Glacier Bancorp, Inc. Announces Results for the Quarter Ended December 31, 2018

4th Quarter 2018 Highlights:

Glacier Bancorp, Inc. (NASDAQ:GBCI) reported net income of $49.6 million for the current quarter, an increase of $14.9 million, or 43 percent, from the $34.7 million of net income for the prior year fourth quarter, excluding the revaluation of the net deferred tax asset.  Diluted earnings per share for the current quarter was $0.59 per share, an increase of 34 percent from the prior year fourth quarter diluted earnings per share of $0.44, excluding the revaluation of the net deferred tax asset.  Included in the current quarter was $520 thousand of acquisition-related expenses and $357 thousand of loss on sale of investments.  “The Glacier team delivered very strong results in the fourth quarter and for the full year in 2018.  We are pleased to see all aspects of the business performing so well.  We thank our employees for their many contributions to the company during the year and our customers for their continued business,” said Randy Chesler, President and Chief Executive Officer.  “We are also pleased to see our on-going acquisition strategy combined with organic growth continues to provide enhanced results.”

Net income of $182 million for 2018, an increase of $45.8 million, or 34 percent, over the prior year net income of $136 million, excluding the revaluation of the net deferred tax asset.  Diluted earnings per share of $2.17, an increase of 24 percent from the prior year diluted earnings per share of $1.75, excluding the revaluation of the net deferred tax asset.

On January 16, 2019, the Company announced the signing of a definitive agreement to acquire FNB Bancorp, the holding company for The First National Bank of Layton, a community bank based in Layton, Utah (collectively, “FNB”).  FNB provides banking services to individuals and businesses throughout Utah with banking offices located in Layton, Bountiful, Clearfield, and Draper.  As of September 30, 2018, FNB had total assets of $326 million, total loans of $243 million and total deposits of $278 million. The acquisition marks the Company’s 21st acquisition since 2000 and its tenth transaction in the past six years.  The acquisition is subject to required regulatory approvals and other customary conditions of closing and is expected to be completed during the second quarter of 2019.

On February 28, 2018, the Company completed the acquisition of Inter-Mountain Bancorp, Inc., the holding company for First Security Bank, a community bank in Bozeman, Montana (collectively, “FSB”).  On January 31, 2018, the Company completed the acquisition of Columbine Capital Corp., the holding company for Collegiate Peaks Bank, a community bank in Buena Vista, Colorado (collectively, “Collegiate”).  The Company’s results of operations and financial condition include the acquisitions beginning on the acquisition dates and the following table discloses the fair value estimates of selected classifications of assets and liabilities acquired:

	FSB						Collegiate
(Dollars in thousands)	February 28,  2018						January 31,  2018				Total
Total assets	$			1,109,684			551,198				1,660,882
Debt securities	271,865						42,177				314,042
Loans receivable	627,767						354,252				982,019
Non-interest bearing deposits	301,468						170,022				471,490
Interest bearing deposits	576,118						267,149				843,267
Borrowings	36,880						12,509				49,389

Asset Summary

															$ Change from
(Dollars in thousands)	Dec 31,  2018						Sep 30,  2018				Dec 31,  2017				Sep 30,  2018							Dec 31,  2017
Cash and cash equivalents	$			203,790			307,104				200,004				(103,314)							3,786
Debt securities, available-for-sale	2,571,663						2,103,619				1,778,243				468,044							793,420
Debt securities, held-to-maturity	297,915						590,915				648,313				(293,000)							(350,398)
Total debt securities	2,869,578						2,694,534				2,426,556				175,044							443,022
Loans receivable
Residential real estate	887,742						862,830				720,728				24,912							167,014
Commercial real estate	4,657,561						4,527,577				3,577,139				129,984							1,080,422
Other commercial	1,911,171						1,921,955				1,579,353				(10,784)							331,818
Home equity	544,688						528,404				457,918				16,284							86,770
Other consumer	286,387						282,479				242,686				3,908							43,701
Loans receivable	8,287,549						8,123,245				6,577,824				164,304							1,709,725
Allowance for loan and lease losses	(131,239)						(132,535)				(129,568)				1,296							(1,671)
Loans receivable, net	8,156,310						7,990,710				6,448,256				165,600							1,708,054
Other assets	885,806						916,754				631,533				(30,948)							254,273
Total assets	$			12,115,484			11,909,102				9,706,349				206,382							2,409,135

Total debt securities of $2.870 billion at December 31, 2018 increased $175 million, or 7 percent, during the current quarter and increased $443 million, or 18 percent, from the prior year fourth quarter. Debt securities represented 24 percent of total assets at December 31, 2018 compared to 25 percent of total assets at December 31, 2017.

The loan portfolio of $8.288 billion increased $164 million, or 8 percent annualized, during the current quarter. The loan category with the largest increase was commercial real estate loans which increased $130 million, or 3 percent. Excluding the $982 million of loans from the FSB and Collegiate acquisitions, the loan portfolio increased $728 million, or 11 percent, since December 31, 2017, with the largest increase in commercial real estate loans, which increased $463 million, or 13 percent.

Credit Quality Summary

	At or for the Year ended								At or for the Nine Months ended				At or for the Year ended
(Dollars in thousands)	Dec 31,  2018								Sep 30,  2018				Dec 31,  2017
Allowance for loan and lease losses
Balance at beginning of period	$					129,568			129,568				129,572
Provision for loan losses	9,953								8,707				10,824
Charge-offs	(17,807						)		(11,905		)		(19,331		)
Recoveries	9,525								6,165				8,503
Balance at end of period	$					131,239			132,535				129,568
Other real estate owned	$					7,480			12,399				14,269
Accruing loans 90 days or more past due	2,018								4,333				6,077
Non-accrual loans	47,252								55,373				44,833
Total non-performing assets	$					56,750			72,105				65,179
Non-performing assets as a percentage of subsidiary assets	0.47						%		0.61		%		0.68		%
Allowance for loan and lease losses as a percentage of non-performing loans	266						%		222		%		255		%
Allowance for loan and lease losses as a percentage of total loans	1.58						%		1.63		%		1.97		%
Net charge-offs as a percentage of total loans	0.10						%		0.07		%		0.17		%
Accruing loans 30-89 days past due	$					33,567			25,181				37,687
Accruing troubled debt restructurings	$					25,833			35,080				38,491
Non-accrual troubled debt restructurings	$					10,660			12,911				23,709
U.S. government guarantees included in non-performing assets	$					4,811			5,791				2,513

