Exhibit 99.5

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

The following unaudited pro forma condensed combined financial data for Triumph Bancorp, Inc. (“Triumph” or the “Company”), First Bancorp of Durango, Inc. (“FBD”) and Southern Colorado Corp. (“SCC”), have been prepared to reflect the acquisitions of FBD and SCC by the Company, which were effective on September 8, 2018. The unaudited pro forma combined balance sheets as of June 30, 2018 give effect to the acquisitions as if they occurred on that date. The unaudited pro forma combined statements of income for the six months ended June 30, 2018 and the year ended December 31, 2017 give effect to the acquisitions as if they occurred on January 1, 2017.

The unaudited pro forma combined financial statements have been prepared using the acquisition method of accounting for business combinations under U.S. GAAP. The Company is the acquirer for accounting purposes. Under this method of accounting, the assets and liabilities of FBD and SCC were recorded by the Company at their estimated fair values, with the excess cost over the fair value of FBD’s and SCC’s net assets recorded as goodwill. The Company is currently in the process of obtaining fair values for certain assets and assumed liabilities; therefore, the following estimates are preliminary. Certain reclassifications have been made to the historical financial statements of FBD and SCC to conform to the presentation in the Company’s financial statements.

The following unaudited pro forma combined statements of income do not include the effects of any non-recurring costs associated with any restructuring or integration activities resulting from the acquisitions that had not yet been recorded at June 30, 2018, as they are non-recurring in nature and not factually supportable at this time.

The unaudited pro forma combined financial statements are provided for informational purposes only and are not necessarily, and should not be assumed to be, an indication of the results that would have been achieved had the transaction been completed as of the dates indicated or that may be achieved in the future. The preparation of the unaudited pro forma combined financial statements and related adjustments required management to make certain assumptions and estimates. The unaudited pro forma combined financial information is based on, and should be read together with:

• The accompanying notes to the unaudited pro forma combined financial statements;

• The Company’s audited consolidated financial statements and accompanying notes as of and for the year ended December 31, 2017, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017;

• FBD’s audited consolidated financial statements and accompanying notes as of and for the year ended December 31, 2017, included as Exhibit 99.1 in this Current Report on Form 8-K/A;

• SCC’s audited consolidated financial statements and accompanying notes as of and for the year ended December 31, 2017, included as Exhibit 99.2 in this Current Report on Form 8-K/A;

• The Company’s unaudited consolidated financial statements and accompanying notes as of and for the six months ended June 30, 2018, included in the Company’s Quarterly Report on Form 10-Q for the six months ended June 30, 2018;

• FBD’s unaudited consolidated financial statements and accompanying notes as of and for the six months ended June 30, 2018, included as Exhibit 99.3 in this Current Report on Form 8-K/A; and

• SCC’s unaudited consolidated financial statements and accompanying notes as of and for the six months ended June 30, 2018, included as Exhibit 99.4 in this Current Report on Form 8-K/A.

UNAUDITED PRO FORMA COMBINED BALANCE SHEETS

June 30, 2018

(Dollar amounts in thousands)

