119.76 634.10 Td (-than-temporarily impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.28 634.10 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.17 634.10 Td ( in fourth quarter 2016 for the full amount of the decline in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (fair value below the cost basis. ) Tj ET Q q 0 0 0 rg BT 178.12 622.10 Td (The fair value of the equity securities at December 31, 2016 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.63 622.10 Td ($15.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.52 622.10 Td ( became the new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (cost basis of the securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 586.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 586.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 586.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 586.10 Td (, Customers Bank had pledged investment securities aggregating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.85 586.10 Td ($231.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.74 586.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.18 586.10 Td ($299.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 574.10 Td ( fair value, respectively) Tj ET Q q 0 0 0 rg BT 172.08 574.10 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 50.00 562.10 Td (another financial institution. ) Tj ET Q q 0 0 0 rg BT 165.35 562.10 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 50.00 532.10 Td (NOTE 8 LOANS HELD FOR SALE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 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 228.01 514.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 514.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.04 514.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 514.10 Td ( was as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 499.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 450.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 450.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 450.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 420.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 420.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 420.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 390.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 390.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 390.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 360.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 360.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 360.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 360.20 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 428.5 476.2 m 493.5 476.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 476.2 m 497.5 476.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 476.2 m 562.5 476.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 463.2 m 493.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 463.2 m 562.5 463.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 405.2 m 493.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 405.2 m 562.5 405.2 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 497.5 360.2 m 562.5 360.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 360.2 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 428.5 346.2 m 493.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 344.2 m 493.5 344.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 346.2 m 562.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 344.2 m 562.5 344.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 480.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 480.45 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 467.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 467.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 467.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 454.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 440.77 Td (Commercial loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 425.77 Td (Mortgage warehouse loans at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 424.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 424.87 Td (2,116,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 424.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 424.87 Td (1,754,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 410.77 Td (Multi-family loans at lower of cost or fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 409.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 409.87 Td (39,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 395.77 Td (Total commercial loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 394.87 Td (2,116,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 394.87 Td (1,794,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 380.77 Td (Consumer loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 365.77 Td (Residential mortgage loans at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 364.87 Td (695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 364.87 Td (2,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 350.77 Td (Total loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 349.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 349.87 Td (2,117,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 349.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 349.87 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (Commercial loans held for sale consists primarily of mortgage warehouse loans. ) Tj ET Q q 0 0 0 rg BT 376.12 321.70 Td (These mortgage warehouse lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.70 Td (transactions are subject to master repurchase agreements and are designated as held for sale and reported at fair value based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.70 Td (an election made to account for these loans at fair value. Pursuant to the master repurchase agreements, Customers funds the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.70 Td (pipelines for these mortgage lenders by sending cash payments directly to the closing agents for funded loans \(i.e., the purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.70 Td (event\) and receives proceeds directly from third party investors when the loans are sold into the secondary market \(i.e., the sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.70 Td (event\). ) Tj ET Q q 0 0 0 rg BT 82.30 261.70 Td (The fair values of the mortgage warehouse loans are estimated as the amount of cash initially advanced to fund the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.70 Td (underlying mortgage, plus accrued interest and fees, as specified in the respective agreements. ) Tj ET Q q 0 0 0 rg BT 431.62 249.70 Td (The interest rates on these loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.70 Td (are variable and the lending transactions are short-term, with an average life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.64 237.70 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.64 237.70 Td ( days from purchase to sale. ) Tj ET Q q 0 0 0 rg BT 491.59 237.70 Td (The primary goal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.70 Td (of these lending transactions is to provide liquidity to mortgage companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 201.70 Td (fective December 31, 2016, Customers transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.63 201.70 Td ($25.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.52 201.70 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 50.00 189.70 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 50.00 177.70 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 384.04 177.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 153.70 Td (fective September 30, 2015, Customers transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.31 153.70 Td ($30.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.20 153.70 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 50.00 141.70 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 50.00 129.70 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 384.04 129.70 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 /F2 10.00 Tf ET q 0 0 0 rg BT 31.50 742.25 Td (NOTE 9 LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 151.90 742.25 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 181.08 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 204.69 742.25 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 241.92 742.25 Td (ANCE FOR LOAN LOSSES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 724.25 Td (At December 31, 2016, BankMobile met the criteria to be classified as held for sale. ) Tj ET Q q 0 0 0 rg BT 372.78 724.25 Td (As a result, Customers reclassified BankMobile-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 712.25 Td (related loans from "Loans receivable" to "Assets held for sale" on the consolidated balance sheets at December 31, 2016 and 2015. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 700.25 Td (more information on BankMobile, see NOTE 3 - DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 338.13 700.25 Td (TIONS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.25 Td (The following table presents loans receivable as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.98 682.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.57 682.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.01 682.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.01 682.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 400.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 626.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 626.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 626.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 596.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 596.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 596.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 566.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 536.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 506.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 476.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 476.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 476.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 444.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 444.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 444.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 444.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 414.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 414.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 414.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 414.75 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 412.5 652.75 m 477.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 652.75 m 481.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 652.75 m 546.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 639.75 m 477.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 639.75 m 546.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 551.75 m 477.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 551.75 m 546.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 476.75 m 477.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 461.75 m 477.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 476.75 m 546.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 461.75 m 546.5 461.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 414.75 m 477.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 400.75 m 477.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 398.75 m 477.5 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 414.75 m 546.5 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 400.75 m 546.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 398.75 m 546.5 398.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.00 657.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.55 657.00 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 37.00 644.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.50 644.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.50 644.00 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 37.00 631.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.00 617.32 Td ( Commercial:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 602.32 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 601.42 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 601.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 601.42 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 587.32 Td (Commercial and industrial \(including owner occupied commercial real estate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 586.42 Td (1,370,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 586.42 Td (1,111,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 572.32 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 571.42 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 571.42 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 557.32 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 556.42 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 556.42 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 541.42 Td ( Total commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 541.42 Td (5,844,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 541.42 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.00 527.32 Td ( Consumer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 512.32 Td ( Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 511.42 Td (193,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 511.42 Td (271,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 497.32 Td ( Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 496.42 Td (101,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 496.42 Td (113,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 482.32 Td ( Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 481.42 Td (2,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 481.42 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 467.32 Td ( Total consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 466.42 Td (297,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 466.42 Td (388,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 452.32 Td (Total loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 449.42 Td (6,142,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 449.42 Td (5,452,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 435.32 Td ( Deferred costs and unamortized premiums, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 434.42 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 434.42 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 420.32 Td ( Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 419.47 Td (\(37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 419.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 419.47 Td (\(35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 419.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 405.32 Td ( Loans receivable, net of allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 404.42 Td (6,105,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 404.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 404.42 Td (5,417,248) Tj ET Q BT /F1 10.00 Tf ET 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 31.50 742.10 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 399.15 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.74 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.17 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.17 742.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 664.60 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 664.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 664.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 634.60 150.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 634.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 634.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 634.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 634.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 634.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 634.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 634.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 584.60 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 584.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 584.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 554.60 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 554.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 554.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 524.60 150.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 524.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 524.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 524.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 524.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 524.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 524.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 524.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 524.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 524.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 524.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 524.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 524.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 524.60 53.00 -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 182 718.6 m 235 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 718.6 m 239 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 718.6 m 292 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 718.6 m 296 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 718.6 m 349 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 718.6 m 353 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 718.6 m 406 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 718.6 m 410 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 718.6 m 463 718.6 l s 0 0 0 RG /GS0 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j 3 M 296 509.6 m 349 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 511.6 m 353 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 509.6 m 353 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 511.6 m 406 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 509.6 m 406 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 511.6 m 410 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 509.6 m 410 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 511.6 m 463 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 509.6 m 463 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 511.6 m 467 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 509.6 m 467 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 511.6 m 520 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 509.6 m 520 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 511.6 m 577 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 509.6 m 577 509.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 722.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.55 722.85 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 681.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.40 689.85 Td (30-89Days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 681.85 Td (PastDue\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.75 697.85 Td (90 Or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.10 689.85 Td (MoreDays) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.00 681.85 Td (PastDue\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.15 697.85 Td (T) Tj ET Q q 0 0 0 rg BT 310.48 697.85 Td (otalPast) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.65 689.85 Td (Due Still) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.45 681.85 Td (Accruing\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.75 689.85 Td (Non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 681.85 Td (Accrual) Tj ET Q BT /F1 8.00 Tf ET q 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 654.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 654.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 654.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 654.27 Td (3,200,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 654.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 654.27 Td (2,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 654.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 654.27 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 640.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 639.27 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 639.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 639.27 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 639.27 Td (8,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 639.27 Td (967,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 639.27 Td (1,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 639.27 Td (977,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 625.17 Td (Commercial real estate - owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 615.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 614.27 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 614.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 614.27 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 614.27 Td (2,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 614.27 Td (379,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 614.27 Td (12,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 614.27 Td (393,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 600.17 Td (Commercial real estate - non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 590.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 589.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 589.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 589.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 589.27 Td (2,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 589.27 Td (1,185,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 589.27 Td (6,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 589.27 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 575.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 574.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 574.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 574.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 574.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 574.27 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 574.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 574.27 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 560.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 559.27 Td (4,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 559.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 559.27 Td (4,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 559.27 Td (2,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 559.27 Td (178,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 559.27 Td (7,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 559.27 Td (193,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 545.17 Td (Manufactured housing \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 544.27 Td (3,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 544.27 Td (2,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 544.27 Td (6,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 544.27 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 544.27 Td (89,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 544.27 Td (3,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 544.27 Td (101,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 530.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 529.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 529.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 529.27 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 529.27 Td (2,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 529.27 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 529.27 Td (2,726) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 515.33 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 515.17 Td (21,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 515.17 Td (2,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 515.17 Td (24,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 515.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 515.17 Td (6,067,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 515.17 Td (32,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 515.17 Td (6,142,314) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 439.60 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 399.60 150.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 399.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 399.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 349.60 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 349.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 319.60 150.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 319.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 319.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 319.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 319.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 319.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 319.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 319.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 279.60 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 279.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 279.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 279.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 279.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 279.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 279.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 279.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 279.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 488.6 m 235 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 488.6 m 239 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 488.6 m 292 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 488.6 m 296 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 488.6 m 349 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 488.6 m 353 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 488.6 m 406 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 488.6 m 410 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 488.6 m 467 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 488.6 m 520 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 488.6 m 524 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 488.6 m 577 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 451.6 m 235 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 451.6 m 292 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 451.6 m 349 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 451.6 m 406 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 488.6 m 463 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 451.6 m 463 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 451.6 m 520 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 488.6 m 577 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 451.6 m 577 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 279.6 m 235 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 279.6 m 292 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 279.6 m 349 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 279.6 m 406 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 279.6 m 463 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 279.6 m 520 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 279.6 m 577 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 265.6 m 235 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 263.6 m 235 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 265.6 m 292 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 263.6 m 292 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 265.6 m 349 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 263.6 m 349 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 265.6 m 406 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 263.6 m 406 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 279.6 m 463 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 265.6 m 463 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 263.6 m 463 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 265.6 m 520 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 263.6 m 520 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 265.6 m 577 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 263.6 m 577 263.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 492.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.55 492.55 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 455.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.40 463.85 Td (30-89Days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 455.85 Td (PastDue\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.75 471.85 Td (90 Or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.10 463.85 Td (MoreDays) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.00 455.85 Td (PastDue\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.15 471.85 Td (T) Tj ET Q q 0 0 0 rg BT 310.48 471.85 Td (otalPast) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.65 463.85 Td (Due Still) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.45 455.85 Td (Accruing\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.75 463.85 Td (Non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.30 455.85 Td (Accrual) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.10 455.85 Td (Current\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.20 479.85 Td (Purchased-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.65 471.85 Td (Credit-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.55 463.85 Td (Impaired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.55 455.85 Td (Loans \(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.05 463.85 Td (Total Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.30 455.85 Td (\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 443.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 430.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 429.27 Td (2,905,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 429.27 Td (3,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 429.27 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 415.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 404.27 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 404.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 404.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 404.27 Td (1,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 404.27 Td (799,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 404.27 Td (1,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 404.27 Td (803,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 390.17 Td (Commercial real estate - owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 380.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 379.27 Td (268) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 379.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 379.27 Td (268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 379.27 Td (2,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 379.27 Td (292,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 379.27 Td (12,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 379.27 Td (308,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 365.17 Td (Commercial real estate - non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 355.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 354.27 Td (1,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 354.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 354.27 Td (1,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 354.27 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 354.27 Td (940,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 354.27 Td (12,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 354.27 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 340.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 339.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 339.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 339.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 339.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 339.27 Td (87,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 339.27 Td (234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.65 339.27 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 325.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 324.27 Td (2,986) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 324.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 324.27 Td (2,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 324.27 Td (2,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 324.27 Td (257,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 324.27 Td (8,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 324.27 Td (271,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 310.17 Td (Manufactured housing \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 299.27 Td (3,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 299.27 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 299.27 Td (6,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 299.27 Td (2,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 299.27 Td (101,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 299.27 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.60 299.27 Td (113,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 285.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 284.27 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 284.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 284.27 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 284.27 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 284.27 Td (2,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 284.27 Td (234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 284.27 Td (3,124) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 270.33 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 269.27 Td (9,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 269.27 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 269.27 Td (11,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 269.27 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 269.27 Td (5,387,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 269.27 Td (42,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 269.27 Td (5,452,561) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 250.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 238.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 238.70 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 30.45 226.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 226.70 Td (Loans where next payment due is less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.79 226.70 Td (30 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.62 226.70 Td ( from the report date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 214.70 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 214.70 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 61.95 202.70 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 61.95 190.70 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 61.95 178.70 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 61.95 166.70 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 61.95 154.70 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 30.45 142.70 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 142.70 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 30.45 130.70 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 130.70 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 61.95 118.70 Td (payments when the loan becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.85 118.70 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.68 118.70 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 61.95 106.70 Td (event of borrowers) Tj ET Q q 0 0 0 rg BT 140.07 106.70 Td ( delinquencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 82.70 Td (As of December31, 2016 and 2015, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.23 82.70 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.12 82.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.56 82.70 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.45 82.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 404.11 82.70 Td (, of residential real estate held in other real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 70.70 Td (estate owned. ) Tj ET Q q 0 0 0 rg BT 90.37 70.70 Td (As of December31, 2016 and 2015, the Bank initiated foreclosure proceedings on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.22 70.70 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.11 70.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.55 70.70 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.44 70.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 58.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 79.16 58.70 Td (, in loans secured by residential real estate.) 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 BT /F3 10.00 Tf ET q 0 0 0 rg BT 31.50 730.25 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.25 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 537.67 706.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.25 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 31.50 682.25 Td (generally on qualitative factors due to insuf) Tj ET Q q 0 0 0 rg BT 205.15 682.25 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 31.50 670.25 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 31.50 658.25 Td (loan portfolio until suf) Tj ET Q q 0 0 0 rg BT 121.59 658.25 Td (ficient internal loss history is available. ) Tj ET Q q 0 0 0 rg BT 281.09 658.25 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 31.50 646.25 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 31.50 622.25 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 291.40 622.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.99 622.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.42 622.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.42 622.25 Td ( and the loans and allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 610.25 Td (losses by loan type based on impairment evaluation method were as follows. ) Tj ET Q q 0 0 0 rg BT 340.42 610.25 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 31.50 598.25 Td (below do not include the ef) Tj ET Q q 0 0 0 rg BT 140.46 598.25 Td (fect of changes to estimated benefits resulting from the FDIC loss share arrangements for the covered loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 586.25 Td (for periods prior to the termination of the FDIC loss sharing arrangements. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 504.75 83.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 504.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 504.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 504.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 504.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 504.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 504.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 504.75 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 504.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 504.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 462.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 462.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 462.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 462.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 462.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 462.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 462.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 462.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 462.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 462.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 462.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 428.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 428.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 428.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 428.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 428.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 428.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 428.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 428.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 428.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 428.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 428.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 394.75 83.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 394.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 394.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 394.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 394.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 394.75 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 394.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 394.75 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 394.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 394.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 394.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 352.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 352.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 352.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 352.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 352.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 352.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 352.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 352.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 352.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 352.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 352.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 310.75 83.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 310.75 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 310.75 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 310.75 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 310.75 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 310.75 49.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 310.75 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 310.75 54.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 310.75 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 310.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 310.75 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 260.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 260.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 260.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 260.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 260.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 260.75 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 260.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 260.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 260.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 260.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 260.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 226.75 83.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 226.75 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 226.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 226.75 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 226.75 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 226.75 47.00 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351.75 m 214 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 353.75 m 265 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 351.75 m 265 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 353.75 m 317 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 351.75 m 317 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 353.75 m 370 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 351.75 m 370 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 353.75 m 421 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 351.75 m 421 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 353.75 m 479 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 351.75 m 479 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 353.75 m 530 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 351.75 m 530 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 353.75 m 581 353.75 l s 0 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Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.00 521.90 Td (RealEstate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 430.45 529.40 Td (Manufactured) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 438.75 521.90 Td (Housing) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 497.45 529.40 Td (Other) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 490.55 521.90 Td (Consumer) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 549.30 521.90 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 509.00 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 496.83 Td (Allowance for loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 488.83 Td (losses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 475.70 Td (Ending Balance, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 467.70 Td (December31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 467.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 467.00 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 467.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 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/F1 8.00 Tf ET q 0 0 0 rg BT 151.80 420.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.80 420.00 Td (381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 420.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 420.00 Td (130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 420.00 Td (1,854) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 420.00 Td (367) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 420.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 420.00 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 420.00 Td (2,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 407.70 Td (Provision for loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 399.70 Td (losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.10 399.00 Td (\(414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.80 399.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 399.00 Td (4,725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 399.00 Td (862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.10 399.00 Td (\(516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 399.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.10 399.00 Td (\(2,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 399.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 399.00 Td (170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 399.00 Td (\(208) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.80 399.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 399.00 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 399.00 Td (2,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 386.70 Td (Provision for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 378.70 Td (BankMobile loans ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 101.38 382.33 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 378.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 378.00 Td (696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 565.80 378.00 Td (696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 365.70 Td (Ending Balance, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 357.70 Td (December31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 357.00 Td (11,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 357.00 Td (11,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 357.00 Td (2,183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 357.00 Td (7,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 357.00 Td (840) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 357.00 Td (3,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 357.00 Td (286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 357.00 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 357.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 357.00 Td (37,315) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 344.83 Td (Loans:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 331.70 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 323.70 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 315.70 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 315.00 Td (8,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 315.00 Td (2,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 315.00 Td (2,151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 315.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 315.00 Td (6,972) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 315.00 Td (9,665) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 315.00 Td (57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 315.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 315.00 Td (29,411) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 302.70 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 294.70 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 286.70 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.75 286.00 Td (3,212,895) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 286.00 Td (967,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.75 286.00 Td (379,353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 286.00 Td (1,185,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 286.00 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 286.00 Td (178,963) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 286.00 Td (88,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 286.00 Td (2,433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 286.00 Td (6,080,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 273.70 Td (Loans acquired with) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 265.70 Td (credit deterioration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.75 265.00 Td (2,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 265.00 Td (1,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.75 265.00 Td (12,229) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 265.00 Td (6,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 265.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 265.00 Td (7,567) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 265.00 Td (3,070) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 265.00 Td (236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 265.00 Td (32,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.75 252.00 Td (3,214,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 252.00 Td (977,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.75 252.00 Td (393,632) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 252.00 Td (1,193,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 252.00 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 252.00 Td (193,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.75 252.00 Td (101,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 252.00 Td (2,726) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 252.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 252.00 Td (6,142,314) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 239.83 Td (Allowance for loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 231.83 Td (losses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 218.70 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 210.70 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 202.70 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 202.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 202.00 Td (1,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 202.00 Td (287) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 202.00 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 202.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 202.00 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 202.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 202.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 202.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 202.00 Td (1,360) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 189.70 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 181.70 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 173.70 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 173.00 Td (11,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 173.00 Td (9,686) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 173.00 Td (1,896) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 173.00 Td (4,626) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 173.00 Td (772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 173.00 Td (2,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 173.00 Td (88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 173.00 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 173.00 Td (31,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 160.70 Td (Loans acquired with) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 152.70 Td (credit deterioration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 152.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.80 152.00 Td (340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 152.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 152.00 Td (3,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 152.00 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 152.00 Td (893) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 152.00 Td (198) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 152.00 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 152.00 Td (4,811) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 139.00 Td (11,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 139.00 Td (11,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 139.00 Td (2,183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 139.00 Td (7,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 139.00 Td (840) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 139.00 Td (3,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 139.00 Td (286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 139.00 Td (118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 139.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 139.00 Td (37,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 113.70 Td ('\(1\) Includes activities for BankMobile-related loans, primarily overdrawn consumer deposit accounts.) 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Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 552.75 Td (4,726) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 552.75 Td (8,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 552.75 Td (140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 552.75 Td (44,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 540.45 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 532.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 524.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.75 523.75 Td (2,905,128) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 523.75 Td (783,986) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.75 523.75 Td (286,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 523.75 Td (939,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 523.75 Td (87,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 523.75 Td (258,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.75 523.75 Td (101,838) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 523.75 Td (2,750) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 523.75 Td (5,365,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 511.45 Td (Loans acquired with) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 503.45 Td (credit deterioration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.75 502.75 Td (3,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 502.75 Td (1,552) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.75 502.75 Td (12,961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 502.75 Td (12,056) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 502.75 Td (234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 502.75 Td (8,441) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 502.75 Td (3,352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 502.75 Td (234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 502.75 Td (42,480) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.75 489.75 Td (2,909,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 489.75 Td (803,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.75 489.75 Td (308,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 489.75 Td (956,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 489.75 Td (87,240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 489.75 Td (271,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.75 489.75 Td (113,490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 489.75 Td (3,124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 489.75 Td (5,452,561) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 477.58 Td (Allowance for loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 469.58 Td (losses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 456.45 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 448.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 440.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 439.75 Td (1,990) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 439.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 439.75 Td (148) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 439.75 Td (84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 439.75 Td (50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 439.75 Td (2,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 427.45 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 419.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 411.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 410.75 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 410.75 Td (6,650) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 410.75 Td (1,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 410.75 Td (3,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 410.75 Td (1,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 410.75 Td (2,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 410.75 Td (98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 410.75 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 410.75 Td (27,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 398.45 Td (Loans acquired with) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 390.45 Td (credit deterioration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.80 389.75 Td (224) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 389.75 Td (4,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 389.75 Td (1,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 389.75 Td (396) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 389.75 Td (55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 389.75 Td (6,162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 376.75 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 376.75 Td (8,864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 376.75 Td (1,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 376.75 Td (8,420) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 376.75 Td (1,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 376.75 Td (3,298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 376.75 Td (494) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 376.75 Td (133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 376.75 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 349.00 Td (The manufactured housing portfolio was purchased in ) Tj ET Q q 0 0 0 rg BT 249.50 349.00 Td (August 2010.) Tj ET Q q 0 0 0 rg BT 305.34 349.00 Td (A) Tj ET Q q 0 0 0 rg BT 312.01 349.00 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 31.50 337.00 Td (under the specified terms in the Purchase ) Tj ET Q q 0 0 0 rg BT 197.84 337.00 Td (Agreement for defaults of the underlying borrower and other specified items.) Tj ET Q q 0 0 0 rg BT 508.29 337.00 Td (At December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 325.00 Td (2016 and 2015, funds available for reimbursement, if necessary) Tj ET Q q 0 0 0 rg BT 285.22 325.00 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.14 325.00 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.04 325.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.47 325.00 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.37 325.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 482.03 325.00 Td (. Each quarter) Tj ET Q q 0 0 0 rg BT 537.43 325.00 Td (, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 313.00 Td (funds are evaluated to determine ifthey would be suf) Tj ET Q q 0 0 0 rg BT 244.30 313.00 Td (ficient to absorb probable losses within the manufactured housing portfolio.) 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 /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 728.70 Td (Loans Individually Evaluated for Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 704.70 Td (The following tables present the recorded investment \(net of char) Tj ET Q q 0 0 0 rg BT 292.61 704.70 Td (ge-of) Tj ET Q q 0 0 0 rg BT 313.53 704.70 Td (fs\), unpaid principal balance, and related allowance by loan type ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 692.70 Td (for loans that are individually evaluated for impairment as of December 31, 2016 and 2015 and the average recorded investment and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 680.70 Td (interest income recognized for the years ended December 31, 2016 and 2015. Purchased-credit-impaired loans are considered to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 668.70 Td (performing and are not included in the tables below) Tj ET Q q 0 0 0 rg BT 237.45 668.70 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 573.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 543.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 513.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 483.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 483.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 483.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 483.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 483.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 483.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 483.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 483.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 483.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 483.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 454.20 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 454.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 454.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 454.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 454.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 454.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 454.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 454.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 454.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 454.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 425.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 395.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 395.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 395.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 395.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 395.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 395.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 365.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 365.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 365.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 365.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 365.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 365.20 4.00 -15.00 re f 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0.9333333333333333 1 rg /GS0 gs 292.00 498.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 498.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 498.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 498.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 468.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 468.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 468.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 468.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 468.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 468.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 438.60 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 438.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 438.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 438.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 438.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 438.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 710.6 m 288 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 710.6 m 292 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 710.6 m 352 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 710.6 m 356 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 710.6 m 416 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 710.6 m 480 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 710.6 m 484 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 710.6 m 544 710.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 673.6 m 288 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 673.6 m 352 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 673.6 m 416 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 673.6 m 480 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 673.6 m 544 673.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 438.6 m 288 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 438.6 m 352 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 438.6 m 416 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 438.6 m 480 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 438.6 m 544 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 424.6 m 288 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 422.6 m 288 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 424.6 m 352 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 422.6 m 352 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 424.6 m 416 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 422.6 m 416 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 424.6 m 480 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 422.6 m 480 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 424.6 m 544 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 422.6 m 544 422.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.10 715.06 Td (December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.05 722.86 Td (Twelve months ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.10 713.86 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 677.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.15 701.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.70 693.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.35 685.85 Td (Net of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.95 677.85 Td (Char) Tj ET Q q 0 0 0 rg BT 253.36 677.85 Td (geOf) Tj ET Q q 0 0 0 rg BT 271.20 677.85 Td (fs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.70 693.85 Td (Unpaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.05 685.85 Td (Principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.60 677.85 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 685.85 Td (Related) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.15 677.85 Td (Allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.25 693.85 Td (A) Tj ET Q q 0 0 0 rg BT 441.43 693.