8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 14, 2008

PACIFIC CONTINENTAL CORPORATION

(Exact name of registrant as specified in its charter)

Oregon

(State or other jurisdiction of incorporation)

	0001084717		93-1269184
(Commission File Number)		IRS Employer Identification No.

111 West 7th Avenue

Eugene, Oregon 97401

(Address of principal executive offices)  (zip code)

Registrant's telephone number, including area code: (541) 686-8685

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition

On October 14, 2008, Pacific Continental Corporation (the “Company”) issued a press release announcing earnings for the third quarter and nine months ended September 30, 2008.  A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference in its entirety.

The information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filings or document

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(a)           Not applicable

(b)           Not applicable

(c)           Exhibits

99.1 Press Release dated October 14, 2008, announcing earnings for the third quarter and nine months ended September 30, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:                      October 14, 2008

PACIFIC CONTINENTAL CORPORATION

By:  /s/ Michael A. Reynolds

       Michael A. Reynolds

       Executive Vice President

       Chief Financial Officer

EX-99.1

NEWS RELEASE

FOR MORE INFORMATION CONTACT:	Hal Brown	Michael A. Reynolds
	CEO	Executive Vice President/CFO
	541 686-8685	541 686-8685
	http://www.therightbank.com
	E-mail:  banking@therightbank.com

FOR IMMEDIATE RELEASE

PACIFIC CONTINENTAL REPORTS THIRD QUARTER 2008 RESULTS

Continued Profitability, Improved Credit Quality, Strong Deposit and Loan Growth Highlight the Quarter

EUGENE, Ore., October 14, 2008 - ---Pacific Continental Corporation (NASDAQ: PCBK), the bank holding company for Pacific Continental Bank, today reported financial results for the third quarter and nine months ended

September 30, 2008.

Net income for the third quarter and year-to-date 2008 were $3.0 million and $9.1 million, respectively. Operating revenue, which consists of net interest income plus noninterest income, was $13.4 million during the third quarter 2008, up 11.7% from the $12.0 million reported during the third quarter 2007. Improvement in operating revenue resulted from increases in noninterest income, plus loan and core deposit growth while maintaining a strong net interest margin. Contributing to the continued strong profitability was a better than expected net interest margin, declining nonperforming assets, improved credit quality statistics, and excellent growth in both loans and core deposits. These results were achieved while providing provisions to the allowance for loan losses to support the loan growth while prudently strengthening unallocated reserves. The Company’s capital condition improved during the quarter strengthening its “well capitalized” position.

“The results achieved by Pacific Continental during a time of serious and unprecedented financial industry disruption are in sharp contrast to many of our peers,” said Hal Brown, chief executive officer. “Our disciplined credit practices, improved credit quality and capital position provides a strong and safe financial institution for our many depositors and will allow Pacific Continental Bank to continue to meet the lending needs of our clients and the markets we serve,” added Brown.

During the third quarter 2008, core deposits averaged $626.5 million, an increase of $32.3 million from the average core deposits reported for the second quarter 2008. At September 30, 2008, period end loans, including loans held for sale, totaled $924.5 million, an increase of $120.6 million over outstanding loans of $803.9 million at September 30, 2007, and up $27.1 million during the third quarter 2008.

The third quarter 2008 net interest margin was 5.08%, and while still strong, compressed sixteen basis points when compared to the second quarter 2008 margin of 5.24%. The year-to-date September 30, 2008 net interest margin of 5.18% was down six basis points from the 5.24% net interest margin reported for the same period last year. The margin compression experienced in the third quarter and year-to-date 2008 was primarily due to the continued liquidity squeeze that keeps wholesale borrowing costs relatively high, the expiration and lower renewal rates of active floors on a portion of the bank’s variable rate loan portfolio, and a highly competitive market for core deposits creating somewhat higher deposit rates.