The Company benefited this quarter from the Bank divisions continued focus on reducing non-performing assets and resolving specific troubled credits. Non-performing assets at December 31, 2018 were $56.8 million, a decrease of $15.4 million, or 21 percent, from the prior quarter and a decrease of $8.4 million, or 13 percent, from the prior year fourth quarter. Non-performing assets as a percentage of subsidiary assets at December 31, 2018 was 0.47 percent, a decrease of 14 basis points from the prior quarter, and a decrease of 21 basis points from the prior year fourth quarter. Early stage delinquencies (accruing loans 30-89 days past due) of $33.6 million at December 31, 2018 decreased $4.1 million from prior year end. Early stage delinquencies as a percentage of loans at December 31, 2018 was 0.41 percent which was a decrease of 16 basis points from prior year end. The allowance for loan and lease losses (“allowance”) as a percent of total loans outstanding at December 31, 2018 was 1.58 percent, which was a 5 basis points decrease compared to the prior quarter and a decrease of 39 basis points from a year ago. The decrease from the prior year end was driven by stabilizing credit quality and the addition of loans from new acquisitions, as they are added to the loan portfolio on a fair value basis with no allowance.

Credit Quality Trends and Provision for Loan Losses

(Dollars in thousands)	Provisionfor LoanLosses						Net Charge-Offs							ALLLas a Percentof Loans				AccruingLoans 30-89Days Past Dueas a Percent ofLoans				Non-PerformingAssets toTotal SubsidiaryAssets
Fourth quarter 2018	$			1,246			$				2,542			1.58		%		0.41		%		0.47		%
Third quarter 2018	3,194						2,223							1.63		%		0.31		%		0.61		%
Second quarter 2018	4,718						762							1.66		%		0.50		%		0.71		%
First quarter 2018	795						2,755							1.66		%		0.59		%		0.64		%
Fourth quarter 2017	2,886						2,894							1.97		%		0.57		%		0.68		%
Third quarter 2017	3,327						3,628							1.99		%		0.45		%		0.67		%
Second quarter 2017	3,013						2,362							2.05		%		0.49		%		0.70		%
First quarter 2017	1,598						1,944							2.20		%		0.67		%		0.75		%

Net charge-offs for the current quarter were $2.5 million compared to $2.2 million for the prior quarter and $2.9 million from the same quarter last year.  Current quarter provision for loan losses was $1.2 million, compared to $3.2 million in the prior quarter and $2.9 million in the prior year fourth 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)	Dec 31,  2018						Sep 30,  2018				Dec 31,  2017				Sep 30,  2018							Dec 31,  2017
Deposits
Non-interest bearing deposits	$			3,001,178			3,103,112				2,311,902				(101,934					)		689,276
NOW and DDA accounts	2,391,307						2,346,050				1,695,246				45,257							696,061
Savings accounts	1,346,790						1,345,163				1,082,604				1,627							264,186
Money market deposit accounts	1,684,284						1,722,975				1,512,693				(38,691					)		171,591
Certificate accounts	901,484						932,461				817,259				(30,977					)		84,225
Core deposits, total	9,325,043						9,449,761				7,419,704				(124,718					)		1,905,339
Wholesale deposits	168,724						151,421				160,043				17,303							8,681
Deposits, total	9,493,767						9,601,182				7,579,747				(107,415					)		1,914,020
Repurchase agreements	396,151						408,754				362,573				(12,603					)		33,578
Federal Home Loan Bank advances	440,175						155,328				353,995				284,847							86,180
Other borrowed funds	14,708						9,944				8,224				4,764							6,484
Subordinated debentures	134,051						134,055				126,135				(4					)		7,916
Other liabilities	120,778						107,227				76,618				13,551							44,160
Total liabilities	$			10,599,630			10,416,490				8,507,292				183,140							2,092,338

Core deposits of $9.325 billion as of December 31, 2018 decreased $125 million, or 1 percent, from the prior quarter. The Company added back $395 million deposits during the first quarter of 2018 that were previously moved off the balance sheet as part of its strategy to say below $10 billion in total assets through December 31, 2017. Excluding the $1.315 billion of core deposits from the acquisitions and deposits moved back onto the balance sheet, core deposits increased $195 million, or 3 percent, from the prior year end.

Federal Home Loan Bank (“FHLB”) advances of $440 million at December 31, 2018, increased $285 million over the prior quarter and increased $86 million over the prior year fourth quarter to assist in funding asset growth.

Stockholders’ Equity Summary

															$ Change from
(Dollars in thousands, except per share data)	Dec 31,  2018						Sep 30,  2018				Dec 31,  2017				Sep 30,  2018							Dec 31,  2017
Common equity	$			1,525,281			1,522,329				1,201,036				2,952							324,245
Accumulated other comprehensive (loss) income	(9,427				)		(29,717		)		(1,979		)		20,290							(7,448		)
Total stockholders’ equity	1,515,854						1,492,612				1,199,057				23,242							316,797
Goodwill and core deposit intangible, net	(338,828				)		(340,508		)		(191,995		)		1,680							(146,833		)
Tangible stockholders’ equity	$			1,177,026			1,152,104				1,007,062				24,922							169,964
Stockholders’ equity to total assets				12.51	%		12.53		%		12.35		%
Tangible stockholders’ equity to total tangible assets				9.99	%		9.96		%		10.58		%
Book value per common share	$			17.93			17.66				15.37				0.27							2.56
Tangible book value per common share	$			13.93			13.63				12.91				0.30							1.02

Tangible stockholders’ equity of $1.177 billion at December 31, 2018 increased $25 million compared to the prior quarter which was primarily the result of an increase in other comprehensive income. Tangible stockholders’ equity increased $170 million over the prior year fourth quarter which was the result of earnings retention and $181 million and $69.8 million of Company stock issued for the acquisitions of FSB and Collegiate, respectively. These increases more than offset the increase in goodwill and core deposit intangibles associated with the acquisitions and the decrease in accumulated other comprehensive income. Tangible book value per common share at quarter end increased $0.30 per share from the prior quarter and increased $1.02 per share from a year ago.

