Management of Interest Rate Risk and Market Risk The majority of our assets and liabilities are sensitive to changes in interest rates and as such, interest rate risk is a significant form of market risk that we must manage. Interest rate risk is generally defined in regulatory nomenclature as the risk to earnings or capital arising from the movement of interest rates and arises from several risk factors including re-pricing risk, basis risk, yield curve risk and option risk. We maintain an Asset/Liability Management (“ALM”) program in order to manage our interest rate risk. The program is overseen by the Board of Directors through its Interest Rate Risk Management Committee, which has assigned the responsibility for the operational aspects of the ALM program to our Asset/Liability Management Committee (“ALCO”), which is comprised of various members of the senior and executive management team. The quantitative analysis that we conduct measures interest rate risk from both a capital and earnings perspective. With regard to earnings, movements in interest rates and the shape of the yield curve significantly influence the amount of net interest income (“NII”) that we recognize. Movements in market interest rates, and the effect of such movements on the risk factors noted above, significantly influence the spread between the interest earned on our interest-earning assets and the interest paid on our interest-bearing liabilities. Our internal interest rate risk analysis calculates the sensitivity of our projected NII over a one year period utilizing a static balance sheet assumption through which incoming and outgoing asset and liability cash flows are reinvested into similar instruments. Product pricing and earning asset prepayment speeds are appropriately adjusted for each rate scenario. With regard to capital, our internal interest rate risk analysis calculates the sensitivity of our Economic Value of Equity (“EVE”) to movements in interest rates. EVE represents the present value of the expected cash flows from our assets less the present value of the expected cash flows arising from our liabilities adjusted for the value of off-balance sheet instruments. EVE attempts to quantify our economic value using a discounted cash flow methodology. The degree to which our EVE changes for any hypothetical interest rate scenario from its base case measurement is a reflection of our sensitivity to interest rate risk. For both earnings and capital at risk our interest rate risk analysis calculates a base case scenario that assumes no change in interest rates. The model then measures changes throughout a series of interest rate scenarios representing immediate and permanent, parallel shifts in the yield curve up and down 100, 200 and 300 basis points with additional scenarios modeled where appropriate. The model requires that interest rates remain positive for all points along the yield curve for each rate scenario which may preclude the modeling of certain falling rate scenarios during periods of lower market interest rates. 53 Table of Contents The following tables present the results of our internal EVE and NII analyses as of June 30, 2026 and 2025, respectively: June 30, 2026 1 to 12 Months 13 to 24 Months Change in Interest Rates $ Amount of EVE % Change in EVE $ Amount of NII % Change in NII $ Amount of NII % Change in NII (Dollars in Thousands) +300 bps 635,587 (26.07) % 150,714 (9.87) % 172,690 (8.19) % +200 bps 705,738 (17.91) % 155,133 (7.23) % 177,111 (5.84) % +100 bps 784,867 (8.70) % 160,024 (4.31) % 182,384 (3.03) % 0 bps 859,697 — 167,225 — 188,091 — -100 bps 925,174 7.62 % 175,059 4.68 % 193,652 2.96 % -200 bps 966,194 12.39 % 183,851 9.94 % 195,631 4.01 % -300 bps 1,008,523 17.31 % 191,437 14.48 % 195,300 3.83 % June 30, 2025 1 to 12 Months 13 to 24 Months Change in Interest Rates $ Amount of EVE % Change in EVE $ Amount of NII % Change in NII $ Amount of NII % Change in NII (Dollars in Thousands) +300 bps 404,295 (37.02) % 147,989 (6.79) % 161,747 (8.17) % +200 bps 475,744 (25.89) % 150,539 (5.18) % 165,520 (6.03) % +100 bps 555,065 (13.54) % 153,195 (3.51) % 169,510 (3.77) % 0 bps 641,985 — 158,762 — 176,142 — -100 bps 728,863 13.53 % 162,406 2.30 % 181,671 3.14 % -200 bps 785,464 22.35 % 165,502 4.25 % 184,695 4.86 % -300 bps 852,184 32.74 % 168,238 5.97 % 185,248 5.17 % There are numerous internal and external factors that may contribute to changes in our EVE and its sensitivity. Changes in the composition and allocation of our balance sheet, or utilization of off-balance sheet instruments such as derivatives, can significantly alter the exposure to interest rate risk as quantified by the changes in the EVE sensitivity measures. Changes to certain external factors, most notably changes in the level of market interest rates and overall shape of the yield curve, can also alter the projected cash flows of our interest-earning assets and interest-costing liabilities and the associated present values thereof. Notwithstanding the rate change scenarios presented in the EVE and NII-based analyses above, future interest rates and their effect on net interest income are not predictable. Computations of prospective effects of hypothetical interest rate changes are based on numerous assumptions, including relative levels of market interest rates, prepayments and deposit run-offs and should not be relied upon as indicative of actual results. Certain shortcomings are inherent in this type of computation. Although certain assets and liabilities may have similar maturities or periods of re-pricing, they may react at different times and in different degrees to changes in market interest rates. The interest rate on certain types of assets and liabilities, such as demand deposits and savings accounts, may fluctuate in advance of changes in market interest rates, while rates on other types of assets and liabilities may lag behind changes in market interest rates. Certain assets, such as adjustable-rate mortgages, generally have features which restrict changes in interest rates on a short-term basis and over the life of the asset. In the event of a change in interest rates, prepayments and early withdrawal levels could deviate significantly from those assumed in the analyses set forth above. Additionally, an increase in credit risk may result as the ability of borrowers to service their debt may decrease in the event of an interest rate increase. 54 Table of Contents