2017 Third Quarter Highlights

• Third quarter 2017 net income totaled $11.4 million, or $0.31 per diluted common share
• Return (annualized) on average assets was 1.10% for Q3 2017
• Efficiency ratio of 50.59% for Q3 2017
• Net interest margin increased to 3.65% for Q3 2017, from 3.63% in Q2 2017

2017 Third Quarter Highlights (Non-GAAP)

• Pre-tax pre-provision return on average assets was 1.88% for Q3 2017
• Return (annualized) on average tangible common equity was 12.74% for Q3 2017
• Tangible book value per common share increased to $9.93

HOUSTON, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Green Bancorp, Inc. (NASDAQ:GNBC), the bank holding company (“Green Bancorp” or the “Company”) that operates Green Bank, N.A. (“Green Bank”), today announced results for its third quarter and nine months ended September 30, 2017.  The Company reported net income for the quarter of $11.4 million, or $0.31 per diluted common share.

Manny Mehos, Chairman and Chief Executive Officer of Green Bancorp, said, “I am pleased with our performance this quarter as we delivered solid financial metrics despite a challenging environment as Hurricane Harvey caused widespread flooding that devastated numerous local neighborhoods and proved to be a life changing event for many Houstonians.  Though the damage was extensive, it was largely confined to residential real estate and smaller, local businesses with the core of the Houston economy, and the foundation of the city, retaining its ability to recover quickly.  In fact, Houston is getting back to normal and we expect the local economy to improve as FEMA and insurance monies flow in and the process of rebuilding the areas that suffered damage gets underway.” 

Geoff Greenwade, President of Green Bancorp and Chief Executive Officer of Green Bank, commented, “Loan growth declined in the third quarter due to three factors. First, Hurricane Harvey resulted in a sharp, temporary deceleration in business activity. Second, Harvey necessitated a detailed impact analysis of the borrowers in the affected areas. This effort took the remainder of the quarter and significantly impacted the Bank’s new loan production. Third, we successfully reduced our Commercial Real Estate exposure to under 300% of regulatory capital, which we achieved in August and ended the third quarter at 288%.  The challenge, however, was to restart our CRE lending business in the midst of Hurricane Harvey which proved slow.  Looking forward, we remain confident that the Bank will return to loan growth in the fourth quarter and reiterate our outlook for 7-9% loan growth in 2018.”

Results of Operations - Quarter Ended September 30, 2017 compared with Quarter Ended June 30, 2017

Net income for the quarter ended September 30, 2017 was $11.4 million, a decrease of $1.5 million, or 11.6%, compared with $12.9 million for the quarter ended June 30, 2017. Net income per diluted common share was $0.31 for the quarter ended September 30, 2017, compared with $0.35 for the quarter ended June 30, 2017. Returns on average assets and average common equity, each on an annualized basis, for the three months ended September 30, 2017 were 1.10% and 9.90%, respectively. Green Bancorp’s efficiency ratio, which represents noninterest expense divided by the sum of net interest income and noninterest income, was 50.59% for the three months ended September 30, 2017.  The Company recorded a provision for loan losses of $2.3 million, which included $1.0 million in general reserves due to increases in qualitative factors and the loss migration component, $1.0 million in specific reserves and the remainder to acquired loans. 

Net interest income before provision for loan losses for the quarter ended September 30, 2017 increased 2.8% or $1.0 million, to $36.3 million, compared with $35.3 million for the quarter ended June 30, 2017.  The increase in net interest income was primarily due to an increase of $1.1 million, or 2.8%, in interest earned on loans due to a 9 basis point increase in the average yield and an increase of $409 thousand, or 10.4%, in interest earned on securities due to a $33.5 million, or 4.9%, increase in the average balance and a 10 basis point increase in the average yield, offset by the increases of $272 thousand in interest expense on interest bearing demand and savings due to a 8 basis point increase in the average rate, and $256 thousand in interest expense on certificates and other time deposits due to a $34.3 million increase in the average balance.   The net interest margin for the quarter ended September 30, 2017 of 3.65% increased from 3.63% for the quarter ended June 30, 2017.

Noninterest income for the quarter ended September 30, 2017 was $3.4 million, a decrease of $2.3 million, or 40.5%, from $5.7 million for the quarter ended June 30, 2017.  The decrease was primarily due to a $1.5 million increase in net loss on held for sale loans, a $626 thousand increase in net loss on sale of available for sale securities and a $508 thousand decrease in derivative income, offset by a $424 thousand increase in gain on sale of guaranteed portion of loans.

Noninterest expense for the quarter ended September 30, 2017 was $20.1 million, an increase of $456 thousand, or 2.3%, from $19.6 million for the quarter ended June 30, 2017.  The increase was primarily due to a $432 thousand increase in professional and regulatory fees and small changes in other expense categories.

Loans held for investment at September 30, 2017 were $3.1 billion, a decrease of $51.6 million, or 1.7%, when compared with June 30, 2017.  The decrease is primarily due to a $40.5 million reduction in commercial real estate loans and a $8.1 million reduction in construction and land loans.  At September 30, 2017, energy loans totaled $70.8 million, or 2.3% of total loans, excluding loans held for sale.

Loans held for sale at September 30, 2017 were $17.7 million, a decrease of $357 thousand, or 2.0%, compared with $18.0 million at June 30, 2017.  The loans held for sale include $15.5 million in energy loans.

Deposits at September 30, 2017 were $3.4 billion, an increase of $47.8 million, or 1.4%, compared with June 30, 2017.  The net increase is comprised of an increase of $59.2 million in interest-bearing transaction and savings deposits, offset by a $12.0 million decrease in time deposits.  Average deposits increased $9.5 million, or 0.3%, for the quarter ended September 30, 2017, compared with the prior quarter.

