Document


CEO Commentary
"Our first quarter results reflect continued execution against the priorities we have previously outlined: delivering sustainable performance, strengthening our balance sheet, and returning excess capital to shareholders," said Clint Stein, Chair, CEO & President. "During the quarter, we increased capital returns, reflecting our confidence in earnings durability and ongoing capital generation. We also made further progress optimizing our balance sheet, as commercial loan growth and muted seasonal deposit trends contributed to the profitable remix of assets and liabilities, positioning Columbia for attractive returns over time. At the same time, our credit performance continues to benefit from disciplined underwriting and our diversified, relationship-based loan portfolio that is performing as designed. With these actions, we remain focused on delivering consistent, repeatable performance and creating long‑term value for our shareholders."
Clint Stein, Chair, CEO & President of Columbia Banking System, Inc.


1Q26 HIGHLIGHTS (COMPARED TO 4Q25)

Net Interest Income and NIM			•Net interest income decreased by $33 million from the prior quarter, which included $17 million of net interest income related to premium amortization on acquired time deposits and an accelerated loan repayment that did not repeat in the current quarter. The remaining decrease reflects lower average interest-earning asset balances, partially offset by a more profitable balance sheet mix.
			•Net interest margin was 3.96%, down 10 basis points from the prior quarter, which included an 11-basis point benefit related to premium amortization on acquired time deposits and an accelerated loan repayment, neither of which repeated in the current quarter.

Non-Interest Income and Expense			•Non-interest income decreased by $7 million, due in part to lower swap, syndication, and international banking revenue following strong performance in the prior quarter, as well as an expected slow down in customer activity that is typical for the first quarter.
			•Non-interest expense decreased by $18 million, due to lower merger expense and the realization of acquisition-related cost savings.

Credit Quality			•Net charge-offs were 0.30% of average loans and leases (annualized), compared to 0.25% for the prior quarter.
			•Provision expense was $28 million, compared to $23 million for the prior quarter.
			•Non-performing assets to total assets ratio was 0.40%, compared to 0.30% as of December 31, 2025.

Capital			•Estimated total risk-based capital ratio of 13.3% and estimated common equity tier 1 risk-based capital ratio of 11.5%.
			•Declared a quarterly cash dividend of $0.37 per common share on February 13, 2026, which was paid March 16, 2026.
			•Repurchased $200 million of common stock under our current repurchase plan.

Notable Items			•Our first small business and retail campaign of 2026, which runs through April 30, 2026, has brought nearly $450 million in new deposits to the bank through mid-April and has also been successful in generating new SBA lending relationships.


1Q26 KEY FINANCIAL DATA

PERFORMANCE METRICS	1Q26	4Q25	1Q25
Return on average assets	1.18%	1.27%	0.68%
Return on average common equity	10.00%	10.92%	6.73%
Return on average tangible common equity1	13.88%	15.24%	9.45%
Operating return on average assets1	1.28%	1.44%	1.10%
Operating return on average common equity1	10.89%	12.34%	10.87%
Operating return on average tangible common equity1	15.11%	17.22%	15.26%
Net interest margin	3.96%	4.06%	3.60%
Efficiency ratio	58.03%	57.30%	69.06%
Operating efficiency ratio, as adjusted 1	53.68%	51.39%	55.11%

INCOME STATEMENT ($ in millions, excl. per share data)	1Q26	4Q25	1Q25
Net interest income	$594	$627	$425
Provision for credit losses	$28	$23	$27
Non-interest income	$83	$90	$66
Non-interest expense	$394	$412	$340
Pre-provision net revenue1	$283	$305	$151
Operating pre-provision net revenue1	$306	$342	$211
Earnings per common share - diluted	$0.66	$0.72	$0.41
Operating earnings per common share - diluted1	$0.72	$0.82	$0.67
Dividends paid per share	$0.37	$0.37	$0.36

BALANCE SHEET ($ in millions, excl. per share data)	1Q26	4Q25	1Q25
Total assets	$66,027	$66,832	$51,519
Loans and leases	$47,697	$47,776	$37,616
Deposits	$53,489	$54,211	$42,218
Book value per common share	$26.47	$26.54	$24.93
Tangible book value per common share1	$19.03	$19.11	$17.86

The cost of interest-bearing deposits decreased 4 basis points from the prior quarter to 2.04% for the first quarter of 2026, compared to 2.08% for the fourth quarter of 2025. During the fourth quarter, we recorded a $12 million benefit to interest expense related to the amortization of a premium on acquired time deposits, which favorably impacted the cost of interest-bearing deposits by 12 basis points. The decrease during the first quarter reflects our active management of deposit rates ahead of and following reductions to the federal funds rate, as well as a lower mix of higher-cost brokered deposits. The cost of interest-bearing deposits was 2.02% for the month of March and 1.98% as of March 31, 2026.

Non-interest income was $83 million for the first quarter of 2026, down $7 million from the prior quarter. Quarterly changes in fair value adjustments and mortgage servicing rights ("MSR") hedging activity, which reflect interest rate fluctuations during the quarter, collectively resulted in a net fair value gain of $2 million for the first quarter, unchanged from the fourth quarter, as detailed in our non-GAAP disclosures. Excluding these items, non-interest income was $81 million2 for the first quarter of 2026, down $7 million between periods, due to lower swap, syndication, and international banking revenue following strong performance in the prior quarter, as well as an expected slowdown in customer activity that is typical for the first quarter.

Total consolidated assets were $66.0 billion as of March 31, 2026, compared to $66.8 billion as of December 31, 2025. The decrease reflects balance sheet optimization activity, which includes the reduction of excess cash. Cash and cash equivalents were $2.1 billion as of March 31, 2026, compared to $2.4 billion as of December 31, 2025. Including secured off-balance sheet lines of credit, total available liquidity was $27.1 billion as of March 31, 2026, representing 41% of total assets, 51% of total deposits, and 129% of uninsured deposits. Available-for-sale securities, which are held on balance sheet at fair value, were $10.9 billion as of March 31, 2026, compared to $11.1 billion as of December 31, 2025. The decrease is due to paydowns and a decrease in the fair value of the portfolio, partially offset by the purchase of $208 million of investment securities. Please refer to the Q1 2026 Earnings Presentation for additional details related to our investment securities portfolio and liquidity position.

