3rd Quarter 2016 Highlights:

• Record earnings of $31.0 million for the current quarter, an increase $1.4 million, or 5 percent, over the prior year third quarter net income of $29.6 million.
• Current quarter diluted earnings per share of $0.40, an increase of 3 percent from the prior year third quarter diluted earnings per share of $0.39.
• Organic loan growth of $165 million, or 12 percent annualized for the current quarter.
• Net interest margin of 4.00 percent as a percentage of earning assets, on a tax equivalent basis, for the current quarter compared to 3.96 percent in the prior year third quarter.
• Dividend declared of $0.20 per share, an increase of $0.01 per share, or 5 percent, over the prior year third quarter.  The dividend was the 126th consecutive quarterly dividend declared by the Company.
• The Company successfully completed the fourth phase of the consolidation of its bank divisions’ core database systems into our new “Gold Bank” core database system.
• The Company completed the acquisition of Treasure State Bank based in Missoula, Montana.

Year-to-Date 2016 Highlights:

• Net income of $90.1 million for the first nine months of 2016, an increase of 4 percent over $86.6 million for the same period in the prior year.
• Diluted earnings per share of $1.18, an increase of 3 percent from the first nine months of the prior year diluted earnings per share of $1.15.
• Organic loan growth of $465 million, or 12 percent annualized for the first nine months of the current year.
• Net interest margin of 4.02 percent as a percentage of earning assets, on a tax equivalent basis, for the first nine months of the current year compared to 3.99 percent for the same period last year.

Financial Highlights

		At or for the Three Months ended													At or for the Nine Months ended
(Dollars in thousands, except per share and market data)		Sep 30,  2016				Jun 30,  2016			Mar 31,  2016			Sep 30,  2015			Sep 30,  2016			Sep 30,  2015
Operating results
Net income		$	30,957			30,451			28,682			29,614			90,090			86,619
Basic earnings per share		$	0.40			0.40			0.38			0.39			1.18			1.15
Diluted earnings per share		$	0.40			0.40			0.38			0.39			1.18			1.15
Dividends declared per share		$	0.20			0.20			0.20			0.19			0.60			0.56
Market value per share
Closing		$	28.52			26.58			25.42			26.39			28.52			26.39
High		$	29.99			27.68			26.34			29.88			29.99			30.08
Low		$	25.49			24.31			22.19			24.33			22.19			22.27
Selected ratios and other data
Number of common stock shares outstanding			76,525,402			76,171,580			76,168,388			75,532,082			76,525,402			75,532,082
Average outstanding shares - basic			76,288,640			76,170,734			76,126,251			75,531,923			76,195,550			75,424,147
Average outstanding shares - diluted			76,350,873			76,205,069			76,173,417			75,586,453			76,247,051			75,469,355
Return on average assets (annualized)		1.34		%		1.34	%		1.28	%		1.36	%		1.32	%		1.37	%
Return on average equity (annualized)		10.80		%		10.99	%		10.53	%		10.93	%		10.77	%		10.90	%
Efficiency ratio		55.84		%		56.10	%		56.53	%		54.32	%		56.15	%		55.01	%
Dividend payout ratio		50.00		%		50.00	%		52.63	%		48.72	%		50.85	%		48.70	%
Loan to deposit ratio		77.53		%		76.92	%		74.65	%		73.68	%		77.53	%		73.68	%
Number of full time equivalent employees			2,207			2,210			2,184			2,040			2,207			2,040
Number of locations			142			143			144			133			142			133
Number of ATMs			166			167			167			158			166			158

KALISPELL, Mont., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (Nasdaq:GBCI) reported net income of $31.0 million for the current quarter, an increase of $1.4 million, or 5 percent, from the $29.6 million of net income for the prior year third quarter.  Diluted earnings per share for the current quarter was $0.40 per share, an increase of $0.01, or 3 percent, from the prior year third quarter diluted earnings per share of $0.39.  Included in the current quarter was $228 thousand of acquisition-related expenses and $1.4 million of expenses related to the Company’s consolidation of its bank divisions’ core database systems (Core Consolidation Project or “CCP”) including expenses related to the re-issuance of debit cards with chip technology.   As of September 30, 2016, the Company had completed the CCP conversion project for ten of its thirteen bank divisions.   “We again delivered a very good quarter as we reported record earnings, excellent organic loan growth, and a 4 percent net interest margin,” said Mick Blodnick, President and Chief Executive Officer.  “In addition, we are in the final stage of our two year core consolidation project and will have all our Banks, including Treasure State Bank on our new ‘Gold Bank’ platform by the end of October,” Blodnick said.

Net income for the nine months ended September 30, 2016 was $90.1 million, an increase of $3.5 million, or 4 percent, from the $86.6 million of net income for the first nine months of the prior year.  Diluted earnings per share for the first nine months of 2016 was $1.18 per share, an increase of $0.03, or 3 percent, from the diluted earnings per share of $1.15 for the same period in the prior year.

On August 31, 2016, the Company completed the acquisition of Treasure State Bank (“TSB”) based in Missoula, Montana which marks the Company’s 18th acquisition since 2000 and its sixth announced transaction in the past three years.

The Company’s results of operations and financial condition include the acquisition of TSB from the acquisition date and the following table provides information on the fair value of selected classifications of assets and liabilities acquired:

(Dollars in thousands)		August 31,  2016
Total assets		$	76,165
Loans receivable		51,875
Non-interest bearing deposits		13,005
Interest bearing deposits		45,359
Federal Home Loan Bank advances		3,260

Asset Summary

															$ Change from
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015			Jun 30,  2016			Dec 31,  2015			Sep 30,  2015
Cash and cash equivalents		$	251,413			160,333			193,253			242,835			91,080			58,160			8,578
Investment securities, available-for-sale		2,292,079				2,487,955			2,610,760			2,530,994			(195,876	)		(318,681	)		(238,915	)
Investment securities, held-to-maturity		679,707				680,574			702,072			651,822			(867	)		(22,365	)		27,885
Total investment securities		2,971,786				3,168,529			3,312,832			3,182,816			(196,743	)		(341,046	)		(211,030	)
Loans receivable
Residential real estate		696,817				672,895			688,912			644,694			23,922			7,905			52,123
Commercial real estate		2,919,415				2,773,298			2,633,953			2,500,952			146,117			285,462			418,463
Other commercial		1,303,241				1,258,227			1,099,564			1,080,715			45,014			203,677			222,526
Home equity		435,935				431,659			420,901			412,256			4,276			15,034			23,679
Other consumer		240,554				242,538			235,351			237,802			(1,984	)		5,203			2,752
Loans receivable		5,595,962				5,378,617			5,078,681			4,876,419			217,345			517,281			719,543
Allowance for loan and lease losses		(132,534		)		(132,386	)		(129,697	)		(130,768	)		(148	)		(2,837	)		(1,766	)
Loans receivable, net		5,463,428				5,246,231			4,948,984			4,745,651			217,197			514,444			717,777
Other assets		630,248				624,349			634,163			592,997			5,899			(3,915	)		37,251
Total assets		$	9,316,875			9,199,442			9,089,232			8,764,299			117,433			227,643			552,576

Total investment securities of $2.972 billion at September 30, 2016 decreased $197 million, or 6 percent, during the current quarter.  The decrease in the investment portfolio resulted from the Company redeploying the investment securities portfolio cash flow into the Company’s higher yielding loan portfolio.  Investment securities represented 32 percent of total assets at September 30, 2016 compared to 36 percent of total assets at December 31, 2015 and 36 percent at September 30, 2015.

