Exhibit 99.2

STERLING FINANCIAL CORPORATION
SELECTED FINANCIAL DATA

(DOLLAR AMOUNTS IN THOUSANDS,
EXCEPT PER SHARE AMOUNTS, UNAUDITED)

	SEPT 30, 2005			JUNE 30, 2005			SEPT 30, 2004 (1)

ASSETS:
CASH AND CASH EQUIVALENTS	$	126,812		$	126,345		$	106,023
LOANS RECEIVABLE, NET	4,287,684			4,181,265			4,021,008
LOANS HELD FOR SALE	26,091			15,559			16,367
INVESTMENTS AND MORTGAGE-BACKED SECURITIES (MBS) AVAILABLE FOR SALE	1,915,287			1,996,804			2,173,086
INVESTMENTS AND MBS HELD TO MATURITY	49,716			49,908			47,841
OFFICE PROPERTIES AND EQUIPMENT, NET	81,007			80,582			77,920
REAL ESTATE OWNED AND OTHER COLLATERALIZED ASSETS, NET	2,454			2,463			3,447
GOODWILL, NET	112,391			112,391			111,050
OTHER INTANGIBLE ASSETS, NET	18,180			18,736			20,403
BANK OWNED LIFE INSURANCE (BOLI)	107,122			95,957			92,792
PREPAID EXPENSES AND OTHER ASSETS, NET	69,304			63,802			63,509

TOTAL ASSETS	$	6,796,048		$	6,743,812		$	6,733,446

LIABILITIES:
DEPOSITS	$	4,390,757		$	4,200,196		$	3,776,932
ADVANCES FROM FEDERAL HOME LOAN BANK OF SEATTLE	1,266,874			1,317,141			1,593,503
REPURCHASE AGREEMENTS AND FED FUNDS	461,594			536,152			681,843
OTHER BORROWINGS	110,683			111,152			166,134
ACCRUED EXPENSES AND OTHER LIABILITIES	66,457			75,684			67,797
TOTAL LIABILITIES	6,296,365			6,240,325			6,286,209

SHAREHOLDERS’ EQUITY:
COMMON STOCK	34,725			23,084			22,791
ADDITIONAL PAID-IN CAPITAL	384,409			395,865			386,322
ACCUMULATED COMPREHENSIVE INCOME (LOSS):
UNREALIZED LOSS ON INVESTMENTS AND MBS (2)	(26,635		)	(10,494		)	(9,481		)
RETAINED EARNINGS	107,184			95,032			47,605
TOTAL SHAREHOLDERS’ EQUITY	499,683			503,487			447,237

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	6,796,048		$	6,743,812		$	6,733,446

BOOK VALUE PER SHARE (3)	$	14.39		$	14.54		$	13.08

TANGIBLE BOOK VALUE PER SHARE (3)(4)	$	10.63		$	10.75		$	9.24

SHARES OUTSTANDING AT END OF PERIOD	34,725,400			23,084,300			22,791,122

SHAREHOLDERS’ EQUITY TO TOTAL ASSETS	7.35		%	7.47		%	6.64		%

TANGIBLE SHAREHOLDERS’ EQUITY TO TANGIBLE ASSETS (5)	5.54		%	5.63		%	4.78		%

(1)	Certain prior period amounts have been reclassified to conform with the current period’s presentation.

(2)	Net of deferred income taxes.

(3)	Prior period amounts have been restated to reflect the 3 for 2 stock split that occurred on August 31, 2005.

(4)	Amount represents shareholders’ equity less net goodwill and other intangible assets divided by total shares outstanding.

(5)	Amount represents shareholders’ equity less net goodwill and other intangible assets divided by assets less net goodwill and other intangible assets.

