West Coast Community Bancorp · NASDAQ:WCCB
West Coast Community Bancorp — Investor Presentation (July 2025)
40 slides from West Coast Community Bancorp's investor presentation, July 2025
Slide 1: Investor Presentation July 2025
I N V E S TO R P R E S E N TAT I O N July 2025
Slide 2: Disclaimer
D IS C LA IME R This investor presentation has been prepared by West Coast Community Bancorp (traded as “WCCB" on the OTCQX, the "Company"), and its wholly owned subsidiary, West Coast Community Bank (formerly known as Santa Cruz County Bank) (the “Bank”), solely for informational purposes based on
Slide 3: West Coast Community Bank
WE S T C OA S T C OMMU N IT Y B A N K Largest community bank headquartered in California’s Central Coast region; founded in Santa Cruz in 2004 Approximately 225 employees as of June 30, 2025 $2.7 billion in assets as of June 30, 2025 West Coast Community Bancorp was established as the Bank's holding
Slide 4: Leadership Team
LE A D E R S HIP T E A M Krista Snelling Cecilia Situ Jon P. Sisk Angelo DeBernardo, Jr. President & Chief Executive Officer EVP Chief Financial Officer EVP Chief Banking Officer EVP Chief Lending Officer Mark Gouvion Shawn Lipman Matthew March Maxwell Sinclair EVP Chief Operations Officer EVP Chief
Slide 5: Attractive Markets
AT T R A C T IV E MA R K E T S County # of Branches Deposit Market Share* Population** Median Household Income** Santa Cruz County 5 15.12% *** 271K $106K Monterey County 3 7.93% *** 439K $88K San Luis Obispo County 1 0.63% 282K $93K Santa Clara County 1 0.06% 1.9MM $155K *Per FDIC data as of June 3
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS WEST COAST COMMUNITY BANCORP
Slide 7: Q2 2025 Consolidated Financial Results
Q 2 2 0 2 5 C O N S O L I D AT E D F I N A N C I A L R E S U LT S Strong Earnings Balance Sheet Strength Consistent Profitability Healthy Credit Quality Metrics $2.650 Billion $32.8 Million 1.95% / 1.98%(1) 0.16% Total Assets Q2 Net Interest Income Q2 ROAA / Q2 Non- NPAs/Assets GAAP Adjusted ROAA $2
Slide 8: Solid Liquidity Position
S OLID LIQU ID IT Y P OS IT ION ($ in 000s) As of June 30, 2025 Strong on-balance- As of of sheet liquidity coupled 6/30/2025 3/31/2025 6/30/2024 Cash and due from banks $ 40,397 $ 45,350 $ 36,127 with available external Unencumbered AFS securities 270,805 268,525 163,355 contingency liquidity Total
Slide 9: Investment Portfolio Composition
I N V E S T M E N T P O RT F O L I O COMPOSITION Municipal Bond Ratings AAA 18% AA 69% A 7% SBA-backed 2% Effective duration 1.1 NR* 6% As of June 30, 2025 Chart includes available-for-sale ("AFS") securities at market value Municipal bonds 24% Effective duration 6.5 and held-to-maturity ("HTM") Ass
Slide 10: Attractive Deposit Mix
AT T R A C T IV E D E P OS IT MIX As of June 30, 2025 Top 10 deposit relationships (excluding government agency deposits Money Market 32% that are fully collateralized) represent Savings approximately 11% of total deposits. 8% Growth opportunities include: CDs • Expanded Central Coast presence 7% In
Slide 11: 2025 YTD New Deposit Relationship Growth
