Following is information about the Company's wholly-owned trusts ("Trusts") as of March 31, 2017:



(dollars in thousands)		Issued		Carrying			Effective
Trust Name	Issue Date	Amount		Value (1)		Rate (2)	Rate (3)	Maturity Date
AT FAIR VALUE:
Umpqua Statutory Trust II	October 2002	$	20,619	$	15,842	Floating rate, LIBOR plus 3.35%, adjusted quarterly	5.71%	October 2032
Umpqua Statutory Trust III	October 2002	30,928		23,920		Floating rate, LIBOR plus 3.45%, adjusted quarterly	5.80%	November 2032
Umpqua Statutory Trust IV	December 2003	10,310		7,545		Floating rate, LIBOR plus 2.85%, adjusted quarterly	5.29%	January 2034
Umpqua Statutory Trust V	December 2003	10,310		7,503		Floating rate, LIBOR plus 2.85%, adjusted quarterly	5.49%	March 2034
Umpqua Master Trust I	August 2007	41,238		25,257		Floating rate, LIBOR plus 1.35%, adjusted quarterly	4.05%	September 2037
Umpqua Master Trust IB	September 2007	20,619		14,444		Floating rate, LIBOR plus 2.75%, adjusted quarterly	5.54%	December 2037
Sterling Capital Trust III	April 2003	14,433		11,559		Floating rate, LIBOR plus 3.25%, adjusted quarterly	5.35%	April 2033
Sterling Capital Trust IV	May 2003	10,310		8,171		Floating rate, LIBOR plus 3.15%, adjusted quarterly	5.29%	May 2033
Sterling Capital Statutory Trust V	May 2003	20,619		16,371		Floating rate, LIBOR plus 3.25%, adjusted quarterly	5.55%	June 2033
Sterling Capital Trust VI	June 2003	10,310		8,141		Floating rate, LIBOR plus 3.20%, adjusted quarterly	5.49%	September 2033
Sterling Capital Trust VII	June 2006	56,702		35,912		Floating rate, LIBOR plus 1.53%, adjusted quarterly	4.19%	June 2036
Sterling Capital Trust VIII	September 2006	51,547		32,908		Floating rate, LIBOR plus 1.63%, adjusted quarterly	4.33%	December 2036
Sterling Capital Trust IX	July 2007	46,392		28,612		Floating rate, LIBOR plus 1.40%, adjusted quarterly	3.89%	October 2037
Lynnwood Financial Statutory Trust I	March 2003	9,279		7,300		Floating rate, LIBOR plus 3.15%, adjusted quarterly	5.47%	March 2033
Lynnwood Financial Statutory Trust II	June 2005	10,310		6,841		Floating rate, LIBOR plus 1.80%, adjusted quarterly	4.42%	June 2035
Klamath First Capital Trust I	July 2001	15,464		13,279		Floating rate, LIBOR plus 3.75%, adjusted semiannually	5.95%	July 2031
		$	379,390	$	263,605
AT AMORTIZED COST:
HB Capital Trust I	March 2000	$	5,310	$	6,036	10.875%	8.64%	March 2030
Humboldt Bancorp Statutory Trust I	February 2001	5,155		5,693		10.200%	8.55%	February 2031
Humboldt Bancorp Statutory Trust II	December 2001	10,310		11,096		Floating rate, LIBOR plus 3.60%, adjusted quarterly	3.93%	December 2031
Humboldt Bancorp Statutory Trust III	September 2003	27,836		29,921		Floating rate, LIBOR plus 2.95%, adjusted quarterly	3.38%	September 2033
CIB Capital Trust	November 2002	10,310		10,989		Floating rate, LIBOR plus 3.45%, adjusted quarterly	3.81%	November 2032
Western Sierra Statutory Trust I	July 2001	6,186		6,186		Floating rate, LIBOR plus 3.58%, adjusted quarterly	4.62%	July 2031
Western Sierra Statutory Trust II	December 2001	10,310		10,310		Floating rate, LIBOR plus 3.60%, adjusted quarterly	4.75%	December 2031
Western Sierra Statutory Trust III	September 2003	10,310		10,310		Floating rate, LIBOR plus 2.90%, adjusted quarterly	3.92%	September 2033
Western Sierra Statutory Trust IV	September 2003	10,310		10,310		Floating rate, LIBOR plus 2.90%, adjusted quarterly	3.92%	September 2033
		96,037		100,851
	Total	$	475,427	$	364,456


(1)	Includes acquisition accounting adjustments, net of accumulated amortization, for junior subordinated debentures assumed in connection with previous mergers as well as fair value adjustments related to trusts recorded at fair value.


(2)	Contractual interest rate of junior subordinated debentures.


(3)	Effective interest rate based upon the carrying value as of March 31, 2017.