Exhibit 99.2
| Selected Financial Data (in thousands except number of employees) | 9/30/2021 | 6/30/2021 | 9/30/2020 | Commentary |
| Net interest margin | 2.85% | 3.06% | 3.14% | |
| Adjusted net interest margin (excluding PPP loan balances and PPP interest income/fees) | 2.76% | 2.96% | 3.25% | |
| PPP average loan balances | $ 472,605 | $ 859,949 | $1,051,643 | |
| PPP interest income/fees | $ 6,363 | $ 10,186 | $ 6,624 | |
| Adjusted net interest margin (excluding Qtr/Qtr increase in excess funds) | 3.05% | 3.19% | 3.33% | Excess funds were $600 million in April 2020, prior to funding PPP loans. Excess funds were $4.4 billion at 9.30.2021 |
| Qtr/Qtr increase in excess funds (due from banks and fed funds sold) | $ 971,455 | $ 524,580 | $ 609,624 | |
| Scheduled CD maturities for subsequent quarter | $ 208,862 | $ 163,476 | $ 127,361 | As of 9.30.21, expect CDs to reprice at .40% or below during Q4; repricing will result in a $825,000 annual expense reduction |
| Average rate scheduled CD maturities for subsequent quarter | 0.80% | 1.11% | 1.33% | |
| Cost of total deposits, Qtr-End | 0.20% | 0.24% | 0.34% | |
| Cost of interest-bearing DDAs, Qtr-End | 0.24% | 0.24% | 0.32% | |
| Cost of interest-bearing deposits, Qtr-End | 0.32% | 0.34% | 0.47% | |
| Noninterest bearing DDA balances, Qtr-End | $ 4,366,654 | $ 3,296,429 | $2,762,814 | |
| PPP outstanding loan balance (Round 1 & Round 2), Qtr-End | $ 387,725 | $ 595,017 | $1,053,034 | |
| Round 1 (R1) PPP loan balance, Qtr-End | $ 46,802 | $ 194,380 | $1,053,000 | |
| R1 PPP loan fees earned QTD | $ 1,777 | $ 6,888 | $ 3,981 | |
| R1 PPP loan fees earned YTD | $ 17,389 | $ 15,612 | $ 6,610 | |
| R1 PPP unaccreted loan fees | $ 444 | $ 2,221 | $25,343 | |
| R1 PPP loan forgiveness QTD | $ 137,555 | $ 400,637 | $143 | |
| Round 2 (R2) PPP loan balance, Qtr-End | $ 340,923 | $ 410,978 | NA | |
| R2 PPP loan fees earned QTD | $ 3,395 | $ 1,154 | NA | |
| R2 PPP loan fees earned YTD | $ 4,879 | $ 1,484 | NA | |
| R2 PPP unaccreted loan fees | $ 12,400 | $ 14,600 | NA | |
| R2 PPP loan forgiveness QTD | $ 70,284 | $ 6,343 | NA | |
| Credit card spend QTD | $ 215,755 | $ 197,420 | $ 151,381 | |
| Credit card net income QTD | $ 2,043 | $ 1,911 | $ 1,840 | |
| Merchant services fees QTD | $ 375 | $ 289 | $163 | |
| Mortgage banking income QTD | $ 1,423 | $ 2,699 | $ 2,519 | |
| Reserve for unfunded commitments | $ 3,000 | $ 3,300 | $ 1,000 | |
| FDIC insurance QTD | $ 1,400 | $ 1,200 | $850 | |
| Write down tax credit investment QTD | $ 6,379 | $ 432 | $480 | |
| Salaries & employee benefits QTD | $ 17,995 | $ 16,887 | $14,994 | Increased incentive accrual during Q3'21 $1.1 million due to record loan production; Salaries increased $852 Yr/Yr primarily due to new hires in West Central Florida Region, Fort Walton, & Columbus |
| Third party processing and other services QTD | $ 4,144 | $ 3,946 | $3,281 | Data processing increased $428 Yr/Yr due to rate increase from current provider; in process of conversion to new provider |
| Equipment and occupancy expense QTD | $ 2,996 | $ 2,844 | $ 2,556 | Contributing factors to Yr/Yr increase: new office space Nashville $176, Orlando $38, and Columbus $36 |
| Business meals QTD | $ 316 | $ 170 | $ 92 | |
| Earnings retention YTD | 79.0% | 78.7% | 76.2% | |
| Number of employees | 525 | 534 | 496 | |
| QTD tax rate | 18.0% | 21.0% | 20.3% | |
| YTD tax rate | 19.7% | 20.6% | 20.1% |
GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures
This supplemental financial data contains two measures of adjusted net interest margin. Both are non-GAAP measures. We provide net interest margin adjusted to exclude Paycheck Protection Program (“PPP”) balances, PPP interest income, and PPP fees, and we provide net interest margin adjusted to exclude increases in excess funds over the past quarter. We believe these non-GAAP financial measures provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with GAAP; however, we acknowledge that these non-GAAP financial measures have a number of limitations. As such, you should not view these disclosures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other companies, including those in our industry, use. The following reconciliation table provides a more detailed analysis of the non-GAAP financial measures as of and for the comparative periods presented in this press release. Dollars are in thousands.
| At September 30,2021 | At June 30, 2021 | At September 30, 2020 | ||||||||||
| Net Interest Margin - GAAP | 2.85 | % | 3.06 | % | 3.14 | % | ||||||
| Net Interest Income - GAAP | $ | 96,320 | $ | 94,668 | $ | 85,082 | ||||||
| Adjustments: | ||||||||||||
| PPP interest income | (1,191 | ) | (2,144 | ) | (3,981 | ) | ||||||
| PPP fee accretion | (5,172 | ) | (8,042 | ) | (2,643 | ) | ||||||
| Adjusted Net Interest Income - non-GAAP | 89,957 | 84,482 | 91,706 | |||||||||
| Average interest-earning assets | 13,439,524 | 12,408,946 | 10,780,061 | |||||||||
| Adjustments: | ||||||||||||
| Average PPP loan balances | (472,605 | ) | (859,949 | ) | (1,051,643 | ) | ||||||
| Adjusted average interest-earning assets | $ | 12,966,919 | $ | 11,548,997 | $ | 9,728,418 | ||||||
| Adjusted Net Interest Margin - non-GAAP | 2.76 | % | 2.96 | % | 3.25 | % | ||||||
| Net Interest Margin - GAAP | 2.85 | % | 3.06 | % | 3.14 | % | ||||||
| Net Interest Income - GAAP | $ | 96,320 | $ | 94,668 | $ | 85,082 | ||||||
| Adjustments: | ||||||||||||
| Interest earned on excess funds | (1,121 | ) | (704 | ) | (316 | ) | ||||||
| Adjusted Net Interest Income - non-GAAP | 95,199 | 93,964 | 84,766 | |||||||||
| Average interest-earning assets | 13,439,524 | 12,408,946 | 10,780,061 | |||||||||
| Adjustments: | ||||||||||||
| Increase in quarterly average excess funds | (971,455 | ) | (524,580 | ) | (609,624 | ) | ||||||
| Adjusted average interest-earning assets | $ | 12,468,069 | $ | 11,884,366 | $ | 10,170,437 | ||||||
| Adjusted Net Interest Margin - non-GAAP | 3.05 | % | 3.19 | % | 3.33 | % | ||||||