Excluding the acquisition of TSB, the loan portfolio grew $165 million, or 12 percent annualized, during the current quarter.  Excluding the acquisition, the loan category with the largest increase was commercial real estate which increased $121 million, or 4 percent.  Excluding the TSB acquisition and the acquisition of Cañon National Bank (“Cañon”) in October 2015, the loan portfolio increased $508 million, or 10 percent, since September 30, 2015 with $283 million and $198 million of the increase coming from growth in commercial real estate and other commercial loans, respectively.  “Loan growth in the third quarter continued at a solid pace led by increases in commercial construction and commercial real estate loans,” Blodnick said.  “During the quarter we continued to add to our residential construction portfolio something we've been working hard at the past couple of years.  We were also pleased that with the exception of commercial and industrial loans all other loan categories increased this quarter.”

Credit Quality Summary

(Dollars in thousands)		At or for the Nine Months ended Sep 30,  2016				At or for the Six Months ended Jun 30,  2016			At or for the Year ended Dec 31,  2015			At or for the Nine Months ended Sep 30,  2015
Allowance for loan and lease losses
Balance at beginning of period		$	129,697			129,697			129,753			129,753
Provision for loan losses		1,194				568			2,284			1,873
Charge-offs		(5,332		)		(2,532	)		(7,001	)		(4,671	)
Recoveries		6,975				4,653			4,661			3,813
Balance at end of period		$	132,534			132,386			129,697			130,768
Other real estate owned		$	22,662			24,370			26,815			26,609
Accruing loans 90 days or more past due		3,299				6,194			2,131			3,784
Non-accrual loans		52,280				45,017			51,133			54,632
Total non-performing assets 1		$	78,241			75,581			80,079			85,025
Non-performing assets as a percentage of subsidiary assets		0.84		%		0.82	%		0.88	%		0.97	%
Allowance for loan and lease losses as a percentage of non-performing loans		238		%		259	%		244	%		224	%
Allowance for loan and lease losses as a percentage of total loans		2.37		%		2.46	%		2.55	%		2.68	%
Net (recoveries) charge-offs as a percentage of total loans		(0.03		)%		(0.04	)%		0.05	%		0.02	%
Accruing loans 30-89 days past due		$	27,384			23,479			19,413			17,822
Accruing troubled debt restructurings		$	52,578			50,054			63,590			63,638
Non-accrual troubled debt restructurings		$	23,427			23,822			27,057			27,442
__________
1 As of September 30, 2016, non-performing assets have not been reduced by U.S. government guarantees of $1.5 million.

Non-performing assets at September 30, 2016 were $78.2 million, an increase of  $2.7 million, or 4 percent, during the current quarter and a decrease of $6.8 million, or 8 percent, from a year ago.  Early stage delinquencies (accruing loans 30-89 days past due) of $27.4 million at September 30, 2016 increased $3.9 million from the prior quarter.

The allowance loan and lease losses (“allowance”) as a percent of total loans outstanding at September 30, 2016 was 2.37 percent, a decrease of 18 basis points from 2.55 percent at December 31, 2015 and a decrease of 31 basis points from 2.68 percent at September 30, 2015 which was driven by loan growth combined with stabilized credit quality.

Credit Quality Trends and Provision for Loan Losses

(Dollars in thousands)		Provision for Loan Losses				Net  Charge-Offs (Recoveries)				ALLL as a Percent of Loans			Accruing Loans 30-89 Days Past Due as a Percent of Loans			Non-Performing Assets to Total Subsidiary Assets
Third quarter 2016		$	626			$	478			2.37	%		0.49	%		0.84	%
Second quarter 2016		—				(2,315		)		2.46	%		0.44	%		0.82	%
First quarter 2016		568				194				2.50	%		0.46	%		0.88	%
Fourth quarter 2015		411				1,482				2.55	%		0.38	%		0.88	%
Third quarter 2015		826				577				2.68	%		0.37	%		0.97	%
Second quarter 2015		282				(381		)		2.71	%		0.59	%		0.98	%
First quarter 2015		765				662				2.77	%		0.71	%		1.07	%
Fourth quarter 2014		191				1,070				2.89	%		0.58	%		1.08	%

Net charge-offs for the current quarter were $478 thousand compared to net recoveries of $2.3 million for the prior quarter and net charge-offs of $577 thousand from the same quarter last year.  The net recoveries and charge-offs continue to trend in the right direction with a fair amount of volatility during the quarters.  There was $626 thousand of current quarter provision for loan losses, compared to no provision in the prior quarter and $826 thousand in the prior year third quarter.  Loan portfolio growth, composition, average loan size, credit quality considerations, and other environmental factors will continue to determine the level of the loan loss provision.

Supplemental information regarding credit quality and identification of the Company’s loan portfolio based on regulatory classification is provided in the exhibits at the end of this press release.  The regulatory classification of loans is based primarily on collateral type while the Company’s loan segments presented herein are based on the purpose of the loan.

Liability Summary

															$ Change from
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015			Jun 30,  2016			Dec 31,  2015			Sep 30,  2015
Deposits
Non-interest bearing deposits		$	2,098,747			1,907,026			1,918,310			1,893,723			191,721			180,437			205,024
NOW and DDA accounts		1,514,330				1,495,952			1,516,026			1,373,295			18,378			(1,696	)		141,035
Savings accounts		938,547				926,865			838,274			771,719			11,682			100,273			166,828
Money market deposit accounts		1,442,602				1,403,028			1,382,028			1,350,098			39,574			60,574			92,504
Certificate accounts		975,521				1,017,681			1,060,650			1,094,565			(42,160	)		(85,129	)		(119,044	)
Core deposits, total		6,969,747				6,750,552			6,715,288			6,483,400			219,195			254,459			486,347
Wholesale deposits		339,572				338,264			229,720			189,779			1,308			109,852			149,793
Deposits, total		7,309,319				7,088,816			6,945,008			6,673,179			220,503			364,311			636,140
Repurchase agreements		401,243				414,327			423,414			441,041			(13,084	)		(22,171	)		(39,798	)
Federal Home Loan Bank advances		211,833				328,832			394,131			329,299			(116,999	)		(182,298	)		(117,466	)
Other borrowed funds		5,956				4,926			6,602			6,619			1,030			(646	)		(663	)
Subordinated debentures		125,956				125,920			125,848			125,812			36			108			144
Other liabilities		114,789				111,962			117,579			113,541			2,827			(2,790	)		1,248
Total liabilities		$	8,169,096			8,074,783			8,012,582			7,689,491			94,313			156,514			479,605