STERLING FINANCIAL CORPORATION

SELECTED FINANCIAL DATA

(DOLLAR AMOUNTS IN THOUSANDS,

EXCEPT PER SHARE AMOUNTS, UNAUDITED)

	THREE MONTHS ENDED									NINE MONTHS ENDED
	SEPT 30,			JUNE 30,			SEPT 30,			SEPT 30,			SEPT 30,
	2005			2005			2004 (1)			2005			2004 (1)
INTEREST INCOME:
LOANS	$	73,375		$	72,619		$	57,665		$	214,037		$	165,724
MORTGAGE-BACKED SECURITIES	20,757			21,858			22,642			65,697			61,985
INVESTMENTS AND CASH	642			579			1,319			2,162			4,548
TOTAL INTEREST INCOME	94,774			95,056			81,626			281,896			232,257

INTEREST EXPENSE:
DEPOSITS	23,827			21,105			13,696			63,255			38,233
BORROWINGS	17,859			20,137			17,729			58,921			49,410
TOTAL INTEREST EXPENSE	41,686			41,242			31,425			122,176			87,643

NET INTEREST INCOME	53,088			53,814			50,201			159,720			144,614

PROVISION FOR LOSSES ON LOANS	(3,400		)	(3,400		)	(3,000		)	(10,550		)	(8,850		)
NET INTEREST INCOME AFTER PROVISION	49,688			50,414			47,201			149,170			135,764

NON INTEREST INCOME:
FEES AND SERVICE CHARGES	9,260			8,205			8,116			24,868			24,836
MORTGAGE BANKING OPERATIONS	2,969			6,106			1,477			14,447			4,440
LOAN SERVICING FEES	90			103			129			330			435
NET GAIN (LOSS) ON SALES OF SECURITIES	0			0			1,264			(57		)	4,571
REAL ESTATE OWNED OPERATIONS	(23		)	99			196			188			(120		)
BOLI	1,164			1,107			1,089			3,331			3,342
GAIN RELATED TO EARLY REPAYMENT OF DEBT	0			0			0			645			0
OTHER NONINTEREST INCOME (EXPENSE)	(154		)	(215		)	396			(402		)	(130		)
TOTAL NON INTEREST INCOME	13,306			15,405			12,667			43,350			37,374

NON INTEREST EXPENSE:
EMPLOYEE COMPENSATION AND BENEFITS	23,274			22,334			19,286			67,625			57,610
OCCUPANCY AND EQUIPMENT	6,578			6,617			5,901			19,241			17,048
AMORTIZATION OF CORE DEPOSIT INTANGIBLES	556			555			556			1,667			1,667
MERGER AND ACQUISITION COSTS	0			0			0			0			4,835
OTHER	12,191			12,096			10,827			35,315			30,217
TOTAL NON INTEREST EXPENSE	42,599			41,602			36,570			123,848			111,377

INCOME BEFORE INCOME TAXES	20,395			24,217			23,298			68,672			61,761
INCOME TAX PROVISION	(6,505		)	(8,209		)	(7,988		)	(22,883		)	(20,984		)

NET INCOME	$	13,890		$	16,008		$	15,310		$	45,789		$	40,777

EARNINGS PER SHARE - BASIC (2)	$	0.40		$	0.46		$	0.45		$	1.32		$	1.21
EARNINGS PER SHARE - DILUTED (2)	$	0.40		$	0.46		$	0.44		$	1.31		$	1.18

CORE EARNINGS (3)	$	13,890		$	16,008		$	14,488		$	45,419		$	40,949
CORE EARNINGS PER SHARE - BASIC (3)	$	0.40		$	0.46		$	0.42		$	1.31		$	1.21
CORE EARNINGS PER SHARE - DILUTED (3)	$	0.40		$	0.46		$	0.42		$	1.30		$	1.18

WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (2)	34,660,107			34,597,964			34,015,769			34,581,606			33,811,065
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (2)	35,097,474			35,022,597			34,721,952			35,033,011			34,626,014

(1) Certain prior period amounts have been reclassified to conform with the current period’s presentation.

(2) Weighted average shares and per share amounts for prior periods have been restated to reflect the 3 for 2 stock split that occurred on August 31, 2005.