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.15 685.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.70 677.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.50 693.85 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.50 685.85 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.60 677.85 Td (Recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 664.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 664.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 651.33 Td (With no related allowance recorded:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 637.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.50 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 636.27 Td (661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 636.27 Td (661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 636.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 636.27 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 636.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 636.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 622.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 621.27 Td (12,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 621.27 Td (13,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 621.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 621.27 Td (8,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 621.27 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 607.17 Td (Commercial real estate - owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 606.27 Td (8,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 606.27 Td (8,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 606.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 606.27 Td (6,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 606.27 Td (454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 592.17 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 591.27 Td (4,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 591.27 Td (4,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 591.27 Td (6,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 591.27 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 577.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 576.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 576.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 576.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 576.27 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 576.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 562.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 561.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 561.27 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 561.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 561.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 561.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 547.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 546.27 Td (4,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 546.27 Td (4,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 546.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 546.27 Td (2,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 546.27 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 532.17 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 532.17 Td (8,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 532.17 Td (8,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 532.17 Td (5,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 532.17 Td (368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 518.33 Td (With an allowance recorded:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 504.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 503.27 Td (5,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 503.27 Td (5,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 503.27 Td (1,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 503.27 Td (9,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 503.27 Td (191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 489.17 Td (Commercial real estate - owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 488.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 488.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 488.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 488.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 488.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 474.17 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 473.27 Td (555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 473.27 Td (555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 473.27 Td (148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 473.27 Td (817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 473.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 459.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 458.27 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 458.27 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 458.27 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 458.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 458.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 444.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 443.27 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 443.27 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 443.27 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 443.27 Td (426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 443.27 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 429.33 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 428.27 Td (44,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 428.27 Td (45,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 428.27 Td (2,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 428.27 Td (41,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 428.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 428.27 Td (2,678) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 36.51 394.10 Td (r) Tj ET Q q 0 0 0 rg BT 40.03 394.10 Td (oubled Debt Restructurings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 376.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 44.00 376.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.58 376.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.58 376.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.58 376.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.02 376.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.02 376.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.44 376.10 Td ($16.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.33 376.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.33 376.10 Td ($1) Tj ET Q q 0 0 0 rg BT 304.96 376.10 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.85 376.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.79 376.10 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.68 376.10 Td ( respectively) Tj ET Q q 0 0 0 rg BT 469.84 376.10 Td (, in loans categorized as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 364.10 Td (troubled debt restructurings \(TDRs\). ) Tj ET Q q 0 0 0 rg BT 188.78 364.10 Td (TDRs are reported as impaired loans in the calendar year of their restructuring and are evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 352.10 Td (to determine whether they should be placed on non-accrual status. In subsequent years, a ) Tj ET Q q 0 0 0 rg BT 388.98 352.10 Td (TDR may be returned to accrual status if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 340.10 Td (borrower satisfies a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.70 340.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.37 340.10 Td (-month performance requirement; however) Tj ET Q q 0 0 0 rg BT 337.39 340.10 Td (, the ) Tj ET Q q 0 0 0 rg BT 356.93 340.10 Td (TDR will remain classified as impaired. Generally) Tj ET Q q 0 0 0 rg BT 558.16 340.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 328.10 Td (Bank requires sustained performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.71 328.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.88 328.10 Td ( before returning a ) Tj ET Q q 0 0 0 rg BT 322.33 328.10 Td (TDR to accrual status.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 304.10 Td (Modifications 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 31.50 292.10 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 31.50 280.10 Td (considered a ) Tj ET Q q 0 0 0 rg BT 84.07 280.10 Td (TDR. ) Tj ET Q q 0 0 0 rg BT 108.52 280.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 157.86 280.10 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 31.50 268.10 Td (expectation of cash flows, modifications of loans within such pools are not considered ) Tj ET Q q 0 0 0 rg BT 379.01 268.10 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 244.10 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 514.43 244.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 232.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 232.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 232.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 232.10 Td ( and 2014. ) Tj ET Q q 0 0 0 rg BT 120.76 232.10 Td (There were no modifications that involved for) Tj ET Q q 0 0 0 rg BT 304.96 232.10 Td (giveness of debt.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 217.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 147.20 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 147.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 147.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 147.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 147.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 147.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 147.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 147.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 147.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 147.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 147.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 147.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 117.20 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 117.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 117.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 117.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 117.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 117.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 117.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 117.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 117.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 117.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 117.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 117.20 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 220 194.20000000000005 m 273 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 194.20000000000005 m 277 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 194.20000000000005 m 331 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 194.20000000000005 m 335 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 194.20000000000005 m 388 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 194.20000000000005 m 392 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 194.20000000000005 m 447 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 194.20000000000005 m 451 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 194.20000000000005 m 506 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 194.20000000000005 m 510 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 194.20000000000005 m 565 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 194.20000000000005 m 273 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 181.20000000000005 m 273 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 194.20000000000005 m 277 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 181.20000000000005 m 277 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 194.20000000000005 m 331 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 181.20000000000005 m 331 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 194.20000000000005 m 335 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 194.20000000000005 m 388 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 181.20000000000005 m 388 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 194.20000000000005 m 392 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 181.20000000000005 m 392 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 194.20000000000005 m 447 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 181.20000000000005 m 447 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 194.20000000000005 m 451 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 194.20000000000005 m 506 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 181.20000000000005 m 506 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 194.20000000000005 m 510 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 181.20000000000005 m 510 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 194.20000000000005 m 565 194.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 181.20000000000005 m 565 181.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 160.20000000000005 m 273 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 160.20000000000005 m 331 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 160.20000000000005 m 388 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 160.20000000000005 m 447 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 160.20000000000005 m 506 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 160.20000000000005 m 565 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 160.20000000000005 m 506 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 160.20000000000005 m 565 160.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 117.20000000000005 m 273 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 117.20000000000005 m 331 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 117.20000000000005 m 388 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 117.20000000000005 m 447 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 117.20000000000005 m 506 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 117.20000000000005 m 565 117.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 103.20000000000005 m 273 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 101.20000000000005 m 273 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 103.20000000000005 m 331 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 101.20000000000005 m 331 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 103.20000000000005 m 388 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 101.20000000000005 m 388 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 103.20000000000005 m 447 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 101.20000000000005 m 447 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 103.20000000000005 m 506 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 101.20000000000005 m 506 101.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 103.20000000000005 m 565 103.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 101.20000000000005 m 565 101.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.10 198.45 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 185.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 185.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.50 185.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 185.45 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 164.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.85 172.45 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.85 164.45 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.15 172.45 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.70 164.45 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.85 172.45 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.85 164.45 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.65 172.45 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.20 164.45 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.85 172.45 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.85 164.45 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.65 172.45 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.20 164.45 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 151.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 137.77 Td (Extensions of maturity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 136.87 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 136.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 136.87 Td (1,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 136.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 136.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 136.87 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 136.87 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 136.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.15 136.87 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 122.77 Td (Interest-rate reductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 121.87 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 121.87 Td (4,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 121.87 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 121.87 Td (7,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 121.87 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.15 121.87 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 107.77 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 106.87 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 106.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 106.87 Td (6,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 106.87 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 106.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 106.87 Td (7,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 106.87 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 106.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 106.87 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET 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 31.50 742.10 Td (The following table provides, by loan type, the number of loans modified in troubled debt restructurings and the related recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (investment for the years ended December 31, 2016, 2015 and 2014.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 659.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 659.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 659.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 659.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 659.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 659.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 659.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 629.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 629.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 629.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 629.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 629.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 629.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 629.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 599.60 188.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 599.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 599.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 599.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 599.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 599.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 599.60 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 220 706.6 m 275 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 706.6 m 279 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 706.6 m 334 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 706.6 m 338 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 706.6 m 393 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 706.6 m 397 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 706.6 m 452 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 706.6 m 456 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 706.6 m 511 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 706.6 m 515 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 706.6 m 570 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 693.6 m 275 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 693.6 m 279 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 693.6 m 334 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 693.6 m 393 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 693.6 m 397 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 693.6 m 452 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 693.6 m 511 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 693.6 m 515 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 693.6 m 570 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 672.6 m 275 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 672.6 m 334 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 672.6 m 393 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 672.6 m 452 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 672.6 m 511 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 672.6 m 570 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 599.6 m 275 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 599.6 m 334 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 599.6 m 393 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 599.6 m 452 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 599.6 m 511 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 599.6 m 570 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 585.6 m 275 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 583.6 m 275 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 585.6 m 334 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 583.6 m 334 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 585.6 m 393 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 583.6 m 393 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 585.6 m 452 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 583.6 m 452 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 585.6 m 511 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 583.6 m 511 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 585.6 m 570 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 583.6 m 570 583.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.60 710.85 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 697.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 697.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.50 697.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 697.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 676.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.85 684.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.85 676.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.65 684.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.20 676.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.85 684.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.85 676.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.65 684.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.20 676.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.85 684.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.85 676.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.65 684.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.20 676.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 663.85 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 650.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 649.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 649.27 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 649.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 649.27 Td (791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 649.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.15 649.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 635.17 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 634.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 634.27 Td (1,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 634.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 634.27 Td (211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 634.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.15 634.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 620.17 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 619.27 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 619.27 Td (2,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 619.27 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 619.27 Td (6,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 619.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 619.27 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 605.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 604.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 604.27 Td (2,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 604.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 604.27 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 604.27 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 604.27 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 590.17 Td (Total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 589.27 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 589.27 Td (6,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 589.27 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 589.27 Td (7,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 589.27 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 589.27 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 570.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 546.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.94 546.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.53 546.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.53 546.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.53 546.70 Td (, 2014, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.94 546.70 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.94 546.70 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 31.50 534.70 Td (in ) Tj ET Q q 0 0 0 rg BT 41.60 534.70 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 510.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.94 510.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.53 510.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.53 510.70 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.52 510.70 Td ( manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.32 510.70 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.21 510.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.21 510.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 510.70 Td ( commercial real estate non-owner occupied loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 498.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 42.33 498.70 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.22 498.70 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.16 498.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.60 498.70 Td ( residential real estate loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.54 498.70 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.44 498.70 Td ( that were modified in troubled debt restructurings within the past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 486.70 Td (twelve months, defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 190.08 486.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.52 486.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.11 486.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.11 486.70 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.20 486.70 Td ( manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 486.70 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.89 486.70 Td ( that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 474.70 Td (modified in troubled debt restructurings within the past twelve months, defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 415.87 474.70 Td (As of December 31, 2014, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.31 474.70 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 578.31 474.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 462.70 Td (loans modified in troubled debt restructurings within the past twelve months, that defaulted on payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 438.70 Td (Loans modified in troubled debt restructurings are evaluated for impairment. ) Tj ET Q q 0 0 0 rg BT 340.94 438.70 Td (The nature and extent of impairment of ) Tj ET Q q 0 0 0 rg BT 500.43 438.70 Td (TDRs, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 426.70 Td (those which have experienced a subsequent default, is considered in the determination of an appropriate level of allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 414.70 Td (losses. ) Tj ET Q q 0 0 0 rg BT 62.71 414.70 Td (There were no specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 262.73 414.70 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.32 414.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.32 414.70 Td (. ) Tj ET Q q 0 0 0 rg BT 396.14 414.70 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.89 414.70 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.87 414.70 Td ( specific allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 402.70 Td (resulting from ) Tj ET Q q 0 0 0 rg BT 90.75 402.70 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.35 402.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.35 402.70 Td (, totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.40 402.70 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.29 402.70 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.96 402.70 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.96 402.70 Td ( commercial and industrial loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.41 402.70 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 402.70 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.96 402.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 570.40 402.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 390.70 Td (commercial real estate non-owner occupied loan. ) Tj ET Q q 0 0 0 rg BT 230.40 390.70 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.14 390.70 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.14 390.70 Td ( specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 430.41 390.70 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.01 390.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.01 390.70 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 366.70 Td (Pur) Tj ET Q q 0 0 0 rg BT 46.13 366.70 Td (chase Cr) Tj ET Q q 0 0 0 rg BT 81.59 366.70 Td (edit Impair) Tj ET Q q 0 0 0 rg BT 125.93 366.70 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 342.70 Td (The changes in accretable yield related to purchased-credit-impaired loans for the years ended December 31, 2016, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 330.70 Td (were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 281.20 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 281.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 281.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 281.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 281.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 281.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 251.20 309.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 251.20 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 251.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 251.20 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 251.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 251.20 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 341 307.20000000000005 m 406 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 307.20000000000005 m 410 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 307.20000000000005 m 475 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 307.20000000000005 m 479 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 307.20000000000005 m 544 307.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 294.20000000000005 m 406 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 294.20000000000005 m 475 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 294.20000000000005 m 544 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 294.20000000000005 m 406 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 294.20000000000005 m 475 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 233.20000000000005 m 406 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 233.20000000000005 m 475 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 233.20000000000005 m 544 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 219.20000000000005 m 406 219.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 217.20000000000005 m 406 217.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 219.20000000000005 m 475 219.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 217.20000000000005 m 475 217.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 219.20000000000005 m 544 219.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 217.20000000000005 m 544 217.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 311.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.10 311.45 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 298.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 298.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.00 298.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.00 298.45 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 285.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 271.77 Td (Accretable yield balance, beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 270.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 270.87 Td (12,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 270.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 270.87 Td (17,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 270.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 270.87 Td (22,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 256.77 Td (Accretion to interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 255.92 Td (\(3,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 255.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 255.92 Td (\(2,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 255.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 255.92 Td (\(3,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 255.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 241.77 Td (Reclassification from nonaccretable difference and disposals, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 237.87 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 237.92 Td (\(2,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 237.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 237.92 Td (\(1,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 237.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 223.77 Td (Accretable yield balance, end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 222.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 222.87 Td (10,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 222.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 222.87 Td (12,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 222.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 222.87 Td (17,606) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 31.50 164.70 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 31.50 146.70 Td (Losses incurred on covered loans were eligible for partial reimbursement by the FDIC. Subsequent to the purchase date, the expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 134.70 Td (cash flows on the covered loans were subject to evaluation. Decreases in the present value of expected cash flows on the covered loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 122.70 Td (were recognized by increasing the allowance for loan losses with a related char) Tj ET Q q 0 0 0 rg BT 347.85 122.70 Td (ge to the provision for loan losses. ) Tj ET Q q 0 0 0 rg BT 487.28 122.70 Td (At the same time, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 110.70 Td (FDIC indemnification asset was increased reflecting an estimated future collection from the FDIC, which was recorded as a reduction to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 98.70 Td (the provision for loan losses. If the expected cash flows on the covered loans increased such that a previously recorded impairment could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 86.70 Td (be reversed, the Bank recorded 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 74.70 Td (accompanied by a reduction in the FDIC receivable balance \(with a related char) Tj ET Q q 0 0 0 rg BT 350.62 74.70 Td (ge to the provision for loan losses\). Increases in expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 62.70 Td (cash flows on covered loans and decreases in expected cash flows of the FDIC loss sharing receivable, when there were no previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 50.70 Td (recorded impairments, were considered together and recognized over the remaining life of the loans as interest income. Decreases in the ) Tj ET Q endstream endobj 279 0 obj <>] /Rotate 0 /Contents 280 0 R>> endobj 280 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 (138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (valuations of other real estate owned covered by the loss sharing agreements were recorded net of the estimated FDIC receivable as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 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 31.50 712.10 Td (As part of the FDIC loss sharing agreements, the Bank also assumed a potential liability to be paid within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.42 712.10 Td (45 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.25 712.10 Td ( subsequent to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 700.10 Td (maturity or termination of the loss sharing agreements that was contingent upon actual losses incurred over the life of the agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 688.10 Td (relative to expected losses and the consideration paid upon acquisition of the failed institutions \(the "Clawback liability"\). Due to cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 676.10 Td (received on the covered assets in excess of the original expectations of the FDIC, the Bank anticipated that it would be required to pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 664.10 Td (the FDIC at the end of its loss sharing agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 646.10 Td (The Bank presented the FDIC Loss Sharing Receivable, net of the estimated Clawback liability on the consolidated balance sheets. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 634.10 Td (the event the estimated Clawback liability exceeded the FDIC Loss Sharing Receivable balance, the net liability amount was presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 622.10 Td (in "Accrued interest payable and other liabilities" on the consolidated balance sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 604.10 Td (On July 1) Tj ET Q q 0 0 0 rg BT 70.02 604.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 592.10 Td (agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.24 592.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.13 592.10 Td ( as final payment under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 580.10 Td (these agreements. ) Tj ET Q q 0 0 0 rg BT 107.40 580.10 Td (The negotiated settlement amount was based on net losses incurred on the covered assets through September 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 568.10 Td (2015, adjusted for cash payments to and cash receipts from the FDIC as part of the December 31, 2015 and March 31, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 556.10 Td (certifications. Consequently) Tj ET Q q 0 0 0 rg BT 145.54 556.10 Td (, loans and other real estate owned previously reported as covered assets pursuant to the loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 544.10 Td (agreements were no longer presented as covered assets as of June 30, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 520.10 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 530.63 520.10 Td (fect of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 508.10 Td (estimated clawback liability for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.04 508.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.62 508.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.62 508.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.62 508.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.06 508.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.06 508.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 493.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 436.20 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 436.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 436.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 436.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 436.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 436.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 406.20 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 406.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 406.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 406.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 406.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 406.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 376.20 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 376.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 376.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 376.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 376.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 376.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 346.20 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 346.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 346.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 346.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 346.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 346.20 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 372 462.2 m 437 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 462.2 m 441 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 462.2 m 506 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 462.2 m 510 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 462.2 m 575 462.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 449.2 m 437 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 449.2 m 506 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 449.2 m 575 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 346.2 m 437 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 332.2 m 437 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 330.2 m 437 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 346.2 m 506 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 332.2 m 506 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 330.2 m 506 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 346.2 m 575 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 332.2 m 575 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 330.2 m 575 330.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 466.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.90 474.45 Td (Allowance for Loan Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.85 466.45 Td (For) Tj ET Q q 0 0 0 rg BT 428.82 466.45 Td (The) Tj ET Q q 0 0 0 rg BT 442.96 466.45 Td (Y) Tj ET Q q 0 0 0 rg BT 447.94 466.45 Td (earsEnded December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 453.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 453.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 453.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.00 453.45 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 440.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 426.77 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 425.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 425.87 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 425.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 425.87 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 425.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 425.87 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 411.77 Td (Provision for loan losses \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 410.87 Td (2,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 410.87 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 410.87 Td (10,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 396.77 Td (Provision for BankMobile loans \(presented as discontinued operations\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 395.87 Td (696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 395.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.15 395.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 381.77 Td (Charge-offs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 380.92 Td (\(3,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 380.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 380.92 Td (\(13,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 380.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 380.87 Td (\(4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 380.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 366.77 Td (Charge-offs for BankMobile loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 365.92 Td (\(696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 365.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 365.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.15 365.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 351.77 Td (Recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 350.87 Td (2,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 350.87 Td (1,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 350.87 Td (1,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 336.77 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 335.87 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 335.87 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 335.87 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 317.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 261.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 261.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 261.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 261.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 261.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 261.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 233.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 233.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 233.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 233.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 233.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 233.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 205.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 205.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 205.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 205.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 205.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 205.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 177.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 177.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 177.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 177.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 177.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 177.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 149.80 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 149.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 149.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 149.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 149.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 149.80 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 285.79999999999995 m 437 285.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 285.79999999999995 m 441 285.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 285.79999999999995 m 506 285.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 285.79999999999995 m 510 285.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 285.79999999999995 m 575 285.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 273.79999999999995 m 437 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 273.79999999999995 m 506 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 273.79999999999995 m 575 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 191.79999999999995 m 437 191.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 191.79999999999995 m 506 191.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 191.79999999999995 m 575 191.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 178.79999999999995 m 437 178.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 176.79999999999995 m 437 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 178.79999999999995 m 506 178.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 176.79999999999995 m 506 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 178.79999999999995 m 575 178.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 176.79999999999995 m 575 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 134.79999999999995 m 437 134.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 121.79999999999995 m 437 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 119.79999999999995 m 437 119.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 134.79999999999995 m 506 134.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 121.79999999999995 m 506 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 119.79999999999995 m 506 119.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 134.79999999999995 m 575 134.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 121.79999999999995 m 575 121.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 119.79999999999995 m 575 119.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 290.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.10 298.05 Td (FDIC Loss Sharing Receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.85 290.05 Td (For) Tj ET Q q 0 0 0 rg BT 428.82 290.05 Td (The) Tj ET Q q 0 0 0 rg BT 442.96 290.05 Td (Y) Tj ET Q q 0 0 0 rg BT 447.94 290.05 Td (earsEndedDecember31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 277.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 277.75 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 277.75 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.00 277.75 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 265.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 252.37 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 252.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 252.42 Td (\(2,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 252.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 252.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 252.37 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 252.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 252.37 Td (10,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 238.37 Td (Increased \(decreased\) estimated cash flows \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 238.37 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 238.42 Td (\(3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 238.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 238.37 Td (\(4,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 238.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 224.37 Td (Increased estimated cash flows from covered OREO \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 224.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 224.37 Td (3,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.15 224.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 210.37 Td (Other activity, net \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 210.42 Td (\(255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 210.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 210.37 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 210.37 Td (2,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 196.37 Td (Cash payments to \(receipts from\) the FDIC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 196.37 Td (2,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 196.42 Td (\(3,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 196.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 196.37 Td (\(5,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 196.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 182.37 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 182.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 182.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 182.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 182.42 Td (\(2,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 182.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 182.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 182.37 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 154.37 Td (\(1\)Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 154.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 154.37 Td (2,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 154.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 154.37 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 154.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 154.37 Td (10,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 140.37 Td (\(2\)Effect attributable to FDIC loss share arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 139.52 Td (\(289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 139.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 139.47 Td (3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 139.47 Td (4,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 125.37 Td (Net amount reported as provision for loan losses \(from continuing operations\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 125.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 125.37 Td (2,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 125.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 125.37 Td (20,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 125.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 125.37 Td (14,747) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 106.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 94.90 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 82.90 Td (\(b\) Includes external costs, such as legal fees, real estate taxes and appraisal expenses, that qualified for reimbursement under loss share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 70.90 Td (arrangements.) Tj ET Q endstream endobj 281 0 obj <>] /Rotate 0 /Contents 282 0 R>> endobj 282 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 (139) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 41.69 742.10 Td (edit Quality Indicators) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 724.10 Td (Commercial and industrial, commercial real estate, multi-family) Tj ET Q q 0 0 0 rg BT 287.98 724.10 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 31.50 712.10 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 31.50 700.10 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 31.50 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 36.91 676.10 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 31.50 664.10 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 31.50 652.10 Td (for the respective portfolio class, the Bank utilizes the following categories of risk ratings: pass/satisfactory \(includes risk rating 1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 640.10 Td (through 6\), special mention, substandard, doubtful, and loss. ) Tj ET Q q 0 0 0 rg BT 275.45 640.10 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 31.50 628.10 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 471.08 628.10 Td (. Pass/satisfactory ratings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 616.10 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 31.50 604.10 Td (likelihood of orderly repayment, are updated periodically based on the size of the exposure and credit characteristics of the borrower) Tj ET Q q 0 0 0 rg BT 561.29 604.10 Td (. ) Tj ET Q q 0 0 0 rg BT 565.74 604.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 592.10 Td (other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter) Tj ET Q q 0 0 0 rg BT 461.61 592.10 Td (.Certain consumer loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 580.10 Td (not assigned a risk rating. ) Tj ET Q q 0 0 0 rg BT 136.30 580.10 Td (While assigning risk ratings involves judgment, the risk-rating process allows management to identify riskier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 568.10 Td (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 31.50 544.10 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 31.5 512.7669921875 m 55.376953125 512.7669921875 l s q 0 0 0 rg BT 31.50 514.10 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 512.7669921875 m 74.2685546875 512.7669921875 l s q 0 0 0 rg BT 55.38 514.10 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 512.7669921875 m 77.046875 512.7669921875 l s q 0 0 0 rg BT 74.27 514.10 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 512.7669921875 m 114.244140625 512.7669921875 l s q 0 0 0 rg BT 77.05 514.10 Td (Excellent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 496.10 Td (Loans rated 1 represent a credit extension of the highest quality) Tj ET Q q 0 0 0 rg BT 284.65 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.47 496.10 Td (The borrower) Tj ET Q q 0 0 0 rg BT 344.54 496.10 Td () Tj ET Q q 0 0 0 rg BT 347.32 496.10 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 31.50 484.10 Td (extremely lar) Tj ET Q q 0 0 0 rg BT 84.35 484.10 Td (ge and stable mar) Tj ET Q q 0 0 0 rg BT 154.42 484.10 Td (gins of coverage. Balance sheets are conservative, well capitalized, and liquid. ) Tj ET Q q 0 0 0 rg BT 470.12 484.10 Td (After considering debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 472.10 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 478.12 472.10 Td (The borrower typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 460.10 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 31.5 428.7669921875 m 55.376953125 428.7669921875 l s q 0 0 0 rg BT 31.50 430.10 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 428.7669921875 m 74.2685546875 428.7669921875 l s q 0 0 0 rg BT 55.38 430.10 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 428.7669921875 m 77.046875 428.7669921875 l s q 0 0 0 rg BT 74.27 430.10 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 428.7669921875 m 112.046875 428.7669921875 l s q 0 0 0 rg BT 77.05 430.10 Td (Superior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 412.10 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 495.41 412.10 Td (, debt capacity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 400.10 Td (coverage, with ratios better than industry norms. ) Tj ET Q q 0 0 0 rg BT 227.66 400.10 Td (The borrowers of these loans exhibit a limited leverage position, are virtually immune ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 388.10 Td (to local economies, and are in stable growing industries. ) Tj ET Q q 0 0 0 rg BT 261.26 388.10 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 31.50 376.10 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 31.5 344.7669921875 m 55.376953125 344.7669921875 l s q 0 0 0 rg BT 31.50 346.10 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 344.7669921875 m 74.2685546875 344.7669921875 l s q 0 0 0 rg BT 55.38 346.10 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 344.7669921875 m 77.046875 344.7669921875 l s q 0 0 0 rg BT 74.27 346.10 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 344.7669921875 m 103.345703125 344.7669921875 l s q 0 0 0 rg BT 77.05 346.10 Td (Str) Tj ET Q q 0 0 0 rg BT 88.35 346.10 Td (ong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 328.10 Td (Loans rated 3 are those loans for which the borrowers have 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 31.50 316.10 Td (service coverage; balance sheet and operating ratios are consistent with or better than industry peers; operate in industries with little ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 304.10 Td (industry risk; move in diversified markets; and are experienced and competent in their industry) Tj ET Q q 0 0 0 rg BT 411.02 304.10 Td (. ) Tj ET Q q 0 0 0 rg BT 415.84 304.10 Td (These borrowers' access to capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 292.10 Td (markets is limited mostly to private sources, often secured, but the borrower typically has access to a wide range of refinancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 280.10 Td (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 31.5 248.76699218750002 m 55.376953125 248.76699218750002 l s q 0 0 0 rg BT 31.50 250.10 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 248.76699218750002 m 74.2685546875 248.76699218750002 l s q 0 0 0 rg BT 55.38 250.10 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 248.76699218750002 m 77.046875 248.76699218750002 l s q 0 0 0 rg BT 74.27 250.10 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 248.76699218750002 m 99.2685546875 248.76699218750002 l s q 0 0 0 rg BT 77.05 250.10 Td (Good) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 232.10 Td (Loans rated 4 have a sound primary and secondary source of repayment. ) Tj ET Q q 0 0 0 rg BT 323.71 232.10 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 31.50 220.10 Td (financing, but sources are not as widely available as they are to a higher grade borrower) Tj ET Q q 0 0 0 rg BT 382.48 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 387.30 220.10 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 31.50 208.10 Td (very low loss exposure. ) Tj ET Q q 0 0 0 rg BT 128.25 208.10 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 459.15 208.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.97 208.10 Td (The mar) Tj ET Q q 0 0 0 rg BT 497.38 208.10 Td (gins of cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 196.10 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 31.5 164.76699218750002 m 55.376953125 164.76699218750002 l s q 0 0 0 rg BT 31.50 166.10 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 164.76699218750002 m 103.150390625 164.76699218750002 l s q 0 0 0 rg BT 55.38 166.10 Td (Satisfactory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 148.10 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 31.50 136.10 Td (from normal business operations. Risk factors may include reliability of mar) Tj ET Q q 0 0 0 rg BT 337.08 136.10 Td (gins and cash flows, liquidity) Tj ET Q q 0 0 0 rg BT 453.92 136.10 Td (, dependence on a single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 124.10 Td (product or industry) Tj ET Q q 0 0 0 rg BT 107.51 124.10 Td (, cyclical trends, depth of management, or limited access to alternative financing sources. ) Tj ET Q q 0 0 0 rg BT 466.92 124.10 Td (The borrower) Tj ET Q q 0 0 0 rg BT 521.98 124.10 Td () Tj ET Q q 0 0 0 rg BT 524.76 124.10 Td (s historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 112.10 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 31.50 100.10 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 88.10 Td (on the borrower may be significant.) 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 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 740.7669921875 m 55.376953125 740.7669921875 l s q 0 0 0 rg BT 31.50 742.10 Td (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 740.7669921875 m 103.150390625 740.7669921875 l s q 0 0 0 rg BT 55.38 742.10 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 740.7669921875 m 105.9287109375 740.7669921875 l s q 0 0 0 rg BT 103.15 742.10 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 740.7669921875 m 185.5478515625 740.7669921875 l s q 0 0 0 rg BT 105.93 742.10 Td (Bankable with Car) Tj ET Q q 0 0 0 rg BT 181.11 742.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 724.10 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 395.69 724.10 Td (, cash flow and asset values are generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 712.10 Td (intact. ) Tj ET Q q 0 0 0 rg BT 58.53 712.10 Td (These borrowers may exhibit declining financial characteristics, with increasing leverage and decreasing liquidity) Tj ET Q q 0 0 0 rg BT 512.99 712.10 Td (, and may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 700.10 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 31.50 688.10 Td (and eroding profit mar) Tj ET Q q 0 0 0 rg BT 121.57 688.10 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 31.5 656.7669921875 m 55.376953125 656.7669921875 l s q 0 0 0 rg BT 31.50 658.10 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 656.7669921875 m 120.6357421875 656.7669921875 l s q 0 0 0 rg BT 55.38 658.10 Td (Special Mention) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 640.10 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 31.50 628.10 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 31.50 616.10 Td (ability of the borrower to repay the debt in the future may occur) Tj ET Q q 0 0 0 rg BT 286.41 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.23 616.10 Td (This grade is not assigned to loans that bear certain peculiar risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 604.10 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 31.50 592.10 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 31.50 580.10 Td (problems are clearly evident are graded in the category below) Tj ET Q q 0 0 0 rg BT 277.68 580.10 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 31.5 548.7669921875 m 55.376953125 548.7669921875 l s q 0 0 0 rg BT 31.50 550.10 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 548.7669921875 m 105.5673828125 548.7669921875 l s q 0 0 0 rg BT 55.38 550.10 Td (Substandar) Tj ET Q q 0 0 0 rg BT 100.57 550.10 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 532.10 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 31.50 520.10 Td (obligor or of the collateral pledged, if any) Tj ET Q q 0 0 0 rg BT 198.01 520.10 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 31.50 508.10 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 31.50 496.10 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 31.5 464.7669921875 m 55.376953125 464.7669921875 l s q 0 0 0 rg BT 31.50 466.10 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 464.7669921875 m 90.93359375 464.7669921875 l s q 0 0 0 rg BT 55.38 466.10 Td (Doubtful) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 448.10 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 31.50 436.10 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 31.50 424.10 Td (improbable. ) Tj ET Q q 0 0 0 rg BT 81.86 424.10 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 31.50 412.10 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 31.50 400.10 Td (exact status may be determined. Pending factors may include a proposed mer) Tj ET Q q 0 0 0 rg BT 340.11 400.10 Td (ger or acquisition, liquidation proceeding, capital injection, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 388.10 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 31.5 356.7669921875 m 60.376953125 356.7669921875 l s q 0 0 0 rg BT 31.50 358.10 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 356.7669921875 m 78.7216796875 356.7669921875 l s q 0 0 0 rg BT 60.38 358.10 Td (Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 340.10 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 31.50 328.10 Td (warranted. ) Tj ET Q q 0 0 0 rg BT 78.42 328.10 Td (Amounts classified as loss are immediately char) Tj ET Q q 0 0 0 rg BT 270.97 328.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 296.06 328.10 Td (f.