Excluding the TSB acquisition, non-interest bearing deposits increased $179 million, or 9 percent, from the prior quarter which was driven by seasonal fluctuations and a strong inflow of new accounts.  Excluding the TSB and Cañon acquisitions, non-interest bearing deposits increased $103 million, or 5 percent, from September 30, 2015.  Excluding the TSB acquisition, core interest bearing deposits decreased $17.9 million, or 37 basis points, from the prior quarter.  Excluding the TSB and Cañon acquisitions, core interest bearing deposits at September 30, 2016 increased $88 million, or 2 percent, from September 30, 2015.  Wholesale deposits (i.e., brokered deposits classified as NOW, DDA, money market deposit and certificate accounts) of $340 million at September 30, 2016 increased $110 million since December 31, 2015 and increased $150 million over the prior year third quarter.  A majority of the increase was driven by a need to obtain wholesale deposits necessary for an interest rate swap.

Securities sold under agreements to repurchase (“repurchase agreements”) of $401 million at September 30, 2016 decreased $13.1 million, or 3 percent, from the prior quarter and decreased $39.8 million, or 9 percent, from the prior year third quarter.  Repurchase agreements fluctuated as certain customers had significant deposit cash flows.  Federal Home Loan Bank (“FHLB”) advances of $212 million at September 30, 2016 decreased $117 million, or 36 percent, during the current quarter as the Company’s funding needs decreased because of the increase in non-interest deposits during the current quarter.

Stockholders’ Equity Summary

															$ Change from
(Dollars in thousands, except per share data)		Sep 30,  2016				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015			Jun 30,  2016			Dec 31,  2015			Sep 30,  2015
Common equity		$	1,130,941			1,104,246			1,074,661			1,066,801			26,695			56,280			64,140
Accumulated other comprehensive income		16,838				20,413			1,989			8,007			(3,575	)		14,849			8,831
Total stockholders’ equity		1,147,779				1,124,659			1,076,650			1,074,808			23,120			71,129			72,971
Goodwill and core deposit intangible, net		(160,008		)		(153,608	)		(155,193	)		(141,624	)		(6,400	)		(4,815	)		(18,384	)
Tangible stockholders’ equity		$	987,771			971,051			921,457			933,184			16,720			66,314			54,587
Stockholders’ equity to total assets			12.32	%		12.23	%		11.85	%		12.26	%
Tangible stockholders’ equity to total tangible assets			10.79	%		10.73	%		10.31	%		10.82	%
Book value per common share		$	15.00			14.76			14.15			14.23			0.24			0.85			0.77
Tangible book value per common share		$	12.91			12.75			12.11			12.35			0.16			0.80			0.56

Tangible stockholders’ equity of $988 million at September 30, 2016 increased $16.7 million, or 2 percent, from the prior quarter primarily from earnings retention and $10.5 million of Company stock issued in connection with the TSB acquisition, both of which more than offset the decrease in accumulated other comprehensive income and the increase in intangibles from the acquisition of TSB.  Tangible stockholders’ equity increased $54.6 million, or 6 percent, from a year ago, the result of earnings retention, an increase in accumulated other comprehensive income and $25.6 million of Company stock issued in connection with the TSB and Cañon acquisitions; such increases more than offset the increase in goodwill and other intangibles from the acquisitions. Tangible book value per common share at quarter end increased $0.16 per share from the prior quarter and increased $0.56 per share from the prior year third quarter and was principally due to earnings retention.

Cash Dividend
On September 28, 2016, the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share.  The dividend was payable October 20, 2016 to shareholders of record October 11, 2016.  Future cash dividends will depend on a variety of factors, including net income, capital, asset quality, general economic conditions and regulatory considerations.

Operating Results for Three Months Ended September 30, 2016
Compared to June 30, 2016, March 31, 2016 and September 30, 2015

Income Summary

		Three Months ended													$ Change from
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016			Mar 31,  2016			Sep 30,  2015			Jun 30,  2016			Mar 31,  2016			Sep 30,  2015
Net interest income
Interest income		$	85,944			86,069			84,381			80,367			(125	)		1,563			5,577
Interest expense		7,318				7,424			7,675			7,309			(106	)		(357	)		9
Total net interest income		78,626				78,645			76,706			73,058			(19	)		1,920			5,568
Non-interest income
Service charges and other fees		16,307				15,772			14,681			15,357			535			1,626			950
Miscellaneous loan fees and charges		1,195				1,163			1,021			1,055			32			174			140
Gain on sale of loans		9,592				8,257			5,992			7,326			1,335			3,600			2,266
(Loss) gain on sale of investments		(594		)		(220	)		108			(31	)		(374	)		(702	)		(563	)
Other income		1,793				1,787			2,450			2,092			6			(657	)		(299	)
Total non-interest income		28,293				26,759			24,252			25,799			1,534			4,041			2,494
		$	106,919			105,404			100,958			98,857			1,515			5,961			8,062
Net interest margin (tax-equivalent)		4.00		%		4.06	%		4.01	%		3.96	%

Net Interest Income
In the current quarter, interest income of $85.9 million decreased $125 thousand, or 15 basis points, from the prior quarter and was primarily driven by the decrease in interest income from investment securities.  As a result of loan growth, commercial loan interest income increased $692 thousand, or 1 percent, during the current quarter and residential real estate loan income increased $414 thousand, or 5 percent, during the current quarter.  Current quarter interest income increased $5.6 million, or 7 percent, over the prior year third quarter because of increases in interest income on commercial loans which increased $5.6 million, or 13 percent.  As a result of the decreased investment portfolio, the investment income decreased during the current quarter by $1.2 million and decreased $610 thousand compared to the prior year third quarter.

The current quarter interest expense of $7.3 million decreased $106 thousand, or 1 percent, from the prior quarter and increased $9 thousand from the prior year third quarter.  The total cost of funding (including non-interest bearing deposits) for the current quarter was 37 basis points compared to 38 basis points for the prior quarter and 39 basis points in the prior year third quarter.

