Slide 1: First PacTrust Bancorp, Inc. – August 2011
Slide 2: Important Disclosures
Executing on Growth Opactrust !mportant Disclosures BANCO SS Forward-Looking Statements je52 materials contain various forward-looking statements that are based on assumptions and describe our future plans and strategies and our expectations. These forward- statements are generally identified by wor
Slide 3: Executing on Growth
Executing on Growth Opdctrust Executing on Growth BANCORP,INC> August - September 2017 July 2017 June 2017 dune 2044 June 2017 March 2017 December 2010 Novernber 2010 — May 2017 Novernber 2010
Slide 4: Overview
Executing on Growth Opadctrust Overview BANCORP,INC Community Roots Y Chartered by the U.S. Office of Thrift Supervision Insured by the FDIC Ranking for Largest Community Bank Franchises in San Diego by Assets * Y Founded in 1941 with 70 years of continuous operations (public since 2002) Most @° ‘Pa
Slide 5: CAMEL Summary as of 6/30/11
Executing on Growth Opdctrust CAMEL Summary as of 6/30/11 BANCORP,INC: Key Metrics ¥ $13.91 Tangible Common Equity per share ¥ $160.5 million Tangible Common Equity ¥ 11.6% Tangible Common Equity (Bank) ¥ 16.0% Tier 1 Risk-Based (Bank) ¥ 17.2% Total Risk-Based (Bank) ¥ $172.2 million market cap ¥ $8
Slide 6: Growth Strategy
Opdctrust Growth Strategy BANCORP,INC: Executing on Growth 1. Organic Growth 2. Tra nal M&A. 3. FDIC-Based M&A ¥ Increase market penetration within the Bank's primary footprint and expand into neighboring regions — Acquire prime branch locations from distressed sellers or the FDIC — Open new retail
Slide 7: Business Foundation - Philosophy
Executing on Growth Opdctrust Business Foundation - Philosophy BANCORP,INC Scalable Management Business = Team Y- Access to Capital Market Opportunity
Slide 8: Management Team
Executing on Growth Opdctrust Management Team BANCORP,INC: Officer Position Experience Greg Mitchell President & CEO ¥ Transformed a thrift with six branches and $700 million in assets ta 68 branch and 87.7 billion national bank ¥ Investment banker focusing on regional banks ¥ Former regulator with
Slide 9: Access to Capital
Opdctrust Access to Capital Bancorp maintains 18.2% tangible equity to total assets BANCORP,INC: ¥ Strong capital position made stronger through $26 million common equity raise (completed at a 4.4% discount to market); FPTB’s tangible common equity to asset ratio now stands to 18.2% — FPTB maintains
Slide 10: Market Opportunity
Executing on Growth Opdctrust Market Opportunity BANCORP,INC: Southern California Banks with Assets < $1.0 Billion* Service Area Los Angeles Service Areas San Diego/Orange County Service Areas Assets ($mm) | Assets/Bank [$mm) 88 $24,555,905 $279,044 $14,865,761 $256,306 Belief Rationale 1, Banks wit
Slide 11: Strong Balance Sheet
© FIRST pdctrust Strong Balance Sheet BANCORP.INC? Assets as of June 30, 2011 Executing on Growth 6 Liabilities as of June 30, 2011 10
Slide 12: Scalable Business
Executing on Growth a) Opdctrust Scalable Business BANCORP,INC: Rationale
Slide 13: Market Beginning to Recognize Execution
Opactrust Market Beginning to Recogni BANCORP,INC Relative Performance Executing on Growth ze Execution Price $11.88 As of 08/5/11 iapiiin amar warnoeme ts Yield Div. 35.1% 025 ares rece ioal paca: Market Cap $137.7M_AvgVolume(3M)—_73,854, Tangible Book Value $160,5M — Volatility 37% Shares Outstand
Slide 14: Market Valuation of Peers
Executing on Growth Opdctrust Market Valuation of Peers BANCORP,INC: Dividend Paying Banks, < $2.5bin Assets, Raised > $30msince 1/2009 Company Name Ticker City State Stock Price($)__TBV($)_Price /_TBV| Bank of Commerce Holdings BOCH Redding cA 3.92 475 82.5 CNB Financial Corporation CCNE Clearfield
Slide 15: Business Plan
Executing on Growth Opdctrust Business Plan BANCORP,INC: 2021 Goals ¥ Further strengthen infrastructure ¥ 4% +NIM ¥ Grow core earnings by prudently ¥ Low 50s efficiency ratio deploying capital into CRE and C&l lending ¥ 1.2% ROAA ¥ Further improve asset quality ¥ Reach critical mass (~$1 billion ass
Slide 16: Loans and yield
Executing on Growth Opdctrust Loans and yield BANCORP,INC> ¥ As of June 30, 2011 loan balance increased to . phe ‘ Outstanding Loan Balances $670 million after consecutive quarters of {amounts in $ millions / % annualized) decline $750 + 6.00% ¥ Launch of CRE lending platform and re-launch of SFR le
Slide 17: Deposits and cost of deposits
Executing on Growth Opdctrust Deposits and cost of deposits BANCORP,INC> ¥ Asof June 30, 2011 total deposits stood at $686 Outstanding Deposit Balances million {amounts in4 millions / % annualized) — Growth from La Jolla (de novo) branch $750 + e00% accounted for $16 million of Q2 2011 increase ($24
Slide 18: Delivering Strong Earnings While Building for Growth
Executing on Growth — Delivering Strong Earnings Opdctrust While Building for Growth BANCORP,INC: ¥ Q2 2011 earnings of $1.5 million; $2.3 million Earnings Available to Common year-to-date {Sthousande / % annualized) ¥ Improved credit quality SA000 2.00% ¥ Improved quality of earnings $3,000 | 4.50%
Slide 19: Why Invest in First PacTrust Bancorp?
