PARENT COMPANY FINANCIAL STATEMENTS

Presented below are condensed financial statements for the parent company, Meta, at the dates and for the years presented below.

CONDENSED STATEMENTS OF FINANCIAL CONDITION



September 30,	2018			2017
	(Dollars in Thousands)
ASSETS
Cash and cash equivalents	$	28,209		$	14,569
Investment securities held to maturity	411			310
Investment in subsidiaries	823,215			521,021
Other assets	124			96
Total assets	$	851,959		$	535,996

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
Long term debt	$	87,152		$	83,657
Other liabilities	17,081			17,843
Total liabilities	$	104,233		$	101,500

STOCKHOLDERS' EQUITY
Common stock	$	393		$	288
Additional paid-in capital	565,811			258,144
Retained earnings	213,048			167,164
Accumulated other comprehensive income (loss)	(33,111		)	9,166
Treasury stock, at cost	(1,989		)	(266		)
Total equity attributable to parent	744,152			434,496
Non-controlling interest	3,574			—
Total stockholders' equity	747,726			434,496
Total liabilities and stockholders' equity	$	851,959		$	535,996

CONDENSED STATEMENTS OF OPERATIONS



Years Ended September 30,	2018			2017			2016
	(Dollars in Thousands)
Interest expense	$	5,061		$	4,959		$	1,022
Other expense	663			440			382
Total expense	5,724			5,399			1,404

Loss before income taxes and equity in undistributed net income of subsidiaries	(5,724		)	(5,399		)	(1,404		)

Income tax (benefit)	(1,504		)	(1,935		)	(519		)

Loss before equity in undistributed net income of subsidiaries	(4,220		)	(3,464		)	(885		)

Equity in undistributed net income of subsidiaries	55,840			48,381			34,105

Net income attributable to parent	$	51,620		$	44,917		$	33,220

CONDENSED STATEMENTS OF CASH FLOWS



For the Years Ended September 30,	2018			2017			2016
	(Dollars in Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income attributable to parent	$	51,620		$	44,917		$	33,220
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net	143			136			(22		)
Equity in undistributed net income of subsidiaries	(55,840		)	(48,381		)	(34,105		)
Stock compensation	11,123			10,393			426
Other assets	232			7			(5		)
Accrued expenses and other liabilities	(860		)	16,636			541
Cash dividend received	45,315			—			—
Net cash provided by operating activities	51,733			23,708			55

CASH FLOWS FROM INVESTING ACTIVITES
Held to Maturity:
Proceeds from maturities and principal repayments	8			—			—
Capital contributions to subsidiaries	(20,322		)	(82,820		)	(81,000		)
Net cash (used in) investing activities	(20,314		)	(82,820		)	(81,000		)

CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid	(5,736		)	(4,839		)	(4,389		)
Payment:
Short term debt	(11,642		)	—			—
Long term debt	(258		)	—			75,000
Debt issuance costs	—			—			(1,767		)
Purchase of shares by ESOP	1,606			1,174			—
Proceeds/(payment):
Contingent consideration - equity	—			24,142			—
Exercise of stock options & issuance of common stock	148			650			13,537
Issuance of restricted stock	4			12			—
Issuance of commons shares due to acquisitions	295,767			37,296			—
Cash acquired due to acquisitions	697			—			—
Net increase in investment in subsidiaries	(295,767		)	—			—
Shares repurchased for tax withholdings on stock compensation	(2,598		)	(470		)	—
Net cash provided by (used in) financing activities	(17,779		)	57,965			82,381

Net change in cash and cash equivalents	$	13,640		$	(1,147	)	$	1,436

CASH AND CASH EQUIVALENTS
Beginning of year	14,569			15,716			14,280
End of year	$	28,209		$	14,569		$	15,716

The extent to which the Company may pay cash dividends to stockholders will depend on the cash currently available at the Company, as well as the ability of the Bank to pay dividends to the Company. For further discussion, see Note 13 herein.