The Company’s net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 4.00 percent compared to 4.06 percent in the prior quarter.  During the current quarter, the earning asset yield decreased by 8 basis points and was primarily driven by a 4 basis point decrease from the recovery of interest on loans previously placed on non-accrual and a 4 basis point decrease in discount accretion associated with the fair value of previously acquired loans.  The Company’s current quarter net interest margin increased 4
basis points from the prior year third quarter net interest margin of 3.96 percent.  The increase was driven by the shift in earning assets from the lower yielding investment securities to higher yielding loans and lower funding cost.  “During the quarter, the bank divisions achieved excellent growth in their non-interest bearing deposits,” said Ron Copher, Chief Financial Officer.  “The continuing shift in earning assets from investment securities to the higher yielding loan portfolio has benefited the Company.”

Non-interest Income
Non-interest income for the current quarter totaled $28.3 million, an increase of $1.5 million, or 6 percent, from the prior quarter and an increase of $2.5 million, or 10 percent, over the same quarter last year.  Service fee income of $16.3 million, increased $535 thousand, or 3 percent, from the prior quarter.  Service fee income for the current quarter increased by $950 thousand, or 6 percent, from the prior year third quarter because of the increased number of deposit accounts.  Gain on sale of residential loans for the current quarter increased $1.3 million, or 16 percent, from the prior quarter due to the third quarter traditionally experiencing stronger mortgage loan originations.  Gain on sale of residential loans for the current quarter increased $2.3 million, or 31 percent, from the prior year third quarter as a result of the housing market continuing to strengthen during the current year coupled with the low interest rate environment.  Included in other income was operating revenue of $34 thousand from other real estate owned (“OREO”) and a gain of $134 thousand from the sale of OREO, a combined total of $168 thousand for the current quarter compared to $182 thousand for the prior quarter and $129 thousand for the prior year third quarter.

Non-interest Expense Summary

			Three Months ended													$ Change from
(Dollars in thousands)			Sep 30,  2016				Jun 30,  2016			Mar 31,  2016			Sep 30,  2015			Jun 30,  2016			Mar 31,  2016			Sep 30,  2015
Compensation and employee benefits			$	38,370			37,560			36,941			33,534			810			1,429			4,836
Occupancy and equipment			6,168				6,443			6,676			6,435			(275	)		(508	)		(267	)
Advertising and promotions			2,098				2,085			2,125			2,459			13			(27	)		(361	)
Data processing			4,080				3,938			3,373			2,710			142			707			1,370
Other real estate owned			215				214			390			1,047			1			(175	)		(832	)
Regulatory assessments and insurance			1,158				1,066			1,508			1,478			92			(350	)		(320	)
Core deposit intangibles amortization			777				788			797			720			(11	)		(20	)		57
Other expenses			12,314				12,367			10,546			10,729			(53	)		1,768			1,585
Total non-interest expense			$	65,180			64,461			62,356			59,112			719			2,824			6,068

Compensation and employee benefits for the current quarter increased by $810 thousand, or 2 percent, from the prior quarter.  Compensation and employee benefits for the current quarter increased by $4.8 million, or 14 percent, from the prior year third quarter due to the increased number of employees, including increases from the Cañon acquisition, and annual salary increases.  Current quarter occupancy and equipment expense decreased $275 thousand, or 4 percent, from the prior quarter and decreased $267 thousand, or 4 percent, from the prior year third quarter.  The current quarter data processing expense increased $142 thousand, or 4 percent, from the prior quarter.  The current quarter data processing expense increased $1.4 million from the prior year third quarter; such increases primarily from expenses associated with CCP.  The current quarter OREO expense of $215 thousand included $162 thousand of operating expense, $13 thousand of fair value write-downs, and $40 thousand of loss from the sales of OREO.  Current quarter other expenses of $12.3 million remained stable in total compared to the prior quarter, however several areas experienced increases or decreases related to acquisitions, CCP, and expenses connected with equity investments in New Markets Tax Credit (“NMTC”) projects.  Current quarter other expenses increased $1.6 million, or 15 percent, from the prior year third quarter and was primarily driven by increases from costs associated with CCP.

Efficiency Ratio
The current quarter efficiency ratio was 55.84 percent, a 26 basis points decrease from the prior quarter efficiency ratio of 56.10 percent which was driven by the increase in gain on sale of residential loans which outpaced the increase in operating expenses.  The current quarter efficiency ratio of 55.84 percent compared to 54.32 percent in the prior year third quarter.  The 1.52 percent increase in the efficiency ratio was the result of additional costs associated with CCP and increased compensation expense, which was greater than the benefits experienced in net interest income and non-interest income.

Operating Results for Nine Months ended September 30, 2016
Compared to September 30, 2015

Income Summary

		Nine Months ended								$ Change				% Change
(Dollars in thousands)		September 30,  2016				September 30,  2015
Net interest income
Interest income		$	256,394			$	236,470			$	19,924			8	%
Interest expense		22,417				22,060				357				2	%
Total net interest income		233,977				214,410				19,567				9	%
Non-interest income
Service charges and other fees		46,760				43,868				2,892				7	%
Miscellaneous loan fees and charges		3,379				3,354				25				1	%
Gain on sale of loans		23,841				20,356				3,485				17	%
Loss on sale of investments		(706		)		(124		)		(582		)		469	%
Other income		6,030				6,840				(810		)		(12	)%
Total non-interest income		79,304				74,294				5,010				7	%
		$	313,281			$	288,704			$	24,577			9	%
Net interest margin (tax-equivalent)		4.02		%		3.99		%

Net Interest Income
Net interest income for the first nine months of the current year was $234 million, an increase of $19.6 million, or 9 percent, over the same period last year.  Interest income for the first nine months of the current year increased $19.9 million, or 8 percent, from the prior year first nine months and was principally due to a $17.3 million increase in income from commercial loans.  Additional increases included $1.4 million in interest income from investment securities and $1.4 million in interest income from residential loans.

Interest expense of $22.4 million for the first nine months of the current year increased $357 thousand, or 2 percent, over the same period in the prior year.  Deposit interest expense for the first nine months of the current year increased $1.7 million, or 14 percent, from the prior year first nine months and was driven by the increase in wholesale deposits and the additional interest expense for an interest rate swap with a notional $100 million that began its accrual period in December 2015.  FHLB interest expense decreased $1.8 million, or 28 percent, which resulted from long-term advances maturing which were replaced by lower rate short-term advances.  The total funding cost (including non-interest bearing deposits) for the first nine months of 2016 was 38 basis points compared to 40 basis points for the first nine months of 2015.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the first nine months of 2016 was 4.02 percent, a 3 basis point increase from the net interest margin of 3.99 percent for the first nine months of 2015.  The increase in the margin was primarily attributable to a shift in earning assets to higher yielding loans combined with a continued increase in low cost deposits.

