Public Information October 17, 2024  WESTAMERICA BANCORPORATION         FINANCIAL HIGHLIGHTS         September 30, 2024                     1. Net Income Summary.             (in thousands except per-share amounts)         %       Q3’2024 Q3’2023 Change Q2’2024               Net Interest and Loan Fee           Income (FTE) $ 62,465   $ 72,092   -13.4 % $ 64,100     Provision for           Credit Losses   –     400   n/m     –     Noninterest Income   11,925     11,281   5.7 %   10,500     Noninterest Expense   26,309     25,650   2.6 %   26,130     Income Before Taxes (FTE)   48,081     57,323   -16.1 %   48,470     Income Tax Provision (FTE)   13,024     15,722   -17.2 %   13,008     Net Income $ 35,057   $ 41,601   -15.7 % $ 35,462                 Average Common Shares           Outstanding   26,685     26,648   0.1 %   26,680     Diluted Average Common           Shares Outstanding   26,686     26,650   0.1 %   26,681                 Operating Ratios:           Basic Earnings Per Common           Share $ 1.31   $ 1.56   -16.0 % $ 1.33     Diluted Earnings Per           Common Share   1.31     1.56   -16.0 %   1.33     Return On Assets (a)   2.16 %   2.41 %     2.18 %   Return On Common           Equity (a)   13.7 %   18.3 %     14.4 %   Net Interest Margin (FTE) (a)   4.08 %   4.43 %     4.15 %   Efficiency Ratio (FTE)   35.4 %   30.8 %     35.0 %               Dividends Paid Per Common           Share $ 0.44   $ 0.44   0.0 % $ 0.44     Common Dividend Payout           Ratio   33 %   28 %     33 %                     %       9/30’24YTD 9/30’23YTD Change                 Net Interest and Loan Fee           Income (FTE) $ 192,659   $ 211,935   -9.1 %     Provision (Reversal           of Provision) for           Credit Losses (1)   300     (1,150 ) n/m       Noninterest Income   32,522     32,530   -0.0 %     Noninterest Expense   78,538     77,699   1.1 %     Income Before Taxes (FTE)   146,343     167,916   -12.8 %     Income Tax Provision (FTE)   39,407     45,616   -13.6 %     Net Income $ 106,936   $ 122,300   -12.6 %                 Average Common Shares           Outstanding   26,680     26,718   -0.1 %     Diluted Average Common           Shares Outstanding   26,681     26,721   -0.1 %                 Operating Ratios:           Basic Earnings Per Common           Share $ 4.01   $ 4.58   -12.4 %     Diluted Earnings Per           Common Share   4.01     4.58   -12.4 %     Return On Assets (a)   2.19 %   2.36 %       Return On Common           Equity (a)   14.4 %   18.6 %       Net Interest Margin (FTE) (a)   4.18 %   4.32 %       Efficiency Ratio (FTE)   34.9 %   31.8 %                   Dividends Paid Per Common           Share $ 1.32   $ 1.28   3.1 %     Common Dividend Payout           Ratio   33 %   28 %                 2. Net Interest Income.             (dollars in thousands)         %       Q3’2024 Q3’2023 Change Q2’2024               Interest and Loan Fee           Income (FTE) $ 68,110   $ 73,225   -7.0 % $ 69,407     Interest Expense   5,645     1,133   398.2 %   5,307     Net Interest and Loan Fee           Income (FTE) $ 62,465   $ 72,092   -13.4 % $ 64,100                 Average Earning Assets $ 6,062,174   $ 6,438,411   -5.8 % $ 6,145,626     Average Interest-Bearing           Liabilities   2,950,093     3,118,632   -5.4 %   3,001,786                 Yield on Earning Assets           (FTE) (a)   4.45 %   4.50 %     4.50 %   Cost of Funds (a)   0.37 %   0.07 %     0.35 %   Net Interest Margin (FTE) (a)   4.08 %   4.43 %     4.15 %   Interest Expense /           Interest-Bearing           Liabilities (a)   0.76 %   0.14 %     0.71 %   Net Interest Spread (FTE) (a)   3.69 %   4.36 %     3.79 %                     %       9/30’24YTD 9/30’23YTD Change                 Interest and Loan Fee           Income (FTE) $ 206,612   $ 214,146   -3.5 %     Interest Expense   13,953     2,211   531.1 %     Net Interest and Loan Fee           Income (FTE) $ 192,659   $ 211,935   -9.1 %                 Average Earning Assets $ 6,108,885   $ 6,519,448   -6.3 %     Average Interest-Bearing           Liabilities   2,969,078     3,182,734   -6.7 %                 Yield on Earning Assets           (FTE) (a)   4.48 %   4.36 %       Cost of Funds (a)   0.30 %   0.04 %       Net Interest Margin (FTE) (a)   4.18 %   4.32 %       Interest Expense /           Interest-Bearing           Liabilities (a)   0.63 %   0.09 %       Net Interest Spread (FTE) (a)   3.85 %   4.27 %                 3. Loans & Other Earning Assets.             (average volume, dollars in thousands)         %       Q3’2024 Q3’2023 Change Q2’2024               Total Assets $ 6,461,843   $ 6,847,691   -5.6 % $ 6,549,203     Total Earning Assets   6,062,174     6,438,411   -5.8 %   6,145,626     Total Loans   831,418     903,854   -8.0 %   838,016     Commercial Loans   136,160     151,431   -10.1 %   133,605     Commercial Real Estate           Loans   493,272     493,072   0.0 %   487,209     Consumer Loans   201,986     259,351   -22.1 %   217,202     Total Investment Securities   4,736,024     5,247,118   -9.7 %   4,944,191     Debt Securities Available for           Sale   3,881,678     4,353,794   -10.8 %   4,079,896     Debt Securities Held to           Maturity   854,346     893,324   -4.4 %   864,295     Total Interest-Bearing Cash   494,732     287,439   72.1 %   363,419                 Loans / Deposits   16.3 %   15.8 %     16.1 %                     %       9/30’24YTD 9/30’23YTD Change                 Total Assets $ 6,512,138   $ 6,940,897   -6.2 %     Total Earning Assets   6,108,885     6,519,448   -6.3 %     Total Loans   840,961     925,351   -9.1 %     Commercial Loans   134,402     158,204   -15.0 %     Commercial Real Estate           Loans   489,836     492,702   -0.6 %     Consumer Loans   216,723     274,445   -21.0 %     Total Investment Securities   4,925,557     5,385,986   -8.5 %     Debt Securities Available for           Sale   4,061,358     4,482,376   -9.4 %     Debt Securities Held to           Maturity   864,199     903,610   -4.4 %     Total Interest-Bearing Cash   342,367     208,111   64.5 %                 Loans / Deposits   16.1 %   15.8 %                 4. Deposits, Other Interest-Bearing Liabilities & Equity.         (average volume, dollars in thousands)         %       Q3’2024 Q3’2023 Change Q2’2024               Total Deposits $ 5,092,244   $ 5,722,817   -11.0 % $ 5,202,620     Noninterest Demand   2,425,646     2,721,358   -10.9 %   2,485,023     Interest-Bearing Transaction   937,694     1,149,483   -18.4 %   981,703     Savings   1,639,997     1,741,994   -5.9 %   1,642,806     Time greater than $100K   32,815     43,073   -23.8 %   34,721     Time less than $100K   56,092     66,909   -16.2 %   58,367     Total Short-Term Borrowings   283,495     117,173   141.9 %   284,189     Bank Term Funding Program           Borrowings   167,391     –   n/m     200,000     Securities Sold under           Repurchase Agreements   116,104     117,173   -0.9 %   84,189     Shareholders’ Equity   1,016,642     902,300   12.7 %   990,927                 Demand Deposits /           Total Deposits   47.6 %   47.6 %     47.8 %   Transaction & Savings           Deposits / Total Deposits   98.3 %   98.1 %     98.2 %                     %       9/30’24YTD 9/30’23YTD Change                 Total Deposits $ 5,224,158   $ 5,859,506   -10.8 %     Noninterest Demand   2,480,815     2,774,282   -10.6 %     Interest-Bearing Transaction   992,363     1,180,551   -15.9 %     Savings   1,658,106     1,783,891   -7.1 %     Time greater than $100K   34,550     51,481   -32.9 %     Time less than $100K   58,324     69,301   -15.8 %     Total Short-Term Borrowings   225,735     97,510   131.5 %     Bank Term Funding Program           Borrowings   143,412     –   n/m           Securities Sold under           Repurchase Agreements   82,323     97,510   -15.6 %     Shareholders’ Equity   991,229     879,740   12.7 %                 Demand Deposits /           Total Deposits   47.5 %   47.3 %       Transaction & Savings           Deposits / Total Deposits   98.2 %   97.9 %                 5. Interest Yields Earned & Rates Paid.             (dollars in thousands)       Q3’2024       Average Income/ Yield (a) /       Volume Expense Rate (a)                 Interest & Loan Fee Income Earned:           Total Earning Assets (FTE) $ 6,062,174   $ 68,110   4.45 %     Total Loans (FTE)   831,418     11,526   5.52 %     Commercial Loans (FTE)   136,160     2,393   7.00 %     Commercial Real Estate           Loans   493,272     6,308   5.09 %     Consumer Loans   201,986     2,825   5.57 %     Total Investments (FTE)   4,736,024     49,822   4.17 %     Total Debt Securities           Available for Sale (FTE)   3,881,678     41,133   4.19 %     Corporate Securities   2,074,145     14,268   2.75 %     Collateralized Loan           Obligations   1,166,189     21,459   7.20 %     Agency Mortgage Backed           Securities   244,994     1,638   2.68 %     Securities of U.S.           Government sponsored           entities   310,138     2,777   3.58 %     Obligations of States and           Political Subdivisions           (FTE)   67,141     518   3.08 %     U.S. Treasury Securities   4,844     62   5.13 %     Other Debt Securities           Available for Sale (FTE)   14,227     411   11.55 %     Total Debt Securities Held to           Maturity (FTE)   854,346     8,689   4.07 %     Agency Mortgage Backed           Securities   65,545     376   2.29 %     Corporate Securities   732,689     7,815   4.27 %     Obligations of States and           Political Subdivisions           (FTE)   56,112     498   3.55 %     Total Interest-Bearing Cash   494,732     6,762   5.35 %                 Interest Expense Paid:           Total Earning Assets   6,062,174     5,645   0.37 %     Total Interest-Bearing           Liabilities   2,950,093     5,645   0.76 %     Total Interest-Bearing           Deposits   2,666,598     3,113   0.46 %     Interest-Bearing Transaction   937,694     47   0.02 %     Savings   1,639,997     2,990   0.73 %     Time less than $100K   56,092     46   0.33 %     Time greater than $100K   32,815     30   0.36 %     Total Short-Term Borrowings   283,495     2,532   3.54 %     Bank Term Funding Program           Borrowings   167,391     2,278   5.40 %     Securities Sold under           Repurchase Agreements   116,104     254   0.87 %                 Net Interest Income and           Margin (FTE)   $ 62,465   4.08 %       Q3’2023       Average Income/ Yield (a) /       Volume Expense Rate (a)                 Interest & Loan Fee Income Earned:           Total Earning Assets (FTE) $ 6,438,411   $ 73,225   4.50 %     Total Loans (FTE)   903,854     12,016   5.27 %     Commercial Loans (FTE)   151,431     2,743   7.19 %     Commercial Real Estate           Loans   493,072     5,914   4.76 %     Consumer Loans   259,351     3,359   5.14 %     Total Investments (FTE)   5,247,118     57,280   4.32 %     Total Debt Securities           Available for Sale (FTE)   4,353,794     48,285   4.38 %     Corporate Securities   2,148,308     14,851   2.77 %     Collateralized Loan           Obligations   1,530,992     28,023   7.16 %     Agency Mortgage Backed           Securities   276,755     1,676   2.42 %     Securities of U.S.           Government sponsored           entities   307,106     2,777   3.62 %     Obligations of States and           Political Subdivisions           (FTE)   76,406     573   3.00 %     Other Debt Securities           Available for Sale (FTE)   14,227     385   10.82 %     Total Debt Securities Held to           Maturity (FTE)   893,324     8,995   4.03 %     Agency Mortgage Backed           Securities   88,147     475   2.16 %     Corporate Securities   725,862     7,815   4.31 %     Obligations of States and           Political Subdivisions           (FTE)   79,315     705   3.55 %     Total Interest-Bearing Cash   287,439     3,929   5.35 %                 Interest Expense Paid:           Total Earning Assets   6,438,411     1,133   0.07 %     Total Interest-Bearing           Liabilities   3,118,632     1,133   0.14 %     Total Interest-Bearing           Deposits   3,001,459     1,095   0.14 %     Interest-Bearing Transaction   1,149,483     131   0.05 %     Savings   1,741,994     886   0.20 %     Time less than $100K   66,909     52   0.31 %     Time greater than $100K   43,073     26   0.24 %     Total Short-Term Borrowings   117,173     38   0.13 %     Securities Sold under           Repurchase Agreements   117,173     38   0.13 %                 Net Interest Income and           Margin (FTE)   $ 72,092   4.43 %               6. Noninterest Income.             (dollars in thousands except per-share amounts)         %       Q3’2024 Q3’2023 Change Q2’2024               Service Charges on Deposit           Accounts $ 3,585   $ 3,705   -3.2 % $ 3,469     Merchant Processing           Services   2,474     2,911   -15.0 %   2,733     Debit Card Fees   1,702     1,717   -0.9 %   1,706     Trust Fees   846     783   8.0 %   811     ATM Processing Fees   533     640   -16.7 %   540     Other Service Fees   454     463   -1.9 %   450     Life Insurance Gains   202     278   n/m     –     Other Noninterest Income   2,129     784   171.6 %   791     Total Noninterest Income $ 11,925   $ 11,281   5.7 % $ 10,500                 Operating Ratios:           Total Revenue (FTE) $ 74,390   $ 83,373   -10.8 % $ 74,600     Noninterest Income /           Revenue (FTE)   16.0 %   13.5 %     14.1 %   Service Charges /           Avg. Deposits (a)   0.28 %   0.26 %     0.27 %   Total Revenue (FTE) Per           Avg. Common Share (a) $ 11.09   $ 12.41   -10.7 % $ 11.25                       %       9/30’24YTD 9/30’23YTD Change                 Service Charges on Deposit           Accounts $ 10,524   $ 10,629   -1.0 %     Merchant Processing           Services   7,714     8,417   -8.4 %     Debit Card Fees   4,951     5,118   -3.3 %     Trust Fees   2,451     2,358   3.9 %     ATM Processing Fees   1,664     1,996   -16.6 %     Other Service Fees   1,342     1,320   1.7 %     Life Insurance Gains   202     278   n/m       Securities Losses   –     (125 ) n/m       Other Noninterest Income   3,674     2,539   44.7 %     Total Noninterest Income $ 32,522   $ 32,530   -0.0 %                 Operating Ratios:           Total Revenue (FTE) $ 225,181   $ 244,465   -7.9 %     Noninterest Income /           Revenue (FTE)   14.4 %   13.3 %       Service Charges /           Avg. Deposits (a)   0.27 %   0.24 %       Total Revenue (FTE) Per           Avg. Common Share (a) $ 11.27   $ 12.23   -7.8 %               7. Noninterest Expense.             (dollars in thousands)         %       Q3’2024 Q3’2023 Change Q2’2024               Salaries and Related Benefits $ 12,762   $ 11,820   8.0 % $ 12,483     Occupancy and Equipment   5,256     5,065   3.8 %   5,158     Outsourced Data Processing   2,614     2,473   5.7 %   2,511     Limited Partnership           Operating Losses   1,210     1,440   -16.0 %   1,440     Professional Fees   337     401   -16.0 %   362     Courier Service   682     745   -8.5 %   686     Other Noninterest Expense   3,448     3,706   -7.0 %   3,490     Total Noninterest Expense $ 26,309   $ 25,650   2.6 % $ 26,130                 Operating Ratios:           Noninterest Expense /           Avg. Earning Assets (a)   1.73 %   1.58 %     1.71 %   Noninterest Expense /           Revenues (FTE)   35.4 %   30.8 %     35.0 %                     %       9/30’24YTD 9/30’23YTD Change                 Salaries and Related Benefits $ 37,831   $ 35,715   5.9 %     Occupancy and Equipment   15,454     15,562   -0.7 %     Outsourced Data Processing   7,661     7,405   3.5 %     Limited Partnership           Operating Losses   4,090     4,314   -5.2 %     Professional Fees   1,101     1,362   -19.2 %     Courier Service   2,017     1,971   2.3 %     Other Noninterest Expense   10,384     11,370   -8.7 %     Total Noninterest Expense $ 78,538   $ 77,699   1.1 %                 Operating Ratios:           Noninterest Expense /           Avg. Earning Assets (a)   1.72 %   1.59 %       Noninterest Expense /           Revenues (FTE)   34.9 %   31.8 %                 8. Allowance for Credit Losses.             (dollars in thousands)         %       Q3’2024 Q3’2023 Change Q2’2024               Average Total Loans $ 831,418   $ 903,854   -8.0 % $ 838,016                 Beginning of Period           Allowance for Credit           Losses on Loans (ACLL) $ 15,952   $ 18,480   -13.7 % $ 15,879     Provision for           Credit Losses   –     400   n/m     –     Net ACLL (Losses)           Recoveries   (634 )   (1,136 ) -44.2 %   73     End of Period ACLL $ 15,318   $ 17,744   -13.7 % $ 15,952                 Gross ACLL Recoveries /           Gross ACLL Losses   62 %   46 %     105 %   Net ACLL (Losses)           Recoveries /           Avg. Total Loans (a)   -0.30 %   -0.50 %     0.04 %                     %       9/30’24YTD 9/30’23YTD Change                 Average Total Loans $ 840,961   $ 925,351   -9.1 %                 Beginning of Period ACLL $ 16,867   $ 20,284   -16.8 %     Provision (Reversal           of Provision) for           Credit Losses (1)   300     (1,150 ) n/m       Net ACLL Losses   (1,849 )   (1,390 ) 33.0 %     End of Period ACLL $ 15,318   $ 17,744   -13.7 %                 Gross ACLL Recoveries /           Gross ACLL Losses   64 %   76 %       Net ACLL Losses /           Avg. Total Loans (a)   -0.29 %   -0.20 %                     (dollars in thousands)         %       9/30/24 9/30/23 Change 6/30/24   Allowance for Credit Losses           on Loans $ 15,318   $ 17,744   -13.7 % $ 15,952     Allowance for Credit Losses           on Held to Maturity           Securities   1     1   0.0 %   1     Total Allowance for Credit           Losses $ 15,319   $ 17,745   -13.7 % $ 15,953                 Allowance for Unfunded           Credit Commitments $ 201   $ 201   0.0 % $ 201               9. Credit Quality.             (dollars in thousands)         %       9/30/24 9/30/23 Change 6/30/24               Nonperforming Loans:           Nonperforming Nonaccrual           Loans $ 252   $ 205   22.9 % $ 971     Performing Nonaccrual           Loans   –     4   n/m     –     Total Nonaccrual Loans   252     209   20.6 %   971     Accruing Loans 90+ Days           Past Due   667     1,029   -35.2 %   580     Total Nonperforming Loans $ 919   $ 1,238   -25.8 % $ 1,551                 Total Loans Outstanding $ 833,967   $ 885,850   -5.9 % $ 831,842                 Total Assets   6,161,143     6,567,288   -6.2 %   6,312,145                 Loans:           Allowance for Credit Losses           on Loans $ 15,318   $ 17,744   -13.7 % $ 15,952     Allowance for Credit Losses           on Loans / Loans   1.84 %   2.00 %     1.92 %   Nonperforming Loans /           Total Loans   0.11 %   0.14 %     0.19 %             10. Liquidity.                       At September 30, 2024, the Company had $502,945 thousand in cash balances. During the twelve months ending September 30, 2025, the Company expects to receive $321,000 thousand in principal payments from its debt securities. If additional operational liquidity is required, the Company can pledge debt securities as collateral for borrowing purposes; at September 30, 2024, the Company’s debt securities which qualify as collateral for borrowing totaled $3,696,256 thousand. In the ordinary course of business, the Company pledges debt securities as collateral for certain depository customers; at September 30, 2024, the Company had pledged $764,404 thousand in debt securities for depository customers. In the ordinary course of business, the Company pledges debt securities as collateral for borrowing from the Federal Reserve Bank; at September 30, 2024, the Company had pledged $815,919 thousand in debt securities at the Federal Reserve Bank. During the nine months ended September 30, 2024, the Company’s average borrowings from the Federal Reserve Bank and other correspondent banks were $143,412 thousand and $-0- thousand, respectively, and at September 30, 2024, the Company had no borrowings from the Federal Reserve Bank or other correspondent banks. At September 30, 2024, the Company had access to borrowing from the Federal Reserve up to $815,919 thousand based on collateral pledged at September 30, 2024. At September 30, 2024, the Company’s estimated unpledged collateral qualifying debt securities totaled $1,663,673 thousand. Debt securities eligible as collateral are shown at market value.                       (in thousands)           9/30/24   Debt Securities Eligible as           Collateral:           Corporate Securities       $ 2,625,616     Collateralized Loan           Obligations rated AAA         356,221     Obligations of States and           Political Subdivisions         117,521     Agency Mortgage Backed           Securities         288,390     Securities of U.S. Government           Sponsored Entities         303,609     U.S. Treasury Securities         4,899     Total Debt Securities Eligible           as Collateral       $ 3,696,256                 Debt Securities Pledged           as Collateral:           Deposits by Public Entities       ($ 764,404 )   Securities Sold under           Repurchase Agreements         (442,940 )   Debt Securities Pledged           at the Federal Reserve Bank         (815,919 )   Other         (9,320 )   Total Debt Securities Pledged           as Collateral       ($ 2,032,583 )               Estimated Debt Securities           Available to Pledge       $ 1,663,673               11. Capital.             (in thousands, except per-share amounts)         %       9/30/24 9/30/23 Change 6/30/24               Shareholders’ Equity $ 909,040   $ 648,423   40.2 % $ 815,600     Total Assets   6,161,143     6,567,288   -6.2 %   6,312,145     Shareholders’ Equity/           Total Assets   14.75 %   9.87 %     12.92 %   Shareholders’ Equity/           Total Loans   109.00 %   73.20 %     98.05 %   Tangible Common Equity           Ratio   13.03 %   8.17 %     11.21 %   Common Shares Outstanding   26,686     26,649   0.1 %   26,683     Common Equity Per Share $ 34.06   $ 24.33   40.0 % $ 30.57     Market Value Per Common           Share   49.42     43.25   14.3 %   48.53                   (shares in thousands)         %       Q3’2024 Q3’2023 Change Q2’2024   Share issuances (Retirements):           Total Shares Retired   –     –   n/m     –     Average Retirement Price $ –   $ –   n/m   $ –     Net Shares Issued   (3 )   (1 ) n/m     (5 )                     %       9/30’24YTD 9/30’23YTD Change                 Total Shares Retired   4     274   n/m       Average Retirement Price $ 45.58   $ 50.11   n/m       Net Shares (Issued) Retired   (15 )   264   n/m                 12. Period-End Balance Sheets.             (unaudited, dollars in thousands)         %       9/30/24 9/30/23 Change 6/30/24   Assets:           Cash and Due from Banks $ 502,945   $ 420,550   19.6 % $ 486,124                 Debt Securities Available for           Sale:           Corporate Securities   1,901,617     1,814,424   4.8 %   1,855,618     Collateralized Loan           Obligations   1,078,920     1,503,078   -28.2 %   1,255,110     Agency Mortgage Backed           Securities   227,565     239,728   -5.1 %   222,806     Securities of U.S.           Government sponsored           entities   303,609     279,364   8.7 %   291,206     Obligations of States and           Political Subdivisions   63,876     69,639   -8.3 %   69,758     U.S. Treasury Securities   4,899     –   n/m     4,820     Total Debt Securities           Available for Sale   3,580,486     3,906,233   -8.3 %   3,699,318                 Debt Securities Held to           Maturity:           Agency Mortgage Backed           Securities   62,745     84,347   -25.6 %   67,777     Corporate Securities   733,748     726,951   0.9 %   732,049     Obligations of States and           Political Subdivisions (2)   53,768     77,558   -30.7 %   61,042     Total Debt Securities           Held to Maturity (2)   850,261     888,856   -4.3 %   860,868                 Loans   833,967     885,850   -5.9 %   831,842     Allowance For Credit Losses           on Loans   (15,318 )   (17,744 ) -13.7 %   (15,952 )   Total Loans, net   818,649     868,106   -5.7 %   815,890                 Premises and Equipment, net   26,129     27,490   -5.0 %   26,275     Identifiable Intangibles, net   178     404   -55.8 %   234     Goodwill   121,673     121,673   0.0 %   121,673     Other Assets   260,822     333,976   -21.9 %   301,763                 Total Assets $ 6,161,143   $ 6,567,288   -6.2 % $ 