|        |
|--------|
|        |  |  |  |  |
|        |   |   |   |
|   |   | For immediate release: |
|   |   | January 29, 2016 |
|   |   |   |
|   |   | For more information: |
|   | David L. Nielsen, CFO, 980.819.6220 |
|   | investorrelations@community1.com |
|   |   |   |

|         |                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Core net income in 4Q 2015 was $2.7 million ($0.11 per diluted share), an increase of 16% from core net income in 4Q 2014, and was $10.7 million ($0.44 per diluted share) for full year 2015, an increase of 43% from 2014. |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | Net income in 4Q 2015 was $0.4 million ($0.01 per diluted share) and $6.9 million ($0.29 per diluted share) for full year 2015. |

|         |                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Loans grew 14% in 2015, and at a 6% annualized rate in 4Q 2015.  Organic loans, which exclude purchased residential mortgage pools, grew 19% from 4Q 2014. |

|         |                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------|
| • | Year over year Charlotte MSA loan growth was 30%; Raleigh/Durham MSA loan growth was 109%; Greensboro/Winston Salem MSA loan growth was 17%. |

|         |                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| • | Deposits grew 9%, low cost core deposits grew 10% and noninterest-bearing deposits grew by $62.6 million, or 19%, during 2015. |

|         |                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Net interest income grew 4% from 4Q 2014 to $17.5 million.  Net interest margin was 3.29% in 4Q 2015, down 20 basis points from 4Q 2014.  Net interest margin was 3.40% for full year 2015, down three basis points from full year 2014. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Credit performance was positive during 4Q 2015, as nonperforming loans were 1.2% of total loans, and net recovery of provision for loan losses was $1.0 million in 4Q 2015 and $3.0 million in full year 2015. Net charge-offs were $1.0 million in 4Q 2015, and full year 2015 net charge-offs as a percent of average loans held for investment were 15 basis points, compared to eight basis points in full year 2014. |

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | Nonperforming assets fell 23% from a year ago and were 1.5% of total assets. |

|         |                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------|
| • | Noninterest income, excluding securities gains and losses and nonrecurring items, grew 15% from 4Q 2014. |

|         |                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Noninterest expenses, excluding credit and nonrecurring expenses, were $18.1 million in 4Q 2015, down less than 1% from 4Q 2014.  Average full time equivalent employees fell 3% from 4Q 2014. |

|         |                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------|
| • | Entered into a definitive merger agreement with Capital Bank Financial Corp on November 22, 2015. |