Executing on Growth Opdctrust Why Invest in First PacTrust Bancorp? BANCORP,INC: ¥ First PacTrust is a profitable bank with a strong dividend ¥ First PacTrust is well-positioned to be a lead bank consolidator in Southern California — Witha scalable balance sheet, access to fresh capital, First PacTr
Slide 20: Appendix A: Overview of Gateway Transaction
Opdctrust BANCORP, INC: Appendix A: Overview of Gateway Transaction ee es ee
Slide 21: Transaction Overview
Executing on Growth Opdctru st Transaction Overview BANCORP,INC> Structure Whole company acquisition of Gateway Bancorp and its wholly owned subsidiary Gateway Business Bank, including Mission Hills Mortgage Bankers, a division of the Bank Transaction Type Stock purchase agreement Cash consideration
Slide 22: Transaction Rationale
Executing on Growth Opdctrust Transaction Rationale BANCORP.INC? ¥ Gateway’s franchise fits within FPTB’s community banking strategy — Accelerates entry into Los Angeles County — Lakewood, CA — Marks entry into Orange County — Laguna Hills, CA — Diversifies revenue sources by adding attractive non-i
Slide 23: Expanding Our Footprint
Executing on Growth Opdctrust Expanding Our Footprint BANCORP,INC> Company Overview Pro Forma Branch Map Holding Company Name Gateway Bancorp Bank Name Gateway Business Bank Headquarters Cerritos, CA Date Established 3/10/1997 Depository Branches 2 Mortgage Offices 22 Administrative Offices s) Total
Slide 24: Mortgage Origination Platform
Executing on Growth Opadctrust Mortgage Origination Platform BANCORP,INC Pro Forma Map ¥ Gateway operatesas Mission Hills Mortgage Bankers with mortgage offices — Foundedin1969 — Low risk traditional retail operation — Focused on conventional conforming and FHA/VA purchase money transactions — Sourc
Slide 25: Financial Considerations
Executing on Growth Opdctrust Financial Considerations BANCORP,INC> P&L Impact ¥ Projecting $3.0+ million of annual earnings contribution from new entity ¥ Moderate cost savings assumptions and no revenue synergies ¥ One-time deal related expenses of $1.25 million, pre-tax Consideration Structure To
Slide 26: Appendix B: Additional Company Information
Opdctrust BANCORP, INC: Appendix B: Additional Company Information
Slide 27: Franchise Map: Branches & Offices
Executing on Growth Opdctrust Franchise Map: Branches & Offices BANCORP,INC> Pro Forma Banking Branch Map* Pro-forma map with mortgage offices *Doesnotinclude Gatenay's mortgage offices © FPTB ranch location @ Proposed FPTB branch location © Gateway depository branch | MéstionHilis Mongage office lo
Slide 28: Pacific Trust Bank Loan Composition
Executing on Growth Opdctrust Pacific Trust Bank Loan Composition BANCORP,INC> s predominantly of 1-4 family loans mal of the Bank’s gross loan: Loan Breakdown as of 6/30/11 Consumer Land C8 1-4 Unit Residential Balance ‘Multifamily es UN 1° TD $331,599,451 m4 Unit Resi 1° TD “Green” Acts $219,146,8
Slide 29: Pacific Trust Bank Location of SFR Loans
Executing on Growth Opdctrust Pacific Trust Bank Location of SFR Loans BANCORP,INC: PACIFIC TRUST BANK SFR PORTFOLIO BY LOCATION Wor Area Loans Bal Avg Bal WALTV 1. La Jolla $104.5MM SLAM 48% 2. Pacific Beach 72 $54.5MM S7E7K — 59% 3. Coronado 33 $40.3MM S1.0MM 47% 4, Rancho Santa Fe o (©2067) 12 51
Slide 30: Primary Market Area Is Recovering
Executing on Growth Opdctrust Primary Market Area Is Recovering BANCORP,INC: First PacTrust’s primary market area of San Diego has exhibited strong recovery rates in home prices. 5; ices!) a San Diego County Home Prices 160% San Diego Market ™ | zone: 206% om 100% awe = om. WO | aovssson nnn ie Psex
