Bank Directors Seminar, Coeur d'Alene, ID

S E C T I O N

3

Public Markets Update

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Pacific Northwest – Public Bank Summary

ƒ Strong performance and multiple expansion for both the NASDAQ and OTC traded banks in the Pacific Northwest

Price / Earnings (MRQ)

Price / Tangible Book Value

10.0x 12.0x 14.0x 16.0x 18.0x

100.0% 125.0% 150.0% 175.0% 200.0% 225.0% 250.0%

16.1x

210.5%

14.2x

148.7%

6.0x 8.0x

NASDAQ

OTC

NASDAQ

OTC

PNW Peer Group

PNW Peer Group

Price Change - LTM

Total Assets

$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000

40.0%

33.7%

$4,789

30.0%

20.0%

16.7%

10.0%

$289

0.0%

NASDAQ

OTC

NASDAQ

OTC

PNW Peer Group

PNW Peer Group

Source: S&P Global Market Intelligence as of the most recent quarter end, market data as of 8/31/2018 Note: All dollars in millions Note: Median data

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Note: NASDAQ peer group includes all banks and thriftsheadquartered in ID, MT, OR and WA listed on the NASDAQ or NYSE exchanges, excludes pending merger targets Note: OTC peer group includes all banks headquartered in ID, MT, OR and WA listed on the OTC Pink or OTCQX exchanges, excludes pending merger targets