Gross loans and leases were $47.7 billion as of March 31, 2026, compared to $47.8 billion as of December 31, 2025. The decrease reflects continued expected runoff in below-market-rate transactional loans. Commercial loans, inclusive of owner-occupied commercial real estate, increased by 6% on an annualized basis relative to December 31, 2025, partially offsetting contraction in other portfolios. "Our teams delivered a strong quarter, continuing to generate relationship-based commercial business while successfully supporting customers through a core systems conversion," commented Chris Merrywell, President of Columbia Bank. "Loan origination volume rose 38% from the prior-year quarter, driven by increased customer activity and the addition of bankers from Pacific Premier. Payoff activity also moderated following elevated levels in the latter part of 2025." Please refer to the Q1 2026 Earnings Presentation for additional details related to our loan portfolio, which include underwriting characteristics, the composition of our commercial portfolios, and disclosure related to transactional loans.

Total deposits were $53.5 billion as of March 31, 2026, compared to $54.2 billion as of December 31, 2025. The decrease reflects an intentional reduction in brokered deposits, which declined to $1.6 billion as of March 31, 2026, compared to $2.4 billion as of December 31, 2025. A $110 million increase in customer deposits and the deployment of excess cash contributed to our reduced reliance on wholesale funding sources. "Despite seasonal deposit pressure during the first quarter, our teams' focus on generating new business and strong quarter-end inflows supported growth in customer balances," stated Mr. Merrywell. "We remain focused on deepening customer relationships and strengthening our industry-leading core deposit franchise, while continuing to reduce brokered and non-relationship public deposits." We utilized borrowings, which were $3.4 billion as of March 31, 2026, compared to $3.2 billion as of December 31, 2025, to supplement funding needs. Please refer to the Q1 2026 Earnings Presentation for additional details related to deposit characteristics and flows.

Net charge-offs were 0.30% of average loans and leases (annualized) for the first quarter of 2026, compared to 0.25% for the fourth quarter of 2026. Net charge-offs in the FinPac portfolio were $14 million for the first quarter, unchanged from the fourth quarter. Net charge-offs excluding the FinPac portfolio were $21 million for the first quarter, compared to $16 million for the fourth quarter. Non-performing assets were $264 million, or 0.40% of total assets, as of March 31, 2026, compared to $200 million, or 0.30% of total assets, as of December 31, 2025. The increase in net charge-offs and non-performing assets between periods was driven by an agricultural industry relationship. Please refer to the Q1 2026 Earnings Presentation for additional details related to the allowance for credit losses and other credit trends.

Columbia's book value per common share was $26.47 as of March 31, 2026, compared to $26.54 as of December 31, 2025. During the first quarter, Columbia repurchased 6.5 million common shares under its current repurchase plan at an average price of $30.74. Book value also was impacted by the change in accumulated other comprehensive (loss) income ("AOCI") to $(291) million as of March 31, 2026, compared to $(233) million as of the prior quarter-end. The change in AOCI is due primarily to an increase in the tax-effected net unrealized loss on available-for-sale securities to $260 million as of March 31, 2026, compared to $199 million as of December 31, 2025. Tangible book value per common share3 was $19.03 as of March 31, 2026, compared to $19.11 as of December 31, 2025.

Columbia Banking System, Inc. (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Columbia Bank, an award-winning preeminent regional bank with offices in Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and Washington. Columbia Bank combines the resources, sophistication, and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing. Columbia Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Management. Learn more at www.columbiabankingsystem.com.

This press release includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to various risk factors, including those set forth from time to time in our filings with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and we undertake no obligation to update any such statements. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects," "target," "projects," "outlook," "forecast," "will," "may," "could," "should," "can" and similar references to future periods. In this press release we make forward-looking statements about strategic and growth initiatives and the result of such activity. Risks and uncertainties that could cause results to differ from forward-looking statements we make include, without limitation: current and future economic and market conditions, including the effects of declines in housing and commercial real estate prices, high unemployment rates, renewed inflation and any recession or slowdown in economic growth particularly in the western United States; economic forecast variables that are either materially worse or better than end of quarter projections and deterioration in the economy that could result in increased loan and lease losses, especially those risks associated with concentrations in real estate related loans; risks related to our acquisition of Pacific Premier (the "Transaction"), including, among others, (i) diversion of management’s attention from ongoing business operations and opportunities, (ii) cost savings and any revenue or expense synergies from the Transaction may not be fully realized or may take longer than anticipated to be realized, and (iii) deposit attrition, customer or employee loss, and/or revenue loss as a result of the Transaction; the impact of proposed or imposed tariffs by the U.S. government and retaliatory tariffs proposed or imposed by U.S. trading partners that could have an adverse impact on customers; our ability to effectively manage problem credits; the impact of bank failures or adverse developments at other banks on general investor sentiment regarding the liquidity and stability of banks; changes in interest rates that could significantly reduce net interest income and negatively affect asset yields and valuations and funding sources; changes in the scope and cost of FDIC insurance and other coverage; our ability to successfully implement efficiency and operational excellence initiatives; our ability to successfully develop and market new products and technology; changes in laws or regulations; potential adverse reactions or changes to business or employee relationships; the effect of geopolitical instability, including wars, conflicts and terrorist attacks; and natural disasters and other similar unexpected events outside of our control. We also caution that the amount and timing of any future common stock dividends or repurchases will depend on the earnings, cash requirements and financial condition of Columbia, market conditions, capital requirements, applicable law and regulations (including federal securities laws and federal banking and state regulations), and other factors deemed relevant by Columbia's Board of Directors.