Cash DividendsOn December 27, 2018, the Company’s Board of Directors declared a special cash dividend of $0.30 per share, the 15th special dividend the Company has declared. The dividend was payable January 17, 2019 to shareholders of record on January 8, 2019. On November 13, 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend was payable December 20, 2018 to shareholders of record on December 11, 2018. The dividend was the 135th consecutive quarterly dividend. Regular quarterly dividends declared for 2018 were $1.01 per share, an increase of $0.17 per share, or 20 percent, compared to prior year quarterly dividends of  $0.84 per share. 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 December 31, 2018Compared to September 30, 2018, June 30, 2018 and March 31, 2018

Income Summary

	Three Months ended
(Dollars in thousands)
Dec 31,  2018																			Sep 30,  2018															Jun 30,  2018				Mar 31,  2018				Dec 31,  2017
Net interest income
Interest income	$																125,310			122,905															117,715				103,066				96,898
Interest expense	9,436																			9,160															9,161				7,774				7,072
Total net interest income	115,874																			113,745															108,554				95,292				89,826
Non-interest income
Service charges and other fees	19,708																			19,504															18,804				16,871				17,282
Miscellaneous loan fees and charges	1,278																			1,807															2,243				1,477				1,077
Gain on sale of loans	5,639																			7,256															8,142				6,097				7,408
Loss on sale of investments	(357																	)		(367													)		(56		)		(333		)		(115		)
Other income	2,226																			4,216															2,695				1,974				2,057
Total non-interest income	28,494																			32,416															31,828				26,086				27,709
Total income	$																144,368			146,161															140,382				121,378				117,535
Net interest margin (tax-equivalent)	4.30																	%		4.26													%		4.17		%		4.10		%		4.23		%
																				$ Change from
(Dollars in thousands)
																			Sep 30,  2018															Jun 30,  2018				Mar 31,  2018				Dec 31,  2017
Net interest income
Interest income																				$												2,405			7,595				22,244				28,412
Interest expense																				276															275				1,662				2,364
Total net interest income																				2,129															7,320				20,582				26,048
Non-interest income
Service charges and other fees																				204															904				2,837				2,426
Miscellaneous loan fees and charges																				(529													)		(965		)		(199		)		201
Gain on sale of loans																				(1,617													)		(2,503		)		(458		)		(1,769		)
Loss on sale of investments																				10															(301		)		(24		)		(242		)
Other income																				(1,990													)		(469		)		252				169
Total non-interest income																				(3,922													)		(3,334		)		2,408				785
Total income																				$												(1,793	)		3,986				22,990				26,833

Net Interest IncomeThe current quarter interest income of $125 million increased $2.4 million, or 2 percent, from the prior quarter and increased $28.4 million, or 29 percent, over the prior year fourth quarter with both increases primarily attributable to the increase in interest income from commercial loans. Interest income on commercial loans increased $1.7 million, or 2 percent, from the prior quarter and increased $20.9 million, or 34 percent, from the prior year fourth quarter.

The current quarter interest expense of $9.4 million remained stable from the prior quarter and increased $2.4 million, or 33 percent, from the prior year fourth quarter. The total cost of funding (including non-interest bearing deposits) for the current quarter was 36 basis points compared to 36 basis points for the prior quarter and 33 basis points for the prior year fourth quarter.

The Company’s net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 4.30 percent compared to 4.26 percent in the prior quarter. The 4 basis points increase in the net interest margin was primarily the result of increased yields on the loan portfolio. The current quarter net interest margin increased 7 basis points over the prior year fourth quarter net interest margin of 4.23 percent. Included in the current quarter margin was a 14 basis points decrease due to the reduction in the federal corporate income tax rate in 2018 by the Tax Cut and Jobs Act (“Tax Act”). The increase in the margin from the prior year fourth quarter resulted from the remix of earning assets to higher yielding loans, increased yields on the loan portfolio, and relatively stable funding costs. “During the quarter and throughout the year, the Bank divisions maintained good discipline in their deposit and loan pricing,” said Ron Copher, Chief Financial Officer. “The net interest margin expansion during each quarter reflected the increased yields on earnings assets combined with stable funding costs each quarter.”

Non-interest IncomeNon-interest income for the current quarter totaled $28.5 million, a decrease of $3.9 million, or 12 percent, from the prior quarter and an increase of $785 thousand, or 3 percent, over the same quarter last year. Service charges and other fees of $19.7 million for the current quarter increased $2.4 million, or 14 percent, from the prior year fourth quarter with such increases primarily due to the increased number of accounts from organic growth and acquisitions. Gain on sale of loans decreased $1.6 million, or 22 percent, from the prior quarter as a result of seasonal activity and decreased $1.8 million, or 24 percent from the prior year fourth quarter as result of the decrease in purchase and refinance activity. Other income decreased $2.0 million, or 47 percent, from the prior quarter and was primarily due to the prior quarter $2.3 million gain on sale of a former branch building.