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----

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|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share data)                                                                                           | 4Q 2015 |   | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Income                                                                                                                 |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans                                                                                                      | $ | 16,594 |  |   | $ | 16,395 |  |   | $ | 16,006 |  |   | $ | 15,873 |  |   | $ | 15,871 |  |
| Interest and dividends on investment securities                                                                                 | 3,306 |  |   | 3,219 |  |   | 3,116 |  |   | 3,224 |  |   | 3,242 |  |
| Other interest income                                                                                                           | 232 |  |   | 216 |  |   | 208 |  |   | 171 |  |   | 158 |  |
|                                                                                                                            | Total interest income | 20,132 |  |   | 19,830 |  |   | 19,330 |  |   | 19,268 |  |   | 19,271 |  |
| Interest Expense                                                                                                                |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                        | 1,876 |  |   | 1,726 |  |   | 1,732 |  |   | 1,731 |  |   | 1,741 |  |
| Retail repurchase agreements                                                                                                    | 6 |  |   | 7 |  |   | 5 |  |   | 4 |  |   | 5 |  |
| Federal Home Loan Bank advances                                                                                                 | 499 |  |   | 507 |  |   | 488 |  |   | 469 |  |   | 516 |  |
| Other borrowed funds                                                                                                            | 287 |  |   | 280 |  |   | 278 |  |   | 290 |  |   | 288 |  |
|                                                                                                                            | Total interest expense | 2,668 |  |   | 2,520 |  |   | 2,503 |  |   | 2,494 |  |   | 2,550 |  |
| Net interest income before provision for loan losses                                                                            | 17,464 |  |   | 17,310 |  |   | 16,827 |  |   | 16,774 |  |   | 16,721 |  |
| Recovery of provision for loan losses                                                                                           | (992 | ) |   | (64 | ) |   | (788 | ) |   | (1,137 | ) |   | (1,323 | ) |
|                                                                                                                            | Net interest income after provision for loan losses | 18,456 |  |   | 17,374 |  |   | 17,615 |  |   | 17,911 |  |   | 18,044 |  |
| Noninterest Income                                                                                                              |   |   |   |   |   |   |   |   |   |
| Service charges on deposit accounts                                                                                             | 1,726 |  |   | 1,738 |  |   | 1,433 |  |   | 1,434 |  |   | 1,585 |  |
| Mortgage loan income                                                                                                            | 439 |  |   | 381 |  |   | 314 |  |   | 465 |  |   | 241 |  |
| Cardholder and merchant services income                                                                                         | 1,385 |  |   | 1,253 |  |   | 1,218 |  |   | 1,125 |  |   | 1,298 |  |
| Trust and investment services                                                                                                   | 416 |  |   | 376 |  |   | 403 |  |   | 322 |  |   | 394 |  |
| Bank owned life insurance                                                                                                       | 268 |  |   | 381 |  |   | 268 |  |   | 250 |  |   | 350 |  |
| Other service charges, commissions and fees                                                                                     | 472 |  |   | 477 |  |   | 421 |  |   | 383 |  |   | 366 |  |
| Securities gains, net                                                                                                           | — |  |   | — |  |   | — |  |   | — |  |   | 220 |  |
| Other income                                                                                                                    | 277 |  |   | 394 |  |   | 96 |  |   | 55 |  |   | 89 |  |
|                                                                                                                            | Total noninterest income | 4,983 |  |   | 5,000 |  |   | 4,153 |  |   | 4,034 |  |   | 4,543 |  |
| Noninterest Expense                                                                                                             |   |   |   |   |   |   |   |   |   |
| Personnel expense                                                                                                               | 12,767 |  |   | 9,984 |  |   | 10,462 |  |   | 10,594 |  |   | 10,717 |  |
| Net occupancy expense                                                                                                           | 1,409 |  |   | 1,591 |  |   | 1,211 |  |   | 1,469 |  |   | 1,526 |  |
| Furniture, equipment and data processing expense                                                                                | 2,017 |  |   | 2,113 |  |   | 1,875 |  |   | 1,989 |  |   | 2,078 |  |
| Professional fees                                                                                                               | 489 |  |   | 572 |  |   | 528 |  |   | 539 |  |   | 671 |  |
| Stationery, printing and supplies                                                                                               | 157 |  |   | 144 |  |   | 141 |  |   | 176 |  |   | 162 |  |
| Advertising and marketing                                                                                                       | 112 |  |   | 114 |  |   | 134 |  |   | 186 |  |   | 274 |  |
| Other real estate owned expense                                                                                                 | 889 |  |   | 556 |  |   | 506 |  |   | 360 |  |   | 572 |  |
| Credit/debit card expense                                                                                                       | 449 |  |   | 558 |  |   | 498 |  |   | 543 |  |   | 568 |  |
| FDIC insurance                                                                                                                  | 427 |  |   | 413 |  |   | 456 |  |   | 453 |  |   | 422 |  |
| Merger-related expense                                                                                                          | 1,986 |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Loan collection expense                                                                                                         | 132 |  |   | (76 | ) |   | 313 |  |   | 300 |  |   | 170 |  |
| Core deposit intangible amortization                                                                                            | 371 |  |   | 370 |  |   | 352 |  |   | 352 |  |   | 351 |  |
| Other expense                                                                                                                   | 1,021 |  |   | 1,088 |  |   | 1,351 |  |   | 1,047 |  |   | 2,935 |  |