Asset Quality - Quarter Ended September 30, 2017 compared with Quarter Ended June 30, 2017

Nonperforming assets totaled $92.6 million, or 2.23% of period end total assets, at September 30, 2017, an increase of $17.1 million compared to $75.5 million, or 1.80% of period end total assets, at June 30, 2017, primarily due to downgrades of $14.6 million in energy loans held for sale.  Accruing loans classified as troubled debt restructures and included in the nonperforming asset totals were $18.3 million at September 30, 2017, compared with $7.6 million at June 30, 2017.  Real estate acquired through foreclosure totaled $802 thousand at September 30, 2017.

The allowance for loan losses was 1.09% of total loans at September 30, 2017, compared with 1.02% of total loans at June 30, 2017.  At September 30, 2017, the Company’s allowance for loans losses to total loans, excluding acquired loans that are accounted for under ASC 310-20 and ASC 310-30 and their related allowance, was 1.29%.  Further, the allowance for loan losses plus acquired loan net discount to total loans adjusted for acquired loan net discount was 1.25% as of September 30, 2017.

The Company recorded a provision for loan losses of $2.3 million for the quarter ended September 30, 2017 up from the $1.5 million provision for the loan losses recorded for the quarter ended June 30, 2017.  The third quarter of 2017 provision included $1.0 million in general reserves for the potential impact from Hurricane Harvey and $1.0 million in specific reserves.

Net charge-offs were $811 thousand, or 0.03% of total loans, for the quarter ended September 30, 2017, compared with net charge-offs of $1.5 million, or 0.05% of total loans, for the quarter ended June 30, 2017.

Results of Operations – Nine Months Ended September 30, 2017 compared with Nine Months Ended September 30, 2016

Net income for the nine months ended September 30, 2017 was $31.5 million, compared with net loss of $3.5 million for the nine months ended September 30, 2016. Net income per diluted common share was $0.85 for the nine months ended September 30, 2017, compared with net loss per diluted common share of ($0.10) for the nine months ended September 30, 2016.  The Company recorded a provision for loan losses of $10.0 million, which included $7.3 million in reserves on the energy portfolio.  The provision for loan losses was $55.2 million for the same period in 2016, which included $42.2 million related to the energy portfolio.  Net charge-offs were $2.8 million for the nine months ended September 30, 2017, compared with net charge-offs of $52.2 million for the nine months ended September 30, 2016, which included $50.9 million of energy loans.

Net interest income before provision for loan losses for the nine months ended September 30, 2017 was $104.2 million, an increase of $2.8 million, or 2.7%, compared with $101.4 million during the nine months ended September 30, 2016.  The net interest margin for the nine months ended September 30, 2017 of 3.59%, compared with 3.74% for the nine months ended September 30, 2016.

Noninterest income for the nine months ended September 30, 2017 was $14.6 million, an increase of $2.6 million, or 21.3%, compared with $12.0 million for the nine months ended September 30, 2016.  This increase was primarily due to a $2.5 million increase in customer service fees, a $1.1 million increase in gain on sale of guaranteed portion of loans and a $587 thousand increase in loan fees, offset by a $1.2 million net loss on loans held for sale. 

Noninterest expense for the nine months ended September 30, 2017 was $60.5 million, a decrease of $3.0 million, or 4.8%, compared with $63.5 million for the nine months ended September 30, 2016.  The decrease is primarily due to decreases of $2.1 million in real estate acquired by foreclosure and $1.2 million in loan related expenses and a $1.9 million favorable change in the reserve for unfunded commitments, offset by a $2.2 million increase in salaries and employee benefits.

Loans held for investment at September 30, 2017 were $3.1 billion, an increase of $24.1 million, or 0.8%, compared with $3.0 billion at September 30, 2016.  Average loans held for investment decreased $116.8 million, or 3.7%, to $3.0 billion for the nine months ended September 30, 2017, compared with $3.2 billion for the same period in 2016.  The resolution of energy and nonperforming loans during the period offset new loan production.

Deposits at September 30, 2017 were $3.4 billion, an increase of $92.4 million, or 2.8%, compared with September 30, 2016, primarily due to continued opportunities for our portfolio bankers to generate deposit growth within our target markets.  Average deposits increased $214.2 million, or 6.8%, to $3.4 billion for the nine months ended September 30, 2017, compared with the same period of 2016. Average noninterest-bearing deposits for the nine months ended September 30, 2017 were $672.3 million, an increase of $73.2 million, or 12.2%, compared with the same period in 2016.

Non-GAAP Financial Measures

Green Bancorp’s management uses certain non−GAAP (generally accepted accounting principles) financial measures to evaluate its performance.  Specifically, Green Bancorp reviews tangible book value per common share, the tangible common equity to tangible assets ratio, the return on average tangible common equity ratio, allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans, allowance for loan losses plus acquired loans net discount to total loans adjusted for acquired loan net discount, and pre-tax, pre-provision return on average assets.  Green Bancorp has included in this Earnings Release information related to these non-GAAP financial measures for the applicable periods presented.  Please refer to the “Notes to Financial Highlights” at the end of this Earnings Release for a reconciliation of these non-GAAP financial measures.

Conference Call

As previously announced, Green Bancorp will hold a conference call today, October 25, 2017, to discuss its third quarter 2017 results at 5:00 p.m. (Eastern Time).  The conference call can be accessed live over the phone by dialing 1-877-407-0789, or for international callers, 1-201-689-8562 and requesting to be joined to the Green Bancorp Third Quarter 2017 Earnings Conference Call.  A replay will be available starting at 8:00 p.m. (Eastern Time) on October 25, 2017 and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.  The passcode for the replay is 13671475.  The replay will be available until 11:59 p.m. (Eastern Time) on November 1, 2017.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the investor relations section of the Company's website at investors.greenbank.com.  The online replay will remain available for a limited time beginning immediately following the call.

To learn more about Green Bancorp, please visit the Company's website at www.greenbank.com.  Green Bancorp uses its website as a channel of distribution for material Company information.  Financial and other material information regarding Green Bancorp is routinely posted on the Company's website and is readily accessible.