Non-interest Expense Summary

	Three Months ended
(Dollars in thousands)
	Dec 31,  2018																		Sep 30,  2018															Jun 30,  2018				Mar 31,  2018				Dec 31,  2017
Compensation and employee benefits	$																50,385			49,927															49,023				45,721				40,465
Occupancy and equipment	7,884																			7,914															7,662				7,274				6,925
Advertising and promotions	2,434																			2,432															2,530				2,170				2,024
Data processing	3,951																			3,752															4,241				3,967				3,970
Other real estate owned	264																			2,674															211				72				377
Regulatory assessments and insurance	1,263																			1,277															1,329				1,206				1,069
Core deposit intangibles amortization	1,731																			1,735															1,748				1,056				614
Other expenses	13,964																			13,118															15,051				12,161				12,922
Total non-interest expense	$																81,876			82,829															81,795				73,627				68,366
																				$ Change from
(Dollars in thousands)
																			Sep 30,  2018															Jun 30,  2018				Mar 31,  2018				Dec 31,  2017
Compensation and employee benefits																				$												458			1,362				4,664				9,920
Occupancy and equipment																				(30													)		222				610				959
Advertising and promotions																				2															(96		)		264				410
Data processing																				199															(290		)		(16		)		(19		)
Other real estate owned																				(2,410													)		53				192				(113		)
Regulatory assessments and insurance																				(14													)		(66		)		57				194
Core deposit intangibles amortization																				(4													)		(17		)		675				1,117
Other expense																				846															(1,087		)		1,803				1,042
Total non-interest expense																				$												(953	)		81				8,249				13,510

Total non-interest expense of $81.9 million for the current quarter decreased $1.0 million, or 1 percent, over the prior quarter and increased $13.5 million, or 20 percent, over the prior year fourth quarter. Compensation and employee benefits increased by $458 thousand, or 1 percent, from the prior quarter. Compensation and employee benefits increased by $9.9 million, or 25 percent, from the prior year fourth quarter principally due to the increased number of employees from acquisitions. Occupancy and equipment expense increased $959 thousand, or 14 percent, over the prior year fourth quarter and was attributable to increased costs from acquisitions. OREO expenses decreased $2.4 million from the prior quarter, due to a write down of $2.2 million on a single property during the third quarter of 2018. Acquisition-related expenses were $520 thousand during the current quarter compared to $1.3 million in the prior quarter and $936 thousand in the prior year fourth quarter.

Federal and State Income Tax ExpenseTax expense during the fourth quarter of 2018 was $11.6 million, which is a decrease of $19.7 million, from the prior year fourth quarter and was primarily attributable to the revaluation of the net deferred tax asset in the prior year which was partially offset by the decrease in the federal income tax rate driven by the Tax Act. The effective tax rate in the fourth quarter of 2018 was 19 percent compared to 25 percent in the prior year fourth quarter, excluding the revaluation of the net deferred tax asset.

Efficiency RatioThe current quarter efficiency ratio was 53.93 percent, a 167 basis points increase from the prior quarter efficiency ratio of 52.26 percent. Excluding the prior quarter gain from the sale of the former branch building, the prior quarter efficiency ratio would have been 53.06 percent. The current quarter efficiency ratio was also higher than the prior quarter efficiency ratio due to the $1.6 million seasonal decrease in the gain on sale of loans during the current quarter.

Operating Results for Year ended December 31, 2018Compared to December 31, 2017

Income Summary

	Year ended
(Dollars in thousands)	Dec 31,  2018										Dec 31,  2017						$ Change						% Change
Net interest income
Interest income	$							468,996			$			375,022			$			93,974			25		%
Interest expense	35,531										29,864						5,667						19		%
Total net interest income	433,465										345,158						88,307						26		%
Non-interest income
Service charges and other fees	74,887										67,717						7,170						11		%
Miscellaneous loan fees and charges	6,805										4,360						2,445						56		%
Gain on sale of loans	27,134										30,439						(3,305				)		(11		)%
Loss on sale of investments	(1,113								)		(660				)		(453				)		69		%
Other income	11,111										10,383						728						7		%
Total non-interest income	118,824										112,239						6,585						6		%
Total income	$							552,289			$			457,397			$			94,892			21		%
Net interest margin (tax-equivalent)	4.21								%		4.12				%

Net Interest IncomeInterest income of $469 million for 2018 increased $94.0 million, or 25 percent, from 2017 and was principally due to a $76.8 million increase in interest income from commercial loans. Interest expense of $35.5 million for the current year increased $5.7 million over the prior year same period. The Company has maintained stable funding costs through its focus on growing non-interest bearing deposits and continued pricing discipline. The total funding cost for 2018 and 2017 was 36 basis points.

The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for 2018 was 4.21 percent, a 9 basis points increase from the net interest margin of 4.12 percent for 2017. Included in the current year margin was a 14 basis points decrease compared to the prior year driven by the reduction in the federal corporate income tax rate. The increase in the margin from the prior year resulted from the remix of earning assets to higher yielding loans, increased yields on the loan portfolio, and stable funding costs.

Non-interest IncomeNon-interest income of $119 million for the current year increased $6.6 million, or 6 percent, over the prior year. Service charges and other fees of $74.9 million for 2018 increased $7.2 million, or 11 percent, from the prior year as a result of an increased number of deposit accounts from organic growth and acquisitions. Miscellaneous loan fees and charges for 2018 increased $2.4 million, or 56 percent from the prior year as a result of the recent acquisitions and increased loan growth. Gain on sale of loans for the current year decreased $3.3 million, or 11 percent, from the prior year due to the decrease in purchase and refinance activity. Other income of $11.1 million, increased $728 thousand, or 7 percent, from the prior year with increases of $1.9 million from the sale of bank assets and a decrease of $2.1 million from the gain on sale of OREO.

