Slide 1: Fourth Quarter 2025 Earnings Presentation
Fourth Quarter 2025 Earnings Presentation January 22, 2026
Slide 2: Forward-Looking Statements
Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements that are not statements of historical fact are forward-looking, and readers should not c
Slide 3: 4Q-2025 Highlights vs 3Q-2025
4Q-2025 Highlights vs 3Q-2025 3 (1) Annualized. (2) Excludes the guaranteed portion of SBA loans that are in liquidation. (3) Includes special mention, substandard, doubtful, and loss categories. Net Income $7.0M Earnings & Profitability Balance Sheet Growth Credit Quality Capital Adequacy • Net inc
Slide 4: Balance Sheet Trend
Balance Sheet Trend 4 Gross Loans ($mm)Total Assets ($mm) Total Equity ($mm) & Book Value Per Share ($)Total Deposits ($mm) $1,957 $2,044 $2,072 $2,151 $2,194 5.4% 17.8% 5.4% 15.4% 7.9% 4Q-24 1Q-25 2Q-25 3Q-25 4Q-25 Gross Loans Growth - annualized (%)
Slide 5: Loan Trend
Loan Trend 5 Loan Originations* ($mm)Loan Composition ($mm) Loan Yields (%) Commercial Real Estate Concentration (%) * Excludes changes in line utilization. 6.07% 6.25% 5.16% 5.42% 9.65% 9.21% 7.46% 6.93% 6.49% 6.48% 4Q-24 1Q-25 2Q-25 3Q-25 4Q-25 Real estate Home mortgage SBA C&I Gross loans
Slide 6: Loan by Interest Rate Type
Loan by Interest Rate Type 6 Hybrid Loan Repricing Schedule ($mm)Composition by Interest Rate Type (%) Contractual Rates by Interest Rate Type (%) Loan Maturity Schedule ($mm)
Slide 7: Commercial Real Estate Portfolio
* Based on Call Report definitions, which includes real estate loans and SBA real estate loans. Commercial Real Estate Portfolio 7 CRE* Portfolio by Property TypeCRE* Portfolio by Collateral Type December 31, 2025 ($1.30 billion)
Slide 8: Commercial Real Estate Portfolio
* Based on Call Report definitions, which includes real estate loans and SBA real estate loans. ** Excludes SBA loans and USDA loans. Commercial Real Estate Portfolio 8 CRE Portfolio ** by Loan-to-Value Ratio (LTV)CRE Portfolio * by Location
Slide 9: Home Loan Portfolio
Home Loan Portfolio 9 Home Loan Portfolio by LTVHome Loan Portfolio by Location Home Loan Portfolio by Occupancy Type December 31, 2025 ($574 million)
Slide 10: SBA Loans
SBA Loans 10 SBA Portfolio by IndustrySBA Portfolio by Location December 31, 2025 ($265 million)
Slide 11: SBA Loans
* Excludes $22.5 million in SBA C&I loans. SBA Loans 11 SBA Portfolio by Collateral TypeSBA Portfolio* by LTV
Slide 12: Deposit Trend
Deposit Trend 12 Noninterest Bearing Deposits ($mm)Deposit Composition ($mm) Cost of Deposits (%) CD Maturity Schedule ($mm)
Slide 13: Earnings & Profitability
Earnings & Profitability 13 Noninterest Income ($mm)Net Interest Income ($mm) & Net Interest Margin (%) * Interest Income & Interest Expense ($mm) Noninterest Income Components ($mm) * Annualized.
Slide 14: Earnings & Profitability
Earnings & Profitability 14 Efficiency Ratio (%)Noninterest Expense ($mm) Noninterest Expense Components ($mm) Efficiency Ratio Components (%) * * Ratios for Efficiency Ratio Components are percentages of average assets and are annualized.
Slide 15: Earnings & Profitability
Earnings & Profitability 15 Pre-Provision Net Revenue ($mm)*Provision for Loan Losses ($mm) Net Income ($mm) & Diluted EPS ($) Return on Assets & Return on Equity (%) * Pre-provision net revenue is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures on Page 19.
Slide 16: Net Interest Margin Trend
Source: Target Fed Funds Rate per Federal Open Market Committee guidance. Net Interest Margin Trend 16
Slide 17: Credit Quality
Credit Quality 17 Criticized Loans ($mm)Nonperforming Loans ($mm) Net Recoveries (Charge-Offs)** ($mm)Allowance for Credit Losses* ($mm) * Exclude the guaranteed portion of SBA loans that are in liquidation. ** Annualized
Slide 18: Liquidity & Capital
Liquidity & Capital 18 Total Available Liquidity* ($mm)Liquidity Assets ($mm) Tier 1 Leverage ($mm) Total Risk Based Capital ($mm) * Represent the sum of liquid assets and available borrowings.
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation 19 Pre-Provision Net Revenue ($ in thousands) 4Q-25 3Q-25 2Q-25 1Q-25 4Q-24 Interest income 39,282$ 38,522$ 37,665$ 34,859$ 35,051$ Interest expense 18,419 18,176 17,944 17,441 18,122 Net interest income 20,863 20,346 19,721 17,418 16,929 Noninterest income 3,418 4,130 3,968