{"id":749667,"date":"2023-04-20T10:46:25","date_gmt":"2023-04-20T14:46:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\/"},"modified":"2023-04-20T10:46:25","modified_gmt":"2023-04-20T14:46:25","slug":"westamerica-bancorporation-reports-first-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\/","title":{"rendered":"Westamerica Bancorporation Reports First Quarter 2023 Financial Results"},"content":{"rendered":"
\n

SAN RAFAEL, Calif., April 20, 2023 (GLOBE NEWSWIRE) — Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2023 of $40.5 million and diluted earnings per common share (“EPS”) of $1.51. First quarter 2023 results include a provision for credit losses reversal of $1.6 million, which increased EPS $0.04. These results compare to net income for fourth quarter 2022 of $39.3 million and EPS of $1.46.<\/p>\n

“Westamerica\u2019s first quarter 2023 results benefited from the Company\u2019s valuable low-cost deposit base; the cost of funding our loan and bond portfolios was 0.03 percent in the first quarter 2023, unchanged from the prior quarter. Non-interest bearing deposits represented 47 percent of average deposits in the first quarter 2023 while higher-cost time deposits represented only 2 percent of average deposits. The first quarter 2023 also benefited from higher yields on variable-rate assets. Operating expenses were well controlled and credit quality remained stable with nonperforming assets of $785 thousand at March 31, 2023,\u201d said Chairman, President and CEO David Payne. \u201cFirst quarter 2023 results generated an annualized 19.1 percent return on average common equity. Shareholders were paid a $0.42 per common share dividend during the first quarter 2023,\u201d concluded Payne.<\/p>\n

Net interest income on a fully-taxable equivalent (FTE) basis was $69.6 million for the first quarter 2023, compared to $69.2 million for the fourth quarter 2022. The yield earned on loans, bonds and cash for the first quarter 2023 was 4.21 percent, up from 3.98 percent for the fourth quarter 2022. The cost of funding the loan and bond portfolios was 0.03 percent for both the first quarter 2023 and fourth quarter 2022.<\/p>\n

The Company recognized a $1.6 million provision for credit losses reversal in the first quarter 2023 as a result of a $2.2 million recovery on a previously charged-off commercial loan.<\/p>\n

Variable rate assets at March 31, 2023 included $1.5 billion in collateralized loan obligations for which interest rates reset quarterly.<\/p>\n

Noninterest income for the first quarter 2023 totaled $10.5 million unchanged from the fourth quarter 2022.<\/p>\n

Noninterest expenses for the first quarter 2023 were $26.2 million compared to $25.1 million for the fourth quarter 2022; the increase in noninterest expenses is primarily due to an increase in seasonal payroll taxes and increased FDIC insurance assessments for all insured depository institutions.<\/p>\n

Westamerica Bancorporation\u2019s wholly owned subsidiary Westamerica Bank, operates commercial banking and trust offices throughout Northern and Central California.<\/p>\n

\n Westamerica Bancorporation Web Address: <\/em>
\n
\n www.westamerica.com<\/em>
\n <\/a>\n <\/p>\n

For additional information contact:<\/p>\n

Westamerica Bancorporation
1108 Fifth Avenue, San Rafael, CA 94901
Robert A. Thorson \u2013 SVP & Chief Financial Officer
707-863-6840
investments@westamerica.com<\/p>\n

\n FORWARD-LOOKING INFORMATION:<\/u>\n <\/p>\n

The following appears in accordance with the Private Securities Litigation Reform Act of 1995:<\/p>\n

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.”<\/p>\n

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors \u2014 many of which are beyond the Company’s control \u2014 could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company’s most recent reports filed with the Securities and Exchange Commission, including the annual report for the year ended December 31, 2022 filed on Form 10-K and quarterly report for the quarter ended September 30, 2022 filed on Form 10-Q, describe some of these factors, including certain credit, interest rate, operational, liquidity and market risks associated with the Company’s business and operations. Other factors described in these reports include changes in business and economic conditions, competition, fiscal and monetary policies, disintermediation, cyber security risks, legislation including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.<\/p>\n

Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n WESTAMERICA BANCORPORATION<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n FINANCIAL HIGHLIGHTS<\/strong>
\n <\/u>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n March 31, 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 1. Net Income Summary.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (in thousands except per-share amounts)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest and Fee Income (FTE)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 69,562<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 43,807<\/strong>\n <\/td>\n\u00a0<\/td>\n58.8<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 69,155<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Reversal of Provision for Credit Losses (2)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (1,550<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Noninterest Income (1)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 10,549<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,576<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 10,463<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Noninterest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,210<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 24,875<\/strong>\n <\/td>\n\u00a0<\/td>\n5.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 25,090<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Income Before Taxes (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 55,451<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 30,508<\/strong>\n <\/td>\n\u00a0<\/td>\n81.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 54,528<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Income Tax Provision (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 15,000<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,892<\/strong>\n <\/td>\n\u00a0<\/td>\n90.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 15,184<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 40,451<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 22,616<\/strong>\n <\/td>\n\u00a0<\/td>\n78.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 39,344<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average Common Shares Outstanding<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,859<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,870<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 26,912<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Diluted Average Common Shares Outstanding<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,866<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,885<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 26,924<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Operating Ratios:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Basic Earnings Per Common Share<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 1.51<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.84<\/strong>\n <\/td>\n\u00a0<\/td>\n79.8<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 1.46<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Diluted Earnings Per Common Share<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.51<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.84<\/strong>\n <\/td>\n\u00a0<\/td>\n79.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1.46<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Return On Assets (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.31<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.24<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2.12<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Return On Common Equity (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 19.1<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 11.8<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 18.6<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest Margin (FTE) (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.18<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.51<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3.95<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Efficiency Ratio (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 32.7<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 44.9<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 31.5<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Dividends Paid Per Common Share<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 0.42<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.42<\/strong>\n <\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.42<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Common Dividend Payout Ratio <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 28<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 50<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 29<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 2. Net Interest Income.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest and Fee Income (FTE)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 70,033<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 44,287<\/strong>\n <\/td>\n\u00a0<\/td>\n58.1<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 69,630<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 471<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 480<\/strong>\n <\/td>\n\u00a0<\/td>\n-1.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 475<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest and Fee Income (FTE)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 69,562<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 43,807<\/strong>\n <\/td>\n\u00a0<\/td>\n58.8<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 69,155<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average Earning Assets<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 6,665,156<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,998,234<\/strong>\n <\/td>\n\u00a0<\/td>\n-4.8<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,930,584<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average Interest- Bearing Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,287,158<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,546,146<\/strong>\n <\/td>\n\u00a0<\/td>\n-7.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 3,412,189<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Yield on Earning Assets (FTE) (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.21<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.54<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3.98<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Cost of Funds (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest Margin (FTE) (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.18<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.51<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3.95<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest Expense\/<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0Interest-Bearing Liabilities (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.05<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest Spread (FTE) (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.15<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.49<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3.92<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 3. Loans & Other Earning Assets.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (average volume, dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Assets<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 7,112,317<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,406,321<\/strong>\n <\/td>\n\u00a0<\/td>\n-4.0<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,353,270<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Earning Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6,665,156<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,998,234<\/strong>\n <\/td>\n\u00a0<\/td>\n-4.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 6,930,584<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 945,864<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,029,724<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 964,287<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Commercial Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 165,360<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 207,901<\/strong>\n <\/td>\n\u00a0<\/td>\n-20.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 173,527<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Commercial Real Estate Loans <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 493,132<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 524,040<\/strong>\n <\/td>\n\u00a0<\/td>\n-5.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 492,549<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Consumer Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 287,372<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 297,783<\/strong>\n <\/td>\n\u00a0<\/td>\n-3.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 298,211<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Investment Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5,548,780<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,947,846<\/strong>\n <\/td>\n\u00a0<\/td>\n12.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 5,694,280<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Debt Securities Available for Sale<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4,636,098<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,655,983<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 4,767,459<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Debt Securities Held to Maturity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 912,682<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 291,863<\/strong>\n <\/td>\n\u00a0<\/td>\n212.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 926,821<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Interest-Bearing Cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 170,512<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,020,664<\/strong>\n <\/td>\n\u00a0<\/td>\n-83.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 272,017<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Loans\/Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 15.6<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 16.1<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 15.2<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 4. Deposits, Other Interest-Bearing Liabilities & Equity.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (average volume, dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Deposits<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 6,061,923<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,393,458<\/strong>\n <\/td>\n\u00a0<\/td>\n-5.2<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,349,401<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Noninterest Demand <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,851,600<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,005,065<\/strong>\n <\/td>\n\u00a0<\/td>\n-5.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 3,010,806<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Interest-Bearing Transaction<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,233,439<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,265,100<\/strong>\n <\/td>\n\u00a0<\/td>\n-2.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,287,304<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Savings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,847,428<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,980,092<\/strong>\n <\/td>\n\u00a0<\/td>\n-6.