Exhibit 99.2
Selected Financial Data (in thousands except number of employees) | 9/30/2022 | 6/30/2022 | 9/30/2021 | Commentary | |||||||||
Scheduled CD maturities for subsequent quarter | $ | 198,908 | $ | 196,280 | $ | 208,862 | |||||||
Average rate scheduled CD maturities for subsequent quarter | 0.96 | % | 0.62 | % | 0.80 | % | |||||||
Cost of total deposits, Qtr-End | 0.50 | % | 0.22 | % | 0.20 | % | |||||||
Cost of interest-bearing DDAs, Qtr-End | 0.85 | % | 0.31 | % | 0.24 | % | |||||||
Cost of interest-bearing deposits, Qtr-End | 0.75 | % | 0.37 | % | 0.32 | % | |||||||
Noninterest bearing DDA balances, Qtr-End | $ | 3,661,936 | $ | 4,686,511 | $ | 4,366,654 | |||||||
Reserve for unfunded commitments, Qtr-End | $ | 1,929 | $ | 1,600 | $ | 3,000 | |||||||
Credit card spend QTD | $ | 274,517 | $ | 263,888 | $ | 215,755 | |||||||
Credit card net income QTD | $ | 2,612 | $ | 2,672 | $ | 2,043 | |||||||
Merchant services fees QTD | $ | 468 | $ | 471 | $ | 375 | |||||||
Mortgage banking income QTD | $ | 784 | $ | 614 | $ | 1,423 | |||||||
FDIC insurance QTD | $ | 975 | $ | 960 | $ | 1,400 | |||||||
Write down tax credit investment QTD | $ | 2,499 | $ | 2,499 | $ | 2,931 | The write down of our tax credit investment increased non-interest expenses by $2.5 million during the 3rd quarter 2022, but was offset by an income tax reduction of $3.35 million. | ||||||
Salaries & employee benefits QTD | $ | 19,687 | $ | 20,734 | $ | 17,995 | Excluding an additional $1.8 million accrual in our annual incentive program during the 2nd Qtr of 2022, salaries and benefits increased $750,000 from 6/30/2022 to 9/30/2022. | ||||||
Other operating expense | $ | 10,613 | $ | 7,253 | $ | 6,541 | Third quarter activity includes preliminary settlement of litigation and a write down of a private investment resulting in charges of $3.1 million. | ||||||
Third party processing and other services QTD | $ | 7,123 | $ | 6,345 | $ | 4,144 | |||||||
Equipment and occupancy expense QTD | $ | 3,140 | $ | 2,983 | $ | 2,996 | |||||||
Business meals QTD | $ | 259 | $ | 293 | $ | 316 | |||||||
Earnings retention YTD | 79 | % | 79 | % | 79 | % | |||||||
Number of employees | 567 | 550 | 525 | ||||||||||
QTD tax rate | 17.14 | % | 18.83 | % | 18.0 | % | |||||||
YTD tax rate | 18.28 | % | 18.89 | % | 19.7 | % |