Baycom Corp · NASDAQ:BCML
Baycom — 1st Quarter 2020 Investor Conference
21 slides from Baycom's conference presentation, Jan 28, 2020
Slide 1: 1st Quarter 2020 Investor Conference
1 1st Quarter 2020 Investor Conference January 29 and 30, 2020 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 thei
Slide 3: BayCom Corp – Who we are
3 Baycom Corp – Who we are Overview Financial Highlights (1) Annualized (2) Nonperforming assets consists of non - accruing loans and other real estate owned □ BayCom Corp is the bank holding company for United Business Bank ▪ Founded in 2004 and headquartered in Walnut Creek, California ▪ Full serv
Slide 4: Company Strengths
4 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 5: Experienced Leadership Team
5 Experienced Leadership Team Name / Title Experience Background George J. Guarini 31 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 financial institu
Slide 6: Disciplined Acquisition Strategy
6 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 drive dow
Slide 7: Key Highlights of Current Markets
7 ▪ We serve the Sacramento - Roseville - Arden - Arcade MSA through one branch office • P opulation 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
Slide 8: Shareholder EPS
8 Shareholder EPS Note: Annual data for the year ended December 31 of each respective year. In 2019, there was $4.7 million in after tax merger expenses. In 2018, there was $2.3 million in pretax merger expenses. In 2017, there were $3.5 million in pretax merger expenses and an income tax rate chang
Slide 9: Pro Forma With Grand Mountain Acquisition
9 ProForma With Grand Mountain Acquisition (1) Pro Forma total assets, total loans and total deposits in millions Proforma Baycom with Baycom with Grand Mountain 12 Mo Ended 12 Mo Ended Dec 31, Dec 31, Description 2019 1 2019 1 Total Assets 1,994.15$ 2,126.65$ Total Loans 1,459.34$ 1,556.04$ Total D
Slide 10: Loan Portfolio
10 □ $1,458.1 million total loans (excluding loans held for sale) □ Approximately 35% of the loan portfolio is from the San Francisco Bay Area □ Average yield on total loans of 5.68% for 2019 ▪ 22% mature or reprice within 12 months □ SBA Preferred Lender ▪ During 2019, $38.4 million of SBA loans (
Slide 11: Commercial and Multifamily Real Estate Detail
11 Commercial and Multifamily Real Estate Detail CRE and Multifamily Loan Composition as of December 31, 2019 □ $1,084 million total commercial and multifamily real estate loans (not including construction loans) □ Diversified by property type □ 65% floating rate vs. 35% fixed 1 □ 40% of floating ra
Slide 12: Deposit Portfolio Summary
12 Deposit Portfolio Summary Deposit Composition as of December 31, 2019 At December 31, 2019: □ $1.7 billion total deposits □ Noninterest - bearing demand represents 34% of total deposits □ Interest bearing demand, savings and money market accounts represent 47% of total deposits □ $266 million in
Slide 13: Attractive Net Interest Spread
13 Attractive Net Interest Spread Yield on Interest - Earning Assets Cost of Average Interest - Bearing Liabilities Net Interest Spread Net Interest Margin Note: Annual data as of or for the year ended December 31 of each respective year 4.47% 4.74% 4.59% 4.54% 4.77% 4.30% 4.35% 4.40% 4.45% 4.50% 4.
Slide 14: Shareholder Tangible Book Value
14 Shareholder Tangible Book Value Note: Annual data as of or for the year ended December 31 of each respective year. Tangible Book Value excludes Goodwill and Core Deposit Intangible; see reconciliation of Non - GAAP financial measures at the end of this presentation □ During 2015, the Company reco
Slide 15: Corporate History
15 Corporate History Opened Bay Commercial Bank Acquired Global Trust Bank Acquired Community Bank of San Joaquin Raised $16.8 million of common stock from institutional and individual investors Acquired Valley Community Bank Acquired United Business Bank, FSB Acquired Plaza Bank Formed Bank Holding
Slide 16: Demonstrated Track Record of Growth
16 Demonstrated Track Record of Growth Total Assets ($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. $623 $675 $1,246 $1,478 $1,994 $0 $500 $1,000 $1,500 $2,000 $2,500 2015 2016 2017 2018 2019 $460 $
Slide 17: Strong Credit Quality
17 Strong Credit Quality Net Charge - Offs (Recoveries) Nonperforming Assets / Total Assets 1 Allowance for Loan Losses / Total Loans ² Net Charge - Offs (Recoveries) / Average Loans Note: Annual data as of or for the year ended December 31 of each respective year. (1) Nonperforming assets consists
Slide 18: Financial Performance Summary
18 Financial Performance Summary Return on Average Assets Return on Average Equity Efficiency Ratio 1 Note: Annual data for the year ended December 31 of each respective year. (1) Calculated by dividing noninterest expense by the sum of net interest income before provision for loan losses plus nonin
Slide 19: Appendix
19 Appendix
Slide 20: Non-GAAP Reconciliation
20 Non - GAAP Reconciliation Tangible Common Equity and Tangible Assets (Dollars in thousands except per share data) 2015 2016 2017 2018 2019 Tangible Common Equity: Total Common Shareholders Equity 72,381$ 78,063$ 118,635$ 200,753$ 254,220$ Adjustments: Goodwill - - (10,365) (14,594) (35,466) Core
Slide 21: Questions? Contact Information
21 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 9