About Green Bancorp, Inc.

Headquartered in Houston, Texas, Green Bancorp is a bank holding company that operates Green Bank in the Houston and Dallas metropolitan areas and Austin, Louisville and Honey Grove.  Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Forward Looking Statement

The information presented herein and in other documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 giving Green Bancorp’s expectations or predictions of future financial or business performance or conditions.  Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions.  These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements.

You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date such statements are made.  These statements may relate to future financial performance, strategic plans or objectives, revenues or earnings projections, or other financial information.  By their nature, these statements are subject to numerous uncertainties that could cause actual results to differ materially from those anticipated in the statements. Statements about the expected timing, completion and effects of the proposed transactions and all other statements in this release other than historical facts constitute forward-looking statements.

In addition to factors previously disclosed in Green Bancorp’s reports filed with the SEC and those identified elsewhere in this communication, the following factors among others, could cause actual results to differ materially from forward-looking statements: changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

Green Bancorp, Inc.
Financial Highlights
(Unaudited)
		Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016
		(Dollars in thousands)
Period End Balance Sheet Data:
Cash and cash equivalents		$	179,463			$	134,995			$	255,581			$	389,007			$	313,366
Securities			707,989				718,750				589,468				310,124				318,289
Other investments			22,443				26,002				19,057				18,649				18,621
Loans held for sale			17,673				18,030				17,350				23,989				38,934
Loans held for investment			3,071,761				3,123,355				3,012,275				3,098,220				3,047,618
Allowance for loan losses			(33,480	)			(31,991	)			(31,936	)			(26,364	)			(35,911	)
Goodwill			85,291				85,291				85,291				85,291				85,291
Core deposit intangibles, net			8,835				9,215				9,595				9,975				10,356
Real estate acquired through foreclosure			802				921				1,356				5,220				2,801
Premises and equipment, net			29,733				30,108				30,604				25,674				26,164
Other assets			70,415				71,021				83,359				85,037				104,307
Total assets		$	4,160,925			$	4,185,697			$	4,072,000			$	4,024,822			$	3,929,836
Noninterest-bearing deposits		$	684,329			$	683,656			$	705,480			$	650,064			$	618,408
Interest-bearing transaction and savings deposits			1,383,514				1,324,307				1,404,988				1,359,187				1,304,547
Certificates and other time deposits			1,340,410				1,352,459				1,305,670				1,365,449				1,392,944
Total deposits			3,408,253				3,360,422				3,416,138				3,374,700				3,315,899
Securities sold under agreements to repurchase			5,867				5,221				4,316				3,493				2,855
Other borrowed funds			215,000				305,000				150,000				150,000				150,000
Subordinated debentures and subordinated notes			47,596				47,454				47,304				47,492				13,502
Other liabilities			21,898				15,859				16,954				18,655				21,365
Total liabilities			3,698,614				3,733,956				3,634,712				3,594,340				3,503,621
Shareholders' equity			462,311				451,741				437,288				430,482				426,215
Total liabilities and equity		$	4,160,925			$	4,185,697			$	4,072,000			$	4,024,822			$	3,929,836

		For the Quarter Ended																			For the  Nine Months Ended
		Sep 30, 2017				Jun 30, 2017			Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Sep 30, 2017				Sep 30, 2016
		(Dollars in thousands)
Income Statement Data:
Interest income:
Loans, including fees		$	39,549			$	38,476		$	36,371			$	36,469			$	37,897			$	114,396			$	112,953
Securities			4,337				3,928			2,583				1,151				989				10,848				3,058
Other investments			221				197			188				184				199				606				577
Deposits in financial institutions and fed funds sold			432				331			409				522				347				1,172				630
Total interest income			44,539				42,932			39,551				38,326				39,432				127,022				117,218
Interest expense:
Transaction and savings deposits			2,502				2,230			1,978				1,750				1,537				6,710				3,999
Certificates and other time deposits			4,042				3,786			3,607				3,766				3,791				11,435				10,256
Subordinated debentures and subordinated notes			1,059				1,051			1,041				456				246				3,151				726
Other borrowed funds			657				560			282				170				183				1,499				793
Total interest expense			8,260				7,627			6,908				6,142				5,757				22,795				15,774
Net interest income			36,279				35,305			32,643				32,184				33,675				104,227				101,444
Provision for loan losses			2,300				1,510			6,145				9,500				28,200				9,955				55,200
Net interest income after provision for loan losses			33,979				33,795			26,498				22,684				5,475				94,272				46,244
Noninterest income:
Customer service fees			2,365				2,199			2,266				1,755				1,523				6,830				4,374
Loan fees			871				1,106			834				750				806				2,811				2,224
(Loss) gain on sale of available-for-sale securities, net			(332	)			294			-				-				-				(38	)			-
(Loss) gain on held for sale loans, net			(1,294	)			222			(138	)			(1,445	)			-				(1,210	)			41
Gain on sale of guaranteed portion of loans, net			1,302				878			1,927				379				968				4,107				2,964
Other			478				1,000			606				729				794				2,084				2,425
Total noninterest income			3,390				5,699			5,495				2,168				4,091				14,584				12,028
Noninterest expense:
Salaries and employee benefits			12,487				12,653			12,406				11,804				11,925				37,546				35,365
Occupancy			2,080				2,048			1,997				2,060				2,194				6,125				6,259
Professional and regulatory fees			2,331				1,899			2,397				2,421				2,180				6,627				6,537
Data processing			924				995			908				1,023				921				2,827				2,836
Software license and maintenance			464				438			489				571				580				1,391				1,584
Marketing			154				163			199				232				283				516				882
Loan related			271				301			600				1,464				1,287				1,172				2,331
Real estate acquired by foreclosure, net			159				223			292				382				2,105				674				2,786
Other			1,197				891			1,551				996				1,908				3,639				4,965
Total noninterest expense			20,067				19,611			20,839				20,953				23,383				60,517				63,545
Income (loss) before income taxes			17,302				19,883			11,154				3,899				(13,817	)			48,339				(5,273	)
Provision (benefit) for income taxes			5,895				6,985			3,942				1,355				(4,831	)			16,822				(1,757	)
Net income (loss)		$	11,407			$	12,898		$	7,212			$	2,544			$	(8,986	)		$	31,517			$	(3,516	)