(3) Core earnings per share excludes net securities gains (losses), merger and acquisition costs and gains (losses) related to early repayment of debt, net of related income taxes. See Exhibit A for a reconciliation to reported earnings per share. Management believes that this presentation of non-GAAP information regarding core earnings provides useful information to investors regarding the registrant’s financial condition and results of operations as core earnings are widely used for comparison purposes in the financial services industry.

STERLING FINANCIAL CORPORATION

SELECTED FINANCIAL DATA

(DOLLAR AMOUNTS IN THOUSANDS,

EXCEPT PER SHARE AMOUNTS, UNAUDITED)

	THREE MONTHS ENDED									NINE MONTHS ENDED
	SEPT 30,			JUNE 30,			SEPT 30,			SEPT 30,			SEPT 30,
	2005			2005			2004 (1)			2005			2004 (1)

NET INTEREST SPREAD:
YIELD ON LOAN PORTFOLIO	6.77		%	6.44		%	5.91		%	6.46		%	5.92		%
YIELD ON MORTGAGE-BACKED SECURITIES	4.43		%	4.53		%	4.54		%	4.53		%	4.50		%
YIELD ON INVESTMENTS AND CASH	1.50		%	1.44		%	3.10		%	1.72		%	3.07		%
YIELD ON INTEREST-EARNING ASSETS	5.94		%	5.76		%	5.38		%	5.77		%	5.37		%

COST OF DEPOSITS	2.20		%	2.04		%	1.46		%	2.03		%	1.42		%
COST OF BORROWINGS	3.76		%	3.48		%	3.19		%	3.52		%	3.12		%
COST OF INTEREST-BEARING LIABILITIES	2.67		%	2.55		%	2.11		%	2.55		%	2.05		%

NET INTEREST SPREAD	3.27		%	3.21		%	3.27		%	3.22		%	3.32		%

NET INTEREST MARGIN	3.33		%	3.26		%	3.31		%	3.27		%	3.35		%

PERFORMANCE RATIOS:
RETURN ON AVERAGE ASSETS	0.81		%	0.92		%	0.94		%	0.88		%	0.87		%
RETURN ON AVERAGE ASSETS, CORE OPERATING BASIS (2)	0.81		%	0.92		%	0.89		%	0.87		%	0.88		%
RETURN ON AVERAGE SHAREHOLDERS’ EQUITY	10.8		%	13.4		%	14.6		%	12.5		%	13.0		%
RETURN ON AVERAGE SHAREHOLDERS’ EQUITY, CORE OPERATING BASIS (2)	10.8		%	13.4		%	13.9		%	12.4		%	13.1		%
RETURN ON AVERAGE TANGIBLE EQUITY (3)	14.6		%	18.5		%	22.8		%	17.1		%	20.1		%
OPERATING EFFICIENCY	64.2		%	60.1		%	58.2		%	61.0		%	61.2		%
OPERATING EFFICIENCY, CORE OPERATING BASIS (2)	64.2		%	60.1		%	60.2		%	61.3		%	61.0		%
NONINTEREST EXPENSE TO AVERAGE ASSETS (ANNUALIZED)	2.49		%	2.39		%	2.24		%	2.38		%	2.39		%

CAPITAL ADEQUACY:
SHAREHOLDERS’ EQUITY TO TOTAL ASSETS RATIO	7.4		%	7.5		%	6.6		%	7.4		%	6.6		%
REGULATORY CAPITAL RATIOS (FOR STERLING FINANCIAL CORPORATION):
CORE CAPITAL RATIO	7.7		%	N/A			N/A			7.7		%	N/A
TIER 1 RISK-BASED CAPITAL RATIO	10.6		%	N/A			N/A			10.6		%	N/A
TOTAL RISK-BASED CAPITAL RATIO	11.7		%	N/A			N/A			11.7		%	N/A
REGULATORY CAPITAL RATIOS (FOR STERLING SAVINGS BANK):
CORE CAPITAL RATIO	6.7		%	7.2		%	6.6		%	6.7		%	6.6		%
TIER 1 RISK-BASED CAPITAL RATIO	10.7		%	10.0		%	9.9		%	10.7		%	9.9		%
TOTAL RISK-BASED CAPITAL RATIO	11.9		%	11.1		%	10.8		%	11.9		%	10.8		%