Non-interest Expense Summary

	Year ended
(Dollars in thousands)	Dec 31,  2018										Dec 31,  2017						$ Change						% Change
Compensation and employee benefits	$							195,056			$			160,506			$			34,550			22		%
Occupancy and equipment	30,734										26,631						4,103						15		%
Advertising and promotions	9,566										8,405						1,161						14		%
Data processing	15,911										14,150						1,761						12		%
Other real estate owned	3,221										1,909						1,312						69		%
Regulatory assessments and insurance	5,075										4,431						644						15		%
Core deposit intangibles amortization	6,270										2,494						3,776						151		%
Other expenses	54,294										47,045						7,249						15		%
Total non-interest expense	$							320,127			$			265,571			$			54,556			21		%

Total non-interest expense of $320 million for 2018 increased $54.6 million, or 21 percent, over the prior year. Compensation and employee benefits for 2018 increased $34.6 million, or 22 percent, from the same period last year primarily due to the increased number of employees from acquisitions. Occupancy and equipment expense for 2018 increased $4.1 million, or 15 percent from the prior year primarily as a result of increased costs from acquisitions. Data processing expense for the current year increased $1.8 million, or 12 percent, from the prior year as a result of increased costs from the acquisitions and organic growth. Current year other expenses of $54.3 million increased $7.2 million, or 15 percent, from the prior year due to an increase in acquisition-related expenses and increased costs from acquired banks and organic growth. Acquisition-related expenses were $6.6 million during 2018 compared to $2.1 million in 2017.

Provision for Loan LossesThe provision for loan losses was $10.0 million for 2018, a decrease of $871 thousand from 2017 provision for loan loss of $10.8 million. Net charge-offs during the 2018 were $8.3 million compared to $10.8 million during 2017.

Federal and State Income Tax ExpenseTax expense of $40.3 million in 2018 decreased $24.3 million, or 38 percent, over the prior year same period as a result of a the revaluation of the net deferred tax asset and the decrease in the federal corporate income tax rate by the Tax Act. The effective tax rate in 2018 was 18 percent compared to 25 percent in the prior year, excluding the revaluation of the net deferred tax asset.

Efficiency RatioFor 2018, the efficiency ratio was 54.73, a 79 basis points increase over the prior year efficiency ratio of 53.94. Applying the same 35 percent federal corporate income tax rate as in effect during the prior year, the efficiency ratio would be 53.77 percent for 2018, or 17 basis points lower than 2017.

Forward-Looking StatementsThis 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;
• changes in the cost and scope of insurance from the Federal Deposit Insurance Corporation and other third parties;
• legislative or regulatory changes, including increased banking and consumer protection regulation that adversely affect the Company’s business, both generally and as a result of the Company exceeding $10 billion in total consolidated assets;
• 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 reputation of banks and the financial services industry could deteriorate, which could adversely affect the Company's ability to obtain (and maintain) customers;
• competition among financial institutions in the Company's markets may increase significantly;
• 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;
• the projected business and profitability of an expansion or the opening of a new branch could be lower than expected;
• 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;
• material failure, potential interruption or breach in security of the Company’s systems and technological changes which could expose us to new risks (e.g., cybersecurity), fraud or system failures;
• natural disasters, including fires, floods, earthquakes, and other unexpected events;
• the Company’s success in managing risks involved in the foregoing; and
• the effects of any reputational damage to the Company resulting from any of 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 InformationA conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, January 25, 2019. The conference call will be accessible by telephone and through the internet. Interested individuals are invited to listen to the call by dialing 877-561-2748 and conference ID 3053399. To participate on the webcast, log on to: https://edge.media-server.com/m6/p/ddsz3whh. If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com, or by calling 855-859-2056 with the ID 3053399 by February 8, 2019.

About Glacier Bancorp, Inc.Glacier Bancorp, Inc. is the parent company for Glacier Bank, Kalispell and its bank divisions: First Security Bank of Missoula; Valley Bank of Helena; Western Security Bank, Billings; First Bank of Montana, Lewistown; and First Security Bank, Bozeman, all located in Montana; as well as Mountain West Bank, Coeur d’Alene, operating in Idaho, Utah and Washington; First Bank, Powell, operating in Wyoming and Utah; Citizens Community Bank, Pocatello, operating in Idaho; Bank of the San Juans, Durango; and Collegiate Peaks Bank, Buena Vista both operating in Colorado; First State Bank, Wheatland, operating in Wyoming; North Cascades Bank, Chelan, operating in Washington; and The Foothills Bank, Yuma, operating in Arizona.

Glacier Bancorp, Inc.Unaudited Condensed Consolidated Statements of Financial Condition

(Dollars in thousands, except per share data)	December 31,  2018						September 30,  2018				December 31,  2017
Assets
Cash on hand and in banks	$			161,782			171,394				139,948
Federal funds sold	—						—				—
Interest bearing cash deposits	42,008						135,710				60,056
Cash and cash equivalents	203,790						307,104				200,004
Debt securities, available-for-sale	2,571,663						2,103,619				1,778,243
Debt securities, held-to-maturity	297,915						590,915				648,313
Total debt securities	2,869,578						2,694,534				2,426,556
Loans held for sale, at fair value	33,156						50,649				38,833
Loans receivable	8,287,549						8,123,245				6,577,824
Allowance for loan and lease losses	(131,239				)		(132,535		)		(129,568		)
Loans receivable, net	8,156,310						7,990,710				6,448,256
Premises and equipment, net	241,528						239,006				177,348
Other real estate owned	7,480						12,399				14,269
Accrued interest receivable	54,408						62,248				44,462
Deferred tax asset	23,564						37,264				38,344
Core deposit intangible, net	49,242						50,973				14,184
Goodwill	289,586						289,535				177,811
Non-marketable equity securities	27,871						16,502				29,884
Bank-owned life insurance	82,320						81,850				59,351
Other assets	76,651						76,328				37,047
Total assets	$			12,115,484			11,909,102				9,706,349
Liabilities
Non-interest bearing deposits	$			3,001,178			3,103,112				2,311,902
Interest bearing deposits	6,492,589						6,498,070				5,267,845
Securities sold under agreements to repurchase	396,151						408,754				362,573
FHLB advances	440,175						155,328				353,995
Other borrowed funds	14,708						9,944				8,224
Subordinated debentures	134,051						134,055				126,135
Accrued interest payable	4,252						4,065				3,450
Other liabilities	116,526						103,162				73,168
Total liabilities	10,599,630						10,416,490				8,507,292
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	845						845				780
Paid-in capital	1,051,253						1,050,463				797,997
Retained earnings - substantially restricted	473,183						471,021				402,259
Accumulated other comprehensive loss	(9,427				)		(29,717		)		(1,979		)
Total stockholders’ equity	1,515,854						1,492,612				1,199,057
Total liabilities and stockholders’ equity	$			12,115,484			11,909,102				9,706,349

