Slide 1: BayCom Announces Expansion in Southern California
September 2021 Announces Expansion in Southern California Pacific Enterprise Bancorp Holding Company for
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation contains "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements include statements regarding anticipated future events and can be identified by the fact that they do not r
Slide 3: Additional Information
3 Additional Information Additional Information about the Merger and Where to Find It . In connection with the Merger, BayCom will file with the SEC a registration statement on Form S - 4 that will include a joint proxy statement of BayCom and PEB and a prospectus of BayCom, as well as other relevan
Slide 4: Transaction Rationale
4 Transaction Rationale Strategically Compelling Financially Attractive Low Risk □ Comprehensive due diligence process completed □ Leverages BayCom’s successful track record completing and integrating mergers and acquisitions ▪ Nine transactions completed since 2010 □ 100% stock transaction maintain
Slide 5: Corporate Overview – Pacific Enterprise Bancorp
5 □ Balance Sheet: ▪ Assets: $ 646.9 million ▪ Loans: $566.7 million ▪ Deposits: $424.1 million □ Capital Ratios: ▪ TE/TA: 9.38% ▪ Leverage Ratio (Bank): 12.25% ▪ Total Capital Ratio (Bank): 21.59% □ Asset Quality: ▪ NPAs/Assets: 0.00% ▪ Reserves/Loans: 0.99% □ Profitability: ▪ ROAA: 1.03% ▪ ROAE: 1
Slide 6: Transaction Terms
6 Transaction Terms Aggregate Deal Value 2 Termination Fee Anticipated Closing □ Q1 2022 □ $53.1 million □ 9.8x (LTM Earnings) Purchase Price 1 Consideration Mix P/TBV Required Approvals □ $17.78 per share □ 100% Stock □ $2.5 million □ Customary regulatory approvals; BayCom and PEB shareholder appro
Slide 7: Key Transaction Assumptions
7 Key Transaction Assumptions Estimated Cost Savings Capital Contingency: □ ~ 30% □ None modeled Purchase Accounting Marks Core Deposit Intangible Revenue Synergies: □ $2.6 million credit mark on loans, approximately 0.8% excluding PPP loans □ $2.7 million interest rate mark up on loans □ $226 thous
Slide 8: Pro Forma Loan Portfolio
8 Pro Forma Loan Portfolio United Business Bank Pacific Enterprise Bank Pro Forma Bank level call report data shown; does not include purchase accounting adjustments; as of June 30, 2021 Source : Regulatory call reports, S&P Capital IQ Composition Composition Composition Loan Type ($000) % of Total
Slide 9: Pro Forma Deposit Composition
9 Pro Forma Deposit Composition United Business Bank Pacific Enterprise Bank Pro Forma Bank level call report data shown; does not include purchase accounting adjustments; as of June 30, 2021 Source : Regulatory call reports, S&P Capital IQ Composition Composition Composition Deposit Type ($000) % o
Slide 10: Pacific Enterprise Bancorp Overview
10 Pacific Enterprise Bancorp Overview Source : S&P Capital IQ For the Twelve Months Ended In $000s except for per share data 12/31/18 12/31/19 12/31/20 9/30/20 12/31/20 3/31/21 6/30/21 Balance Sheet Total Assets $500,795 $488,878 $603,829 $619,773 $603,829 $674,275 $646,866 Total Gross Loans $393,3