Baycom Corp · NASDAQ:BCML
Baycom — 3rd Quarter 2021 Investor Conference
23 slides from Baycom's conference presentation, Nov 3, 2021
Slide 1: 3rd Quarter 2021 Investor Conference
1 3rd Quarter 2021 Investor Conference November 4 and 5, 2021 NASDAQ: BCML
Slide 2: Presentation Disclosure
2 Presentation Disclosure This investor presentation has been prepared by BayCom Corp (“BCML” or the “Company”) solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in making their
Slide 3: Forward-looking statements on proposed acquisition of Pacific Enterprise Bancorp
3 Further, statements about the potential effects of the proposed acquisition of Pacific Enterprise Bancorp (“PEB”) on our business, financial results, and condition may constitute forward-looking statements and are subject to the risk that the actual effects may differ, possibly materially, from wh
Slide 4: Additional Information about the Proposed Merger and Where to Find It
4 Additional Information about the Proposed Merger and Where to Find It. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. Investors and security holders are urged to carefully review the Company’s
Slide 5: BayCom Corp – Who we are
5 BayCom Corp – Who we are Overview Financial Highlights (1) Annualized. (2) Nonperforming assets consists of non-accruing loans, accruing loans 90 days or more past due, and other real estate owned. ❑ BayCom Corp is the bank holding company for United Business Bank ▪ Founded the Bank in 2004 and he
Slide 6: Company Strengths
6 Company Strengths ❑ Seasoned and talented management team who founded and led the Company since 2004 ❑ Disciplined acquisition strategy and proven track record of integrating banks ▪ The Company recorded bargain purchase gains in three of its nine completed acquisitions with the other six having t
Slide 7: Experienced Leadership Team
7 Experienced Leadership Team Name / Title Experience Background George J. Guarini 33 years • President and Chief Executive Officer since the Bank began operations in 2004 President & Founding CEO • Held key executive and senior level management positions with national and regional institutions Chie
Slide 8: Disciplined Acquisition Strategy
8 Headquarters of Potential Acquisition Opportunities Disciplined Acquisition Strategy ❑ Strategic consolidation of community banks ▪ Provides scale and operating efficiencies ▪ Adds experienced and knowledgeable banking talent ▪ Opportunity to improve concentration ratios ▪ Opportunity to reduce co
Slide 9: Key Highlights of Current Markets
9 ▪ We serve the Sacramento-Roseville-Arden-Arcade MSA through one branch office •Population of approximately 2.3 million, the state capital, median household income of $63,727, and a projected population growth of 5.1% through 2022 ▪ The Stockton-Lodi MSA in Central California is home to two branch
Slide 10: Pending and Recent Acquisitions
10 (1) At announcement, for most recent quarter ended. In thousands. (2) At announcement. In thousands. For Uniti transaction, includes the cash out of options. (3) At announcement, for the most recent period ended. (4) For the first full calendar year after close. Based on BayCom consensus estimate
Slide 11: Loan Portfolio
11 ❑ $1,645 million total loans (excluding loans held for sale) ❑ Approximately 32% of the loan portfolio is from the San Francisco Bay Area ❑ Average yield on total loans of 4.67% for nine months ended 9/30/2021 ❑ SBA Preferred Lender ▪ YTD $36.0 million of SBA loans (guaranteed portion) were sold
Slide 12: Allowance for Loan and Lease Losses
12 Allowance for Loan and Lease Losses ❑ $17.3 million total allowance for loans and leases ❑ 0.35% = Nonperforming assets / total assets ❑ 0.50% = Nonperforming loans / total loans ❑ $14MM = classified assets graded substandard or doubtful ❑ 1.05% = Allowance of loan and lease losses / total loans
Slide 13: Deposit Portfolio Summary
13 Deposit Portfolio Summary Deposit Composition as of Sept 30, 2021 At Sept 30, 2021: ❑ $2.0 billion total deposits ❑ Noninterest-bearing demand represents 37% of total deposits ❑ Interest bearing demand, savings and money market accounts represent 52% of total deposits ❑ Time deposits represent 11
Slide 14: Attractive Net Interest Spread
14 Attractive Net Interest Spread Note: Annual data as of or for the year ended December 31 of each respective year. Q3 2021 data as of or for the nine months ended September 30, 2021. 4.59% 4.54% 4.77% 4.27% 3.72% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 2017 2018 2019 2020 YTD Q3 2021 Yield on In
Slide 15: Shareholder Tangible Book Value
15 Shareholder Tangible Book Value Note: Annual data as of or for the year ended December 31 of each respective year and Q3 2021 data as of or for the nine months ended September 30, 2021 (1) Tangible Book Value excludes Goodwill and Core Deposit Intangible; see reconciliation of Non-GAAP financial
Slide 16: Shareholder EPS
16 Shareholder EPS Note: Annual data is for the year ended December 31 of each respective year. Q3 2021 data is for the nine months ended Sept 30, 2021. In 2020, there was $3.0 million in pre-tax merger expenses related to the GMB acquisitions. In 2019, there was $6.6 million in pre-tax merger expen
Slide 17: Corporate History
17 Corporate History Opened Bay Commercial Bank Acquired Global Trust Bank Acquired Community Bank of San Joaquin Raised $16.8 million of common stock from institutional and individual investors Acquired Valley Community Bank Acquired United Business Bank, FSB (FULB) Acquired Plaza Bank Formed Bank
Slide 18: Demonstrated Track Record of Growth
18 Demonstrated Track Record of Growth Total Assets ($mm) Total Net Loans ($mm) Total Deposits ($mm) Net Income ($000) Note: Annual data as of or for the year ended December 31 of each respective year. Q3 2021 data as of or for the nine months ended September 30, 2021. $1,246 $1,478 $1,994 $2,196 $2
Slide 19: Strong Credit Quality
19 Strong Credit Quality Net Charge-Offs (Recoveries) Nonperforming Assets / Total Assets1 Allowance for Loan Losses / Total Loans Net Charge-Offs (Recoveries) / Average Loans Note: Annual data as of or for the year ended December 31 of each respective year. Q3 2021 data as of or for the nine months
Slide 20: Financial Performance Summary
20 Financial Performance Summary Return on Average Assets Return on Average Equity Efficiency Ratio1 Note: Annual data for the year ended December 31 of each respective year. Q3 2021 data for the nine months ended September 30, 2021, annualized. (1) Calculated by dividing noninterest expense by the
Slide 21: Appendix
21 Appendix
Slide 22: Non-GAAP Reconciliation
22 Non-GAAP Reconciliation Tangible Common Equity and Tangible Assets (Dollars in thousands except per share data) As of Sept 30, 2017 2018 2019 2020 2021 Tangible Common Equity: Total Common Shareholders Equity 118,635 $ 200,752 $ 254,220 $ 252,591 $ 257,270 $ Adjustments: Goodwill (10,365) (14,594
Slide 23: Questions? Contact Information
23 Questions ? CONTACT INFORMATION BayCom Corp George J. Guarini, Founding Director and CEO 500 Ygnacio Valley Road Suite 200 Walnut Creek, CA 94596 gguarini@ubb-us.com 925.476.1800 Keary Colwell, Sr. Executive VP/CFO 500 Ygnacio Valley Road Suite 200 Walnut Creek, CA 94596 kcolwell@ubb-us.com 925.4