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,917,370<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Time greater than $100K<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 57,630<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 64,172<\/strong>\n <\/td>\n\u00a0<\/td>\n-10.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 59,720<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Time less than $100K<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 71,826<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 79,029<\/strong>\n <\/td>\n\u00a0<\/td>\n-9.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 74,201<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Short-Term Borrowings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 76,835<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 157,753<\/strong>\n <\/td>\n\u00a0<\/td>\n-51.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 73,594<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Shareholders’ Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 858,473<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 776,225<\/strong>\n <\/td>\n\u00a0<\/td>\n10.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 837,499<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Demand Deposits\/ Total Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 47.0<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 47.0<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 47.4<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Transaction & Savings Deposits \/ Total Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 97.9<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 97.8<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 97.9<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 5. Interest Yields Earned & Rates Paid.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Average<\/strong>\n <\/td>\n\n Income\/<\/strong>\n <\/td>\n\n Yield (a) \/<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Volume<\/strong>\n <\/td>\n\n Expense<\/strong>\n <\/td>\n\n Rate (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest & Fee Income Earned:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Earning Assets (FTE)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 6,665,156<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 70,033<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.21<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Loans (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 945,864<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,834<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5.07<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Commercial Loans (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 165,360<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,760<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6.77<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Commercial Real Estate Loans <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 493,132<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 5,627<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.63<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Consumer Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 287,372<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,447<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.86<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Investments (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5,548,780<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 56,257<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Total Debt Securities Available for Sale (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4,636,098<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 47,114<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Corporate Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,350,403<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 16,446<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.80<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Collateralized Loan Obligations<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,577,260<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 25,006<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6.34<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 304,863<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,865<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.45<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Securities of U.S. Government sponsored entities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 306,441<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,777<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3.62<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obligations of States and Political Subdivisions (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 83,914<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 637<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3.04<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Other Debt Securities Available for Sale (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 13,217<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 383<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 11.59<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Total Debt Securities Held to Maturity (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 912,682<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 9,143<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.01<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 101,911<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 547<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.15<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Corporate Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 722,452<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,815<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.33<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obligations of States and Political Subdivisions (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 88,319<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 781<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3.54<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Interest-Bearing Cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 170,512<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,942<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.56<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest Expense Paid:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Earning Assets <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6,665,156<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 471<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Interest-Bearing Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,287,158<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 471<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Interest-Bearing Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,210,323<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 458<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Interest-Bearing Transaction<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,233,439<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 94<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Savings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,847,428<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 280<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Time less than $100K<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 71,826<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 50<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.28<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Time greater than $100K<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 57,630<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 34<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.24<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Short-Term Borrowings <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 76,835<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.07<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest Income and <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Margin (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 69,562<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.18<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Average<\/strong>\n <\/td>\n\n Income\/<\/strong>\n <\/td>\n\n Yield (a) \/<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Volume<\/strong>\n <\/td>\n\n Expense<\/strong>\n <\/td>\n\n Rate (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest & Fee Income Earned:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Earning Assets (FTE)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 6,998,234<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 44,287<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.54<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Loans (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,029,724<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13,038<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5.14<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Commercial Loans (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 207,901<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,843<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5.55<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Commercial Real Estate Loans <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 524,040<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,731<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5.21<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Consumer Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 297,783<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,464<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4.72<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Investments (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4,947,846<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 30,770<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.49<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Total Debt Securities Available for Sale (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4,655,983<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 28,862<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.48<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Corporate Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,701,476<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 18,488<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.74<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Collateralized Loan Obligations<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,464,266<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,045<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.92<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 385,900<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,256<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.34<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obligations of States and Political Subdivisions (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 89,998<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 694<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3.08<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Other Debt