|                                                                                                                            | Total noninterest expense | 22,226 |  |   | 17,427 |  |   | 17,827 |  |   | 18,008 |  |   | 20,446 |  |
| Income before income taxes                                                                                                      | 1,212 |  |   | 4,947 |  |   | 3,941 |  |   | 3,937 |  |   | 2,141 |  |
| Income tax expense (benefit)                                                                                                    | 857 |  |   | 3,430 |  |   | 1,418 |  |   | 1,418 |  |   | (142,475 | ) |
| Net Income                                                                                                                      | $ | 356 |  |   | $ | 1,517 |  |   | $ | 2,523 |  |   | $ | 2,519 |  |   | $ | 144,616 |  |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding - basic                                                                                     | 24,293 |  |   | 24,265 |  |   | 24,202 |  |   | 24,183 |  |   | 21,846 |  |
| Weighted average shares outstanding - diluted                                                                                   | 24,318 |  |   | 24,279 |  |   | 24,215 |  |   | 24,195 |  |   | 21,858 |  |
| Net income per share - basic                                                                                                    | $ | 0.01 |  |   | $ | 0.06 |  |   | $ | 0.10 |  |   | $ | 0.10 |  |   | $ | 6.62 |  |
| Net income per share - diluted                                                                                                  | 0.01 |  |   | 0.06 |  |   | 0.10 |  |   | 0.10 |  |   | 6.62 |  |
| Core net income per share - diluted 1                                                                                           | 0.11 |  |   | 0.12 |  |   | 0.10 |  |   | 0.10 |  |   | 0.11 |  |
| 1 Non-GAAP measure. See Quarterly Non-GAAP Measures table for reconciliation to the most directly comparable GAAP measure. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                              | 4Q 2015 |   | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |
|                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Assets                                      |   |   |   |   |   |   |   |   |   |
| Cash and due from banks                     | $ | 23,852 |  |   | $ | 23,725 |  |   | $ | 24,892 |  |   | $ | 25,715 |  |   | $ | 29,202 |  |
| Interest-bearing bank balances              | 15,323 |  |   | 4,281 |  |   | 6,094 |  |   | 22,218 |  |   | 66,680 |  |
| Investment securities:                      |   |   |   |   |   |   |   |   |   |
|                                        | Available-for-sale | 390,434 |  |   | 375,929 |  |   | 381,367 |  |   | 367,842 |  |   | 350,040 |  |
|                                        | Held-to-maturity | 147,967 |  |   | 152,670 |  |   | 156,648 |  |   | 140,559 |  |   | 142,461 |  |
| Loans held for sale                         | 5,403 |  |   | 4,089 |  |   | 2,767 |  |   | 7,571 |  |   | 2,796 |  |
| Loans held for investment                   | 1,543,795 |  |   | 1,522,455 |  |   | 1,445,853 |  |   | 1,395,911 |  |   | 1,357,788 |  |
|                                        | Less:  Allowance for loan losses | (15,195 | ) |   | (17,188 | ) |   | (17,989 | ) |   | (19,008 | ) |   | (20,345 | ) |
|                                        |   | Net loans held for investment | 1,528,600 |  |   | 1,505,267 |  |   | 1,427,864 |  |   | 1,376,903 |  |   | 1,337,443 |  |
| Premises and equipment, net                 | 44,457 |  |   | 44,846 |  |   | 45,375 |  |   | 43,809 |  |   | 46,782 |  |
| Other real estate owned                     | 16,583 |  |   | 19,166 |  |   | 19,955 |  |   | 21,040 |  |   | 20,411 |  |
| Core deposit premiums and other intangibles | 5,208 |  |   | 5,443 |  |   | 5,393 |  |   | 5,500 |  |   | 5,681 |  |
| Goodwill                                    | 4,205 |  |   | 4,205 |  |   | 4,205 |  |   | 4,205 |  |   | 4,205 |  |
| Bank owned life insurance                   | 40,869 |  |   | 40,579 |  |   | 40,499 |  |   | 40,212 |  |   | 39,946 |  |
| Deferred tax asset, net                     | 141,716 |  |   | 139,917 |  |   | 145,229 |  |   | 144,223 |  |   | 146,432 |  |
| Other assets                                | 32,648 |  |   | 33,177 |  |   | 33,099 |  |   | 32,137 |  |   | 23,435 |  |
|                                        |   | Total Assets | $ | 2,397,265 |  |   | $ | 2,353,294 |  |   | $ | 2,293,387 |  |   | $ | 2,231,934 |  |   | $ | 2,215,514 |  |
| Liabilities                                 |   |   |   |   |   |   |   |   |   |
| Deposits:                                   |   |   |   |   |   |   |   |   |   |
|                                        | Noninterest-bearing demand deposits | $ | 386,329 |  |   | $ | 359,969 |  |   | $ | 352,033 |  |   | $ | 337,417 |  |   | $ | 323,776 |  |
|                                        | Interest-bearing deposits: |   |   |   |   |   |   |   |   |   |
|                                        |   | Demand, savings and money market deposits | 939,878 |  |   | 895,841 |  |   | 889,703 |  |   | 880,721 |  |   | 882,332 |  |
|                                        |   | Time deposits | 621,330 |  |   | 641,069 |  |   | 613,902 |  |   | 589,334 |  |   | 588,312 |  |
|                                        | Total deposits | 1,947,537 |  |   | 1,896,879 |  |   | 1,855,638 |  |   | 1,807,472 |  |   | 1,794,420 |  |
| Retail repurchase agreements                | 7,219 |  |   | 16,753 |  |   | 11,424 |  |   | 7,837 |  |   | 9,076 |  |
| Federal Home Loan Bank advances             | 93,681 |  |   | 90,244 |  |   | 80,708 |  |   | 68,221 |  |   | 68,234 |  |
| Junior subordinated debentures              | 56,702 |  |   | 56,702 |  |   | 56,702 |  |   | 56,702 |  |   | 56,702 |  |
| Long term notes payable                     | 5,415 |  |   | 5,396 |  |   | 5,377 |  |   | 5,358 |  |   | 5,338 |  |
| Other liabilities                           | 13,673 |  |   | 12,680 |  |   | 13,752 |  |   | 15,392 |  |   | 14,828 |  |
|                                        | Total Liabilities | 2,124,227 |  |   | 2,078,654 |  |   | 2,023,601 |  |   | 1,960,982 |  |   | 1,948,598 |  |
| Shareholders' Equity                        |   |   |   |   |   |   |   |   |   |
| Preferred Stock, 10,000,000 authorized      |   |   |   |   |   |   |   |   |   |
|                                        | Series A, $10.00 par value, 51,500 issued and no shares outstanding | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                                        | Series B, no par value, 250,000 authorized, no shares issued or outstanding | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Common stock                                | 490,076 |  |   | 488,306 |  |   | 488,005 |  |   | 487,781 |  |   | 487,603 |  |
| Accumulated deficit                         | (206,299 | ) |   | (206,653 | ) |   | (208,170 | ) |   | (210,693 | ) |   | (213,212 | ) |
| Accumulated other comprehensive loss        | (10,739 | ) |   | (7,013 | ) |   | (10,049 | ) |   | (6,136 | ) |   | (7,475 | ) |
|                                        | Total Shareholders' Equity | 273,038 |  |   | 274,640 |  |   | 269,786 |  |   | 270,952 |  |   | 266,916 |  |
|                                        |   | Total Liabilities and Shareholders' Equity | $ | 2,397,265 |  |   | $ | 2,353,294 |  |   | $ | 2,293,387 |  |   | $ | 2,231,934 |  |   | $ | 2,215,514 |  |

