United Bankshares (UBSI) 8-K United Bankshares, Inc. Announces Earnings for the First Quarter of 2016

Exhibit 99.1

News Release

For Immediate Release	Contact: W. Mark Tatterson
April 28, 2016	Chief Financial Officer
	(800) 445-1347 ext. 8716

United Bankshares, Inc. Announces Earnings for the First Quarter of 2016

WASHINGTON, D.C. and CHARLESTON, WV— United Bankshares, Inc. (NASDAQ: UBSI), today announced earnings for the first quarter of 2016. Net earnings for the first quarter of 2016 were $34.7 million or $0.50 per diluted share as compared to net earnings of $34.6 million or $0.50 per diluted share for the first quarter of 2015. Before-tax earnings for the first quarter of 2016 were $52.6 million, an increase of $2.7 million or 5% from $49.9 million for the first quarter of 2015.

“United’s earnings continue to be strong compared to most other regional banking companies in the USA,” stated Richard M. Adams, United’s Chairman of the Board and Chief Executive Officer. “This consistent solid financial performance has enabled United to be one of only two major banking companies in the USA to increase dividends for 42 consecutive years.”

United’s first quarter of 2016 results produced an annualized return on average assets of 1.13% and an annualized return on average equity of 8.06%. These returns compare favorably to the most recently reported average return on assets of 0.92% and average return on equity of 7.97% for the year of 2015 reported by United’s Federal Reserve peer group (bank holding companies with total assets over $10 billion). United’s annualized returns on average assets and average equity were 1.16% and 8.38%, respectively, for the first quarter of 2015.

Tax-equivalent net interest income of $99.8 million for the first quarter of 2016 was an increase of $3.5 million or 4% from the first quarter of 2015. This increase was due mainly to higher average earning assets. Average earning assets for the first quarter of 2016 increased $232.0 million or 2% from the first quarter of 2015. Average net loans increased $338.4 million or 4% while average investment securities declined $108.3 million or 8%. The first quarter of 2016 average yield on earning assets increased 3 basis points from the first quarter of 2015 due mainly to increased interest accretion on acquired loans. Partially offsetting the increases to tax-equivalent net interest income for the first quarter of 2016 was an increase of 2 basis points in the average cost of funds primarily due to higher market interest rates as compared to the first quarter of 2015. The net interest margin of 3.64% for the first quarter of 2016 was an increase of 3 basis points from the net interest margin of 3.61% for the first quarter of 2015.

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April 28, 2016

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On a linked-quarter basis, United’s tax-equivalent net interest income for the first quarter of 2016 was relatively flat from the fourth quarter of 2015, increasing $944 thousand or less than 1% due mainly to an increase in the average yield on earning assets. The yield on average earning assets for the first quarter of 2016 increased 9 basis points from the fourth quarter of 2015 due mainly to higher market interest rates. Average earning assets were relatively flat, decreasing $24.4 million or less than 1% from the fourth quarter of 2015. Average net loans increased $103.5 million or 1% while average short-term investments and average investment securities decreased $101.9 million or 16% and $26.0 million or 2%, respectively. Partially offsetting the increases to tax-equivalent net interest income for the first quarter of 2016 was an increase of a basis point in the average cost of funds as compared to the fourth quarter of 2015. The net interest margin of 3.64% for the first quarter of 2016 was an increase of 8 basis points from the net interest margin of 3.56% for the fourth quarter of 2015.

For the quarters ended March 31, 2016 and 2015, the provision for loan losses was $4.0 million and $5.4 million, respectively. Net charge-offs were $4.3 million for the first quarter of 2016, down from net charge-offs of $5.3 million for the first quarter of 2015. Annualized net charge-offs as a percentage of average loans were 0.18% for the first quarter of 2016 as compared to 0.31% for United’s Federal Reserve peer group for the year of 2015. On a linked-quarter basis, the provision for loans losses decreased $2.3 million while net charge-offs decreased $1.8 million from the fourth quarter of 2015.