							FBD Pro forma				FBD Pro forma						SCC Pro forma				SCC Pro forma			Total Pro forma
	Triumph			FBD			Adjustments(1)				Combined			SCC			Adjustments(1)				Combined			Combined
ASSETS
Cash and cash equivalents	$	133,365		$	85,952		$	(134,667	)	A	$	84,650		$	11,374		$	(13,294	)	A	$	131,445		$	82,730
Securities - available for sale		183,184			256,434			—				439,618			34,258			—				217,442			473,876
Securities - equity investments		5,025			—			—				5,025			—			—				5,025			5,025
Securities - held to maturity		8,673			—			—				8,673			—			—				8,673			8,673
Loans held for sale, at fair value		—			2,019			—				2,019			—			—				—			2,019
Loans		3,196,462			269,189			(7,119	)	B		3,458,532			35,578			(490	)	B		3,231,550			3,493,620
Allowance for loan and lease losses		(24,547	)		(3,859	)		3,859		C		(24,547	)		(746	)		746		C		(24,547	)		(24,547	)
Loans, net of allowance for loan and lease losses		3,171,915			265,330			(3,260	)			3,433,985			34,832			256				3,207,003			3,469,073
Federal Home Loan Bank and Federal Reserve Bank stock, at cost		19,223			811			—				20,034			129			—				19,352			20,163
Premises and equipment, net		68,313			12,909			(5,128	)	D		76,094			1,248			(391	)	D		69,170			76,951
Other real estate owned, net		2,528			66			147		E		2,741			—			—				2,528			2,741
Goodwill		86,668			2,119			65,155		F		153,942			—			3,390		F		90,058			157,332
Intangible assets, net		31,109			17			11,898		G		43,024			—			2,154		G		33,263			45,178
Bank-owned life insurance		40,168			—			—				40,168			—			—				40,168			40,168
Deferred tax assets, net		8,810			—			—				8,810			—			—				8,810			8,810
Other assets		35,650			3,168			(185	)	H		38,633			461			(30	)	H		36,081			39,064
Total assets	$	3,794,631		$	628,825		$	(66,040	)		$	4,357,416		$	82,302		$	(7,915	)		$	3,869,018		$	4,431,803
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Deposits
Noninterest bearing	$	561,033		$	105,172		$	—			$	666,205		$	25,535		$	—			$	586,568		$	691,740
Interest bearing		2,063,909			454,344			—				2,518,253			48,647			—				2,112,556			2,566,900
Total deposits		2,624,942			559,516			—				3,184,458			74,182			—				2,699,124			3,258,640
Customer repurchase agreements		10,509			446			—				10,955			—			—				10,509			10,955
Federal Home Loan Bank advances		420,000			637			—				420,637			—			—				420,000			420,637
Subordinated notes		48,878			—			—				48,878			—			—				48,878			48,878
Junior subordinated debentures		38,849			—			—				38,849			—			—				38,849			38,849
Other liabilities		44,228			1,902			284		I		46,414			205			—				44,433			46,619
Total liabilities		3,187,406			562,501			284				3,750,191			74,387			—				3,261,793			3,824,578
Commitments and contingencies
Stockholders' equity
Preferred Stock		9,658			—			—				9,658			—			—				9,658			9,658
Common stock		264			384			(384	)	J		264			160			(160	)	J		264			264
Additional paid-in-capital		457,980			14,068			(14,068	)	J		457,980			5,370			(5,370	)	J		457,980			457,980
Treasury stock, at cost		(2,254	)		—			—				(2,254	)		—			—				(2,254	)		(2,254	)
Retained earnings		143,426			53,674			(53,674	)	J		143,426			2,654			(2,654	)	J		143,426			143,426
Note receivable for issuance of common stock		—			(469	)		469		J		—			—			—				—			—
Accumulated other comprehensive income		(1,849	)		(1,333	)		1,333		J		(1,849	)		(269	)		269		J		(1,849	)		(1,849	)
Total stockholders’ equity		607,225			66,324			(66,324	)			607,225			7,915			(7,915	)			607,225			607,225
Total liabilities and stockholders' equity	$	3,794,631		$	628,825		$	(66,040	)		$	4,357,416		$	82,302		$	(7,915	)		$	3,869,018		$	4,431,803

⁽¹⁾ See Note 3 of the Notes to the Unaudited Pro Forma Combined Financial Statements

UNAUDITED PRO FORMA COMBINED STATEMENTS OF INCOME

For the Six Months Ended June 30, 2018

(Dollar amounts in thousands, except per share amounts)