2025 YT TDDNNEEWW DDEEPPOOSSI T IT R E L AT A TIIO ON S H I P G R O OWWTTH H New Relationship Deposits by Region ($ in millions) 541 $15.2 Accounts Opened $12.0 $70 Thousand $9.7 Average Balance per Account $37.9 Million In New Deposits $1.0 Monterey Silicon Valley Santa San Luis County Cruz Obispo
Slide 12: Deposit Characteristics
D E P OS IT C H A R A CT E RIS T IC S ($ in 000s) Insured deposits $2,500,000 include fully collateralized balances. $2,000,000 48% 47% 48% IntraFi reciprocal $1,108,725 $1,062,831 $1,077,508 deposit $1,500,000 network products 45% maximize depositors' 43% $690,342 $622,321 FDIC insurance $1,000,000
Slide 13: Strong Deposit Franchise
S T R ON G D E P OS IT F R A N C HIS E Granular Deposit Account Composition ($ in 000s) 34% Personal Deposits As of June 30, 2025 Total Personal Deposits $ 759,357 Number of Accounts 15,004 Average Balance Per Account $ 51 Total Business Deposits $ 1,500,700 Number of Accounts 8,878 Average Balance
Slide 14: Disciplined Credit Culture
D IS C IP LIN E D C R E D IT C U LT U R E Nonperforming Loans Including Deferred Loan Fees and Costs* As of June 30, 2025 ($000) 2020 2021 2022 2023 2024 2025Q1 2025Q2 Nonaccrual Loans Nonperforming loans to total Commercial & Industrial $0 $163 $1,243 $0 $0 $0 $0 loans of 0.11%. Construction 0 0 99
Slide 15: Loans by Type
LOA N S B Y T Y P E ($ in millions) SBA 7a, B&I and FSA $177 9% $2.13 Billion in Total Outstanding Loans* Consumer and Other as of June 30, 2025 $38 2% Q2 2025 tax equivalent loan yield of 7.15%, up 3 bps from 7.12% in Commercial & Q1 2025. Industrial $336 Increase was mainly driven by Commercial Re
Slide 16: Real Estate Loan Detail
R E A L E S TAT E LOA N D E TA IL ($ in millions) $1.35 Billion in Total Real Estate Loans * as of June 30, 2025 1-4 SFR Bay Area** $72 Farmland $41 $43 5% 3% 3% Retail $152 11% Hotel Santa Cruz Monterey Other CRE, OO $240 County County $227 18% $488 $440 17% 36% 33% Multifamily Other CRE, NOO $226
Slide 17: Organic Loan Growth and Pricing
OR GA N IC LOA N GR OWT H A N D P R IC IN G ($ in 000s) 1 2 3 4 5 6 Loan balances are reported gross and exclude deferred expenses and fees, and unaccreted purchase discount. Loan rates are weighted by loan balances and exclude fees/purchase discount accretion. Q4-2024 loan growth data excludes loan
Slide 18: Fixed vs. Variable Rate Loans and Repricing Timeline
FIXED V VSS.. VVA ARRIIAAB BL E RRA ATTE LOANS S AND R RE E P R I C I N G T IIM MEELLIIN NEE ($ in ($ in millions) millions) Interest Rate Structure as of June 30, 2025 At Floor1 Floating/lnstant2 Fixed Rate3 Adjustable Rate Adjustable Rate Reprice Timeline CRE Other Loans SBARE $437 (20.5%) $611 (2
Slide 19: Fixed vs. Variable Rate Loans and Loan Floor Rates
FIXED V VSS.. VVA ARRIIA ABBL E R RAAT S AND TE LOANS LOAN FLOOR R RA ATTES ($ in ($ in millions) millions) Interest Rate Structure as of June 30, 2025 • At Floor •Floating/lnstant • Fixed Rate • Adjustable Rate Interest Rate of Loans at the Floor $296 (13.9%) 3% - 4% $129 $789 (37.0%) $437 4.01% -
Slide 20: Upcoming CRE Interest Rate Repricing
U P C OM I N NGGC CRREE IINNTTEERREESSTT RRAAT T EE RREEPPRRI C I CI N I NGG ($ in ($ in millions) millions) Scheduled Interest Rate Repricing Through June 2027 Non-Owner-Occupied CRE with a Senior Lien, Non-SBA; Data as of June 30, 2025 Total Loans to Reprice % of Total NOO CRE $ 187.15 18.0% Avg.