Securities Available for Sale (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 14,343<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 379<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 10.56<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Total Debt Securities Held to Maturity (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 291,863<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,908<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.61<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 141,733<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 646<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.82<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obligations of States and Political Subdivisions (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 150,130<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,262<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3.36<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Interest-Bearing Cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,020,664<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 479<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.19<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest Expense Paid:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Earning Assets <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6,998,234<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 480<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Interest-Bearing Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,546,146<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 480<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.05<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Interest-Bearing Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,388,393<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 452<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.05<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Interest-Bearing Transaction<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,265,100<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 88<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Savings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,980,092<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 283<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Time less than $100K<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 79,029<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 40<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.21<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Time greater than $100K<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 64,172<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 41<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.26<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Short-Term Borrowings <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 157,753<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 28<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.07<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest Income and<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Margin (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 43,807<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.51<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 6. Noninterest Income.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands except per-share amounts)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Service Charges on Deposit Accounts<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 3,465<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,582<\/strong>\n <\/td>\n\u00a0<\/td>\n-3.3<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,484<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Merchant Processing Services<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,637<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,623<\/strong>\n <\/td>\n\u00a0<\/td>\n0.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 2,701<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debit Card Fees (1)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,642<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,872<\/strong>\n <\/td>\n\u00a0<\/td>\n-42.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,704<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Trust Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 765<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 843<\/strong>\n <\/td>\n\u00a0<\/td>\n-9.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 754<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ATM Processing Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 654<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 451<\/strong>\n <\/td>\n\u00a0<\/td>\n45.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 646<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Other Service Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 399<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 449<\/strong>\n <\/td>\n\u00a0<\/td>\n-11.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 416<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Financial Services Commissions<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 89<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 117<\/strong>\n <\/td>\n\u00a0<\/td>\n-23.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 103<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Other Noninterest Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 898<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 639<\/strong>\n <\/td>\n\u00a0<\/td>\n40.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 655<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Noninterest Income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 10,549<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 11,576<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 10,463<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Operating Ratios:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Revenue (FTE)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 80,111<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 55,383<\/strong>\n <\/td>\n\u00a0<\/td>\n44.6<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 79,618<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Noninterest Income\/Revenue (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 13.2<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 20.9<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13.1<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Service Charges\/Avg. Deposits (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.23<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.23<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.22<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Revenue (FTE) Per Avg. <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Common Share (a)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 12.10<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 8.36<\/strong>\n <\/td>\n\u00a0<\/td>\n44.8<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 11.74<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 7. Noninterest Expense.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Salaries & Benefits<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 12,067<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 11,920<\/strong>\n <\/td>\n\u00a0<\/td>\n1.2<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 11,482<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Occupancy and Equipment<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5,485<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,746<\/strong>\n <\/td>\n\u00a0<\/td>\n15.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 5,218<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Outsourced Data Processing<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,444<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,437<\/strong>\n <\/td>\n\u00a0<\/td>\n0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 2,390<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Limited Partnership Operating Losses<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,434<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,431<\/strong>\n <\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,431<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Professional Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 476<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 736<\/strong>\n <\/td>\n\u00a0<\/td>\n-35.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 574<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Courier Service<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 615<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 582<\/strong>\n <\/td>\n\u00a0<\/td>\n5.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 700<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Other Noninterest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,689<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,023<\/strong>\n <\/td>\n\u00a0<\/td>\n22.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 3,295<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Noninterest Expense<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 26,210<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 24,875<\/strong>\n <\/td>\n\u00a0<\/td>\n5.4<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 25,090<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Operating Ratios:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Noninterest Expense\/ Avg. Earning Assets (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.59<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.44<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1.44<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Noninterest Expense\/Revenues (FTE)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 32.7<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 44.9<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 31.5<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 8. Allowance for Credit Losses.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average Total Loans<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 945,864<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,029,724<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.1<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 964,287<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Beginning of Period Allowance for<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Credit Losses on Loans (ACLL)<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 20,284<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 23,514<\/strong>\n <\/td>\n\u00a0<\/td>\n-13.7<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 21,218<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (Reversal of) Provision for Credit Losses (2) <\/strong>\n <\/td>\n\u00a0<\/td>\n\n (1,550<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net ACLL Recoveries (Losses)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 775<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (589<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (940<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n End of Period ACLL<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 19,509<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 22,925<\/strong>\n <\/td>\n\u00a0<\/td>\n-14.