							FBD Pro forma				FBD Pro forma						SCC Pro forma				SCC Pro forma			Total Pro forma
	Triumph			FBD			Adjustments(1)				Combined			SCC			Adjustments(1)				Combined			Combined
Interest and dividend income:
Loans, including fees	$	75,031		$	7,046		$	396		K	$	82,473		$	966		$	31		K	$	76,028		$	83,470
Factored receivables, including fees		36,094			—			—				36,094			—			—				36,094			36,094
Securities		2,489			3,189			—				5,678			356			—				2,845			6,034
Federal Home Loan Bank and Federal Reserve Bank stock		206			12			—				218			2			—				208			220
Cash deposits		1,547			454			—				2,001			61			—				1,608			2,062
Total interest income		115,367			10,701			396				126,464			1,385			31				116,783			127,880
Interest expense:
Deposits		8,908			715			—				9,623			154			—				9,062			9,777
Subordinated notes		1,675			—			—				1,675			—			—				1,675			1,675
Junior subordinated debentures		1,310			—			—				1,310			—			—				1,310			1,310
Other borrowings		3,087			20			—				3,107			3			—				3,090			3,110
Total interest expense		14,980			735			—				15,715			157			—				15,137			15,872
Net interest income		100,387			9,966			396				110,749			1,228			31				101,646			112,008
Provision for loan losses		7,454			(119	)		—				7,335			(400	)		—				7,054			6,935
Net interest income after provision for loan losses		92,933			10,085			396				103,414			1,628			31				94,592			105,073
Noninterest income:
Service charges on deposits		2,355			687			—				3,042			51			—				2,406			3,093
Card income		2,638			1,002			—				3,640			100			—				2,738			3,740
Net OREO gains (losses) and valuation adjustments		(616	)		(797	)		—				(1,413	)		92			—				(524	)		(1,321	)
Net gains (losses) on sale of securities		(272	)		(3	)		—				(275	)		(2	)		—				(274	)		(277	)
Net gains on sale of loans		—			206			—				206			64			—				64			270
Fee income		1,921			166			—				2,087			—			—				1,921			2,087
Insurance commissions		1,533			—			—				1,533			—			—				1,533			1,533
Gain on sale of subsidiary or division		1,071			—			—				1,071			—			—				1,071			1,071
Other		1,487			327			—				1,814			15			—				1,502			1,829
Total noninterest income		10,117			1,588			—				11,705			320			—				10,437			12,025
Noninterest expense:
Salaries and employee benefits		39,931			4,895			—				44,826			625			—				40,556			45,451
Occupancy, furniture and equipment		6,068			1,233			(416	)	L		6,885			145			(36	)	L		6,177			6,994
FDIC insurance and other regulatory assessments		582			126			—				708			13			—				595			721
Professional fees		3,718			963			—				4,681			218			—				3,936			4,899
Amortization of intangible assets		2,478			18			957		M		3,453			—			176		M		2,654			3,629
Advertising and promotion		2,329			312			—				2,641			48			—				2,377			2,689
Communications and technology		6,630			699			—				7,329			68			—				6,698			7,397
Other		9,709			1,445			—				11,154			157			—				9,866			11,311
Total noninterest expense		71,445			9,691			541				81,677			1,274			140				72,859			83,091
Net income before income tax		31,605			1,982			(145	)			33,442			674			(109	)			32,170			34,007
Income tax expense (benefit)		7,152			—			416		N		7,568			—			128		N		7,280			7,696
Net income		24,453			1,982			(561	)			25,874			674			(237	)			24,890			26,311
Dividends on preferred stock		(383	)		—			—				(383	)		—			—				(383	)		(383	)
Net income available to common stockholders	$	24,070		$	1,982		$	(561	)		$	25,491		$	674		$	(237	)		$	24,507		$	25,928
Earnings per common share
Basic	$	1.04									$	1.01									$	1.05		$	1.02
Diluted	$	1.02									$	0.99									$	1.03		$	1.00

⁽¹⁾ See Note 3 of the Notes to the Unaudited Pro Forma Combined Financial Statements