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|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share data)                                                                                           | 4Q 2015 |   | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |
| Income Statement Data                                                                                                           |   |   |   |   |   |   |   |   |   |
| Net interest income                                                                                                             | $ | 17,464 |  |   | $ | 17,310 |  |   | $ | 16,827 |  |   | $ | 16,774 |  |   | $ | 16,721 |  |
| Recovery of provision for loan losses                                                                                           | (992 | ) |   | (64 | ) |   | (788 | ) |   | (1,137 | ) |   | (1,323 | ) |
| Noninterest income                                                                                                              | 4,983 |  |   | 5,000 |  |   | 4,153 |  |   | 4,034 |  |   | 4,543 |  |
| Noninterest expense                                                                                                             | 22,226 |  |   | 17,427 |  |   | 17,827 |  |   | 18,008 |  |   | 20,446 |  |
| Income before taxes                                                                                                             | 1,212 |  |   | 4,947 |  |   | 3,941 |  |   | 3,937 |  |   | 2,141 |  |
| Net income                                                                                                                      | 356 |  |   | 1,517 |  |   | 2,523 |  |   | 2,519 |  |   | 144,616 |  |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Period End Balances                                                                                                             |   |   |   |   |   |   |   |   |   |
| Assets                                                                                                                          | $ | 2,397,265 |  |   | $ | 2,353,294 |  |   | $ | 2,293,387 |  |   | $ | 2,231,934 |  |   | $ | 2,215,514 |  |
| Loans held for sale                                                                                                             | 5,403 |  |   | 4,089 |  |   | 2,767 |  |   | 7,571 |  |   | 2,796 |  |
| Loans held for investment                                                                                                       | 1,543,795 |  |   | 1,522,455 |  |   | 1,445,853 |  |   | 1,395,911 |  |   | 1,357,788 |  |
| Allowance for loan losses                                                                                                       | (15,195 | ) |   | (17,188 | ) |   | (17,989 | ) |   | (19,008 | ) |   | (20,345 | ) |
| Goodwill and other intangible assets                                                                                            | 9,413 |  |   | 9,648 |  |   | 9,598 |  |   | 9,705 |  |   | 9,886 |  |
| Deposits                                                                                                                        | 1,947,537 |  |   | 1,896,879 |  |   | 1,855,638 |  |   | 1,807,472 |  |   | 1,794,420 |  |
| Borrowings                                                                                                                      | 163,017 |  |   | 169,095 |  |   | 154,211 |  |   | 138,118 |  |   | 139,350 |  |
| Shareholders' equity                                                                                                            | 273,038 |  |   | 274,640 |  |   | 269,786 |  |   | 270,952 |  |   | 266,916 |  |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Average Balances                                                                                                                |   |   |   |   |   |   |   |   |   |
| Assets                                                                                                                          | $ | 2,388,160 |  |   | $ | 2,320,627 |  |   | $ | 2,246,949 |  |   | $ | 2,202,247 |  |   | $ | 2,042,109 |  |
| Loans held for sale                                                                                                             | 5,771 |  |   | 3,584 |  |   | 3,981 |  |   | 2,781 |  |   | 1,997 |  |
| Loans held for investment                                                                                                       | 1,538,487 |  |   | 1,479,587 |  |   | 1,406,827 |  |   | 1,376,053 |  |   | 1,338,877 |  |
| Allowance for loan losses                                                                                                       | (16,821 | ) |   | (17,688 | ) |   | (18,970 | ) |   | (20,239 | ) |   | (21,552 | ) |
| Goodwill and other intangible assets                                                                                            | 9,450 |  |   | 9,527 |  |   | 9,458 |  |   | 9,697 |  |   | 10,002 |  |
| Deposits                                                                                                                        | 1,926,882 |  |   | 1,850,578 |  |   | 1,799,682 |  |   | 1,781,533 |  |   | 1,785,575 |  |
| Borrowings                                                                                                                      | 173,284 |  |   | 184,942 |  |   | 161,996 |  |   | 138,757 |  |   | 144,315 |  |
| Shareholders' equity                                                                                                            | 275,426 |  |   | 271,757 |  |   | 271,229 |  |   | 268,799 |  |   | 99,445 |  |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Per Share Data                                                                                                                  |   |   |   |   |   |   |   |   |   |
| Net income per share - basic                                                                                                    | $ | 0.01 |  |   | $ | 0.06 |  |   | $ | 0.10 |  |   | $ | 0.10 |  |   | $ | 6.62 |  |
| Net income per share - diluted                                                                                                  | 0.01 |  |   | 0.06 |  |   | 0.10 |  |   | 0.10 |  |   | 6.62 |  |
| Core net income per share - diluted 1                                                                                           | 0.11 |  |   | 0.12 |  |   | 0.10 |  |   | 0.10 |  |   | 0.11 |  |
| Book value (Shareholders' Equity)                                                                                               | 11.24 |  |   | 11.31 |  |   | 11.14 |  |   | 11.20 |  |   | 11.04 |  |
| Tangible book value (Tangible Shareholders' Equity) 1                                                                           | 10.85 |  |   | 10.91 |  |   | 10.75 |  |   | 10.80 |  |   | 10.63 |  |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Performance Ratios                                                                                                              |   |   |   |   |   |   |   |   |   |
| Return on average assets                                                                                                        | 0.06 | % |   | 0.26 | % |   | 0.45 | % |   | 0.46 | % |   | 28.10 |  % |
| Core return on average assets 1                                                                                                 | 0.45 | % |   | 0.50 | % |   | 0.45 | % |   | 0.46 | % |   | 0.45 |  % |
| Return on average tangible assets                                                                                               | 0.06 | % |   | 0.26 | % |   | 0.45 | % |   | 0.47 | % |   | 28.23 |  % |
| Return on average equity                                                                                                        | 0.51 | % |   | 2.21 | % |   | 3.73 | % |   | 3.80 | % |   | 576.95 |  % |
| Return on average tangible equity 1                                                                                             | 0.5 | % |   | 2.3 | % |   | 3.9 | % |   | 3.9 | % |   | 641.5 |  % |
| Net interest margin (tax equivalent)                                                                                            | 3.29 | % |   | 3.37 | % |   | 3.43 | % |   | 3.54 | % |   | 3.49 |  % |
| PCNR noninterest expense to average assets 1                                                                                    | 3.03 | % |   | 2.92 | % |   | 3.03 | % |   | 3.15 | % |   | 3.55 |  % |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Asset Quality Ratios                                                                                                            |   |   |   |   |   |   |   |   |   |
| Allowance for loan losses to loans held for investment                                                                          | 0.98 | % |   | 1.13 | % |   | 1.24 | % |   | 1.36 | % |   | 1.50 |  % |
| Net annualized charge-offs (recoveries) to average loans held for investment                                                    | 0.26 | % |   | 0.20 | % |   | 0.07 | % |   | 0.06 | % |   | (0.04 | )% |
| Nonperforming assets to total assets                                                                                            | 1.5 | % |   | 1.6 | % |   | 1.7 | % |   | 1.9 | % |   | 2.1 |  % |
| Classified assets to Tier 1 + ALL                                                                                               | 33 | % |   | 34 | % |   | 36 | % |   | 39 | % |   | 41 |  % |
|                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capital and Other Ratios                                                                                                        |   |   |   |   |   |   |   |   |   |
| CommunityOne Bancorp leverage capital                                                                                           | 8.19 | % |   | 8.43 | % |   | 8.50 | % |   | 8.47 | % |   | 9.78 |  % |
| CommunityOne Bank, N.A. leverage capital                                                                                        | 9.30 | % |   | 9.53 | % |   | 9.67 | % |   | 9.69 | % |   | 9.94 |  % |
| CommunityOne Bancorp common equity Tier 1                                                                                       | 11.20 | % |   | 11.64 | % |   | 11.85 | % |   | 11.86 | % |   | N/A |  |
| Loans held for investment to deposits                                                                                           | 79 | % |   | 80 | % |   | 78 | % |   | 77 | % |   | 76 |  % |
| 1 Non-GAAP measure. See Quarterly Non-GAAP Measures table for reconciliation to the most directly comparable GAAP measure. |