LOAN ORIGINATIONS BY PROPERTY TYPE:
RESIDENTIAL REAL ESTATE	$	115,870		$	106,489		$	105,421		$	378,842		$	268,098
MULTIFAMILY REAL ESTATE	0			0			2,588			13,267			39,005
COMMERCIAL REAL ESTATE	51,065			14,700			77,434			120,820			175,949
CONSTRUCTION	443,521			424,519			302,309			1,212,960			690,900
CONSUMER - DIRECT	86,216			120,593			79,779			270,760			275,703
CONSUMER - INDIRECT	30,825			21,746			12,903			67,613			37,322
BUSINESS BANKING	155,831			130,128			92,065			380,107			358,039
CORPORATE BANKING	72,176			89,955			76,156			241,864			279,972
TOTAL LOAN ORIGINATION VOLUME	$	955,504		$	908,130		$	748,655		$	2,686,233		$	2,124,988

(1) Certain prior period amounts have been reclassified to conform with the current period’s presentation.

(2) Core earnings per share excludes net securities gains (losses), merger and acquisition costs and gains (losses) related to early repayment of debt, net of related income taxes. See Exhibit A for a reconciliation to reported earnings per share. Management believes that this presentation of non-GAAP information regarding core earnings provides useful information to investors regarding the registrant’s financial condition and results of operations as core earnings are widely used for comparison purposes in the financial services industry.

(3) Average tangible equity is average shareholders’ equity less average net goodwill and other intangible assets.

STERLING FINANCIAL CORPORATION

SELECTED FINANCIAL DATA

(DOLLAR AMOUNTS IN THOUSANDS, UNAUDITED)

	SEPT 30,			JUNE 30,			SEPT 30,
	2005			2005			2004

LOANS BY COLLATERAL TYPE:
RESIDENTIAL REAL ESTATE	$	493,752		$	495,682		$	718,686
MULTIFAMILY REAL ESTATE	219,224			225,476			176,287
COMMERCIAL REAL ESTATE	580,567			568,945			671,976
CONSTRUCTION	905,381			801,746			600,673
CONSUMER - DIRECT	598,956			591,409			537,985
CONSUMER - INDIRECT	141,475			128,510			115,495
BUSINESS BANKING	1,001,691			994,054			896,321
CORPORATE BANKING	409,251			438,038			357,929
DEFERRED LOAN FEES, NET	(8,942		)	(8,002		)	(7,054		)
ALLOWANCE FOR LOSSES ON LOANS	(53,671		)	(54,593		)	(47,290		)
NET LOANS RECEIVABLE	$	4,287,684		$	4,181,265		$	4,021,008

ALLOWANCE FOR LOSSES ON LOANS:
BALANCE AT BEGINNING OF QUARTER	$	54,593		$	52,712		$	45,251
PROVISION FOR LOSSES ON LOANS	3,400			3,400			3,000
AMOUNTS WRITTEN OFF NET OF RECOVERIES AND OTHER	(4,322		)	(1,519		)	(961		)
BALANCE AT END OF QUARTER	$	53,671		$	54,593		$	47,290

NET CHARGE-OFFS TO AVERAGE NET LOANS (ANNUALIZED)	0.40		%	0.13		%	0.10		%
NET CHARGE-OFFS TO AVERAGE NET LOANS (YTD)	0.14		%	0.03		%	0.10		%