Columbia Banking System, Inc.
Consolidated Statements of Income
(Unaudited)
	Quarter Ended										% Change
($ in millions, shares in thousands)	Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Seq. Quarter		Year over Year
Interest income:
Loans and leases	$	684	$	722	$	619	$	564	$	553	(5)	%	24	%
Interest and dividends on investments:
Taxable	103		102		89		80		69		1	%	49	%
Exempt from federal income tax	12		12		8		7		7		—	%	71	%
Dividends	3		3		4		3		3		—	%	—	%
Temporary investments and interest bearing deposits	14		19		20		16		16		(26)	%	(13)	%
Total interest income	816		858		740		670		648		(5)	%	26	%
Interest expense:
Deposits	184		195		195		180		177		(6)	%	4	%
Securities sold under agreement to repurchase and federal funds purchased	1		1		1		1		1		—	%	—	%
Borrowings	30		27		30		35		36		11	%	(17)	%
Junior and other subordinated debentures	7		8		9		8		9		(13)	%	(22)	%
Total interest expense	222		231		235		224		223		(4)	%	—	%
Net interest income	594		627		505		446		425		(5)	%	40	%
Provision for credit losses	28		23		70		30		27		22	%	4	%
Non-interest income:
Service charges on deposits	20		24		21		20		19		(17)	%	5	%
Card-based fees	15		16		15		14		13		(6)	%	15	%
Financial services and trust revenue	15		15		9		6		5		—	%	200	%
Residential mortgage banking revenue, net	12		7		7		8		9		71	%	33	%
Gain on investment securities, net	—		2		2		—		2		(100)	%	(100)	%
Gain on loan and lease sales, net	1		1		—		—		—		—	%	nm
(Loss) gain on loans held for investment, at fair value	(2)		—		4		—		7		nm		(129)	%
BOLI income	9		9		6		5		5		—	%	80	%
Other income	13		16		13		12		6		(19)	%	117	%
Total non-interest income	83		90		77		65		66		(8)	%	26	%
Non-interest expense:
Salaries and employee benefits	196		201		171		155		145		(2)	%	35	%
Occupancy and equipment, net	66		67		54		47		48		(1)	%	38	%
FDIC assessments	9		4		8		8		8		125	%	13	%
Intangible amortization	41		42		31		26		28		(2)	%	46	%
Merger and restructuring expense	24		39		87		8		14		(38)	%	71	%
Legal settlement	—		—		—		—		55		nm		(100)	%
Other expenses	58		59		42		34		42		(2)	%	38	%
Total non-interest expense	394		412		393		278		340		(4)	%	16	%
Income before provision for income taxes	255		282		119		203		124		(10)	%	106	%
Provision for income taxes	63		67		23		51		37		(6)	%	70	%
Net income	$	192	$	215	$	96	$	152	$	87	(11)	%	121	%

Weighted average basic shares outstanding (in thousands)	290,933		295,376		237,838		209,125		208,800		(2)	%	39	%
Weighted average diluted shares outstanding (in thousands)	292,160		296,760		238,925		209,975		210,023		(2)	%	39	%
Earnings per common share – basic	$	0.66	$	0.72	$	0.40	$	0.73	$	0.41	(8)	%	61	%
Earnings per common share – diluted	$	0.66	$	0.72	$	0.40	$	0.73	$	0.41	(8)	%	61	%

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."


Columbia Banking System, Inc.
Consolidated Balance Sheets
(Unaudited)
											% Change
($ in millions, shares in thousands)	Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Seq. Quarter		Year over Year
Assets:
Cash and due from banks	$	577	$	511	$	535	$	608	$	591	13	%	(2)	%
Interest-bearing cash and temporary investments	1,522		1,869		1,808		1,334		1,481		(19)	%	3	%
Investment securities:
Equity and other, at fair value	124		113		112		93		92		10	%	35	%
Available for sale, at fair value	10,915		11,112		11,013		8,653		8,229		(2)	%	33	%
Held to maturity, at amortized cost	18		18		18		2		2		—	%	nm
Loans held for sale	81		262		340		66		65		(69)	%	25	%
Loans and leases	47,697		47,776		48,462		37,637		37,616		—	%	27	%
Allowance for credit losses on loans and leases	(459)		(466)		(473)		(421)		(421)		(2)	%	9	%
Net loans and leases	47,238		47,310		47,989		37,216		37,195		—	%	27	%
Restricted equity securities	168		159		119		161		125		6	%	34	%
Premises and equipment, net	426		422		416		357		345		1	%	23	%

Goodwill	1,482		1,482		1,481		1,029		1,029		—	%	44	%
Other intangible assets, net	671		712		754		430		456		(6)	%	47	%

Bank-owned life insurance	1,222		1,218		1,199		705		701		—	%	74	%

Other assets	1,583		1,644		1,712		1,247		1,208		(4)	%	31	%
Total assets	$	66,027	$	66,832	$	67,496	$	51,901	$	51,519	(1)	%	28	%
Liabilities:
Deposits
Non-interest-bearing	$	17,635	$	17,419	$	17,810	$	13,220	$	13,414	1	%	31	%
Interest-bearing	35,854		36,792		37,961		28,523		28,804		(3)	%	24	%
Total deposits	53,489		54,211		55,771		41,743		42,218		(1)	%	27	%
Securities sold under agreements to repurchase	162		207		167		191		192		(22)	%	(16)	%
Borrowings	3,400		3,200		2,300		3,350		2,550		6	%	33	%
Junior subordinated debentures, at fair value	333		338		331		323		321		(1)	%	4	%
Junior and other subordinated debentures, at amortized cost	97		97		107		108		108		—	%	(10)	%


Other liabilities	882		939		1,030		844		892		(6)	%	(1)	%
Total liabilities	58,363		58,992		59,706		46,559		46,281		(1)	%	26	%
Shareholders' equity:

Common stock	7,896		8,099		8,189		5,826		5,823		(3)	%	36	%
Retained earnings (accumulated deficit)	59		(26)		(131)		(151)		(227)		nm		nm
Accumulated other comprehensive loss	(291)		(233)		(268)		(333)		(358)		25	%	(19)	%
Total shareholders' equity	7,664		7,840		7,790		5,342		5,238		(2)	%	46	%
Total liabilities and shareholders' equity	$	66,027	$	66,832	$	67,496	$	51,901	$	51,519	(1)	%	28	%

Common shares outstanding at period end (in thousands)	289,530		295,422		299,147		210,213		210,112		(2)	%	38	%

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."