		As of and For the Quarter Ended																As of and For the Nine Months Ended
		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016				Sep 30, 2017			Sep 30, 2016
		(Dollars in thousands, except per share data)
Per Share Data (Common Stock):
Basic earnings (loss) per common share		$	0.31		$	0.35		$	0.19		$	0.07		$	(0.25	)		$	0.85		$	(0.10	)
Diluted earnings (loss) per share			0.31			0.35			0.19			0.07			(0.25	)			0.85			(0.10	)
Book value per common share			12.46			12.20			11.81			11.64			11.62				12.46			11.62
Tangible book value per common share (1)			9.93			9.65			9.25			9.06			9.01				9.93			9.01
Common Stock Data:
Shares outstanding at period end			37,096			37,035			37,015			36,988			36,683				37,096			36,683
Weighted average basic shares outstanding for the period			37,056			37,023			36,990			36,731			36,657				37,023			36,659
Weighted average diluted shares outstanding for the period			37,332			37,264			37,238			36,937			36,657				37,273			36,659
Selected Performance Metrics:
Return on average assets(2)			1.10	%		1.26	%		0.73	%		0.25	%		(0.92	)	%		1.03	%		(0.12	)	%
Pre-tax, pre-provision return on average assets(1)(2)			1.88			2.09			1.75			1.34			1.47				1.91			1.74
Return on average equity(2)			9.90			11.62			6.71			2.37			(8.23	)			9.44			(1.07	)
Return on average tangible common equity(1)(2)			12.74			15.04			8.91			3.35			(10.25	)			12.27			(1.06	)
Efficiency ratio			50.59			47.83			54.64			60.99			61.92				50.94			56.00
Loans to deposits ratio			90.13			92.95			88.18			91.81			91.91				90.13			91.91
Noninterest expense to average assets(2)			1.93			1.92			2.10			2.10			2.39				1.98			2.22
Green Bancorp Capital Ratios:
Average shareholders’ equity to average total assets			11.1	%		10.9	%		10.8	%		10.8	%		11.2		%		10.9	%		11.5		%
Tier 1 capital to average assets (leverage)			9.5			9.3			9.1			9.1			9.1				9.5			9.1
Common equity tier 1 capital			10.6			10.1			10.0			9.7			9.5				10.6			9.5
Tier 1 capital to risk-weighted assets			11.0			10.5			10.4			10.1			9.8				11.0			9.8
Total capital to risk-weighted assets			12.9			12.4			12.3			11.8			10.9				12.9			10.9
Tangible common equity to tangible assets (1)			9.1			8.7			8.6			8.5			8.6				9.1			8.6
Green Bank Capital Ratios:
Tier 1 capital to average assets (leverage)			10.1	%		9.6	%		9.1	%		9.0	%		9.0		%		10.1	%		9.0		%
Common equity tier 1 capital			11.8			10.9			10.4			10.0			9.7				11.8			9.7
Tier 1 capital to risk-weighted assets			11.8			10.9			10.4			10.0			9.7				11.8			9.7
Total capital to risk-weighted assets			12.6			11.7			11.2			10.8			10.7				12.6			10.7

⁽¹⁾ Refer to “Notes to Financial Highlights” at the end of this Earnings Release for a reconciliation of this non-GAAP financial measure. 
⁽²⁾ Annualized ratio.

		For the Quarter Ended
		September 30, 2017										June 30, 2017										September 30, 2016
		Average Outstanding Balance				Interest Earned/  Interest Paid			Average Yield/ Rate			Average Outstanding Balance				Interest Earned/  Interest Paid			Average Yield/ Rate			Average Outstanding Balance				Interest Earned/  Interest Paid			Average Yield/ Rate
		(Dollars in thousands)
Assets
Interest-Earning Assets:
Loans		$	3,071,039			$	39,549		5.11	%		$	3,072,674			$	38,476		5.02	%		$	3,161,987			$	37,897		4.77	%
Securities			712,431				4,337		2.42				678,886				3,928		2.32				249,174				989		1.58
Other investments			26,009				221		3.37				22,932				197		3.45				18,593				199		4.26
Interest earning deposits in financial institutions and federal funds sold			134,868				432		1.27				124,663				331		1.06				269,541				347		0.51
Total interest-earning assets			3,944,347				44,539		4.48	%			3,899,155				42,932		4.42	%			3,699,295				39,432		4.24	%
Allowance for loan losses			(32,395	)									(32,036	)									(47,534	)
Noninterest-earning assets			219,754										229,267										242,366
Total assets		$	4,131,706									$	4,096,386									$	3,894,127
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand and savings deposits		$	1,349,701			$	2,502		0.74	%		$	1,361,929			$	2,230		0.66	%		$	1,253,333			$	1,537		0.49	%
Certificates and other time deposits			1,343,732				4,042		1.19				1,309,477				3,786		1.16				1,409,269				3,791		1.07
Securities sold under agreements to repurchase			5,943				2		0.13				4,457				2		0.18				3,158				1		0.13
Other borrowed funds			227,936				655		1.14				217,896				558		1.03				150,000				182		0.48
Subordinated debentures and subordinated notes			47,531				1,059		8.84				47,376				1,051		8.90				13,451				246		7.28
Total interest-bearing liabilities			2,974,843				8,260		1.10	%			2,941,135				7,627		1.04	%			2,829,211				5,757		0.81	%
Noninterest-bearing liabilities:
Noninterest-bearing demand deposits			679,851										692,379										609,553
Other liabilities			19,709										17,538										20,743
Total liabilities			3,674,403										3,651,052										3,459,507
Shareholders’ equity			457,303										445,334										434,620
Total liabilities and  shareholders’ equity		$	4,131,706									$	4,096,386									$	3,894,127
Net interest rate spread									3.38	%									3.38	%									3.43	%
Net interest income and margin(1)						$	36,279		3.65	%						$	35,305		3.63	%						$	33,675		3.62	%

⁽¹⁾ Net interest margin is equal to net interest income divided by interest-earning assets.