LOAN LOSS ALLOWANCE TO TOTAL LOANS	1.24		%	1.29		%	1.16		%

LOAN LOSS ALLOWANCE TO NONPERFORMING LOANS (EXCLUDING LOANS CLASSIFIED AS LOSS)	953.1		%	460.1		%	443.8		%

NONPERFORMING LOANS TO NET LOANS	0.21		%	0.37		%	0.33		%

NONPERFORMING ASSETS:
ACCRUING LOANS WHICH ARE PAST DUE 90 DAYS	$	0		$	0		$	0
NONACCRUAL LOANS	7,888			14,020			12,097
RESTRUCTURED LOANS	1,226			1,267			1,341
TOTAL NONPERFORMING LOANS	9,114			15,287			13,438
REO	2,454			2,463			3,447
TOTAL NONPERFORMING ASSETS (NPA)	$	11,568		$	17,750		$	16,885

NPA TO TOTAL ASSETS	0.17		%	0.26		%	0.25		%

LOAN DELINQUENCY RATIO (60 DAYS AND OVER)	0.28		%	0.45		%	0.34		%

CLASSIFIED ASSETS	$	63,537		$	73,753		$	74,623

CLASSIFIED ASSETS/TOTAL ASSETS	0.93		%	1.09		%	1.11		%

STERLING FINANCIAL CORPORATION

SELECTED FINANCIAL DATA

(DOLLAR AMOUNTS IN THOUSANDS,

EXCEPT AS INDICATED, UNAUDITED)

	THREE MONTHS ENDED						NINE MONTHS ENDED
	SEPT 30,		JUNE 30,		SEPT 30,		SEPT 30,		SEPT 30,
	2005		2005		2004		2005		2004

AVERAGE BALANCE SHEET DATA:
AVERAGE LOANS	$	4,300,460	$	4,526,338	$	3,881,064	$	4,429,644	$	3,737,149
AVERAGE MORTGAGE-BACKED SECURITIES	1,858,353		1,933,964		1,985,485		1,937,322		1,838,727
AVERAGE INVESTMENTS AND CASH	169,716		161,791		169,293		168,167		198,071
AVERAGE INTEREST-EARNING ASSETS	$	6,328,529	$	6,622,093	$	6,035,842	$	6,535,133	$	5,773,947

AVERAGE DEPOSITS	$	4,303,180	$	4,158,092	$	3,727,825	$	4,161,898	$	3,585,208
AVERAGE BORROWINGS	1,885,913		2,323,964		2,208,496		2,238,298		2,116,533
AVERAGE INTEREST-BEARING LIABILITIES	$	6,189,093	$	6,482,056	$	5,936,321	$	6,400,196	$	5,701,741

AVERAGE ASSETS	6,785,740		6,972,385		6,496,332		6,948,356		6,232,461

AVERAGE SHAREHOLDERS’ EQUITY	509,256		478,378		416,279		488,564		418,251

AVERAGE TANGIBLE EQUITY (1)	378,326		346,889		267,594		357,074		270,320

DEPOSITS DETAIL (ACTUAL):
INTEREST-BEARING TRANSACTION ACCOUNTS	$	439,838	$	420,460	$	415,706	$	439,838	$	415,706
NONINTEREST-BEARING TRANSACTION ACCOUNTS	717,026		634,997		576,456		717,026		576,456
SAVINGS AND MONEY MARKET DEPOSIT ACCOUNTS (MMDA)	1,198,489		1,116,071		1,116,203		1,198,489		1,116,203
TIME DEPOSITS	2,035,404		2,028,668		1,668,567		2,035,404		1,668,567
TOTAL DEPOSITS	$	4,390,757	$	4,200,196	$	3,776,932	$	4,390,757	$	3,776,932

NUMBER OF TRANSACTION ACCOUNTS (ACTUAL):
INTEREST-BEARING TRANSACTION ACCOUNTS	47,157		47,745		45,382		47,157		45,382
NONINTEREST-BEARING TRANSACTION ACCOUNTS	105,208		102,477		101,492		105,208		101,492
TOTAL TRANSACTION ACCOUNTS	152,365		150,222		146,874		152,365		146,874

FULL-TIME EQUIVALENT EMPLOYEES AT END OF PERIOD:	1,770		1,707		1,610		1,770		1,610

NONBANKING SUBSIDIARY PRODUCTION:
SALES OF FINANCIAL PRODUCTS	$	23,332	$	26,183	$	20,774	$	78,430	$	56,683

(1) Average tangible equity is average shareholders’ equity less average net goodwill and other intangible assets.