----

|                                                                                                                              |
|------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share data)                                                                                        | 2015 |   | 2014 |   | 2013 |   |   |   |   |
| Interest Income                                                                                                              |   |   |   |   |   |   |   |   |   |
| Interest and fees on loans                                                                                                   | $ | 64,868 |  |   | $ | 59,183 |  |   | $ | 60,147 |  |   |   |   |   |
| Interest and dividends on investment securities                                                                              | 12,865 |  |   | 14,068 |  |   | 14,180 |  |   |   |   |   |
| Other interest income                                                                                                        | 827 |  |   | 605 |  |   | 665 |  |   |   |   |   |
|                                                                                                                         | Total interest income | 78,560 |  |   | 73,856 |  |   | 74,992 |  |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest Expense                                                                                                             |   |   |   |   |   |   |   |   |   |
| Deposits                                                                                                                     | 7,065 |  |   | 6,909 |  |   | 8,070 |  |   |   |   |   |
| Retail repurchase agreements                                                                                                 | 22 |  |   | 16 |  |   | 21 |  |   |   |   |   |
| Federal Home Loan Bank advances                                                                                              | 1,963 |  |   | 2,020 |  |   | 1,376 |  |   |   |   |   |
| Other borrowed funds                                                                                                         | 1,135 |  |   | 1,145 |  |   | 1,092 |  |   |   |   |   |
|                                                                                                                         | Total interest expense | 10,185 |  |   | 10,090 |  |   | 10,559 |  |   |   |   |   |
| Net interest income before provision for loan losses                                                                         | 68,375 |  |   | 63,766 |  |   | 64,433 |  |   |   |   |   |
| Provision for (recovery of) loan losses                                                                                      | (2,981 | ) |   | (5,371 | ) |   | 523 |  |   |   |   |   |
|                                                                                                                         | Net interest income after provision for loan losses | 71,356 |  |   | 69,137 |  |   | 63,910 |  |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest Income                                                                                                           |   |   |   |   |   |   |   |   |   |
| Service charges on deposit accounts                                                                                          | 6,331 |  |   | 6,351 |  |   | 6,714 |  |   |   |   |   |
| Mortgage loan income                                                                                                         | 1,599 |  |   | 881 |  |   | 2,319 |  |   |   |   |   |
| Cardholder and merchant services income                                                                                      | 4,981 |  |   | 4,803 |  |   | 4,531 |  |   |   |   |   |
| Trust and investment services                                                                                                | 1,517 |  |   | 1,495 |  |   | 1,305 |  |   |   |   |   |
| Bank owned life insurance                                                                                                    | 1,167 |  |   | 1,153 |  |   | 1,073 |  |   |   |   |   |
| Other service charges, commissions and fees                                                                                  | 1,753 |  |   | 1,340 |  |   | 1,315 |  |   |   |   |   |
| Securities gains, net                                                                                                        | — |  |   | 974 |  |   | 2,772 |  |   |   |   |   |
| Other income                                                                                                                 | 822 |  |   | 367 |  |   | 385 |  |   |   |   |   |
|                                                                                                                         | Total noninterest income | 18,170 |  |   | 17,364 |  |   | 20,414 |  |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest Expense                                                                                                          |   |   |   |   |   |   |   |   |   |
| Personnel expense                                                                                                            | 43,807 |  |   | 43,682 |  |   | 40,661 |  |   |   |   |   |
| Net occupancy expense                                                                                                        | 5,680 |  |   | 6,112 |  |   | 6,391 |  |   |   |   |   |
| Furniture, equipment and data processing expense                                                                             | 7,994 |  |   | 8,336 |  |   | 8,638 |  |   |   |   |   |
| Professional fees                                                                                                            | 2,128 |  |   | 2,470 |  |   | 3,100 |  |   |   |   |   |
| Stationery, printing and supplies                                                                                            | 618 |  |   | 646 |  |   | 644 |  |   |   |   |   |
| Advertising and marketing                                                                                                    | 546 |  |   | 716 |  |   | 1,135 |  |   |   |   |   |
| Other real estate owned expense                                                                                              | 2,311 |  |   | 1,758 |  |   | 4,138 |  |   |   |   |   |
| Credit/debit card expense                                                                                                    | 2,048 |  |   | 2,287 |  |   | 2,143 |  |   |   |   |   |
| FDIC insurance                                                                                                               | 1,749 |  |   | 2,068 |  |   | 2,643 |  |   |   |   |   |
| Merger-related expense                                                                                                       | 1,986 |  |   | — |  |   | 3,498 |  |   |   |   |   |
| Loan collection expense                                                                                                      | 669 |  |   | 1,576 |  |   | 4,333 |  |   |   |   |   |
| Core deposit intangible amortization                                                                                         | 1,445 |  |   | 1,407 |  |   | 1,407 |  |   |   |   |   |
| Other expense                                                                                                                | 4,507 |  |   | 7,477 |  |   | 5,750 |  |   |   |   |   |
|                                                                                                                         | Total noninterest expense | 75,488 |  |   | 78,535 |  |   | 84,481 |  |   |   |   |   |
| Income before income taxes                                                                                                   | 14,038 |  |   | 7,966 |  |   | (157 | ) |   |   |   |   |
| Income tax expense (benefit)                                                                                                 | 7,124 |  |   | (142,492 | ) |   | 1,326 |  |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Net Income (Loss)                                                                                                            | $ | 6,914 |  |   | $ | 150,458 |  |   | $ | (1,483 | ) |   |   |   |   |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Weighted average shares outstanding - basic                                                                                  | 24,236 |  |   | 21,852 |  |   | 21,731 |  |   |   |   |   |
| Weighted average shares outstanding - diluted                                                                                | 24,252 |  |   | 21,864 |  |   | 21,731 |  |   |   |   |   |
| Net income (loss) per share - basic                                                                                          | $ | 0.29 |  |   | $ | 6.89 |  |   | $ | (0.07 | ) |   |   |   |   |
| Net income (loss) per share - diluted                                                                                        | 0.29 |  |   | 6.88 |  |   | (0.07 | ) |   |   |   |   |
| Core net income per share - diluted 1                                                                                        | 0.44 |  |   | 0.34 |  |   | 0.04 |  |   |   |   |   |
| 1 Non-GAAP measure. See Annual Non-GAAP Measures table for reconciliation to the most directly comparable GAAP measure. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                              | 2015 |   | 2014 |   | 2013 |
|                                        |   |   |   |   |   |   |   |   |   |
| Assets                                      |   |   |   |   |   |
| Cash and due from banks                     | $ | 23,852 |  |   | $ | 29,202 |  |   | $ | 31,917 |  |
| Interest-bearing bank balances              | 15,323 |  |   | 66,680 |  |   | 35,513 |  |
| Investment securities:                      |   |   |   |   |   |
|                                        | Available-for-sale | 390,434 |  |   | 350,040 |  |   | 414,614 |  |
|                                        | Held-to-maturity | 147,967 |  |   | 142,461 |  |   | 151,795 |  |
| Loans held for sale                         | 5,403 |  |   | 2,796 |  |   | 1,836 |  |
| Loans held for investment                   | 1,543,795 |  |   | 1,357,788 |  |   | 1,212,248 |  |
|                                        | Less:  Allowance for loan losses | (15,195 | ) |   | (20,345 | ) |   | (26,785 | ) |
|                                        |   | Net loans held for investment | 1,528,600 |  |   | 1,337,443 |  |   | 1,185,463 |  |
| Premises and equipment, net                 | 44,457 |  |   | 46,782 |  |   | 50,889 |  |
| Other real estate owned                     | 16,583 |  |   | 20,411 |  |   | 28,395 |  |
| Core deposit premiums and other intangibles | 5,208 |  |   | 5,681 |  |   | 6,914 |  |
| Goodwill                                    | 4,205 |  |   | 4,205 |  |   | 4,205 |  |
| Bank owned life insurance                   | 40,869 |  |   | 39,946 |  |   | 39,940 |  |
| Deferred tax asset, net                     | 141,716 |  |   | 146,432 |  |   | 10,215 |  |
| Other assets                                | 32,648 |  |   | 23,435 |  |   | 23,336 |  |
|                                        |   |   |   |   |   |   |   |   |   |
|                                        |   | Total Assets | $ | 2,397,265 |  |   | $ | 2,215,514 |  |   | $ | 1,985,032 |  |
|                                        |   |   |   |   |   |   |   |   |   |
| Liabilities                                 |   |   |   |   |   |
| Deposits:                                   |   |   |   |   |   |
|                                        | Noninterest-bearing demand deposits | $ | 386,329 |  |   | $ | 323,776 |  |   | $ | 290,461 |  |
|                                        | Interest-bearing deposits: |   |   |   |   |   |
|                                        |   | Demand, savings and money market deposits | 939,878 |  |   | 882,332 |  |   | 875,970 |  |
|                                        |   | Time deposits | 621,330 |  |   | 588,312 |  |   | 582,274 |  |
|                                        | Total deposits | 1,947,537 |  |   | 1,794,420 |  |   | 1,748,705 |  |
| Retail repurchase agreements                | 7,219 |  |   | 9,076 |  |   | 6,917 |  |
| Federal Home Loan Bank advances             | 93,681 |  |   | 68,234 |  |   | 73,283 |  |
| Junior subordinated debentures              | 56,702 |  |   | 56,702 |  |   | 56,702 |  |
| Long term notes payable                     | 5,415 |  |   | 5,338 |  |   | 5,263 |  |
| Other liabilities                           | 13,673 |  |   | 14,828 |  |   | 13,801 |  |
|                                        | Total Liabilities | 2,124,227 |  |   | 1,948,598 |  |   | 1,904,671 |  |
|                                        |   |   |   |   |   |   |   |   |   |
| Shareholders' Equity                        |   |   |   |   |   |
| Preferred Stock, 10,000,000 authorized      |   |   |   |   |   |
|                                        | Series A, $10.00 par value, 51,500 issued and no shares outstanding | — |  |   | — |  |   | — |  |
|                                        | Series B, no par value, 250,000 authorized, no shares issued or outstanding | — |  |   | — |  |   | — |  |
| Common stock                                | 490,076 |  |   | 487,603 |  |   | 461,636 |  |
| Accumulated deficit                         | (206,299 | ) |   | (213,212 | ) |   | (363,670 | ) |
| Accumulated other comprehensive loss        | (10,739 | ) |   | (7,475 | ) |   | (17,605 | ) |
|                                        | Total Shareholders' Equity | 273,038 |  |   | 266,916 |  |   | 80,361 |  |
|                                        |   | Total Liabilities and Shareholders' Equity | $ | 2,397,265 |  |   | $ | 2,215,514 |  |   | $ | 1,985,032 |  |