		For the Nine Months Ended September 30,
		2017										2016
		Average Outstanding Balance				Interest Earned/  Interest Paid			Average Yield/ Rate			Average Outstanding Balance				Interest Earned/  Interest Paid			Average Yield/ Rate
		(Dollars in thousands)
Assets
Interest-Earning Assets:
Loans		$	3,059,750			$	114,396		5.00	%		$	3,158,391			$	112,953		4.78	%
Securities			654,913				10,848		2.21				276,252				3,058		1.48
Other investments			22,642				606		3.58				21,865				577		3.52
Interest earning deposits in financial institutions and federal funds sold			148,461				1,172		1.06				163,459				630		0.51
Total interest-earning assets			3,885,766				127,022		4.37	%			3,619,967				117,218		4.33	%
Allowance for loan losses			(30,717	)									(40,902	)
Noninterest-earning assets			226,984										243,657
Total assets		$	4,082,033									$	3,822,722
Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing demand and savings deposits		$	1,364,649			$	6,710		0.66	%		$	1,157,704			$	3,999		0.46	%
Certificates and other time deposits			1,326,247				11,435		1.15				1,392,152				10,256		0.98
Securities sold under agreements to repurchase			4,640				5		0.14				3,651				4		0.15
Other borrowed funds			202,449				1,494		0.99				198,693				789		0.53
Subordinated debentures			47,486				3,151		8.87				13,347				726		7.27
Total interest-bearing liabilities			2,945,471				22,795		1.03	%			2,765,547				15,774		0.76	%
Noninterest-bearing liabilities:
Noninterest-bearing demand deposits			672,278										599,120
Other liabilities			18,094										18,062
Total liabilities			3,635,843										3,382,729
Shareholders’ equity			446,190										439,993
Total liabilities and  shareholders’ equity		$	4,082,033									$	3,822,722
Net interest rate spread									3.34	%									3.57	%
Net interest income and margin(1)						$	104,227		3.59	%						$	101,444		3.74	%

⁽¹⁾ Net interest margin is equal to net interest income divided by interest-earning assets.

Yield Trend
		For the Quarter Ended
		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016
Average yield on interest-earning assets:
Loans, including fees		5.11	%	5.02	%	4.86	%	4.71	%	4.77	%
Securities		2.42		2.32		1.83		1.45		1.58
Other investments		3.37		3.45		4.03		3.93		4.26
Interest-earning deposits in financial institutions and federal funds sold		1.27		1.06		0.89		0.58		0.51
Total interest-earning assets		4.48	%	4.42	%	4.21	%	4.05	%	4.24	%
Average rate on interest-bearing liabilities:
Interest bearing transaction and savings		0.74	%	0.66	%	0.58	%	0.52	%	0.49	%
Certificates and other time deposits		1.19		1.16		1.10		1.08		1.07
Other borrowed funds		1.11		1.01		0.70		0.44		0.48
Subordinated debentures		8.84		8.90		8.88		8.10		7.28
Total interest-bearing liabilities		1.10	%	1.04	%	0.96	%	0.85	%	0.81	%
Net interest rate spread		3.38	%	3.38	%	3.25	%	3.20	%	3.43	%
Net interest margin (1)		3.65	%	3.63	%	3.47	%	3.40	%	3.62	%

⁽¹⁾ Net interest margin is equal to net interest income divided by interest-earning assets.

Supplemental Yield Trend
		For the Quarter Ended
		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016
Average yield on loans, excluding fees and discounts (2)		4.69	%	4.59	%	4.42	%	4.29	%	4.20	%
Average cost of interest-bearing deposits		0.96		0.90		0.84		0.81		0.80
Average cost of total deposits, including noninterest-bearing		0.77		0.72		0.68		0.66		0.65

⁽²⁾ Average yield on loans, excluding fees and discounts, is equal to loan interest income divided by average loan principal.

Portfolio Composition
		Sep 30, 2017						Jun 30, 2017						Mar 31, 2017						Dec 31, 2016						Sep 30, 2016
		(Dollars in thousands)
Period End Balances
Commercial & industrial		$	1,148,850		37.4	%		$	1,144,332		36.6	%		$	1,012,982		33.6	%		$	1,053,925		34.0	%		$	1,004,414		33.0	%
Real Estate:
Owner occupied commercial			408,398		13.3				407,317		13.0				415,595		13.8				394,210		12.7				387,032		12.7
Commercial			1,068,742		34.8				1,109,237		35.5				1,129,031		37.5				1,143,751		36.9				1,109,642		36.4
Construction, land & land development			193,856		6.3				201,992		6.5				201,946		6.7				249,704		8.1				278,323		9.1
Residential mortgage			235,089		7.7				239,834		7.7				241,839		8.0				245,191		7.9				256,840		8.4
Consumer and Other			16,826		0.5				20,643		0.7				10,882		0.4				11,439		0.4				11,367		0.4
Total loans held for investment		$	3,071,761		100.0	%		$	3,123,355		100.0	%		$	3,012,275		100.0	%		$	3,098,220		100.0	%		$	3,047,618		100.0	%
Deposits:
Noninterest-bearing		$	684,329		20.1	%		$	683,656		20.3	%		$	705,480		20.7	%		$	650,064		19.3	%		$	618,408		18.6	%
Interest-bearing transaction			201,860		5.9				207,106		6.2				208,213		6.1				168,994		5.0				171,457		5.2
Money market			1,085,433		31.9				1,016,453		30.3				1,089,699		31.9				1,084,350		32.1				1,019,901		30.8
Savings			96,221		2.8				100,748		3.0				107,076		3.1				105,843		3.1				113,189		3.4
Certificates and other time deposits			1,340,410		39.3				1,352,459		40.2				1,305,670		38.2				1,365,449		40.5				1,392,944		42.0
Total deposits		$	3,408,253		100.0	%		$	3,360,422		100.0	%		$	3,416,138		100.0	%		$	3,374,700		100.0	%		$	3,315,899		100.0	%
Loan to Deposit Ratio			90.1	%					92.9	%					88.2	%					91.8	%					91.9	%