Credit quality of the bank’s loan portfolio improved during the third quarter 2008. Nonperforming assets at September 30, 2008, were $6.3 million, a decrease of $1.3 million from June 30, 2008, levels, and represent 0.60% of period-end assets compared to 0.74% at June 30, 2008. The decline in nonperforming assets was primarily attributable to the loan pay offs and the disposition of residential construction properties that were previously classified as nonaccrual loans or other real estate owned. Nonperforming assets at September 30, 2008, consist of $3.1 million of loans on nonaccrual status, net of government guarantees, and $3.2 million in other real estate owned. The $3.1 million of nonaccrual loans at September 30, 2008, consist of nine consumer residential construction loans totaling approximately $1.3 million, one commercial real estate loan for $1.7 million, and one business loan for $100 thousand. The $3.2 million in other real estate owned consists of twenty consumer construction residential properties. Losses on these properties and current and possible future nonperforming loans in the residential consumer construction loan portfolio are not expected to be significant due to a cash-secured 20% principal guarantee supporting the majority of these loans.

For the third quarter 2008, the bank provided $1.05 million to the allowance for loan losses compared to $125 thousand for third quarter 2007. Year-to-date provisions to the allowance for loan loss totaled $2.55 million and $450 thousand for the years 2008 and 2007, respectively. The increase in the provision for loan losses during the third quarter and the first nine months of 2008 were primarily to support the nearly $100 million in loan growth year-to-date and, in light of the current economic conditions, to provide prudent additions to the bank’s unallocated reserves. At September 30, 2008, unallocated reserves were 7.7% and at the high end of the approved range. At September 30, 2008, the ratio of the allowance for loan losses to total loans was 1.15%, compared to 1.05% and 1.09% at December 31, 2007, and September 30, 2007, respectively. For the third quarter and first nine months of 2008, the bank had net charge offs of $274 and $552 thousand, respectively. Based on the analysis of classified loan migration trends and independent third-party reviews of the loan portfolio, management believes that its calculation of the adequacy of the allowance for loan losses has accurately captured the inherent risk in the bank’s portfolio.

“In line with our projections at the end of last quarter, our total nonperforming assets declined during third quarter 2008. We are disposing of our foreclosed properties in an orderly and efficient fashion with no significant impact on the Bank’s earnings,” stated Casey Hogan, executive vice president and chief credit officer. “Nevertheless, and despite minimal losses and the reduction in nonperforming assets during the quarter, we determined it was prudent to continue to add to the allowance to maintain an appropriate unallocated reserve level. The uncertainty and apparent weakening in the regional and national economies combined with our conservative and cautious risk rating discipline, underscore the need for additional reserves.” added Hogan.

Improvement in operating revenue resulted from increases in noninterest income and the loan growth while maintaining a strong net interest margin. Growth in noninterest expense abated during the quarter and on a linked-quarter basis was $7.5 million for third quarter 2008, the same as reported for second quarter 2008.

Net income for the third quarter 2008 was $3.0 million, a decline from 2007 third quarter net income of $3.4 million. Earnings per diluted share were $0.25 for the third quarter 2008, the same as reported for second quarter 2008, but down from the $0.29 reported for the prior year third quarter. Return on average assets, return on average equity, and return on average tangible equity for the third quarter 2008 were 1.16%, 10.68% and 13.42%, respectively, compared to 1.51%, 13.03% and 16.77%, respectively, for the comparable period in 2007.

Net income for the first nine months of 2008 was $9.1 million, a decline from the $9.6 million reported for the comparable period of 2007. Earnings per diluted share were $0.76 for the first nine months of 2008, compared to $0.80 per diluted share for the first nine months of 2007. Return on average assets for year-to-date September 30, 2008 and 2007 were 1.21% and 1.44%, respectively. Year-to-date September 30, 2008, return on average book equity and return on average tangible equity were 10.97% and 13.86%, respectively, compared to 12.66% and 16.46%, respectively, for the comparable period of 2007.

Pacific Continental Bank manages its capital to maintain a “well-capitalized” designation from the FDIC (the FDIC’s highest designation). At September 30, 2008, the Bank’s risk-weighted capital ratio was 10.81% at September 30, 2008 compared to 10.69% and 10.96% at June 30, 2008 and December 31, 2007.