UNAUDITED PRO FORMA COMBINED STATEMENTS OF INCOME

For the Year Ended December 31, 2017

(Dollar amounts in thousands, except per share amounts)

							FBD Pro forma				FBD Pro forma						SCC Pro forma				SCC Pro forma			Total Pro forma
	Triumph			FBD			Adjustments(1)				Combined			SCC			Adjustments(1)				Combined			Combined
Interest and dividend income:
Loans, including fees	$	121,567		$	12,780		$	995		K	$	135,342		$	1,937		$	84		K	$	123,588		$	137,363
Factored receivables, including fees		47,177			—			—				47,177			—			—				47,177			47,177
Securities		6,823			7,106			—				13,929			619			—				7,442			14,548
Federal Home Loan Bank and Federal Reserve Bank stock		207			20			—				227			4			—				211			231
Cash deposits		1,450			532			—				1,982			92			—				1,542			2,074
Total interest income		177,224			20,438			995				198,657			2,652			84				179,960			201,393
Interest expense:
Deposits		13,082			920			—				14,002			233			—				13,315			14,235
Subordinated notes		3,344			—			—				3,344			—			—				3,344			3,344
Junior subordinated debentures		1,955			—			—				1,955			—			—				1,955			1,955
Other borrowings		3,159			43			—				3,202			21			—				3,180			3,223
Total interest expense		21,540			963			—				22,503			254			—				21,794			22,757
Net interest income		155,684			19,475			995				176,154			2,398			84				158,166			178,636
Provision for loan losses		11,628			(17	)		—				11,611			(200	)		—				11,428			11,411
Net interest income after provision for loan losses		144,056			19,492			995				164,543			2,598			84				146,738			167,225
Noninterest income:
Service charges on deposits		4,181			1,347			—				5,528			99			—				4,280			5,627
Card income		3,822			1,927			—				5,749			184			—				4,006			5,933
Net OREO gains (losses) and valuation adjustments		(850	)		(32	)		—				(882	)		(7	)		—				(857	)		(889	)
Net gains (losses) on sale of securities		35			267			—				302			16			—				51			318
Net gains on sale of loans		—			512			—				512			192			—				192			704
Fee income		2,503			331			—				2,834			—			—				2,503			2,834
Insurance commissions		2,981			—			—				2,981			—			—				2,981			2,981
Gain on sale of subsidiary		20,860			—			—				20,860			—			—				20,860			20,860
Asset management fees		1,717			—			—				1,717			—			—				1,717			1,717
Other		5,407			562			—				5,969			26			—				5,433			5,995
Total noninterest income		40,656			4,914			—				45,570			510			—				41,166			46,080
Noninterest expense:
Salaries and employee benefits		72,696			9,963			—				82,659			1,173			—				73,869			83,832
Occupancy, furniture and equipment		9,833			2,417			(470	)	L		11,780			294			(73	)	L		10,054			12,001
FDIC insurance and other regulatory assessments		1,201			228			—				1,429			20			—				1,221			1,449
Professional fees		7,192			1,319			—				8,511			290			—				7,482			8,801
Amortization of intangible assets		5,201			54			2,112		M		7,367			—			392		M		5,593			7,759
Advertising and promotion		3,226			536			—				3,762			82			—				3,308			3,844
Communications and technology		8,843			1,303			—				10,146			142			—				8,985			10,288
Other		15,422			2,893			—				18,315			442			—				15,864			18,757
Total noninterest expense		123,614			18,713			1,642				143,969			2,443			319				126,376			146,731
Net income before income tax		61,098			5,693			(647	)			66,144			665			(235	)			61,528			66,574
Income tax expense		24,878			—			2,055		N		26,933			—			175		N		25,053			27,108
Net income		36,220			5,693			(2,702	)			39,211			665			(410	)			36,475			39,466
Dividends on preferred stock		(774	)		—			—				(774	)		—			—				(774	)		(774	)
Net income available to common stockholders	$	35,446		$	5,693		$	(2,702	)		$	38,437		$	665		$	(410	)		$	35,701		$	38,692
Earnings per common share
Basic	$	1.85									$	1.68									$	1.83		$	1.66
Diluted	$	1.81									$	1.65									$	1.79		$	1.63