Asset Quality
		As of and for the Quarter Ended																				As of and for the  Nine Months Ended
		Sep 30, 2017				Jun 30, 2017				Mar 31, 2017				Dec 31, 2016				Sep 30, 2016				Sep 30, 2017				Sep 30, 2016
		(Dollars in thousands)
Nonperforming Assets:
Nonaccrual loans		$	43,656			$	43,257			$	59,338			$	66,673			$	84,491			$	43,656			$	84,491
Accruing loans 90 or more days past due			4,828				2,651				5,500				1,169				3,664				4,828				3,664
Restructured loans—nonaccrual			10,555				19,362				10,276				10,133				8,961				10,555				8,961
Restructured loans—accrual			18,251				7,637				11,068				16,518				5,378				18,251				5,378
Total nonperforming loans			77,290				72,907				86,182				94,493				102,494				77,290				102,494
Nonperforming loans held for sale			14,552				1,700				-				6,598				24,773				14,552				24,773
Real estate acquired through foreclosure			802				921				1,356				5,220				2,801				802				2,801
Total nonperforming assets		$	92,644			$	75,528			$	87,538			$	106,311			$	130,068			$	92,644			$	130,068
Charge-offs:
Commercial and industrial		$	(840	)		$	(466	)		$	(1,312	)		$	(17,378	)		$	(37,789	)		$	(2,618	)		$	(51,005	)
Owner occupied commercial real estate			-				(961	)			-				(250	)			(978	)			(961	)			(1,155	)
Commercial real estate			-				-				-				-				(492	)			-				(492	)
Construction, land & land development			-				-				(95	)			(1,631	)			-				(95	)			-
Residential mortgage			-				-				-				(30	)			(512	)			-				(518	)
Other consumer			(10	)			(126	)			(8	)			(15	)			(54	)			(144	)			(111	)
Total charge-offs			(850	)			(1,553	)			(1,415	)			(19,304	)			(39,825	)			(3,818	)			(53,281	)
Recoveries:
Commercial and industrial		$	12			$	73			$	585			$	206			$	37			$	670			$	794
Owner occupied commercial real estate			-				-				4				-				17				4				17
Commercial real estate			4				3				-				-				-				7				-
Construction, land & land development			1				-				74				5				6				75				79
Residential mortgage			21				16				57				33				45				94				122
Other consumer			1				6				122				13				11				129				33
Total recoveries			39				98				842				257				116				979				1,045
Net (charge-offs) recoveries		$	(811	)		$	(1,455	)		$	(573	)		$	(19,047	)		$	(39,709	)		$	(2,839	)		$	(52,236	)
Allowance for loan losses at end of period		$	33,480			$	31,991			$	31,936			$	26,364			$	35,911			$	33,480			$	35,911
Asset Quality Ratios:
Nonperforming assets to total assets			2.23		%		1.80		%		2.15		%		2.64		%		3.31		%		2.23		%		3.31		%
Nonperforming loans to total loans			2.52				2.33				2.86				3.05				3.36				2.52				3.36
Total classified assets to total regulatory capital			32.21				28.70				38.00				39.09				54.12				32.21				54.12
Allowance for loan losses to total loans			1.09				1.02				1.06				0.85				1.18				1.09				1.18
Net charge-offs (recoveries) to average loans outstanding			0.03				0.05				0.02				0.63				1.26				0.09				1.65

Green Bancorp, Inc.
Notes to Financial Highlights
(Unaudited)

We identify certain financial measures discussed in this release as being “non‑GAAP financial measures.” In accordance with the SEC’s rules, we classify a financial measure as being a non‑GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles as in effect from time to time in the United States in our statements of income, balance sheet or statements of cash flows. Non‑GAAP financial measures do not include operating and other statistical measures or ratios or statistical measures calculated using exclusively either financial measures calculated in accordance with GAAP, operating measures or other measures that are not non‑GAAP financial measures or both.

The non‑GAAP financial measures that we discuss in this release should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non‑GAAP financial measures that we discuss in this release may differ from that of other companies reporting measures with similar names. You should understand how such other banking organizations calculate their financial measures similar or with names similar to the non‑GAAP financial measures we have discussed in this release when comparing such non‑GAAP financial measures.

Tangible Book Value Per Common Share.  Tangible book value is a non‑GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate: (a) tangible common equity as shareholders’ equity less goodwill and core deposit intangibles, net of accumulated amortization; and (b) tangible book value per common share as tangible common equity (as described in clause (a)) divided by shares of common stock outstanding. For tangible book value, the most directly comparable financial measure calculated in accordance with GAAP is our book value.

We believe that this measure is important to many investors in the marketplace who are interested in changes from period to period in book value per common share exclusive of changes in intangible assets. Goodwill and other intangible assets have the effect of increasing total book value while not increasing our tangible book value.