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 304.10 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 31.50 292.10 Td (mainly because these portfolios consist of a lar) Tj ET Q q 0 0 0 rg BT 218.77 292.10 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 31.50 280.10 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 31.50 268.10 Td (classified as performing and nonperforming.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 244.10 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 239.49 244.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.08 244.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.52 244.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.52 244.10 Td ( for the loans receivable portfolio.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 168.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 168.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 168.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 168.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 168.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 168.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 168.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 168.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 168.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 168.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 168.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 168.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 144.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 144.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 144.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 144.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 144.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 144.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 144.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 144.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 144.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 144.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 144.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 144.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 120.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 120.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 120.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 120.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 120.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 120.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 120.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 120.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 120.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 120.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 120.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 120.60 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 109 220.60000000000002 m 154 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 220.60000000000002 m 158 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 220.60000000000002 m 207 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 220.60000000000002 m 211 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 220.60000000000002 m 262 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 220.60000000000002 m 266 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 220.60000000000002 m 316 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 220.60000000000002 m 320 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 220.60000000000002 m 371 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 220.60000000000002 m 375 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 220.60000000000002 m 421 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 220.60000000000002 m 425 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 220.60000000000002 m 480 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 220.60000000000002 m 485 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 220.60000000000002 m 528 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 220.60000000000002 m 532 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 220.60000000000002 m 581 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 180.60000000000002 m 154 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 180.60000000000002 m 207 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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J 0 j 3 M 374 697.5 m 420 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 697.5 m 479 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 697.5 m 526 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 697.5 m 580 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 624.5 m 153 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 624.5 m 206 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 624.5 m 261 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 624.5 m 315 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 624.5 m 370 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 624.5 m 420 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 624.5 m 479 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 624.5 m 526 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 624.5 m 153 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 613.5 m 153 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 611.5 m 153 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 624.5 m 206 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 613.5 m 206 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 611.5 m 206 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 624.5 m 261 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 613.5 m 261 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 611.5 m 261 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 624.5 m 315 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 613.5 m 315 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 611.5 m 315 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 624.5 m 370 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 613.5 m 370 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 611.5 m 370 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 624.5 m 420 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 613.5 m 420 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 611.5 m 420 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 624.5 m 479 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 613.5 m 479 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 611.5 m 479 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 624.5 m 526 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 613.5 m 526 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 611.5 m 526 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 624.5 m 580 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 613.5 m 580 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 611.5 m 580 611.5 l s BT /F1 7.50 Tf ET q 0 0 0 rg BT 69.00 739.65 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 314.00 739.65 Td (December 31, 2015) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 33.50 701.65 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 110.60 701.65 Td (Multi-family) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 162.45 716.65 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 175.55 709.15 Td (and) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 166.60 701.65 Td (Industrial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 216.45 724.15 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 218.00 716.65 Td (Real Estate ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 224.75 709.15 Td (Owner ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 220.60 701.65 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 270.95 724.15 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.50 716.65 Td (Real Estate ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 271.55 709.15 Td (Non-Owner ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 275.10 701.65 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 324.60 701.65 Td (Construction) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.60 709.15 Td (Residential) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.50 701.65 Td (RealEstate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 429.95 709.15 Td (Manufactured) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 438.25 701.65 Td (Housing) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 495.45 709.15 Td (Other) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 488.55 701.65 Td (Consumer) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 546.80 701.65 Td (Total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 33.50 688.65 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 676.11 Td (Pass/Satisfactory) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 115.60 676.11 Td (2,907,362) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 159.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 175.00 676.11 Td (784,892) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 212.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 230.00 676.11 Td (295,762) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 267.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 284.00 676.11 Td (950,886) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 321.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 676.11 Td (87,240) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 376.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 389.00 676.11 Td (268,210) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 426.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 676.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 485.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 676.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 532.50 676.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 542.60 676.11 Td (5,294,352) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 664.11 Td (Special Mention) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 136.90 664.11 Td (661) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 179.25 664.11 Td (14,052) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 238.50 664.11 Td (7,840) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 292.50 664.11 Td (1,671) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 664.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 403.90 664.11 Td (282) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 664.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 664.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 664.11 Td (24,506) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 652.11 Td (Substandard) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 130.50 652.11 Td (1,416) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 183.50 652.11 Td (4,215) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 238.50 652.11 Td (4,639) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 292.50 652.11 Td (3,698) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 652.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 397.50 652.11 Td (3,121) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 652.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 652.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 652.11 Td (17,089) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 640.11 Td (Performing \(1\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 640.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 194.15 640.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 249.15 640.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.15 640.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 640.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 640.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 448.00 640.11 Td (104,484) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 503.50 640.11 Td (2,877) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 549.00 640.11 Td (107,361) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 628.11 Td (Non-performing \(2\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 628.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 194.15 628.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 249.15 628.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.15 628.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 628.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 628.11 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 456.50 628.11 Td (9,006) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 509.90 628.11 Td (247) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 557.50 628.11 Td (9,253) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 616.24 Td (Total) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 115.60 616.11 Td (2,909,439) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 159.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 175.00 616.11 Td (803,159) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 212.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 230.00 616.11 Td (308,241) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 267.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 284.00 616.11 Td (956,255) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 321.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 616.11 Td (87,240) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 376.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 389.00 616.11 Td (271,613) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 426.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 448.00 616.11 Td (113,490) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 485.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 503.50 616.11 Td (3,124) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 532.50 616.11 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 542.60 616.11 Td (5,452,561) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 586.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 586.60 Td (Includes consumer and other installment loans not subject to risk ratings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 574.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 574.60 Td (Includes loans that are past due and still accruing interest and loans on non-accrual status.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.60 Td (NOTE10 BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 185.30 532.60 Td (AND EQUIPMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.60 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 273.00 514.60 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.58 514.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 514.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 514.60 Td ( were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 500.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.70 296.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 450.70 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 450.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 450.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 450.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 450.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.70 296.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 420.70 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 420.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 420.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 420.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 420.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.70 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 390.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 390.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 390.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 390.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 360.70 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 360.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 360.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 360.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 360.70 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 428.5 476.7 m 493.5 476.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 476.7 m 497.5 476.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 476.7 m 562.5 476.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 463.7 m 424.5 463.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 463.7 m 493.5 463.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 463.7 m 562.5 463.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 463.7 m 424.5 463.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.7 m 493.5 390.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 390.7 m 562.5 390.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 360.7 m 493.5 360.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 360.7 m 562.5 360.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 346.7 m 493.5 346.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 344.7 m 493.5 344.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 346.7 m 562.5 346.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 344.7 m 562.5 344.7 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 480.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.00 480.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 480.95 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 467.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.75 467.95 Td (ExpectedUsefulLife) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 467.95 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 467.95 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 454.95 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.27 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 440.37 Td (3 to 25 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 440.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 440.37 Td (13,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 440.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 440.37 Td (12,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.27 Td (Furniture, fixtures and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 425.37 Td (5 to 10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 425.37 Td (6,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 425.37 Td (5,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.27 Td (IT equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 410.37 Td (3 to 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 410.37 Td (6,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 410.37 Td (5,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.27 Td (Automobiles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 395.37 Td (3 to 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 395.37 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 395.37 Td (206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 380.37 Td (26,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 380.37 Td (23,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.27 Td (Accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 365.87 Td (\(14,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 365.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 365.87 Td (\(12,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 365.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 351.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 350.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 350.37 Td (12,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 350.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 350.37 Td (11,146) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.20 Td (Premises and equipment for BankMobile totaled approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.88 310.20 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.78 310.20 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.21 310.20 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.11 310.20 Td (, net of accumulated depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.20 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 298.20 Td ($221 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.44 298.20 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.88 298.20 Td ($58 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.49 298.20 Td (, at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 298.20 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.79 298.20 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.22 298.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.22 298.20 Td (, respectively) Tj ET Q q 0 0 0 rg BT 377.89 298.20 Td (. ) Tj ET Q q 0 0 0 rg BT 385.21 298.20 Td (These amounts are presented within "Assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.20 Td (held for sale" on the consolidated balance sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.20 Td (Future minimum rental commitments pursuant to non-cancelable leases as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.47 250.20 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.06 250.20 Td ( were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 235.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.35 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 199.35 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 169.35 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 169.35 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 139.35 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 139.35 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 109.35 425.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 109.35 83.00 -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 475.5 212.35000000000002 m 558.5 212.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 212.35000000000002 m 558.5 212.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 109.35000000000002 m 558.5 109.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 95.35000000000002 m 558.5 95.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 93.35000000000002 m 558.5 93.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 216.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.05 216.60 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 203.60 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 189.92 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 189.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 189.02 Td (3,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 174.92 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 174.02 Td (3,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 159.92 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 159.02 Td (3,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.92 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 144.02 Td (2,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 129.92 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 129.02 Td (2,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 114.92 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 114.02 Td (8,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 99.92 Td (Total minimum payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 99.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 99.02 Td (24,528) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.85 Td (Rent expense from continuing operations was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.77 70.85 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.66 70.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.66 70.85 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.55 70.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.99 70.85 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.88 70.85 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.85 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 58.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.58 58.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.58 58.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.02 58.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.02 58.85 Td (, respectively) Tj ET Q q 0 0 0 rg BT 245.68 58.85 Td (. Rent expense included in discontinued operations was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.30 58.85 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.19 58.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.63 58.85 Td ($0.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 46.85 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.24 46.85 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.83 46.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.27 46.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.27 46.85 Td (, respectively) Tj ET Q q 0 0 0 rg BT 330.93 46.85 Td (. ) Tj ET Q q 0 0 0 rg BT 338.25 46.85 Td (There was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.11 46.85 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.11 46.85 Td ( rent expense included in discontinued ) Tj ET Q 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (operations for the year ended December 31, 2014. Customers' leases are for land and branch or of) Tj ET Q q 0 0 0 rg BT 440.37 742.10 Td (fice space. ) Tj ET Q q 0 0 0 rg BT 487.01 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 493.68 742.10 Td ( majority of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (leases provide for the payment of taxes, maintenance, insurance and certain other expenses applicable to the leased premises. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Many of the leases contain extension provisions and escalation clauses. ) Tj ET Q q 0 0 0 rg BT 337.80 718.10 Td (These leases are generally renewable and may) Tj ET Q q 0 0 0 rg BT 522.05 718.10 Td (, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (certain cases, contain renewal provisions and options to expand and contract space and terminate the leases at predetermined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (contractual dates. In addition, escalation clauses may exist, which are tied to a predetermined rate or may change based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (specified percentage increase or the Consumer Price Index.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (NOTE1) Tj ET Q q 0 0 0 rg BT 85.29 652.10 Td (1 DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 634.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 634.10 Td (, BankMobile met the criteria to be classified as "held for sale". ) Tj ET Q q 0 0 0 rg BT 399.45 634.10 Td (As a result, Customers reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (BankMobile-related deposits from "T) Tj ET Q q 0 0 0 rg BT 199.74 622.10 Td (otal deposits" to "Liabilities held for sale" on the consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 610.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 610.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 610.10 Td (. For more information on BankMobile, see NOTE 3 - DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 498.54 610.10 Td (TIONS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (The components of deposits from continuing operations at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.06 592.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 592.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.09 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.09 592.10 Td ( were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.60 377.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 545.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 545.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 545.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.60 377.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 517.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 517.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 517.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.60 377.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 489.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 489.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 489.60 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 427.5 569.6 m 492.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 569.6 m 496.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 569.6 m 562.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 557.6 m 492.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 557.6 m 492.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 475.6 m 492.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 475.6 m 562.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 462.6 m 492.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 460.6 m 492.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 462.6 m 562.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 460.6 m 562.5 460.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.05 573.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.50 561.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 561.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 549.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.17 Td (Demand, non-interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 536.17 Td (512,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 536.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 536.17 Td (408,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.17 Td (Demand, interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 522.17 Td (339,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 522.17 Td (127,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.17 Td (Savings, including money market deposit accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 508.17 Td (3,163,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 508.17 Td (2,778,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.17 Td (Time, $100,000 and over) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 494.17 Td (2,106,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 494.17 Td (1,624,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td (Time, other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 480.17 Td (724,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 480.17 Td (723,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.17 Td (Total deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 466.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 466.17 Td (6,846,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 466.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 466.17 Td (5,662,433) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.70 Td (The scheduled maturities for time deposits from continuing operations at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.82 435.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.40 435.70 Td ( were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 490.44 435.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.20 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 390.20 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.20 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 362.20 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.20 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 334.20 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.20 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 306.20 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 486.5 402.2 m 562.5 402.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 306.2 m 562.5 306.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 293.2 m 562.5 293.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 291.2 m 562.5 291.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 406.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.55 406.45 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 394.15 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 380.77 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 380.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 380.77 Td (2,047,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.77 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 366.77 Td (446,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 352.77 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 352.77 Td (198,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.77 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 338.77 Td (47,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.77 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 324.77 Td (91,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.77 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 310.77 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 296.77 Td (Total time deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 296.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 296.77 Td (2,831,762) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.70 Td (The aggregate amounts of demand deposit overdrafts from continuing operations that were reclassified as loans were not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.70 Td (material at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.98 256.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.56 256.70 Td ( and 2015. ) Tj ET Q q 0 0 0 rg BT 217.82 256.70 Td (T) Tj ET Q q 0 0 0 rg BT 223.57 256.70 Td (ime deposits greater than $250,000 from continuing operations totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.40 256.70 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.51 256.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 244.70 Td ($920.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 244.70 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.05 244.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.63 244.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.07 244.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.07 244.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 308.73 244.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.70 Td (Included in the savings balances above were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.21 220.70 Td ($972.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 220.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.54 220.70 Td ($815.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.43 220.70 Td ( of brokered money market deposits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 208.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 208.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 208.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 208.70 Td (. ) Tj ET Q q 0 0 0 rg BT 227.63 208.70 Td (Also included in time, other balances above were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.29 208.70 Td ($721.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.18 208.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.62 208.70 Td ($612.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 196.70 Td ( of brokered time deposits, respectively) Tj ET Q q 0 0 0 rg BT 235.97 196.70 Td (, at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.69 196.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.27 196.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.71 196.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.71 196.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.70 Td (BankMobile non-interest bearing demand deposits were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.61 172.70 Td ($453.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.50 172.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.94 172.70 Td ($244.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.83 172.70 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.04 172.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.63 172.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.07 172.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.07 172.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 160.70 Td (, and savings account balances were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.55 160.70 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.44 160.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.88 160.70 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.77 160.70 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.98 160.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.57 160.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.01 160.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.01 160.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 544.67 160.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 148.70 Td (otal BankMobile demand deposit overdrafts reclassified as assets held for sale were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.52 148.70 Td ($12.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.42 148.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.85 148.70 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.75 148.70 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 136.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 136.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 136.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 136.70 Td (. Overdraft balances for BankMobile at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.85 136.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.43 136.70 Td ( related primarily to one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.70 Td (commercial customer and were collected the next business day) Tj ET Q q 0 0 0 rg BT 300.92 124.70 Td (. ) Tj ET Q 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 BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE12 BORROWINGS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Short-term debt at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.26 706.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 706.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.28 706.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 706.25 Td ( was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.75 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 635.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 635.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 635.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 635.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 635.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.75 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 607.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 607.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 607.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 607.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 607.75 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 292.5 671.75 m 357.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 671.75 m 361.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 671.75 m 425.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 671.75 m 429.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 671.75 m 493.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 671.75 m 497.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 671.75 m 562.5 671.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 659.75 m 357.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 659.75 m 361.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 659.75 m 425.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 659.75 m 493.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 659.75 m 497.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 659.75 m 562.5 659.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 647.75 m 357.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 647.75 m 425.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 647.75 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 292.5 607.75 m 357.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 607.75 m 493.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 594.75 m 357.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 592.75 m 357.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 594.75 m 493.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 592.75 m 493.5 592.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.55 675.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.50 663.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 663.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 651.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.35 651.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.65 651.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.85 651.70 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.15 651.70 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 639.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 626.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 626.32 Td (688,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 626.32 Td (0.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 626.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 626.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 626.32 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 626.32 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 626.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.32 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 612.32 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 612.32 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 612.32 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 612.32 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 598.32 Td (Total short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 598.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 598.32 Td (771,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 598.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 598.32 Td (1,435,300) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.25 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 50.50 523.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 523.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 523.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 523.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 523.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 523.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 495.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 495.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 495.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 495.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 495.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 495.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 467.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 467.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 467.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 467.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 467.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 439.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 439.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 439.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 439.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 439.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 439.75 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 359.5 547.75 m 424.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 547.75 m 428.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 547.75 m 493.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 547.75 m 497.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 547.75 m 562.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 535.75 m 424.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 535.75 m 493.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 535.75 m 562.5 535.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 551.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.05 551.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 539.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 539.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 539.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 539.70 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 527.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.32 Td (FHLB advances:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 500.32 Td (Maximum outstanding at any month end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 500.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 500.32 Td (1,697,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 500.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 500.32 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 500.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 500.32 Td (1,383,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 486.32 Td (Average balance during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 486.32 Td (965,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 486.32 Td (844,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 486.32 Td (898,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 472.32 Td (Weighted-average interest rate during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 472.32 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 472.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 472.32 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 472.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 472.32 Td (0.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 472.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.32 Td (Federal funds purchased:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 444.32 Td (Maximum outstanding at any month end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 444.32 Td (137,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 444.32 Td (85,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 444.32 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 430.32 Td (Average balance during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 430.32 Td (84,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 430.32 Td (41,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 430.32 Td (13,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 416.32 Td (Weighted-average interest rate during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 416.32 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 416.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 416.32 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 416.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 416.32 Td (0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 416.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 388.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 388.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 388.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 388.25 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 464.32 388.25 Td ($237.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.21 388.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td ($175.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 376.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 161.55 376.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (Long-term debt) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 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 50.00 301.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 243.35 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 243.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 243.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 243.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 243.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 243.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 243.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 243.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 215.35 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 215.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 215.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 215.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 215.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 215.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 215.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 215.35 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 290.5 279.35 m 355.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 279.35 m 359.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 279.35 m 424.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 279.35 m 428.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 279.35 m 493.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 279.35 m 497.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 279.35 m 562.5 279.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 267.35 m 355.5 267.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 267.35 m 359.5 267.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 267.35 m 424.5 267.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 267.35 m 493.5 267.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 267.35 m 497.5 267.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 267.35 m 562.5 267.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 255.35000000000002 m 355.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 255.35000000000002 m 424.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 255.35000000000002 m 493.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 255.35000000000002 m 562.5 255.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 215.35000000000002 m 355.5 215.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 202.35000000000002 m 355.5 202.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 200.35000000000002 m 355.5 200.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.35000000000002 m 493.5 215.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 202.35000000000002 m 493.5 202.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 200.35000000000002 m 493.5 200.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 283.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.55 283.30 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 271.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.00 271.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 271.30 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 259.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.35 259.30 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.15 259.30 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.35 259.30 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.15 259.30 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 247.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 233.92 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 233.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 233.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 233.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 233.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 233.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 233.92 Td (205,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 233.92 Td (1.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 233.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 219.92 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 219.92 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 219.92 Td (1.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 219.92 Td (55,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 219.92 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 205.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 205.92 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 205.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 205.92 Td (260,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.85 Td (Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.77 177.85 Td ($180.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.66 177.85 Td ( of long-term advances that mature in 2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.11 177.85 Td ($170.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 177.85 Td ( are fixed rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.85 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 410.73 153.85 Td ($4.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.85 153.85 Td ( and with the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.85 Td (Reserve Bank of Philadelphia of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.47 141.85 Td ($158.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.36 141.85 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.57 141.85 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.16 141.85 Td (.) Tj ET Q q 0 0 0 rg BT 336.98 141.85 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 50.00 129.85 Td (Federal Home Loan Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 129.85 Td ($3.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.02 129.85 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 432.41 129.85 Td ($59.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 129.85 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.52 129.85 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 117.85 Td (. ) Tj ET Q q 0 0 0 rg BT 76.95 117.85 Td (Amounts can be borrowed as short-term or long-term. ) Tj ET Q q 0 0 0 rg BT 297.45 117.85 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.89 117.85 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.48 117.85 Td (, advances under these arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.85 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 359.33 105.85 Td ($200.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.22 105.85 Td ( and qualifying loans of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.85 Td (Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.44 93.85 Td ($3.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.55 93.85 Td (.) 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 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, 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 404.63 724.10 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.52 724.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.85 724.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.68 724.10 Td ( senior notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (due 2019. Interest is paid semi-annually in arrears in June and December) Tj ET Q q 0 0 0 rg BT 341.02 712.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (In July and ) Tj ET Q q 0 0 0 rg BT 96.39 694.10 Td (August 2013, the Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.37 694.10 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.26 694.10 Td ( in aggregate principal amount of senior notes due 2018. ) Tj ET Q q 0 0 0 rg BT 513.08 694.10 Td (The notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.36 682.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.19 682.10 Td (per year which is payable on March15,June15,September15, and December15. ) Tj ET Q q 0 0 0 rg BT 476.90 682.10 Td (The notes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (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 50.00 652.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 73.52 652.10 Td (dinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (On June 26, 2014, the Bank closed a private placement transaction in which it issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.86 634.10 Td ($1) Tj ET Q q 0 0 0 rg BT 401.49 634.10 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.38 634.10 Td ( of fixed-to-floating rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (subordinated notes due 2029. ) Tj ET Q q 0 0 0 rg BT 169.52 622.10 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 419.15 622.10 Td (6.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.98 622.10 Td ( until June 26, 2024, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (interest is paid semiannually) Tj ET Q q 0 0 0 rg BT 163.49 610.10 Td (. From June 26, 2024, the subordinated notes will bear an annual interest rate equal to three-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.67 598.10 Td (344.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.17 598.10 Td ( basis points until maturity on June 26, 2029. ) Tj ET Q q 0 0 0 rg BT 306.48 598.10 Td (The Bank has the ability to call the subordinated notes, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (whole or in part, at a redemption price equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.21 586.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 586.10 Td ( of the principal balance at certain times on or after June 26, 2024. ) Tj ET Q q 0 0 0 rg BT 531.04 586.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (subordinated notes qualify as ) Tj ET Q q 0 0 0 rg BT 169.24 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.00 574.10 Td (ier 2 capital for regulatory capital purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (NOTE13 SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 186.78 544.10 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (During 2016, Customers Bancorp issued shares of its common stock pursuant to the following public of) Tj ET Q q 0 0 0 rg BT 465.32 490.10 Td (ferings:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (On November 9, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.58 466.10 Td (2,415,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.58 466.10 Td ( shares of common stock at a price to the public of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.47 466.10 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.97 466.10 Td ( per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (share as part of an underwritten public of) Tj ET Q q 0 0 0 rg BT 214.48 454.10 Td (fering. Customers received net proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.58 454.10 Td ($58.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.48 454.10 Td ( from the of) Tj ET Q q 0 0 0 rg BT 489.78 454.10 Td (fering, after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (deducting of) Tj ET Q q 0 0 0 rg BT 100.08 442.10 Td (fering costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 418.10 Td (August 1) Tj ET Q q 0 0 0 rg BT 100.19 418.10 Td (1, 2016, Customers Bancorp entered into an ) Tj ET Q q 0 0 0 rg BT 278.21 418.10 Td (At Market Issuance Sales ) Tj ET Q q 0 0 0 rg BT 382.08 418.10 Td (Agreement \("the Sales ) Tj ET Q q 0 0 0 rg BT 474.18 418.10 Td (Agreement"\) with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (FBR Capital Markets & Co., Keefe, Bruyette & ) Tj ET Q q 0 0 0 rg BT 243.40 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.04 406.10 Td (oods, Inc. and Maxim Group LLC. Customers Bancorp has authorized the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (sale, at its discretion, of shares of its common stock, in an aggregate of) Tj ET Q q 0 0 0 rg BT 333.08 394.10 Td (fering amount up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.73 394.10 Td ($50 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.12 394.10 Td ( under the Sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Agreement. Customers issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.20 382.10 Td (219,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.70 382.10 Td ( shares in connection with this Sales ) Tj ET Q q 0 0 0 rg BT 351.63 382.10 Td (Agreement during 2016 receiving net proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 370.10 Td (, net of of) Tj ET Q q 0 0 0 rg BT 137.59 370.10 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (The net proceeds from the common stock of) Tj ET Q q 0 0 0 rg BT 226.71 346.10 Td (ferings will be used for general corporate purposes, which may include working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (capital and the funding of or) Tj ET Q q 0 0 0 rg BT 163.39 334.10 Td (ganic growth at Customers Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (In May 2014, Customers announced that its Board of Directors had declared a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.91 310.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.24 310.10 Td ( stock dividend to all shareholders of record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (as of May 27, 2014. ) Tj ET Q q 0 0 0 rg BT 132.31 298.10 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 450.84 298.10 Td (2,429,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.84 298.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (In November 2013, Customers Bancorp announced that its Board of Directors had authorized a stock repurchase plan in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (it could acquire up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.48 250.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.81 250.10 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 382.40 250.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.73 250.10 Td ( premium over the current book value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (The repurchase program may be suspended, modified or discontinued at any time, and the Bancorp has no obligation to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (repurchase any amount of its common stock under the program. ) Tj ET Q q 0 0 0 rg BT 307.80 226.10 Td (There was no stock repurchased during 2016, 2015 or 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 202.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 202.10 Td ( and 2015, there were warrants outstanding to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.35 202.10 Td (184,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.85 202.10 Td ( shares and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.77 202.10 Td (627,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.27 202.10 Td ( shares, respectively) Tj ET Q q 0 0 0 rg BT 556.43 202.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 142.76 190.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 212.58 190.10 Td (The purchase prices at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.76 190.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.34 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.78 190.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.78 190.10 Td ( ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.92 190.10 Td ($9.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.42 190.10 Td ( per share to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td ($73.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 178.10 Td ( per share.) Tj ET Q 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 BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 742.25 Td (eferr) Tj ET Q q 0 0 0 rg BT 81.27 742.25 Td (ed Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Customers Bancorp currently has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.08 718.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.74 718.25 Td ( series of preferred stock outstanding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Preferred stock issued during 2016 included the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (On September 16, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.14 670.25 Td (3,400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.14 670.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Preferred Stock, Series F) Tj ET Q q 0 0 0 rg BT 149.17 658.25 Td (, \(the Series F Preferred Stock\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.83 658.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.33 658.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.17 658.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.67 658.25 Td ( per share in a public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 646.25 Td (fering. Dividends on the Series F Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 634.25 Td (6.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 634.25 Td ( from the original issue date to, but excluding, December 15, 2021, and thereafter at a floating rate per annum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (equal to three-month LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.45 622.25 Td (4.762%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.28 622.25 Td ( per annum. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (received net proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.95 610.25 Td ($82.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 610.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 251.14 610.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 350.92 610.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 580.25 Td (April 28, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.93 580.25 Td (2,300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.93 580.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (Stock, Series E, \(the Series E Preferred Stock\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.03 568.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 568.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.36 568.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.86 568.25 Td ( per share in a public of) Tj ET Q q 0 0 0 rg BT 524.09 568.25 Td (fering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Dividends on the Series E 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 50.00 544.25 Td (6.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 544.25 Td ( from the original issue date to, but excluding, June 15, 2021, and thereafter at a floating rate per annum equal to three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (month LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.70 532.25 Td (5.14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.53 532.25 Td ( per annum. Customers received net proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 520.25 Td ($55.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 520.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 162.03 520.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 261.80 520.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (On January 29, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.48 490.25 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.48 490.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Preferred Stock, Series D, \(the "Series D Preferred Stock"\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.24 478.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.74 478.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.57 478.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.07 478.25 Td ( per share in a public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 466.25 Td (fering. Dividends on the Series D Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 454.25 Td (6.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 454.25 Td ( from the original issue date to, but excluding, March 15, 2021, and thereafter at a floating rate per annum equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (to three-month LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.29 442.25 Td (5.09%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.12 442.25 Td ( per annum. Customers received net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 430.25 Td ($24.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.76 430.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 200.06 430.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 299.84 430.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (Preferred stock issued during 2015 included the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (On May 18, 2015, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.71 370.25 Td (2,300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.71 370.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Stock, Series C, \(the "Series C Preferred Stock"\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.44 358.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.94 358.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.77 358.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.27 358.25 Td ( per share in a public of) Tj ET Q q 0 0 0 rg BT 524.50 358.25 Td (fering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Dividends on the Series C Preferred Stock 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 50.00 334.25 Td (7.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 334.25 Td ( from the original issue date to, but excluding, June 15, 2020, and thereafter at a floating rate per annum equal to three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (month LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.70 322.25 Td (5.30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.53 322.25 Td ( per annum. Customers received net proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 310.25 Td ($55.