Slide 21: Non-Owner-Occupied CRE Loans: 15% NOI Decline Stress Test
NNON O N-OWN - O W NE ERR-OC - O CC U P IIE RE ED CR E LLO OA NS AN S ($ ($ in in millions) millions) Stress Test: 15% Decline in Net Operating Income Non-Owner-Occupied CRE, Non-SBA Loans as of June 30, 2025 $21 (10.5%) Stressed DSCR Loans thathave Loans that haveaa stressed DSCR stressedless DSCRt
Slide 22: Non-Owner-Occupied CRE Loans: 25% Collateral Value Decline
NNON O N-OWN - O W NE ERR-OC - O CC U P IIE RE ED CR E LLO OA NS AN S ($ ($ in in millions) millions) Stress Test: 25% Decline in Real Estate Collateral Value Non-Owner Occupied CRE, Non-SBA as of June 30, 2025 *$10.92 millionbridge *$10.92 million bridgeloan loan secured $8.30 (4.15%) by a hotel se
Slide 23: Changes in the Credit Reserve
C H A N GE S IN T H E C R E D IT R E S E RVE ($ in 000s) $34,000 $33,800 Unallocated Portion of $169 $28 $5 Q2 Provision $33,551 $33,600 Net Recoveries Change in $(44) $33,400 $291 (Charge Offs) Individually Change due to Analyzed Q-Factors & Reserves $33,200 $33,102 worsening FOMC Increase in Unemp
Slide 24: Consistent Balance Sheet Growth
C ON S IS T E N T B A LA N C E S H E ET GR OWT H ($ in millions) Total Assets Gross Loans Excl. PPP & Purchase Discounts $2,680 $2,658 $2,650 $2,076 $2,133 $2,135 * $994 $1,701 $1,744 $1,794 $1,411 $639 $0 $0 $1,423 $1,265 $1,109 $917 2020YE 2021YE 2022YE 2023YE 2024YE 2025QE1 2025Q2 2020YE 2021YE 2
Slide 25: Strong Profitability
S T R ON G P R OF ITA B IL IT Y ($ in millions) Net Income 2.05% 2.14% 2.08% 1.99% $12.0 $13.1 1.94% 1.98% 1.98% 1.98% 1.84% $11.7 $14.0 1.93% 1.87% 1.95% 1.78% $8.5 $8.6 $9.1 $9.3 0.57% $8.8 $8.2 $8.3 $8.2 $11.7 $12.9 $3.8 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 Net Income Ne
Slide 26: High Margin Drives Profitability
H IGH MA R GIN D R IV E S P R OF ITA B ILIT Y ($ in millions, except per share data) Net Interest Income/Net Interest Margin * 4.93% 4.83% 4.93% 5.38% 5.29% 5.30% 4.91% 4.87% 4.99% $20.0 $20.9 $20.6 $20.3 $20.2 $20.5 $34.1 $32.3 $32.8 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 Ne
Slide 27: Disciplined Expense Management Enhances Profitability
DISCIPLINED EXPENSE MANAGEMENT E N H A N C E S P R O F I TA B I L I T Y ($ in millions) Noninterest Expense 61.62% $11.7 45.30% 45.76% 46.48% 45.16% 43.37% 42.81% 41.52% 38.23% 43.80% 43.65% 43.05% 45.38% 44.85% $15.5 $21.6 $15.4 $8.7 $9.4 $9.1 $9.6 $9.9 $8.5 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q
Slide 28: Relationship-Based Pricing Drives NIM and Loan Yields
R E L AT I O N S H I P - B A S E D P R I C I N G D R I V E S NIM AND LOAN YIELDS 5-Year Yield on Loans and Net Interest Margin * Trend Compared to Peers 8.00% 7.15% 7.00% 5.97% 6.00% 5.30% 5.00% 4.00% 4.50% 3.57% 3.00% 2.00% 1.00% 0.00% 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 202
Slide 29: Disciplined Pricing Drives Low Cost of Funds
DISCIPLINED PRICING DRIVES LOW COST OF FUNDS 5-Year Cost of Funds Trend Compared to Peers 2.50% 2.00% 1.70% 1.50% 1.41% 1.00% 0.50% 0.00% 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q
Slide 30: Robust Capital Position Even Post-Merger
R O B U S T C A P I TA L P O S I T I O N E V E N P O S T- M E R G E R TCE Ratio Tier 1 Ratio 14.34% 11.47% 13.62% 13.69% 13.72% 10.75% 11.26% 12.24% 12.47% 12.74% 10.03% 9.90% 10.14% 9.44% 2020YE 2021YE 2022YE 2023YE 2024YE 2025QE1 2025Q2 2020YE 2021YE 2022YE 2023YE 2024YE 2025QE1 2025Q2 Total Capit