⁽¹⁾ See Note 3 of the Notes to the Unaudited Pro Forma Combined Financial Statements

NOTES TO UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS

NOTE 1 – BASIS OF PRO FORMA PRESENTATION

The unaudited pro forma combined balance sheets as of June 30, 2018 and the unaudited pro forma combined statements of income for the six months ended June 30, 2018 and the year ended December 31, 2017 are based on the historical financial statements of the Company, FBD, and SCC after giving effect to the completion of the acquisitions and the assumptions and adjustments described in the accompanying notes. The unaudited pro forma combined balance sheets as of June 30, 2018 give effect to the acquisitions and other adjustments as if they occurred on that date. The unaudited pro forma combined statements of income for the six months ended June 30, 2018 and the year ended December 31, 2017 give effect to the acquisitions as if they occurred on January 1, 2017. Such financial statements do not reflect cost savings or operating synergies expected to result from the acquisition, or the cost to achieve these cost savings or operating synergies, or any anticipated disposition of assets or liquidation of liabilities that may result from the integration of the operations of the three companies.

The transaction was accounted for under the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations (“ASC 805”). Under ASC 805, all of the assets acquired and liabilities assumed in a business combination are recognized at their acquisition-date fair values, while transaction and restructuring costs associated with the business combination are expensed as incurred. The excess of the purchase price over the fair value of assets acquired and liabilities assumed is allocated to goodwill, which resulted from the combination of expected operational synergies and expanded market share.

The unaudited pro forma information is presented solely for informational purposes and is not necessarily indicative of the combined results of operation or financial position that might have been achieved for the periods or dates indicated, nor is it necessarily indicative of the future results of the combined company.

NOTE 2 – PRO FORMA UNAUDITED PURCHASE PRICE AND PURCHASE PRICE ALLOCATION

Pursuant to the acquisition agreements between the Company and FBD as well as the Company and SCC, the Company paid $147,961,000 in cash for the outstanding common stock of FBD and SCC. The following table presents the preliminary purchase accounting allocations used in the pro forma financial statements as of June 30, 2018:

(Dollars in thousands)	FBD		SCC		Total
Fair value of assets acquired:
Cash and cash equivalents	$	85,952	$	11,374	$	97,326
Securities		256,434		34,258		290,692
Loans held for sale		2,019		—		2,019
Loans		262,070		35,088		297,158
FHLB stock		811		129		940
Premises and equipment		7,781		857		8,638
Other real estate owned		213		—		213
Intangible assets		11,915		2,154		14,069
Other assets		2,983		431		3,414
		630,178		84,291		714,469
Fair value of liabilities assumed:
Deposits		559,516		74,182		633,698
Customer repurchase agreements		446		—		446
Federal Home Loan Bank advances		637		—		637
Other liabilities		2,186		205		2,391
		562,785		74,387		637,172
Fair value of net assets acquired		67,393		9,904		77,297
Cash consideration transferred		134,667		13,294		147,961
Goodwill	$	67,274	$	3,390	$	70,664

Under the acquisition method of accounting, the total purchase price is allocated to the acquired tangible and intangible assets and assumed liabilities of FBD and SCC based on their estimated fair values as of the closing of the acquisitions. The excess of the purchase price over the fair value of assets acquired and liabilities assumed, if any, is allocated to goodwill.