6,312,145                 Liabilities and Shareholders’           Equity:           Deposits:           Noninterest-Bearing $ 2,375,958   $ 2,723,403   -12.8 % $ 2,459,467     Interest-Bearing Transaction   925,455     1,138,220   -18.7 %   936,186     Savings   1,677,332     1,732,849   -3.2 %   1,646,781     Time   86,305     104,541   -17.4 %   89,006     Total Deposits   5,065,050     5,699,013   -11.1 %   5,131,440                 Bank Term Funding           Program Borrowings   –     –   n/m     200,000     Securities Sold under           Repurchase Agreements   132,487     115,341   14.9 %    100,167     Total Short-Term           Borrowed Funds   132,487     115,341   14.9 %   300,167                 Other Liabilities   54,566     104,511   -47.8 %   64,938     Total Liabilities   5,252,103     5,918,865   -11.3 %   5,496,545                 Shareholders’ Equity:           Common Equity:           Paid-In Capital   475,096     471,862   0.7 %   474,618     Accumulated Other           Comprehensive Loss   (127,653 )   (285,709 ) -55.3 %   (197,300 )   Retained Earnings   561,597     462,270   21.5 %   538,282     Total Shareholders’ Equity   909,040     648,423   40.2 %   815,600                 Total Liabilities and           Shareholders’ Equity $ 6,161,143   $ 6,567,288   -6.2 % $ 6,312,145               13. Income Statements.             (unaudited, in thousands except per-share amounts)         %       Q3’2024 Q3’2023 Change Q2’2024   Interest and Loan Fee Income:           Loans $ 11,441   $ 11,925   -4.1 % $ 11,354     Equity Securities   175     152   15.1 %   175     Debt Securities Available           for Sale   40,829     47,994   -14.9 %   43,927     Debt Securities Held to           Maturity   8,587     8,848   -2.9 %   8,655     Interest-Bearing Cash   6,762     3,929   72.1 %   4,961     Total Interest and Loan           Fee Income   67,794     72,848   -6.9 %   69,072                 Interest Expense:           Transaction Deposits   47     131   -64.1 %   69     Savings Deposits   2,990     886   237.5 %   2,322     Time Deposits   76     78   -2.6 %   69     Bank Term Funding Program           Borrowings   2,278     –   n/m     2,692     Securities Sold under           Repurchase Agreements   254     38   565.8 %   155     Total Interest Expense   5,645     1,133   398.2 %   5,307                 Net Interest and Loan           Fee Income   62,149     71,715   -13.3 %   63,765                 Provision for Credit Losses   –     400   n/m     –                 Noninterest Income:                       Service Charges on Deposit           Accounts   3,585     3,705   -3.2 %   3,469     Merchant Processing           Services   2,474     2,911   -15.0 %   2,733     Debit Card Fees   1,702     1,717   -0.9 %   1,706     Trust Fees   846     783   8.0 %   811     ATM Processing Fees   533     640   -16.7 %   540     Other Service Fees   454     463   -1.9 %   450     Life Insurance Gains   202     278   n/m     –     Other Noninterest Income   2,129     784   171.6 %   791     Total Noninterest Income   11,925     11,281   5.7 %   10,500                 Noninterest Expense:           Salaries and Related Benefits   12,762     11,820   8.0 %   12,483     Occupancy and Equipment   5,256     5,065   3.8 %   5,158     Outsourced Data Processing   2,614     2,473   5.7 %   2,511     Limited Partnership           Operating Losses   1,210     1,440   -16.0 %   1,440     Professional Fees   337     401   -16.0 %   362     Courier Service   682     745   -8.5 %   686     Other Noninterest Expense   3,448     3,706   -7.0 %   3,490     Total Noninterest Expense   26,309     25,650   2.6 %   26,130                 Income Before Income Taxes   47,765     56,946   -16.1 %   48,135     Income Tax Provision   12,708     15,345   -17.2 %   12,673     Net Income $ 35,057   $ 41,601   -15.7 % $ 35,462                 Average Common Shares           Outstanding   26,685     26,648   0.1 %   26,680     Diluted Average Common           Shares Outstanding   26,686     26,650   0.1 %   26,681                 Per Common Share Data:           Basic Earnings $ 1.31   $ 1.56   -16.0 % $ 1.33     Diluted Earnings   1.31     1.56   -16.0 %   1.33     Dividends Paid   0.44     0.44   0.0 %   0.44           %       9/30’24YTD 9/30’23YTD Change     Interest and Loan Fee Income:           Loans $ 34,119   $ 35,510   -3.9 %     Equity Securities   524     456   14.9 %     Debt Securities Available           for sale   130,999     142,256   -7.9 %     Debt Securities Held to           Maturity   25,964     26,758   -3.0 %     Interest-Bearing Cash   14,006     7,981   75.5 %     Total Interest and Loan           Fee Income   205,612     212,961   -3.5 %                 Interest Expense:           Transaction Deposits   235     329   -28.6 %     Savings Deposits   7,229     1,562   362.8 %     Time Deposits   215     244   -11.9 %     Bank Term Funding Program           Borrowings   5,813     –   n/m       Securities Sold under           Repurchase Agreements   461     76   506.6 %     Total Interest Expense   13,953     2,211   531.1 %                 Net Interest and Loan           Fee Income   191,659     210,750   -9.1 %                 Provision (Reversal           of Provision) for           Credit Losses (1)   300     (1,150 ) n/m                   Noninterest Income:                       Service Charges on Deposit   10,524     10,629   -1.0 %     Accounts           Merchant Processing           Services   7,714     8,417   -8.4 %     Debit Card Fees   4,951     5,118   -3.3 %     Trust Fees   2,451     2,358   3.9 %     ATM Processing Fees   1,664     1,996   -16.6 %     Other Service Fees   1,342     1,320   1.7 %     Life Insurance Gains   202     278   n/m       Securities Losses   –     (125 ) n/m       Other Noninterest Income   3,674     2,539   44.7 %     Total Noninterest Income   32,522     32,530   -0.0 %                 Noninterest Expense:           Salaries and Related Benefits   37,831     35,715   5.9 %     Occupancy and Equipment   15,454     15,562   -0.7 %     Outsourced Data Processing   7,661     7,405   3.5 %     Limited Partnership           Operating Losses   4,090     4,314   -5.2 %     Professional Fees   1,101     1,362   -19.2 %     Courier Service   2,017     1,971   2.3 %     Other Noninterest Expense   10,384     11,370   -8.7 %     Total Noninterest Expense   78,538     77,699   1.1 %                 Income Before Income Taxes   145,343     166,731   -12.8 %     Income Tax Provision   38,407     44,431   -13.6 %     Net Income $ 106,936   $ 122,300   -12.6 %                 Average Common Shares           Outstanding   26,680     26,718   -0.1 %     Diluted Average Common           Shares Outstanding   26,681     26,721   -0.1 %                 Per Common Share Data:           Basic Earnings $ 4.01   $ 4.58   -12.4 %     Diluted Earnings   4.01     4.58   -12.4 %     Dividends Paid   1.32     1.28   3.1 %                             Footnotes and Abbreviations:                       (1) A recovery in excess of principal charged off on the loan in the first quarter 2023 resulted in a $1,550 thousand reversal of the allowance for credit loss provision in the first quarter 2023.               (2) Debt Securities Held To Maturity and Obligations of States and Political Subdivisions are net of related reserve for expected credit losses of $1 thousand at September 30, 2024, June 30, 2024 and September 30, 2023.               (FTE) Fully Taxable Equivalent. The Company presents its net interest margin and net interest income on a FTE basis using the current statutory federal tax rate. Management believes the FTE basis is valuable to the reader because the Company’s loan and investment securities portfolios contain a portion of municipal loans and securities that are federally tax exempt. The Company’s tax exempt loans and securities composition may not be similar to that of other banks, therefore in order to reflect the impact of the federally tax exempt loans and securities on the net interest margin and net interest income for comparability with other banks, the Company presents its net interest margin and net interest income on a FTE basis.               (a) Annualized