Third Quarter 2008 Highlights:

·   Through disciplined credit practices reported improved credit quality statistics with nonperforming assets to total assets of 0.60%.

·   Strong core deposit growth with average core deposits up $32.3 million on a linked-quarter basis.

·   Excellent loan growth of $26.6 million for the quarter and $101.8 million year-to-date.

·   Continued payment of the $0.10 per share quarterly dividend that when annualized represents a 14.3% increase over 2007 cash dividends.

·   Achieved strong net interest margin of 5.08% for the third quarter 2008 and 5.18% for the first nine months of 2008.

Conference Call and Audio Webcast:

Pacific Continental Corporation will conduct a live conference call and audio Webcast for interested parties relating to its results for the third quarter and nine months ended September 30, 2008, on Wednesday, October 15th at 2:00 p.m. Eastern Time / 11:00 a.m. Pacific Time. To listen to the conference call, interested parties should call (866) 292-1418 and provide the pass code: “Pacific Continental third quarter earnings.” The Webcast will be available via the Internet at Pacific Continental’s Website (http://www.therightbank.com/). To listen to the live audio Webcast, click on the Webcast presentation link on the company’s home page a few minutes before the presentation is scheduled to begin.

An audio Webcast replay will be available within twenty-four hours following the live Webcast and archived for one year on the Pacific Continental Web site. Any questions regarding the conference call presentation or Webcast should be directed to Michael Reynolds at (541) 686-8685.

About Pacific Continental Bank

Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through fourteen banking offices in Oregon and Washington. Pacific Continental has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region's largest metropolitan areas including Seattle, Portland, and Eugene. Pacific Continental targets the banking needs of community-based businesses, professional service providers, and nonprofit organizations; and provides private banking services for business owners and executives. Pacific Continental has rewarded its shareholders with consecutive cash dividends for twenty-four years.

Since its founding in 1972 Pacific Continental Bank has been honored with numerous awards from business and community organizations: in June 2008 – for the seventh consecutive year - the Seattle Times named Pacific Continental to its  “Northwest 100” ranking of top publicly rated companies in the Pacific Northwest; in February 2008, Oregon Business magazine recognized Pacific Continental as the top ranked financial institution to work for in the state, marking the eighth consecutive year Pacific Continental has been recognized as one of the Top 100 Companies to Work for In Oregon; and in 2007, The Portland Business Journal recognized Pacific Continental as One of the Ten Most Admired Companies in Oregon.

Pacific Continental Corporation's shares are listed on the NASDAQ Global Select Market under the symbol "PCBK”; additionally, PCBK is listed in the Russell 2000 Index. Supplementary information about Pacific Continental can be found online at www.therightbank.com.

Pacific Continental Safe Harbor

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"). Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected, including but not limited to the following: the concentration of loans of the company's banking subsidiary, particularly with respect to commercial and residential real estate lending; a continued decline in the housing and real estate market, changes in the regulatory environment and increases in associated costs, particularly ongoing compliance expenses and resource allocation needs in response to the Sarbanes-Oxley Act and related rules and regulations; vendor quality and efficiency; employee recruitment and retention, specifically in the Bank's Portland and Seattle markets; the company's ability to control risks associated with rapidly changing technology both from an internal perspective as well as for external providers; increased competition among financial institutions; fluctuating interest rate environments; a tightening of available credit, and similar matters. Readers are cautioned not to place undue reliance on the forward-looking statements. Pacific Continental Corporation undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this release. Readers should carefully review any risk factors described in Pacific Continental’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents, including any Current Reports on Form 8-K furnished to or filed from time to time with the Securities Exchange Commission. This statement is included for the express purpose of invoking PSLRA's safe harbor provisions.

