Slide 1: Investor Presentation May 2012
Oodctrust BANCORP,INC* Investor Presentation May 2012
Slide 2: Forward-looking Statements
Executing on Growth Opdctrust Forward-looking Statements ‘when ein hi pesenabe din documents ld with or umanes to te Sesues and Exchonge Conon (the “EC, res ee or ote pub sharhager ‘onmuncatans rina ttamets made ith he approval ofan ouoned eects oer the wor orpaser “elev” wl” shoul" ey ek” “oe ‘Scpe
Slide 3: Why Invest in First PacTrust?
Executing on Growth pdctrust Why Invest in First PacTrust? Y First PacTrust is a strong growth oriented Bank — Sound Business Plan — Strong capital position — Proven growth model with 15.9% year-over-year increase in total asset: — Strong franchise development with 21.7% growth in deposits in 2011.
Slide 4: Company Background Information
oO ciRst Executing on Growth pactrust Company Background Information Unitary savings and oan holding company $1.08 Billion total assets as of March 31, 2012 ‘wholly-owned subsidiary, Pacific Trust Bank (Bank), isa federal savings bank Headquartered in Irvine, California and primarily serves San Dieg
Slide 5: Delivered in 2011 — Organic and Acquisitive Growth
Executing on Growth Opdctrust Delivered in 2011 — Organic and Acquisitive Growth mPacTrust mBeach mGateway ‘+ Management additions completed + Repostioned products + 2MOUsteminated Strengthen Infrastructure + Delinquencies declined by 67% In Improveasset [iircrtl quality + vps at 3.495 of total asse
Slide 6: Business Foundation - Philosophy
Executing on Growth Opdctrust Business Foundation - Philosophy ‘Management Team Mission Statement: Tobe the premier community baka Scuthern calor ae rea ace never eee worth individuals, Access to CE profesional smallto ore Sheet ‘mid sized businesses and sf Taleo
Slide 7: Management Team
Obdctrust Management Team Executing on Growth © off (Giep Michal Presiden CEO” Trawiored a that wih sic benches and 700 rallonm assets 68 ranch and $77 bilon rations! tone ~ Inestment Saker fcusing on regional banks Former repltr with OTS, founder of Captal ‘Assistance Grup or toubed hits dung RTC R
Slide 8: Continued strong capital position at Bancorp and Pacific Trust Bank
Executing on Growth oO © Continued strong capital position at Bancorp and Pacific Trust Bank TCE to Assets* 200% '* Added morethan $100 million of new capital and liquidity over the past 18months = $60milion of pipe deal completed in 150% November 2010, and repaid all $19.3, nee milion of TARP cou =
Slide 9: Growth Strategy
Executing on Growth Obdactrust Growth Strategy @ 1. Organic Growth Y increase market penetration within the Bank’s primary footprint and expand into neighboring regions —Open new retail banking locations and staff with well known community bankers to attract core deposits —Enhance loan and deposit p
Slide 10: Market Opportunity
OBactrust market Oppaduniy = $1.0Billion* with Assets (Gm) los Angeles Serve Areas Sm834 $96 San Dego/Ornge County Servis Areas so27 238 Belief |__ Rationale 1. Banks th eas than $00 milion to $1 bilfonin ~ Banks facingincreasedregulatr and easngs tose in outer California subsea on face jreesun atim
Slide 11: Significantly improved asset quality
Executing on Growth © pdctrust Credit Metrics )] Significantly improved asset quality Delinquencies declined by 87% from $54.8 million at 3/31/2011 to $7.1 million at 3/31/2012 ‘Asset Quality Trends (30-59), (60-89), and (90+) Delinquencies 3.0% 2.0% Ee 7.09% 60% 0% 40% 30% 20% ao | 0.0% $208 ss | 2
Slide 12: Credit Quality
Executing on Growth © pdctrust Credit quality (2) NPAs include loans that are more than 89 days delinquent Delinquencies & NPA Components Allowance for Loan & Lease Losses (ommend ‘bh 6 ——— suo 00% sno 00% $100 s20 s80 22 So 100% s10 ta | son 20 i $00 Faru [osu [asus fars [aus OREO minccioon [wa las
Slide 13: Classified/Criticized Loans
Executing on Growth Opdctrust Classified/Criticized Loans 1m Special Mention 1 Substandard aut a2a1 asa asan ani Total classified loans (i.e. Substandard) totaled $25.5 12/31/2011, 221.5% decline ion at 3/31/2012 compared to $32.5 milion at ¥ Classified and Criticized loans totaled $43.4 milion, a d
Slide 14: OREO Overview
Executing on Growth [ 2) Opdctrust OREO Overview DATAAS OF MARCH 31,2032 TOTAL NUMBER OF ASSETS 35 7 BOOK VALUE OF ASsers 5.921.651 $5.921.637 BREAKDOWN: RESIDENTIAL ia commencia Ea ano] = cs + ailoneois cared lvelsnomere hans ofthe mostrecentaporasedvalue + Sold 10 assets representing $5.4 million
Slide 15: Liquidity
Opactrust Lauicity ro) PTB and First PacTrust Bancorp have sufficient liquidity to support organic growth and acquisitions © Cash and Liquid Assets as of 3/31/2012 = Cash & cash equivalents 6.1% of assets — Securities 9.3% of assets — Total liquid assets 14.2% of assets — First PacTrust Bancorp rais