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 20,284<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Gross ACLL Recoveries \/ Gross ACLL Losses <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 138<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 51<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 44<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net ACLL (Recoveries) Losses \/<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Avg. Total Loans (a)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n -0.33<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.23<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.39<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 3\/31\/23<\/strong>\n <\/td>\n\n 3\/31\/22<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n 12\/31\/22<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Allowance for Credit Losses on Loans<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 19,509<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 22,925<\/strong>\n <\/td>\n\u00a0<\/td>\n-14.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 20,284<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Allowance for Credit Losses on<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Held to Maturity Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7<\/strong>\n <\/td>\n\u00a0<\/td>\n-85.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Allowance for Credit Losses<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 19,510<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 22,932<\/strong>\n <\/td>\n\u00a0<\/td>\n-14.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 20,285<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Allowance for Unfunded<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Credit Commitments<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 201<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 201<\/strong>\n <\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 201<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 9. Credit Quality.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 3\/31\/23<\/strong>\n <\/td>\n\n 3\/31\/22<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n 12\/31\/22<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Nonperforming Loans:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0Nonperforming Nonaccrual Loans<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 207<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 63<\/strong>\n <\/td>\n\u00a0<\/td>\n228.6<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 146<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0Performing Nonaccrual Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 7<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 421<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Nonaccrual Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 214<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 484<\/strong>\n <\/td>\n\u00a0<\/td>\n-55.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 146<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 90+ Days Past Due Accruing Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 571<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 431<\/strong>\n <\/td>\n\u00a0<\/td>\n32.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 628<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0Total Nonperforming Loans<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 785<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 915<\/strong>\n <\/td>\n\u00a0<\/td>\n-14.2<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 774<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Loans Outstanding <\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 938,628<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,002,514<\/strong>\n <\/td>\n\u00a0<\/td>\n-6.4<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 958,488<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Assets <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6,700,471<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,306,417<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 6,950,317<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Loans:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Allowance for Credit Losses on Loans<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 19,509<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 22,925<\/strong>\n <\/td>\n\u00a0<\/td>\n-14.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 20,284<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Allowance for Credit Losses on Loans \/\u00a0Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.08<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2.29<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2.12<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Nonperforming Loans\/Total Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.08<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.09<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.08<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 10. Liquidity.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n At March 31, 2023, the Company had $195,202 thousand in cash balances. During the twelve months ending March\u00a031, 2024, the Company expects to receive $337,000 thousand in principal payments from its debt securities. If\u00a0additional operational liquidity is required, the Company can pledge debt securities as collateral for borrowing\u00a0purposes; at March 31, 2023, the Company\u2019s debt securities which qualify as collateral for borrowing totaled\u00a0$4,107,153 thousand. In the ordinary course of business, the Company pledges debt securities as collateral for\u00a0certain depository customers; at March 31, 2023, the Company had pledged $686,533 thousand in debt securities for\u00a0depository customers. In the ordinary course of business, the Company pledges debt securities as collateral for\u00a0borrowing from the Federal Reserve Bank; at March 31, 2023, the Company\u2019s had pledged $670,649 thousand in debt\u00a0securities at the Federal Reserve Bank. During the three months ended March 31, 2023, the Company\u2019s average\u00a0borrowings from the Federal Reserve Bank and other correspondent banks were $1 thousand, and at March 31, 2023,\u00a0the Company\u2019s borrowings from the Federal Reserve Bank and other correspondent banks were $-0- thousand. At\u00a0March 31, 2023, the Company\u2019s unpledged collateral qualifying debt securities totaled $2,574,254 thousand.\u00a0The following schedule is shown in market value unless otherwise noted.<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3\/31\/23<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debt Securities Eligible as Collateral:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Corporate Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>
\n 2,715,376<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Collateralized Loan Obligations rated AAA<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 525,666<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Obligations of States and Political Subdivisions<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 170,268<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 369,010<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Securities of U.S. Government Sponsored Entities (Par Value)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 326,833<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Debt Securities Eligible as Collateral<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>
\n 4,107,153<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debt Securities Pledged as Collateral:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Public funds<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n ($<\/strong>
\n 686,533<\/strong>\n <\/td>\n		\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Short-term borrowed funds (Deposit Sweep)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (169,352<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Other<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (6,365<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Debt Securities Pledged as Collateral<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n ($<\/strong>
\n 862,250<\/strong>\n <\/td>\n		\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debt Securities Pledged at the Federal Reserve Bank<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n ($<\/strong>
\n 670,649<\/strong>\n <\/td>\n		\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debt Securities Available to Pledge<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>
\n 2,574,254<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 11. Capital.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (in thousands, except per-share amounts)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 3\/31\/23<\/strong>\n <\/td>\n\n 3\/31\/22<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n 12\/31\/22<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Shareholders’ Equity<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 642,925<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 701,744<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.4<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 602,110<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6,700,471<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,306,417<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 6,950,317<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Shareholders’ Equity\/<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0Total Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.60<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 9.60<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 8.66<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Shareholders’ Equity\/<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0Total Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 68.50<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 70.00<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 62.82<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Tangible Common Equity Ratio<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 7.92<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 8.06<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7.03<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Common Shares Outstanding<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,648<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,883<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 26,913<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Common Equity Per Share<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 24.13<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 26.10<\/strong>\n <\/td>\n\u00a0<\/td>\n-7.6<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 22.37<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Market Value Per Common Share<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 44.30<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 60.50<\/strong>\n <\/td>\n\u00a0<\/td>\n-26.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 59.01<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (shares in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Share Repurchase Programs:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Shares Repurchased \/ Canceled<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 274<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Average Repurchase Price<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 50.11<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 58.66<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Net Shares Repurchased (Issued)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 265<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (17<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (2<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 12. Period-End Balance Sheets.