| Forward-Looking Statements
This presentation contains “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements contain words such as
“anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,” “potential,” “will,”
“estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” or similar
expressions that relate to the Company’s strategy, plans or intentions. Forward-looking statements
involve certain important risks, uncertainties and other factors, any of which could cause actual
results to differ materially from those in such statements. Such factors include, without limitation,
the “Risk Factors” referenced in our most recent Form 10-K filed with the Securities and Exchange
Commission (SEC), other risks and uncertainties listed from time to time in our reports and
documents filed with the SEC, and the following factors: the impact of potential regulatory changes
to capital requirements, treatment of investment securities and FDIC deposit insurance levels and
costs; our ability to execute our business strategy, including our digital strategy, as well as
changes in our business strategy or development plans; business and economic conditions; effects
of any potential government shutdowns; economic, market, operational, liquidity, credit and interest
rate risks associated with the Company’s business, including increased competition for deposits
due to prevailing market interest rates and banking sector volatility; effects of any changes in trade,
monetary and fiscal policies and laws, including the interest rate policies of the Federal Reserve
Board; changes imposed by regulatory agencies to increase capital standards; effects of inflation,
as well as, interest rate, securities market and monetary supply fluctuations; changes in the
economy or supply-demand imbalances affecting local real estate values; changes in consumer
spending, borrowings and savings habits; changes in the fair value of our investment securities
due to market conditions outside of our control; financial or reputational impacts associated with
the increased prevalence of fraud or other financial crimes; with respect to our mortgage business,
the inability to negotiate fees with investors for the purchase of our loans or our obligation to
indemnify purchasers or repurchase related loans if the loans fail to meet certain criteria, or higher
rate of delinquencies and defaults as a result of the geographic concentration of our servicing
portfolio; the Company’s ability to identify potential candidates for, obtain regulatory approval for,
and consummate, integrate and realize operating efficiencies from, acquisitions, consolidations
and other expansion opportunities; our ability to integrate acquisitions or consolidations and to
achieve synergies, operating efficiencies and/or other expected benefits within expected time-frames, or at all, or within expected cost projections, and to preserve the goodwill of acquired
financial institutions; the Company's ability to realize anticipated benefits from enhancements or
updates to its core operating systems from time to time without significant change in client service
or risk to the Company's control environment; the Company's dependence on information
technology and telecommunications systems of third-party service providers and the risk of
systems failures, interruptions or breaches of security, including those that could result in
disclosure or misuse of confidential or proprietary client or other information; the Company’s ability
to achieve organic loan and deposit growth and the competition for, and composition of, such
growth; changes in sources and uses of funds; increased competition in the financial services
industry; regulatory and financial impacts associated with the Company growing to over $10 billion
in consolidated assets; increases in claims and litigation related to our fiduciary responsibilities in
connection with our trust and wealth management business; the effect of changes in accounting
policies and practices as may be adopted by the regulatory agencies, as well as the Public
Company Accounting Oversight Board, the Financial Accounting Standards Board (“FASB”) and
other accounting standard setters; the share price of the Company’s stock; the Company's ability
to realize deferred tax assets or the need for a valuation allowance, or the effects of changes in tax
laws on our deferred tax assets; the effects of tax legislation, including the potential of future
increases to prevailing tax rules, or challenges to our positions; continued consolidation in the
financial services industry; ability to maintain or increase market share and control expenses; costs
and effects of changes in laws and regulations and of other legal and regulatory developments,
including, but not limited to, changes in regulation that affect the fees that we charge, the resolution
of legal proceedings or regulatory or other governmental inquiries, and the results of regulatory
examinations, reviews or other inquiries, and changes in regulations that apply to us as a Colorado
state-chartered bank and a Wyoming state-chartered bank; technological changes, including with
respect to the advancement of artificial intelligence; the timely development and acceptance of new
products and services, including in the digital technology space our digital solution 2UniFi; changes
in our management personnel and the Company’s continued ability to attract, hire and maintain
qualified personnel; ability to implement and/or improve operational management and other
internal risk controls and processes and reporting system and procedures; regulatory limitations on
dividends from our bank subsidiaries; changes in estimates of future credit reserve requirements
based upon the periodic review thereof under relevant regulatory and accounting
requirements; financial, reputational, or strategic risks associated with our investments in financial
technology companies and initiatives; widespread natural and other disasters, pandemics,
dislocations, political instability, acts of war or terrorist activities, cyberattacks or international
hostilities through impacts on the economy and financial markets generally or on us or our
counterparties specifically; a cybersecurity incident, data breach or a failure of a key information
technology system; impact of reputational risk; other risks and uncertainties listed from time to time
in the Company’s reports and documents filed with the Securities and Exchange Commission; and
success at managing the risks involved in the foregoing items. The Company can give no
assurance that any goal or plan or expectation set forth in forward-looking statements can be
achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this presentation, and the Company does not intend,
and assumes no obligation, to update any forward-looking statement to reflect events or
circumstances after the date on which the statement is made or to reflect the occurrence of
unanticipated events or circumstances, except as required by applicable law.
Further Information: This presentation should be read together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and the related notes thereto
included in our Form 10-K and quarterly reports 2 |