Slide 1: Q1 2012 Earnings Results
©C\oactrust BANCORP,INC* Q1 2012 Earnings Results April2012
Slide 2: Forward-looking Statements
Executing on Growth © pactrust Forward-looking Statements BANCORP,INC: 7 used in this presentation andin documents filed with or furnished to the Securities and Exchange Commission (the “SEC"), in press releases or other public shareholder communications, or in oral statements made with the approval
Slide 3: First Quarter 2012 Highlights
Executing on Growth Opactrust First Quarter 2012 -- Highlights BANCORP,INC — ™ th total assets reaching $1.1 billion at 3/31/12 ¥ $84 million of asset growth; \ ¥ 8.4% quarter-over- quarter and 29.7% year-over-year growth Y¥ Strong organic loan and deposit growth with attractive pricing and credit m
Slide 4: Q1 Earnings
Executing on Growth Opdctrust Q1 Earnings SANCORD NC! ————— © $377 thousand in net income after tax ® $1.1 million in pre-tax, pre-provision earnings* © Netinterest margin rose by 27 bps to 3.65% ® $1.4 million linked quarters expansion in net interest income due to increased volume of earning asset
Slide 5: Loans
Executing on Growth Opactrust Loans SANCOR? NC) Outstanding Loan Balances {amounisin§ millions / wonuaind) © =Q1 2012 quarter end balance increased by $52.7 million to $828 million 50 noe 4.50% ® Loan production grew over Q4 2011 by $57 $800 ~ million with average coupon of 5.05% on 1008 organic gro
Slide 6: Deposits
Executing on Growth Opdctrust Deposits SANCOR? NC) Outstanding Deposit Balances {amountsin§ milions/ wonuaied) $800 7 6.00% © Q1 2012 ending deposits grew by $68 million over 12/31/2011 to $854 million. — De novo branches added $25.5 $750 + 5.00% million in deposits in Ql 2012 © Q1 2012 cost of depo
Slide 7: Branch Network
‘S) FIRST pactrust Branch Network BANCORP,INC Executing on Growth 14 Branchlocations serving San Diego, Los Angeles, Orange, and Riverside Counties Includes the five De Novo branches opened in La Jolla, San Marcos, Century City, Santa Monica, and Tustin > Branches are exceeding growth goals thereby
Slide 8: Net Interest Margin
Executing on Growth Opdctrust Net Interest Margin BANCORP,INC> Components of Net Interest Margin femountsin$ millions/ % ennuslized) ® Netinterest margin for Q1 2012 rose by 27 bps asa $900 6.00% over Q4 2011 levels primarily driven by 28 bps increase in yield on our assets which reflects 8589 the h
Slide 9: Non-Interest Income
Executing on Growth © pactrust Non-Interest Income BANCORP,INC> Customer Service Fees femountsin$ thousends) © —Q12012 non-interest income was $503 $400 5 thousand net of a $39 thousand loss on sale of securities; slightly better than Q4 2011 NIl of $498 thousand oe 4 ® Excluding the gain/(loss) on
Slide 10: Non-Interest Expense
© pactrust Non-Interest Expense BANCORP,INC: © — Non-interest expense decreased by $3.0 million from $11.2 million for Q4 2011 to $8.2 million in Q12012 — Significantly lower OREO and foreclosure related charges, as well as a gain of $316 thousand on sale of OREO — Salaries and occupancy expenses gr
Slide 11: Credit Metrics
‘S) FIRST pa ctrust Credit Metrics BANCORP,INC: Executing on Growth Significantly improved asset quality Delinquencies declined by 87% from $54.8 million at 3/31/2011 to $7.1 million at 3/31/2012 (30-59), (60-89), and (90+) Delinquencies femountsin$ millions) $40 $30 $20 $10 « he 30-59 60-89 90- mai
Slide 12: Credit quality
‘S) FIRS pa ictrust Credit quality BANCORP,INC> At3/31/2012, 30-89 days and 90+ days delinquencies were at their lowest levels in the last 5 quarters; $4.5 and $2.6 million respectively; 58% and 67% decline over their respective balances at the end of Q4 2011 OREO declined to $12.8 million vs. $14.7
Slide 13: Credit quality and provision
‘S) FIRS pd T BANCORP,INC> Elimination of SVA in Q1 2012 isa result of change in regulatory reporting from OTS to OCC format with all SVAs charged off. Magnitude of charge-off mitigated by improved credit quality. Added $0.9 million to GVA in support of loan growth in QL 2012 The allowance for loan
Slide 14: OREO Overview
Or sactrust OREO Overview BANCORP,INC DATA AS OF MARCH 31, 2011 *ACIFICTRUST BANK TOTALNUMBER OF ASSETS 45 BOOK VALUE OF ASSETS: $6,921,651 BREAKDOWN: RESIDENTIAL| 87% commerctal| 20% Lano| 13% 80% * All OREO is carried at levelsno more than 91% of the most recent appraised value * Sold 10 assets re
Slide 15: Capital
Opactrust Capital BANCORP,INC: © Continued strong capital position at Bancorp and Pacific Trust Bank — At March 31, 2012 the Bank’s total core capital to adjusted tangible assets stands at 11.8% and total risk-based capital ratio stands at 17.1% — Reduction in Capital Ratios driven by quarter-over-q
Slide 16: Other items
Or Saictrust Other items BANCORP,INC Executing on Growth Beach Acquisition Awaiting FRB approval Expected to close Q2 2012 Beach reported total assets of $299 million and net income of §.5 million for the quarter ended March 31, 2012. Gateway Merger Awaiting OCC approval; OCC granted extension of ti
Slide 17: Summary — Continuing to Execute on Qualitative Growth Plans
Executing on Growth FIRST pactrust Summary — Continuing to Execute on Qualitative Growth Plans BANCORP.INC: ‘ ¥ $84 million of asset growth; with total assets reaching $1.1 billion at 3/31/12 ¥ — Strong organic loan and deposit growth with attractive pricing and credit metrics ¥ — 27basis point expa
Slide 18: Appendices
Appendices
Slide 19: Non-GAAP Financial Information
Executing on Growth Opdctrust Non-GAAP Financial Information BANCORP,INC This presentation contains certain financial information determined by methods ather than in accordance with accounting principles generally accepted in the United States (‘GAAP"), These non-GAAP financial measures include tang
Slide 20: Non-GAAP Financial Information (Continued)
Executing on Growth Opdctrust Non-GAAP Financial Information BANCORP,INC> = (Continued) The following table presents a reconciliation of pre-tax pre-pravision income to net incame (dollars in thousands) Forthe Forthe Forthe —Forthe Forthe Year Quarter Quarter Quarter. «Quarter ending ending ending e