Slide 31: Tangible Book Value per Share Continues Upward Trend
TA N G I B L E B O O K VA L U E P E R S H A R E C O N T I N U E S U P WA R D T R E N D $27.51 $26.32 $25.09 $24.10 $20.04 $18.50 $16.50 2020YE 2021YE 2022YE 2023YE 2024YE 2025QE1 2025QE2 Tangible Book Value per Share = (Shareholder’s Equity - Goodwill & Intangibles)/Outstanding Shares Adjusted for s
Slide 32: Diluted Earnings per Share Resumes Upward Trend
DILUTED EARNINGS PER SHARE R E S U M E S U P WA R D T R E N D $3.28 $1.22 $1.10 Diluted Earnings per Share = Net Income/(Weighted Average Common Shares + Dilutive Common Shares) 2024 diluted EPS adjusted for merger related expenses but included purchase accounting adjustment accretion/amortization.
Slide 33: Shareholder-Focused
S H A R E H OLDE R-F OC U SE D Superior Price Performance Cash Dividend 20% $0.21 10% $0.20 $0.19 $0.18 0% $0.17 $0.17 $0.17 $0.16 -10% -20% -30% -40% -50% Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 WCCB NASDAQ Relative Price Performance % through July 16, 2025 33
Slide 34: Community Reinvestment
C OMMU N IT Y R E IN V E S T ME N T Nearly 450 Hours of Community Service in Q2 2025 Outstanding CRA Rating – Corporate Leadership Through volunteerism and service on boards and committees, we reinvest our time and Stroke Awareness Foundation Salinas Valley Fair financials into the communities we se
Slide 35: Rankings and Recognition
R A N K IN GS A N D R E C OGN IT ION National California NEWSWEEK MAGAZINE Named one of the 2025 Top 500 Regional Banks & Credit Unions in the U.S. THE FINDLEY REPORTS INC. S&P GLOBAL MARKET Super Premier Performing Bank for 15 consecutive years. INTELLIGENCE Ranked #62 among top U.S. community bank
Slide 36: Rankings and Recognition
R A N K IN GS A N D R E C OGN IT ION Local GOOD TIMES READERS' POLL SILICON VALLEY "BEST OF SANTA CRUZ COUNTY" Voted Best Local Bank for the 13th consecutive year. BUSINESS JOURNAL Ranked #1 for Silicon Valley Banks with Fastest-growing Deposits for deposits as of December 31, 2024. THE PAJARONIAN R
Slide 37: Appendices
APPENDICES WEST COAST COMMUNITY BANCORP
Slide 38: Highlights
H IGH LIGH T S Capacity to Grow Profitability Consistent growth via organic expansion and strategic Profitability metrics are best mergers amongst peers Robust capital levels Disciplined expense Attractive markets management Featured Business Lines Clear Vision SBA lending expertise Ne
Slide 39: Non-GAAP Reconciliation
N ON -GA A P R E C ON C ILIAT ION Tangible common equity to tangible assets (the "tangible common equity ratio") and tangible book value per share are non-U.S. GAAP financial measures derived from U.S. stock GAAP-based amounts. We calculate the tangible common equity ratio by excluding the balance o
Slide 40: Non-GAAP Reconciliation (Continued)
N ON -GA A P R E C ON C ILIAT ION (CONTINUED) All dollars in thousands 30-Jun All dollars in thousands 30-Jun 2025 2025 QTD Net Income $12,918 QTD Net interest income reported per GAAP $32,807 Add: net loss on sale of investments 21 QTD Non-interest expense reported per GAAP $15,448 Add: accelerated
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