Noninterest income for the first quarter of 2016 was $16.4 million, which was a decrease of $1.8 million or 10% from the first quarter of 2015. The decrease was due to lower fees from deposit services as a result of the Durbin Amendment being effective for United on July 1, 2015. The Durbin Amendment, passed as part of the Dodd-Frank financial reform legislation, limits fees for debit card processing paid by merchants to banking companies with assets in excess of $10 billion. Fees from deposit services for the first quarter of 2016 declined $1.8 million from the first quarter of 2015 due mainly to lower income on debit card transactions.

On a linked-quarter basis, noninterest income for the first quarter of 2016 decreased $1.7 million or 10% from the fourth quarter of 2015. This decrease was partially due to a decrease of $612 thousand in income from bank-owned life insurance policies due to a death benefit in the fourth quarter of 2015. In addition, fees from deposit services declined $723 thousand as a result of a decrease in overdraft fees and $660 thousand in fees from bankcard services due to a decline in volume, both due to seasonality. Partially offsetting these decreases was an increase of $344 thousand in income from trust and brokerage services due to an increase in volume.

Noninterest expense for the first quarter of 2016 was $58.1 million, which was relatively flat from the first quarter of 2015, increasing $401 thousand or less than 1%. Employee compensation increased $2.0 million due to increased base salaries and employees’ incentives while other real estate owned (OREO) expense decreased $464 thousand due mainly to fewer losses on sales of OREO properties. Included in noninterest expense for the first quarter of 2015 was a charge of $1.3 million related to historical tax credits.

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On a linked-quarter basis, noninterest expense for the first quarter of 2016 was relatively flat from the fourth quarter of 2015, decreasing $562 thousand or less than 1%. This slight decrease was due primarily to decreases in employee compensation of $2.2 million due mainly to fewer employees (seasonality and open positions) and less incentives expense. In addition, employee benefits expense decreased $402 thousand due to lower pension expense. Partially offsetting these decreases were increases of $677 thousand in net occupancy expense due to increased real property taxes and $499 thousand in the expense associated with the reserve for lending-related commitments.

For the first quarter of 2016, income tax expense was $17.9 million as compared to $15.3 million for the first quarter of 2015. The increase was primarily due to the historical tax credits recognized in the first quarter of 2015. On a linked-quarter basis, income tax expense increased $1.0 million due to a higher effective tax rate. United’s effective tax rate was approximately 34.0% for the first quarter of 2016 and 30.7% and 33.5% for the first and fourth quarters of 2015, respectively.

United’s asset quality continues to be sound. At March 31, 2016, nonperforming loans were $124.9 million, or 1.33% of loans, net of unearned income down slightly from nonperforming loans of $126.7 million or 1.35% of loans, net of unearned income, at December 31, 2015. As of March 31, 2016, the allowance for loan losses was $75.5 million or 0.80% of loans, net of unearned income, as compared to $75.7 million or 0.81% of loans, net of unearned income, at December 31, 2015. United’s allowance for loan losses as a percentage of non-acquired loans, net of unearned income at March 31, 2016 was 0.98% as compared to 1.00% at December 31, 2015. Total nonperforming assets of $153.9 million, including OREO of $29.0 million at March 31, 2016, represented 1.22% of total assets.

United continues to be well-capitalized based upon regulatory guidelines. United’s estimated risk-based capital ratio is 12.9% at March 31, 2016 while its estimated Common Equity Tier 1 capital, Tier 1 capital and leverage ratios are 9.9%, 12.1% and 10.8%, respectively. The regulatory requirements for a well-capitalized financial institution are a risk-based capital ratio of 10.0%, a Common Equity Tier 1 capital ratio of 6.5%, a Tier 1 capital ratio of 8.0% and a leverage ratio of 5.0%.

United has consolidated assets of approximately $12.6 billion with 128 full service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI”.

Cautionary Statements

The Company is required under generally accepted accounting principles to evaluate subsequent events through the filing of its March 31, 2016 consolidated financial statements on Form 10-Q. As a result, the Company will continue to evaluate the impact of any subsequent events on critical accounting assumptions and estimates made as of March 31, 2016 and will adjust amounts preliminarily reported, if necessary.