###

PACIFIC CONTINENTAL CORPORATION

CONSOLIDATED INCOME STATEMENTS

Amounts in $ 000's, Except for Per Share Data

(Unaudited)

	Three months ended						Nine months ended
	September 30,						September 30,
	2008			2007			2008			2007
Interest and dividend income
Loans	$	16,019		$	16,931		$	47,181		$	50,453
Securities		647			472			2,070			1,310
Dividends on Federal Home Loan Bank stock		9			5			132			14
Federal funds sold & Interest-bearing deposits with banks		5			11			18			40
		16,680			17,419			49,401			51,817
Interest expense
Deposits		2,696			4,946			7,844			14,350
Federal Home Loan Bank & Federal Reserve borrowings		1,463			1,160			4,552			4,549
Junior subordinated debentures		127			128			373			380
Federal funds purchased		91			207			555			304
		4,377			6,441			13,324			19,583
Net interest income		12,303			10,978			36,077			32,234
Provision for loan losses		1,050			125			2,550			450
Net interest income after provision for loan losses		11,253			10,853			33,527			31,784
Noninterest income
Service charges on deposit accounts		421			342			1,217			1,032
Other fee income, principally bankcard		470			426			1,378			1,206
Loan servicing fees		20			25			68			74
Mortgage banking income		72			90			291			279
Other noninterest income		64			114			273			303
		1,047			997			3,227			2,894
Noninterest expense
Salaries and employee benefits		4,670			3,938			13,705			11,773
Premises and equipment		995			799			2,967			2,331
Bankcard processing		143			141			421			397
Business development		315			308			966			1,130
Other noninterest expense		1,374			1,213			4,068			3,639
		7,497			6,399			22,127			19,270
Income before provision for income taxes		4,803			5,451			14,627			15,408
Provision for income taxes		1,783			2,030			5,521			5,781
Net income	$	3,020		$	3,421		$	9,106		$	9,627
Earnings per share
Basic	$	0.25		$	0.29		$	0.76		$	0.82
Diluted	$	0.25		$	0.29		$	0.76		$	0.80
Weighted average shares outstanding
Basic		11,978			11,848			11,960			11,808
Common stock equivalents
attributable to stock-based awards		55			133			60			153
Diluted		12,033			11,981			12,020			11,961
PERFORMANCE RATIOS
Return on average assets		1.16	%		1.51	%		1.21	%		1.44	%
Return on average equity (book)		10.68	%		13.03	%		10.97	%		12.66	%
Return on average equity (tangible) (1)		13.42	%		16.77	%		13.86	%		16.46	%
Net interest margin		5.08	%		5.25	%		5.18	%		5.24	%
Efficiency ratio (2)		56.16	%		53.44	%		56.30	%		54.86	%

PACIFIC CONTINENTAL CORPORATION

CONSOLIDATED BALANCE SHEETS

Amounts in $  000’s

(Unaudited)

	September 30,			December 31,			September 30,
	2008			2007			2007
ASSETS
Cash and due from banks	$	21,510		$	23,809		$	20,357
Federal funds sold		290			410			410
Interest-bearing deposits with banks		-			1,857			130
Total cash and cash equivalents		21,800			26,076			20,897
Securities available-for-sale		49,848			53,994			50,345
Loans held for sale		447			-			-
Loans, less allowance for loan losses		913,430			813,647			795,184
Interest receivable		4,096			3,652			4,277
Federal Home Loan Bank stock		9,198			3,795			3,480
Property, net of accumulated depreciation		21,000			20,876			19,934
Goodwill and other intangible assets		22,960			23,127			23,182
Other assets		9,105			4,104			3,590
Total assets	$	1,051,884		$	949,271		$	920,889
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
Noninterest-bearing demand	$	178,632		$	175,941		$	175,932
Savings and interest-bearing checking		413,688			401,714			405,578
Time $100,000 and over		61,850			31,856			47,025
Other time		57,470			34,913			54,679
Total deposits		711,640			644,424			683,214
Federal funds purchased		38,460			5,360			13,500
Federal Home Loan Bank and Federal Reserve borrowings		176,000			179,500			107,500
Junior subordinated debentures		8,248			8,248			8,248
Accrued interest and other payables		4,338			4,230			4,010
Total liabilities		938,686			841,762			816,472
Stockholders' equity
Common stock, 25,000,000 shares authorized		62,037			77,909			60,304
Retained earnings		52,003			29,622			44,251
Accumulated other comprehensive loss		(842	)		(22	)		(138	)
		113,198			107,509			104,417
Total liabilities and stockholders’ equity	$	1,051,884		$	949,271		$	920,889
OTHER FINANCIAL DATA
Shares outstanding at end of period		11,994,363			11,934,866			11,865,541
Stockholder's equity (tangible) (1)	$	90,238		$	84,382		$	81,235
Book value	$	9.44		$	9.01		$	8.80
Tangible book value	$	7.52		$	7.07		$	6.85

