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FBSLO

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FBSLOFirst Bank of San Luis Obispo (California)


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The increase in total interest expense resulted from the deposits and borrowings acquired with FBSLO, higher borrowings incurred to support loan growth, and higher rates paid on deposits and borrowings.
The increase in total interest expense excluding RALs resulted from the deposits and borrowings acquired with FBSLO, the organic growth in deposits over the past year, higher borrowings incurred to support loan growth, and higher rates paid on deposits and borrowings.
Excluding $254 million in deposits added through the FBSLO acquisition, total deposits increased $412 million, or 9.
 
 
 
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