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 310.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 162.03 310.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 261.80 310.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (The net proceeds from the preferred stock of) Tj ET Q q 0 0 0 rg BT 228.35 280.25 Td (ferings will be used for general corporate purposes, which may include working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (capital and the funding of or) Tj ET Q q 0 0 0 rg BT 163.39 268.25 Td (ganic growth at Customers Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Dividends on the Series C, Series D, Series E, and Series F Preferred Stock are not cumulative. If Customers Bancorp's board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (of directors or a duly authorized committee of the board does not declare a dividend on the Series C, Series D, Series E, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Series F Preferred Stock in respect of a dividend period, then no dividend shall be deemed to have accrued for such dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (period, be payable on the applicable dividend payment date, or be cumulative, and Customers Bancorp will have no obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (to pay any dividend for that dividend period, whether or not the board of directors or a duly authorized committee of the board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (declares a dividend on the Series C, Series D, Series E, and Series F Preferred Stock for any future dividend period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (The Series C, Series D, Series E, and Series F Preferred Stock have no stated maturity) Tj ET Q q 0 0 0 rg BT 393.71 148.25 Td (, are not subject to any mandatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (redemption, sinking fund or other similar provisions and will remain outstanding unless redeemed at Customers Bancorp's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (option. Customers Bancorp may redeem the Series C, Series D, Series E and Series F Preferred Stock at its option, at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (redemption price equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 112.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.46 112.25 Td ( per share, plus any declared and unpaid dividends \(without regard to any undeclared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (dividends\), \(i\) in whole or in part, from time to time, on any dividend payment date on or after June 15, 2020 for the Series C ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Preferred Stock, March 15, 2021 for the Series D Preferred Stock, June 15, 2021 for the Series E Preferred Stock, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (December 15, 2021 for the Series F Preferred Stock and or \(ii\) in whole but not in part, within 90 days following the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (occurrence of a regulatory capital treatment event. ) Tj ET Q q 0 0 0 rg BT 253.23 64.25 Td (Any redemption of the Series C, Series D, Series E, and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (Stock is subject to prior approval of the Board of Governors of the Federal Reserve System. ) Tj ET Q q 0 0 0 rg BT 420.01 52.25 Td (The Series C, Series D, Series E, ) Tj ET Q 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and Series F Preferred Stock qualify as ) Tj ET Q q 0 0 0 rg BT 208.39 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 214.15 742.10 Td (ier 1 capital under regulatory capital guidelines. Except in limited circumstances, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Series C, Series D, Series E, and Series F Preferred Stock do not have any voting rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Preferred stock dividends paid during 2016 included the following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (On December 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (30, 2016:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 658.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 658.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 658.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 646.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 646.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 646.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 634.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 634.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 634.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 622.10 Td (a cash dividend on its Series F Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.96 622.10 Td ($0.370833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.46 622.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (On September 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of ) Tj ET Q q 0 0 0 rg BT 516.27 598.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (2016:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 574.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 574.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 574.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 562.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 562.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 562.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 550.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 550.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 550.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (On June 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of May 31, 2016: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 514.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 514.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 514.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 502.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 502.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 502.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 490.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 490.10 Td ($0.210521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 490.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (On March 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of February 29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2016: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 442.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 442.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 442.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 430.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 430.10 Td ($0.2076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.12 430.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Preferred stock dividends paid during 2015 included the following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (On December 15, 2015, Customers made the following dividend payment to preferred shareholders of record on November 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (2015:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 358.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 358.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 358.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (On September 15, 2015, Customers made the following dividend payment to preferred shareholders of record on ) Tj ET Q q 0 0 0 rg BT 503.22 334.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (2015:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 310.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 310.10 Td ($0.56875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.56 310.10 Td ( per share. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (NOTE14 EMPLOYEE BENEFIT) Tj ET Q q 0 0 0 rg BT 204.29 256.10 Td ( PLANS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 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 50.00 208.10 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 403.56 208.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.89 208.10 Td ( of the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.54 208.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.88 208.10 Td ( of the contribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (made by the team member) Tj ET Q q 0 0 0 rg BT 155.52 196.10 Td (. Employer contributions for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.08 196.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.66 196.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.66 196.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.66 196.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 196.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.60 196.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.03 196.10 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.92 196.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 184.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 184.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.72 184.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 222.38 184.10 Td (, including contributions for BankMobile team members. Employer contributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (for BankMobile team members for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.71 172.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.29 172.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.72 172.10 Td ($0.2 million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 404.61 172.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.11 172.10 Td (Employer contributions for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (BankMobile team members prior to 2016 were not material.) Tj ET Q 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 /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Supplemental Executive Retir) Tj ET Q q 0 0 0 rg BT 167.92 742.10 Td (ement Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 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 537.47 724.10 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (that provides annual retirement benefits for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 712.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.43 712.10 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 454.84 712.10 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.84 712.10 Td ( or when he terminates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (employment. ) Tj ET Q q 0 0 0 rg BT 104.81 700.10 Td (The SERP) Tj ET Q q 0 0 0 rg BT 146.39 700.10 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 50.00 688.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 688.10 Td (get annual retirement benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.92 688.10 Td ($300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.42 688.10 Td ( per year for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.06 688.10 Td (15 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.66 688.10 Td ( starting at age ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.74 688.10 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.74 688.10 Td (, based on an assumed constant rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (return of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.21 676.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 676.10 Td (per year) Tj ET Q q 0 0 0 rg BT 134.96 676.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.78 676.10 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 50.00 664.10 Td (less than or greater than the tar) Tj ET Q q 0 0 0 rg BT 173.10 664.10 Td (get. ) Tj ET Q q 0 0 0 rg BT 190.14 664.10 Td (The Bank intends to fund its obligations under the SERP) Tj ET Q q 0 0 0 rg BT 416.69 664.10 Td ( with the increase in cash surrender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 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 381.09 652.10 Td (ficer which is owned by the Bank.) Tj ET Q q 0 0 0 rg BT 520.32 652.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (present value of the amount owed as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.39 640.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 640.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 640.10 Td ($3.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.42 640.10 Td ( and was included in other liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (NOTE15 SHARE-BASED COMPENSA) Tj ET Q q 0 0 0 rg BT 230.95 610.10 Td (TION PLANS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 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 50.00 562.10 Td (the shareholders of Customers Bancorp approved the 2012 ) Tj ET Q q 0 0 0 rg BT 286.61 562.10 Td (Amendment and Restatement of the Customers Bancorp, Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Amended and Restated 2004 Incentive Equity and Deferred Compensation Plan \(2004 Plan\). ) Tj ET Q q 0 0 0 rg BT 432.77 550.10 Td (The purpose of these plansis to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 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 50.00 526.10 Td (Directors and employees, of) Tj ET Q q 0 0 0 rg BT 162.56 526.10 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 50.00 514.10 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 50.00 502.10 Td (Customers. ) Tj ET Q q 0 0 0 rg BT 97.60 502.10 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 50.00 490.10 Td (retain the services of members of the Board of Directors, and employees, of) Tj ET Q q 0 0 0 rg BT 353.05 490.10 Td (ficers, and executives of Customers. Stock options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 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 50.00 466.10 Td (employed by Customers or continues to serve on the Board. ) Tj ET Q q 0 0 0 rg BT 291.72 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 300.76 466.10 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 50.00 454.10 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 507.52 454.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.85 454.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the date of grant. Certain share-based awards provide for accelerated vesting if there is a change in control \(as defined in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Plans\). No stock options may be exercisable for more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.33 430.10 Td (10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.93 430.10 Td ( from the date of grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 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 462.78 406.10 Td (The 2010 Plan provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 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 50.00 382.10 Td (employees, of) Tj ET Q q 0 0 0 rg BT 105.91 382.10 Td (ficers and executives. ) Tj ET Q q 0 0 0 rg BT 194.58 382.10 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 50.00 370.10 Td (Plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 370.10 Td (3,666,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.45 370.10 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 151.76 370.10 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 50.00 358.10 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 50.00 346.10 Td (unrestricted stock to employees, of) Tj ET Q q 0 0 0 rg BT 189.50 346.10 Td (ficers, executives, and members of the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 425.35 346.10 Td (The maximum number of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 299.96 334.10 Td (2,750,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.96 334.10 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 371.90 334.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.40 334.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.98 334.10 Td (, the aggregate number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 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 326.03 322.10 Td (1,360,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.03 322.10 Td ( shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (On January1, 201) Tj ET Q q 0 0 0 rg BT 122.95 298.10 Td (1, Customers initiated a Bonus Recognition and Retention Program \(BRRP\). ) Tj ET Q q 0 0 0 rg BT 441.06 298.10 Td (This is a restricted stock unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (plan. Employees eligible to participate in the BRRP) Tj ET Q q 0 0 0 rg BT 256.81 286.10 Td ( include the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 383.53 286.10 Td (ficer and other senior management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (highly compensated employees as determined by the Compensation Committee at its sole discretion. Under the BRRP) Tj ET Q q 0 0 0 rg BT 522.14 274.10 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (participant may elect to defer not less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.16 262.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.49 262.10 Td (, nor more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.08 262.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.41 262.10 Td (, of his or her bonus payable with respect to each year of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (participation. Shares of ) Tj ET Q q 0 0 0 rg BT 145.35 250.10 Td (V) Tj ET Q q 0 0 0 rg BT 151.28 250.10 Td (oting Common Stock having a value equal to the portion of the bonus deferred by a participant are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (allocated to an annual deferral account, and a matching amount equal to an identical number of shares of common stock is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (allocated to the annual deferral account. ) Tj ET Q q 0 0 0 rg BT 211.87 226.10 Td (A) Tj ET Q q 0 0 0 rg BT 218.54 226.10 Td ( participant becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.78 226.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.11 226.10 Td ( vested in the annual deferral account on the fifth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (anniversary date of the initial funding of the account, provided he or she remains continuously employed by Customers from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (the date of funding to the anniversary date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 178.10 Td (esting is accelerated in the event of involuntary termination other than for cause, retirement at or after age ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.77 178.10 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.77 178.10 Td (, death, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (termination on account of disability) Tj ET Q q 0 0 0 rg BT 192.09 166.10 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 50.00 154.10 Td (under the BRRP) Tj ET Q q 0 0 0 rg BT 115.19 154.10 Td ( with respect to their bonuses for 201) Tj ET Q q 0 0 0 rg BT 263.39 154.10 Td (1, which were payable in first quarter 2012. ) Tj ET Q q 0 0 0 rg BT 440.38 154.10 Td (The BRRP) Tj ET Q q 0 0 0 rg BT 483.62 154.10 Td ( does not provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (for a specific number of shares to be reserved; by its terms, the award of restricted stock units under this plan is limited by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (amount of cash bonuses paid to the participants in the plan. ) Tj ET Q q 0 0 0 rg BT 288.84 130.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.34 130.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.92 130.10 Td (, restricted stock units outstanding under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (plan totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 118.10 Td (340,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.93 118.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 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 82.10 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 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 442.61 82.10 Td (otal share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (compensation expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 70.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.91 70.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.91 70.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 70.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.85 70.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.85 70.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.40 70.10 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.29 70.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.29 70.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 70.10 Td (, and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.12 70.10 Td (4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.01 70.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 490.67 70.10 Td (, including share-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (based compensation expense for BankMobile team members. Share based compensation related to BankMobile team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.16 46.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 46.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.60 46.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 46.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.15 46.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.04 46.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.48 46.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.37 46.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 314.03 46.10 Td (. Share based compensation related to BankMobile team ) Tj ET Q 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (members 2014 was not material. ) Tj ET Q q 0 0 0 rg BT 184.69 742.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.19 742.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.78 742.10 Td (, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.31 742.10 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.21 742.10 Td ( of unrecognized compensation cost related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (all non-vested share-based compensation awards. ) Tj ET Q q 0 0 0 rg BT 249.75 730.10 Td (This cost is expected to be recognized through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.03 730.10 Td (December 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.61 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 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 507.34 706.10 Td (The ESPP) Tj ET Q q 0 0 0 rg BT 547.81 706.10 Td ( is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (intended to encourage team member participation in the ownership and economic progress of Customers. ) Tj ET Q q 0 0 0 rg BT 473.31 694.10 Td (This plan is intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 Td (Compensation Committee of the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Under the ESPP) Tj ET Q q 0 0 0 rg BT 113.89 646.10 Td (, team members may elect to purchase shares of Customers' common stock through payroll deduction. Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the purchase price under the plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.11 634.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.44 634.10 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 50.00 622.10 Td (subscription period \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 622.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.03 622.10 Td ( discount to the market price\), Customers' ESPP) Tj ET Q q 0 0 0 rg BT 350.00 622.10 Td ( is considered to be a compensatory plan under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (current accounting guidance. ) Tj ET Q q 0 0 0 rg BT 168.10 610.10 Td (Therefore, the entire amount of the discount is recognizable compensation expense. ESPP) Tj ET Q q 0 0 0 rg BT 527.34 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 598.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 598.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.31 598.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.31 598.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.86 598.10 Td ($103 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.47 598.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.90 598.10 Td ($80 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.51 598.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 363.17 598.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 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 519.15 550.10 Td (The risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (free interest rate was based upon the zero-coupon ) Tj ET Q q 0 0 0 rg BT 250.29 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 256.04 538.10 Td (reasury rates in ef) Tj ET Q q 0 0 0 rg BT 327.22 538.10 Td (fect on the grant date of the options based on the expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (life of the option. Expected volatility was based upon limited historical information because Customers' common stock has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (only been traded since February 2012. Expected life was management) Tj ET Q q 0 0 0 rg BT 333.23 514.10 Td (s estimate which took into consideration the vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (requirement, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.01 502.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 502.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.33 502.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.88 502.10 Td ( years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 478.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 478.10 Td (, options to purchase an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.22 478.10 Td (297,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.72 478.10 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 50.00 466.10 Td (certain of) Tj ET Q q 0 0 0 rg BT 87.85 466.10 Td (ficers and team members. ) Tj ET Q q 0 0 0 rg BT 192.91 466.10 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 50.00 454.10 Td (Bancorp's voting common stock on the date of grant. ) Tj ET Q q 0 0 0 rg BT 263.80 454.10 Td (The majority of the options issued are subject to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.97 454.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.52 454.10 Td (-year clif) Tj ET Q q 0 0 0 rg BT 517.70 454.10 Td (f vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (and expire after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.24 442.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.46 442.10 Td ( years. In addition to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 442.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.70 442.10 Td (-year service requirement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.86 442.10 Td (277,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.36 442.10 Td ( of the options issued must meet one of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (following conditions in order for the options to become exercisable:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 400.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 400.10 Td (otal shareholder returns over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.30 400.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.85 400.10 Td (-year vesting period must be a minimum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.37 400.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.70 400.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.10 Td (Customers Bancorp must have achieved at least a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.49 370.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.82 370.10 Td ( compound annual increase in core earnings per share over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (five-year vesting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 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 50.00 316.10 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 50.00 304.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 304.10 Td (, the grant-date fair value of these awards is being recognized as expense over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.09 304.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.63 304.10 Td (-year vesting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 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 50.00 268.10 Td (option granted for the periods presented.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 253.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 231.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 231.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 231.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 231.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 231.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 203.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 203.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 203.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 203.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 203.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 203.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 175.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 175.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 175.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 175.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 175.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 175.20 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 356.5 231.20000000000005 m 422.5 231.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 231.20000000000005 m 492.5 231.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 231.20000000000005 m 562.5 231.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 231.20000000000005 m 422.5 231.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 231.20000000000005 m 492.5 231.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 231.20000000000005 m 562.5 231.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 235.15 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 235.15 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 235.15 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.77 Td (Weighted-average risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 221.77 Td (1.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 221.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 221.77 Td (1.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 221.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 221.77 Td (2.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 221.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 207.77 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 207.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 207.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 207.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 207.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 207.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 207.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 193.77 Td (Weighted-average expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 193.77 Td (23.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 193.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 193.77 Td (21.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 193.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 193.77 Td (18.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 193.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.77 Td (Weighted-average expected life \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 179.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 179.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 179.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 165.77 Td (Weighted-average fair value of each option granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 165.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 165.77 Td (7.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 165.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 165.77 Td (6.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 165.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 165.77 Td (4.52) Tj ET Q BT /F1 10.00 Tf ET 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 /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, 2016) 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 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 678.6 m 355.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 678.6 m 424.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 678.6 m 493.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 678.6 m 562.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 678.6 m 290.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 678.6 m 359.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 678.6 m 428.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 678.6 m 497.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 606.6 m 355.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 592.6 m 355.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 590.6 m 355.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 592.6 m 562.5 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 590.6 m 562.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 590.6 m 355.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 592.6 m 355.5 592.6 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.35 690.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.50 682.85 Td (of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.90 706.85 Td (W) Tj ET Q q 0 0 0 rg BT 381.81 706.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.05 698.85 Td (average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.70 690.85 Td (Exercise) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 682.85 Td (Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.90 722.85 Td (W) Tj ET Q q 0 0 0 rg BT 450.81 722.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.05 714.85 Td (average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.90 706.85 Td (Remaining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.80 698.85 Td (Contractual) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.10 690.85 Td (T) Tj ET Q q 0 0 0 rg BT 456.43 690.85 Td (erm) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 682.85 Td (in ) Tj ET Q q 0 0 0 rg BT 455.53 682.85 Td (Y) Tj ET Q q 0 0 0 rg BT 460.50 682.85 Td (ears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.80 698.85 Td (Aggregate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.15 690.85 Td (Intrinsic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.35 682.85 Td (V) Tj ET Q q 0 0 0 rg BT 525.24 682.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 670.55 Td (\(dollarsinthousands,exceptweighted-averageexerciseprice\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.27 Td (Outstanding, December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 656.27 Td (3,731,761) 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 (14.33) 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 (297,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 641.27 Td (25.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 626.32 Td (\(46,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 626.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 626.27 Td (10.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 626.27 Td (658) 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 320.80 611.32 Td (\(23,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 611.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 611.27 Td (13.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.27 Td (Outstanding, December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 596.27 Td (3,960,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 596.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 596.27 Td (15.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 596.27 Td (6.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 596.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 596.27 Td (81,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.27 Td (Exercisable at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 581.27 Td (1,094,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 581.27 Td (10.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 581.27 Td (3.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.27 Td (28,221) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (Cash received from the exercise of options during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.96 553.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.54 553.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.09 553.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.99 553.10 Td ( with a related tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.09 541.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 541.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 517.10 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 295.66 517.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.25 517.10 Td ( and changes during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 505.10 Td ( was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 465.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 465.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 465.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 465.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 437.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 437.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 437.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 409.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 409.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 409.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 409.60 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 428.5 465.6 m 493.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 465.6 m 562.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 465.6 m 493.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 465.6 m 562.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 409.6 m 493.5 409.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 396.6 m 493.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 394.6 m 493.5 394.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 469.85 Td (Options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 485.85 Td (W) Tj ET Q q 0 0 0 rg BT 519.81 485.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 517.05 477.85 Td (average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.40 469.85 Td (exerciseprice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 456.17 Td (Non-vested at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 456.17 Td (3,026,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 456.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 456.17 Td (15.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 442.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 442.17 Td (297,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 442.17 Td (25.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 428.22 Td (\(435,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 428.17 Td (14.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 414.22 Td (\(23,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 414.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 414.17 Td (13.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 400.17 Td (Non-vested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 400.17 Td (2,865,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 400.17 Td (17.24) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (The fair value of restricted stock units granted under the 2004 Plan is generally determined based on the closing market price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (Customers' common stock on the date of grant. ) Tj ET Q q 0 0 0 rg BT 240.75 336.10 Td (The fair value of restricted stock units granted under the BRRP) Tj ET Q q 0 0 0 rg BT 493.09 336.10 Td ( is measured as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (of the date on which such portion of the bonus would have been paid had the deferral not been elected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 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 50.00 288.10 Td (that had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 288.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 288.10 Td ( vesting requirements. ) Tj ET Q q 0 0 0 rg BT 190.34 288.10 Td (The first requirement was that the recipient remained an employee or director through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (December31, 2016.) Tj ET Q q 0 0 0 rg BT 133.40 276.10 Td (The second requirement was that Customers' ) Tj ET Q q 0 0 0 rg BT 314.98 276.10 Td (V) Tj ET Q q 0 0 0 rg BT 320.91 276.10 Td (oting Common Stock will have traded at a price greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (than $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.72 264.10 Td (17.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.22 264.10 Td ( per share \(adjusted for any stock splits or stock dividends\) for at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.92 264.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.47 264.10 Td ( consecutive trading days during the five-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (year period ending December31, 2016. ) Tj ET Q q 0 0 0 rg BT 210.87 252.10 Td (This second requirement was satisfied during fourth quarter 2013. Pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (terms of this award, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.92 240.10 Td (375,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.42 240.10 Td ( of restricted stock units vested on December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 216.10 Td (247,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.24 216.10 Td ( restricted stock units granted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.90 216.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.48 216.10 Td (. Of the aggregate restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (units granted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.93 204.10 Td (86,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.43 204.10 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 478.78 204.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.33 204.10 Td (-year clif) Tj ET Q q 0 0 0 rg BT 530.51 204.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 83.71 192.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.79 192.10 Td (160,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.29 192.10 Td ( units were granted under the Bancorp's Restated and ) Tj ET Q q 0 0 0 rg BT 391.53 192.10 Td (Amended 2004 Incentive Equity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (Deferred Compensation Plan and are subject to either a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.53 180.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.52 180.10 Td (-year waterfall vesting \(with one third of the amount vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (annually\) or a three-year clif) Tj ET Q q 0 0 0 rg BT 164.20 168.10 Td (f vesting. ) Tj ET Q endstream endobj 303 0 obj <>] /Rotate 0 /Contents 304 0 R>> endobj 304 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 (150) 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, 2016) 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, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.60 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 686.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 686.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 686.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.60 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 658.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 658.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 658.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.60 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 629.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 629.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 629.60 71.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 686.6 m 487.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 686.6 m 487.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 629.6 m 487.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 616.6 m 487.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 614.6 m 487.5 614.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.25 698.85 Td (Restricted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.70 690.85 Td (StockUnits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.90 706.85 Td (W) Tj ET Q q 0 0 0 rg BT 516.81 706.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.50 698.85 Td (averagegrant-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.60 690.85 Td (date fair 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 December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 677.17 Td (873,264) 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 (14.24) 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 (247,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 663.17 Td (23.85) 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 447.80 648.32 Td (\(473,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 648.27 Td (12.15) 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 (\(1,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 634.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 634.17 Td (22.84) 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, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 620.17 Td (645,505) 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 (19.43) 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, 2016) 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 (29,079) 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 ($0.8 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 generally determined based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (closing price of the common stock the day before the shares were issued.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (NOTE16 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 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 372.20 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 372.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 372.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 372.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 372.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 372.20 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 330.5 372.2 m 403.5 372.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 372.2 m 480.5 372.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 372.2 m 558.5 372.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 358.2 m 403.5 358.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 356.2 m 403.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 358.2 m 480.5 358.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 356.2 m 480.5 356.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 358.2 m 558.5 358.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 356.2 m 558.5 356.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.10 462.45 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.50 449.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.50 449.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.00 449.45 Td (2014) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 421.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 421.87 Td (53,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 421.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 421.87 Td (42,756) 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 (27,169) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 406.92 Td (\(2,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 406.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 406.92 Td (\(10,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 406.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 406.92 Td (\(6,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 406.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.77 Td (Income tax expense from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 391.87 Td (51,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 391.87 Td (32,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 391.87 Td (20,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.77 Td (Income tax benefit from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 376.92 Td (\(5,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 376.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.80 376.92 Td (\(2,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 376.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 376.92 Td (\(808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 376.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 362.77 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 361.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 361.87 Td (45,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 361.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 361.87 Td (29,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 361.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 361.87 Td (20,174) Tj ET Q BT /F1 10.00 Tf ET 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 tax rates dif) Tj ET Q q 0 0 0 rg BT 135.98 333.70 Td (fer from the federal statutory rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.30 333.70 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.63 333.70 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 50.00 321.70 Td (the following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 307.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.80 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 231.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 231.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 231.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 231.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 231.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 231.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 231.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 231.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 231.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 231.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 231.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 201.80 175.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 201.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 201.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 201.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 201.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 201.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 201.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 201.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 201.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 201.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 201.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 201.80 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 161.80 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 161.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 161.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 161.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 161.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 161.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 161.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 161.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 161.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 161.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 161.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 161.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 124.80 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 124.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 124.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 124.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 124.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 124.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 124.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 124.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 124.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 124.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 124.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 124.80 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 225.5 284.79999999999995 m 277.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 284.79999999999995 m 281.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 284.79999999999995 m 333.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 284.79999999999995 m 337.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 284.79999999999995 m 389.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 284.79999999999995 m 393.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 284.79999999999995 m 445.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 284.79999999999995 m 449.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 284.79999999999995 m 501.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 284.79999999999995 m 505.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 284.79999999999995 m 558.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 272.79999999999995 m 277.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 272.79999999999995 m 281.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 272.79999999999995 m 333.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 272.79999999999995 m 389.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 272.79999999999995 m 393.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 272.79999999999995 m 445.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 272.79999999999995 m 501.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 272.79999999999995 m 505.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 272.79999999999995 m 558.5 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 243.79999999999995 m 277.5 243.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 243.79999999999995 m 333.5 243.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 243.79999999999995 m 389.5 243.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 243.79999999999995 m 445.5 243.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 243.79999999999995 m 501.5 243.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 243.79999999999995 m 558.5 243.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 109.79999999999995 m 277.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 109.79999999999995 m 333.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 109.79999999999995 m 389.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 109.79999999999995 m 445.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 109.79999999999995 m 501.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 109.79999999999995 m 558.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 96.79999999999995 m 277.5 96.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 94.79999999999995 m 277.5 94.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 96.79999999999995 m 333.5 96.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 94.79999999999995 m 333.5 94.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 96.79999999999995 m 389.5 96.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 94.79999999999995 m 389.5 94.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 109.79999999999995 m 445.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 96.79999999999995 m 445.5 96.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 94.79999999999995 m 445.5 94.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 96.79999999999995 m 501.5 96.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 94.79999999999995 m 501.5 94.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 109.79999999999995 m 558.5 109.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 96.79999999999995 m 558.5 96.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 94.79999999999995 m 558.5 94.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.60 288.75 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.00 276.75 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 276.75 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.50 276.75 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.85 248.05 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.30 264.05 Td (% of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.00 256.05 Td (pretax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.20 248.05 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.85 248.05 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 264.05 Td (% of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 256.05 Td (pretax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.20 248.05 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.85 248.05 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.80 264.05 Td (% of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 256.05 Td (pretax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.70 248.05 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 235.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.37 Td (Federal income tax at statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 221.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 221.47 Td (48,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 221.47 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 221.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 221.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 221.47 Td (33,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 221.47 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 221.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 221.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 221.47 Td (22,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 221.47 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 221.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 207.37 Td (State income tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 206.47 Td (4,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 206.47 Td (3.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 206.47 Td (1,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 206.47 Td (1.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 206.47 Td (1,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 206.47 Td (2.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 192.37 Td (Tax-exempt interest, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 182.37 Td (disallowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 181.47 Td (\(237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 181.52 Td (\(0.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 181.52 Td (\(277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 181.52 Td (\(0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.30 181.52 Td (\(249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 181.52 Td (\(0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 167.37 Td (Bank-owned life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.80 166.47 Td (\(1,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 166.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 166.52 Td (\(1.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 166.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 166.52 Td (\(2,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 166.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 166.52 Td (\(2.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 166.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 166.52 Td (\(1,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 166.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 166.52 Td (\(1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 166.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 152.37 Td (Equity-based compensation benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.80 151.47 Td (\(3,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 151.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 151.52 Td (\(2.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 151.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 151.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 151.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 151.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 151.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 137.37 Td (Unrecorded basis difference in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 127.42 Td (foreign subsidiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 129.47 Td (2,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 129.47 Td (2.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 129.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 129.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 129.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 129.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 115.37 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 114.47 Td (576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 114.47 Td (0.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 114.47 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 114.47 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 114.52 Td (\(1,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 114.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 114.52 Td (\(2.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 114.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 100.37 Td (Effective income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 100.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 100.37 Td (51,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 100.37 Td 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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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers accounts for income taxes under the liability method of accounting for income taxes. ) Tj ET Q q 0 0 0 rg BT 436.66 742.10 Td (The income tax accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (deductions over revenues. Customers determines deferred income taxes using the liability \(or balance sheet\) method. Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (this method, the net deferred tax asset or liability is based on the tax ef) Tj ET Q q 0 0 0 rg BT 332.24 694.10 Td (fects of the dif) Tj ET Q q 0 0 0 rg BT 390.09 694.10 Td (ferences between the book and tax bases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur) Tj ET Q q 0 0 0 rg BT 507.33 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 658.10 Td ( tax position is recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (sustained upon examination. ) Tj ET Q q 0 0 0 rg BT 166.46 646.10 Td (The term more likely than not means a likelihood of more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.28 646.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.21 646.10 Td (;the terms examined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and upon examination also include resolution of the related appeals or litigation process, if any) Tj ET Q q 0 0 0 rg BT 428.96 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.41 634.10 Td (A) Tj ET Q q 0 0 0 rg BT 440.08 634.10 Td ( tax position that meets the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (more likely than not recognition threshold is initially and subsequently measured as the lar) Tj ET Q q 0 0 0 rg BT 412.24 622.10 Td (gest amount of tax benefit that has a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.97 610.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.89 610.10 Td ( likelihood of being realized upon settlement with a taxing authority that has full knowledge of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (relevant information. ) Tj ET Q q 0 0 0 rg BT 136.73 598.10 Td (The determination of whether or not a tax position has met the more likely than not recognition threshold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (considers the facts, circumstances, and information available at the reporting date and is subject to management) Tj ET Q q 0 0 0 rg BT 499.57 586.10 Td (s judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 562.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 562.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 562.10 Td (, Customers had no ) Tj ET Q q 0 0 0 rg BT 259.69 562.10 Td (ASC 740-10 unrecognized tax benefits. Customers does not expect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (total amount of unrecognized tax benefits to significantly increase within the next twelve months. Customers recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 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 50.00 514.10 Td (Realization of deferred tax assets is dependent upon the generation of future taxable income or the existence of suf) Tj ET Q q 0 0 0 rg BT 508.54 514.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (taxable income within the carry-back period. ) Tj ET Q q 0 0 0 rg BT 231.32 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 237.99 502.10 Td ( valuation allowance is provided when it is more likely than not that some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (portion of the deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 265.02 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.66 490.10 Td (e have not recorded a deferred tax asset on our unrecorded basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 478.10 Td (ference in our foreign subsidiary because we currently do not expect it to reverse in the foreseeable future. In assessing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (need for a valuation allowance, management considers the scheduled reversal of the deferred tax liabilities, the level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (historical taxable income, and the projected future taxable income over the periods in which the temporary dif) Tj ET Q q 0 0 0 rg BT 489.94 454.10 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (comprising the deferred tax assets will be deductible. Based on its assessment, management determined that no valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (allowance is necessary at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.29 430.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.87 430.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.31 430.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.31 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Deferred income taxes reflect temporary dif) Tj ET Q q 0 0 0 rg BT 225.56 406.10 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 50.00 394.10 Td (statement purposes, principally because certain items are recognized in dif) Tj ET Q q 0 0 0 rg BT 347.48 394.10 Td (ferent periods for financial reporting and tax return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 90.37 382.10 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 389.58 382.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.16 382.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.60 382.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 382.10 Td (:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 367.70 Td () Tj ET Q endstream 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assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 690.07 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 689.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 689.17 Td (14,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 689.