The preliminary allocation is based on estimates, assumptions, valuations, and other studies which have not progressed to a stage where there is sufficient information to make a definitive allocation. Accordingly, the pro forma purchase price allocation and unaudited pro forma adjustments will remain preliminary until the Company's management determines the final fair value of assets acquired and liabilities assumed. The final determination of the purchase price allocation is anticipated to be completed at the earlier of (i) twelve months from the date of the acquisitions or (ii) as soon as the Company receives the information it was seeking about facts and circumstances that existed as of the acquisition date or learns that more information is not obtainable. The final amounts allocated to assets acquired and liabilities assumed could differ significantly from the amounts presented in the unaudited pro forma combined financial statements.

Identifiable intangible assets. The preliminary fair values of intangible assets were determined based on the provisions of ASC 805, which defines fair value in accordance with ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Intangible assets were identified that met either the separability criterion or the contractual-legal criterion described in ASC 805.

The Company has preliminarily allocated $14,069,000 to amortizable core deposit intangible assets acquired. The amortization related to the preliminary fair value of net amortizable intangible assets is reflected as a pro forma adjustment to the unaudited pro forma combined financial statements.  The core deposit intangibles will be amortized over a ten year period on an accelerated basis which is expected to produce the following amortization expense for the combined operations:

(Dollars in thousands)	FBD		SCC		Total
Year 1	$	2,166	$	392	$	2,558
Year 2		1,950		352		2,302
Year 3		1,733		313		2,046
Year 4		1,516		274		1,790
Year 5		1,300		235		1,535
Thereafter		3,250		588		3,838
	$	11,915	$	2,154	$	14,069

Goodwill. Goodwill represents the excess of the purchase price over the fair value of the underlying net assets acquired. In accordance with ASC Topic 350, Intangibles – Goodwill and Other, goodwill will not be amortized, but instead will be tested for impairment at least annually and whenever events or circumstances have occurred that may indicate a possible impairment. In the event management determines that the value of goodwill has become impaired, the combined company will incur an accounting charge for the amount of the impairment during the period in which the determination is made.

NOTE 3 – PRELIMINARY UNAUDITED PRO FORMA ADJUSTMENTS

The unaudited pro forma financial information is not necessarily indicative of what the financial position actually would have been had the acquisitions been completed at the date indicated, and includes adjustments which are preliminary and may be revised. Such revisions may result in material changes. The financial position shown herein is not necessarily indicative of what the past financial position of the combined companies would have been, nor necessarily indicative of the financial position of the post-acquisition periods. The unaudited pro forma financial information does not give consideration to the impact of possible expense efficiencies, synergies, or other actions that may result from the acquisition.

The following unaudited pro forma adjustments result from accounting for the acquisitions, including the determination of fair value of the assets, liabilities and commitments which the Company, as the acquirer for accounting purposes, acquired from FBD and SCC. Additionally, because FBD and SCC were Subchapter S corporations before the acquisitions and did not incur any federal income tax liabilities, adjustments have been included to estimate the impact of federal income taxes on FBD and SCC’s net income for the periods presented. The descriptions related to these preliminary adjustments are as follows (in thousands):

