Slide 1: First PacTrust Bancorp, Inc. September 2010
FIRST PACTRUST BANCORP, INC? First PacTrust Bancorp, Inc. September 2010
Slide 2: Important Disclosures
Important Disclosures A <- Sac FIRST PACTRUST BANCORP, ING: Forward-Looking Statements These materials contain various forward-looking statements that are based on assumptions and describe our future plans and strategies and our expectations, These forward-looking statements are generally identified
Slide 3: Important Disclosures (Cont.)
Important Disclosures (Con! A <- Sac FIRST PACTRUST BANCORP, ING: Financial Projections This presentation contains projections of financial performance. Such projections are, by nature, based on anticipating future events that cannot be predicted with accuracy and there is no assurance that the proj
Slide 4: First PacTrust
a FIRST PACTRUST Deep Community Roots = Chartered by the U.S. Office of Thrift Supervision ~ Insured by the FDIC Founded in 1941 with 69 years of continuous operations (public as of 2002) Former credit union for Rohr, Ine = 87 Employees and 18,000 depository relationships Valuable Branch Network © G
Slide 5: Enhance Management Team
Wwe FIRST PACTRUST BANCORP, ING: Enhance Management Team » Enhanced managernent team better enables the Bank to pursue a robust cornmercial banking strategy expanding into more profitable loan categories (ie. CRE, C&l) and business lines (ie. small business banking, servicing, asset management, seco
Slide 6: Pacific Trust Bank's CAMEL Summary
FIRST PACTRUST Pacific Trust Bank’s CAMEL Summary As of 6/30/10 Pro Forma CAPITAL ASSETS MANAGEMENT EARNINGS LIQUIDITY $18.21 Tangible Common Equity per share“) 877.3 million Tangible Common Equity © 12.13% Tier 1 Risk-Based 13.38% Total Risk-Based $40 million market cap $723.6 million loan portfoli
Slide 7: First PacTrust Has A Three-Part Growth Strategy
wé First PacTrust Has A Three-Part Growth Strategy FIRST PACTRUST 1. Organic Growth 2. Traditional M&A 3. FDIC-Assisted M&A Strengthen management and commence growth strategy within the Bank's primary footprint = Locate and open new retail banking locations and staff with well known community banker
Slide 8: Bank's Primary Market Area Recovering
Bank’s Primary Market Area Recovering a FIRST PACTRUST First PacTrust's primaty market area of San Diego has exhibited strong recovery tates in home prices. San Diego County Home Prices '” jego Market Leading Southern 160%: California recovery 140% [ one: 117% | = 3" highest home 200K 9% price incre
Slide 9: Current Stock Price Relative to Peers
Current Stock Price Relative to Peers Sen FIRST PACTRUST FPTB currently trades af a significant discount to peers at 2.6x core earnings and 53% of the fangible book value. Market Valuation of Comparable Banks “) Dividend Paying Banks, < $2.5b in Assets, Raised > $30m since 1/2009 2010E Core Company
Slide 10: Pre vs. Post Recapitalization
YK we FIRST PACTRUST BANCORP, ING: PRE RECAPITALIZATION oy oe . Limited Information to Investor Community No analyst coverage No earnings conference calls Limited Trading Liquidity Limited trading liquidity which reduces the Bank's appeal to larger investors Stock trades ata liquidity discount Limit
Slide 11: Appendix
Appendix
Slide 12: Branch locations
om Temecula Branch Riverside Branch Rancho Bernardo Branch EI Cajon Branch, Chula Vista Main Branch, Chula Vista Admin Certer
Slide 13: Pacific Trust Bank Loan Composition
Pacific Trust Bank Loan Composition Sen FIRST PACTRUST Pacific Trust Bank's loan portfolio consists predominantly of 1-4 family loans making up 88.6% of the Bank's gross loans. Loan Locations a = Nevada Loan Breakdown as of 6/30/10 a *S oF acesen cry Sea Rosa Sacramento Land consumer bape tia 1.5% 0
Slide 14: Non-Performing Asset Overview
wé Non-Performing Asset Overview FIRST PACTRUST Of the $61.9m in NPAs, nearly 40% are TDRs and the $8.3 million in REOs consist of just 5 assets. Non-Performing Asset Analysis $60.0 ' $50.0 } $40.0 . a _{$8.3m) $20.0 7 (4.9m) $10.0 - SS - F ‘$6.8m Current Non- Non- Loan Loss Tax Net NPL Perf Assets
Slide 15: Capital Position
ig Capital Position we FIRST PACTRUST BANCORP, ING: First PacTrust's capital ratios exceed ‘“well-capitalized” levels and will be further enhanced following the private placement. Regulatory Ratios 22.5% 19.52% RITE 20.0% 17.5% 14.20% 14.53% 15.0% 12.5% 10.0% - 7.5% : 5.0% 10.00% : er 6.00% ! 0.0% -
Slide 16: Timeline for Private Placement Closing
wé Timeline for Private Placement Closing FIRST PACTRUST = Public Announcement » Signed investor commitments » Deposits held in escrow » Preliminary Earnings Announcement = Shareholder Vote » Closing 7/31/10 10/2010 * 4Q10* 4Q10* * Expected timeframe
Slide 17: Non-GAAP Financial Information
Non-GAAP Financial Information Me FIRST PACTRUST 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 tangible common equity, tang
Slide 18: Non-GAAP Financial Information (Cont.)
Non-GAAP Financial Information (Cont.) > ae FIRST PACTRUST The following table presents a reconciliation of tangible common equity per share to stockholders’ equity per share As of 6/30/10 Pro Forma Stockholders’ equity per share $ 22.72 $ 13.76 Less: Effect of intangible assets 0.00 0.00 Tangible e
Slide 19: Non-GAAP Financial Information (Cont.)
Bie Non-GAAP Financial Information (Cont.) FIRST PACTRUST BANCORP, INC: The following table presents the derivation of the estimated return on equity (ROE) utilizing the estimated 2010 core earnings and the June 30, 2010 equity balance’ 2010 projected core earnings “ $15.765m Equity as of June 30, 2