Credit costs, while higher, remain at reasonable levels
Net charge-offs of $63.1 million, or an annualized 0.27 percent of average loans, an increase of 4 bps linked-quarter
Non-performing assets remained steady at $588.3 million or 0.62% of loans
Adherence to strong underwriting standards evident in loss experience
Net charge-offs expected to rise gradually in coming quarters as credit cycle turns
Allowance for credit losses as a percentage of loans remained flat linked-quarter at 1.19%