Balance Sheets

	June 30, 2018
	FBD			SCC			Total
A   Adjustments to cash
To reflect cash consideration for outstanding FBD and SCC common stock	$	(134,667	)	$	(13,294	)	$	(147,961	)
B   Adjustments to loans
To reflect estimated fair value at acquisition date. The estimated fair value includes an analysis of expected cash flows, which considers credit losses expected over the assumed life of the portfolio as a result of future events and other factors.  The expected cash flows were present valued using current market discount rates for similar lending arrangements to arrive at the estimated fair value	$	(7,119	)	$	(490	)	$	(7,609	)
C   Adjustments to allowance for loan and lease losses
To eliminate FBD and SCC historical allowance for loan and lease losses, as credit risk is contemplated in the fair value adjustments to loans	$	3,859		$	746		$	4,605
D   Adjustments to premises and equipment, net
To reflect estimated fair value at acquisition date. The adjustment to premises and equipment was based on independent third party appraisals obtained on acquired land and buildings	$	(5,128	)	$	(391	)	$	(5,519	)
E   Adjustments to other real estate owned, net
To reflect estimated fair value at acquisition date. The estimated fair value of other real estate owned was based on independent third party appraisals, less estimated costs to sell	$	147		$	—		$	147
F   Adjustments to goodwill
To reflect the goodwill associated with the FBD and SCC acquisitions	$	67,274		$	3,390		$	70,664
To eliminate FBD historical acquired goodwill		(2,119	)		—			(2,119	)
	$	65,155		$	3,390		$	68,545
G   Adjustments to intangible assets, net
To reflect the estimated core deposit intangible assests associated with the acquisitions. The core deposit intangible assets were estimated by comparing the cost of alternative funding sources to the cost of the deposit base of FBD and SCC.  Time deposits are generally not included in the analysis, which uses a discounted cash flow approach	$	11,915		$	2,154		$	14,069
To eliminate FBD historical acquired intangible asset		(17	)		—			(17	)
	$	11,898		$	2,154		$	14,052
H   Adjustments to other assets
To reflect estimated fair value at acquisition date	$	(185	)	$	(30	)	$	(215	)
I   Adjustments to other liabilities
To reflect estimated fair value at acquisition date	$	284		$	—		$	284
J   Adjustments to stockholders' equity
To eliminate FBD and SCC historical common stock	$	(384	)	$	(160	)	$	(544	)
To eliminate FBD and SCC historical additional paid-in-capital		(14,068	)	$	(5,370	)		(19,438	)
To eliminate FBD and SCC historical retained earnings		(53,674	)		(2,654	)		(56,328	)
To eliminate FBD historical note receivable for issuance of common stock		469			—			469
To eliminate FBD and SCC historical accumulated other comprehensive income		1,333			269			1,602
	$	(66,324	)	$	(7,915	)	$	(74,239	)

Statements of Income

	Six Months Ended June 30, 2018									Year Ended December 31, 2017
	FBD			SCC			Total			FBD			SCC			Total
K   Adjustments to loan interest income
To reflect accretion of loan discounts resulting from the loan fair value adjustments. The discounts will be accreted under the effective interest method as an increase to interest income on a pro rata basis based on the contractual maturities of the underlying loans	$	396		$	31		$	427		$	995		$	84		$	1,079
L   Adjustments to occupancy, furniture and equipment expense
To reflect depreciation resulting from premises and equipment fair value adjustments. The fair value of premises and equipment will be depreciated over the remaining estimated useful lives on a straight-line basis	$	132		$	17		$	149		$	518		$	33		$	551
To eliminate FBD and SCC historical depreciation expense associated with premises and equipment that have been adjusted to fair value		(548	)		(53	)		(601	)		(988	)		(106	)		(1,094	)
	$	(416	)	$	(36	)	$	(452	)	$	(470	)	$	(73	)	$	(543	)
M   Adjustments to amortization of intangible assets expense
To reflect amortization of acquired intangible assets. The core deposit intangibles will be amortized over a ten year period on an accelerated basis	$	975		$	176		$	1,151		$	2,166		$	392		$	2,558
To eliminate FBD historical amortization of intangible assets		(18	)		—			(18	)		(54	)		—			(54	)
	$	957		$	176		$	1,133		$	2,112		$	392		$	2,504
N   Adjustments to income tax expense (benefit)
To reflect the income tax expense of the pro forma combined entity using the Company’s historical effective tax rate. The pro forma adjustment for income tax expense considers the pretax income of FBD and SCC as well as the income statement pro forma adjustments for the periods	$	416		$	128		$	544		$	2,055		$	175		$	2,230

NOTE 4 – UNAUDITED EARNINGS PER COMMON SHARE

Unaudited pro forma earnings per common share for the six months ended June 30, 2018 and the year ended December 31, 2017 have been calculated using the Company’s weighted average common shares outstanding for the respective periods increased by the portion of the common shares sold in the Company’s April 12, 2018 underwritten public offering for which the proceeds were assumed to be used for the purpose of funding the acquisitions of FBD and SCC. The weighted average impact of the common shares assumed to have been issued to fund the acquisitions was calculated as if the shares were issued on January 1, 2017.