Non-interest Income
Non-interest income of $79.3 million for the first nine months of 2016 increased $5.0 million, or 7 percent, over the same period last year.  Service charges and other fees of $46.8 million for the first nine months of 2016 increased $2.9 million, or 7 percent, from the same period last year as a result of an increased number of deposit accounts and increases from recent acquisitions.  The gain of $23.8 million on the sale of residential loans for the first nine months of 2016 increased $3.5 million, or 17 percent, from the first nine months of 2015 which was attributable to the stronger housing market and the low interest rate environment.  Included in other income was operating revenue of $84 thousand from OREO and gains of $479 thousand from the sales of OREO, which totaled $563 thousand for the first nine months of 2016 compared to $869 thousand for the same period in the prior year.

Non-interest Expense Summary

		Nine Months ended								$ Change				% Change
(Dollars in thousands)		September 30,  2016				September 30,  2015
Compensation and employee benefits		$	112,871			$	98,507			$	14,364			15	%
Occupancy and equipment		19,287				18,927				360				2	%
Advertising and promotions		6,308				6,626				(318		)		(5	)%
Data processing		11,391				8,232				3,159				38	%
Other real estate owned		819				3,182				(2,363		)		(74	)%
Regulatory assessments and insurance		3,732				3,789				(57		)		(2	)%
Core deposit intangible amortization		2,362				2,206				156				7	%
Other expenses		35,227				33,085				2,142				6	%
Total non-interest expense		$	191,997			$	174,554			$	17,443			10	%

Compensation and employee benefits for the first nine months of 2016 increased $14.4 million, or 15 percent, from the same period due to the increased number of employees including from the acquired banks and annual salary increases.  Occupancy and equipment expense of $19.3 million for the first nine months of 2016 increased $360 thousand, or 2 percent. Outsourced data processing expense increased $3.2 million, or 38 percent, from the prior year first nine months as a result of additional costs from CCP.  OREO expense of $819 thousand in the first nine months of 2016 decreased $2.4 million, or 74 percent, from the first nine months of the prior year.  OREO expense for the first nine months of 2016 included $443 thousand of operating expenses, $92 thousand of fair value write-downs, and $284 thousand of loss from the sales of OREO.  Current year other expenses of $35.2 million increased $2.1 million, or 6 percent, from the prior year and was driven by increases from costs associated with CCP which were partially offset by decreases in expenses connected with the equity investments in NMTC projects.

Provision for Loan Losses
The provision for loan losses was $1.2 million for the first nine months of 2016, a decrease of $679 thousand, or 36 percent, from the same period in the prior year.  Net recovery of loans during the first nine months of 2016 was $1.6 million compared to net charge-offs of $858 thousand from the first nine months of 2015.

Efficiency Ratio
The efficiency ratio was 56.15 percent for the first nine months of 2016 and 55.01 percent for the first nine months of 2015.   Although there were increases in both net interest income and non-interest income, such increases were outpaced by the increases in CCP expenses and compensation expenses which contributed to the higher efficiency ratio in 2016.

Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements include, but are not limited to, statements about management’s plans, objectives, expectations and intentions that are not historical facts, and other statements identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “should,” “projects,” “seeks,” “estimates” or words of similar meaning.  These forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control.  In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.  The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations in the forward-looking statements, including those set forth in this news release:

• the risks associated with lending and potential adverse changes of the credit quality of loans in the Company’s portfolio;
• changes in trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System or the Federal Reserve Board, which could adversely affect the Company’s net interest income and profitability;
• legislative or regulatory changes, including increased banking and consumer protection regulation that adversely affect the Company’s business;
• ability to complete pending or prospective future acquisitions, limit certain sources of revenue, or increase cost of operations;
• costs or difficulties related to the completion and integration of acquisitions;
• the goodwill the Company has recorded in connection with acquisitions could become impaired, which may have an adverse impact on earnings and capital;
• reduced demand for banking products and services;
• the risks presented by continued public stock market volatility, which could adversely affect the market price of the Company’s common stock and the ability to raise additional capital or grow the Company through acquisitions;
• consolidation in the financial services industry in the Company’s markets resulting in the creation of larger financial institutions who may have greater resources could change the competitive landscape;
• dependence on the Chief Executive Officer, the senior management team and the Presidents of Glacier Bank divisions;
• potential interruption or breach in security of the Company’s systems and technological changes which could expose us to new risks, fraud or system failures; and
• the Company’s success in managing risks involved in the foregoing.

The Company does not undertake any obligation to publicly correct or update any forward-looking statement if it later becomes aware that actual results are likely to differ materially from those expressed in such forward-looking statement.

Conference Call Information
A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, October 21, 2016.  The conference call will be accessible by telephone and through the Internet.  Interested individuals are invited to listen to the call by telephone at 877-561-2748 and the conference ID is 91975601.  To participate on the webcast, log on to: http://edge.media-server.com/m/p/hgo5vjek. If you are unable to participate during the live webcast, the call will be archived on our Web site, www.glacierbancorp.com, or by calling 855-859-2056 with the ID 91975601 until November 4, 2016.

About Glacier Bancorp, Inc.
Glacier Bancorp, Inc. is a regional bank holding company providing commercial banking services in 88 communities in Montana, Idaho, Utah, Washington, Wyoming and Colorado. Glacier Bancorp, Inc. is headquartered in Kalispell, Montana, and  is the parent company for Glacier Bank, Kalispell and Bank divisions First Security Bank of Missoula; Valley Bank of Helena; Big Sky Western Bank, Bozeman; Western Security Bank, Billings; and First Bank of Montana, Lewistown, all operating in Montana; as well as Mountain West Bank, Coeur d’Alene operating in Idaho, Utah and Washington; Citizens Community Bank, Pocatello, operating in Idaho; 1st Bank, Evanston, operating in Wyoming and Utah;  First Bank of Wyoming, Powell and First State Bank, Wheatland,   each operating in Wyoming; North Cascades Bank, Chelan, operating in Washington; and Bank of the San Juans, Durango, operating in Colorado. 