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (unaudited, dollars in thousands)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 3\/31\/23<\/strong>\n <\/td>\n\n 3\/31\/22<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n 12\/31\/22<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Assets:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Cash and Due from Banks<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 195,202<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1,037,593<\/strong>\n <\/td>\n\u00a0<\/td>\n-81.2<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 294,236<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Debt Securities Available for Sale<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Corporate Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,019,240<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,547,118<\/strong>\n <\/td>\n\u00a0<\/td>\n-20.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 2,099,955<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Collateralized Loan Obligations<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,542,377<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,616,584<\/strong>\n <\/td>\n\u00a0<\/td>\n-4.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,572,883<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 276,078<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 363,181<\/strong>\n <\/td>\n\u00a0<\/td>\n-24.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 286,048<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Securities of U.S. Government sponsored entities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 297,140<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 290,853<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Obligations of States and Political Subdivisions<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 82,678<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 89,595<\/strong>\n <\/td>\n\u00a0<\/td>\n-7.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 82,004<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Other Debt Securities Available for Sale<\/strong>\n <\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 110<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Debt Securities Available for Sale<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 4,217,513<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,616,588<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 4,331,743<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Debt Securities Held to Maturity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Agency Mortgage Backed Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 98,006<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 133,754<\/strong>\n <\/td>\n\u00a0<\/td>\n-26.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 104,852<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Corporate Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 723,553<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 721,854<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Obligations of States and Political Subdivisions (3)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 87,760<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 146,766<\/strong>\n <\/td>\n\u00a0<\/td>\n-40.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 89,207<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Debt Securities Held to Maturity (3)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 909,319<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 280,520<\/strong>\n <\/td>\n\u00a0<\/td>\n224.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 915,913<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 938,628<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,002,514<\/strong>\n <\/td>\n\u00a0<\/td>\n-6.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 958,488<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Allowance For Credit Losses on Loans<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (19,509<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (22,925<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n-14.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n (20,284<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Loans, net<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 919,119<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 979,589<\/strong>\n <\/td>\n\u00a0<\/td>\n-6.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 938,204<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Premises and Equipment, net<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 28,331<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 30,626<\/strong>\n <\/td>\n\u00a0<\/td>\n-7.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 28,819<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Identifiable Intangibles, net<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 523<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 771<\/strong>\n <\/td>\n\u00a0<\/td>\n-32.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 583<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Goodwill <\/strong>\n <\/td>\n\u00a0<\/td>\n\n 121,673<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 121,673<\/strong>\n <\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 121,673<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Other Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 308,791<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 239,057<\/strong>\n <\/td>\n\u00a0<\/td>\n29.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 319,146<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Assets<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 6,700,471<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,306,417<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.3<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,950,317<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Liabilities and Shareholders’ Equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Deposits:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Noninterest-Bearing<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 2,788,992<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 3,000,268<\/strong>\n <\/td>\n\u00a0<\/td>\n-7.0<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 2,947,277<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Interest-Bearing Transaction<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,201,356<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,279,165<\/strong>\n <\/td>\n\u00a0<\/td>\n-6.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,273,143<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Savings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,783,667<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,984,719<\/strong>\n <\/td>\n\u00a0<\/td>\n-10.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,874,115<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Time<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 125,300<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 141,722<\/strong>\n <\/td>\n\u00a0<\/td>\n-11.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 130,755<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Total Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5,899,315<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,405,874<\/strong>\n <\/td>\n\u00a0<\/td>\n-7.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 6,225,290<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Short-Term Borrowed Funds<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 83,088<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 124,442<\/strong>\n <\/td>\n\u00a0<\/td>\n-33.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 57,792<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Other Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 75,143<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 74,357<\/strong>\n <\/td>\n\u00a0<\/td>\n1.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 65,125<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 6,057,546<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,604,673<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 6,348,207<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Shareholders’ Equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Common Equity:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Paid-In Capital<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 471,159<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 472,470<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 475,121<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Accumulated Other<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Comprehensive Loss<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (231,573<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (88,300<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (256,105<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0\u00a0Retained Earnings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 403,339<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 317,574<\/strong>\n <\/td>\n\u00a0<\/td>\n27.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 383,094<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Shareholders’ Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 642,925<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 701,744<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 602,110<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Liabilities and <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0\u00a0Shareholders’ Equity<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 6,700,471<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 7,306,417<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.3<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 6,950,317<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 13. Income Statements.<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n
\n (unaudited, in thousands except per-share amounts)<\/strong>