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 689.17 Td (13,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 675.07 Td (Net unrealized losses on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 674.17 Td (1,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 674.17 Td (3,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 660.07 Td (OREO expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 659.17 Td (1,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 659.17 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 645.07 Td (Non-accrual interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 644.17 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 644.17 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 630.07 Td (Net operating losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 629.17 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 629.17 Td (2,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 615.07 Td (Deferred compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 614.17 Td (1,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 614.17 Td (1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 600.07 Td (Equity-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 599.17 Td (5,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 599.17 Td (5,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 585.07 Td (Fair value adjustments on acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 584.17 Td (428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 570.07 Td (Cash flow hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 569.17 Td (1,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 569.17 Td (1,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 555.07 Td (Incentive compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 554.17 Td (3,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 554.17 Td (2,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 540.07 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 539.17 Td (1,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 539.17 Td (1,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 525.07 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 524.17 Td (33,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 524.17 Td (32,729) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 510.23 Td (Deferr) Tj ET Q q 0 0 0 rg BT 99.13 510.23 Td (ed tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 497.07 Td (Fair value adjustments on acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 496.67 Td (\(1,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 496.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 496.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 482.07 Td (Net deferred loan fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 481.67 Td (\(1,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 481.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 481.22 Td (\(2,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 481.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 467.07 Td (Bank premises and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 466.67 Td (\(713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 466.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 466.22 Td (\(875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 466.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 452.07 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 451.22 Td (\(1,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 451.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 451.22 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 451.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 437.07 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 436.22 Td (\(4,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 436.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 436.22 Td (\(4,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 436.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.07 Td (Net deferred tax asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 421.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 421.17 Td (29,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 421.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 421.17 Td (28,574) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.00 Td (Customers had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 393.00 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.37 393.00 Td ( of federal net operating loss carryovers at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.41 393.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.99 393.00 Td (, that expire in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.25 393.00 Td (2025 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.00 Td (through 2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.61 381.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.00 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 553.39 357.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.00 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 50.00 333.00 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 303.00 Td (NOTE17 ) Tj ET Q q 0 0 0 rg BT 100.66 303.00 Td (TRANSACTIONS ) Tj ET Q q 0 0 0 rg BT 182.44 303.00 Td (WITH EXECUTIVE OFFICERS, DIRECT) Tj ET Q q 0 0 0 rg BT 369.52 303.00 Td (ORS, ) Tj ET Q q 0 0 0 rg BT 394.53 303.00 Td (AND PRINCIP) Tj ET Q q 0 0 0 rg BT 459.61 303.00 Td (AL) Tj ET Q q 0 0 0 rg BT 472.95 303.00 Td ( SHAREHOLDERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.00 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 50.00 273.00 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 273.00 Td (ficers, directors, principal shareholders, their immediate families and af) Tj ET Q q 0 0 0 rg BT 384.50 273.00 Td (filiated companies \(commonly referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.00 Td (related parties\).) Tj ET Q q 0 0 0 rg BT 114.51 261.00 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 50.00 246.60 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 197.10 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 197.10 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 197.10 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 197.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 167.10 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 167.10 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 167.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 167.10 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 167.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 167.10 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 223.10000000000002 m 405.5 223.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 223.10000000000002 m 409.5 223.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 223.10000000000002 m 481.5 223.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 223.10000000000002 m 485.5 223.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 223.10000000000002 m 558.5 223.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 210.10000000000002 m 405.5 210.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 210.10000000000002 m 481.5 210.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 210.10000000000002 m 558.5 210.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 152.10000000000002 m 405.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 152.10000000000002 m 481.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 152.10000000000002 m 558.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 138.10000000000002 m 405.5 138.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 136.10000000000002 m 405.5 136.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 138.10000000000002 m 481.5 138.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 136.10000000000002 m 481.5 136.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 138.10000000000002 m 558.5 138.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 136.10000000000002 m 558.5 136.10000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 227.35 Td (FortheYearsEndedDecember31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 214.35 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.00 214.35 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.50 214.35 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 201.35 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 187.67 Td (Balance January 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 186.77 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 186.77 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 186.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 186.77 Td (7,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 172.67 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 171.77 Td (1,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 171.77 Td (2,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 171.77 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 157.67 Td (Repayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 156.82 Td (\(1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 156.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 156.82 Td (\(2,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 156.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 156.82 Td (\(7,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 156.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 142.67 Td (Balance December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 141.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 141.77 Td (238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 141.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 141.77 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 141.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 141.77 Td (9) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.60 Td (As of December 31, 2016 and 2015, Customers Bank had an outstanding commitment to provide short-term commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.60 Td (estate financing, subject to certain terms and conditions, not to exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.96 101.60 Td ($8.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.86 101.60 Td (, and an available line of credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.74 101.60 Td ($1.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 89.60 Td ( with one of its related parties. ) 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Some current directors, nominees for director and executive of) Tj ET Q q 0 0 0 rg BT 300.56 742.10 Td (ficers of Customers and entities or or) Tj ET Q q 0 0 0 rg BT 448.67 742.10 Td (ganizations in which they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (were executive of) Tj ET Q q 0 0 0 rg BT 120.89 730.10 Td (ficers or the equivalent or owners of more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.10 730.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.43 730.10 Td ( of the equity were customers of and had transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (with or involving Customers in the ordinary course of business during the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.98 718.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.56 718.10 Td (.None of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (transactions involved amounts in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.85 706.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.18 706.10 Td ( of the Customers' gross revenues during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.57 706.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.57 706.10 Td ( nor was Customers indebted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 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 354.91 694.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.24 694.10 Td ( of Customers' total assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.47 694.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 682.10 Td (.) Tj ET Q q 0 0 0 rg BT 74.45 682.10 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 50.00 670.10 Td (the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 646.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 646.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 646.10 Td (, the Bank had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 646.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.94 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.38 646.10 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.27 646.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 475.93 646.10 Td (, in deposits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (related parties, including directors and certain executive of) Tj ET Q q 0 0 0 rg BT 284.72 634.10 Td (ficers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (During 2015 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.27 610.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.27 610.10 Td (, Customers paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.26 610.10 Td ($27,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.76 610.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.20 610.10 Td ($46,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.70 610.10 Td ( to Jaxxon Promotions, Inc., a company in which a Bancorp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (director owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.21 598.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.54 598.10 Td ( interest. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.47 598.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.69 598.10 Td ( payments were made to Jaxxon Promotions, Inc. in 2016.) 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 BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE18 FINANCIAL) Tj ET Q q 0 0 0 rg BT 156.96 742.25 Td ( INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 235.13 742.25 Td (WITH OFF-BALANCE-SHEET) Tj ET Q q 0 0 0 rg BT 374.69 742.25 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers is a party to financial instruments with of) Tj ET Q q 0 0 0 rg BT 259.79 724.25 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 50.00 712.25 Td (needs of its customers. ) Tj ET Q q 0 0 0 rg BT 143.41 712.25 Td (These financial instruments include commitments to extend credit and letters of credit. ) Tj ET Q q 0 0 0 rg BT 492.29 712.25 Td (Those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 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 50.00 688.25 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 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 50.00 652.25 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 50.00 640.25 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 50.00 616.25 Td (The following financial instruments were outstanding whose contract amounts represent credit risk:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 506.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 506.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 592.75 m 493.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 592.75 m 497.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 592.75 m 562.5 592.75 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 497.5 579.75 m 562.5 579.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 597.00 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 584.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 584.00 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 571.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.32 Td (Commitments to fund loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 556.42 Td (244,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 556.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 556.42 Td (537,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.32 Td (Unfunded commitments to fund mortgage warehouse loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 541.42 Td (1,230,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 541.42 Td (1,302,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 527.32 Td (Unfunded commitments under lines of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 526.42 Td (480,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 526.42 Td (436,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.32 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 511.42 Td (40,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 511.42 Td (42,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.32 Td (Other unused commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 496.42 Td (5,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 496.42 Td (6,360) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.25 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 50.00 456.25 Td (in the contract.Because 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 50.00 444.25 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 50.00 432.25 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 498.55 432.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.25 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 50.00 408.25 Td (purchased by Customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 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 50.00 372.25 Td (evaluates each customer) Tj ET Q q 0 0 0 rg BT 147.54 372.25 Td () Tj ET Q q 0 0 0 rg BT 150.32 372.25 Td (s credit worthiness on a case-by-case basis.) Tj ET Q q 0 0 0 rg BT 325.64 372.25 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 50.00 360.25 Td (Customers upon extension of credit, is based on management) Tj ET Q q 0 0 0 rg BT 298.00 360.25 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 50.00 348.25 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 50.00 324.25 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 50.00 312.25 Td (customer to a third party) Tj ET Q q 0 0 0 rg BT 147.66 312.25 Td (.) Tj ET Q q 0 0 0 rg BT 152.48 312.25 Td (The majority of these standby letters of credit expire within the next year) Tj ET Q q 0 0 0 rg BT 444.05 312.25 Td (.) Tj ET Q q 0 0 0 rg BT 448.87 312.25 Td (The credit risk involved in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 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 50.00 288.25 Td (collateral supporting these letters of credit as deemed necessary) Tj ET Q q 0 0 0 rg BT 303.69 288.25 Td (.Management believes that the proceeds obtained through a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.25 Td (liquidation of such collateral would be suf) Tj ET Q q 0 0 0 rg BT 218.67 276.25 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 50.00 264.25 Td (corresponding guarantees.) Tj ET Q q 0 0 0 rg BT 157.28 264.25 Td (The current amount of the liabilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.56 264.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 264.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.58 264.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.58 264.25 Td ( for guarantees under standby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.25 Td (letters of credit issued was not material.) Tj ET Q 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 50.00 742.25 Td (NOTE19 REGULA) Tj ET Q q 0 0 0 rg BT 142.88 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 149.37 742.25 Td (OR) Tj ET Q q 0 0 0 rg BT 164.02 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 170.87 742.25 Td ( MA) Tj ET Q q 0 0 0 rg BT 189.29 742.25 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (The Bank and the Bancorp are subject to various regulatory capital requirements administered by the federal banking agencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (Failure to meet the minimum capital requirements can result in certain mandatory) Tj ET Q q 0 0 0 rg BT 376.19 713.25 Td (, and possibly additional discretionary) Tj ET Q q 0 0 0 rg BT 528.01 713.25 Td (, actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (by regulators that, if undertaken, could have a direct material ef) Tj ET Q q 0 0 0 rg BT 304.16 701.25 Td (fect on Customers' financial statements. Under capital adequacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 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 50.00 677.25 Td (guidelines that involve quantitative measures of their assets, liabilities and certain of) Tj ET Q q 0 0 0 rg BT 387.50 677.25 Td (f-balance sheet items, as calculated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (the regulatory accounting practices. ) Tj ET Q q 0 0 0 rg BT 197.53 665.25 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 50.00 653.25 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 50.00 641.25 Td (holding companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 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 50.00 612.25 Td (amounts and ratios \(set forth in the following table\) of common equity ) Tj ET Q q 0 0 0 rg BT 334.20 612.25 Td (T) Tj ET Q q 0 0 0 rg BT 339.96 612.25 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 362.83 612.25 Td (T) Tj ET Q q 0 0 0 rg BT 368.58 612.25 Td (ier 1, total capital to risk-weighted assets, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 600.25 Td (ier 1 capital to average assets \(as defined in the regulations\). ) Tj ET Q q 0 0 0 rg BT 301.50 600.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 600.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.58 600.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.02 600.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.02 600.25 Td (, the Bank and the Bancorp met ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (all capital adequacy requirements to which they were subject. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 118.88 571.25 Td (Act required the Federal Reserve Bank to establish minimum consolidated capital requirements for bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (holding companies that are as stringent as those required for insured depositary subsidiaries. In 2013, the federal banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (agencies approved rules that implemented the Dodd-Frank requirements and certain other regulatory capital reforms ef) Tj ET Q q 0 0 0 rg BT 525.19 547.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (January 1, 2015, that \(i\) introduced a new capital ratio pursuant to the prompt corrective action provisions, the common equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (tier 1 capital to risk weighted assets ratio, \(ii\) increased the adequately capitalized and well capitalized thresholds for the ) Tj ET Q q 0 0 0 rg BT 534.63 523.25 Td (T) Tj ET Q q 0 0 0 rg BT 540.39 523.25 Td (ier 1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (risk based capital ratios to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 511.25 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.24 511.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.68 511.25 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.01 511.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 255.67 511.25 Td (, \(iii\) changed the treatment of certain capital components for determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 499.25 Td (ier 1 and ) Tj ET Q q 0 0 0 rg BT 93.06 499.25 Td (T) Tj ET Q q 0 0 0 rg BT 98.82 499.25 Td (ier 2 capital, and \(iv\) changed the risk weighting of certain assets and of) Tj ET Q q 0 0 0 rg BT 386.87 499.25 Td (f balance sheet items in determining risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (weighted assets. ) Tj ET Q endstream endobj 315 0 obj <>] /Rotate 0 /Contents 316 0 R>> endobj 316 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 (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 88.77 742.10 Td (, to be considered adequately capitalized, or well capitalized, respectively) Tj ET Q q 0 0 0 rg BT 382.44 742.10 Td (, an institution must at least maintain the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (common equity ) Tj ET Q q 0 0 0 rg BT 114.81 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.57 730.10 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 143.43 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 149.19 730.10 Td (ier 1 and total risk based ratios and the ) Tj ET Q q 0 0 0 rg BT 305.91 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.67 730.10 Td (ier 1 leveraged ratio in excess of the related minimum ratios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (set forth in the following table. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 652.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 652.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 652.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 652.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 652.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 652.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 652.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 652.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 652.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 652.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 652.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 652.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 614.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 614.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 614.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 614.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 614.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 614.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 614.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 614.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 614.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 614.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 614.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 586.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 586.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 586.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 586.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 586.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 586.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 586.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 586.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 586.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 586.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 586.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 558.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 558.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 558.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 558.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 558.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 558.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 558.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 558.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 558.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 558.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 558.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.60 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 530.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 530.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 530.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 530.60 11.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 442.50 442.60 11.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 442.60 55.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 442.60 6.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 442.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 404.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 404.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 404.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 404.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 404.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 404.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 404.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 404.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 404.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 404.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 404.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 376.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 376.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 376.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 376.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 376.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 376.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 376.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 376.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 376.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 376.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 376.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 376.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 348.60 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 348.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 348.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 348.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 348.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 348.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 348.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 348.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 348.60 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 348.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 348.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 348.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.60 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 319.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 319.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 319.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 319.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 319.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 319.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 319.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 319.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 319.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 319.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 319.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.60 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 290.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 290.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 290.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 290.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 290.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 290.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 290.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 290.60 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 290.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 290.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 290.60 45.00 -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 219.5 665.6 m 274.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 665.6 m 280.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 665.6 m 325.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 665.6 m 391.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 665.6 m 397.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 665.6 m 442.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 665.6 m 453.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 665.6 m 508.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 665.6 m 514.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 665.6 m 559.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 652.6 m 274.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 652.6 m 325.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 652.6 m 391.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 652.6 m 442.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 652.6 m 508.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 652.6 m 559.5 652.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 669.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 669.85 Td (Actual) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.85 693.85 Td (For Capital ) Tj ET Q q 0 0 0 rg BT 391.63 693.85 Td (Adequacy) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.55 685.85 Td (Purposes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.20 677.85 Td (\(Minimum Plus Capital ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 669.85 Td (Buf) Tj ET Q q 0 0 0 rg BT 389.16 669.85 Td (fer\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.75 693.85 Td (T) Tj ET Q q 0 0 0 rg BT 473.08 693.85 Td (oBe) Tj ET Q q 0 0 0 rg BT 489.82 693.85 Td (W) Tj ET Q q 0 0 0 rg BT 496.73 693.85 Td (ellCapitalized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 685.85 Td (Under) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 677.85 Td (PromptCorrective ) Tj ET Q q 0 0 0 rg BT 525.53 677.85 Td (Action) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.10 669.85 Td (Provisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 656.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.35 656.85 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.80 656.85 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.35 656.85 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 656.85 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.35 656.85 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.80 656.85 Td (Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 643.33 Td (December 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 629.33 Td (Common equity Tier 1 \(to risk-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 619.33 Td (weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 605.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 605.17 Td (628,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 605.17 Td (8.487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 605.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 605.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 605.17 Td (379,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 605.17 Td (5.125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 605.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 605.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 605.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 591.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 591.17 Td (857,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 591.17 Td (11.626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 591.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 591.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 591.17 Td (377,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 591.17 Td (5.125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 591.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 591.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 591.17 Td (479,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 591.17 Td (6.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 591.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 577.33 Td (Tier 1 capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 563.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 563.17 Td (844,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 563.17 Td (11.414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 563.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 563.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 563.17 Td (490,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 563.17 Td (6.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 563.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 563.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 563.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 549.17 Td (857,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 549.17 Td (11.626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 549.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 549.17 Td (488,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 549.17 Td (6.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 549.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 549.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 549.17 Td (590,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 549.17 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 549.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 535.33 Td (Total capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 520.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 520.27 Td (966,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 520.27 Td (13.053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 520.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 520.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 520.27 Td (638,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 520.27 Td (8.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 520.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 520.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 520.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.60 505.27 Td (1,003,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 505.27 Td (13.608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 505.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 505.27 Td (636,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 505.27 Td (8.625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 505.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 505.27 Td (737,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.10 505.27 Td (10.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 505.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 491.33 Td (Tier 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 477.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 476.27 Td (844,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 476.27 Td (9.067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 476.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 476.27 Td (372,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 476.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 476.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 476.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 476.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 461.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 461.27 Td (857,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 461.27 Td (9.233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 461.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 461.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 461.27 Td (371,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 461.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 461.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 461.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 461.27 Td (464,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 461.27 Td (5.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 461.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 447.33 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 433.33 Td (Common equity Tier 1 \(to risk-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 423.33 Td (weighted assets\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 409.33 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 409.17 Td (500,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 409.17 Td (7.610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 409.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 409.17 Td (296,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 409.17 Td (4.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 409.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 409.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 409.17 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 395.33 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 395.17 Td (565,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 395.17 Td (8.620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 395.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 395.17 Td (294,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 395.17 Td (4.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 395.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 395.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 395.17 Td (425,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 395.17 Td (6.500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 395.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 381.33 Td (Tier 1 capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 367.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 367.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 367.17 Td (556,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 367.17 Td (8.460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 367.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 367.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 367.17 Td (394,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 367.17 Td (6.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 367.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 367.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 367.17 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 353.17 Td (565,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 353.17 Td (8.620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 353.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 353.17 Td (393,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 353.17 Td (6.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 353.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 353.17 Td (524,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 353.17 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 353.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 339.33 Td (Total capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 324.27 Td (698,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 324.27 Td (10.620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 324.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 324.27 Td (526,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 324.27 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 324.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 324.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 324.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 309.27 Td (710,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 309.27 Td (10.850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 309.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 309.27 Td (524,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 309.27 Td (8.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 309.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 309.27 Td (655,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.10 309.27 Td (10.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 309.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 295.33 Td (Tier 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.17 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 280.27 Td (556,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 280.27 Td (7.160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 280.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 280.27 Td (310,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 280.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 280.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 280.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 280.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.17 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 265.27 Td (565,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 265.27 Td (7.300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 265.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 265.27 Td (309,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 265.27 Td (4.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 265.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 265.27 Td (387,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.10 265.27 Td (5.000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.65 265.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (The new risk-based capital rules adopted ef) Tj ET Q q 0 0 0 rg BT 223.64 232.10 Td (fective January 1, 2015 required that banks and holding companies maintain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td ("capital conservation buf) Tj ET Q q 0 0 0 rg BT 149.98 220.10 Td (fer" of 250 basis points in excess of the "minimum capital ratio." ) Tj ET Q q 0 0 0 rg BT 411.71 220.10 Td (The minimum capital ratio is equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (to the prompt corrective action adequately capitalized threshold ratio. ) Tj ET Q q 0 0 0 rg BT 330.26 208.10 Td (The capital conservation buf) Tj ET Q q 0 0 0 rg BT 444.20 208.10 Td (fer will be phased in over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (four years beginning on January 1, 2016, with a maximum buf) Tj ET Q q 0 0 0 rg BT 299.77 196.10 Td (fer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.20 196.10 Td (0.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.03 196.10 Td ( of risk weighted assets for 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 196.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.83 196.10 Td ( for 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (1.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 184.10 Td ( for 2018, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.43 184.10 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.26 184.10 Td ( for 2019 and thereafter) Tj ET Q q 0 0 0 rg BT 254.11 184.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 155.10 Td (fective January 1, 2016, the capital level required to avoid limitation on elective distributions applicable to the Bancorp and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (the Bank were as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 131.10 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 169.69 131.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.44 131.10 Td (ier 1 risk-based capital ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.39 131.10 Td (5.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.22 131.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 119.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 107.47 119.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.23 119.10 Td (ier 1 risk-based capital ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.18 119.10 Td (6.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.01 119.10 Td (; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 107.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 110.25 107.10 Td (T) Tj ET Q q 0 0 0 rg BT 115.66 107.10 Td (otal risk-based capital ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.56 107.10 Td (8.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.39 107.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (Failure to maintain the required capital conservation buf) Tj ET Q q 0 0 0 rg BT 275.02 90.10 Td (fer will result in limitations on capital distributions and on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (discretionary bonuses to executive of) Tj ET Q q 0 0 0 rg BT 198.66 78.10 Td (ficers. ) Tj ET Q endstream endobj 317 0 obj <>] /Rotate 0 /Contents 318 0 R>> endobj 318 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 (157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE20 DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 173.37 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 208.75 742.25 Td ( F) Tj ET Q q 0 0 0 rg BT 216.62 742.25 Td (AIR ) Tj ET Q q 0 0 0 rg BT 237.27 742.25 Td (V) Tj ET Q q 0 0 0 rg BT 243.20 742.25 Td (ALUE OF) Tj ET Q q 0 0 0 rg BT 287.00 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 345.62 742.25 Td ( INSTRUMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (value of its financial instruments.F) Tj ET Q q 0 0 0 rg BT 190.90 712.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 212.30 712.25 Td (Accounting Standards Codification \("ASC"\) ) Tj ET Q q 0 0 0 rg BT 392.48 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 397.89 712.25 Td (opic 825,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 435.11 712.25 Td (Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.21 712.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (requires disclosure of the estimated fair value of an entity) Tj ET Q q 0 0 0 rg BT 282.97 700.25 Td (s assets and liabilities considered to be financial instruments. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Customers, as for most financial institutions, the majority of its assets and liabilities are considered to be financial instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 676.25 Td (, many of these instruments lack an available trading market as characterized by a willing buyer and willing seller ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (engaging in an exchange transaction. For fair value disclosure purposes, Customers utilized certain fair value measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (criteria under the F) Tj ET Q q 0 0 0 rg BT 125.62 652.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 147.02 652.25 Td (ASC 820, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 188.97 652.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 214.25 652.25 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 264.15 652.25 Td (ements and Disclosur) Tj ET Q q 0 0 0 rg BT 350.43 652.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.76 652.25 Td (, as explained below) Tj ET Q q 0 0 0 rg BT 439.76 652.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (In accordance with ) Tj ET Q q 0 0 0 rg BT 128.02 628.25 Td (ASC 820, the fair value of a financial instrument is the price that would be received to sell an asset or paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (to transfer a liability in an orderly transaction between market participants at the measurement date.Fair value is best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (determined based upon quoted market prices.However) Tj ET Q q 0 0 0 rg BT 270.36 604.25 Td (, in many instances, there are no quoted market prices for Customers) Tj ET Q q 0 0 0 rg BT 547.58 604.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (various financial instruments.In cases where quoted market prices are not available, fair values are based on estimates using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (present value or other valuation techniques.) Tj ET Q q 0 0 0 rg BT 226.70 580.25 Td (Those techniques are significantly af) Tj ET Q q 0 0 0 rg BT 373.69 580.25 Td (fected by the assumptions used, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (discount rate and estimates of future cash flows.) Tj ET Q q 0 0 0 rg BT 244.67 568.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 294.00 568.25 Td (, the fair value estimates may not be realized in an immediate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (settlement of the instrument.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (The fair value guidance provides a consistent definition of fair value, focusing on an exit price in an orderly transaction \(that is, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (not a forced liquidation or distressed sale\) between market participants at the measurement date under current market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (conditions.If there has been a significant decrease in the volume and level of activity for the asset or liability) Tj ET Q q 0 0 0 rg BT 485.87 508.25 Td (, a change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (valuation technique or the use of multiple valuation techniques may be appropriate.In such instances, determining the price at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (which willing market participants would transact at the measurement date under current market conditions depends on the facts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (and circumstances and requires the use of significant judgment.) Tj ET Q q 0 0 0 rg BT 306.41 472.25 Td (The fair value is a reasonable point within the range that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (most representative of fair value under current market conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (The fair value guidance also establishes a fair value hierarchy and describes the following three levels used to classify fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (value measurements:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 409.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 389.92 Td (Level1:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 389.92 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 160.00 379.92 Td (identical, unrestricted assets or liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 355.92 Td (Level2:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 355.92 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 160.00 345.92 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 120.95 321.92 Td (Level3:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 321.92 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 160.00 311.92 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 50.00 283.85 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 283.85 Td ( financial instrument) Tj ET Q q 0 0 0 rg BT 142.20 283.85 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 50.00 271.85 Td (value measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.85 Td (The following methods and assumptions were used to estimate the fair values of Customers) Tj ET Q q 0 0 0 rg BT 418.90 247.85 Td ( financial instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.85 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 235.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 235.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 235.85 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.85 Td (Cash and cash equivalents:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.85 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 481.04 196.85 Td ( fair values. ) Tj ET Q q 0 0 0 rg BT 530.29 196.85 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.85 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 endstream endobj 319 0 obj <>] /Rotate 0 /Contents 320 0 R>> endobj 320 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 (158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Investment securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The fair values of investment securities available for sale are determined by obtaining quoted market prices on nationally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (recognized and foreign securities exchanges \(Level 1\), matrix pricing \(Level 2\), which is a mathematical technique used widely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (by relying on the securities) Tj ET Q q 0 0 0 rg BT 160.89 688.25 Td ( relationship to other benchmark quoted prices, or externally developed models that use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (unobservable inputs due to limited or no market activity of the instrument \(Level 3\). ) Tj ET Q q 0 0 0 rg BT 389.46 676.25 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 50.00 664.25 Td (3 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (The carrying amount of FHLB, Federal Reserve Bank, and other restricted stock approximates fair value, and considers the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (limited marketability of such securities. ) Tj ET Q q 0 0 0 rg BT 210.89 628.25 Td (These assets are classified as Level 2 fair values, based upon the lowest level of input ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 595.25 Td ( sale - Residential mortgage loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 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 50.00 565.25 Td (investors within the secondary market for loans with similar characteristics. ) Tj ET Q q 0 0 0 rg BT 355.01 565.25 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 50.00 553.25 Td (based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 532.25 Td ( sale - Mortgage war) Tj ET Q q 0 0 0 rg BT 199.61 532.25 Td (ehouse loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (The fair value of mortgage warehouse loans is the amount of cash initially advanced to fund the mortgage, plus accrued interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (and fees, as specified in the respective agreements. ) Tj ET Q q 0 0 0 rg BT 255.84 502.25 Td (The loan is used by mortgage companies as short-term bridge financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (between the funding of mortgage loans and the finalization of the sale of the loans to an investor) Tj ET Q q 0 0 0 rg BT 435.17 490.25 Td (. Changes in fair value are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (expected to be recognized since at inception of the transaction the underlying loans have already been sold to an approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (investor) Tj ET Q q 0 0 0 rg BT 81.67 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 86.11 466.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 136.02 466.25 Td (, the interest rate is variable, and the transaction is short-term, with an average life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.83 466.25 Td (22 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.66 466.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (purchase to sale. ) Tj ET Q q 0 0 0 rg BT 118.68 454.25 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 50.00 442.25 Td (fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 421.25 Td ( sale - Multi-family loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (The fair values of multi-family loans held for sale are estimated using pricing indications from letters of intent with third party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (investors, recent sale transactions within the secondary markets for loans with similar characteristics, non-binding indicative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (bids from brokers, or estimates made by management considering current market rates and terms. ) Tj ET Q q 0 0 0 rg BT 444.97 376.25 Td (These assets are included as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (Loans r) Tj ET Q q 0 0 0 rg BT 82.88 343.25 Td (eceivable, net of allowance for) Tj ET Q q 0 0 0 rg BT 210.72 343.25 Td ( loan losses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (The fair values of loans held for investment are estimated using discounted cash flows, using market rates at the balance sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (date that reflect the credit and interest rate-risk inherent in the loans.Projected future cash flows are calculated based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (contractual maturity or call dates, projected repayments and prepayments of principal. Generally) Tj ET Q q 0 0 0 rg BT 435.59 301.25 Td (, for variable rate loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (reprice frequently and with no significant change in credit risk, fair values are based on carrying values. ) Tj ET Q q 0 0 0 rg BT 467.71 289.25 Td (These assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (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 50.00 256.25 Td (Impair) Tj ET Q q 0 0 0 rg BT 79.82 256.25 Td (ed loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Impaired loans are those that are accounted for under ) Tj ET Q q 0 0 0 rg BT 264.63 238.25 Td (ASC 310, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.58 238.25 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.33 238.25 Td (, in which the Bank has measured impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (generally based on the fair value of the loan) Tj ET Q q 0 0 0 rg BT 228.26 226.25 Td (s collateral or discounted cash flow analysis.Fair value is generally determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (based upon independent third-party appraisals of the properties that collateralize the loans, or discounted cash flows based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (the expected proceeds.) Tj ET Q q 0 0 0 rg BT 143.11 202.25 Td (These assets are included as Level 3 fair values, based upon the lowest level of input that is significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 166.25 Td ( r) Tj ET Q q 0 0 0 rg BT 82.12 166.25 Td (eal estate owned:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (The fair value of other real estate owned \("OREO"\) is determined using appraisals, which may be discounted based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 136.25 Td (s review and changes in market conditions or sales agreements with third parties.) Tj ET Q q 0 0 0 rg BT 429.89 136.25 Td (All appraisals must be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (performed in accordance with the Uniform Standards of Professional ) Tj ET Q q 0 0 0 rg BT 327.97 124.25 Td (Appraisal Practice.) Tj ET Q q 0 0 0 rg BT 406.00 124.25 Td (Appraisals are certified to the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (and performed by appraisers on the Bank) Tj ET Q q 0 0 0 rg BT 217.72 112.25 Td (s approved list of appraisers. Evaluations are completed by a person independent of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (management.) Tj ET Q q 0 0 0 rg BT 105.91 100.25 Td (The content of the appraisal depends on the complexity of the property) Tj ET Q q 0 0 0 rg BT 388.78 100.25 Td (.) Tj ET Q q 0 0 0 rg BT 393.23 100.25 Td (Appraisals are completed on a retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (value and an as is value. ) Tj ET Q q 0 0 0 rg BT 162.82 88.25 Td (These assets are included as Level 3 fair values, based upon the lowest level of input that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (significant to the fair value measurements.) Tj ET Q endstream endobj 321 0 obj <>] /Rotate 0 /Contents 322 0 R>> endobj 322 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 (159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Deposit liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The fair values disclosed for interest and non-interest checking, passbook savings and money market deposit accounts are, by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 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 457.74 712.25 Td (These liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (classified as Level 1 fair values, based upon the lowest level of input that is significant to the fair value measurements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (currently being of) Tj ET Q q 0 0 0 rg BT 121.46 670.25 Td (fered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (These liabilities are 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 50.00 646.25 Td (measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (Federal funds pur) Tj ET Q q 0 0 0 rg BT 127.05 625.25 Td (chased:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (For these short-term instruments, the carrying amount is considered a reasonable estimate of fair value. ) Tj ET Q q 0 0 0 rg BT 464.97 607.25 Td (These liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (classified as Level 1 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 70.37 574.25 Td (owings:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Borrowings consist of long-term and short-term FHLB advances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.56 556.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.56 556.25 Td (-year senior unsecured notes, and subordinated debt.For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (short-term borrowings, the carrying amount is considered a reasonable estimate of fair value and is classified as a Level 1 fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (values measurement. Fair values of long-term FHLB advances are estimated using discounted cash flow analysis, based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (quoted prices for new FHLB advances with similar credit risk characteristics, terms and remaining maturity) Tj ET Q q 0 0 0 rg BT 480.05 520.25 Td (. ) Tj ET Q q 0 0 0 rg BT 484.87 520.25 Td (The prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (assumed by a third party) Tj ET Q q 0 0 0 rg BT 147.66 496.25 Td (. Fair values of privately placed subordinated and senior unsecured debt are estimated by a third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (financial adviser using discounted cash flow analysis, based on market rates currently of) Tj ET Q q 0 0 0 rg BT 403.32 484.25 Td (fered on such debt with similar credit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (risk characteristics, terms and remaining maturity) Tj ET Q q 0 0 0 rg BT 247.62 472.25 Td (. ) Tj ET Q q 0 0 0 rg BT 252.44 472.25 Td (These liabilities are included as Level 2 fair values, based upon the lowest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (level of input that is significant to the fair value measurements. ) Tj ET Q q 0 0 0 rg BT 304.75 460.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.79 460.25 Td ($63 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.18 460.25 Td ( senior unsecured notes issued during third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (quarter 2013 are traded on the New ) Tj ET Q q 0 0 0 rg BT 193.74 448.25 Td (Y) Tj ET Q q 0 0 0 rg BT 199.96 448.25 Td (ork Stock Exchange, and their price can be obtained daily) Tj ET Q q 0 0 0 rg BT 430.33 448.25 Td (. ) Tj ET Q q 0 0 0 rg BT 435.15 448.25 Td (This fair value measurement is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (classified as Level 1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Derivatives \(Assets and Liabilities\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (The fair values of interest rate swaps and credit derivatives are determined using models that incorporate readily observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (market data into a market standard methodology) Tj ET Q q 0 0 0 rg BT 243.18 376.25 Td (. ) Tj ET Q q 0 0 0 rg BT 248.00 376.25 Td (This methodology nets the discounted future fixed cash receipts and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (discounted expected variable cash payments. ) Tj ET Q q 0 0 0 rg BT 231.97 364.25 Td (The discounted variable cash payments are based on expectations of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (interest rates derived from observable market interest rate curves. In addition, fair value is adjusted for the ef) Tj ET Q q 0 0 0 rg BT 484.93 352.25 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (nonperformance risk by incorporating credit valuation adjustments for the Bank and its counterparties. ) Tj ET Q q 0 0 0 rg BT 462.48 340.25 Td (These assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (liabilities are included as Level 2 fair values, based upon the lowest level of input that is significant to the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (The fair values of the residential mortgage loan commitments are derived from the estimated fair values that can be generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (when the underlying mortgage loan is sold in the secondary market. ) Tj ET Q q 0 0 0 rg BT 323.64 280.25 Td (The Bank generally uses commitments on hand from third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (party 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 554.58 268.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (internal experience \(i.e., pull-through rate\). ) Tj ET Q q 0 0 0 rg BT 225.02 256.25 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 50.00 244.25 Td (lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Derivative assets and liabilities are presented in "Other assets" and "Accrued interest payable and other liabilities" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (consolidated balance sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (Assets and Liabilities held for) Tj ET Q q 0 0 0 rg BT 176.50 175.25 Td ( sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (Assets and liabilities held for sale are recorded at the lower of cost basis or market value. ) Tj ET Q q 0 0 0 rg BT 410.71 151.25 Td (Assets classified as held for sale at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 139.25 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.01 139.25 Td ($79.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.90 139.25 Td (. Included in assets held for sale were financial instruments including restricted cash of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 127.25 Td ( \(Level 1\) and loans receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.27 127.25 Td ($12.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.16 127.25 Td ( \(Level 3\). ) Tj ET Q q 0 0 0 rg BT 333.91 127.25 Td (The remaining assets designated as held for sale consist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (of goodwill, intangibles and other assets not designated as financial instruments. Liabilities classified as held for sale consisted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (primarily of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 103.25 Td ($457.