----

|                                                                                                                              |
|------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share data)                                                                                        | 2015 |   | 2014 |   | 2013 |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Income Statement Data                                                                                                        |   |   |   |   |   |
|  Net interest income                                                                                                    | $ | 68,375 |  |   | $ | 63,766 |  |   | $ | 64,433 |  |
|  Provision for (recovery of) loan losses                                                                                | (2,981 | ) |   | (5,371 | ) |   | 523 |  |
|  Noninterest income                                                                                                     | 18,170 |  |   | 17,364 |  |   | 20,414 |  |
|  Noninterest expense                                                                                                    | 75,488 |  |   | 78,535 |  |   | 84,481 |  |
|  Income (loss) before taxes                                                                                             | 14,038 |  |   | 7,966 |  |   | (157 | ) |
|  Net income (loss)                                                                                                      | 6,914 |  |   | 150,458 |  |   | (1,483 | ) |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Period End Balances                                                                                                          |   |   |   |   |   |
|  Assets                                                                                                                 | $ | 2,397,265 |  |   | $ | 2,215,514 |  |   | $ | 1,985,032 |  |
|  Loans held for sale                                                                                                    | 5,403 |  |   | 2,796 |  |   | 1,836 |  |
|  Loans held for investment                                                                                              | 1,543,795 |  |   | 1,357,788 |  |   | 1,212,248 |  |
|  Allowance for loan losses                                                                                              | (15,195 | ) |   | (20,345 | ) |   | (26,785 | ) |
|  Goodwill and other intangible assets                                                                                   | 9,413 |  |   | 9,886 |  |   | 11,119 |  |
|  Deposits                                                                                                               | 1,947,537 |  |   | 1,794,420 |  |   | 1,748,705 |  |
|  Borrowings                                                                                                             | 163,017 |  |   | 139,350 |  |   | 142,165 |  |
|  Shareholders' equity                                                                                                   | 273,038 |  |   | 266,916 |  |   | 80,361 |  |
|                                                                                                                         |   |   |   |   |   |   |   |   |
| Average Balances                                                                                                             |   |   |   |   |   |
|  Assets                                                                                                                 | $ | 2,290,090 |  |   | $ | 2,005,948 |  |   | $ | 2,047,146 |  |
|  Loans held for sale                                                                                                    | 4,036 |  |   | 1,603 |  |   | 3,693 |  |
|  Loans held for investment                                                                                              | 1,450,764 |  |   | 1,268,599 |  |   | 1,158,985 |  |
|  Allowance for loan losses                                                                                              | (18,418 | ) |   | (24,770 | ) |   | (27,596 | ) |
|  Goodwill and other intangible assets                                                                                   | 9,532 |  |   | 10,476 |  |   | 11,412 |  |
|  Deposits                                                                                                               | 1,840,096 |  |   | 1,758,471 |  |   | 1,809,575 |  |
|  Borrowings                                                                                                             | 164,894 |  |   | 143,206 |  |   | 131,710 |  |
|  Shareholders' equity                                                                                                   | 271,821 |  |   | 91,151 |  |   | 85,576 |  |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Per Share Data                                                                                                               |   |   |   |   |   |
|  Net income (loss) per share - basic                                                                                    | $ | 0.29 |  |   | $ | 6.89 |  |   | $ | (0.07 | ) |
|  Net income (loss) per share - diluted                                                                                  | 0.29 |  |   | 6.88 |  |   | (0.07 | ) |
|  Core net income per share - diluted 1                                                                                  | 0.44 |  |   | 0.34 |  |   | 0.04 |  |
|  Book value (Shareholders' Equity)                                                                                      | 11.24 |  |   | 11.04 |  |   | 3.68 |  |
|  Tangible book value (Tangible Shareholders' Equity) 1                                                                  | 10.85 |  |   | 10.63 |  |   | 3.17 |  |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Performance Ratios                                                                                                           |   |   |   |   |   |
| Return on average assets                                                                                                     | 0.30 | % |   | 7.50 | % |   | (0.07 | )% |
| Core return on average assets                                                                                                | 0.47 | % |   | 0.37 | % |   | 0.04 |  % |
| Return on average tangible assets 1                                                                                          | 0.3 | % |   | 7.6 | % |   | (0.1 | )% |
| Return on average equity                                                                                                     | 2.5 | % |   | 165.1 | % |   | (1.7 | )% |
| Return on average tangible equity 1                                                                                          | 2.71 | % |   | 207.66 | % |   | (2.14 | )% |
| Net interest margin (tax equivalent)                                                                                         | 3.40 | % |   | 3.43 | % |   | 3.44 |  % |
| PCNR noninterest expense to average assets 1                                                                                 | 3.03 | % |   | 3.54 | % |   | 3.5 |  % |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Asset Quality Ratios                                                                                                         |   |   |   |   |   |
| Allowance for loan losses to loans held for investment                                                                       | 0.98 | % |   | 1.50 | % |   | 2.21 |  % |
| Net annualized charge-offs (recoveries) to average loans   held for investment                                | 0.15 | % |   | 0.08 | % |   | 0.26 |  % |
| Nonperforming assets to total assets                                                                                         | 1.5 | % |   | 2.1 | % |   | 3.2 |  % |
| Classified assets to Tier 1 + ALL                                                                                            | 33 | % |   | 41 | % |   | 85 |  % |
|                                                                                                                         |   |   |   |   |   |   |   |   |   |
| Capital and Other Ratios                                                                                                     |   |   |   |   |   |
| CommunityOne Bancorp leverage capital                                                                                        | 8.19 | % |   | 9.78 | % |   | 5.96 |  % |
| CommunityOne Bank, N.A. leverage capital                                                                                     | 9.30 | % |   | 9.94 | % |   | 7.49 |  % |
| CommunityOne Bancorp common equity Tier 1                                                                                    | 11.20 | % |   |              N/A |   |              N/A |
| Loans held for investment to deposits                                                                                        | 79 | % |   | 76 | % |   | 69 |  % |
| 1 Non-GAAP measure. See Annual Non-GAAP Measures table for reconciliation to the most directly comparable GAAP measure. |