Use of non-GAAP Financial Measures

This press release contains certain financial measures that are not recognized under U.S. generally accepted accounting principles (“GAAP”). Generally, United has presented these “non-GAAP” financial measures because it believes that these measures provide meaningful additional information to assist in the evaluation of United’s results of operations or financial position. Presentation of these non-GAAP financial measures is consistent with how United’s management evaluates its performance internally and these non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the banking industry.

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Specifically, this press release contains certain references to financial measures identified as tax-equivalent (FTE) net interest income, the allowance for loan losses as a percentage of non-acquired loans, tangible equity and tangible book value per share. Management believes these non-GAAP financial measures to be helpful in understanding United’s results of operations or financial position.

Net interest income is presented in this press release on a tax-equivalent basis. The tax-equivalent basis adjusts for the tax-favored status of income from certain loans and investments. Although this is a non-GAAP measure, United’s management believes this measure is more widely used within the financial services industry and provides better comparability of net interest income arising from taxable and tax-exempt sources. United uses this measure to monitor net interest income performance and to manage its balance sheet composition. The tax-equivalent adjustment combines amounts of interest income on federally nontaxable loans and investment securities using the statutory federal income tax rate of 35%.

In accordance with accounting rules, United is unable to carry-over an acquired banking company’s previously established allowance for loan losses because acquired loans are recorded at fair value. Therefore, due to this acquisition accounting impact on the allowance for loans losses as well as loans, net of unearned income, management believes that excluding acquired loans in the calculation of the allowance for loan losses as a percentage of loans, net of unearned income reflects the difference in the accounting rules for acquired loans and originated loans as well as provides for improved comparability to prior periods and to other financial institutions without acquired loans.

Tangible common equity is calculated as GAAP total shareholders’ equity minus total intangible assets. Tangible common equity can thus be considered the most conservative valuation of the company. Tangible common equity is also presented on a per common share basis. Management provides these amounts to facilitate the understanding of as well as to assess the quality and composition of United’s capital structure. By removing the effect of intangible assets that result from merger and acquisition activity, the “permanent” items of common equity are presented. These two measures, along with others, are used by management to analyze capital adequacy.

Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as reconciliation to that comparable GAAP financial measure can be found in the attached financial information tables to this press release. Investors should recognize that United’s presentation of these non-GAAP financial measures might not be comparable to similarly titled measures at other companies. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and United strongly encourages a review of its condensed consolidated financial statements in their entirety.

Forward-Looking Statements

This press release contains certain forward-looking statements, including certain plans, expectations, goals and projections, which are subject to numerous assumptions, risks and uncertainties. Actual results could differ materially from those contained in or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of business strategies; the nature and extent of governmental actions and reforms; and rapidly changing technology and evolving banking industry standards.

UNITED BANKSHARES, INC. AND SUBSIDIARIES

FINANCIAL SUMMARY

(In Thousands Except for Per Share Data)

	Three Months Ended
	March 31 2016			March 31 2015			December 31 2015
EARNINGS SUMMARY:
Interest income, taxable equivalent (non-GAAP)	$	109,989		$	106,118		$	108,918
Interest expense		10,212			9,800			10,085
Net interest income, taxable equivalent (non-GAAP)		99,777			96,318			98,833
Taxable equivalent adjustment		1,493			1,569			1,678
Net interest income (GAAP)		98,284			94,749			97,155
Provision for loan losses		4,035			5,354			6,322
Noninterest income		16,392			18,191			18,125
Noninterest expense		58,056			57,655			58,618
Income before income taxes		52,585			49,931			50,340
Income taxes		17,879			15,304			16,864
Net income	$	34,706		$	34,627		$	33,476
PER COMMON SHARE:
Net income:
Basic	$	0.50		$	0.50		$	0.48
Diluted		0.50			0.50			0.48
Cash dividends		0.33			0.32			0.33
Book value		24.89			24.17			24.61
Closing market price	$	36.70		$	37.58		$	36.99
Common shares outstanding:
Actual at period end, net of treasury shares		69,706,341			69,437,341			69,603,097
Weighted average- basic		69,497,489			69,207,508			69,431,787
Weighted average- diluted		69,714,121			69,476,844			69,737,451
FINANCIAL RATIOS:
Return on average assets		1.13	%		1.16	%		1.07	%
Return on average shareholders’ equity		8.06	%		8.38	%		7.68	%
Average equity to average assets		14.02	%		13.80	%		13.97	%
Net interest margin		3.64	%		3.61	%		3.56	%
	March 31 2016			March 31 2015			December 31 2015
PERIOD END BALANCES:
Assets	$	12,606,884		$	12,141,519		$	12,577,944
Earning assets		11,268,979			10,780,177			11,243,862
Loans, net of unearned income		9,378,393			9,043,111			9,384,080
Loans held for sale		5,395			8,881			10,681
Investment securities		1,207,310			1,294,364			1,204,182
Total deposits		9,324,568			9,076,644			9,341,527
Shareholders’ equity		1,735,037			1,678,058			1,712,635