Columbia Banking System, Inc.
Financial Highlights
(Unaudited)
	Quarter Ended															% Change
	Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Per Common Share Data:
Dividends	$	0.37		$	0.37		$	0.36		$	0.36		$	0.36		—	%	3	%
Book value	$	26.47		$	26.54		$	26.04		$	25.41		$	24.93		—	%	6	%
Tangible book value (1)	$	19.03		$	19.11		$	18.57		$	18.47		$	17.86		—	%	7	%

Performance Ratios:
Efficiency ratio (2)	58.03		%	57.30		%	67.29		%	54.29		%	69.06		%	0.73		(11.03)
Non-interest expense to average assets (1)	2.41		%	2.44		%	2.74		%	2.16		%	2.68		%	(0.03)		(0.27)
Return on average assets ("ROAA")	1.18		%	1.27		%	0.67		%	1.19		%	0.68		%	(0.09)		0.50
Pre-provision net revenue ("PPNR") ROAA (1)	1.73		%	1.80		%	1.32		%	1.81		%	1.19		%	(0.07)		0.54
Return on average common equity	10.00		%	10.92		%	6.19		%	11.56		%	6.73		%	(0.92)		3.27
Return on average tangible common equity (1)	13.88		%	15.24		%	8.58		%	16.03		%	9.45		%	(1.36)		4.43

Performance Ratios - Operating: (1)
Operating efficiency ratio, as adjusted (1), (2)	53.68		%	51.39		%	52.32		%	51.79		%	55.11		%	2.29		(1.43)
Operating non-interest expense to average assets (1)	2.26		%	2.20		%	2.14		%	2.10		%	2.13		%	0.06		0.13
Operating ROAA (1)	1.28		%	1.44		%	1.42		%	1.25		%	1.10		%	(0.16)		0.18
Operating PPNR ROAA (1)	1.87		%	2.02		%	1.89		%	1.88		%	1.67		%	(0.15)		0.20
Operating return on average common equity (1)	10.89		%	12.34		%	13.15		%	12.16		%	10.87		%	(1.45)		0.02
Operating return on average tangible common equity (1)	15.11		%	17.22		%	18.24		%	16.85		%	15.26		%	(2.11)		(0.15)

Average Balance Sheet Yields, Rates, & Ratios:
Yield on loans and leases	5.78		%	5.92		%	5.96		%	6.00		%	5.92		%	(0.14)		(0.14)
Yield on earning assets (2)	5.44		%	5.55		%	5.62		%	5.62		%	5.49		%	(0.11)		(0.05)
Cost of interest bearing deposits	2.04		%	2.08		%	2.43		%	2.52		%	2.52		%	(0.04)		(0.48)
Cost of interest bearing liabilities	2.24		%	2.27		%	2.65		%	2.78		%	2.80		%	(0.03)		(0.56)
Cost of total deposits	1.39		%	1.40		%	1.66		%	1.73		%	1.72		%	(0.01)		(0.33)
Cost of total funding (3)	1.56		%	1.57		%	1.87		%	1.98		%	1.99		%	(0.01)		(0.43)
Net interest margin (2)	3.96		%	4.06		%	3.84		%	3.75		%	3.60		%	(0.10)		0.36
Average interest bearing cash / Average interest earning assets	2.59		%	3.12		%	3.41		%	2.97		%	3.13		%	(0.53)		(0.54)
Average loans and leases / Average interest earning assets	78.44		%	78.12		%	78.39		%	78.64		%	78.93		%	0.32		(0.49)
Average loans and leases / Average total deposits	88.58		%	87.34		%	88.39		%	90.07		%	90.36		%	1.24		(1.78)
Average non-interest bearing deposits / Average total deposits	32.26		%	32.45		%	31.41		%	31.39		%	31.75		%	(0.19)		0.51
Average total deposits / Average total funding (3)	93.58		%	94.52		%	93.47		%	91.92		%	91.86		%	(0.94)		1.72

Select Credit & Capital Ratios:
Non-performing loans and leases to total loans and leases	0.55		%	0.41		%	0.40		%	0.47		%	0.47		%	0.14		0.08
Non-performing assets to total assets	0.40		%	0.30		%	0.29		%	0.35		%	0.35		%	0.10		0.05
Allowance for credit losses to loans and leases	1.00		%	1.02		%	1.01		%	1.17		%	1.17		%	(0.02)		(0.17)
Total risk-based capital ratio (4)	13.3		%	13.6		%	13.4		%	13.0		%	12.9		%	(0.30)		0.40
Common equity tier 1 risk-based capital ratio (4)	11.5		%	11.8		%	11.6		%	10.8		%	10.6		%	(0.30)		0.90


Columbia Banking System, Inc.
Loan & Lease Portfolio Balances and Mix
(Unaudited)
	Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			% Change
($ in millions)	Amount			Amount			Amount			Amount			Amount			Seq. Quarter		Year over Year
Loans and leases:
Commercial real estate:
Non-owner occupied term	$	8,113		$	8,206		$	8,444		$	6,190		$	6,179		(1)	%	31	%
Owner occupied term	7,258			7,314			7,361			5,320			5,303			(1)	%	37	%
Multifamily	10,173			10,281			10,377			5,735			5,831			(1)	%	74	%
Construction & development	1,670			1,707			2,071			2,070			2,071			(2)	%	(19)	%
Residential development	373			362			367			286			252			3	%	48	%
Commercial:
Term	6,887			6,713			6,590			5,353			5,490			3	%	25	%
Lines of credit & other	3,804			3,643			3,582			2,951			2,754			4	%	38	%
Leases & equipment finance	1,619			1,599			1,614			1,641			1,644			1	%	(2)	%
Residential:
Mortgage	5,483			5,624			5,722			5,830			5,878			(3)	%	(7)	%
Home equity loans & lines	2,147			2,149			2,153			2,083			2,039			—	%	5	%
Consumer & other	170			178			181			178			175			(4)	%	(3)	%
Total loans and leases, net of deferred fees and costs	$	47,697		$	47,776		$	48,462		$	37,637		$	37,616		—	%	27	%