Glacier Bancorp, Inc.
Unaudited Condensed Consolidated Statements of Financial Condition
(Dollars in thousands, except per share data)		September 30,  2016				June 30,  2016			December 31,  2015			September 30,  2015
Assets
Cash on hand and in banks		$	129,727			147,748			117,137			104,363
Federal funds sold		225				—			6,080			2,210
Interest bearing cash deposits		121,461				12,585			70,036			136,262
Cash and cash equivalents		251,413				160,333			193,253			242,835
Investment securities, available-for-sale		2,292,079				2,487,955			2,610,760			2,530,994
Investment securities, held-to-maturity		679,707				680,574			702,072			651,822
Total investment securities		2,971,786				3,168,529			3,312,832			3,182,816
Loans held for sale		71,069				74,140			56,514			40,456
Loans receivable		5,595,962				5,378,617			5,078,681			4,876,419
Allowance for loan and lease losses		(132,534		)		(132,386	)		(129,697	)		(130,768	)
Loans receivable, net		5,463,428				5,246,231			4,948,984			4,745,651
Premises and equipment, net		178,638				177,911			194,030			185,864
Other real estate owned		22,662				24,370			26,815			26,609
Accrued interest receivable		50,138				47,554			44,524			46,786
Deferred tax asset		51,757				46,488			58,475			55,095
Core deposit intangible, net		12,955				12,970			14,555			10,781
Goodwill		147,053				140,638			140,638			130,843
Non-marketable equity securities		20,103				24,791			27,495			24,905
Other assets		75,873				75,487			71,117			71,658
Total assets		$	9,316,875			9,199,442			9,089,232			8,764,299
Liabilities
Non-interest bearing deposits		$	2,098,747			1,907,026			1,918,310			1,893,723
Interest bearing deposits		5,210,572				5,181,790			5,026,698			4,779,456
Securities sold under agreements to repurchase		401,243				414,327			423,414			441,041
FHLB advances		211,833				328,832			394,131			329,299
Other borrowed funds		5,956				4,926			6,602			6,619
Subordinated debentures		125,956				125,920			125,848			125,812
Accrued interest payable		3,439				3,486			3,517			3,641
Other liabilities		111,350				108,476			114,062			109,900
Total liabilities		8,169,096				8,074,783			8,012,582			7,689,491
Stockholders’ Equity
Preferred shares, $0.01 par value per share, 1,000,000 shares authorized, none issued or outstanding		—				—			—			—
Common stock, $0.01 par value per share, 117,187,500 shares authorized		765				762			761			755
Paid-in capital		748,463				737,379			736,368			720,639
Retained earnings - substantially restricted		381,713				366,105			337,532			345,407
Accumulated other comprehensive income		16,838				20,413			1,989			8,007
Total stockholders’ equity		1,147,779				1,124,659			1,076,650			1,074,808
Total liabilities and stockholders’ equity		$	9,316,875			9,199,442			9,089,232			8,764,299

Glacier Bancorp, Inc.
Unaudited Condensed Consolidated Statements of Operations
		Three Months ended										Nine Months ended
(Dollars in thousands, except per share data)		September 30,  2016				June 30,  2016			September 30,  2015			September 30,  2016			September 30,  2015
Interest Income
Investment securities		$	21,827			23,037			22,437			68,747			67,355
Residential real estate loans		8,538				8,124			7,878			24,947			23,581
Commercial loans		47,694				47,002			42,137			139,199			121,857
Consumer and other loans		7,885				7,906			7,915			23,501			23,677
Total interest income		85,944				86,069			80,367			256,394			236,470
Interest Expense
Deposits		4,550				4,560			3,947			13,905			12,206
Securities sold under agreements to repurchase		289				275			261			882			734
Federal Home Loan Bank advances		1,527				1,665			2,273			4,844			6,685
Federal funds purchased and other borrowed funds		17				14			21			49			63
Subordinated debentures		935				910			807			2,737			2,372
Total interest expense		7,318				7,424			7,309			22,417			22,060
Net Interest Income		78,626				78,645			73,058			233,977			214,410
Provision for loan losses		626				—			826			1,194			1,873
Net interest income after provision for loan losses		78,000				78,645			72,232			232,783			212,537
Non-Interest Income
Service charges and other fees		16,307				15,772			15,357			46,760			43,868
Miscellaneous loan fees and charges		1,195				1,163			1,055			3,379			3,354
Gain on sale of loans		9,592				8,257			7,326			23,841			20,356
Loss on sale of investments		(594		)		(220	)		(31	)		(706	)		(124	)
Other income		1,793				1,787			2,092			6,030			6,840
Total non-interest income		28,293				26,759			25,799			79,304			74,294
Non-Interest Expense
Compensation and employee benefits		38,370				37,560			33,534			112,871			98,507
Occupancy and equipment		6,168				6,443			6,435			19,287			18,927
Advertising and promotions		2,098				2,085			2,459			6,308			6,626
Data processing		4,080				3,938			2,710			11,391			8,232
Other real estate owned		215				214			1,047			819			3,182
Regulatory assessments and insurance		1,158				1,066			1,478			3,732			3,789
Core deposit intangibles amortization		777				788			720			2,362			2,206
Other expenses		12,314				12,367			10,729			35,227			33,085
Total non-interest expense		65,180				64,461			59,112			191,997			174,554
Income Before Income Taxes		41,113				40,943			38,919			120,090			112,277
Federal and state income tax expense		10,156				10,492			9,305			30,000			25,658
Net Income		$	30,957			30,451			29,614			90,090			86,619

Glacier Bancorp, Inc.
Average Balance Sheets
		Three Months ended
		September 30, 2016											September 30, 2015
(Dollars in thousands)		Average Balance				Interest & Dividends				Average Yield/ Rate			Average Balance				Interest & Dividends				Average Yield/ Rate
Assets
Residential real estate loans		$	752,723			$	8,538			4.54	%		$	679,037			$	7,878			4.64	%
Commercial loans 1		4,092,627				48,817				4.75	%		3,510,098				42,811				4.84	%
Consumer and other loans		678,415				7,885				4.62	%		639,155				7,915				4.91	%
Total loans 2		5,523,765				65,240				4.70	%		4,828,290				58,604				4.82	%
Tax-exempt investment securities 3		1,311,616				18,764				5.72	%		1,334,980				19,511				5.85	%
Taxable investment securities 4		1,774,209				9,813				2.21	%		1,930,378				10,063				2.09	%
Total earning assets		8,609,590				93,817				4.33	%		8,093,648				88,178				4.32	%
Goodwill and intangibles		155,347											142,031
Non-earning assets		398,463											384,452
Total assets		$	9,163,400										$	8,620,131
Liabilities
Non-interest bearing deposits		$	1,973,648			$	—			—	%		$	1,793,899			$	—			—	%
NOW and DDA accounts		1,501,944				244				0.06	%		1,387,334				264				0.08	%
Savings accounts		934,911				119				0.05	%		763,430				90				0.05	%
Money market deposit accounts		1,425,655				543				0.15	%		1,349,244				514				0.15	%
Certificate accounts		986,411				1,482				0.60	%		1,125,276				1,657				0.58	%
Wholesale deposits 5		345,287				2,162				2.49	%		190,724				1,422				2.96	%
FHLB advances		259,216				1,527				2.30	%		329,797				2,273				2.70	%
Repurchase agreements and other borrowed funds		502,391				1,241				0.98	%		512,807				1,089				0.84	%
Total funding liabilities		7,929,463				7,318				0.37	%		7,452,511				7,309				0.39	%
Other liabilities		93,250											92,955
Total liabilities		8,022,713											7,545,466
Stockholders’ Equity
Common stock		762											755
Paid-in capital		741,072											720,325
Retained earnings		381,197											344,768
Accumulated other comprehensive income		17,656											8,817
Total stockholders’ equity		1,140,687											1,074,665
Total liabilities and stockholders’ equity		$	9,163,400										$	8,620,131
Net interest income (tax-equivalent)						$	86,499										$	80,869
Net interest spread (tax-equivalent)										3.96	%										3.93	%
Net interest margin (tax-equivalent)										4.00	%										3.96	%
__________
1  Includes tax effect of $1.1 million and $674 thousand on tax-exempt municipal loan and lease income for the three months ended September 30, 2016 and 2015, respectively.
2  Total loans are gross of the allowance for loan and lease losses, net of unearned income and include loans held for sale.  Non-accrual loans were included in the average volume for the entire period.
3  Includes tax effect of $6.4 million and $6.8 million on tax-exempt investment securities income for the three months ended September 30, 2016 and 2015, respectively.
4  Includes tax effect of $352 thousand and $362 thousand on federal income tax credits for the three months ended September 30, 2016 and 2015, respectively.
5  Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts.