Slide 31: Credit quality and provision
Executing on Growth Opdctrust Credit quality and provision BANCORP,INC> Early Delinquencies & NPA Components {amounts in $ millions) ¥ Early delinquencies at lowest level vs. past 4 quarters $40 ¥ NPLsat lowest level vs. past 5 quarters ¥ REO increased as resolution activity matures ¥ AlLLreflects t
Slide 32: Summary of Asset Quality Ratios
Executing on Growth Opdctrust Summary of Asset Quality Ratios BANCORP,INC: Delinquencies represent 5.24% of net loans compared to 8.17% at 10’ 9.00% 8.00% 7.00% The Company's Credit Metrics Continue to Improve 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Gem 90/10 128110 aati eat DQ/Loans 7.81% 7.10% 7
Slide 33: Delinquent Mortgages
‘S) FIRST pa BANCORP,INC The Company's total delinquencies declined by $16MM or 37% from the previous quarter. ctrust Delinquent Mortgages* Executing on Growth $60 000,000, $60,000,000 + $40,000,000 $30,000,000 + $20,000,000 -——-_—s —____— $10,000,000, $0 eA0/10 90/10 12810 aati eat =30s| $14,077,77
Slide 34: Non-Performing Asset Overview
Executing on Growth Opdctrust Non-Performing Asset Overview BANCORP,INC: Consolidated* The Company has $8 n of loan loss reserves which provide strong coverage against 30,000,000 25,000,000 20,000,000 16,000,000 10,000,000 5,000,000 $14.2 million in Core NPLs The $15 mi REOs consist of 24 propert $1
Slide 35: Classified/Criticized Loans
Executing on Growth Opdctrust Classified/Criticized Loans BANCORP,INC: 120,000,000 100 000,000 [862,006 335 $80,000,000, =Total Special Mention $37 961,760) $30,721 020) [951 620.544 $60,000,000, Total Substandard $18,336,942 $40,000,000, $47 398,075 $41,570,201] [$41,558,646 $34,214,652 $20,000,000
Slide 36: Summary of Classified Loans
Executing on Growth Opdctrust Summary of Classified Loans BANCORP,INC: Most of the Company's Class 60DaysD@ Current but past due 1 ormore times in past6 months Performing TOR on accrual Perfarming TOR on non-accrual eee TOR 1 $333,700 2% $3,149,320 $8,411,398 $3,817,415 $2,625,198 17% ¥ 81% of Speci
Slide 37: TDR - Pacific Trust Bank
Executing on Growth Opdctrust TOR- Pacific Trust Bank BANCORP,INC> Performing TDR are well seasoned with solid yields Weighted Payments Book Value | AvgLoanSize | AvgInt Rate Payment ; a $687,678 ($343,539 10.53% 2Payments ™ ° N/A NA N/A -3Payments ; ; ° WA WA WA 4Payments 0 WA WA WA SPayments 0 N/A
Slide 38: HELOC - Pacific Trust Bank
Executing on Growth Opdctrust HELOC- Pacific Trust Bank BANCORP,INC: Most of our “HELOCS” are FIRST TRUST DEED “GREEN” ACCOUNTS Call Report data shows $214 million of “HELOCS” which are pri 1st TD mortgages to high net worth borrowers. ¥ 1st TD HELOCs have: — Average FICO score at origination of 743
Slide 39: OREO – Bancorp and Bank
Executing on Growth Opdctrust OREO — Bancorp and Bank BANCORP,INC: ¥ Asof June 30, 2011, OREO balances totaled $15.0 million OREO {amounts in $ millions) — Pacific Trust Bank holds 19 OREO assets (all single-family homes) with a net value of $7.6 million — Bancorp holds 4 OREO assets including 2 lan
Slide 40: Non-GAAP Financial Information
Executing on Growth Opdctrust Non-GAAP Financial Information BANCORP,INC This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (‘GAAP"). These non-GAAP financial measures include tang
Slide 41: Non-GAAP Financial Information (Continued)
Executing on Growth Opdctrust Non-GAAP Financial Information BANCORP,INC> (Continued) The following table presents a reconciliation of core earnings to net income (dallars in thousands): ‘Net income $ 4,549 Less: Gain-on-sale of securities (net of tax) 760 ‘Add: Non-core change of control payment (n