The following table reconciles, as of the dates set forth below, total shareholders’ equity to tangible common equity and presents our tangible book value per common share compared with our book value per common share:

		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016
		(Dollars in thousands, except per share data)
Tangible Common Equity
Total shareholders’ equity		$	462,311		$	451,741		$	437,288		$	430,482		$	426,215
Adjustments:
Goodwill			85,291			85,291			85,291			85,291			85,291
Core deposit intangibles			8,835			9,215			9,595			9,975			10,356
Tangible common equity		$	368,185		$	357,235		$	342,402		$	335,216		$	330,568
Common shares outstanding (1)			37,096			37,035			37,015			36,988			36,683
Book value per common share (1)		$	12.46		$	12.20		$	11.81		$	11.64		$	11.62
Tangible book value per common share (1)		$	9.93		$	9.65		$	9.25		$	9.06		$	9.01

⁽¹⁾ Excludes the dilutive effect of common stock issuable upon exercise of outstanding stock options.  The number of exercisable options outstanding was 467,257 as of Sep 30, 2017; 465,281 as of Jun 30, 2017; 472,653 as of Mar 31, 2017; 493,241 as of Dec 31, 2016; and 792,619 as of Sep 30, 2016.

Tangible Common Equity to Tangible Assets.  Tangible common equity to tangible assets is a non‑GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate: (a) tangible common equity as shareholders’ equity less goodwill and core deposit intangibles, net of accumulated amortization; (b) tangible assets as total assets less goodwill and core deposit intangibles, net of accumulated amortization; and (c) tangible common equity to tangible assets as tangible common equity (as described in clause (a)) divided by tangible assets (as described in clause (b)). For common equity to tangible assets, the most directly comparable financial measure calculated in accordance with GAAP is total shareholders’ equity to total assets.

We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period in common equity and total assets, each exclusive of changes in intangible assets. Goodwill and other intangible assets have the effect of increasing both total shareholders’ equity and assets while not increasing our tangible common equity or tangible assets.

The following table reconciles, as of the dates set forth below, total shareholders’ equity to tangible common equity and total assets to tangible assets and presents our tangible common equity to tangible assets:

		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016
		(Dollars in thousands)
Tangible Common Equity
Total shareholders’ equity		$	462,311		$	451,741		$	437,288		$	430,482		$	426,215
Adjustments:
Goodwill			85,291			85,291			85,291			85,291			85,291
Core deposit intangibles			8,835			9,215			9,595			9,975			10,356
Tangible common equity		$	368,185		$	357,235		$	342,402		$	335,216		$	330,568
Tangible Assets
Total assets		$	4,160,925		$	4,185,697		$	4,072,000		$	4,024,822		$	3,929,836
Adjustments:
Goodwill			85,291			85,291			85,291			85,291			85,291
Core deposit intangibles			8,835			9,215			9,595			9,975			10,356
Tangible assets		$	4,066,799		$	4,091,191		$	3,977,114		$	3,929,556		$	3,834,189
Tangible Common Equity to Tangible Assets			9.05	%		8.73	%		8.61	%		8.53	%		8.62	%

Return on Average Tangible Common Equity.  Return on average tangible common equity is a non‑GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. We calculate: (a) average tangible common equity as average shareholders’ equity less average goodwill and average core deposit intangibles, net of accumulated amortization; (b) net income less the effect of intangible assets as net income plus amortization of core deposit intangibles, net of taxes; and (c) return (as described in clause (a)) divided by average tangible common equity (as described in clause (b)). For return on average tangible common equity, the most directly comparable financial measure calculated in accordance with GAAP is return on average equity.

We believe that this measure is important to many investors in the marketplace who are interested in the return on common equity, exclusive of the impact of intangible assets.  Goodwill and other intangible assets, including core deposit intangibles, have the effect of increasing total shareholders’ equity, while not increasing our tangible common equity.  This measure is particularly relevant to acquisitive institutions who may have higher balances in goodwill and other intangible assets than non-acquisitive institutions.

The following table reconciles, as of the dates set forth below, average tangible common equity to average common equity and net income excluding amortization of core deposit intangibles, net of tax to net income and presents our return on average tangible common equity:

		For the Quarter Ended																For the  Nine Months Ended
		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016				Sep 30, 2017			Sep 30, 2016
		(Dollars in thousands)
Net income (loss) adjusted for amortization of core deposit intangibles
Net income (loss)		$	11,407		$	12,898		$	7,212		$	2,544		$	(8,986	)		$	31,517		$	(3,516	)
Adjustments:
Plus: Amortization of core deposit intangibles			380			380			380			382			402				1,140			1,205
Less: Tax benefit at the statutory rate			133			133			133			134			141				399			422
Net income (loss) adjusted for amortization of core deposit intangibles		$	11,654		$	13,145		$	7,459		$	2,792		$	(8,725	)		$	32,258		$	(2,733	)
Average Tangible Common Equity
Total average shareholders’ equity		$	457,303		$	445,334		$	435,695		$	427,550		$	434,620			$	446,190		$	439,993
Adjustments:
Average goodwill			85,291			85,291			85,291			85,291			85,291				85,291			85,290
Average core deposit intangibles			9,065			9,461			9,844			10,223			10,618				9,454			11,018
Average tangible common equity		$	362,947		$	350,582		$	340,560		$	332,036		$	338,711			$	351,445		$	343,685
Return on Average Tangible Common Equity (Annualized)			12.74	%		15.04	%		8.91	%		3.35	%		(10.25	)	%		12.27	%		(1.06	)	%

Allowance for Loan Losses less Allowance for Loan Losses on Acquired Loans to Total Loans excluding Acquired Loans.  The allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans is a non‑GAAP measure used by management to evaluate the Company’s financial condition.  Due to the application of purchase accounting, we use this non-GAAP ratio that excludes that impact of these items to evaluate our allowance for loan losses to total loans.  We calculate: (a) total allowance for loan losses less allowance for loan losses on acquired loans as allowance for loan losses less the allowance for loan losses on acquired loans; (b) total loans excluding acquired loans as total loans less the carrying value of acquired loans accounted for under ASC topics 310-20 and 310-30; and (c) allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans as the allowance for loan losses less allowance for loan losses on acquired loans (as calculated in clause (a)) divided by total loans excluding acquired loans (as calculated in clause (b)).  For allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans, the most directly comparable financial measure calculated in accordance with GAAP is allowance for loan losses to total loans.