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.43 103.25 Td ( of transaction deposit accounts \(Level 1\). ) Tj ET Q q 0 0 0 rg BT 332.25 103.25 Td (The remaining liabilities classified as held for sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (consist of accrued liabilities not considered financial instruments under ) Tj ET Q q 0 0 0 rg BT 336.87 91.25 Td (ASC 825 - Financial Instruments. ) Tj ET Q endstream endobj 323 0 obj <>] /Rotate 0 /Contents 324 0 R>> endobj 324 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 (160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Off-balance-sheet financial instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The fair values of unused commitments to lend and standby letters of credit are considered to be the same as their contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (The following information should not be interpreted as an estimate of Customers' fair value in its entirety because fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (calculations are only provided for a limited portion of Customers) Tj ET Q q 0 0 0 rg BT 312.80 676.25 Td ( assets and liabilities. Due to a wide range of valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (techniques and the degree of subjectivity used in making these estimates, comparisons between Customers) Tj ET Q q 0 0 0 rg BT 479.15 664.25 Td ( disclosures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (those of other companies may not be meaningful.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (The estimated fair values of Customers) Tj ET Q q 0 0 0 rg BT 209.49 616.25 Td ( financial instruments were as follows at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.61 616.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.19 616.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.63 616.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.63 616.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.75 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 518.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 518.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 518.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 518.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 518.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 518.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 489.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 489.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 489.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 489.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 489.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.75 200.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 459.75 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 459.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 459.75 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 459.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 459.75 61.00 -24.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 497.50 411.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.75 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 382.75 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 382.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 382.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 382.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 382.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 382.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.75 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 353.75 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 353.75 53.00 -15.00 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 250.50 559.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 559.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 559.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 559.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 559.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.50 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 530.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 530.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 530.50 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 530.50 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 530.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 530.50 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.50 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 502.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 502.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 502.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 502.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 502.50 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 502.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 502.50 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 502.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 502.50 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.50 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 474.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 474.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 474.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 474.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 474.50 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 474.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 474.50 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 474.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 474.50 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.50 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 446.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 446.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 446.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 446.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 446.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 446.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 446.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 446.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 446.50 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 367.5 736.5 m 428.5 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 736.5 m 432.5 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 736.5 m 493.5 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 736.5 m 497.5 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 736.5 m 561.5 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 675.5 m 303.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 675.5 m 363.5 675.5 l s 0 0 0 RG /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 /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 687.75 Td (Carrying) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.35 679.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 687.75 Td (Estimated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 679.75 Td (Fair ) Tj ET Q q 0 0 0 rg BT 333.24 679.75 Td (V) Tj ET Q q 0 0 0 rg BT 338.13 679.75 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.85 740.45 Td (FairValueMeasurementsatDecember 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.70 727.75 Td (Quoted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.60 719.75 Td (Prices in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.80 711.75 Td (Active) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.70 703.75 Td (Marketsfor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 695.75 Td (Identical) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.05 687.75 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.70 679.75 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.90 711.75 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.35 703.75 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.25 695.75 Td (Observable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 687.75 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.70 679.75 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.40 703.75 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.75 695.75 Td (Unobservable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.00 687.75 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.20 679.75 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 ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 641.07 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 641.07 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 641.07 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 641.07 Td ($) 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 (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 627.07 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 627.07 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 627.07 Td (541,041) 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 (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 613.07 Td (1,797,458) 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 (1,757,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 613.07 Td (39,651) 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 (5,417,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 589.17 Td (5,353,326) 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 (5,353,326) 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 (90,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 564.17 Td (90,841) 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 (90,841) 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 (9,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 549.17 Td (9,295) 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 (9,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 549.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.07 Td (Assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 535.07 Td (584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 535.07 Td (584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 535.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 535.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 535.07 Td (584) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 521.23 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 507.07 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 507.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 507.07 Td (5,662,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 507.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 507.07 Td (5,664,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 507.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 507.07 Td (3,314,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 507.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 507.07 Td (2,349,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 507.07 Td ($) 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 (Deposits held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 493.07 Td (247,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 493.07 Td (247,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 493.07 Td (247,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 493.07 Td () 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 (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 479.07 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 479.07 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 479.07 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 479.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 479.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.07 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 465.07 Td (1,625,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 465.07 Td (1,625,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 465.07 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 465.07 Td (260,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 465.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.07 Td (Other borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 451.07 Td (86,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 451.07 Td (93,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 451.07 Td (68,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 451.07 Td (24,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 451.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.07 Td (Subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 436.17 Td (108,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 436.17 Td (110,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 436.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 436.17 Td (110,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 436.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.07 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 421.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 421.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 421.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 421.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 421.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.00 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 50.00 381.00 Td (level within the fair value hierarchy used at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.04 381.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.62 381.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.06 381.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.06 381.00 Td ( were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 294.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 294.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 294.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 294.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 294.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 294.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 294.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 294.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 268.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 268.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 268.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 268.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 268.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 268.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 268.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 268.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 234.50 252.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 234.50 72.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 234.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 234.50 66.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 234.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 234.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 234.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 234.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.50 252.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 199.50 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 199.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 199.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 199.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 199.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 199.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 199.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 172.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 172.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 172.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 172.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 172.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 172.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 172.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 172.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 146.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 146.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 146.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 146.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 146.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 146.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 146.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 146.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 120.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 120.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 120.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 120.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 120.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 120.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 120.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 94.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 94.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 94.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 94.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 94.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 94.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 94.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 94.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 68.50 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 68.50 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 68.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 68.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 68.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 68.50 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 68.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 68.50 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 357.5 m 374.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 357.5 m 378.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 357.5 m 444.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 357.5 m 448.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 357.5 m 503.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 357.5 m 507.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 357.5 m 562.5 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 307.5 m 374.5 307.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 307.5 m 444.5 307.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 307.5 m 503.5 307.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 307.5 m 562.5 307.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 159.5 m 444.5 159.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 159.5 m 562.5 159.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 159.5 m 374.5 159.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 147.5 m 374.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 145.5 m 374.5 145.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 147.5 m 444.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 145.5 m 444.5 145.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 159.5 m 503.5 159.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 147.5 m 503.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 145.5 m 503.5 145.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 147.5 m 562.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 145.5 m 562.5 145.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 145.5 m 503.5 145.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 147.5 m 503.5 147.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 121.5 m 374.5 121.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 119.5 m 374.5 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 121.5 m 444.5 121.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 119.5 m 444.5 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 121.5 m 503.5 121.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 119.5 m 503.5 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 121.5 m 562.5 121.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 119.5 m 562.5 119.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 68.5 m 374.5 68.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 56.5 m 374.5 56.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 54.5 m 374.5 54.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 68.5 m 444.5 68.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 56.5 m 444.5 56.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 54.5 m 444.5 54.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 68.5 m 503.5 68.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 56.5 m 503.5 56.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 54.5 m 503.5 54.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 68.5 m 562.5 68.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 56.5 m 562.5 56.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 54.5 m 562.5 54.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.55 361.75 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.75 348.75 Td (Fair Value Measurements at the End of the Reporting Period Using) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 335.75 Td (Quoted Prices in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.55 327.75 Td (ActiveMarkets for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.75 319.75 Td (Identical Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.20 311.75 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 327.75 Td (Significant Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.75 319.75 Td (Observable Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.20 311.75 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.90 335.75 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.25 327.75 Td (Unobservable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 319.75 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.70 311.75 Td (\(Level3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 311.75 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 298.75 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 285.23 Td (Measured at Fair Value on a Recurring Basis:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 272.23 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 259.07 Td (Available-for-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 246.07 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 236.12 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 239.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 239.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 239.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 239.17 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 239.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 239.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 239.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 239.17 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 225.07 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 215.12 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 218.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 218.17 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 218.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 218.17 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 204.07 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 204.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 204.07 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 204.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 204.07 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 190.07 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 190.07 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 190.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 190.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 190.07 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 176.07 Td (Derivatives \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 176.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 176.07 Td (10,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 176.07 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 176.07 Td (10,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 163.07 Td (Loans held for sale fair value option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 163.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 163.07 Td (2,117,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 163.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 163.07 Td (2,117,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 150.07 Td (Total assets - recurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 150.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 150.07 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 150.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 150.07 Td (2,606,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 150.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 150.07 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 150.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 150.07 Td (2,621,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 137.23 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 124.07 Td (Derivatives \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 124.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 124.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 124.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 124.07 Td (14,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 124.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 124.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 124.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 124.07 Td (14,172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 111.23 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 98.23 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 85.07 Td (Impaired loans, net of specific reserves of $1,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 85.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 85.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 85.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 85.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 85.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 85.07 Td (6,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 85.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 85.07 Td (6,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 72.07 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 72.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 72.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 72.07 Td (2,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 72.07 Td (2,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 59.07 Td (Total assets - nonrecurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 59.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 59.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 59.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 59.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 59.07 Td ($) Tj ET Q BT /F1 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BT 526.15 579.27 Td (202,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 565.17 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 565.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 565.17 Td (40,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 565.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 565.17 Td (40,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 552.17 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 552.17 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 552.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 552.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 552.17 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 539.17 Td (Derivatives \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 539.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 539.17 Td (9,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 539.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 539.17 Td (9,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 526.17 Td (Loans held for sale fair value option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 526.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 526.17 Td (1,757,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 526.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 526.17 Td (1,757,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 513.17 Td (Total assets - recurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 513.17 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 513.17 Td (2,308,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 513.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 513.17 Td (2,327,355) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 500.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 487.17 Td (Derivatives \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 487.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 487.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 487.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 487.17 Td (13,932) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 474.33 Td (Measured at Fair Value on a Nonrecurring Basis:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 461.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 448.17 Td (Impaired loans, net of specific reserves of $2,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 448.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 448.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 448.17 Td (4,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 448.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 448.17 Td (4,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 435.17 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 435.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 435.17 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 435.17 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 422.17 Td (Total assets - nonrecurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 422.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 422.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 422.17 Td (4,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 422.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 422.17 Td (4,704) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 407.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 407.10 Td (Included in Other ) Tj ET Q q 0 0 0 rg BT 152.93 407.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 395.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 395.10 Td (Included in Other Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (The changes inLevel 3 assets and liabilities measured at fair value on a recurring basis at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 371.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.73 371.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.17 371.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.17 371.10 Td ( were as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 276.60 353.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.25 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.25 276.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.25 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.25 276.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 246.60 353.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.25 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.25 246.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.25 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.25 246.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 321.6 m 482.25 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 321.6 m 486.25 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 321.6 m 561.25 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 306.6 m 482.25 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 306.6 m 486.25 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 306.6 m 561.25 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 291.6 m 482.25 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 291.6 m 486.25 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 291.6 m 561.25 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 231.60000000000002 m 482.25 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 217.60000000000002 m 482.25 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 215.60000000000002 m 482.25 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 231.60000000000002 m 486.25 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 217.60000000000002 m 486.25 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 215.60000000000002 m 486.25 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 231.60000000000002 m 561.25 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 217.60000000000002 m 561.25 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 215.60000000000002 m 561.25 215.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.85 325.85 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.25 310.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.25 310.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 295.85 Td (Residential MortgageLoan Commitments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.75 281.06 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 266.27 Td (Balance at January 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.75 266.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.40 266.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.75 266.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.40 266.27 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 251.27 Td (Issuances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.40 251.27 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 251.27 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 236.27 Td (Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.05 236.32 Td (\(400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.40 236.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.05 236.32 Td (\(271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.40 236.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 221.27 Td (Balance at December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.75 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.40 221.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.75 221.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.40 221.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 188.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.30 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 518.95 176.30 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.30 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 276.30 164.30 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.38 164.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.88 164.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.88 164.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.32 164.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.32 164.30 Td (.) Tj ET Q endstream endobj 329 0 obj <>] /Rotate 0 /Contents 330 0 R>> endobj 330 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 (163) 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, 2016) 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 (2015) 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 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 642.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 642.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 642.60 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 642.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 612.60 105.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 612.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 612.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 612.60 104.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 612.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 612.60 107.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 612.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 612.60 104.00 -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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 685.6 m 235.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 685.6 m 343.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 685.6 m 454.5 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 685.6 m 562.5 685.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 710.85 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, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.50 697.85 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.00 689.85 Td (Estimate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.10 689.85 Td (ValuationTechnique) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.80 689.85 Td (Unobservable Input) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.20 697.85 Td (Range\(Weighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 689.85 Td (Average\) \(4\)) 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 (1,431) 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 (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 647.27 Td (5,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 647.27 Td (Discounted cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 647.27 Td (Projected cash flows \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 647.27 Td (4 times EBIDTA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.60 632.27 Td (Discount rate \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 632.27 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 632.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.17 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 617.27 Td (2,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 617.27 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 617.27 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 617.27 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 617.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.17 Td (Residential mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.17 Td (loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 592.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 592.27 Td (Adjusted market bid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.45 592.27 Td (Pull-through rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 592.27 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 592.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 573.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.20 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 516.20 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 516.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 516.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 516.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 516.20 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 516.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 516.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.20 105.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 486.20 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 486.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 486.20 104.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 486.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 486.20 107.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 486.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 486.20 104.00 -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 155.5 550.2 m 235.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 550.2 m 239.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 550.2 m 343.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 550.2 m 347.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 550.2 m 454.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 550.2 m 458.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 550.2 m 562.5 550.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 529.2 m 235.5 529.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 529.2 m 343.5 529.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 529.2 m 454.5 529.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 529.2 m 562.5 529.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 554.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 554.45 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 53 532.180078125 m 117.5 532.180078125 l s q 0 0 0 rg BT 53.00 533.43 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.50 541.45 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.00 533.45 Td (Estimate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.10 533.45 Td (Valuation Technique) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.80 533.45 Td (Unobservable Input) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.20 541.45 Td (Range\(Weighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 533.45 Td (Average\)\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 520.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.77 Td (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 505.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 505.87 Td (4,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 505.87 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 505.87 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 505.87 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 505.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.77 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.65 490.87 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 490.87 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 490.87 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 490.87 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 490.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.77 Td (Residential mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.77 Td (loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 465.87 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 465.87 Td (Adjusted market bid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.45 465.87 Td (Pull-through rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 465.87 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 465.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 449.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 449.70 Td (Obtained from approved independent appraisers.) Tj ET Q q 0 0 0 rg BT 277.61 449.70 Td (Appraisals are current and in compliance with credit policy) Tj ET Q q 0 0 0 rg BT 514.09 449.70 Td (. ) Tj ET Q q 0 0 0 rg BT 518.91 449.70 Td (The Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 437.70 Td (does not generally discount appraisals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 425.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 425.70 Td (Fair value is adjusted for estimated costs to sell based on a percentage of the value determined by appraisal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 413.70 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 413.70 Td (Projected cash flows of the business derived using EBITDA) Tj ET Q q 0 0 0 rg BT 320.41 413.70 Td ( multiple based on management's best estimate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 401.70 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 401.70 Td (Presented as a percentage of the value determined by appraisal for impaired loans and other real estate owned.) Tj ET Q endstream endobj 331 0 obj <>] /Rotate 0 /Contents 332 0 R>> endobj 332 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 (164) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 21 DERIV) Tj ET Q q 0 0 0 rg BT 136.78 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 143.26 742.25 Td (TIVE INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 245.51 742.25 Td (AND HEDGING ) Tj ET Q q 0 0 0 rg BT 319.96 742.25 Td (ACTIVITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Risk Management Objectives of Using Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers is exposed to certain risks arising from both its business operations and economic conditions. Customers manages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (economic risks, including interest rate, liquidity) Tj ET Q q 0 0 0 rg BT 240.70 682.25 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 50.00 670.25 Td (its assets and liabilities. Specifically) Tj ET Q q 0 0 0 rg BT 194.04 670.25 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 50.00 658.25 Td (from business activities that result in the receipt or payment of future known and uncertain cash amounts, the values of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (are determined by interest rates. Customers) Tj ET Q q 0 0 0 rg BT 225.86 646.25 Td ( derivative financial instruments are used to manage dif) Tj ET Q q 0 0 0 rg BT 447.83 646.25 Td (ferences in the amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (timing, and duration of Customers) Tj ET Q q 0 0 0 rg BT 190.07 634.25 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 50.00 622.25 Td (related to certain 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 50.00 610.25 Td (qualifying customers, and therefore, they are not used to manage Customers) Tj ET Q q 0 0 0 rg BT 356.94 610.25 Td ( interest-rate risk in assets or liabilities. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 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 50.00 586.25 Td (risk exposure resulting from such transactions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Cash Flow Hedges of Inter) Tj ET Q q 0 0 0 rg BT 163.70 556.25 Td (est Rate Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Customers) Tj ET Q q 0 0 0 rg BT 95.37 538.25 Td ( objectives in using interest-rate derivatives are to add stability to interest expense and to manage exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (interest rate movements. ) Tj ET Q q 0 0 0 rg BT 152.84 526.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.25 526.25 Td (o accomplish this objective, Customers sometimes uses interest rate swaps as part of its interest-rate-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (risk management strategy) Tj ET Q q 0 0 0 rg BT 152.09 514.25 Td (. Interest-rate swaps designated as cash flow hedges involve the receipt of variable amounts from a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (counterparty in exchange for Customers making fixed-rate payments over the life of the agreements without exchange of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (underlying notional amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 75.63 466.25 Td (fective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (forecasted transaction af) Tj ET Q q 0 0 0 rg BT 147.54 442.25 Td (fects earnings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.13 442.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.13 442.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.57 442.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.57 442.25 Td (, such derivatives were used to hedge the variable cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (associated with the forecasted issuances of debt. ) Tj ET Q q 0 0 0 rg BT 247.81 430.25 Td (The inef) Tj ET Q q 0 0 0 rg BT 281.22 430.25 Td (fective portion of the change in fair value of the derivatives is to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (recognized directly in earnings. During 2016 and 2015, Customers did not record any hedge inef) Tj ET Q q 0 0 0 rg BT 438.88 418.25 Td (fectiveness.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 50.00 408.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.05 Td (Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.05 Td (interest payments are made on Customers) Tj ET Q q 0 0 0 rg BT 219.49 384.05 Td ( variable-rate debt. Customers expects to reclassify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.58 384.05 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.47 384.05 Td ( from accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.05 Td (other comprehensive income to interest expense during the next 12 months. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.05 Td (Customers is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.05 Td (24 months \(excluding forecasted transactions related to the payment of variable interest on existing financial instruments\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 312.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 312.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.30 312.05 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.96 312.05 Td ( outstanding interest rate derivatives with notional amounts totaling $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.41 312.05 Td (325.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.30 312.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.05 Td (that were designated as cash flow hedges of interest rate risk. ) Tj ET Q q 0 0 0 rg BT 299.08 300.05 Td (At December 31, 2015, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.38 300.05 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.82 300.05 Td ( outstanding interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.05 Td (rate derivative with a notional amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.78 288.05 Td ($150.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.67 288.05 Td ( that was designated as a cash flow hedge of interest rate risk. ) Tj ET Q q 0 0 0 rg BT 523.30 288.05 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.05 Td (hedges expire between October 2018 and ) Tj ET Q q 0 0 0 rg BT 217.16 276.05 Td (April 2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 246.05 Td (Derivatives Not Designated as Hedging Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.05 Td (Customers executes interest rate swaps with commercial banking customers to facilitate the customer's respective risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.05 Td (management strategies \(typically the loan customers will swap a floating rate loan to a fixed rate loan\). ) Tj ET Q q 0 0 0 rg BT 464.12 216.05 Td (The customer interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.05 Td (rate swaps are simultaneously of) Tj ET Q q 0 0 0 rg BT 180.34 204.05 Td (fset by interest rate swaps that Customers executes with a third party in order to minimize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.05 Td (interest rate risk exposure resulting from such transactions. Because the interest rate swaps associated with this program do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.05 Td (meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the of) Tj ET Q q 0 0 0 rg BT 468.56 180.05 Td (fsetting third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (market swaps are recognized directly in earnings. ) Tj ET Q q 0 0 0 rg BT 252.42 168.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.92 168.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.51 168.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.72 168.05 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.72 168.05 Td ( interest rate swaps with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.05 Td (aggregate notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.96 156.05 Td (716.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.85 156.05 Td ( related to this program. ) Tj ET Q q 0 0 0 rg BT 329.11 156.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.61 156.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.19 156.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.41 156.05 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.41 156.05 Td ( interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.05 Td (swaps with an aggregate notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.12 144.05 Td (461.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.01 144.05 Td ( related to this program. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.05 Td (Customers enters into residential mortgage loan commitments in connection with its consumer mortgage banking activities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.05 Td (fund mortgage loans at specified rates and times in the future. ) Tj ET Q q 0 0 0 rg BT 299.18 108.05 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 96.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 96.05 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.28 96.05 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.06 96.05 Td (60 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.89 96.05 Td (. ) Tj ET Q q 0 0 0 rg BT 118.71 96.05 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 84.05 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 72.05 Td (in fair value recorded directly in earnings. ) Tj ET Q q 0 0 0 rg BT 219.93 72.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 72.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.02 72.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.45 72.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.45 72.05 Td (, Customers had an outstanding notional balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.05 Td (residential mortgage loan commitments of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 60.05 Td (3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.79 60.05 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.23 60.05 Td (2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.12 60.05 Td (, respectively) Tj ET Q q 0 0 0 rg BT 391.78 60.05 Td (.) Tj ET Q endstream endobj 333 0 obj <>] /Rotate 0 /Contents 334 0 R>> endobj 334 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 (165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers has also purchased and sold credit derivatives to either hedge or participate in the performance risk associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (some of its counterparties. ) Tj ET Q q 0 0 0 rg BT 160.35 730.10 Td (These derivatives are not designated as hedging instruments and are reported at fair value, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (changes in fair value reported directly in earnings. ) Tj ET Q q 0 0 0 rg BT 255.48 718.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.98 718.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.56 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 718.10 Td (, Customers had an outstanding notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (balance of credit derivatives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.33 706.10 Td ($44.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 706.10 Td ($19.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.55 706.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 356.21 706.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.46 676.10 Td (V) Tj ET Q q 0 0 0 rg BT 76.77 676.10 Td (alue of Derivative Instruments on the Balance Sheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The following table presents the fair value of Customers) Tj ET Q q 0 0 0 rg BT 278.08 658.10 Td ( derivative financial instruments as well as their presentation on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.73 646.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.31 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.75 646.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.75 646.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 631.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 549.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 549.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 549.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 549.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 549.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 549.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 549.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 549.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 519.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 519.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 519.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 519.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 519.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 519.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 519.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 489.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 489.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 489.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 489.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 489.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 489.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 489.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 489.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 459.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 459.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 459.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 459.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 459.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 459.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 459.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 459.20 69.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 606.2 m 340.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 606.2 m 347.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 606.2 m 402.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 606.2 m 414.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 606.2 m 485.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 606.2 m 493.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 606.2 m 562.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 591.2 m 340.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 591.2 m 347.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 591.2 m 402.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 606.2 m 485.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 591.2 m 485.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 606.2 m 493.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 591.2 m 493.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 606.2 m 562.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 591.2 m 562.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 591.2 m 485.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 561.2 m 340.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 561.2 m 402.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 561.2 m 485.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 561.2 m 562.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 519.2 m 562.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 519.2 m 402.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 505.2 m 402.5 505.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 503.2 m 402.5 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 505.2 m 562.5 505.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 503.2 m 562.5 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 444.2 m 402.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 430.2 m 402.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 428.2 m 402.5 428.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 444.2 m 562.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 430.2 m 562.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 428.2 m 562.5 428.2 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.10 610.66 Td (December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.85 595.66 Td (Derivative Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.60 595.66 Td (Derivative Liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.00 580.66 Td (Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 580.66 Td (Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.50 565.66 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.95 565.66 Td (Fair Value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 565.66 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.95 565.66 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 553.15 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.87 Td (Derivatives designated as cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.87 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 523.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 523.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 523.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 523.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 523.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 523.87 Td (3,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.87 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 508.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 508.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 508.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 508.87 Td (3,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.87 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.87 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 478.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 478.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 478.87 Td (10,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 478.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 478.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 478.87 Td (10,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.87 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 463.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 463.87 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 463.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 463.87 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.87 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 448.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 448.87 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 448.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 448.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.87 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 433.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 433.87 Td (10,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 433.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 433.87 Td (10,548) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.80 216.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 347.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 347.80 67.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 347.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 347.80 55.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 347.80 12.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 347.80 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 347.80 8.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 347.80 69.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.80 216.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 313.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 313.80 67.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 313.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 313.80 55.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 313.80 12.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 313.80 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 313.80 8.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 313.80 69.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 279.80 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 279.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 279.80 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 279.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 279.80 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 279.80 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 279.80 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 279.80 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 279.80 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.80 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 251.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 251.80 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 251.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 251.80 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 251.80 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 251.80 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 251.80 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 251.80 69.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 392.79999999999995 m 340.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 392.79999999999995 m 347.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 392.79999999999995 m 402.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 392.79999999999995 m 414.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 392.79999999999995 m 485.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 392.79999999999995 m 493.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 392.79999999999995 m 562.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 380.79999999999995 m 340.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 380.79999999999995 m 347.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 380.79999999999995 m 402.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 380.79999999999995 m 485.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 380.79999999999995 m 493.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 380.79999999999995 m 562.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 359.79999999999995 m 340.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 359.79999999999995 m 402.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 359.79999999999995 m 485.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 359.79999999999995 m 562.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 313.79999999999995 m 402.5 313.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 297.79999999999995 m 402.5 297.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 295.79999999999995 m 402.5 295.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 313.79999999999995 m 562.5 313.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 297.79999999999995 m 562.5 297.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 295.79999999999995 m 562.5 295.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 237.79999999999995 m 402.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.79999999999995 m 562.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 237.79999999999995 m 402.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 224.79999999999995 m 402.5 224.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 222.79999999999995 m 402.5 222.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.79999999999995 m 562.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 224.79999999999995 m 562.5 224.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 222.79999999999995 m 562.5 222.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 396.75 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.10 396.06 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 384.75 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.85 384.06 Td (Derivative Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.60 384.06 Td (Derivative Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 364.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.85 372.06 Td (BalanceSheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.50 363.06 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.95 364.26 Td (FairValue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.85 372.06 Td (Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 363.06 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.95 364.26 Td (FairValue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 351.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.37 Td (Derivatives designated as cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.37 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 318.47 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 318.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 318.47 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 318.47 Td (4,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.37 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 301.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 301.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 301.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 301.47 Td (4,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.37 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.37 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 270.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 270.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 270.37 Td (9,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 270.37 Td (Otherliabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 270.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 270.37 Td (9,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 256.37 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 256.