STERLING FINANCIAL CORPORATION

SELECTED FINANCIAL DATA

(DOLLAR AMOUNTS IN THOUSANDS,

EXCEPT PER SHARE AMOUNTS, UNAUDITED)

	AS OF OR FOR THE THREE MONTHS ENDED									AS OF OR FOR THE NINE MONTHS ENDED
	SEPT 30,			JUNE 30,			SEPT 30,			SEPT 30,			SEPT 30,
EXHIBIT A - RECONCILIATION SCHEDULE	2005			2005			2004			2005			2004
CORE EARNINGS: (2)
NET INCOME, AS REPORTED	$	13,890		$	16,008		$	15,310		$	45,789		$	40,777
SUBTRACT: NET (GAIN) LOSS ON SECURITIES, NET OF TAX	0			0			(822		)	36			(2,971		)
ADD BACK: MERGER AND ACQUISITION COSTS, NET OF TAX	0			0			0			0			3,143
SUBTRACT: NET (GAIN) LOSS ON EARLY DEBT REPAYMENT, NET OF TAX	0			0			0			(406		)	0
CORE EARNINGS	$	13,890		$	16,008		$	14,488		$	45,419		$	40,949

CORE EARNINGS PER SHARE - BASIC: (1)(2)
EARNINGS PER SHARE - BASIC, AS REPORTED	$	0.40		$	0.46		$	0.45		$	1.32		$	1.21
SUBTRACT: NET (GAIN) LOSS ON SECURITIES, NET OF TAX	0.00			0.00			(0.03		)	0.00			(0.09		)
ADD BACK: MERGER AND ACQUISITION COSTS, NET OF TAX	0.00			0.00			0.00			0.00			0.09
SUBTRACT: NET (GAIN) LOSS ON EARLY DEBT REPAYMENT, NET OF TAX	0.00			0.00			0.00			(0.01		)	0.00
CORE EARNINGS PER SHARE - BASIC	$	0.40		$	0.46		$	0.42		$	1.31		$	1.21

CORE EARNINGS PER SHARE - DILUTED: (1)(2)
EARNINGS PER SHARE - DILUTED, AS REPORTED	$	0.40		$	0.46		$	0.44		$	1.31		$	1.18
SUBTRACT: NET (GAIN) LOSS ON SECURITIES, NET OF TAX	0.00			0.00			(0.02		)	0.00			(0.09		)
ADD BACK: MERGER AND ACQUISITION COSTS, NET OF TAX	0.00			0.00			0.00			0.00			0.09
SUBTRACT: NET (GAIN) LOSS ON EARLY DEBT REPAYMENT, NET OF TAX	0.00			0.00			0.00			(0.01		)	0.00
CORE EARNINGS PER SHARE - DILUTED	$	0.40		$	0.46		$	0.42		$	1.30		$	1.18

WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (1)	34,660,107			34,597,964			34,015,769			34,581,606			33,811,065
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (1)	35,097,474			35,022,597			34,721,952			35,033,011			34,626,014
COMMON SHARES OUTSTANDING	34,725,400			23,084,300			22,791,122			34,725,400			22,791,122

RETURN ON AVERAGE ASSETS, CORE OPERATING BASIS: (2)
RETURN ON AVERAGE ASSETS, AS REPORTED	0.81		%	0.92		%	0.94		%	0.88		%	0.87		%
SUBTRACT: NET (GAIN) LOSS ON SECURITIES, NET OF TAX	0.00		%	0.00		%	(0.05		)%	0.00		%	(0.06		)%
ADD BACK: MERGER AND ACQUISITION COSTS, NET OF TAX	0.00		%	0.00		%	0.00		%	0.00		%	0.07		%
SUBTRACT: NET (GAIN) LOSS ON EARLY DEBT REPAYMENT, NET OF TAX	0.00		%	0.00		%	0.00		%	(0.01		)%	0.00		%
RETURN ON AVERAGE ASSETS, CORE OPERATING BASIS	0.81		%	0.92		%	0.89		%	0.87		%	0.88		%