PACIFIC CONTINENTAL CORPORATION

SELECTED OTHER FINANCIAL INFORMATION AND RATIOS

Amounts in $  000’s

(Unaudited)

	Quarters Ended									Nine Months Ended
	September 30,			December 31,			September 30,			September 30,			September 30,
	2008			2007			2007			2008			2007
LOANS BY TYPE (net of fees)
Real estate secured loans:
Multifamily residential	$	53,812		$	39,925		$	38,066
Residential 1-4 family		70,702			51,959			47,123
Residential 1-4 family construction		86,382			96,918			98,804
Other construction		155,986			126,809			120,287
Commercial real estate		329,688			306,161			302,892
Other		3,801			3,999			4,177
Total real estate loans		700,371			625,771			611,349
Commercial loans		209,710			186,619			185,253
Consumer loans		8,001			8,225			7,153
Other loans		6,020			1,707			163
Total Loans	$	924,102		$	822,322		$	803,918
ALLOWANCE FOR LOAN LOSSES
Balance at beginning of period	$	9,896		$	8,734		$	8,595		$	8,675		$	8,284
Provision for loan losses		1,050			275			125			2,550			450
Loan charge offs		(310	)		(335	)		(18	)		(723	)		(61	)
Loan recoveries		36			1			32			171			61
Net (charge offs) recoveries		(274	)		(334	)		14			(552	)		-
Balance at end of period	$	10,672		$	8,675		$	8,734		$	10,673		$	8,734
NONPERFORMING ASSETS
Non-accrual loans	$	3,316		$	4,122		$	1,325
90-day past due loans		-			-			229
Gross nonperforming loans		3,316			4,122			1,554
Government guarantees on non-accrual and 90-day
past due loans		(239	)		(451	)		-
Nonperforming loans, net of government guarantees		3,077			3,671			1,554
Other real estate owned		3,186			423			-
Nonperforming assets, net of government guarantees	$	6,263		$	4,094		$	1,554
LOAN QUALITY RATIOS
Allowance for loan losses as a percentage of total loans
outstanding, net of loans held for sale		1.15	%		1.05	%		1.09	%
Allowance for loan losses as a percentage of total
nonperforming loans, net of government guarantees		346.83	%		236.31	%		562.03	%
Net loan charge offs (recoveries) as a percentage of
average loans, annualized		0.12	%		0.16	%		-0.01	%		0.08	%		0.00	%
Nonperforming loans as a percentage of total loans		0.36	%		0.50	%		0.16	%
Nonperforming assets as a percentage of total assets		0.60	%		0.43	%		0.17	%

PACIFIC CONTINENTAL CORPORATION

SELECTED OTHER FINANCIAL INFORMATION AND RATIOS (Continued)

Amounts in $  000’s

(Unaudited)

