West Coast Community Bancorp · NASDAQ:WCCB
West Coast Community Bancorp — Investor Presentation (October 2025)
40 slides from West Coast Community Bancorp's investor presentation, October 2025
Slide 1: Investor Presentation October 2025
I N V E S TO R P R E S E N TAT I O N October 2025
Slide 2: Disclaimer
DISCLAIMER This investor presentation has been prepared by West Coast Community Bancorp (traded as “WCCB" on the OTCQX, the "Company"), and its wholly owned subsidiary, West Coast Community Bank (formerly known as Santa Cruz County Bank) (the “Bank”), solely for informational purposes based on its o
Slide 3: West Coast Community Bank
WEST COAST COMMUNITY BANK Largest community bank headquartered in California’s Central Coast region; founded in Santa Cruz in 2004 Approximately 219 employees as of September 30, 2025 $2.8 billion in assets as of September 30, 2025 West Coast Community Bancorp was established as the Bank's holding c
Slide 4: Leadership Team
LEADERSHIP TEAM Krista Snelling Cecilia Situ Jon P. Sisk Angelo DeBernardo, Jr. Chairman & Chief Executive Officer EVP Chief Financial Officer EVP Chief Banking Officer EVP Chief Lending Officer Mark Gouvion Shawn Lipman Matthew March Maxwell Sinclair EVP Chief Operations Officer EVP Chief Credit Of
Slide 5: Attractive Markets
AT T R A C T I V E M A R K E T S *Per FDIC data as of June 30, 2025 **U.S. Census Bureau data 2024 5
Slide 6: Financial Highlights
HIGHLIGHTS WEST COAST < O Zz <L = Le CWAARARALR SARARARALRA, SARARARALR CWARARARALR CNARRAR,
Slide 7: Q3 2025 Consolidated Financial Results
Q 3 2 0 2 5 C O N S O L I D AT E D F I N A N C I A L R E S U LT S Strong Earnings Balance Sheet Strength Consistent Profitability Healthy Credit Quality Metrics $2.838 Billion $34.6 Million 1.73% / 1.74%(1) 0.51% Total Assets Q3 Net Interest Income Q3 ROAA / Q3 Non-GAAP NPAs/Assets Adjusted ROAA $2.
Slide 8: Solid Liquidity Position
SOLID LIQUIDITY POSITION ($ in 000s) As of September 30, 2025 As of Strong on-balance-sheet September 30, June 30, September 30, liquidity coupled with (Dollars in thousands) 2025 2025 2024 available external Cash and due from banks $ 143,504 $ 40,148 $ 130,826 contingency liquidity Unencumbered A
Slide 9: Investment Portfolio Composition
I N V E S T M E N T P O RT F O L I O COMPOSITION Municipal Bond Ratings AAA 20% AA 66% As of September 30, 2025 A 8% SBA-backed 2% Effective duration 1.2 NR* 7% Chart includes available-for-sale ("AFS") securities at market value and held-to-maturity ("HTM") securities at amortized cost. Municipal
Slide 10: Attractive Deposit Mix
AT T R A C T I V E D E P O S I T M I X As of September 30, 2025 Top 10 deposit relationships Money market 33% (excluding government agency deposits that are fully collateralized) represent Savings 7% approximately 11% of total deposits. CDs Growth opportunities include: Interest-bearing 6% Expande
Slide 11: 2025 YTD New Deposit Relationship Growth
2025 YTD NEW DEPOSIT R E L AT I O N S H I P G R O W T H YTD New Relationship Deposits by Region ($ in millions) Deposits held by clients who opened their first account with Bank in 2025; balances as of 9/30/2025. 11
Slide 12: Deposit Characteristics
DEPOSIT CHARACTERISTICS ($ in 000s) Insured deposits $3,000,000 include fully collateralized $2,500,000 balances. IntraFi reciprocal $2,000,000 48% 50% deposit 47% 48% $1,108,726 $1,062,831 $1,077,508 $1,220,840 network products $1,500,000 maximize depositors' 45% FDIC insurance $690,341 $1,000,000
Slide 13: Strong Deposit Franchise
STRONG DEPOSIT FRANCHISE Granular Deposit Account Composition ($ in 000s) 8% As of September 30, 2025 32% Total Personal Deposits $ 779,312 24% Number of Accounts 14,898 Average Balance Per Account $ 52 Total Business Deposits $ 1,656,786 Number of Accounts 8,879 Average Balance Per Account $ 187 36