Glacier Bancorp, Inc.Unaudited Condensed Consolidated Statements of Operations

	Three Months ended																				Year ended
(Dollars in thousands, except per share data)	December 31,  2018												September 30,  2018				December 31,  2017				December 31,  2018							December 31,  2017
Interest Income
Debt securities	$									22,016			21,971				18,663				86,499							81,968
Residential real estate loans	10,751												10,356				8,520				40,041							33,114
Commercial loans	82,238												80,587				61,329				304,164							227,356
Consumer and other loans	10,305												9,991				8,386				38,292							32,584
Total interest income	125,310												122,905				96,898				468,996							375,022
Interest Expense
Deposits	4,989												4,837				3,288				18,359							16,793
Securities sold under agreements to repurchase	707												570				496				2,248							1,858
Federal Home Loan Bank advances	2,146												2,132				2,106				8,880							6,748
Other borrowed funds	(10)												63				24				95							79
Subordinated debentures	1,604												1,558				1,158				5,949							4,386
Total interest expense	9,436												9,160				7,072				35,531							29,864
Net Interest Income	115,874												113,745				89,826				433,465							345,158
Provision for loan losses	1,246												3,194				2,886				9,953							10,824
Net interest income after provision for loan losses	114,628												110,551				86,940				423,512							334,334
Non-Interest Income
Service charges and other fees	19,708												19,504				17,282				74,887							67,717
Miscellaneous loan fees and charges	1,278												1,807				1,077				6,805							4,360
Gain on sale of loans	5,639												7,256				7,408				27,134							30,439
Loss on sale of debt securities	(357										)		(367		)		(115		)		(1,113					)		(660		)
Other income	2,226												4,216				2,057				11,111							10,383
Total non-interest income	28,494												32,416				27,709				118,824							112,239
Non-Interest Expense
Compensation and employee benefits	50,385												49,927				40,465				195,056							160,506
Occupancy and equipment	7,884												7,914				6,925				30,734							26,631
Advertising and promotions	2,434												2,432				2,024				9,566							8,405
Data processing	3,951												3,752				3,970				15,911							14,150
Other real estate owned	264												2,674				377				3,221							1,909
Regulatory assessments and insurance	1,263												1,277				1,069				5,075							4,431
Core deposit intangibles amortization	1,731												1,735				614				6,270							2,494
Other expenses	13,964												13,118				12,922				54,294							47,045
Total non-interest expense	81,876												82,829				68,366				320,127							265,571
Income Before Income Taxes	61,246												60,138				46,283				222,209							181,002
Federal and state income tax expense	11,647												10,802				31,327				40,331							64,625
Net Income	$									49,599			49,336				14,956				181,878							116,377

Glacier Bancorp, Inc.Average Balance Sheets

	Three Months ended
December 31, 2018																																		December 31, 2017
(Dollars in thousands)
	AverageBalance																							Interest &Dividends						AverageYield/Rate				AverageBalance													Interest &Dividends						AverageYield/Rate
Assets
Residential real estate loans	$	919,468																							$			10,751			4.68		%		$										758,180			$			8,520			4.50		%
Commercial loans 1	6,452,215																								83,319						5.12		%		5,089,922													63,140						4.92		%
Consumer and other loans	820,439																								10,305						4.98		%		695,288													8,386						4.79		%
Total loans 2	8,192,122																								104,375						5.05		%		6,543,390													80,046						4.85		%
Tax-exempt debt securities 3	1,082,702																								12,421						4.59		%		1,089,640													15,485						5.68		%
Taxable debt securities 4	1,783,881																								12,444						2.79		%		1,483,157													8,774						2.37		%
Total earning assets	11,058,705																								129,240						4.64		%		9,116,187													104,305						4.54		%
Goodwill and intangibles	339,617																																		192,663
Non-earning assets	471,696																																		402,802
Total assets	$																					11,870,018													$										9,711,652
Liabilities
Non-interest bearing deposits	$																					3,050,140			$			—			—		%		$										2,334,103			$			—			—		%
NOW and DDA accounts	2,334,785																								1,038						0.18		%		1,704,799													408						0.10		%
Savings accounts	1,348,907																								220						0.06		%		1,087,212													164						0.06		%
Money market deposit accounts	1,716,296																								920						0.21		%		1,552,045													610						0.16		%
Certificate accounts	916,786																								1,858						0.80		%		831,107													1,203						0.57		%
Total core deposits	9,366,914																								4,036						0.17		%		7,509,266													2,385						0.13		%
Wholesale deposits 5	155,203																								953						2.44		%		161,320													903						2.22		%
FHLB advances	200,654																								2,146						4.18		%		226,334													2,106						3.64		%
Repurchase agreements and  other borrowed funds	539,548																								2,301						1.69		%		512,780													1,678						1.30		%
Total funding liabilities	10,262,319																								9,436						0.36		%		8,409,700													7,072						0.33		%
Other liabilities	103,441																																		93,335
Total liabilities	10,365,760																																		8,503,035
Stockholders’ Equity
Common stock	845																																		780
Paid-in capital	1,050,872																																		797,607
Retained earnings	479,347																																		410,836
Accumulated other comprehensive loss	(26,806																						)												(606											)
Total stockholders’ equity	1,504,258																																		1,208,617
Total liabilities and stockholders’ equity	$																					11,870,018													$										9,711,652
Net interest income (tax-equivalent)																									$			119,804																				$			97,233
Net interest spread (tax-equivalent)																															4.28		%																					4.21		%
Net interest margin (tax-equivalent)																															4.30		%																					4.23		%

______________________________

1    Includes tax effect of $1.1 million and $1.8 million on tax-exempt municipal loan and lease income for the three months ended December 31, 2018 and 2017, 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 $2.5 million and $5.3 million on tax-exempt debt securities income for the three months ended December 31, 2018 and 2017, respectively.4    Includes tax effect of $304 thousand on federal income tax credits for the three months ended December 31, 2018 and 2017.5    Wholesale deposits include brokered deposits classified as NOW, DDA, money market deposit and certificate accounts.