----

|                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                                                                                                                                | 4Q 2015 |   | 3Q 2015 |   | 2Q 2015 |   | 1Q 2015 |   | 4Q 2014 |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book Value (Shareholders' Equity)                                                                                                             | $ | 273,038 |  |   | $ | 274,640 |  |   | $ | 269,786 |  |   | $ | 270,952 |  |   | $ | 266,916 |  |
| Less:                                                                                                                                         |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          | Goodwill | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |
|                                                                                                                                          | Core deposit and other intangibles | (5,208 | ) |   | (5,443 | ) |   | (5,393 | ) |   | (5,500 | ) |   | (5,681 | ) |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Tangible Book Value (Tangible Shareholders' Equity) (Non-GAAP)                                                                                | $ | 263,625 |  |   | $ | 264,992 |  |   | $ | 260,188 |  |   | $ | 261,247 |  |   | $ | 257,030 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest Expense                                                                                                                           | $ | 22,226 |  |   | $ | 17,427 |  |   | $ | 17,827 |  |   | $ | 18,008 |  |   | $ | 20,446 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less nonrecurring:                                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          | Branch closure and restructuring expenses | — |  |   | — |  |   | — |  |   | — |  |   | 1,566 |  |
|                                                                                                                                          | Merger-related expense | 1,986 |  |   | — |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                          | RSA acceleration | 1,142 |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Core Noninterest Expense (Non-GAAP) 4                                                                                                         | $ | 19,098 |  |   | $ | 17,427 |  |   | $ | 17,827 |  |   | $ | 18,008 |  |   | $ | 18,880 |  |
| Less credit related items:                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          | Other real estate owned expense | 889 |  |   | 556 |  |   | 506 |  |   | 360 |  |   | 572 |  |
|                                                                                                                                          | Loan collection expense (recovery) | 132 |  |   | (76 | ) |   | 313 |  |   | 300 |  |   | 170 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| PCNR Noninterest Expense (Non-GAAP) 3                                                                                                         | $ | 18,077 |  |   | $ | 16,947 |  |   | $ | 17,008 |  |   | $ | 17,348 |  |   | $ | 18,138 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Noninterest Income                                                                                                                            | $ | 4,983 |  |   | $ | 5,000 |  |   | $ | 4,153 |  |   | $ | 4,034 |  |   | $ | 4,543 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less nonrecurring:                                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          | Bargain purchase gain | — |  |   | 316 |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                          | Securities gains, net | — |  |   | — |  |   | — |  |   | — |  |   | 220 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Core Noninterest Income (Non-GAAP) 4                                                                                                          | $ | 4,983 |  |   | $ | 4,684 |  |   | $ | 4,153 |  |   | $ | 4,034 |  |   | $ | 4,323 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Net Income Before Tax                                                                                                                         | $ | 1,212 |  |   | $ | 4,947 |  |   | $ | 3,941 |  |   | $ | 3,937 |  |   | $ | 2,141 |  |
| Less nonrecurring:                                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          | Securities gains, net | — |  |   | — |  |   | — |  |   | — |  |   | 220 |  |
|                                                                                                                                          | Branch closure and restructuring expense | — |  |   | — |  |   | — |  |   | — |  |   | (1,566 | ) |
|                                                                                                                                          | RSA acceleration | (1,142 | ) |   | — |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                          | Merger-related expense | (1,986 | ) |   | — |  |   | — |  |   | — |  |   | — |  |
|                                                                                                                                          | Bargain purchase gain | — |  |   | 316 |  |   | — |  |   | — |  |   | — |  |
| Total nonrecurring items                                                                                                                      | (3,128 | ) |   | 316 |  |   | — |  |   | — |  |   | (1,346 | ) |
| Core Net Income Before Tax (Non-GAAP) 4                                                                                                       | $ | 4,340 |  |   | $ | 4,631 |  |   | $ | 3,941 |  |   | $ | 3,937 |  |   | $ | 3,487 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |   |
| Income Tax Expense (Benefit)                                                                                                                  | 857 |  |   | 3,430 |  |   | 1,418 |  |   | 1,418 |  |   | (142,475 | ) |
| Less nonrecurring tax items and adjustments:                                                                                                  |   |   |   |   |   |   |   |   |   |
|                                                                                                                                          | Tax effect of nonrecurring items 1 | (765 | ) |   | 114 |  |   | — |  |   | — |  |   | (444 | ) |
|                                                                                                                                          | DTA valuation allowance release and revaluation | — |  |   | 1,607 |  |   | — |  |   | — |  |   | (142,475 | ) |
|                                                                                                                                          | Income tax at effective rate 2 | — |  |   | — |  |   | — |  |   | — |  |   | (707 | ) |
| Core Income Tax Expense (Non-GAAP)  4                                                                                                    | $ | 1,622 |  |   | $ | 1,709 |  |   | $ | 1,418 |  |   | $ | 1,418 |  |   | $ | 1,151 |  |
|                                                                                                                                          |   |   |   |   |   |   |   |   |   |
| Core Net Income (Non-GAAP)  4                                                                                                            | $ | 2,719 |  |   | $ | 2,922 |  |   | $ | 2,523 |  |   | $ | 2,519 |  |   | $ | 2,336 |  |
| 1 Tax effected at an income tax rate of 33% in 2014 and 36% in 2015. Nonrecurring items in 4Q 2015 include $1.0 mm of nondeductible expenses. |
| 2 Projected income tax expense at 33%. In 2014 all tax items resulted in changes to the DTA valuation allowance.                              |
| 3 Pre-credit and nonrecurring ("PCNR") expense excludes credit related and nonrecurring expenses.                                             |
| 4 Core measures exclude nonrecurring items.                                                                                                   |