\n <\/em>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n %<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Q1’2023<\/strong>\n <\/td>\n\n Q1’2022<\/strong>\n <\/td>\n\n Change<\/strong>\n <\/td>\n\n Q4’2022<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest & Fee Income:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Loans<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 11,740<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 12,942<\/strong>\n <\/td>\n\u00a0<\/td>\n-9.3<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 12,201<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Equity Securities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 152<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 128<\/strong>\n <\/td>\n\u00a0<\/td>\n18.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 153<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debt Securities Available for Sale<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 46,810<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 28,566<\/strong>\n <\/td>\n\u00a0<\/td>\n63.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 45,216<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Debt Securities Held to Maturity<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 8,980<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,644<\/strong>\n <\/td>\n\u00a0<\/td>\n446.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 9,061<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest-Bearing Cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,942<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 479<\/strong>\n <\/td>\n\u00a0<\/td>\n305.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 2,567<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Interest & Fee Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 69,624<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 43,759<\/strong>\n <\/td>\n\u00a0<\/td>\n59.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 69,198<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Interest Expense:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Transaction Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 94<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 88<\/strong>\n <\/td>\n\u00a0<\/td>\n6.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 96<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Savings Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 280<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 283<\/strong>\n <\/td>\n\u00a0<\/td>\n-1.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 280<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Time Deposits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 84<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 81<\/strong>\n <\/td>\n\u00a0<\/td>\n3.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 87<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Short-Term Borrowed Funds<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 13<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 28<\/strong>\n <\/td>\n\u00a0<\/td>\n-53.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 12<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Interest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 471<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 480<\/strong>\n <\/td>\n\u00a0<\/td>\n-1.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 475<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Interest Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 69,153<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 43,279<\/strong>\n <\/td>\n\u00a0<\/td>\n59.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 68,723<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Reversal of Provision for Credit Losses (2)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (1,550<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\nn\/m<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n –<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Noninterest Income:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Service Charges on Deposit Accounts<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,465<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,582<\/strong>\n <\/td>\n\u00a0<\/td>\n-3.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 3,484<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Merchant Processing Services<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,637<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,623<\/strong>\n <\/td>\n\u00a0<\/td>\n0.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 2,701<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Debit Card Fees (1)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,642<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,872<\/strong>\n <\/td>\n\u00a0<\/td>\n-42.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,704<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Trust Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 765<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 843<\/strong>\n <\/td>\n\u00a0<\/td>\n-9.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 754<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0ATM Processing Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 654<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 451<\/strong>\n <\/td>\n\u00a0<\/td>\n45.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 646<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Other Service Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 399<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 449<\/strong>\n <\/td>\n\u00a0<\/td>\n-11.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 416<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Financial Services Commissions<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 89<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 117<\/strong>\n <\/td>\n\u00a0<\/td>\n-23.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 103<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Other Noninterest Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 898<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 639<\/strong>\n <\/td>\n\u00a0<\/td>\n40.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 655<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Noninterest Income<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 10,549<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,576<\/strong>\n <\/td>\n\u00a0<\/td>\n-8.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 10,463<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Noninterest Expense:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Salaries and Related Benefits<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 12,067<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,920<\/strong>\n <\/td>\n\u00a0<\/td>\n1.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 11,482<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Occupancy and Equipment<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5,485<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,746<\/strong>\n <\/td>\n\u00a0<\/td>\n15.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 5,218<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Outsourced Data Processing<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2,444<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,437<\/strong>\n <\/td>\n\u00a0<\/td>\n0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 2,390<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Limited Partnership Operating Losses<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1,434<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,431<\/strong>\n <\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1,431<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Professional Fees<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 476<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 736<\/strong>\n <\/td>\n\u00a0<\/td>\n-35.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 574<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Courier Service<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 615<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 582<\/strong>\n <\/td>\n\u00a0<\/td>\n5.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 700<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Other Noninterest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 3,689<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3,023<\/strong>\n <\/td>\n\u00a0<\/td>\n22.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 3,295<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total Noninterest Expense<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,210<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 24,875<\/strong>\n <\/td>\n\u00a0<\/td>\n5.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 25,090<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Income Before Income Taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 55,042<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 29,980<\/strong>\n <\/td>\n\u00a0<\/td>\n83.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 54,096<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Income Tax Provision<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 14,591<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,364<\/strong>\n <\/td>\n\u00a0<\/td>\n98.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 14,752<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Net Income<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 40,451<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 22,616<\/strong>\n <\/td>\n\u00a0<\/td>\n78.9<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 39,344<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Average Common Shares Outstanding<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,859<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,870<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 26,912<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Diluted Average Common Shares Outstanding<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 26,866<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,885<\/strong>\n <\/td>\n\u00a0<\/td>\n-0.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 26,924<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Per Common Share Data:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Basic Earnings<\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 1.51<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.84<\/strong>\n <\/td>\n\u00a0<\/td>\n79.8<\/td>\n%<\/td>\n\n $<\/strong>\n <\/td>\n\n 1.46<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Diluted Earnings<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 1.51<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.84<\/strong>\n <\/td>\n\u00a0<\/td>\n79.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 1.46<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0\u00a0Dividends Paid<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 0.42<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.42<\/strong>\n <\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\n 0.42<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Footnotes and Abbreviations:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (1) The Company received a $1.2 million reconciling payment from a payments network in the first quarter 2022. <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (2) A recovery of a previously charged off loan in the first quarter 2023 resulted in a $1,550 thousand reversal of the allowance for credit loss provision in the first quarter 2023.<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (3) Debt Securities Held To Maturity and Obligations of States and Political Subdivisions are net of related reserve for expected credit losses of $1 thousand at March 31, 2023, December 31, 2022 and $7 thousand at March 31, 2022.<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (FTE) Fully Taxable Equivalent. The Company presents its net interest margin and net interest income on a FTE basis using the current statutory federal tax rate. Management believes the FTE basis is valuable to the reader because the Company\u2019s loan and investment securities portfolios contain a portion of municipal loans and securities that are federally tax exempt. The Company\u2019s tax exempt loans and securities composition may not be similar to that of other banks, therefore in order to reflect the impact of the federally tax exempt loans and securities on the net interest margin and net interest income for comparability with other banks, the Company presents its net interest margin and net interest income on a FTE basis.<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (a) Annualized<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n