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

Consolidated Statements of Income

	Three Months Ended
	March 2016			March 2015			December 2015
Interest & Loan Fees Income (GAAP)	$	108,496		$	104,549		$	107,240
Tax equivalent adjustment		1,493			1,569			1,678
Interest & Fees Income (FTE) (non-GAAP)		109,989			106,118			108,918
Interest Expense		10,212			9,800			10,085
Net Interest Income (FTE) (non-GAAP)		99,777			96,318			98,833
Provision for Loan Losses		4,035			5,354			6,322
Non-Interest Income:
Fees from trust & brokerage services		4,869			4,892			4,525
Fees from deposit services		7,973			9,773			8,696
Bankcard fees and merchant discounts		838			814			1,498
Other charges, commissions, and fees		429			478			497
Income from bank owned life insurance		1,180			1,273			1,792
Mortgage banking income		728			545			634
Other non-interest revenue		371			404			454
Net other-than-temporary impairment losses		0			(34	)		(13	)
Net gains on sales/calls of investment securities		4			46			42
Total Non-Interest Income		16,392			18,191			18,125
Non-Interest Expense:
Employee compensation		22,279			20,268			24,431
Employee benefits		6,603			6,803			7,005
Net occupancy		6,253			6,529			5,576
Data processing		3,551			3,743			3,675
Amortization of intangibles		745			855			855
OREO expense		649			1,113			610
FDIC expense		2,120			2,094			2,114
Other expenses		15,856			16,250			14,352
Total Non-Interest Expense		58,056			57,655			58,618
Income Before Income Taxes (FTE) (non-GAAP)		54,078			51,500			52,018
Tax equivalent adjustment		1,493			1,569			1,678
Income Before Income Taxes (GAAP)		52,585			49,931			50,340
Taxes		17,879			15,304			16,864
Net Income	$	34,706		$	34,627		$	33,476
MEMO: Effective Tax Rate		34.00	%		30.65	%		33.50	%

