Common use of Call Reports Clause in Contracts

Call Reports. The financial statements contained in the Call Reports of Southwest Bank for the periods ended September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (iii) fairly present in all material respects the financial condition of Southwest Bank as of the respective dates set forth therein and the results of operations and shareholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (C) will fairly present in all material respects the financial condition of Southwest Bank as of the respective dates set forth therein and the results of operations and shareholders’ equity of Southwest Bank for the respective periods set forth therein, subject to year-end adjustments.

Call Reports. The financial statements contained in the Call Reports of Southwest Alliance Bank for the periods ended September 30March 31, 20162014, June 30, 20162014, March 31September 30, 2016 2014, and December 31, 2015 2014 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (iii) fairly present in all material respects the financial condition of Southwest Alliance Bank as of the respective dates set forth therein and the results of operations and shareholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest Alliance Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (C) will fairly present in all material respects the financial condition of Southwest Alliance Bank as of the respective dates set forth therein and the results of operations and shareholders’ equity of Southwest Alliance Bank for the respective periods set forth therein, subject to year-end adjustments.

Call Reports. The financial statements contained in the Call Reports of Southwest Beneficial Bank for the periods ended September 30, 2016, June 30, 20162018, March 31, 2016 and 2018, December 31, 2015 2017 and September 30, 2017 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (iii) fairly present in all material respects the financial condition of Southwest Beneficial Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest Beneficial Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (C) will fairly present in all material respects the financial condition of Southwest Beneficial Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity of Southwest Beneficial Bank for the respective periods set forth therein, subject to year-end adjustments.

Call Reports. The financial statements contained in the Call Reports of Southwest WSFS Bank for the periods ended September 30, 2016, June 30, 20162018, March 31, 2016 and 2018, December 31, 2015 2017 and September 30, 2017 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (iii) fairly present in all material respects the financial condition of Southwest WSFS Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest WSFS Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (C) will fairly present in all material respects the financial condition of Southwest WSFS Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity of Southwest WSFS Bank for the respective periods set forth therein, subject to year-end adjustments.

Call Reports. The financial statements contained in the Call Reports of Southwest the Target Bank for the periods ended September 30ending December 31, 20162012, March 31, 2013, June 30, 20162013, March 31and September 30, 2016 and December 31, 2015 2013 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (iii) fairly present in all material respects the financial condition of Southwest the Target Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest the Target Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (C) will fairly present in all material respects the financial condition of Southwest the Target Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity of Southwest the Target Bank for the respective periods set forth therein, subject to year-end adjustments.

Call Reports. The financial statements contained in the Call Reports of Southwest Bank for the periods ended September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (iii) fairly present in all material respects the financial condition of Southwest Bank as of the respective dates set forth therein and the results of operations and shareholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (C) will fairly present in all material respects the financial condition of 15 Southwest Bank as of the respective dates set forth therein and the results of operations and shareholders’ equity of Southwest Bank for the respective periods set forth therein, subject to year-end adjustments.

Call Reports. The financial statements contained in the Call Reports of Southwest FSB Bank for the periods ended September 30, 20162019, June 30, 20162019, March 31, 2016 2019 and December 31, 2015 2018 (i) are true, accurate and complete in all material respects, (ii) have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes and (iii) fairly present in all material respects the financial condition of Southwest FSB Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity for the respective periods set forth therein, subject to year-end adjustments. The financial statements contained in the Call Reports of Southwest FSB Bank to be prepared after the date of this Agreement and prior to the Closing (A) will be true, accurate and complete in all material respects, (B) will have been prepared in accordance with GAAP and regulatory accounting principles consistently applied, except as may be otherwise indicated in the notes thereto and except for the omission of footnotes footnotes, and (C) will fairly present in all material respects the financial condition of Southwest FSB Bank as of the respective dates set forth therein and the results of operations and shareholdersstockholders’ equity of Southwest FSB Bank for the respective periods set forth therein, subject to year-end adjustments.