Supervisors Symposium - December 2023

Internal Use Only

Industry cost of funds and cost of interest ‐ bearing continue to rise rapidly . . .

Cost of Interest Bearing Liab

Cost of Funds

2.50

2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 0.27 0.24 0.26 0.36 0.62 0.95 1.30 1.62 0.30 0.27 0.30 0.45 0.75 1.15 1.51 1.79 0.29 0.26 0.27 0.39 0.63 0.94 1.28 1.58 0.26 0.24 0.24 0.36 0.65 1.12 1.53 1.77 0.26 0.23 0.24 0.32 0.59 0.93 1.30 1.63 0.22 0.21 0.23 0.33 0.56 0.90 1.29 1.58 0.16 0.15 0.17 0.27 0.53 0.85 1.27 1.60 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3

Industry

Industry

2.00

Mid ‐ Atlantic

Mid ‐ Atlantic

Mid ‐ West

1.50

Mid ‐ West

North ‐ East

North ‐ East

1.00

South ‐ East

South ‐ East

0.50

South ‐ West

South ‐ West

0.00

West

West

2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3

Change QoQ

Change YoY

Cost of Interest Bearing Liab

Change QoQ

Change YoY

Cost of Funds

2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 0.37 0.33 0.36 0.51 0.85 1.30 1.76 2.12 0.40 0.37 0.40 0.59 0.97 1.49 1.86 2.24 0.39 0.35 0.37 0.51 0.83 1.24 1.66 2.03 0.34 0.30 0.31 0.48 0.86 1.40 1.89 2.20 0.36 0.33 0.35 0.47 0.82 1.32 1.80 2.23 0.34 0.31 0.35 0.50 0.87 1.35 1.89 2.26 0.27 0.25 0.28 0.42 0.85 1.33 1.90 2.32

Industry

0.32 0.28 0.30 0.24 0.33 0.29 0.34

1.26 1.34 1.20 1.41 1.31 1.25 1.33

Industry

0.36 0.38 0.37 0.31 0.44 0.37 0.42

1.61 1.65 1.52 1.72 1.76 1.76 1.90

Mid ‐ Atlantic Mid ‐ West North ‐ East South ‐ East South ‐ West

Mid ‐ Atlantic Mid ‐ West North ‐ East South ‐ East South ‐ West

West

West

43

Source: Call Report Data

© 2023 –FinPro, Inc.

43

Internal Use Only

The cost of wholesale funding is rising dramatically . . .

Cost of Borrowings

2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 1.20 1.11 1.19 1.77 2.45 3.00 3.82 4.09 1.41 1.28 1.28 2.04 2.64 3.33 3.93 4.17 1.15 1.07 1.20 1.73 2.33 2.80 3.69 3.99 1.47 1.23 1.09 1.73 2.84 3.75 4.15 4.23 1.23 1.19 1.18 1.76 2.47 3.20 3.82 4.15 1.12 1.10 1.23 1.81 2.68 3.11 4.08 4.39 0.95 0.80 1.03 1.53 2.26 2.88 4.07 4.00 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3

Industry

Mid ‐ Atlantic

Mid ‐ West

North ‐ East

South ‐ East

South ‐ West

West

Change QoQ

Change YoY

Cost of Borrowings

Industry

0.27 0.24 0.31 0.08 0.33 0.32 ‐ 0.07

2.32 2.13 2.26 2.50 2.39 2.58 2.47

Mid ‐ Atlantic Mid ‐ West North ‐ East South ‐ East South ‐ West

West

44

Source: Call Report Data

© 2023 –FinPro, Inc.

44