Loans and leases mix:
Commercial real estate:
Non-owner occupied term	17		%	17		%	18		%	16		%	16		%
Owner occupied term	15		%	15		%	15		%	14		%	14		%
Multifamily	21		%	22		%	21		%	15		%	15		%
Construction & development	4		%	4		%	4		%	6		%	6		%
Residential development	1		%	1		%	1		%	1		%	1		%
Commercial:
Term	15		%	14		%	14		%	14		%	15		%
Lines of credit & other	8		%	8		%	7		%	8		%	7		%
Leases & equipment finance	3		%	3		%	3		%	4		%	4		%
Residential:
Mortgage	11		%	12		%	12		%	15		%	16		%
Home equity loans & lines	5		%	4		%	4		%	6		%	5		%
Consumer & other	—		%	—		%	1		%	1		%	1		%
Total	100		%	100		%	100		%	100		%	100		%


Columbia Banking System, Inc.
Deposit Portfolio Balances and Mix
(Unaudited)
	Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			% Change
($ in millions)	Amount			Amount			Amount			Amount			Amount			Seq. Quarter		Year over Year
Deposits:
Demand, non-interest bearing	$	17,635		$	17,419		$	17,810		$	13,220		$	13,414		1	%	31	%
Demand, interest bearing	10,860			10,763			11,675			8,335			8,494			1	%	28	%
Money market	16,843			17,013			16,816			11,694			11,971			(1)	%	41	%
Savings	2,437			2,442			2,504			2,276			2,337			0	%	4	%
Time	5,714			6,574			6,966			6,218			6,002			(13)	%	(5)	%
Total	$	53,489		$	54,211		$	55,771		$	41,743		$	42,218		(1)	%	27	%

Total core deposits (1)	$	50,245		$	50,174		$	51,535		$	37,294		$	38,079		—	%	32	%

Deposit mix:
Demand, non-interest bearing	33		%	32		%	32		%	32		%	32		%
Demand, interest bearing	20		%	20		%	21		%	20		%	20		%
Money market	31		%	31		%	30		%	28		%	28		%
Savings	5		%	5		%	5		%	5		%	6		%
Time	11		%	12		%	12		%	15		%	14		%
Total	100		%	100		%	100		%	100		%	100		%


Columbia Banking System, Inc.
Credit Quality – Non-performing Assets
(Unaudited)
		Quarter Ended															% Change
($ in millions)		Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Non-performing assets: (1)
Loans and leases on non-accrual status:
	Commercial real estate	$	91		$	50		$	53		$	31		$	42		82	%	117	%
	Commercial	96			66			67			67			80			45	%	20	%


	Total loans and leases on non-accrual status	187			116			120			98			122			61	%	53	%
Loans and leases past due 90+ days and accruing: (2)
	Commercial real estate	3			2			—			—			—			50	%	nm
	Commercial	2			8			5			5			—			(75)	%	nm
	Residential (2)	69			72			71			74			53			(4)	%	30	%

	Total loans and leases past due 90+ days and accruing (2)	74			82			76			79			53			(10)	%	40	%
Total non-performing loans and leases (1), (2)		261			198			196			177			175			32	%	49	%
Other real estate owned		3			2			3			3			3			50	%	0	%
Total non-performing assets (1), (2)		$	264		$	200		$	199		$	180		$	178		32	%	48	%


Loans and leases past due 31-89 days		$	168		$	94		$	85		$	142		$	158		79	%	6	%
Loans and leases past due 31-89 days to total loans and leases		0.35		%	0.20		%	0.18		%	0.38		%	0.42		%	0.15		(0.07)
Non-performing loans and leases to total loans and leases (1), (2)		0.55		%	0.41		%	0.40		%	0.47		%	0.47		%	0.14		0.08
Non-performing assets to total assets (1), (2)		0.40		%	0.30		%	0.29		%	0.35		%	0.35		%	0.10		0.05
Non-accrual loans and leases to total loan and leases (2)		0.39		%	0.24		%	0.25		%	0.26		%	0.33		%	0.15		0.06

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."


Columbia Banking System, Inc.
Credit Quality – Allowance for Credit Losses
(Unaudited)
		Quarter Ended															% Change
($ in millions)		Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Allowance for credit losses on loans and leases (ACLLL)
Balance, beginning of period		$	466		$	473		$	421		$	421		$	425		(1)	%	10	%
Initial ACL recorded for PCD loans acquired during the period		—			—			5			—			—			nm		nm
Provision for credit losses on loans and leases		28			23			69			29			26			22	%	8	%
Charge-offs
	Commercial real estate	—			(8)			(3)			—			—			nm		nm
	Commercial	(39)			(23)			(22)			(33)			(33)			70	%	18	%
	Residential	—			(1)			—			—			(1)			nm		nm
	Consumer & other	(1)			(1)			(2)			(1)			(1)			0	%	0	%
	Total charge-offs	(40)			(33)			(27)			(34)			(35)			21	%	14	%
Recoveries

	Commercial	4			3			4			5			4			33	%	0	%

	Consumer & other	1			—			1			—			1			nm		0	%
	Total recoveries	5			3			5			5			5			67	%	0	%
Net (charge-offs) recoveries
	Commercial real estate	—			(8)			(3)			—			—			nm		nm
	Commercial	(35)			(20)			(18)			(28)			(29)			75	%	21	%
	Residential	—			(1)			—			—			(1)			nm		nm
	Consumer & other	—			(1)			(1)			(1)			—			nm		nm
	Total net charge-offs	(35)			(30)			(22)			(29)			(30)			17	%	17	%
Balance, end of period		$	459		$	466		$	473		$	421		$	421		(2)	%	9	%
Reserve for unfunded commitments
Balance, beginning of period		$	19		$	19		$	18		$	17		$	16		0	%	19	%
Provision for credit losses on unfunded commitments		—			—			1			1			1			nm		(100)	%
Balance, end of period		19			19			19			18			17			0	%	12	%
Total Allowance for credit losses (ACL)		$	478		$	485		$	492		$	439		$	438		(1)	%	9	%

Net charge-offs to average loans and leases (annualized)		0.30		%	0.25		%	0.22		%	0.31		%	0.32		%	0.05		(0.02)
Recoveries to gross charge-offs		12.50		%	9.09		%	18.52		%	15.19		%	14.05		%	3.41		(1.55)
ACLLL to loans and leases		0.96		%	0.98		%	0.98		%	1.12		%	1.12		%	(0.02)		(0.16)
ACL to loans and leases		1.00		%	1.02		%	1.01		%	1.17		%	1.17		%	(0.02)		(0.17)

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."