Slide 14: Disciplined Credit Culture
D ISC IP L I N E D C R E D I T C U LT U R E Nonperforming Loans Including Deferred Loan Fees and Costs* As of September 30, 2025 2021 2022 2023 2024 2025Q1 2025Q2 2025Q3 ($000) Nonperforming loans to total Nonaccrual Loans Commercial & Industrial $ 163 $ 1,243 $ - $ - $ - $ - $ - loans of 0.67%. Lan
Slide 15: Loans by Type
LOANS BY TYPE ($ in millions) $2.13 Billion in Total Outstanding Loans* as of September 30, 2025 Q3 2025 tax equivalent loan yield of 7.21%, up 6 bps from 7.15% in Q2 2025. Increase was mainly driven by higher prepayment fee income in the commercial real estate loan pool for Q3 and offset by a decre
Slide 16: Real Estate Loan Detail
REAL ESTATE LOAN DETAIL ($ in millions) $1.34 Billion in Total Real Estate Loans* as of September 30, 2025 1-4 SFR $68 Bay Area** 5% Farmland $59 $38 4% 3% Retail $148 11% Hotel Other CRE, OO $237 Santa Cruz $227 18% County Monterey 17% $483 County 36% $423 32% Multifamily Other CRE, NOO $248 $246 1
Slide 17: Organic Loan Growth and Pricing
O R GA NIC L O A N G R O W T H A N D P R I C I N G ($ in 000s) Loan balances are reported gross and exclude deferred expenses and fees, and unaccreted purchase discount. Loan rates are weighted by loan balances and exclude fees/purchase discount accretion. Q4-2024 loan growth data excludes loans acq
Slide 18: Fixed vs. Variable Rate Loans and Repricing Timeline
F I X E D V S . VA R I A B L E R AT E L O A N S A N D REPRICING TIMELINE ($ in millions) Gross of deferred expenses and fees, and purchase discount. (1)Of the loans at their floor rate, 86% will remain at the floor for more than 12 months. (2)Floating/Instant: WSJ Prime and SOFR based loans that rep
Slide 19: Fixed vs. Variable Rate Loans and Loan Floor Rates
F I X E D V S . VA R I A B L E R AT E L O A N S A N D L O A N F L O O R R AT E S ($ in millions) Gross of deferred expenses and fees, and purchase discount. 19
Slide 20: Upcoming CRE Interest Rate Repricing
U P C O M I N G C R E I N T E R E S T R AT E R E P R I C I N G ($ in millions) Gross of deferred expenses and fees, and purchase discount. *Using loan data and index rates as of 9/30/2025. **Regularly monitored by Credit Admin. All loans with a projected DSCR < 1 have an LTV below 65% and are suppor
Slide 21: Non-Owner-Occupied CRE Loans
NON-OWNER-OCCUPIED CRE LOANS ($ in millions) Loans that have a stressed DSCR less than 1:1 have a weighted average LTV of 48%, in addition to adequate support from guarantor cash flow, liquidity, or outside assets. Gross of deferred expenses and fees, and purchase discount. 21
Slide 22: Non-Owner-Occupied CRE Loans
NON-OWNER-OCCUPIED CRE LOANS ($ in millions) *$10.9 million bridge loan secured * by a hotel; actual LTV is 68%, the loan is current on payments and is well supported by guarantors. Figures are based on gross loans excluding deferred expenses and fees. 22
Slide 23: Changes in the Credit Reserve
C H A N G E S I N T H E C R E D I T R E S E RV E ($ in 000s) $40,000 $39,000 $1,218 $38,000 $3,766 $(971) $37,091 $37,000 Increase in Change due to $(473) Loan Volume Q-Factor Improvement in $36,000 Ratings and FOMC Model Unemployment $35,000 Assumptions - GDP Forecasts from June 2025 $34,000 to Sep
Slide 24: Consistent Balance Sheet Growth
CO N S IS T E NT B A L A N C E S H E E T G R O W T H ($ in millions) Denotes acquisition through bank merger *Gross of purchase discount of $23.1 million, $25.4 million, $28.0 million and $30.6 million at September 30, 2025, June 30, 2025, 24 March 31, 2025, and December 31, 2024, respectively.
