John Moran

“Beginning on slide five, we reported gap 2Q earnings per share of 65 cents. Excluding $12.1 million in merger-related expenses and a $13.2 million valuation gain on the settlement of the Bremer pension plan, adjusted earnings per share were also 65 cents.”

“I think things are good and maybe tracking even a little bit better than what we would have thought. Pipelines are good. Activity is good. And to Jim's point, I mean, probably a little bit too soon to figure out if the last 10 days changes that.”

“As Jim mentioned, our third quarter was highly successful. Beginning on slide five, we reported GAAP 3Q earnings per share of $0.46, excluding 13 cents of net merger-related expenses, adjusted earnings per share were 59 cents, an 11% increase over the prior quarter, and a 28% increase year-over-year.”

“Turning to slide four, we reported GAAP 1Q earnings per diluted common share of $0.44. Excluding $0.01 per share of merger-related charges, adjusted earnings per share were $0.45.”

“Turning to Slide 5, you can see our third quarter balance sheet, which highlights continued improvement in our liquidity and our capital position. Total deposit growth over the last year has again allowed us to organically fund loan growth while reducing our borrowings.”