Slide 1: Second Quarter 2025 Earnings Presentation
Second Quarter 2025 Earnings Presentation July 24, 2025
Slide 2: Forward-looking statements
Certain matters set forth herein constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder. All statements that are not statements of historical fact are forward-looking, and readers should not c
Slide 3: 2Q-2025 Highlights vs 1Q-2025
2Q-2025 Highlights vs 1Q-2025 3 (1) Annualized. (2) Excludes the guaranteed portion of SBA loans that are in liquidation. (3) Includes special mention, substandard, doubtful, and loss categories. Net Income $6.3M Earnings & Profitability Balance Sheet Growth Credit Quality Capital Adequacy • Net inc
Slide 4: Balance Sheet Trend
Balance Sheet Trend 4 Gross Loans ($mm)Total Assets ($mm) Total Equity ($mm) & Book Value Per Share ($)Total Deposits ($mm)
Slide 5: Loan Trend
Loan Trend 5 Loan Originations* ($mm)Loan Composition ($mm) Loan Yields (%) Commercial Real Estate Concentration (%) * Excludes changes in line utilization. 48 23 35 70 40 14 10 18 34 14 13 74 55 $81 $46 $52 $163 $132 7.89% 6.94% 7.66% 6.95% 7.29% 2Q-24 3Q-24 4Q-24 1Q-25 2Q-25 CRE SBA C&I Home Mortg
Slide 6: Loan by Interest Rate Type
Loan by Interest Rate Type 6 Hybrid Loan Repricing Schedule ($mm)Composition by Interest Rate Type (%) Contractual Rates by Interest Rate Type (%) Loan Maturity Schedule ($mm) $70 $180 $155 $413 $10 4.24% 4.22% 6.02% 6.64% 7.33% <=1Y 1-2Y 2-3Y 3-5Y >5Y Hybrid repricing Contractual rate
Slide 7: Commercial Real Estate Portfolio
* Based on Call Report definitions, which includes real estate loans and SBA real estate loans. Commercial Real Estate Portfolio 7 CRE* Portfolio by Property TypeCRE* Portfolio by Collateral Type
Slide 8: Commercial Real Estate Portfolio
* Based on Call Report definitions, which includes real estate loans and SBA real estate loans. ** Excludes SBA loans and USDA loans. Commercial Real Estate Portfolio 8 CRE Portfolio ** by Loan-to-Value Ratio (LTV)CRE Portfolio * by Location
Slide 9: Home Loan Portfolio
Home Loan Portfolio 9 Home Loan Portfolio by LTVHome Loan Portfolio by Location Home Loan Portfolio by Occupancy Type
Slide 10: SBA Loans
SBA Loans 10 SBA Portfolio* by IndustrySBA Portfolio by Location
Slide 11: SBA Loans
* Excludes $21.9 million in SBA C&I loans. SBA Loans 11 SBA Portfolio by Collateral TypeSBA Portfolio* by LTV
Slide 12: Deposit Trend
Deposit Trend 12 Noninterest Bearing Deposits ($mm)Deposit Composition ($mm) Cost of Deposits (%) CD Maturity Schedule ($mm)
Slide 13: Earnings & Profitability
Earnings & Profitability 13 Noninterest Income ($mm)Net Interest Income ($mm) & Net Interest Margin (%) * Interest Income & Interest Expense ($mm) Noninterest Income Components ($mm) * Annualized.
Slide 14: Earnings & Profitability
Earnings & Profitability 14 Efficiency Ratio (%)Noninterest Expense ($mm) Noninterest Expense Components ($mm) Efficiency Ratio Components (%) * Ratios for Efficiency Ratio Components are percentages of average assets and are annualized.
Slide 15: Earnings & Profitability
Earnings & Profitability 15 Pre-Provision Net Revenue ($mm)Provision for Loan Losses ($mm) Net Income ($mm) & Diluted EPS ($) Return on Assets & Return on Equity (%)
Slide 16: Net Interest Margin Trend
Source: Target Fed Funds Rate per Federal Open Market Committee guidance. Net Interest Margin Trend 16
Slide 17: Credit Quality
Credit Quality 17 Criticized Loans ($mm)Nonperforming Loans ($mm) Net Charge-Offs* ($mm)Allowance for Credit Losses** ($mm) * Annualized ** Exclude the guaranteed portion of SBA loans that are in liquidation.
Slide 18: Liquidity & Capital
Liquidity & Capital 18 Total Available Liquidity* ($mm)Liquidity Assets ($mm) Tier 1 Leverage ($mm) Total Risk Based Capital ($mm) * Represent the sum of liquid assets and available borrowings.
Slide 19: Non-GAAP Reconciliation Pre-Provision Net Revenue
Non-GAAP Reconciliation 19 Pre-Provision Net Revenue ($ in thousands) 2Q-25 1Q-25 4Q-24 3Q-24 2Q-24 Interest income 37,665$ 34,859$ 35,051$ 35,299$ 34,357$ Interest expense 17,944 17,441 18,122 18,794 18,163 Net interest income 19,721 17,418 16,929 16,506 16,194 Noninterest income 3,968 4,816 4,417