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 256.37 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 256.37 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 256.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 242.37 Td (Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 242.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 242.37 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 242.37 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 242.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 228.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 228.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 228.37 Td (9,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 228.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 228.37 Td (9,455) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 335 0 obj <>] /Rotate 0 /Contents 336 0 R>> endobj 336 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 (166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Effect of Derivative Instruments on Compr) Tj ET Q q 0 0 0 rg BT 233.95 742.25 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The following table presents the ef) Tj ET Q q 0 0 0 rg BT 188.94 724.25 Td (fect of Customers' derivative financial instruments on comprehensive income for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 712.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 712.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.96 712.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 712.25 Td (, and 2014. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 650.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 650.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 650.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 621.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 621.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 621.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 591.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 591.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 591.75 125.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 683.75 m 436.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 683.75 m 561.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 662.75 m 436.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 662.75 m 561.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 591.75 m 561.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 591.75 m 561.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 578.75 m 561.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 576.75 m 561.5 576.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 687.70 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.55 687.15 Td (For the Year Ended December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 667.00 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.00 667.20 Td (Income Statement Location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.85 675.15 Td (Amountofincome\(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.30 666.15 Td (r) Tj ET Q q 0 0 0 rg BT 459.13 666.15 Td (ecognizedinearnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 654.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 641.32 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 627.32 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 626.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 626.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 626.42 Td (2,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 612.32 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 611.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 611.42 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 597.32 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.90 596.42 Td (Mortgage loan and banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 596.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 582.32 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 582.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 582.32 Td (3,118) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 504.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 504.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 475.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 475.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 445.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 445.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 445.75 125.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 537.75 m 437.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 537.75 m 562.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 516.75 m 437.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 516.75 m 562.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 445.75 m 562.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 445.75 m 562.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 432.75 m 562.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 430.75 m 562.5 430.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 541.70 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 541.01 Td (For the Year Ended December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 521.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.25 521.21 Td (Income Statement Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.35 529.01 Td (Amountofincome\(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.75 520.01 Td (recognizedinearnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 508.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.32 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 481.32 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 480.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 480.42 Td (1,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 466.32 Td (Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 465.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 465.47 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 465.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.32 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.90 450.42 Td (Mortgage loan and banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 450.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 436.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 436.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 436.32 Td (1,876) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 352.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 352.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 352.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 323.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 323.75 155.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 323.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 293.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 293.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 293.75 125.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 385.75 m 436 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 385.75 m 561 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 364.75 m 436 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 364.75 m 561 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 293.75 m 561 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 293.75 m 561 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 280.75 m 561 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 278.75 m 561 278.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 389.70 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 389.01 Td (For the Year Ended December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 369.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 369.21 Td (Income Statement Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.85 377.01 Td (Amountofincome\(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 368.01 Td (recognizedinearnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 356.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.32 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.32 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 328.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 328.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 328.42 Td (550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 314.32 Td (Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 313.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 313.47 Td (\(91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.32 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.90 298.42 Td (Mortgage loan and banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.80 298.47 Td (\(197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 284.32 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 284.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 284.32 Td (262) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 140.75 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 140.75 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 140.75 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 140.75 105.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 230.75 m 354.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 230.75 m 358.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 230.75 m 452.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 230.75 m 456.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 230.75 m 561.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 155.75 m 354.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 155.75 m 452.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 155.75 m 561.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 111.75 m 354.5 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 109.75 m 354.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 111.75 m 561.5 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 109.75 m 561.5 109.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 235.21 Td (For the Year Ended December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 220.21 Td (Location of Gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.35 220.21 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.75 205.21 Td (Amount of Income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.35 205.21 Td (\(Loss\) Reclassified) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.60 205.21 Td (Reclassified from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.60 190.21 Td (Recognized in OCI on) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.35 190.21 Td (from Accumulated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.50 190.21 Td (Accumulated OCI into) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.20 175.21 Td (Derivatives \(Effective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 175.21 Td (OCI into Income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.95 175.21 Td (Income \(Effective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.85 160.21 Td (Portion\) \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.20 160.21 Td (\(Effective Portion\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.70 160.21 Td (Portion\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 145.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 130.42 Td (Derivatives in cash flow hedging relationships:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 115.42 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 115.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 115.42 Td (587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 115.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 115.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 115.47 Td (\(1,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 115.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 337 0 obj <>] /Rotate 0 /Contents 338 0 R>> endobj 338 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 (167) 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 /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 737.96 Td (For the Year Ended December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 722.96 Td (Location of Gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.35 722.96 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.75 707.96 Td (Amount of Loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.35 707.96 Td (\(Loss\) Reclassified) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.60 707.96 Td (Reclassified from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.60 692.96 Td (Recognized in OCI on) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.35 692.96 Td (from Accumulated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.50 692.96 Td (Accumulated OCI into) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.20 677.96 Td (Derivatives \(Effective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 677.96 Td (OCI into Income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.95 677.96 Td (Income \(Effective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.85 662.96 Td (Portion\) \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.20 662.96 Td (\(Effective Portion\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.70 662.96 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 (Derivative in cash flow hedging relationship:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 618.17 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 618.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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 49.50 486.50 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 486.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 486.50 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 486.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 486.50 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 486.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 486.50 105.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 576.5 m 354.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 576.5 m 358.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 576.5 m 452.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 576.5 m 456.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 576.5 m 561.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 501.5 m 354.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 501.5 m 452.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 501.5 m 561.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 457.5 m 354.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 455.5 m 354.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 457.5 m 561.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 455.5 m 561.5 455.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.10 580.96 Td (December 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 565.96 Td (Location of Gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.35 565.96 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.75 550.96 Td (Amount of Loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.35 550.96 Td (\(Loss\) Reclassified) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.60 550.96 Td (Reclassified from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.60 535.96 Td (Recognized in OCI on) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.35 535.96 Td (from Accumulated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.50 535.96 Td (Accumulated OCI into) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.20 520.96 Td (Derivatives \(Effective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 520.96 Td (OCI into Income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.95 520.96 Td (Income \(Effective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.85 505.96 Td (Portion\) \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.20 505.96 Td (\(Effective Portion\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.70 505.96 Td (Portion\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 490.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 476.17 Td (Derivative in cash flow hedging relationship:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 461.17 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.80 461.22 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 461.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 461.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 461.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.00 Td ( \(1\) ) Tj ET Q q 0 0 0 rg BT 68.61 445.00 Td (Amounts presented are net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.00 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 415.00 Td (edit-risk-r) Tj ET Q q 0 0 0 rg BT 105.18 415.00 Td (elated Contingent Featur) Tj ET Q q 0 0 0 rg BT 212.20 415.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.00 Td (By entering into derivative contracts, Customers is exposed to credit risk. ) Tj ET Q q 0 0 0 rg BT 346.14 397.00 Td (The credit risk associated with derivatives executed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.00 Td (with customers is the same as that involved in extending the related loans and is subject to the same standard credit policies. ) Tj ET Q q 0 0 0 rg BT 548.86 385.00 Td (T) Tj ET Q q 0 0 0 rg BT 554.27 385.00 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.00 Td (mitigate the credit-risk exposure to major derivative dealer counterparties, Customers only enters into agreements with those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.00 Td (counterparties that maintain credit ratings of high quality) Tj ET Q q 0 0 0 rg BT 277.34 361.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.00 Td (Agreements with major derivative dealer counterparties contain provisions whereby default on any of Customers' indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.00 Td (would be considered a default on its derivative obligations. Customers also has entered into agreements that contain provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.00 Td (under which the counterparty could require Customers to settle its obligations if Customers fails to maintain its status as a well/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.00 Td (adequately-capitalized institution. ) Tj ET Q q 0 0 0 rg BT 187.46 301.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.90 301.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.48 301.00 Td (, the fair value of derivatives in a net liability position \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.00 Td (includes accrued interest but excludes any adjustment for nonperformance-risk\) related to these agreements was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.38 289.00 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.27 289.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.00 Td (In addition, Customers has collateral posting thresholds with certain of these counterparties and at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.62 277.00 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.20 277.00 Td (, had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (posted $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.61 265.00 Td (4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 265.00 Td ( of cash as collateral. Customers records cash posted as collateral as a reduction in the outstanding balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (of cash and cash equivalents and an increase in the balance of other assets.) Tj ET Q endstream endobj 339 0 obj <>] /Rotate 0 /Contents 340 0 R>> endobj 340 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 (168) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 89.82 742.25 Td (es about Offsetting ) Tj ET Q q 0 0 0 rg BT 172.32 742.25 Td (Assets and Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The following tables present derivative instruments that are subject to enforceable master netting arrangements. Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (interest rate swaps with institutional counterparties are subject to master netting arrangements and are included in the table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 700.25 Td (. Interest rate swaps with commercial banking customers and residential mortgage loan commitments are not subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (master netting arrangements and are excluded from the table below) Tj ET Q q 0 0 0 rg BT 318.41 688.25 Td (. Customers has not made a policy election to of) Tj ET Q q 0 0 0 rg BT 510.96 688.25 Td (fset its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (derivative positions.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 508.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 508.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 508.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 508.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 508.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 508.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 508.75 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 619.75 m 250.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 619.75 m 254.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 619.75 m 322.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 619.75 m 326.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 619.75 m 393.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 619.75 m 397.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 619.75 m 461.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 619.75 m 465.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 619.75 m 519.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 619.75 m 523.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 619.75 m 562.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 598.75 m 461.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 598.75 m 465.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 598.75 m 519.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 598.75 m 523.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 598.75 m 562.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 521.75 m 250.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 521.75 m 322.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 521.75 m 393.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 521.75 m 461.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 521.75 m 519.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 521.75 m 562.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 459.75 m 250.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 457.75 m 250.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 459.75 m 322.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 457.75 m 322.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 459.75 m 393.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 457.75 m 393.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 459.75 m 461.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 457.75 m 461.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 459.75 m 519.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 457.75 m 519.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 459.75 m 562.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 457.75 m 562.5 457.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.70 638.21 Td (Offsetting of Financial Assets and Derivative Assets at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.60 624.21 Td (December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.80 611.01 Td (Gross ) Tj ET Q q 0 0 0 rg BT 449.55 611.01 Td (Amounts Not Of) Tj ET Q q 0 0 0 rg BT 509.89 611.01 Td (fset in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.35 602.01 Td (the Consolidated Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.45 553.21 Td (Gross ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.35 544.21 Td (Amount of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.75 535.21 Td (Recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.20 526.21 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.45 571.21 Td (Gross) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.45 562.21 Td (Amounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.55 553.21 Td (Of) Tj ET Q q 0 0 0 rg BT 277.88 553.21 Td (fset in the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.25 544.21 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 535.21 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.00 526.21 Td (Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 589.21 Td (Net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.10 580.21 Td (Amounts of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.70 571.21 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 562.21 Td (Presented) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.35 553.21 Td (in the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 544.21 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 535.21 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.50 526.21 Td (Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 535.21 Td (Financial) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.75 526.21 Td (Instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 544.21 Td (Cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 535.21 Td (Collateral) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 526.21 Td (Received) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 535.21 Td (Net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.70 526.21 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 513.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.32 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 484.32 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 474.32 Td (with institutional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 464.32 Td (counterparties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.15 463.42 Td (4,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 463.42 Td (4,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 463.42 Td (4,723) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 278.95 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 278.95 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 278.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 278.95 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 278.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 278.95 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 278.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 278.95 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 278.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 278.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 278.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 278.95 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 191.5 391.95000000000005 m 249.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 391.95000000000005 m 253.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 391.95000000000005 m 321.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 391.95000000000005 m 325.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 391.95000000000005 m 392.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 391.95000000000005 m 396.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 391.95000000000005 m 460.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 391.95000000000005 m 464.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 391.95000000000005 m 518.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 391.95000000000005 m 522.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 391.95000000000005 m 561.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 391.95000000000005 m 460.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 368.95000000000005 m 460.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 391.95000000000005 m 464.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 368.95000000000005 m 464.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 391.95000000000005 m 518.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 368.95000000000005 m 518.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 391.95000000000005 m 522.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 368.95000000000005 m 522.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 391.95000000000005 m 561.5 391.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 368.95000000000005 m 561.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 291.95000000000005 m 249.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 291.95000000000005 m 321.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 291.95000000000005 m 392.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 368.95000000000005 m 460.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 291.95000000000005 m 460.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 368.95000000000005 m 518.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 291.95000000000005 m 518.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 368.95000000000005 m 561.5 368.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 291.95000000000005 m 561.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 229.95000000000005 m 249.5 229.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 227.95000000000005 m 249.5 227.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 229.95000000000005 m 321.5 229.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 227.95000000000005 m 321.5 227.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 229.95000000000005 m 392.5 229.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 227.95000000000005 m 392.5 227.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 229.95000000000005 m 460.5 229.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 227.95000000000005 m 460.5 227.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 229.95000000000005 m 518.5 229.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 227.95000000000005 m 518.5 227.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 229.95000000000005 m 561.5 229.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 227.95000000000005 m 561.5 227.95000000000005 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.70 410.41 Td (Offsetting of Financial Assets and Derivative Assets at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.60 396.41 Td (December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.80 382.41 Td (Gross ) Tj ET Q q 0 0 0 rg BT 448.55 382.41 Td (Amounts Not Of) Tj ET Q q 0 0 0 rg BT 508.89 382.41 Td (fset in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.35 373.41 Td (the Consolidated Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.45 323.41 Td (Gross ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.35 314.41 Td (Amount of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.75 305.41 Td (Recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.20 296.41 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.45 341.41 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(Financial) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.75 296.41 Td (Instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 314.41 Td (Cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 305.41 Td (Collateral) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 296.41 Td (Received) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.00 305.41 Td (Net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.70 296.41 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 283.20 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 269.52 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 254.52 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 244.52 Td (with institutional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 234.52 Td (counterparties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 233.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 233.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 233.62 Td ($) Tj ET 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534.00 429.96 Td (Net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.70 420.96 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 407.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.07 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 379.07 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 369.07 Td (with institutional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 359.07 Td (counterparties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.15 358.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 358.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 358.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 358.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 358.17 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 358.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 358.17 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 343 0 obj <>] /Rotate 0 /Contents 344 0 R>> endobj 344 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 (170) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 22 LOSS CONTINGENCY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (At December 31, 2015, Customers had a net receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.37 724.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.26 724.25 Td ( recorded in "Other assets" related to a suspected fraud ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (discovered in the Bank) Tj ET Q q 0 0 0 rg BT 144.70 712.25 Td (s held-for) Tj ET Q q 0 0 0 rg BT 183.10 712.25 Td (-sale loan portfolio during 2013. Since 2013, Customers has aggressively pursued restitution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (against the involved parties and ultimately reached a settlement agreement with one of the parties in third quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Customers continues to seek restitution against the remaining involved party) Tj ET Q q 0 0 0 rg BT 355.68 688.25 Td (. ) Tj ET Q q 0 0 0 rg BT 362.63 688.25 Td (At December 31, 2016, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.93 688.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.93 688.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (receivable amount recorded on its consolidated balance sheet related to this matter) Tj ET Q q 0 0 0 rg BT 379.04 676.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (NOTE 23 CONDENSED FINANCIAL) Tj ET Q q 0 0 0 rg BT 222.25 646.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 236.24 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 242.71 646.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 307.63 646.25 Td ( P) Tj ET Q q 0 0 0 rg BT 315.50 646.25 Td (ARENT) Tj ET Q q 0 0 0 rg BT 350.32 646.25 Td ( COMP) Tj ET Q q 0 0 0 rg BT 382.63 646.25 Td (ANY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (The following tables present the condensed financial statements for Customers Bancorp, Inc. \(parent company only\) for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (periods presented.) 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q 0 0 0 rg BT 431.00 452.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 452.42 Td (949,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 452.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 452.42 Td (642,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 438.48 Td (Liabilities and Shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 424.32 Td ( Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 423.42 Td (87,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 423.42 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 409.32 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 408.42 Td (6,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 408.42 Td (485) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.00 394.48 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 393.42 Td 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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 359.5 482.75 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 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 428.5 482.75 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 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 497.5 482.75 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 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 (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 709.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 709.98 Td (2014) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 667.42 Td (25,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 667.42 Td (18,545) 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 548.65 667.42 Td (90) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 652.42 Td (25,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 652.42 Td (18,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 652.42 Td (90) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 622.42 Td (5,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 622.42 Td (5,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 622.42 Td (5,251) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 607.42 Td (4,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 607.42 Td (4,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 607.42 Td (5,611) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 592.42 Td (10,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 592.42 Td (10,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 592.42 Td (10,862) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 577.42 Td (14,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 577.42 Td (8,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 577.47 Td (\(10,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 577.42 Td (\)) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 562.42 Td (3,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 562.42 Td (3,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 562.42 Td (3,797) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 547.42 Td (18,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 547.42 Td (11,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 547.47 Td (\(6,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 547.42 Td (\)) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 532.42 Td (59,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 532.42 Td (46,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 532.42 Td (50,189) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 517.42 Td (78,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 517.42 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 517.42 Td (43,214) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 502.42 Td (9,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 502.42 Td (2,493) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 487.42 Td (69,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 487.42 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 487.42 Td (43,214) 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 /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 472.42 Td (81,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 472.42 Td (50,721) 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 (51,210) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 438.25 Td (Statements of Cash Flows) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 390.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 390.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 390.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 309.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 351.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 351.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 351.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 351.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 314.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 314.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 314.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 314.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 314.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 314.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 286.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 286.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 286.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 286.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 286.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 259.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 259.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 259.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 259.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 259.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 231.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 231.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 231.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 231.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 231.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 204.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 204.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 204.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 204.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 204.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 204.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 176.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 176.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 176.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 176.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 176.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 176.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 148.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 148.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 148.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 148.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 148.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 148.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 120.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 120.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 120.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 120.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 120.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 92.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 92.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 92.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 92.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 92.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 92.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 415.75 m 424.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 415.75 m 428.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 415.75 m 493.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 415.75 m 497.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 415.75 m 562.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 403.75 m 424.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 403.75 m 493.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 403.75 m 562.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 286.75 m 424.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 286.75 m 493.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 286.75 m 562.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 272.75 m 424.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 272.75 m 493.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 272.75 m 562.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 231.75 m 424.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 231.75 m 493.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 231.75 m 562.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 217.75 m 424.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 217.75 m 493.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 217.75 m 562.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 120.75 m 424.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 120.75 m 493.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 120.75 m 562.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 106.75 m 424.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 106.75 m 493.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 106.75 m 562.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 78.75 m 424.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 78.75 m 493.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 78.75 m 562.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 65.75 m 424.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 63.75 m 424.5 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 65.75 m 493.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 63.75 m 493.5 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 65.75 m 562.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 63.75 m 562.5 63.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 419.70 Td () Tj ET Q BT /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 (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 407.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 407.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 407.83 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.48 Td (Cash Flows from Operating Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 381.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 381.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 381.32 Td (78,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 381.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 381.32 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 381.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 381.32 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 367.32 Td (Adjustments to reconcile net income to net cash provided by \(used in\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 357.32 Td (operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 342.32 Td (Equity in undistributed earnings of subsidiaries, net of dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 332.32 Td (received from Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 333.47 Td (\(59,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 333.47 Td (\(46,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 333.47 Td (\(50,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 319.32 Td (Loss on sale of available for sale investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 319.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 319.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 319.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 305.32 Td (\(Increase\) decrease in other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 305.37 Td (\(7,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 305.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 305.32 Td (2,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 305.37 Td (\(1,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 305.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 291.32 Td (Increase \(decrease\) in other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 291.32 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 291.37 Td (\(112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 291.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 291.32 Td (1,497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 277.48 Td (Net Cash Provided By \(Used in\) Operating Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 277.32 Td (11,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 277.32 Td (13,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 277.37 Td (\(6,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 277.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 263.48 Td (Cash Flows from Investing Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 250.32 Td (Proceeds from sales of investment securities available for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 250.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 250.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 250.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 236.32 Td (Payments for investments in and advances to subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 236.37 Td (\(230,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 236.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 236.37 Td (\(30,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 236.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 236.37 Td (\(15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 236.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 222.48 Td (Net Cash Used in Investing Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 222.37 Td (\(230,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 222.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 222.37 Td (\(30,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 222.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 222.37 Td (\(15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 222.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 208.48 Td (Cash Flows from Financing Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 195.32 Td (Proceeds from issuance of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 195.32 Td (65,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 195.32 Td (904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 195.32 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 181.32 Td (Proceeds from issuance of preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 181.32 Td (161,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 181.32 Td (55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 181.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 167.32 Td (Proceeds from issuance of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 167.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 167.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 167.32 Td (25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 153.32 Td (Exercise and redemption of warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 153.32 Td (1,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 153.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 153.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 139.32 Td (Payments on partial shares for stock dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 139.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 139.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 139.37 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 139.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 125.32 Td (Preferred stock dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 125.37 Td (\(9,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 125.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 125.37 Td (\(2,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 125.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 125.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 111.48 Td (Net Cash Provided by Financing Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 111.32 Td (219,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 111.32 Td (54,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 111.32 Td (25,075) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 97.48 Td (Net Increase \(Decrease\) in Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 97.37 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 97.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 97.32 Td (38,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 97.32 Td (3,211) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 83.48 Td (Cash and Cash Equivalents Beginning) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 83.32 Td (54,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 83.32 Td (16,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 83.32 Td (13,254) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 69.48 Td (Cash and Cash Equivalents Ending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 69.32 Td (54,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 69.32 Td (54,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 69.32 Td (16,465) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 347 0 obj <>] /Rotate 0 /Contents 348 0 R>> endobj 348 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 (172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 24 SELECTED QUAR) Tj ET Q q 0 0 0 rg BT 185.79 742.25 Td (TERL) Tj ET Q q 0 0 0 rg BT 212.10 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 218.95 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 277.57 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 293.77 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 299.70 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 306.37 742.25 Td ( \(UNAUDITED\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (The following table presents selected quarterly data for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.94 712.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.52 712.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 712.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.96 712.25 Td (. Quarterly data may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (agree to full year results. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 650.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 650.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 650.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 650.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 650.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 620.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 620.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 620.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 620.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 620.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 590.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 590.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 590.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 590.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 590.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 590.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 560.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 560.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 560.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 530.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 530.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 530.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 500.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 500.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 500.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 500.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 470.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 470.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 470.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 470.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 470.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 470.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 470.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 470.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 440.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 440.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 440.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 440.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.75 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 410.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 410.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 410.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 410.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 410.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 410.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 410.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 370.75 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 370.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 370.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 370.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 370.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 370.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 370.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 370.75 65.00 -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 290.5 676.75 m 355.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 676.75 m 359.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 676.75 m 424.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 676.75 m 428.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 676.75 m 493.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 676.75 m 497.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 676.75 m 562.5 676.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 663.75 m 355.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 663.75 m 424.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 663.75 m 493.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 663.75 m 562.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 663.75 m 355.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 663.75 m 359.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 663.75 m 424.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 663.75 m 428.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 663.75 m 493.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 663.75 m 497.5 663.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 620.75 m 355.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 620.75 m 424.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 620.75 m 493.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 620.75 m 562.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 620.75 m 424.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 620.75 m 493.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 620.75 m 562.5 620.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 560.75 m 355.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 560.75 m 424.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 560.75 m 493.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 560.75 m 562.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 560.75 m 424.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 560.75 m 493.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 560.75 m 562.5 560.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 530.75 m 355.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 530.75 m 424.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 530.75 m 493.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 530.75 m 562.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 530.75 m 355.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 530.75 m 424.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 530.75 m 493.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 530.75 m 562.5 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 485.75 m 355.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 470.75 m 355.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 485.75 m 424.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 470.75 m 424.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 485.75 m 493.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 470.75 m 493.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 485.75 m 562.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 470.75 m 562.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 440.75 m 355.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 426.75 m 355.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 424.75 m 355.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 440.75 m 424.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 426.75 m 424.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 424.75 m 424.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 440.75 m 493.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 426.75 m 493.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 424.75 m 493.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 440.75 m 562.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 426.75 m 562.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 424.75 m 562.5 424.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 681.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 681.00 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 667.98 Td (Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.05 668.00 Td (December31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.35 668.00 Td (September30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.15 668.00 Td (June30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.05 668.00 Td (March31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 655.00 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 640.42 Td (83,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 640.42 Td (84,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 640.42 Td (81,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 640.42 Td (73,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 625.42 Td (19,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 625.42 Td (19,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 625.42 Td (18,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 625.42 Td (15,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.32 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 610.42 Td (64,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 610.42 Td (64,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 610.42 Td (63,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 610.42 Td (57,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.32 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 595.47 Td (\(261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 595.47 Td (\(161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 595.42 Td (786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 595.42 Td (1,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.32 Td (Non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 580.42 Td (921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 580.42 Td (11,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 580.42 Td (5,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 580.42 Td (5,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.32 Td (Non-interest expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 565.42 Td (30,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 565.42 Td (36,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 565.42 Td (32,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 565.42 Td (31,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.32 Td (Income from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 550.42 Td (34,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 550.42 Td (39,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 550.42 Td (36,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 550.42 Td (29,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 535.42 Td (11,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 535.42 Td (15,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 535.42 Td (14,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 535.42 Td (9,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.32 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 520.42 Td (23,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 520.42 Td (23,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 520.42 Td (21,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 520.42 Td (19,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.32 Td (Loss from discontinued operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 505.47 Td (\(5,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 505.47 Td (\(3,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 505.47 Td (\(3,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 505.47 Td (\(1,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.32 Td (Income tax benefit from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 490.47 Td (\(2,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 490.47 Td (\(1,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 490.47 Td (\(1,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 490.47 Td (\(688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.32 Td (Net loss from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 475.47 Td (\(3,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 475.47 Td (\(2,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 475.47 Td (\(2,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 475.47 Td (\(1,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 475.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 460.42 Td (19,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 460.42 Td (21,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 460.42 Td (19,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 460.42 Td (18,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.32 Td (Preferred stock dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 445.42 Td (3,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 445.42 Td (2,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 445.42 Td (2,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 445.42 Td (1,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.32 Td (Net income available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 430.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 430.42 Td (16,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 430.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 430.42 Td (18,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 430.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 430.42 Td (17,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 430.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 430.42 Td (16,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 416.32 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 401.32 Td (Basic earnings per common share from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 391.32 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 390.42 Td (0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 390.42 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 390.42 Td (0.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 390.42 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 376.32 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 375.42 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 375.42 Td (0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 375.42 Td (0.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 375.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 375.42 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 361.32 Td (Diluted earnings per common share from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 351.32 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 350.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 350.42 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 350.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 350.42 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 350.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 350.42 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 350.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 350.42 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 336.32 Td (Diluted earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 335.42 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 335.42 Td (0.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 335.42 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 335.42 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.25 Td (In fourth quarter 2016, Customers elected to early-adopt ) Tj ET Q q 0 0 0 rg BT 277.43 307.25 Td (ASU 2016-09) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 333.27 307.25 Td (, Compensation - Stock Compensation: Impr) Tj ET Q q 0 0 0 rg BT 511.21 307.25 Td (ovements to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 295.25 Td (Employee Shar) Tj ET Q q 0 0 0 rg BT 110.44 295.25 Td (e-Based Payment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.14 295.25 Td (and has retroactively applied the guidance ef) Tj ET Q q 0 0 0 rg BT 363.76 295.25 Td (fective as of January 1, 2016. ) Tj ET Q q 0 0 0 rg BT 485.67 295.25 Td (As a result of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.25 Td (adoption, Customers recognized excess tax benefits recognized as a a reduction of income tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.46 283.25 Td ($4.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.35 283.