RETURN ON AVERAGE SHAREHOLDERS’ EQUITY, CORE OPERATING BASIS: (2)
RETURN ON AVERAGE SHAREHOLDERS’ EQUITY, AS REPORTED	10.8		%	13.4		%	14.6		%	12.5		%	13.0		%
SUBTRACT: NET (GAIN) LOSS ON SECURITIES, NET OF TAX	0.0		%	0.0		%	(0.7		)%	0.0		%	(1.0		)%
ADD BACK: MERGER AND ACQUISITION COSTS, NET OF TAX	0.0		%	0.0		%	0.0		%	0.0		%	1.0		%
SUBTRACT: NET (GAIN) LOSS ON EARLY DEBT REPAYMENT, NET OF TAX	0.0		%	0.0		%	0.0		%	(0.1		)%	0.0		%
RETURN ON AVERAGE SHAREHOLDERS’ EQUITY, CORE OPERATING BASIS	10.8		%	13.4		%	13.9		%	12.4		%	13.1		%

AVERAGE ASSETS	$	6,785,740		$	6,972,385		$	6,496,332		$	6,948,356		$	6,232,461
AVERAGE SHAREHOLDERS’ EQUITY	509,256			478,378			416,279			488,564			418,251

OPERATING EFFICIENCY RATIO, CORE OPERATING BASIS: (2)
OPERATING EFFICIENCY RATIO, AS REPORTED	64.2		%	60.1		%	58.2		%	61.0		%	61.2		%
ADD BACK: NET (GAIN) LOSS ON SECURITIES	0.0		%	0.0		%	2.0		%	0.0		%	2.5		%
SUBTRACT: MERGER AND ACQUISITION COSTS	0.0		%	0.0		%	0.0		%	0.0		%	(2.7		)%
ADD BACK: NET GAIN (LOSS) ON EARLY DEBT REPAYMENT, NET OF TAX	0.0		%	0.0		%	0.0		%	0.3		%	0.0		%
OPERATING EFFICIENCY RATIO, CORE OPERATING BASIS	64.2		%	60.1		%	60.2		%	61.3		%	61.0		%

ADJUSTED SHAREHOLDERS’ EQUITY:
SHAREHOLDERS’ EQUITY, AS REPORTED	$	499,683		$	503,487		$	447,237		$	499,683		$	447,237
ADD (SUBTRACT) UNREALIZED LOSS (GAIN) ON INVESTMENTS AND MBS, NET	26,635			10,494			9,481			26,635			9,481
ADJUSTED SHAREHOLDERS EQUITY	$	526,318		$	513,981		$	456,718		$	526,318		$	456,718

ADJUSTED BOOK VALUE PER SHARE: (1)
BOOK VALUE PER SHARE, AS REPORTED	$	14.39		$	14.54		$	13.08		$	14.39		$	13.08
ADD (SUBTRACT) UNREALIZED LOSS (GAIN) ON INVESTMENTS AND MBS, NET	0.77			0.30			0.28			0.77			0.28
ADJUSTED BOOK VALUE PER SHARE	$	15.16		$	14.84		$	13.36		$	15.16		$	13.36

(1) Weighted average shares and per share amounts have been restated to reflect the 3 for 2 stock split that occurred on August 31, 2005.

(2) Core earnings per share excludes net securities gains (losses), merger and acquisition costs and gains (losses) related to early repayment of debt, net of related income taxes. Management believes that this presentation of non-GAAP information regarding core earnings provides useful information to investors regarding the registrant’s financial condition and results of operations as core earnings are widely used for comparison purposes in the financial services industry.