Columbia Banking System, Inc.
Consolidated Average Balance Sheets, Net Interest Income, and Yields/Rates
(Unaudited)
	Quarter Ended
	March 31, 2026						December 31, 2025						March 31, 2025
($ in millions)	Average Balance		Interest Income or Expense		Average Yields or Rates		Average Balance		Interest Income or Expense		Average Yields or Rates		Average Balance		Interest Income or Expense		Average Yields or Rates
INTEREST-EARNING ASSETS:
Loans held for sale	$	189	$	3	5.17	%	$	306	$	5	5.51	%	$	59	$	1	6.32	%
Loans and leases (1)	47,714		681		5.78	%	48,186		717		5.92	%	37,679		552		5.92	%
Taxable securities	10,097		106		4.22	%	9,996		105		4.23	%	7,691		72		3.72	%
Non-taxable securities (2)	1,253		14		4.51	%	1,268		14		4.53	%	817		8		3.87	%
Temporary investments and interest-bearing cash	1,578		14		3.65	%	1,923		19		3.82	%	1,494		16		4.45	%
Total interest-earning assets (1), (2)	60,831		$	818	5.44	%	61,679		$	860	5.55	%	47,740		$	649	5.49	%
Goodwill and other intangible assets	2,175						2,217						1,502
Other assets	3,209						3,218						2,211
Total assets	$	66,215					$	67,114					$	51,453
INTEREST-BEARING LIABILITIES:
Interest-bearing demand deposits	$	10,780	$	43	1.60	%	$	11,052	$	51	1.81	%	$	8,371	$	46	2.26	%
Money market deposits	16,848		88		2.12	%	17,010		94		2.22	%	11,603		69		2.40	%
Savings deposits	2,443		1		0.12	%	2,463		1		0.12	%	2,350		1		0.10	%
Time deposits (3)	6,414		52		3.32	%	6,741		49		2.88	%	6,136		61		4.01	%
Total interest-bearing deposits	36,485		184		2.04	%	37,266		195		2.08	%	28,460		177		2.52	%
Repurchase agreements and federal funds purchased	187		1		1.86	%	184		1		2.16	%	216		1		1.83	%
Borrowings	3,071		30		3.96	%	2,581		27		4.20	%	3,039		36		4.82	%
Junior and other subordinated debentures	435		7		7.03	%	436		8		7.53	%	438		9		7.94	%
Total interest-bearing liabilities	40,178		$	222	2.24	%	40,467		$	231	2.27	%	32,153		$	223	2.80	%
Non-interest-bearing deposits	17,378						17,902						13,239
Other liabilities	873						931						844
Total liabilities	58,429						59,300						46,236
Common equity	7,786						7,814						5,217
Total liabilities and shareholders' equity	$	66,215					$	67,114					$	51,453
NET INTEREST INCOME (2)			$	596					$	629					$	426
NET INTEREST SPREAD (2)					3.20	%					3.28	%					2.69	%
NET INTEREST INCOME TO EARNING ASSETS OR NET INTEREST MARGIN (1), (2)					3.96	%					4.06	%					3.60	%


Columbia Banking System, Inc.
Residential Mortgage Banking Activity
(Unaudited)
	Quarter Ended															%
($ in millions)	Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Residential mortgage banking revenue:
Origination and sale	$	5		$	5		$	5		$	5		$	4		—	%	25	%
Servicing	6			6			5			6			6			—	%	—	%
Change in fair value of MSR asset:
Changes due to collection/realization of expected cash flows over time	(3)			(3)			(3)			(3)			(3)			—	%	—	%
Changes due to valuation inputs or assumptions	6			(1)			—			(2)			(1)			nm		nm
MSR hedge (loss) gain	(2)			—			—			2			3			nm		(167)	%
Total	$	12		$	7		$	7		$	8		$	9		71	%	33	%

Closed loan volume for sale	$	171		$	176		$	166		$	164		$	136		(3)	%	26	%
Gain on sale margin	2.92		%	2.84		%	3.01		%	2.77		%	3.23		%	0.08		-0.31

Residential mortgage servicing rights:
Balance, beginning of period	$	99		$	101		$	103		$	106		$	108		(2)	%	(8)	%
Additions for new MSR capitalized	3			2			1			2			2			50	%	50	%

Change in fair value of MSR asset:
Changes due to collection/realization of expected cash flows over time	(3)			(3)			(3)			(3)			(3)			—	%	—	%
Changes due to valuation inputs or assumptions	6			(1)			—			(2)			(1)			nm		nm
Balance, end of period	$	105		$	99		$	101		$	103		$	106		6	%	(1)	%

Residential mortgage loans serviced for others	$	7,812		$	7,755		$	7,797		$	7,852		$	7,888		1	%	(1)	%
MSR as % of serviced portfolio	1.34		%	1.28		%	1.30		%	1.31		%	1.34		%	0.06		—

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."

In addition to results presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"), this press release contains certain non-GAAP financial measures. The Company believes presenting certain non-GAAP financial measures provides investors with information useful in understanding our financial performance, our performance trends, and our financial position. We utilize these measures for internal planning and forecasting purposes, and operating pre-provision net revenue and operating return on tangible common equity are also used as part of our incentive compensation program for our executive officers. We, as well as securities analysts, investors, and other interested parties, also use these measures to compare peer company operating performance. We believe that our presentation and discussion, together with the accompanying reconciliations, provides a complete understanding of factors and trends affecting our business and allows investors to view performance in a manner similar to management. These non-GAAP measures should not be considered a substitution for GAAP basis measures and results, and we strongly encourage investors to review our consolidated financial statements in their entirety and not to rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.