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 271.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 271.25 Td (. ) Tj ET Q q 0 0 0 rg BT 181.99 271.25 Td (The adoption of the ) Tj ET Q q 0 0 0 rg BT 262.52 271.25 Td (ASU also resulted in an increase in weighted average diluted shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (559,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 259.25 Td ( for the year ended December 31, 2016 as excess tax benefits are no longer included in assumed proceeds when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (determining diluted shares outstanding under the treasury method. Form more information regarding the impact of adoption, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (see NOTE 4 - SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 170.36 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 172.30 235.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 286.75 235.25 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 399.58 235.25 Td (A) Tj ET Q q 0 0 0 rg BT 405.70 235.25 Td (TION. ) Tj ET Q q 0 0 0 rg BT 436.90 235.25 Td (The quarterly data above has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (been adjusted to reflect the retrospective adoption of this ) Tj ET Q q 0 0 0 rg BT 279.09 223.25 Td (ASU.) 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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 290.5 722.5 m 355.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 722.5 m 424.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 722.5 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 679.5 m 355.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 679.5 m 424.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 679.5 m 493.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 679.5 m 562.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 679.5 m 355.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 619.5 m 355.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 619.5 m 424.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 619.5 m 493.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 619.5 m 562.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 589.5 m 355.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 589.5 m 424.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 589.5 m 493.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 589.5 m 562.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 544.5 m 355.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 529.5 m 355.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 544.5 m 424.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 529.5 m 424.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 544.5 m 493.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 529.5 m 493.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 544.5 m 562.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 529.5 m 562.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 529.5 m 424.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 529.5 m 493.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 529.5 m 562.5 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 499.5 m 355.5 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 485.5 m 355.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 483.5 m 355.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 499.5 m 424.5 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 485.5 m 424.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 483.5 m 424.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 499.5 m 493.5 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 485.5 m 493.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 483.5 m 493.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 499.5 m 562.5 499.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 485.5 m 562.5 485.5 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 739.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 739.75 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 726.73 Td (Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.05 726.75 Td (December31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.35 726.75 Td (September30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.15 726.75 Td (June30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.05 726.75 Td (March31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 713.75 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 700.07 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 699.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 699.17 Td (67,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 699.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 699.17 Td (63,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 699.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 699.17 Td (59,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 699.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 699.17 Td (58,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.07 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 684.17 Td (14,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 684.17 Td (13,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 684.17 Td (13,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 684.17 Td (12,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 670.07 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 669.17 Td (53,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 669.17 Td (49,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 669.17 Td (46,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 669.17 Td (46,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.07 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 654.17 Td (6,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 654.17 Td (2,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 654.17 Td (9,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 654.17 Td (2,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.07 Td (Non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 639.17 Td (9,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 639.17 Td (6,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 639.17 Td (6,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 639.17 Td (5,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.07 Td (Non-interest expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 624.17 Td (29,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 624.17 Td (28,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 624.17 Td (23,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 624.17 Td (26,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.07 Td (Income from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 609.17 Td (27,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 609.17 Td (25,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 609.17 Td (20,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 609.17 Td (23,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.07 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 594.17 Td (8,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 594.17 Td (9,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 594.17 Td (7,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 594.17 Td (8,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.07 Td (Net income from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 579.17 Td (18,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 579.17 Td (16,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 579.17 Td (12,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 579.17 Td (14,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.07 Td (Loss from discontinued operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 564.22 Td (\(1,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 564.22 Td (\(1,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 564.22 Td (\(2,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 564.22 Td (\(1,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 564.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.07 Td (Income tax benefit from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 549.22 Td (\(688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 549.22 Td (\(740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 549.22 Td (\(787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 549.22 Td (\(537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 549.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.07 Td (Net loss from discontinued operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 534.22 Td (\(1,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 534.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 534.22 Td (\(1,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 534.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 534.22 Td (\(1,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 534.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 534.22 Td (\(876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 534.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 519.17 Td (17,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 519.17 Td (15,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 519.17 Td (11,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 519.17 Td (13,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.07 Td (Preferred stock dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 504.17 Td (1,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 504.17 Td (980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 504.17 Td (507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.07 Td (Net income available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 489.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 489.17 Td (16,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 489.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 489.17 Td (14,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 489.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 489.17 Td (11,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 489.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 489.17 Td (13,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 475.07 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 460.07 Td (Basic earnings per common share from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 450.07 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 449.17 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 449.17 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 449.17 Td (0.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 449.17 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 435.07 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 434.17 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 434.17 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 434.17 Td (0.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 434.17 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 420.07 Td (Diluted earnings per common share from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 410.07 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 409.17 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 409.17 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 409.17 Td (0.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 409.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 409.17 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 395.07 Td (Diluted earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 394.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 394.17 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 394.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 394.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 394.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 394.17 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 394.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 394.17 Td (0.49) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 351 0 obj <>] /Rotate 0 /Contents 352 0 R>> endobj 352 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 (174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 25 BUSINESS SEGMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Customers has historically operated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.79 718.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.23 718.25 Td ( business segment, "Community Banking." However) Tj ET Q q 0 0 0 rg BT 448.53 718.25 Td (, beginning in third quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (2016, Customers revised its segment financial reporting to reflect the manner in which its chief operating decision makers \(our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 127.57 694.25 Td (ficer and Board of Directors\) have begun allocating resources and assessing performance subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Customers' acquisition of the Disbursement business from Higher One and the combination of that business with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (BankMobile technology platform late in second quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Management has determined that Customers' operations consist of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.85 652.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 652.25 Td ( reportable segments - Community Business Banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (and BankMobile. Each segment generates revenues, manages risk, and of) Tj ET Q q 0 0 0 rg BT 346.11 640.25 Td (fers distinct products and services to tar) Tj ET Q q 0 0 0 rg BT 504.77 640.25 Td (geted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (customers through dif) Tj ET Q q 0 0 0 rg BT 137.58 628.25 Td (ferent delivery channels. ) Tj ET Q q 0 0 0 rg BT 240.97 628.25 Td (The strategy) Tj ET Q q 0 0 0 rg BT 290.02 628.25 Td (, marketing, and analysis of these segments vary considerably) Tj ET Q q 0 0 0 rg BT 536.52 628.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (The Community Business Banking segment is delivered predominately to commercial customers in Southeastern Pennsylvania, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 598.25 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 598.25 Td (ork, New Jersey) Tj ET Q q 0 0 0 rg BT 141.28 598.25 Td (, Massachusetts, Rhode Island and New Hampshire through a single point of contact business model and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (and deposit gathering activities are focused primarily on privately held businesses, high net worth families, selected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (commercial real estate lending, and commercial mortgage companies. Revenues are generated primarily through net interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (income \(the dif) Tj ET Q q 0 0 0 rg BT 110.91 550.25 Td (ference between interest earned on loans, investments, and other interest earning assets and interest paid on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (deposits and other borrowed funds\) and other non-interest income, such as mortgage warehouse transactional fees and bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (owned life insurance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (The BankMobile segment provides state of the art high tech digital banking and disbursement services to consumers, students, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (and the "under banked" nationwide. BankMobile, as a division of Customers Bank, is a full service bank that is accessible to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (customers anywhere and anytime through the customer's smartphone or other web-enabled device. Revenues are currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (being generated primarily through interchange and card revenue, deposit and wire transfer fees and university fees. ) Tj ET Q q 0 0 0 rg BT 512.41 472.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (majority of revenue and expenses for BankMobile are a result of the Disbursement business acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (The following tables present the operating results for Customers' reportable business segments for the years ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (31, 2016, 2015 and 2014. Customers has presented the financial information and disclosures for prior periods to reflect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (segment disclosures as if they had been in ef) Tj ET Q q 0 0 0 rg BT 228.10 412.25 Td (fect for the periods presented. ) Tj ET Q q 0 0 0 rg BT 352.04 412.25 Td (The segment financial results include directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (attributable revenues and expenses. Corporate overhead costs are assigned to the Community Business Banking segment as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (those expenses are expected to continue following the planned disposition of BankMobile. Similarly) Tj ET Q q 0 0 0 rg BT 451.21 388.25 Td (, the preferred stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (dividends have been allocated in their entirety to the Community Business Banking segment. ) Tj ET Q q 0 0 0 rg BT 427.25 376.25 Td (The tax benefit assigned to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (BankMobile was based on an estimated ef) Tj ET Q q 0 0 0 rg BT 218.66 364.25 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.40 364.25 Td (38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.73 364.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (In the third quarter 2016, Customers announced its intent to sell BankMobile and anticipates a sale to close within one year) Tj ET Q q 0 0 0 rg BT 542.38 340.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (Because BankMobile met the criteria to be classified as held for sale at December 31, 2016, the assets and liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (BankMobile have been presented as "Assets held for sale" and "Liabilities held for sale" on the consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (December 31, 2016 and 2015. BankMobile's operating results and associated cash flows have been presented as "Discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (operations" within the accompanying consolidated financial statements and prior period amounts have been reclassified to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (conform with the current period presentation. For more information on BankMobile discontinued operations, see NOTE 3 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (DISCONTINUED OPERA) Tj ET Q q 0 0 0 rg BT 158.61 268.25 Td (TIONS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (The BankMobile segment results presented below dif) Tj ET Q q 0 0 0 rg BT 263.66 244.25 Td (fer from the amounts reported as "Discontinued operations" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (consolidated financial statements primarily because of the internal funds transfer pricing methodology used by management to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (allocate interest income to BankMobile for the value provided to the Community Business Banking segment for the use of low/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (no cost deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td ( ) Tj ET Q /GS0 gs q 2.50 0 0 10.09 52.50 194.09 cm /I30 Do Q BT /F1 10.00 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 544.5 m 558.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 542.5 m 558.5 542.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.65 737.75 Td (For the Year Ended December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 712.73 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.35 720.75 Td (Community ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.70 712.75 Td (Business Banking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 712.75 Td (BankMobile) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.35 712.75 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 699.76 Td (Interest income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 116.98 703.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 697.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 697.96 Td (315,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 697.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 697.96 Td (6,896) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 463.10 702.60 Td (\(1) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 468.00 702.60 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 697.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 697.96 Td (322,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 684.76 Td (Interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 682.96 Td (73,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 682.96 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 682.96 Td (73,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 669.76 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 667.96 Td (242,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 667.96 Td (6,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 667.96 Td (249,497) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 654.76 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 652.96 Td (2,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 652.96 Td (795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 652.96 Td (3,041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 639.76 Td (Non-interest income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 637.96 Td (23,165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 637.96 Td (33,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 637.96 Td (56,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 624.76 Td (Non-interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 622.96 Td (131,217) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 622.96 Td (47,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 622.96 Td (178,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 609.76 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 607.96 Td (132,341) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 607.96 Td (\(7,746) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 607.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 607.96 Td (124,595) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 594.76 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 592.96 Td (48,836) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 592.96 Td (\(2,943) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 592.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 592.96 Td (45,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 579.76 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 577.96 Td (83,505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 577.96 Td (\(4,803) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 577.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 577.96 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 564.76 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 562.96 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 562.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 562.96 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 549.76 Td (Net income \(loss\) available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 547.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 547.96 Td (73,990) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 547.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 547.96 Td (\(4,803) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 547.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 547.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 547.96 Td (69,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 519.76 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 517.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 517.96 Td (3,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 517.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 517.96 Td (13,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 517.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 517.96 Td (17,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 504.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 504.76 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 502.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 502.96 Td (9,303,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 502.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 502.96 Td (79,271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 502.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 502.96 Td (9,382,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 489.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 489.76 Td (otal deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 487.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 487.96 Td (6,846,980) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 487.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 487.96 Td (456,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 487.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 487.96 Td (7,303,775) Tj 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Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 402.75 Td (BankMobile) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.85 402.75 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 389.76 Td (Interest income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 128.98 393.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 387.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 387.96 Td (243,404) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 387.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 387.96 Td (6,446) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 464.10 392.60 Td (\(1) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 469.00 392.60 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 387.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 387.96 Td (249,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 374.76 Td (Interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 372.96 Td (53,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 372.96 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 372.96 Td (53,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 359.76 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 357.96 Td (189,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 357.96 Td (6,422) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 357.96 Td (196,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 344.76 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 342.96 Td (20,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 342.96 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 342.96 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 329.76 Td (Non-interest income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 327.96 Td (27,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 327.96 Td (144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 327.96 Td (27,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 314.76 Td (Non-interest expense ) Tj ET Q BT 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rg BT 335.25 267.96 Td (59,089) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 267.96 Td (\(506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 267.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 267.96 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 254.76 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 252.96 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 252.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 252.96 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 239.76 Td (Net income \(loss\) available to common) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 230.76 Td (shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 231.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 231.96 Td (56,596) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 231.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 231.96 Td (\(506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 231.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 231.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 231.96 Td (56,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 203.76 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 201.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 201.96 Td (3,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 201.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 201.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 201.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 201.96 Td (3,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 188.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 188.76 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 186.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 186.96 Td (8,395,525) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 186.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 186.96 Td (2,680) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 186.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 186.96 Td (8,398,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 173.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 173.76 Td (otal deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 171.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 171.96 Td (5,662,433) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 171.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.75 171.96 Td (247,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 171.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 171.96 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 145.20 Td (\(1\) - ) Tj ET Q q 0 0 0 rg BT 67.49 145.20 Td (Amounts reported include funds transfer pricing of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.19 145.20 Td ($6.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.20 145.20 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.64 145.20 Td ($6.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.64 145.20 Td (, respectively) Tj ET Q q 0 0 0 rg BT 408.03 145.20 Td (, for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 145.20 Td (December31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.23 145.20 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 134.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.24 134.45 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.24 134.45 Td ( credited to BankMobile for the value provided to the Community Business Banking segment for the use of low/no cost deposits.) 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0.9333333333333333 1 rg /GS0 gs 461.50 499.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 499.50 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 733.5 m 363.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 733.5 m 373.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 733.5 m 461.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 733.5 m 472.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 733.5 m 560.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 709.5 m 363.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 709.5 m 461.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 709.5 m 560.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 709.5 m 363.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 709.5 m 461.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 709.5 m 560.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 679.5 m 363.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 679.5 m 461.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 679.5 m 560.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 619.5 m 363.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 619.5 m 461.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 619.5 m 560.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 589.5 m 363.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 589.5 m 461.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 589.5 m 560.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 559.5 m 363.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 545.5 m 363.5 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 543.5 m 363.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 559.5 m 461.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 545.5 m 461.5 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 543.5 m 461.5 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 559.5 m 560.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 545.5 m 560.5 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 543.5 m 560.5 543.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.65 737.75 Td (For the Year Ended December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 713.73 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.35 721.75 Td (Community ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.70 713.75 Td (Business Banking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 713.75 Td (BankMobile) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.85 713.75 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 700.76 Td (Interest income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 128.98 704.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 698.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 698.96 Td (186,089) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 698.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 698.96 Td (4,338) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 464.10 703.60 Td (\(1) Tj ET Q BT /F1 5.85 Tf ET q 0 0 0 rg BT 469.00 703.60 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 698.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 698.96 Td (190,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 685.76 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 683.96 Td (38,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 683.96 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 683.96 Td (38,504) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 670.76 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 668.96 Td (147,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 668.96 Td (4,319) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 668.96 Td (151,923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 655.76 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 653.96 Td (14,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 653.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 653.96 Td (14,747) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 640.76 Td (Non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 638.96 Td (25,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 638.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 638.96 Td (25,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 625.76 Td (Non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 623.96 Td (96,788) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 623.96 Td (2,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 623.96 Td (98,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 610.76 Td (Income before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 608.96 Td (61,195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 608.96 Td (2,193) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 608.96 Td (63,388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 595.76 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 593.96 Td (19,340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 593.96 Td (834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 593.96 Td (20,174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 580.76 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 578.96 Td (41,855) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 578.96 Td (1,359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 578.96 Td (43,214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 565.76 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 563.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 563.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 563.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 550.76 Td (Net income available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 548.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 548.96 Td (41,855) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 548.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 548.96 Td (1,359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 548.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 548.96 Td (43,214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 520.76 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 518.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 518.96 Td (3,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 518.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 518.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 518.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 518.96 Td (3,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 505.76 Td (Total assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 503.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 503.96 Td (6,819,354) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 503.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 503.96 Td (2,146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 503.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 503.96 Td (6,821,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 490.76 Td (Total deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 488.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 488.96 Td (4,296,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 488.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.75 488.96 Td (236,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 488.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 488.96 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 462.20 Td (\(1\) - ) Tj ET Q q 0 0 0 rg BT 67.49 462.20 Td (Amounts reported include funds transfer pricing of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.19 462.20 Td ($4.3 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.20 462.20 Td ( for the year ended December31, 2014 credited to BankMobile for the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 451.40 Td (value provided to the Community Business Banking segment for the use of low/no cost deposits.) Tj ET Q endstream endobj 357 0 obj <>] /Rotate 0 /Contents 358 0 R>> endobj 358 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 (177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 26 - SUBSEQUENT) Tj ET Q q 0 0 0 rg BT 166.24 742.25 Td ( EVENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.85 Td (On March 7, 2017, Customers entered into a Purchase and ) Tj ET Q q 0 0 0 rg BT 285.50 712.85 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 335.79 712.85 Td (Agreement \(the Purchase ) Tj ET Q q 0 0 0 rg BT 443.25 712.85 Td (Agreement\) with Flagship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.85 Td (Community Bank \(Flagship\). Subject to the terms and conditions of the Purchase ) Tj ET Q q 0 0 0 rg BT 388.28 700.85 Td (Agreement, Customers will sell to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.85 Td (Flagship the assets, and Flagship will assume from Customers the liabilities, of the BankMobile division of Customers Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.85 Td (The purchase price to be paid by Flagship to Customers is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.68 676.85 Td ($175 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.07 676.85 Td (, which is subject to adjustment as provided in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.85 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 88.05 664.85 Td (Agreement. Customers expects that its net proceeds on the closing of the transaction will be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.71 664.85 Td ($173 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 652.85 Td (, and expects to realize a pre-tax net benefit from this transaction of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.82 652.85 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.21 652.85 Td (, considering the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.85 Td (expected purchase price adjustments, fees, expenses, and the payment of transaction-based compensation of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.85 Td ($24.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 628.85 Td ( to certain Customers) Tj ET Q q 0 0 0 rg BT 191.74 628.85 Td ( employees, pursuant to the terms previously disclosed by Customers in its Current Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.85 Td (on Form 8-K filed December 30, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.85 Td (The transaction has been approved by the respective board of directors of Customers Bancorp, Customers Bank and Flagship. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.85 Td (Certain matters related to the transaction must be approved by the shareholders of Flagship, which will be considered and voted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.85 Td (on at a special meeting of Flagship) Tj ET Q q 0 0 0 rg BT 192.19 568.85 Td (s shareholders to be held not later than May 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.85 Td (Completion of the transaction is subject to certain closing conditions, including \(i\) receipt of required regulatory approvals, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.85 Td (Flagship obtaining financing in an amount not less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.69 532.85 Td ($260 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.08 532.85 Td (, \(iii\) approval by Flagship shareholders of certain matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.85 Td (related to the transaction and \(iv\) certain other customary conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.85 Td (The Purchase ) Tj ET Q q 0 0 0 rg BT 106.09 496.85 Td (Agreement includes customary representations, warranties and covenants of the parties and contains certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.85 Td (termination rights for both Customers and Flagship. ) Tj ET Q q 0 0 0 rg BT 262.30 484.85 Td (The executed Purchase ) Tj ET Q q 0 0 0 rg BT 356.43 484.85 Td (Agreement was included as Exhibit 2.1 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.85 Td (Current Report on Form 8-K filed on March 8, 2017.) Tj ET Q endstream endobj 359 0 obj <>] /Rotate 0 /Contents 360 0 R>> endobj 360 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 (178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.65 742.25 Td (MANAGEMENTS RESPONSIBILITY) Tj ET Q q 0 0 0 rg BT 246.25 742.25 Td ( FOR FINANCIAL) Tj ET Q q 0 0 0 rg BT 328.48 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 342.47 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 348.95 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 399.80 742.25 Td (AND REPOR) Tj ET Q q 0 0 0 rg BT 458.61 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 465.10 742.25 Td ( ON INTERNAL) Tj ET Q q 0 0 0 rg BT 537.34 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.60 730.25 Td (CONTROL) Tj ET Q q 0 0 0 rg BT 254.61 730.25 Td ( OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 344.62 730.25 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 381.77 730.25 Td (TING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 706.25 Td (Management of Customers Bancorp is responsible for the integrity and objectivity of all information presented in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 78.70 694.25 Td (The consolidated financial statements were prepared in conformity with United States generally accepted accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (principles. Management believes that the consolidated financial statements of Customers Bancorp fairly reflect the form and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (substance of transactions and that the financial statements fairly represent Customers Bancorp) Tj ET Q q 0 0 0 rg BT 429.05 670.25 Td (s financial position and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (operations. Management has included in Customers Bancorp) Tj ET Q q 0 0 0 rg BT 296.33 658.25 Td (s financial statements amounts that are based on estimates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (judgments which it believes are reasonable under the circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.25 Td (The independent registered public accounting firm of BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 355.78 622.25 Td ( audits Customers Bancorp) Tj ET Q q 0 0 0 rg BT 466.60 622.25 Td (s consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (statements in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 322.15 610.25 Td (Accounting Oversight Board \(United States\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.25 Td (The Board of Directors of Customers Bancorp has an ) Tj ET Q q 0 0 0 rg BT 289.22 586.25 Td (Audit Committee composed of three independent directors. ) Tj ET Q q 0 0 0 rg BT 528.98 586.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Committee meets periodically with financial management, the internal auditors and the independent registered public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (accounting firm to review accounting, internal control, auditing, corporate governance and financial reporting matters. ) Tj ET Q q 0 0 0 rg BT 525.75 562.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Audit Committee is responsible for the engagement of the independent auditors. ) Tj ET Q q 0 0 0 rg BT 373.08 550.25 Td (The independent auditors and internal auditors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (have access to the ) Tj ET Q q 0 0 0 rg BT 123.86 538.25 Td (Audit Committee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.25 Td (Management of Customers Bancorp is responsible for establishing and maintaining adequate internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (financial reporting, as such term is defined in Exchange ) Tj ET Q q 0 0 0 rg BT 274.93 502.25 Td (Act Rule 13a-15\(f\). Under the supervision and with the participation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (management, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 238.65 490.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 351.20 490.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 369.12 490.25 Td (, we conducted an evaluation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 478.25 Td (fectiveness of our internal control over financial reporting based on the framework in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 401.07 478.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 458.76 478.25 Td (ol Integrated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.32 466.25 Td (issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 299.24 466.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 372.65 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 378.40 466.25 Td (readway Commission. Based on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (evaluation under the framework in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 190.78 454.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 248.47 454.25 Td (ol Integrated Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.06 454.25 Td (, management concluded that our internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 172.54 442.25 Td (fective as of December31, 2016. ) Tj ET Q q 0 0 0 rg BT 307.31 442.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 332.94 442.25 Td (fectiveness of our internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (reporting as of December31, 2016 has been audited by BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 338.83 430.25 Td (, an independent registered public accounting firm, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (stated in their report which is included herein.) Tj ET Q endstream endobj 361 0 obj <>] /Rotate 0 /Contents 362 0 R>> endobj 362 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 (179) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 218.79 742.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 276.56 742.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 344.90 742.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 497.24 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 684.65 Td (Item9A. ) Tj ET Q q 0 0 0 rg BT 122.00 684.65 Td (Contr) Tj ET Q q 0 0 0 rg BT 147.37 684.65 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 190.53 684.65 Td (ocedur) Tj ET Q q 0 0 0 rg BT 219.79 684.65 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 654.65 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 145.18 654.65 Td (e Contr) Tj ET Q q 0 0 0 rg BT 175.09 654.65 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 216.39 654.65 Td (ocedur) Tj ET Q q 0 0 0 rg BT 243.78 654.65 Td (es.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.61 654.65 Td ( ) Tj ET Q q 0 0 0 rg BT 256.93 654.65 Td (W) Tj ET Q q 0 0 0 rg BT 265.57 654.65 Td (e have established disclosure controls and procedures to ensure that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.65 Td (material information relating to us, including our consolidated subsidiaries, is made known to the of) Tj ET Q q 0 0 0 rg BT 449.74 642.65 Td (ficers who certify our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.65 Td (financial reports and to other members of senior management and the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 606.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 606.65 Td (e carried out an evaluation, under the supervision and with the participation of our management, including our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 594.65 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 594.65 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 215.41 594.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 233.32 594.65 Td (, of the design and operating ef) Tj ET Q q 0 0 0 rg BT 357.27 594.65 Td (fectiveness of our disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.65 Td (procedures, as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 193.83 582.65 Td (Act Rule 13a-15. Based upon that evaluation, our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 471.91 582.65 Td (ficer and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.65 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 100.08 570.65 Td (ficer concluded that, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 570.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.73 570.65 Td (, our disclosure controls and procedures are ef) Tj ET Q q 0 0 0 rg BT 468.93 570.65 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.65 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 546.65 Td (s Responsibility for Financial Statements and Report on Internal Control over Financial Reporting are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.65 Td (Part II, Item8, Financial Statements and Supplementary Data, and are incorporated by reference herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.65 Td (Our independent registered public accounting firm, BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 322.72 510.65 Td (, also attested to, and reported on, the ef) Tj ET Q q 0 0 0 rg BT 482.21 510.65 Td (fectiveness of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.65 Td (internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 498.65 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.02 498.65 Td (. BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 385.19 498.65 Td (s attestation report, which appears in Part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.65 Td (II, Item 8, "Financial Statements and Supplementary Data," is incorporated herein by reference.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 456.65 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 155.46 456.65 Td (ol over Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.65 Td (During fourth quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.58 438.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.58 438.65 Td (, there have been no changes in the Bancorp) Tj ET Q q 0 0 0 rg BT 337.68 438.65 Td (s internal control over financial reporting that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.65 Td (materially af) Tj ET Q q 0 0 0 rg BT 100.63 426.65 Td (fected or are reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 285.08 426.65 Td (fect the Bancorp) Tj ET Q q 0 0 0 rg BT 353.94 426.65 Td (s internal control over financial reporting.) Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 50.00 405.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (Item9B. ) Tj ET Q q 0 0 0 rg BT 122.00 393.05 Td (Other) Tj ET Q q 0 0 0 rg BT 147.37 393.05 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.85 Td (None.) Tj ET Q endstream endobj 363 0 obj <>] /Rotate 0 /Contents 364 0 R>> endobj 364 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 (180) 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 2017 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 2017 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 2017 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 2017 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 2017 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 365 0 obj <>] /Rotate 0 /Contents 366 0 R>> endobj 366 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 (181) 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., incorporated by reference to Exhibit 2.3 to the Customers Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 504.32 Td (Form 10-K filed with the SEC on February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 485.32 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 94.00 475.32 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 53.00 456.32 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 456.32 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 94.00 446.32 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 53.00 427.32 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 427.32 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 94.00 417.32 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 53.00 398.32 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 398.32 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 94.00 388.32 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 94.00 378.32 Td (18, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.32 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 359.32 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 94.00 349.32 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 94.00 339.37 Td (January 29, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 322.32 Td (3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 322.32 Td (Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 312.32 Td (incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the SEC on April 28, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.32 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 291.32 Td (Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 281.32 Td (incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the SEC on September 16,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 271.32 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.32 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 249.32 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 94.00 239.32 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 94.00 229.32 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.32 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 210.32 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 94.00 200.32 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 94.00 190.32 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 94.00 180.32 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 53.00 161.32 Td (4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 161.32 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 94.00 151.32 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 53.00 132.32 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 132.32 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 94.00 122.32 Td (National Association, as Trustee, incorporated by reference to Exhibit 4.1 to the Customers Bancorp Form 8-K filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 112.32 Td (with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 93.32 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 93.32 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 83.32 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 73.32 Td (Bancorp Form 8-K filed with the SEC on July31, 2013) Tj ET Q endstream endobj 367 0 obj <>] /Rotate 0 /Contents 368 0 R>> endobj 368 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 (182) 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 (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 718.07 Td (6.375% Global Note in aggregate principal amount of $55,000,000, incorporated by reference to Exhibit 4.3 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 708.07 Td (Customers Bancorp Form 8-K filed with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 689.07 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 689.07 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 94.00 679.07 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 94.00 669.07 Td (Customers Bancorp Form 8-K filed with the SEC on August29, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.07 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 650.07 Td (6.375% Global Note in aggregate principal amount of $8,250,000, incorporated by reference to Exhibit 4.2 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 640.07 Td (Customers Bancorp Form 8-K filed with the SEC on August29, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.07 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 620.17 Td (Form of Note Subscription Agreement \(including form of Subordinated Note Certificate and Senior Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 610.17 Td (Certificate\) incorporated by reference to Exhibit 10.1 to the Customers Bancorp Form 8-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 600.17 Td (June 26, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.07 Td (10.1+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 582.07 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 94.00 572.07 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 53.00 553.07 Td (10.2+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 553.07 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 94.00 543.07 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 53.00 524.07 Td (10.3+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 524.07 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 94.00 514.07 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 94.00 504.07 Td (SEC on March28, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.07 Td (10.4+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 485.07 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 94.00 475.07 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 94.00 465.07 Td (SEC on March28, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.07 Td (10.5+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 446.07 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 94.00 436.07 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 94.00 426.07 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.07 Td (10.6+) 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 Employees relating to the 2012 Special Stock Reward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 397.07 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 94.00 387.07 Td (May1, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 368.07 Td (10.7+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 368.07 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 94.00 358.07 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 53.00 339.07 Td (10.8+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 339.07 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 94.00 329.07 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 53.00 310.07 Td (10.9+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 310.07 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 94.00 300.07 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 94.00 290.07 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.07 Td (10.10+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 271.07 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 94.00 261.07 Td (filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.07 Td (10.11+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 242.07 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 94.00 232.07 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 53.00 213.07 Td (10.12+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 213.07 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 94.00 203.07 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 94.00 193.07 Td (March18, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 174.07 Td (10.13+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 174.07 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 94.00 164.07 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 94.00 154.07 Td (March18, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 135.07 Td (10.14+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 135.07 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 94.00 125.07 Td (Keiser, incorporated by reference to Exhibit 10.14 to the Customers Bancorp Form 10-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 115.07 Td (February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 96.07 Td (10.15+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 96.07 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 86.07 Td (Wahlman, incorporated by reference to Exhibit 10.15 to the Customers Bancorp Form 10-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 76.07 Td (February 26, 2016) Tj ET Q endstream endobj 369 0 obj <>] /Rotate 0 /Contents 370 0 R>> endobj 370 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 (183) 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 (10.16+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 717.07 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 94.00 707.07 Td (incorporated by reference to Exhibit 10.16 to the Customers Bancorp Form 10-K filed with the SEC on February) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 697.07 Td (26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.07 Td (10.17+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 677.07 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 94.00 667.07 Td (and Steven Issa, incorporated by reference to Exhibit 10.17 to the Customers Bancorp Form 10-K filed with the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 657.07 Td (SEC on February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 637.07 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 637.07 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 94.00 627.07 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 94.00 617.07 Td (the Customers Bancorp Form 8-K filed with the SEC on April10, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.07 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 595.07 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 94.00 585.07 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 94.00 575.07 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 53.00 555.07 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 555.07 Td (Termination of At Market Issuance Sales Agreement dated as of January 20, 2016, incorporated by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 545.07 Td (Exhibit 10.20 to the Customers Bancorp Form 10-K filed with the SEC on February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.07 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 525.07 Td (Transition Services Agreement dated as of June 15, 2016 by and among Customers Bancorp, Customers Bank,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 515.07 Td (Higher One, Inc. and Higher One Holdings, Inc., incorporated by reference to Exhibit 10.1 to the Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 505.07 Td (Bancorps Form 8-K filed with the SEC on June 16, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.07 Td (10.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 485.07 Td (At Market Issuance Sales Agreement dated as of August 11, 2016, by and among Customers Bancorp, FBR Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 475.07 Td (Markets & Co., Keefe, Bruyette & Woods, Inc. and Maxim Group LLC., incorporated by reference to Exhibit 10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 465.07 Td (to the Customers Bancorp Form 8-K filed with the SEC on August 11, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 445.07 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 445.07 Td (Order to Cease and Desist and Order of Assessment of Civil Money Penalty Issued Upon Consent Dated December) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 435.07 Td (6, 2016, incorporated by reference to Exhibit 10.2 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 94.00 425.07 Td (December 7, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.07 Td (10.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 405.07 Td (Amended and Restated Employment Agreement, dated as of December 30, 2016, by and between Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 395.07 Td (Bancorp, Inc. and Richard Ehst, incorporated by reference to Exhibit 10.2 to the Customers Bancorp Form 8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 385.07 Td (filed with the SEC on December 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 365.07 Td (10.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 365.07 Td (Amended and Restated Employment Agreement, dated as of December 30, 2016, by and between Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 355.07 Td (Bancorp, Inc. and Jay S. Sidhu. incorporated by reference to Exhibit 10.1 to the Customers Bancorp Form 8-K filed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 345.07 Td (with the SEC on December 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.07 Td (10.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 325.07 Td (Letter Agreement, dated as of December 30, 2016, by and between Customers Bancorp, Inc. and Jay S. Sidhu.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 315.07 Td (incorporated by reference to Exhibit 10.3 to the Customers Bancorp Form 8-K filed with the SEC on December 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 305.07 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 285.07 Td (21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 285.07 Td (List of Subsidiaries of Customers Bancorp, Inc.) 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Section 1350, as Adopted Pursuant to Section) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 199.07 Td (906 of the Sarbanes-Oxley Act of 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 180.07 Td (32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 180.07 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 94.00 170.07 Td (of the Sarbanes-Oxley Act of 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 151.07 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 151.07 Td (Interactive Data Files regarding \(a\) Balance Sheets as of December31, 2016 and 2015, \(b\) Statements of Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 141.07 Td (for the years ended December31, 2016, 2015 and 2014, \(c\) Statements of Comprehensive Income for the years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 131.07 Td (ended December31, 2016, 2015 and 2014, \(d\) Statements of Cash Flows for the years ended December31, 2016,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 121.07 Td (2015 and 2014, \(e\) Statements of Changes in Shareholders Equity for the years ended December31, 2016, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 111.07 Td (and 2014 and \(f\) Notes to Financial Statements for the years ended December31, 2016, 2015 and 2014.) 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