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Acquisitions At
April 7, 2014 Purchase PACW/CSE Accounting Pro Forma Combined Adjustments
PACW (In thousands) Assets: Cash and cash equivalents $ 850,143 $ (527,118) $ 323,025 Investment securities 1,128,135 3,463 1,131,598 Loans and leases, net
of unearned income 11,090,866 (48,146) 11,042,720 OREO 56,640 442 57,082
Goodwill and intangible assets 394,829 1,342,999 1,737,828 Deferred tax
asset, net 246,797 54,128 300,925 Other assets 1,090,508 (6,753) 1,083,755
Total assets $ 14,857,918 $ 819,015 $ 15,676,933 Liabilities and
Shareholders' Equity: Deposits 11,508,138 17183 11525321 Borrowings 6,490 -
6,490 Tangible Equity 1,637,751 Subordinated debentures 544,894 (111,235)
433,659 Tangible Capital Ratio 11.75% Discontinued operations 148,697 -
148,697 Tangible Book Other liabilities 197,943 (10,756) 187,187 Value Per
Share $ 16.07 Total liabilities 12,406,162 (104,808) 12,301,354 Total
shareholders' equity 2,451,756 923,823 3,375,579 Total liabilities and shareholders
equity $ 14,857,918 $ 819,015 $ 15,676,933 Purchase Accounting Estimated
Accretion/ Description Adjustment Amortization Period (Dr. (Cr.)) Loans and
non-operating leases $ (215,019) 60 months using a level yield method
Operating leases (in other assets) $ (10,352) 48 months using a level yield
method Investment in trust preferred securities $ (3,352) Straight line over
280 months Core deposit intangible $ 6,720 Straight line over 84 months Time
deposit premium $ (17,183) 60 months using an accelerated method Subordinated
debentures $ 111,235 Straight line over 280 months Investor and Analyst
Meetings September, 2014 p. 39
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