Slide 25: Strong Profitability
S T R O N G P R O F I TA B I L I T Y ($ in millions) Net Income $16.0 2.50% 2.14% 2.08% $12.0 $13.1 $12.2 $14.0 2.05% 1.99% 1.99% 1.98% 1.98% 1.84% 1.74% 2.00% $11.7 $12.0 1.93% 1.87% $14.0 1.95% $10.0 1.73% $8.5 $8.6 1.78% 1.50% $8.0 $12.9 1.00% $6.0 0.57% $11.7 $12.1 $9.1 $8.8 $9.3 $4.0 $8.2 $8.2
Slide 26: High Margin Drives Profitability
H I G H M A R G I N D R I V E S P R O F I TA B I L I T Y ($ in millions, except per share data) Net Interest Income/Net Interest Margin* 4.83% 4.93% 5.38% 5.29% 5.30% 5.28% 4.91% 4.87% 4.99% $20.9 $20.6 $20.3 $20.2 $20.5 $34.1 $32.3 $32.8 $34.6 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2
Slide 27: Disciplined Expense Management Enhances Profitability
DISCIPLINED EXPENSE MANAGEMENT E N H A N C E S P R O F I TA B I L I T Y ($ in millions) Noninterest Expense 61.62% $11.7 45.30% 45.76% 46.48% 45.16% 43.37% 42.81% 43.13% 38.23% 43.80% 43.65% 45.38% 44.64% 42.71% 43.05% $21.6 $15.5 $15.4 $15.5 $9.4 $9.1 $9.6 $9.9 $8.5 2023Q3 2023Q4 2024Q1 2024Q2 2024
Slide 28: Relationship-Based Pricing Drives NIM and Loan Yields
R E L AT I O N S H I P - B A S E D P R I C I N G D R I V E S NIM AND LOAN YIELDS 5-Year Yield on Loans and Net Interest Margin* Trend Compared to Peers 8.00% 7.21% 7.00% 6.65% 6.00% 5.28% 5.00% 4.25% 4.00% 4.23% 3.00% 2.00% 1.00% 0.00% 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023
Slide 29: Disciplined Pricing Drives Low Cost of Funds
DISCIPLINED PRICING DRIVES LOW COST OF FUNDS 5-Year Cost of Funds Trend Compared to Peers Peers include all publicly listed banks headquartered in California with total assets of $1 billion to $5 billion as of 12/31/24. 29
Slide 30: Robust Capital Position Even Post-Merger
R O B U S T C A P I TA L P O S I T I O N E V E N P O S T- M E R G E R 30
Slide 31: Tangible Book Value Per Share Continues Upward Trend
TA N G I B L E B O O K VA L U E P E R S H A R E C O N T I N U E S U P WA R D T R E N D $(0.85) $(0.57) $(0.92) $(1.18) $(1.17) $(1.91) $(0.24) $27.51 $28.81 $25.09 $26.32 $24.10 $18.50 $20.04 2021YE 2022YE 2023YE 2024YE 2025QE1 2025QE2 2025QE3 Tangible Book Value Per Share AOCI Impact Tangible Book
Slide 32: Diluted Earnings Per Share Resumes Upward Trend
DILUTED EARNINGS PER SHARE R E S U M E S U P WA R D T R E N D $4.89 $4.49 $4.52 $4.46 $4.16 $3.62 $1.21 $3.67 $2.49 $3.36 $3.38 $3.28 $3.28 $1.10 $1.22 $1.14 $1.22 $1.10 2021YE 2022YE 2023YE 2024YE Q1 2025 Q2 2025 Q3 2025 Diluted EPS annualized Diluted EPS adjusted for merger related expenses Dilute
Slide 33: Shareholder-Focused
SHAREHOLDER-FOCUSED Superior Price Performance Cash Dividend 80% $0.22 70% $0.21 $0.20 $0.19 60% $0.17 $0.17 $0.17 $0.18 $0.16 50% 40% 30% 20% 10% 0% -10% Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 WCCB NASDAQ Relative Price Performance % through October 15, 2025 33
Slide 34: Community Reinvestment
COMMUNITY REINVESTMENT Nearly 850 Hours of Community Service in Q3 2025 Through volunteerism and service on boards and committees, we reinvest our time and financials into the communities we serve by supporting local nonprofits, service clubs, Second Harvest Food Bank 5 Cities Homeless Coalition cha
Slide 35: Rankings and Recognition
RANKINGS AND RECOGNITION National BANK DIRECTOR MAGAZINE INDEPENDENT COMMUNITY 2025 RANKINGBANKING REPORT BANKERS OF AMERICA TOP 25 Ranked #4 among Top 25 U.S. banks and #2 for banks Rated #12 for best-performing community banks with with assets less than $5B for full-year 2024 performance. assets g
Slide 36: Rankings and Recognition
RANKINGS AND RECOGNITION Local SILICON VALLEY GOOD TIMES READERS' POLL BUSINESS JOURNAL "BEST OF SANTA CRUZ COUNTY" Ranked #1 for Silicon Valley Banks with Fastest-growing Voted Best Local Bank for the 13th consecutive year. Deposits for deposits as of December 31, 2024. SILICON VALLEY THE PAJARONIA
Slide 37: Appendices
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Slide 38: Highlights
HIGHLIGHTS Capacity to Grow Profitability Consistent growth via organic expansion and strategic Profitability metrics are best mergers amongst peers Robust capital levels Disciplined expense Attractive markets management Featured Business Lines Clear Vision SBA lending expertise New pr
Slide 39: Non-GAAP Reconciliation
N O N - G A A P R E C O N C I L I AT I O N Tangible common equity to tangible assets (the "tangible common equity ratio") and tangible book value per share are non-U.S. GAAP financial measures derived from U.S. stock GAAP-based amounts. We calculate the tangible common equity ratio by excluding the
Slide 40: Non-GAAP Reconciliation (continued)
N O N - G A A P R E C O N C I L I AT I O N (continued) 30-Sep 30-Sep Dollars in thousands, except per share amounts 2025 Dollars in thousands, except per share amounts 2025 QTD Net Income $12,061 QTD Net interest income reported per GAAP $34,634 Add: net loss on sale of investments 2 Add: accelerate
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