Glacier Bancorp, Inc.Average Balance Sheets (continued)

	Year ended
	December 31, 2018																																	December 31, 2017
(Dollars in thousands)
	Average Balance																							Interest & Dividends						Average Yield/ Rate				Average Balance													Interest & Dividends						Average Yield/ Rate
Assets
Residential real estate loans	$																					868,467			$			40,041			4.61		%		$										744,523			$			33,114			4.45		%
Commercial loans 1	6,134,018																								308,263						5.03		%		4,792,720													233,744						4.88		%
Consumer and other loans	774,813																								38,292						4.94		%		684,129													32,584						4.76		%
Total loans 2	7,777,298																								386,596						4.97		%		6,221,372													299,442						4.81		%
Tax-exempt debt securities 3	1,083,999																								50,239						4.63		%		1,160,182													66,077						5.70		%
Taxable debt securities 4	1,802,704																								47,771						2.65		%		1,722,264													39,727						2.31		%
Total earning assets	10,664,001																								484,606						4.54		%		9,103,818													405,246						4.45		%
Goodwill and intangibles	311,321																																		180,014
Non-earning assets	453,394																																		394,363
Total assets	$																					11,428,716													$										9,678,195
Liabilities
Non-interest bearing deposits	$																					2,829,916			$			—			—		%		$										2,175,750			$			—			—		%
NOW and DDA accounts	2,242,935																								3,862						0.17		%		1,656,865													1,402						0.08		%
Savings accounts	1,298,985																								862						0.07		%		1,055,688													624						0.06		%
Money market deposit accounts	1,704,269																								3,377						0.20		%		1,547,659													2,407						0.16		%
Certificate accounts	919,356																								6,497						0.71		%		888,887													5,114						0.58		%
Total core deposits	8,995,461																								14,598						0.16		%		7,324,849													9,547						0.13		%
Wholesale deposits 5	156,022																								3,761						2.41		%		275,804													7,246						2.63		%
FHLB advances	231,158																								8,880						3.79		%		258,528													6,748						2.57		%
Repurchase agreements and  other borrowed funds	526,623																								8,292						1.57		%		547,307													6,323						1.16		%
Total funding liabilities	9,909,264																								35,531						0.36		%		8,406,488													29,864						0.36		%
Other liabilities	71,901																																		83,991
Total liabilities	9,981,165																																		8,490,479
Stockholders’ Equity
Common stock	836																																		775
Paid-in capital	1,014,559																																		781,267
Retained earnings	452,996																																		406,200
Accumulated other comprehensive loss	(20,840																						)												(526											)
Total stockholders’ equity	1,447,551																																		1,187,716
Total liabilities and stockholders’ equity	$																					11,428,716													$										9,678,195
Net interest income (tax-equivalent)																									$			449,075																				$			375,382
Net interest spread (tax-equivalent)																															4.18		%																					4.09		%
Net interest margin (tax-equivalent)																															4.21		%																					4.12		%

______________________________

1    Includes tax effect of $4.1 million and $6.4 million on tax-exempt municipal loan and lease income for the year ended December 31, 2018 and 2017, 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 $10.3 million and $22.5 million on tax-exempt investment securities income for the year ended December 31, 2018 and 2017, respectively.4    Includes tax effect of $1,217 thousand and $1,294 thousand on federal income tax credits for the year ended December 31, 2018 and 2017, 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)	Dec 31,  2018														Sep 30,  2018						Dec 31,  2017						Sep 30,  2018							Dec 31,  2017
Custom and owner occupied construction	$											126,595			$			123,369			$			109,555			3					%		16		%
Pre-sold and spec construction	121,938														109,214						72,160						12					%		69		%
Total residential construction	248,533														232,583						181,715						7					%		37		%
Land development	137,814														125,272						82,398						10					%		67		%
Consumer land or lots	127,775														123,979						102,289						3					%		25		%
Unimproved land	83,579														75,183						65,753						11					%		27		%
Developed lots for operative builders	17,061														14,922						14,592						14					%		17		%
Commercial lots	34,096														30,255						23,770						13					%		43		%
Other construction	520,005														487,428						391,835						7					%		33		%
Total land, lot, and other construction	920,330														857,039						680,637						7					%		35		%
Owner occupied	1,343,563														1,330,024						1,132,833						1					%		19		%
Non-owner occupied	1,605,960														1,564,182						1,186,066						3					%		35		%
Total commercial real estate	2,949,523														2,894,206						2,318,899						2					%		27		%
Commercial and industrial	907,340														884,414						751,221						3					%		21		%
Agriculture	646,822														672,916						450,616						(4					)%		44		%
1st lien	1,108,227														1,109,308						877,335						—					%		26		%
Junior lien	56,689														59,345						51,155						(4					)%		11		%
Total 1-4 family	1,164,916														1,168,653						928,490						—					%		25		%
Multifamily residential	247,457														222,647						189,342						11					%		31		%
Home equity lines of credit	539,938														521,778						440,105						3					%		23		%
Other consumer	165,865														166,788						148,247						(1					)%		12		%
Total consumer	705,803														688,566						588,352						3					%		20		%
States and political subdivisions	404,671														429,409						383,252						(6					)%		6		%
Other	125,310														123,461						144,133						1					%		(13		)%
Total loans receivable, including  loans held for sale	8,320,705														8,173,894						6,616,657						2					%		26		%
Less loans held for sale 1	(33,156												)		(50,649				)		(38,833				)		(35					)%		(15		)%
Total loans receivable	$											8,287,549			$			8,123,245			$			6,577,824			2					%		26		%