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|-------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                                                                                                                                        | 2015 |   | 2014 |   | 2013 |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Book Value (Shareholders' Equity)                                                                                                                     | $ | 273,038 |  |   | $ | 266,916 |  |   | $ | 80,361 |  |   |   |   |   |
| Less:                                                                                                                                                 |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  | Goodwill | (4,205 | ) |   | (4,205 | ) |   | (4,205 | ) |   |   |   |   |
|                                                                                                                                                  | Core deposit and other intangibles | (5,208 | ) |   | (5,681 | ) |   | (6,914 | ) |   |   |   |   |
| Tangible Book Value (Tangible Shareholders' Equity) (Non-GAAP)                                                                                        | $ | 263,625 |  |   | $ | 257,030 |  |   | $ | 69,242 |  |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest Expense                                                                                                                                   | $ | 75,488 |  |   | $ | 78,535 |  |   | $ | 84,481 |  |   |   |   |   |
| Less nonrecurring:                                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  | Branch closure and restructuring expenses | — |  |   | 1,756 |  |   | 675 |  |   |   |   |   |
|                                                                                                                                                  | CEO severance expense | — |  |   | 2,060 |  |   | — |  |   |   |   |   |
|                                                                                                                                                  | US Treasury sale expenses | — |  |   | 409 |  |   | — |  |   |   |   |   |
|                                                                                                                                                  | Rebranding expense | — |  |   | — |  |   | 616 |  |   |   |   |   |
|                                                                                                                                                  | Mortgage and litigation recovery | — |  |   | (68 | ) |   | (487 | ) |   |   |   |   |
|                                                                                                                                                  | RSA acceleration | 1,142 |  |   | — |  |   | — |  |   |   |   |   |
|                                                                                                                                                  | Merger-related expense | 1,986 |  |   | — |  |   | 3,498 |  |   |   |   |   |
| Core Noninterest Expense (Non-GAAP) 4                                                                                                                 | $ | 72,360 |  |   | $ | 74,378 |  |   | $ | 80,179 |  |   |   |   |   |
| Less credit related items:                                                                                                                            |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  | Other real estate owned expense | 2,311 |  |   | 1,758 |  |   | 4,138 |  |   |   |   |   |
|                                                                                                                                                  | Loan collection expense | 669 |  |   | 1,576 |  |   | 4,333 |  |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| PCNR Noninterest Expense (Non-GAAP) 3                                                                                                                 | $ | 69,380 |  |   | $ | 71,044 |  |   | $ | 71,708 |  |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest Income                                                                                                                                    | $ | 18,170 |  |   | $ | 17,364 |  |   | $ | 20,414 |  |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Less nonrecurring:                                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  | Bargain purchase gain | 316 |  |   | — |  |   | — |  |   |   |   |   |
|                                                                                                                                                  | Securities gains, net | — |  |   | 974 |  |   | 2,772 |  |   |   |   |   |
| Core Noninterest Income (Non-GAAP) 4                                                                                                                  | $ | 17,854 |  |   | $ | 16,390 |  |   | $ | 17,642 |  |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Income (Loss) Before Tax                                                                                                                          | $ | 14,038 |  |   | $ | 7,966 |  |   | $ | (157 | ) |   |   |   |   |
| Less nonrecurring:                                                                                                                                    |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  | Securities gains, net |   | — |  |   | 974 |  |   | 2,772 |  |   |   |   |   |
|                                                                                                                                                  | Branch closure and restructuring expense | — |  |   | (1,756 | ) |   | (675 | ) |   |   |   |   |
|                                                                                                                                                  | CEO severance expense | — |  |   | (2,060 | ) |   | — |  |   |   |   |   |
|                                                                                                                                                  | Bargain purchase gain | 316 |  |   | — |  |   | — |  |   |   |   |   |
|                                                                                                                                                  | US Treasury sale expenses | — |  |   | (409 | ) |   | — |  |   |   |   |   |
|                                                                                                                                                  | Rebranding expense | — |  |   | — |  |   | (616 | ) |   |   |   |   |
|                                                                                                                                                  | Mortgage and litigation recovery | — |  |   | 68 |  |   | 487 |  |   |   |   |   |
|                                                                                                                                                  | Merger-related expense | (1,986 | ) |   | — |  |   | (3,498 | ) |   |   |   |   |
|                                                                                                                                                  | RSA acceleration | (1,142 | ) |   | — |  |   | — |  |   |   |   |   |
| Total nonrecurring items                                                                                                                              | (2,812 | ) |   | (3,183 | ) |   | (1,530 | ) |   |   |   |   |
| Core Net Income Before Tax (Non-GAAP) 4                                                                                                               | $ | 16,850 |  |   | $ | 11,149 |  |   | $ | 1,373 |  |   |   |   |   |
|                                                                                                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income Tax Expense (Benefit)                                                                                                                          | 7,124 |  |   | (142,492 | ) |   | 1,326 |  |   |   |   |   |
| Less nonrecurring tax items and adjustments:                                                                                                          |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                  | Tax effect of nonrecurring items 1 | (651 | ) |   | (1,051 | ) |   | (505 | ) |   |   |   |   |
|                                                                                                                                                  | DTA valuation allowance release and revaluation | 1,607 |  |   | (142,492 | ) |   | 1,326 |  |   |   |   |   |
|                                                                                                                                                  | Income tax at effective rate 2 | — |  |   | (2,629 | ) |   | 52 |  |   |   |   |   |
| Core Income Tax Expense (Non-GAAP) 4                                                                                                                  | $ | 6,168 |  |   | $ | 3,680 |  |   | $ | 453 |  |   |   |   |   |
| Core Net Income (Non-GAAP) 4                                                                                                                          | $ | 10,682 |  |   | $ | 7,469 |  |   | $ | 920 |  |   |   |   |   |
| 1 Tax effected at an income tax rate of 33% in 2013 & 2014 and 36% in 2015. Nonrecurring items in 2015 include $1.0 mm of nondeductible expenses. |
| 2 Projected income tax expense at 33%. In 2013 and 2014 all tax items resulted in changes to the DTA valuation allowance.                             |
| 3 Pre-credit and nonrecurring ("PCNR") expense excludes credit related and nonrecurring expenses.                                                     |
| 4 Core measures exclude nonrecurring items.                                                                                                           |