	Quarters Ended									Nine Months Ended
	September 30,			December 31,			September 30,			September 30,			September 30,
	2008			2007			2007			2008			2007
BALANCE SHEET AVERAGES
Loans	$	913,356		$	812,870		$	793,551		$	876,491		$	787,325
Allowance for loan losses		(10,115	)		(8,871	)		(8,649	)		(9,456	)		(8,551	)
Loans, net of allowance		903,241			803,999			784,902			867,035			778,774
Securities and short-term deposits		59,862			58,812			45,053			62,932			43,446
Earning assets		963,103			862,811			829,955			929,967			822,220
Non-interest-earning assets		74,112			70,563			69,942			72,037			71,790
Assets	$	1,037,215		$	933,374		$	899,897		$	1,002,004		$	894,010
Interest-bearing core deposits (3)	$	455,363		$	437,808		$	435,294		$	441,931		$	416,242
Non-interest-bearing core deposits (3)		171,103			173,706			171,624			169,421			167,461
Core deposits (3)		626,466			611,514			606,918			611,352			583,703
Non-core interest-bearing deposits		71,799			49,588			67,525			51,118			68,747
Deposits		698,265			661,102			674,443			662,470			652,450
Borrowings		222,003			160,575			116,788			224,504			135,704
Non-interest-bearing liabilities		4,416			4,326			4,502			4,200			4,210
Liabilities		924,684			826,003			795,733			891,174			792,364
Stockholders' equity (book)		112,531			107,371			104,164			110,830			101,646
Liabilities and equity	$	1,037,215		$	933,374		$	899,897		$	1,002,004		$	894,010
Stockholders' equity (tangible) (1)	$	89,540		$	84,213		$	80,951		$	87,784		$	78,197
SELECTED MARKET DATA
Eugene market loans, net of fees	$	224,327		$	217,962		$	216,602
Portland market loans, net of fees		423,194			389,053			390,186
Seattle market loans, net of fees		276,581			215,307			197,130
Total loans, net of fees	$	924,102		$	822,322		$	803,918
Eugene market core deposits (3)	$	413,240		$	405,351		$	398,190
Portland market core deposits (3)		122,310			109,698			125,458
Seattle market core deposits (3)		103,889			100,843			95,817
Total core deposits (3)		639,439			615,892			619,465
Other deposits		72,201			28,532			63,750
Total	$	711,640		$	644,424		$	683,215
Eugene market core deposits, average (3)	$	400,461		$	393,030		$	387,334		$	402,132		$	382,843
Portland market core deposits, average (3)		117,472			121,687			129,648			113,364			119,261
Seattle market core deposits, average  (3)		108,533			96,797			89,936			95,856			81,599
Total core deposits, average  (3)		626,466			611,514			606,918			611,352			583,703
Other deposits, average		71,799			49,588			67,525			51,118			68,747
Total	$	698,265		$	661,102		$	674,443		$	662,470		$	652,450
NET INTEREST MARGIN RECONCILIATION
Yield on average loans		7.06	%		8.23	%		8.56	%		7.27	%		8.66	%
Yield on average securities		4.39	%		4.59	%		4.30	%		4.71	%		4.20	%
Yield on average earning assets		6.89	%		7.98	%		8.33	%		7.10	%		8.43	%
Rate on average interest-bearing core deposits		1.85	%		3.24	%		3.69	%		1.94	%		3.74	%
Rate on average interest-bearing non-core deposits		3.21	%		5.21	%		5.29	%		3.69	%		5.24	%
Rate on average interest-bearing deposits		2.03	%		4.03	%		6.19	%		3.89	%		1.42	%
Rate on average borrowings		3.01	%		4.78	%		5.08	%		3.26	%		5.16	%
Cost of interest-bearing funds		2.32	%		3.77	%		4.12	%		2.48	%		4.22	%
Interest rate spread		4.57	%		4.21	%		4.21	%		4.62	%		4.21	%
Net interest margin		5.08	%		5.15	%		5.25	%		5.18	%		5.24	%
(1) Tangible equity excludes goodwill and core deposit intangible related to acquisitions.
(2) Efficiency ratio is noninterest expense divided by operating revenues. Operating revenues are net interest income plus noninterest income.
(3) Core deposits include all demand, savings, & interest checking accounts, plus all local time deposits including local time deposits in excess of $100,000.