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

Consolidated Balance Sheets

	March 31 2016 Q-T-D Average			March 31 2015 Q-T-D  Average			March 31 2016			December 31 2015
Cash & Cash Equivalents	$	667,631		$	668,175		$	904,841		$	857,335
Securities Available for Sale		1,061,101			1,168,324			1,068,252			1,066,334
Securities Held to Maturity		39,085			39,146			39,058			39,099
Other Investment Securities		94,835			95,817			100,000			98,749
Total Securities		1,195,021			1,303,287			1,207,310			1,204,182
Total Cash and Securities		1,862,652			1,971,462			2,112,151			2,061,517
Loans Held for Sale		6,083			6,545			5,395			10,681
Commercial Loans		7,063,371			6,846,563			7,068,819			7,096,595
Mortgage Loans		1,843,646			1,802,880			1,839,398			1,843,518
Consumer Loans		473,391			391,550			484,983			458,839
Gross Loans		9,380,408			9,040,993			9,393,200			9,398,952
Unearned Income		(15,054	)		(14,769	)		(14,807	)		(14,872	)
Loans, Net of Unearned Income		9,365,354			9,026,224			9,378,393			9,384,080
Allowance for Loan Losses		(75,674	)		(75,351	)		(75,490	)		(75,726	)
Goodwill		710,252			709,947			710,252			710,252
Other Intangibles		17,497			20,873			17,095			17,840
Total Intangibles		727,749			730,820			727,347			728,092
Real Estate Owned		33,638			38,894			28,981			32,228
Other Assets		429,136			440,692			430,107			437,072
Total Assets	$	12,348,938		$	12,139,286		$	12,606,884		$	12,577,944
MEMO: Earning Assets	$	11,009,263		$	10,777,299		$	11,268,979		$	11,243,862
Interest-bearing Deposits	$	6,586,241		$	6,442,066		$	6,531,997		$	6,641,569
Noninterest-bearing Deposits		2,662,307			2,507,695			2,792,571			2,699,958
Total Deposits		9,248,548			8,949,761			9,324,568			9,341,527
Short-term Borrowings		278,342			371,508			417,082			423,028
Long-term Borrowings		1,022,868			1,077,454			1,035,071			1,015,249
Total Borrowings		1,301,210			1,448,962			1,452,153			1,438,277
Other Liabilities		67,504			65,154			95,126			85,505
Total Liabilities		10,617,262			10,463,877			10,871,847			10,865,309
Preferred Equity		—			—			—			—
Common Equity		1,731,676			1,675,409			1,735,037			1,712,635
Total Shareholders’ Equity		1,731,676			1,675,409			1,735,037			1,712,635
Total Liabilities & Equity	$	12,348,938		$	12,139,286		$	12,606,884		$	12,577,944
MEMO: Interest-bearing Liabilities	$	7,887,451		$	7,891,028		$	7,984,150		$	8,079,846

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

	Three Months Ended
	March 2016			March 2015				December 2015
Quarterly Share Data:
Earnings Per Share:
Basic	$	0.50		$	0.50		��	$	0.48
Diluted	$	0.50		$	0.50			$	0.48
Common Dividend Declared Per Share	$	0.33		$	0.32			$	0.33
High Common Stock Price	$	37.85		$	38.88			$	43.13
Low Common Stock Price	$	32.22		$	33.25			$	35.78
Average Shares Outstanding (Net of Treasury Stock):
Basic		69,497,489			69,207,508				69,431,787
Diluted		69,714,121			69,476,844				69,737,451
Memorandum Items:
Tax Applicable to Security Sales/Calls	$	1		$	17			$	15
Common Dividends	$	23,001		$	22,211			$	22,967
Dividend Payout Ratio		66.27	%		64.14	%			68.61	%
	March 2016			March 2015				December 2015
EOP Share Data:
Book Value Per Share	$	24.89		$	24.17			$	24.61
Tangible Book Value Per Share(1)	$	14.46		$	13.64			$	14.15
52-week High Common Stock Price	$	43.43		$	38.88			$	43.43
Date		07/23/15			03/18/15				07/23/15
52-week Low Common Stock Price	$	32.22		$	28.19			$	33.25
Date		02/11/16			05/07/14				01/30/15
EOP Shares Outstanding (Net of Treasury Stock):		69,706,341			69,437,341				69,603,097
Memorandum Items:
EOP Employees (full-time equivalent)		1,670			1,708				1,701
Note:
(1) Tangible Book Value Per Share:
Total Shareholders’ Equity (GAAP)	$	1,735,037		$	1,678,058			$	1,712,635
Less: Total Intangibles		(727,347	)		(730,657	)			(728,092	)
Tangible Equity (non-GAAP)	$	1,007,690		$	947,401			$	984,543
÷ EOP Shares Outstanding (Net of Treasury Stock)		69,706,341			69,437,341				69,603,097
Tangible Book Value Per Share (non-GAAP)	$	14.46		$	13.64			$	14.15

