Baycom Corp · NASDAQ:BCML
Baycom — Investor Conference February 2022
21 slides from Baycom's conference presentation, Feb 1, 2022
Slide 1: Investor Conference February 2nd and 3rd, 2022
BAYCOM eS SN CORP ~\” Investor Conference February 2nd and 3rd, 2022 NASDAQ: BCML
Slide 2: Presentation Disclosure
BAYCOM A < Ny! CORP Presentation Disclosure X¥ ‘This investor presentation has been prepared by BayCom Corp ("BCML” or the “Company") solely for informational purposes based on its own information, as well 35, information from public sources. This presentation haz been prepared to ais intersted part
Slide 3: BayCom Corp — Who we are
BaYCOM BayCom Corp — Who we are Woor Vv _ BayCom Corp is the bank holding company for United Business Bank, the “Bank” = Founded in 2004 and headquartered in Walnut Creek, California + Full service commercially-oriented community bank ‘+ Serves small and mid-sized businesses, professionals and indiv
Slide 4: Company Strengths
Company Strengths a Q oo BAYCOM yy Corr Vv 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 four of its ten completed acquisitions with the o
Slide 5: Experienced Leadership Team
BAYCOM yy Corr Experienced Leadership Team ; Is = ES lenie Financial Oficer& corporate secretary 27 years with Bom + mstrumental in the successful turn-around ofa Bay Area bank nthe 19905, icc Pak executive Vice President & enief tending offcer Saye ‘years with Boma. 7 Toned the Bank in September, 2
Slide 6: Disciplined Acquisition Strategy
BAYCOM yy Corr N Deer les Acquisition Strategy Susie cpetonin olen ake ‘Adds experienced and knowledgeable banking talent Opportunity to improve concentration ratios Opportunity to reduce cost of funds Geographic diversification ‘Adds portfolios of seasoned loans 2 Maintain disciplined approach + In
Slide 7: Key Highlights of Current Markets
BaYCOM Key Highlights of Current Markets: Sr * Part of both the San Francisco-Oakland-Hayward MSA and the San-Jose-Sunnyvale-Santa Clara MSA. + Represents the second most populous area in California, and ‘the 12* largest in the United States We serve the Sacramento-Roseville-Arden-Arcade MSA through
Slide 8: Recent Acquisitions
BAYCOM Corp Recent Acquisitions Pacific Enterprise Grand Mountaii Bancorp Bancshares Assets? $518,208 $130,593 Deposits? $404,394 $117,376 Purchase Price? $60,273 $13,886 Consideration Stock Cash Price/LTM EPS? 9.6x 45.1x Price/TBV3 92.5% 126.2% EPS Accretion? 6.8% 5.9% Initial TRV Accretion(Dilutio
Slide 9: Loan Portfolio
BAYCOM yy Corp Loan Portfolio $1,667 million total loans (excluding loans held for sale) Loan Portfolio By Type as of Dec. 31, 2021 Approximately 35% of the loan portfolio is from the San Francisco Bay Area Construction by, ad tana 1% Average yield on total loans was 4.69% for 2021 SBA Preferred Len
Slide 10: Allowance for Loan and Lease Losses
BaYCOM Allowance for Loan and Lease Losses Ny Corr v $17.7 million total allowance for loans and leases 0.29% = Nonperforming assets / total assets 0.41% = Nonperforming loans / total loans $13.0 million = classified assets ooooono 1.06% = Allowance of loan and lease losses / total loans Residential
Slide 11: Deposit Portfolio Summary
Deposit Portfolio Summary At December 31, 2021: Deposit Composition as of Dec. 31, 2021 OD $2.0billion total deposits 1 Noninterest-bearing demand represents 36% of total deposits 2 interest bearing demand, savings and money market accounts represent 53% of total deposits 1 Time deposits represent 1
Slide 12: Attractive Net Interest Spread
BAYCOM Ny Corr Attractive Net Interest Spread ; Yield on Interest Earning Assets Cost of Average Interest-Bearing 6.00% Liabilities some 77% 1.00% 9 as 458% om 0.90% 4.0% 379% OAD 073% 065% eam orm 2.0% 0.60% 2.00% 0.0% 100% 0.20% om L | 0.00% = 2 : : 2017 2018 2019 2020 2021 2017 2018 zo1s 2020 202
Slide 13: Shareholder Tangible Book Value
BaYCOM Shareholder Tangible Book Value") ¥ Corp TBV / Share ss | a $20 1819 sisas 51684 sas | een $10 | ss so | ff Ef EE a7” 2018 2003” —«2020«—«2021 During 2017, 2018, 2019, and 2020, the Company recorded $3.5, $2.3, $6.6 and $3.0 million, pre-tax merger expenses related to acquisitions, respective
Slide 14: Shareholder EPS
BaYCom yy Corr N Shareholder EPS Diluted EPS a $1.90 $1.80 $1.60 so) aya $1.40 $130 si.as $1.00 0.81 oso | § $0.60 $0.40 $0.20 $ 2017 2a 2019 2020 2021 Note: Annual data is for the year ended December 31 of each respective year. In 2020, there was $3.0 million in pretax merger expenses related to th
Slide 15: Corporate History
Corporate History Consistent Asset Growth Supplemented By Acquisitions BAYCOM yy CoRP 2004 - 2009 2010 2011 2012 Acquired Castro Valley ranch Acauired Global Trust Bank 2013 2014 2015 2016 2017 2018 +2019 +2020 Acquired Valley ‘community Bank Acquired | [Completed Unitea PO and Business Nasdaq Bank,
Slide 16: Demonstrated Track Record of Growth
BaYCOM Demonstrated Track Record of Growth VN Total Assets (mm) Total Net Loans ($mm) $2500 9 52,350 1/800 sui j $1628 $1967 $1,994 | $1aso eae $1,400 $1478 $1,200 $1500 + oo 46 su00 | say $270 $1,000 fate $600 $500 $400 $200 30 2 $0 2072s 20192002003 2017201829200 2021 Total Deposits (mm) Net Incom
Slide 17: Strong Credit Quality
Strong Credit Quality Nonperforming Assets / Total Assets* 0.45% 0.40% 0.35% 030% 025% 0.20% 0.15% 0.10% 0.05% 0.00% ‘Net Charge-Offs (Recoveries) 000 00 eo0 400 200 0 (5200 (6400), oa 027% 0.27% ei may | noxr | 018 20192020202 5917 sas = | 207k 2019, i 2021 ($220) 1.20% 9 1.00% 0.80% 0.02% | 2017 2
Slide 18: Financial Performance Summary
Financial Performance Summary Return on Average Assets 1.10% 1.00% 4 0.80% 96%) o51% zor 2018 1.01% 2019 310% cox 0.80% 7.00% 0.84% co 500% 400% 3.00% 100% 20202021 | fficencyRatiot 6800% | 67.30% 6721% 67.00% 66.51% 66.00% 65.00% 64.00% ioe 62.15% 62.00% 61.00% 60.00% 59,00% 2017 201820192020 CS a
Slide 19: Appendix
Appendix
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation BAYCOM yy Corr Tangible Common Equity and Tangible Assets » (Dollars in thousands except per share data) ‘Tangible Common Equity: Total Common Shareholders Equity Adjustments: Goodwill Core Deposit intangible Tangible Common Equity Tangible Assets: Total Assets - GAAP Adjustm
Slide 21: Questions? Contact Information
BaYCOM yy Corr v 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@u