The following table sets forth the calculation of basic and diluted unaudited pro forma earnings per common share for the six months ended June 30, 2018:

	Six Months Ended June 30, 2018
(Dollars in thousands)	FBD		SCC		Total
Basic
Net income to common stockholders	$	25,491	$	24,507	$	25,928
Weighted average common shares outstanding		23,133,489		23,133,489		23,133,489
Pro forma adjustment for assumed stock issuance		2,135,792		210,838		2,346,630
Pro forma weighted average common shares outstanding		25,269,281		23,344,327		25,480,119
Basic earnings per common share	$	1.01	$	1.05	$	1.02
Diluted
Net income to common stockholders	$	25,491	$	24,507	$	25,928
Dilutive effect of preferred stock		383		383		383
Net income to common stockholders - diluted	$	25,874	$	24,890	$	26,311
Pro forma weighted average common shares outstanding		25,269,281		23,344,327		25,480,119
Dilutive effects of:
Assumed conversion of Preferred A		315,773		315,773		315,773
Assumed conversion of Preferred B		354,471		354,471		354,471
Assumed exercises of stock warrants		—		—		—
Assumed exercises of stock options		85,123		85,123		85,123
Restricted stock awards		60,425		60,425		60,425
Restricted stock units		862		862		862
Average shares and dilutive potential common shares		26,085,935		24,160,981		26,296,773
Dilutive earnings per common share	$	0.99	$	1.03	$	1.00

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

	Six Months Ended June 30, 2018
	FBD		SCC		Total
Shares assumed to be converted from Preferred Stock Series A		—		—		—
Shares assumed to be converted from Preferred Stock Series B		—		—		—
Stock options		51,952		51,952		51,952
Restricted stock awards		—		—		—
Restricted stock units		—		—		—
Performance stock units		59,658		59,658		59,658

The following table sets forth the calculation of basic and diluted unaudited pro forma earnings per common share for the year ended December 31, 2017:

	Year Ended December 31, 2017
(Dollars in thousands)	FBD		SCC		Total
Basic
Net income to common stockholders	$	38,437	$	35,701	$	38,692
Weighted average common shares outstanding		19,133,745		19,133,745		19,133,745
Pro forma adjustment for assumed stock issuance		3,789,984		374,134		4,164,118
Pro forma weighted average common shares outstanding		22,923,729		19,507,879		23,297,863
Basic earnings per common share	$	1.68	$	1.83	$	1.66
Diluted
Net income to common stockholders	$	38,437	$	35,701	$	38,692
Dilutive effect of preferred stock		774		774		774
Net income to common stockholders - diluted	$	39,211	$	36,475	$	39,466
Pro forma weighted average common shares outstanding		22,923,729		19,507,879		23,297,863
Dilutive effects of:
Assumed conversion of Preferred A		315,773		315,773		315,773
Assumed conversion of Preferred B		354,471		354,471		354,471
Assumed exercises of stock warrants		82,567		82,567		82,567
Assumed exercises of stock options		45,653		45,653		45,653
Restricted stock awards		68,079		68,079		68,079
Restricted stock units		—		—		—
Average shares and dilutive potential common shares		23,790,272		20,374,422		24,164,406
Dilutive earnings per common share	$	1.65	$	1.79	$	1.63

Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:

	Year Ended December 31, 2017
	FBD		SCC		Total
Shares assumed to be converted from Preferred Stock Series A		—		—		—
Shares assumed to be converted from Preferred Stock Series B		—		—		—
Stock options		57,926		57,926		57,926
Restricted stock awards		—		—		—
Restricted stock units		—		—		—
Performance stock units		—		—		—