We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period in the allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans.  The acquired loans may have a premium or discount associated with them that includes a potential credit loss component with similar characteristics to the allowance for loan losses.  This measure reports the allowance for loan loss coverage to only those loans not accounted for pursuant to ASC topics 310-20 and 310-30 which may assist the investor in evaluating the allowance coverage of loans excluding acquired loans.

The following table reconciles, as of the dates set forth below, allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans:

		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016
		(Dollars in thousands)
Allowance for loan losses less allowance for loan losses on acquired loans
Allowance for loan losses		$	33,480		$	31,991		$	31,936		$	26,364		$	35,911
Less: Allowance for loan losses on acquired loans			1,326			1,462			2,825			2,509			5,235
Total allowance for loan losses less allowance for loan losses on acquired loans		$	32,154		$	30,529		$	29,111		$	23,855		$	30,676
Total loans excluding acquired loans
Total loans		$	3,071,761		$	3,123,355		$	3,012,275		$	3,098,220		$	3,047,618
Less: Carrying value of acquired loans accounted for under ASC Topics 310-20 and 310-30			586,522			646,601			730,064			796,292			895,559
Total loans excluding acquired loans		$	2,485,239		$	2,476,754		$	2,282,211		$	2,301,928		$	2,152,059
Allowance for loan losses less allowance for loan losses on acquired loans to total loans excluding acquired loans			1.29	%		1.23	%		1.28	%		1.04	%		1.43	%

Allowance for Loan Losses plus Acquired Loan Net Discount to Total Loans adjusted for Acquired Loan Net Discount.  Allowance for loan losses plus acquired loan net discount to total loans adjusted for acquired loan net discount is a non‑GAAP measure used by management to evaluate the Company’s financial condition. We calculate: (a) allowance for loan losses plus acquired loan net discount as allowance for loan losses plus acquired loan net discount, net of accumulated amortization; (b) total loans adjusted for acquired loan net discount as total loans plus acquired loan net discount, net of accumulated amortization; and (c) allowance for loan losses plus acquired loan net discount to total loans adjusted for acquired loan net discount as allowance for loan losses plus acquired loan net discount (as calculated in clause (a)) divided by total loans adjusted for acquired loan net discount (as calculated in clause (b)).  For allowance for loan losses to total loans excluding acquired loans, the most directly comparable financial measure calculated in accordance with GAAP is allowance for loan losses to total loans.

We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period in the allowance for loan losses plus the acquired loan net discount to total loans adjusted for the acquired loan net discount.  This measure reports the combined allowance for loan loss and acquired loan net discount (or premium) as a percentage of loans inclusive of the acquired loan net discount (or premium) which may assist the investor in evaluating allowance coverage on loans inclusive of additional discount or premium resulting from purchase accounting adjustments.

The following table reconciles, as of the dates set forth below, allowance for loan losses plus acquired loans net discount to total loans adjusted for acquired loan net discount:

		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016
		(Dollars in thousands)
Allowance for loan losses plus acquired loan net discount
Allowance for loan losses at end of period		$	33,480		$	31,991		$	31,936		$	26,364		$	35,911
Plus: Net discount on acquired loans			5,112			6,240			7,314			9,937			13,698
Total allowance plus acquired loan net discount		$	38,592		$	38,231		$	39,250		$	36,301		$	49,609
Total loans adjusted for acquired loan net discount
Total loans		$	3,071,761		$	3,123,355		$	3,012,275		$	3,098,220		$	3,047,618
Plus: Net discount on acquired loans			5,112			6,240			7,314			9,937			13,698
Total loans adjusted for acquired loan net discount		$	3,076,873		$	3,129,595		$	3,019,589		$	3,108,157		$	3,061,316
Allowance for loan losses plus acquired loan net discount loans to total loans adjusted for acquired loan net discount			1.25	%		1.22	%		1.30	%		1.17	%		1.62	%

Pre-tax, Pre-provision Return on Average Assets.  Pre-tax, pre-provision return on average assets is a non‑GAAP measure used by management to evaluate the Company’s financial performance. We calculate: (a) pre-tax, pre-provision net income as net income (loss) plus provision (benefit) for income taxes, plus provision for loan losses and (b) return (as described in clause (a)) divided by total average assets.  For pre-tax, pre-provision net income, the most directly comparable financial measure calculated in accordance with GAAP is net income and for pre-tax, pre-provision return on average assets is return on average assets.

We believe that this measure is important to many investors in the marketplace who are interested in understanding the operating performance of the company before provision for loan losses, which can vary from quarter to quarter, and income taxes.  

The following table reconciles, as of the dates set forth below, pre-tax, pre-provision return on average assets:

		For the Quarter Ended																For the   Nine Months Ended
		Sep 30, 2017			Jun 30, 2017			Mar 31, 2017			Dec 31, 2016			Sep 30, 2016				Sep 30, 2017			Sep 30, 2016
		(Dollars in thousands)
Pre-Tax, Pre-Provision Net Income
Net Income (loss)		$	11,407		$	12,898		$	7,212		$	2,544		$	(8,986	)		$	31,517		$	(3,516	)
Plus: Provision (benefit) for income taxes			5,895			6,985			3,942			1,355			(4,831	)			16,822			(1,757	)
Plus: Provision for loan losses			2,300			1,510			6,145			9,500			28,200				9,955			55,200
Total pre-tax, pre-provision net income		$	19,602		$	21,393		$	17,299		$	13,399		$	14,383			$	58,294		$	49,927
Total Average Assets		$	4,131,706		$	4,096,386		$	4,016,744		$	3,974,244		$	3,894,127			$	4,082,033		$	3,822,722
Pre-Tax, Pre-Provision Return on Average Assets (Annualized)			1.88	%		2.09	%		1.75	%		1.34	%		1.47		%		1.91	%		1.74		%

 

Media Contact:
Mike Barone
713-275-8243
mbarone@greenbank.com

Investor Relations:
713-275-8220
investors@greenbank.com

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