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-AccrualLoans				AccruingLoans 90 Days or More Past  Due				OtherReal EstateOwned
(Dollars in thousands)	Dec 31,  2018												Sep 30,  2018				Dec 31,  2017				Dec 31,  2018				Dec 31,  2018				Dec 31,  2018
Custom and owner occupied construction	$									—			1,599				48				—				—				—
Pre-sold and spec construction	463												474				38				463				—				—
Total residential construction	463												2,073				86				463				—				—
Land development	2,166												5,147				7,888				786				—				1,380
Consumer land or lots	1,428												1,592				1,861				675				—				753
Unimproved land	9,338												9,815				10,866				7,806				—				1,532
Developed lots for operative builders	68												68				116				43				—				25
Commercial lots	1,046												1,046				1,312				—				—				1,046
Other construction	120												147				151				9				—				111
Total land, lot and other construction	14,166												17,815				22,194				9,319				—				4,847
Owner occupied	5,940												11,246				13,848				4,706				—				1,234
Non-owner occupied	10,567												10,847				4,584				10,294				—				273
Total commercial real estate	16,507												22,093				18,432				15,000				—				1,507
Commercial and industrial	3,914												5,615				5,294				3,462				210				242
Agriculture	7,040												7,856				3,931				6,682				208				150
1st lien	10,290												9,543				9,261				8,992				788				510
Junior lien	565												2,610				567				531				34				—
Total 1-4 family	10,855												12,153				9,828				9,523				822				510
Multifamily residential	—												613				—				—				—				—
Home equity lines of credit	2,770												3,470				3,292				2,188				394				188
Other consumer	456												417				322				338				82				36
Total consumer	3,226												3,887				3,614				2,526				476				224
States and political subdivisions	—												—				1,800				—				—				—
Other	579												—				—				277				302				—
Total	$									56,750			72,105				65,179				47,252				2,018				7,480

Glacier Bancorp, Inc.Credit Quality Summary by Regulatory Classification (continued)

	Accruing 30-89 Days Delinquent Loans,  by Loan Type																										% Change from
(Dollars in thousands)	Dec 31,  2018														Sep 30,  2018						Dec 31,  2017						Sep 30,  2018							Dec 31,  2017
Custom and owner occupied construction	$											1,661			$			4,502			$			300			(63					)%		454		%
Pre-sold and spec construction	887														494						102						80					%		770		%
Total residential construction	2,548														4,996						402						(49					)%		534		%
Land development	228														516						—						(56					)%		n/m
Consumer land or lots	200														235						353						(15					)%		(43		)%
Unimproved land	579														629						662						(8					)%		(13		)%
Developed lots for operative builders	122														—						7						n/m							1,643		%
Commercial lots	203														—						108						n/m							88		%
Other construction	4,170														—						—						n/m							n/m
Total land, lot and other construction	5,502														1,380						1,130						299					%		387		%
Owner occupied	2,981														2,872						4,726						4					%		(37		)%
Non-owner occupied	1,245														1,131						2,399						10					%		(48		)%
Total commercial real estate	4,226														4,003						7,125						6					%		(41		)%
Commercial and industrial	3,374														4,791						6,472						(30					)%		(48		)%
Agriculture	6,455														1,332						3,205						385					%		101		%
1st lien	5,384														3,795						10,865						42					%		(50		)%
Junior lien	118														420						4,348						(72					)%		(97		)%
Total 1-4 family	5,502														4,215						15,213						31					%		(64		)%
Multifamily Residential	—														—						—						n/m							n/m
Home equity lines of credit	3,562														2,467						1,962						44					%		82		%
Other consumer	1,650														1,903						2,109						(13					)%		(22		)%
Total consumer	5,212														4,370						4,071						19					%		28		%
States and political subdivisions	229														—						—						n/m							n/m
Other	519														94						69						452					%		652		%
Total	$											33,567			$			25,181			$			37,687			33					%		(11		)%

n/m - not measurable

Glacier Bancorp, Inc.Credit Quality Summary by Regulatory Classification (continued)

	Net Charge-Offs (Recoveries), Year-to-DatePeriod Ending, By Loan Type																				Charge-Offs				Recoveries
(Dollars in thousands)	Dec 31,  2018												Sep 30,  2018				Dec 31,  2017				Dec 31,  2018				Dec 31,  2018
Custom and owner occupied construction	$									—			—				—				—				—
Pre-sold and spec construction	(352										)		(348		)		(23		)		17				369
Total residential construction	(352										)		(348		)		(23		)		17				369
Land development	(116										)		(110		)		(143		)		—				116
Consumer land or lots	(146										)		(121		)		222				307				453
Unimproved land	(445										)		(288		)		(304		)		—				445
Developed lots for operative builders	33												33				(107		)		33				—
Commercial lots	1												3				(6		)		7				6
Other construction	(19										)		(4		)		389				—				19
Total land, lot and other construction	(692										)		(487		)		51				347				1,039
Owner occupied	1,320												902				3,908				1,545				225
Non-owner occupied	853												(6		)		368				929				76
Total commercial real estate	2,173												896				4,276				2,474				301
Commercial and industrial	2,449												1,893				883				3,276				827
Agriculture	16												39				9				50				34
1st lien	577												8				(23		)		836				259
Junior lien	(371										)		486				719				1,017				1,388
Total 1-4 family	206												494				696				1,853				1,647
Multifamily residential	(649										)		(6		)		(230		)		—				649
Home equity lines of credit	(97										)		(39		)		272				147				244
Other consumer	261												161				505				597				336
Total consumer	164												122				777				744				580
Other	4,967												3,137				4,389				9,046				4,079
Total	$									8,282			5,740				10,828				17,807				9,525

Visit our website at www.glacierbancorp.com

 

CONTACT: Randall M. Chesler, CEO(406) 751-4722Ron J. Copher, CFO(406) 751-7706