Slide 16: Scalable Business Rationale
Executing on Growth O)Pdctrust scalable Business 6 Rationale
Slide 17: Balance Sheet Capacity
Executing on Growth Opdctrust Balance Sheet Capacity 6 Excess capital to * Asset allocation support organic flexibility growth —Low CRE concentration Excess capital to —Low C&l concentration support acquisitions i SEX First PacTrust is well-positioned for growth First PacTrust is well-positioned to
Slide 18: Loans
oO ciRst pactrust Loans © 1.2012 quarter end balance increased by $52.7 million to $828 million * Loan production grew over Q4 2011 by $57 milion with average coupon of 5.05% on organic growth and yield of 9.55% on purchased loans portfolio of $19.4 million of performing SFR loans © Non-Accrual loan
Slide 19: Deposits
Executing on Growth Opdctrust Deposits 6 $900 1.00% Outstanding Deposit Balances Iberian © Qi 2012 ending deposits grew by $68 as million over 12/3/2011 to $854 million, = De novo branches added $25.5 $800 million in deposits in Qa 2012 0.0% © Q12012 cost of deposits declined 1 basis 0.60% point to
Slide 20: Net Interest Margin
Executing on, rowth Opdctrust Net Interest Margin © Net interest margin for Q1 2012 rose by 27 bps over Q4 2011 levels primarily driven by 28 bps increase in yield on our assets which reflects the higher coupon rates on the newer book of business © Average earning assets grew $85 million or 9.5% in
Slide 21: Non-Interest Income Opportunities
Executing on Growth Opdctrust Non-Interest Income Opportunities FACTOR DRIVER ] VY Mortgage Banking Gain-on-Sale * Acquired Gateway platform (MHMB) ¥ SBA Gain-on-Sale * Acquired Beach and Gateway platforms VY Investment fees * Launched platform in partnership with Essex Y Insurance fees * ©2012 init
Slide 22: Non-Interest Expense Opportunities
Executing on Growth Opdctrust Non-Interest Expense Opportunities | FACTOR DRIVER ¥ Reduced drag from NPA resolution cost. = * and REO expense Aggressive NPA management MTM on acquired impaired assets: Y Strengthening infrastructure Increased efficiencies from single platform solutions a
Slide 23: M&A
Executing on Growth Opactrust M&A © strong capital levels, liquid currency and emerging reputation within the California banking market have resulted in a very high level of reverse inquiry among banks and other financial intermediaries seeking a merger partner. © Renewed stress in economic markets
Slide 24: Gateway and Beach Business Banks
Executing on Growth Odctrust Gateway and Beach Business Banks © Beach Business Bank is expected to join the PacTrust Bancorp. family in Q2 2012 — Moderate first year lift from “cross introduction” of Beach and PacTrust products — Bob Franko expected to accelerate growth in SBA, C&l and DDA relations
Slide 25: Franchise Map: Branches & Offices
Franchise Map: Branches & Offices Operate 14 banking offices serving San Diego, Los Angeles, Orange, and Riverside Counties 19 banking offices following completion of announced acquisitions of Beach and Gateway Business Bank Pro FormaBanking BranchMap* Pro-formamap with mongageotfices Ea 5 De Novo o
Slide 26: Delivering in 2012
Executing on Growth Opdctrust Delivering in 2012 Grey eure | * Gateway: mortgage bankingplatform Gateway and Beach '¢ Beach: business banking platform ‘+ CRE + C&i lending + increase b/s efficiency (cash / NPAs) Se aM « cohancing denosit franchise s * Gain-on-sale: mortgages & SBA Growf pal + Fee in
Slide 27: Long-term Goals
Executing on Growth Opdctrust Long-term Goals San Diego Counties 26
Slide 28: Why Invest in First PacTrust
Executing on Growth Opdctrust Why Invest in First PacTrust First PacTrust is well-positioned to become a lead bank consolidator in Southern California First PacTrust is a strong bank that will provide solid qualitative earnings with low credit risk. First PacTrust offers investors an attractive inve
Slide 29: Appendix
Executing on Growth APPENDIX 28
Slide 30: Non-GAAP Financial Information
Executing on Growth st Odctrust Non-GAAP Financial Information “This presentation contains certain nancial information determined by methods ater than in accordance wih accounting principles generally acceptedin the United States (GAAP). These non-GAAP fancil measures include tangible carton ‘equity
Slide 31: Non-GAAP Financial Information (Continued)
Executing on Growth Odctrust Non-GAAP Financial Information (Continued) “The folowing table presents a reconciliation of pretax pre provision incometo net income (olan thousands) forthe forthe forthe forthe forthe uarer Quer Quarter Guster Guater spats apps efwis_yspait Netincome $377 ssous)__§ oot