Columbia Banking System, Inc.
GAAP to Non-GAAP Reconciliation
Tangible Capital, as adjusted
(Unaudited)
		Quarter Ended															% Change
($ in millions, except per-share data)		Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Total shareholders' equity	a	$	7,664		$	7,840		$	7,790		$	5,342		$	5,238		(2)	%	46	%
Less: Goodwill		1,482			1,482			1,481			1,029			1,029			—	%	44	%
Less: Other intangible assets, net		671			712			754			430			456			(6)	%	47	%
Tangible common shareholders' equity	b	$	5,511		$	5,646		$	5,555		$	3,883		$	3,753		(2)	%	47	%

Total assets	c	$	66,027		$	66,832		$	67,496		$	51,901		$	51,519		(1)	%	28	%
Less: Goodwill		1,482			1,482			1,481			1,029			1,029			—	%	44	%
Less: Other intangible assets, net		671			712			754			430			456			(6)	%	47	%
Tangible assets	d	$	63,874		$	64,638		$	65,261		$	50,442		$	50,034		(1)	%	28	%
Common shares outstanding at period end (in thousands)	e	289,530			295,422			299,147			210,213			210,112			(2)	%	38	%

Total shareholders' equity to total assets ratio	a / c	11.61		%	11.73		%	11.54		%	10.29		%	10.17		%	(0.12)		1.44
Tangible common equity to tangible assets ratio	b / d	8.63		%	8.73		%	8.51		%	7.70		%	7.50		%	(0.10)		1.13
Book value per common share	a / e	$	26.47		$	26.54		$	26.04		$	25.41		$	24.93		—	%	6	%
Tangible book value per common share	b / e	$	19.03		$	19.11		$	18.57		$	18.47		$	17.86		—	%	7	%


Columbia Banking System, Inc.
GAAP to Non-GAAP Reconciliation - Continued
Income Statements, as adjusted
(Unaudited)
		Quarter Ended										% Change
($ in millions)		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Seq. Quarter		Year over Year
Non-Interest Income Adjustments
Gain on investment securities, net		$	—	$	2	$	2	$	—	$	2	(100)	%	(100)	%
Gain (loss) on swap derivatives		—		1		(1)		(1)		(1)		(100)	%	nm
(Loss) gain on loans held for investment, at fair value		(2)		—		4		—		7		nm		(129)	%
Change in fair value of MSR due to valuation inputs or assumptions		6		(1)		—		(2)		(1)		nm		nm
MSR hedge (loss) gain		(2)		—		—		2		3		nm		(167)	%
Total non-interest income adjustments	a	$	2	$	2	$	5	$	(1)	$	10	—	%	(80)	%

Non-Interest Expense Adjustments
Merger and restructuring expense		$	24	$	39	$	87	$	8	$	14	(38)	%	71	%
Exit and disposal costs		1		1		—		—		1		0	%	—	%
FDIC special assessment		—		(5)		(1)		—		—		nm		nm
Legal settlement and other non-operating expense		—		4		—		—		55		(100)	%	(100)	%
Total non-interest expense adjustments	b	$	25	$	39	$	86	$	8	$	70	(36)	%	(64)	%

Net interest income	c	$	594	$	627	$	505	$	446	$	425	(5)	%	40	%

Non-interest income (GAAP)	d	$	83	$	90	$	77	$	65	$	66	(8)	%	26	%
Less: Non-interest income adjustments	a	(2)		(2)		(5)		1		(10)		—	%	(80)	%
Operating non-interest income (non-GAAP)	e	$	81	$	88	$	72	$	66	$	56	(8)	%	45	%

Revenue (GAAP)	f=c+d	$	677	$	717	$	582	$	511	$	491	(6)	%	38	%
Operating revenue (non-GAAP)	g=c+e	$	675	$	715	$	577	$	512	$	481	(6)	%	40	%

Non-interest expense (GAAP)	h	$	394	$	412	$	393	$	278	$	340	(4)	%	16	%
Less: Non-interest expense adjustments	b	(25)		(39)		(86)		(8)		(70)		(36)	%	(64)	%
Operating non-interest expense (non-GAAP)	i	$	369	$	373	$	307	$	270	$	270	(1)	%	37	%

Net income (GAAP)	j	$	192	$	215	$	96	$	152	$	87	(11)	%	121	%
Provision for income taxes		63		67		23		51		37		(6)	%	70	%
Income before provision for income taxes		255		282		119		203		124		(10)	%	106	%
Provision for credit losses		28		23		70		30		27		22	%	4	%
Pre-provision net revenue (PPNR) (non-GAAP)	k	283		305		189		233		151		(7)	%	87	%
Less: Non-interest income adjustments	a	(2)		(2)		(5)		1		(10)		—	%	(80)	%
Add: Non-interest expense adjustments	b	25		39		86		8		70		(36)	%	(64)	%
Operating PPNR (non-GAAP)	l	$	306	$	342	$	270	$	242	$	211	(11)	%	45	%

Net income (GAAP)	j	$	192	$	215	$	96	$	152	$	87	(11)	%	121	%
Acquisition-related provision expense		—		—		70		—		—		nm		nm
Less: Non-interest income adjustments	a	(2)		(2)		(5)		1		(10)		—	%	(80)	%
Add: Non-interest expense adjustments	b	25		39		86		8		70		(36)	%	(64)	%
Tax effect of adjustments		(6)		(9)		(43)		(1)		(8)		(33)	%	(25)	%
Operating net income (non-GAAP)	m	$	209	$	243	$	204	$	160	$	139	(14)	%	50	%

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."