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

	Three Months Ended
	March 2016			March 2015			December 2015
Selected Yields and Net Interest Margin:
Net Loans		4.34	%		4.35	%		4.31	%
Investment Securities		3.01	%		2.93	%		2.84	%
Money Market Investments/FFS		0.48	%		0.26	%		0.32	%
Average Earning Assets Yield		4.01	%		3.98	%		3.92	%
Interest-bearing Deposits		0.42	%		0.43	%		0.43	%
Short-term Borrowings		0.31	%		0.25	%		0.24	%
Long-term Borrowings		1.22	%		1.01	%		1.14	%
Average Liability Costs		0.52	%		0.50	%		0.51	%
Net Interest Spread		3.49	%		3.48	%		3.41	%
Net Interest Margin		3.64	%		3.61	%		3.56	%
Selected Financial Ratios:
Return on Average Common Equity		8.06	%		8.38	%		7.68	%
Return on Average Assets		1.13	%		1.16	%		1.07	%
Loan / Deposit Ratio		100.58	%		99.63	%		100.46	%
Allowance for Loan Losses/ Loans, net of unearned income		0.80	%		0.84	%		0.81	%
Allowance for Loan Losses/ Non-acquired Loans, net of unearned income(1)		0.98	%		1.09	%		1.00	%
Allowance for Credit Losses(2)/ Loans, net of unearned income		0.82	%		0.85	%		0.82	%
Nonaccrual Loans / Loans, net of unearned income		0.99	%		0.84	%		0.97	%
90-Day Past Due Loans/ Loans, net of unearned income		0.08	%		0.18	%		0.12	%
Non-performing Loans/ Loans, net of unearned income		1.33	%		1.26	%		1.35	%
Non-performing Assets/ Total Assets		1.22	%		1.25	%		1.26	%
Primary Capital Ratio		14.28	%		14.36	%		14.14	%
Shareholders’ Equity Ratio		13.76	%		13.82	%		13.62	%
Price / Book Ratio		1.47	x		1.56	x		1.50	x
Price / Earnings Ratio		18.43	x		18.85	x		18.67	x
Efficiency Ratio		50.63	%		51.05	%		50.85	%
Notes:
(1)    Allowance for Loan Losses (GAAP)	$	75,490		$	75,573		$	75,726
Loans, net of unearned income (GAAP)		9,378,393			9,043,111			9,384,080
Less: Acquired Loans (non-GAAP)		(1,698,353	)		(2,115,605	)		(1,791,023	)
Non-Acquired Loans, net of unearned income (non-GAAP)	$	7,680,040		$	6,927,506		$	7,593,057
Allowance for Loan Losses/ Non-acquired Loans, Net of Unearned Income (non-GAAP)		0.98	%		1.09	%		1.00	%
(2)    Includes allowances for loan losses and lending-related commitments.

UNITED BANKSHARES, INC. AND SUBSIDIARIES

Washington, D.C. and Charleston, WV

Stock Symbol: UBSI

(In Thousands Except for Per Share Data)

	March 2016				March 2015			December 2015
Asset Quality Data:
EOP Non-Accrual Loans	$	92,901			$	75,872		$	91,189
EOP 90-Day Past Due Loans		7,891				16,288			11,628
EOP Restructured Loans(2)		24,156				22,191			23,890
Total EOP Non-performing Loans	$	124,948			$	114,351		$	126,707
EOP Other Real Estate & Assets Owned		28,981				37,550			32,228
Total EOP Non-performing Assets	$	153,929			$	151,901		$	158,935
	Three Months Ended
	March 2016				March 2015			December 2015
Allowance for Credit Losses:(1)
Beginning Balance	$	76,662			$	77,047		$	76,658
Provision for Credit Losses(3)		4,292		��		5,311			6,080
		80,954				82,358			82,738
Gross Charge-offs		(6,946	)			(6,108	)		(7,357	)
Recoveries		2,675				798			1,281
Net Charge-offs		(4,271	)			(5,310	)		(6,076	)
Ending Balance	$	76,683			$	77,048		$	76,662

Notes:	(1)    Includes allowances for loan losses and lending-related commitments.
	(2)    Restructured loans with an aggregate balance of $11,450, $9,716 and $11,949 at March 31, 2016, March 31, 2015 and December 31, 2015, respectively, were on nonaccrual status, but are not included in the “EOP Non-Accrual Loans.”
	(3)    Includes the Provision for Loan Losses and a provision for lending-related commitments included in Other Expenses.