Exhibit 99.2
Selected Financial Data (in thousands except number of employees) | 12/31/2022 | 9/30/2022 | 12/31/2021 | Commentary | |||||||||
Scheduled CD maturities for subsequent quarter | $ | 311,315 | $ | 198,908 | $ | 204,797 | |||||||
Average rate scheduled CD maturities for subsequent quarter | 1.70 | % | 0.96 | % | 0.85 | % | |||||||
Loan rate, Qtr-End | 5.41 | % | 4.87 | % | 4.02 | % | |||||||
Cost of total deposits, Qtr-End | 1.66 | % | 0.50 | % | 0.20 | % | |||||||
Cost of interest-bearing DDAs, Qtr-End | 2.39 | % | 0.85 | % | 0.24 | % | |||||||
Cost of interest-bearing deposits, Qtr-End | 2.32 | % | 0.75 | % | 0.32 | % | |||||||
Noninterest bearing DDA balances, Qtr-End | $ | 3,321,347 | $ | 3,661,936 | $ | 4,799,767 | |||||||
Reserve for unfunded commitments, Qtr-End | $ | 575 | $ | 1,929 | $ | 1,300 | |||||||
Credit card spend QTD | $ | 262,684 | $ | 274,517 | $ | 223,000 | |||||||
Credit card net income QTD | $ | 2,261 | $ | 2,612 | $ | 2,200 | |||||||
Merchant services fees QTD | $ | 490 | $ | 468 | $ | 376 | |||||||
Mortgage banking income QTD | $ | 514 | $ | 784 | $ | 471 | |||||||
FDIC insurance QTD | $ | 1,075 | $ | 975 | $ | 800 | |||||||
Write down tax credit investment QTD | $ | 2,499 | $ | 2,499 | $ | 6,049 | The write down of our tax credit investment increased non-interest expenses by $2.5 million during the 4th quarter 2022, but was offset by an income tax reduction of $3.4 million. | ||||||
Salaries & employee benefits QTD | $ | 19,230 | $ | 19,687 | $ | 17,303 | |||||||
Other operating expense | $ | 4,957 | $ | 10,613 | $ | 11,417 | Other operating expense decreased $5.7 million on a linked-quarter basis. Third quarter activity includes preliminary settlement of litigation and a write down of a private investment resulting in charges of $3.1 million. Our reserve for credit losses on unfunded loan commitments decreased by $1.4 million in the fourth quarter of 2022. | ||||||
Third party processing and other services QTD | $ | 8,170 | $ | 7,123 | $ | 4,856 | |||||||
Equipment and occupancy expense QTD | $ | 3,263 | $ | 3,140 | $ | 2,910 | |||||||
Business meals QTD | $ | 461 | $ | 259 | $ | 276 | |||||||
Earnings retention YTD | 79 | % | 79 | % | 79 | % | |||||||
Number of employees | 580 | 567 | 509 | ||||||||||
QTD tax rate | 19.49 | % | 17.14 | % | 12.70 | % | |||||||
YTD tax rate | 18.56 | % | 18.28 | % | 18.00 | % |