Columbia Banking System, Inc.
GAAP to Non-GAAP Reconciliation - Continued
Average Balances, Earnings Per Share, and Performance Metrics, as adjusted
(Unaudited)
		Quarter Ended															% Change
($ in millions, shares in thousands)		Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Average assets	n	$	66,215		$	67,114		$	56,823		$	51,552		$	51,453		(1)	%	29	%
Less: Average goodwill and other intangible assets, net		2,175			2,217			1,719			1,472			1,502			(2)	%	45	%
Average tangible assets	o	$	64,040		$	64,897		$	55,104		$	50,080		$	49,951		(1)	%	28	%

Average common shareholders' equity	p	$	7,786		$	7,814		$	6,157		$	5,287		$	5,217		0	%	49	%
Less: Average goodwill and other intangible assets, net		2,175			2,217			1,719			1,472			1,502			(2)	%	45	%
Average tangible common equity	q	$	5,611		$	5,597		$	4,438		$	3,815		$	3,715		0	%	51	%

Weighted average basic shares outstanding (in thousands)	r	290,933			295,376			237,838			209,125			208,800			(2)	%	39	%
Weighted average diluted shares outstanding (in thousands)	s	292,160			296,760			238,925			209,975			210,023			(2)	%	39	%

Select Per-Share & Performance Metrics
Earnings per share - basic	j / r	$	0.66		$	0.72		$	0.40		$	0.73		$	0.41		(8)	%	61	%
Earnings per share - diluted	j / s	$	0.66		$	0.72		$	0.40		$	0.73		$	0.41		(8)	%	61	%
Efficiency ratio (1)	h / f	58.03		%	57.30		%	67.29		%	54.29		%	69.06		%	0.73		(11.03)
Non-interest expense to average assets	h / n	2.41		%	2.44		%	2.74		%	2.16		%	2.68		%	(0.03)		(0.27)
Return on average assets	j / n	1.18		%	1.27		%	0.67		%	1.19		%	0.68		%	(0.09)		0.50
Return on average tangible assets	j / o	1.22		%	1.31		%	0.69		%	1.22		%	0.70		%	(0.09)		0.52
PPNR return on average assets	k / n	1.73		%	1.80		%	1.32		%	1.81		%	1.19		%	(0.07)		0.54
Return on average common equity	j / p	10.00		%	10.92		%	6.19		%	11.56		%	6.73		%	(0.92)		3.27
Return on average tangible common equity	j / q	13.88		%	15.24		%	8.58		%	16.03		%	9.45		%	(1.36)		4.43

Operating Per-Share & Performance Metrics
Operating earnings per share - basic	m / r	$	0.72		$	0.82		$	0.86		$	0.77		$	0.67		(12)	%	7	%
Operating earnings per share - diluted	m / s	$	0.72		$	0.82		$	0.85		$	0.76		$	0.67		(12)	%	7	%
Operating efficiency ratio, as adjusted (1)	u / y	53.68		%	51.39		%	52.32		%	51.79		%	55.11		%	2.29		(1.43)
Operating non-interest expense to average assets	i / n	2.26		%	2.20		%	2.14		%	2.10		%	2.13		%	0.06		0.13
Operating return on average assets	m / n	1.28		%	1.44		%	1.42		%	1.25		%	1.10		%	(0.16)		0.18
Operating return on average tangible assets	m / o	1.32		%	1.49		%	1.47		%	1.28		%	1.13		%	(0.17)		0.19
Operating PPNR return on average assets	l / n	1.87		%	2.02		%	1.89		%	1.88		%	1.67		%	(0.15)		0.20
Operating return on average common equity	m / p	10.89		%	12.34		%	13.15		%	12.16		%	10.87		%	(1.45)		0.02
Operating return on average tangible common equity	m / q	15.11		%	17.22		%	18.24		%	16.85		%	15.26		%	(2.11)		(0.15)


Columbia Banking System, Inc.
GAAP to Non-GAAP Reconciliation - Continued
Operating Efficiency Ratio, as adjusted
(Unaudited)
		Quarter Ended															% Change
($ in millions)		Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Seq. Quarter		Year over Year
Non-interest expense (GAAP)	h	$	394		$	412		$	393		$	278		$	340		(4)	%	16	%
Less: Non-interest expense adjustments	b	(25)			(39)			(86)			(8)			(70)			(36)	%	(64)	%
Operating non-interest expense (non-GAAP)	i	369			373			307			270			270			(1)	%	37	%
Less: B&O taxes	t	(4)			(3)			(3)			(3)			(3)			33	%	33	%
Operating non-interest expense, excluding B&O taxes (non-GAAP)	u	$	365		$	370		$	304		$	267		$	267		(1)	%	37	%

Net interest income (tax equivalent) (1)	v	$	596		$	629		$	507		$	447		$	426		(5)	%	40	%
Non-interest income (GAAP)	d	83			90			77			65			66			(8)	%	26	%
Add: BOLI tax equivalent adjustment (1)	w	3			3			2			2			1			—	%	200	%
Total Revenue, excluding BOLI tax equivalent adjustments (tax equivalent)	x	682			722			586			514			493			(6)	%	38	%
Less: Non-interest income adjustments	a	(2)			(2)			(5)			1			(10)			—	%	(80)	%
Total Adjusted Operating Revenue, excluding BOLI tax equivalent adjustments (tax equivalent) (non-GAAP)	y	$	680		$	720		$	581		$	515		$	483		(6)	%	41	%

Efficiency ratio (1)	h / f	58.03		%	57.30		%	67.29		%	54.29		%	69.06		%	0.73		(11.03)
Operating efficiency ratio, as adjusted (non-GAAP) (1)	u / y	53.68		%	51.39		%	52.32		%	51.79		%	55.11		%	2.29		(1.43)

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "nm."


			TABLE INDEX
						Page
			Consolidated Statements of Income			7
			Consolidated Balance Sheets			8
			Financial Highlights			9
			Loan & Lease Portfolio Balances and Mix			10
			Deposit Portfolio Balances and Mix			11
			Credit Quality - Non-performing Assets			12
			Credit Quality - Allowance for Credit Losses			13
			Consolidated Average Balance Sheets, Net Interest Income, and Yields/Rates			14
			Residential Mortgage Banking Activity			15
			GAAP to Non-GAAP Reconciliation			16