Glacier Bancorp, Inc.
Average Balance Sheets (continued)
		Nine Months ended
		September 30, 2016											September 30, 2015
(Dollars in thousands)		Average Balance				Interest & Dividends				Average Yield/ Rate			Average Balance				Interest & Dividends				Average Yield/ Rate
Assets
Residential real estate loans		$	736,866			$	24,947			4.51	%		$	673,084			$	23,581			4.67	%
Commercial loans 1		3,915,503				142,108				4.85	%		3,411,631				123,759				4.85	%
Consumer and other loans		666,200				23,501				4.71	%		625,726				23,677				5.06	%
Total loans 2		5,318,569				190,556				4.79	%		4,710,441				171,017				4.85	%
Tax-exempt investment securities 3		1,337,511				57,420				5.72	%		1,317,788				57,026				5.77	%
Taxable investment securities 4		1,895,871				31,961				2.25	%		1,894,572				30,472				2.14	%
Total earning assets		8,551,951				279,937				4.37	%		7,922,801				258,515				4.36	%
Goodwill and intangibles		154,708											141,851
Non-earning assets		393,290											385,216
Total assets		$	9,099,949										$	8,449,868
Liabilities
Non-interest bearing deposits		$	1,897,176			$	—			—	%		$	1,702,459			$	—			—	%
NOW and DDA accounts		1,487,413				808				0.07	%		1,347,658				790				0.08	%
Savings accounts		900,141				331				0.05	%		740,905				263				0.05	%
Money market deposit accounts		1,410,257				1,635				0.15	%		1,330,212				1,544				0.16	%
Certificate accounts		1,030,283				4,605				0.60	%		1,147,820				5,284				0.62	%
Wholesale deposits 5		335,628				6,526				2.60	%		208,640				4,325				2.77	%
FHLB advances		319,808				4,844				1.99	%		315,068				6,685				2.80	%
Repurchase agreements and other borrowed funds		507,514				3,668				0.97	%		504,787				3,169				0.84	%
Total funding liabilities		7,888,220				22,417				0.38	%		7,297,549				22,060				0.40	%
Other liabilities		94,718											90,300
Total liabilities		7,982,938											7,387,849
Stockholders’ Equity
Common stock		762											754
Paid-in capital		738,126											717,424
Retained earnings		366,094											329,630
Accumulated other comprehensive income		12,029											14,211
Total stockholders’ equity		1,117,011											1,062,019
Total liabilities and stockholders’ equity		$	9,099,949										$	8,449,868
Net interest income (tax-equivalent)						$	257,520										$	236,455
Net interest spread (tax-equivalent)										3.99	%										3.96	%
Net interest margin (tax-equivalent)										4.02	%										3.99	%
__________
1  Includes tax effect of $2.9 million and $1.9 million on tax-exempt municipal loan and lease income for the nine months ended September 30, 2016 and 2015, respectively.
2  Total loans are gross of the allowance for loan and lease losses, net of unearned income and include loans held for sale.  Non-accrual loans were included in the average volume for the entire period.
3  Includes tax effect of $19.6 million and $19.1 million on tax-exempt investment securities income for the nine months ended September 30, 2016 and 2015, respectively.
4  Includes tax effect of $1.1 million and $1.1 million on federal income tax credits for the nine months ended September 30, 2016 and 2015, respectively.
5  Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts.

Glacier Bancorp, Inc.
Loan Portfolio by Regulatory Classification
		Loans Receivable, by Loan Type																% Change from
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016				Dec 31,  2015				Sep 30,  2015				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015
Custom and owner occupied construction		$	82,935			$	78,525			$	75,094			$	64,951			6	%		10	%		28	%
Pre-sold and spec construction		66,812				59,530				50,288				46,921				12	%		33	%		42	%
Total residential construction		149,747				138,055				125,382				111,872				8	%		19	%		34	%
Land development		68,597				61,803				62,356				83,756				11	%		10	%		(18	)%
Consumer land or lots		96,798				95,247				97,270				98,490				2	%		—	%		(2	)%
Unimproved land		69,880				70,396				73,844				74,439				(1	)%		(5	)%		(6	)%
Developed lots for operative builders		13,256				13,845				12,336				13,697				(4	)%		7	%		(3	)%
Commercial lots		27,512				26,084				22,035				22,937				5	%		25	%		20	%
Other construction		246,753				206,343				156,784				122,347				20	%		57	%		102	%
Total land, lot, and other construction		522,796				473,718				424,625				415,666				10	%		23	%		26	%
Owner occupied		963,063				927,237				938,625				885,736				4	%		3	%		9	%
Non-owner occupied		890,981				835,272				774,192				739,057				7	%		15	%		21	%
Total commercial real estate		1,854,044				1,762,509				1,712,817				1,624,793				5	%		8	%		14	%
Commercial and industrial		697,598				705,011				649,553				619,688				(1	)%		7	%		13	%
Agriculture		425,645				421,097				367,339				386,523				1	%		16	%		10	%
1st lien		883,034				867,918				856,193				801,705				2	%		3	%		10	%
Junior lien		61,788				64,248				65,383				67,351				(4	)%		(5	)%		(8	)%
Total 1-4 family		944,822				932,166				921,576				869,056				1	%		3	%		9	%
Multifamily residential		204,395				198,583				201,542				189,944				3	%		1	%		8	%
Home equity lines of credit		399,446				388,939				372,039				359,605				3	%		7	%		11	%
Other consumer		154,547				156,568				150,469				154,095				(1	)%		3	%		—	%
Total consumer		553,993				545,507				522,508				513,700				2	%		6	%		8	%
Other		313,991				276,111				209,853				185,633				14	%		50	%		69	%
Total loans receivable, including loans held for sale		5,667,031				5,452,757				5,135,195				4,916,875				4	%		10	%		15	%
Less loans held for sale 1		(71,069		)		(74,140		)		(56,514		)		(40,456		)		(4	)%		26	%		76	%
Total loans receivable		$	5,595,962			$	5,378,617			$	5,078,681			$	4,876,419			4	%		10	%		15	%
_______
1 Loans held for sale are primarily 1st lien 1-4 family loans.

Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification
		Non-performing Assets, by Loan Type													Non- Accrual Loans			Accruing Loans 90 Days or More Past Due			Other Real Estate Owned
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015			Sep 30,  2016			Sep 30,  2016			Sep 30,  2016
Custom and owner occupied construction		$	375			390			1,016			1,048			375			—			—
Pre-sold and spec construction		250				—			—			—			250			—			—
Total residential construction		625				390			1,016			1,048			625			—			—
Land development		11,717				12,830			17,582			17,719			1,588			—			10,129
Consumer land or lots		2,196				1,656			2,250			2,430			766			—			1,430
Unimproved land		12,068				12,147			12,328			12,055			7,980			—			4,088
Developed lots for operative builders		175				176			488			492			—			—			175
Commercial lots		2,165				1,979			1,521			1,631			216			—			1,949
Other construction		—				—			4,236			4,244			—			—			—
Total land, lot and other construction		28,321				28,788			38,405			38,571			10,550			—			17,771
Owner occupied		19,970				10,503			10,952			12,719			18,190			—			1,780
Non-owner occupied		4,005				4,055			3,446			3,833			3,328			—			677
Total commercial real estate		23,975				14,558			14,398			16,552			21,518			—			2,457
Commercial and industrial		5,175				7,123			3,993			5,110			5,002			160			13
Agriculture		2,329				3,979			3,281			3,114			2,145			184			—
1st lien		9,333				11,332			10,691			11,953			6,267			817			2,249
Junior lien		1,335				1,489			668			660			1,160			35			140
Total 1-4 family		10,668				12,821			11,359			12,613			7,427			852			2,389
Multifamily residential		432				432			113			—			432			—			—
Home equity lines of credit		4,734				5,413			5,486			6,013			4,445			289			—
Other consumer		182				275			228			204			136			14			32
Total consumer		4,916				5,688			5,714			6,217			4,581			303			32
Other		1,800				1,802			1,800			1,800			—			1,800			—
Total		$	78,241			75,581			80,079			85,025			52,280			3,299			22,662

Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification (continued)
		Accruing 30-89 Days Delinquent Loans,  by Loan Type																% Change from
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016				Dec 31,  2015				Sep 30,  2015				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015
Custom and owner occupied construction		$	65			$	375			$	462			$	138			(83	)%		(86	)%		(53	)%
Pre-sold and spec construction		—				304				181				144				(100	)%		(100	)%		(100	)%
Total residential construction		65				679				643				282				(90	)%		(90	)%		(77	)%
Land development		—				37				447				—				(100	)%		(100	)%		n/m
Consumer land or lots		130				676				166				266				(81	)%		(22	)%		(51	)%
Unimproved land		857				879				774				304				(3	)%		11	%		182	%
Developed lots for operative builders		—				166				—				—				(100	)%		n/m			n/m
Other construction		7,125				—				337				—				n/m			2,014	%		n/m
Total land, lot and other construction		8,112				1,758				1,724				570				361	%		371	%		1,323	%
Owner occupied		586				2,975				2,760				2,497				(80	)%		(79	)%		(77	)%
Non-owner occupied		5,830				5,364				923				5,529				9	%		532	%		5	%
Total commercial real estate		6,416				8,339				3,683				8,026				(23	)%		74	%		(20	)%
Commercial and industrial		4,038				4,956				1,968				2,774				(19	)%		105	%		46	%
Agriculture		989				804				1,014				867				23	%		(2	)%		14	%
1st lien		3,439				2,667				6,272				2,510				29	%		(45	)%		37	%
Junior lien		977				1,251				1,077				228				(22	)%		(9	)%		329	%
Total 1-4 family		4,416				3,918				7,349				2,738				13	%		(40	)%		61	%
Multifamily Residential		—				—				662				114				n/m			(100	)%		(100	)%
Home equity lines of credit		2,383				2,253				1,046				1,599				6	%		128	%		49	%
Other consumer		943				736				1,227				811				28	%		(23	)%		16	%
Total consumer		3,326				2,989				2,273				2,410				11	%		46	%		38	%
Other		22				36				97				41				(39	)%		(77	)%		(46	)%
Total		$	27,384			$	23,479			$	19,413			$	17,822			17	%		41	%		54	%
_______
n/m - not measurable

Glacier Bancorp, Inc.
Credit Quality Summary by Regulatory Classification (continued)
		Net Charge-Offs (Recoveries), Year-to-Date Period Ending, By Loan Type													Charge-Offs			Recoveries
(Dollars in thousands)		Sep 30,  2016				Jun 30,  2016			Dec 31,  2015			Sep 30,  2015			Sep 30,  2016			Sep 30,  2016
Pre-sold and spec construction		$	(39	)		(37	)		(53	)		(34	)		—			39
Land development		(2,372		)		(2,342	)		(288	)		(293	)		29			2,401
Consumer land or lots		(487		)		(351	)		66			(8	)		25			512
Unimproved land		(114		)		(46	)		(325	)		(152	)		—			114
Developed lots for operative builders		(23		)		(54	)		(85	)		(72	)		15			38
Commercial lots		29				21			(26	)		(5	)		33			4
Other construction		—				—			(1	)		(1	)		—			—
Total land, lot and other construction		(2,967		)		(2,772	)		(659	)		(531	)		102			3,069
Owner occupied		(354		)		(51	)		247			249			32			386
Non-owner occupied		9				(3	)		93			105			13			4
Total commercial real estate		(345		)		(54	)		340			354			45			390
Commercial and industrial		(643		)		(112	)		1,389			1,011			761			1,404
Agriculture		(29		)		(1	)		50			(8	)		25			54
1st lien		132				245			834			(80	)		327			195
Junior lien		(15		)		(56	)		(125	)		(106	)		137			152
Total 1-4 family		117				189			709			(186	)		464			347
Multifamily residential		229				229			(318	)		(318	)		229			—
Home equity lines of credit		450				(25	)		740			531			696			246
Other consumer		255				149			143			39			409			154
Total consumer		705				124			883			570			1,105			400
Other		1,329				313			(1	)		—			2,601			1,272
Total		$	(1,643	)		(2,121	)		2,340			858			5,332			6,975

Visit our website at www.glacierbancorp.com 

CONTACT:  Michael J. Blodnick
(406) 751-4701
Randall M. Chesler
(406) 751-4722
Ron J. Copher
(406) 751-7706

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