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SAN RAFAEL, Calif., April 20, 2023 (GLOBE NEWSWIRE) — Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2023 of $40.5 million and diluted earnings per common share (“EPS”) of $1.51. First quarter 2023 results include a provision for credit losses reversal of $1.6 million, which increased EPS $0.04. These results compare to net income for fourth quarter 2022 of $39.3 million and EPS of $1.46. “Westamerica\u2019s first quarter 2023 results benefited from the Company\u2019s valuable low-cost deposit base; the cost of funding our loan and bond portfolios was 0.03 percent in the first quarter 2023, unchanged from the prior quarter. Non-interest bearing deposits represented 47 percent of average deposits in the first … <\/p>\n

Continue reading “Westamerica Bancorporation Reports First Quarter 2023 Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749667","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWestamerica Bancorporation Reports First Quarter 2023 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westamerica Bancorporation Reports First Quarter 2023 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN RAFAEL, Calif., April 20, 2023 (GLOBE NEWSWIRE) — Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, generated net income for the first quarter 2023 of $40.5 million and diluted earnings per common share (“EPS”) of $1.51. First quarter 2023 results include a provision for credit losses reversal of $1.6 million, which increased EPS $0.04. These results compare to net income for fourth quarter 2022 of $39.3 million and EPS of $1.46. “Westamerica\u2019s first quarter 2023 results benefited from the Company\u2019s valuable low-cost deposit base; the cost of funding our loan and bond portfolios was 0.03 percent in the first quarter 2023, unchanged from the prior quarter. Non-interest bearing deposits represented 47 percent of average deposits in the first … Continue reading "Westamerica Bancorporation Reports First Quarter 2023 Financial Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T14:46:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgxMjMyOSM1NTMxNjEwIzIwMjg3MTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Westamerica Bancorporation Reports First Quarter 2023 Financial Results\",\"datePublished\":\"2023-04-20T14:46:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\\\/\"},\"wordCount\":2342,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgxMjMyOSM1NTMxNjEwIzIwMjg3MTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/westamerica-bancorporation-reports-first-quarter-2023-financial-results\\\/\",\"name\":\"Westamerica Bancorporation Reports First Quarter 2023 Financial Results - 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First quarter 2023 results include a provision for credit losses reversal of $1.6 million, which increased EPS $0.04. These results compare to net income for fourth quarter 2022 of $39.3 million and EPS of $1.46. “Westamerica\u2019s first quarter 2023 results benefited from the Company\u2019s valuable low-cost deposit base; the cost of funding our loan and bond portfolios was 0.03 percent in the first quarter 2023, unchanged from the prior quarter. 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