BayCom : 4th Quarter 2022 Investor Presentation

Investor Presentation

Q4 2022

NASDAQ: BCML

Presentation Disclosure

This investor presentation has been prepared by BayCom Corp ("BCML" or the "Company") solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested parties in making their own evaluation of BCML and does not purport to contain all of the information that may be relevant. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this presentation and other information provided by or on behalf of BCML.

There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors which could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements include, but are not limited to, potential adverse impacts to economic conditions in the Company's local market areas, other markets where the Company has lending relationships, or other aspects of the Company's business operations or financial markets, generally, resulting from the COVID-19 pandemic and any governmental or societal responses thereto; expected revenues, cost savings, synergies and other benefits from our recent acquisitions of Pacific Enterprise Bancorp might not be realized within the expected time frames or at all and costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected; future acquisitions by the Company of other depository institutions or lines of business; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; changes in economic conditions in general and in California, Colorado, New Mexico and Washington specifically, including as a result of employment levels and labor shortages, and the effects of inflation, a potential recession or slowed economic growth caused by increasing oil prices and supply chain disruptions; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; increased competitive pressures; changes in management's business strategies; and other factors described in the Company's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission ("SEC") that are available on our website at www.unitedbusinessbank.com and on the SEC's website at www.sec.gov.

The factors listed above could materially affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements.

The Company does not undertake - and specifically declines any obligation - to publicly release the result of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events whether as a result of new information, future events or otherwise, except as may be required by law or NASDAQ rules. When considering forward-looking statements, you should keep in mind these risks and uncertainties. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made.

Non-GAAP Financial Measures

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 Book Value Per Share," and "Tangible Common Equity." The Company believes that these non- GAAP financial measures are important to many investors who are interested in changes from period to period in book value per common share exclusive of changes in intangible assets. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Because not all companies use the same calculation of "Tangible Book Value Per Share," and "Tangible Common Equity," this presentation may not be comparable to other similarly

titled measures as calculated by other companies.

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BayCom Corp - Who we are

Overview

Financial Highlights

• BayCom Corp is the bank holding company for United Business Bank, the "Bank"
• • Founded in 2004 and headquartered in Walnut Creek, California
  • Full service commercially-oriented community bank
  • Serves small and mid-sized businesses, professionals and individuals
• 34 full-service branches
• • 8 branches in the San Francisco Bay Area
  • 5 branches in the Los Angeles Area
  • 3 branches in California's Central Valley
  • 2 branches in Seattle, Washington
  • 5 branches in New Mexico
  • • 1 in Albuquerque
    • 4 South of Albuquerque
  • 11 branches in Colorado
• Ten successful whole bank acquisitions completed since 2010
• Pacific Enterprise Bancorp acquired in February, 2022

		Baycom		Baycom		Baycom
	3 Mo Ended	12 Mo Ended	12 Mo Ended
		31-Dec		31-Dec		Dec 31,
Description		2022		2022		2021
(Dollars and shares in thousands, except per share data)
Net Income	$	8,053	$	26,987	$	20,691
Diluted Earnings Per Share	$	0.62	$	2.06	$	1.90
Average Shares Outstanding		12,961		13,124		10,882
Return on Average Assets1		1.28%		1.03%		0.89%
Return on Average Equity1		10.15%		8.50%		8.06%
Yield on Earning Assets1		4.91%		4.31%		3.74%
Cost of Interest-Bearing Liabilities1		0.89%		0.70%		0.67%
Net Interest Margin1		4.40%		3.90%		3.34%
Efficiency Ratio		58.29%		61.40%		65.57%
Non Performing Loans / Total Loans		0.75%		0.75%		0.41%
Nonperforming Assets / Total Assets2		0.61%		0.61%		0.29%

1. Annualized.
2. Nonperforming assets consists of non-accruing loans and other real estate owned.

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Company Strengths

• Seasoned and talented management team who founded and led the Company since 2004
• Disciplined acquisition strategy and proven track record of integrating banks
• • The Company recorded bargain purchase gains in four of its ten completed acquisitions with the other six having tangible book value pay back periods of 3 years or less
  • Company is well-positioned for future M&A
  • Acquisition focus is on the Western region of the United States
• Strong core performance metrics creates potential for future shareholder appreciation
• Efficient and scalable platform with capacity to support growth
• Attractive metropolitan markets (SF Bay Area, Los Angeles, Seattle, Albuquerque, Denver) with favorable demographics and strong local economies
• • Footprint allows for ample fill-in opportunities
  • Pacific Enterprise Bancorp acquisition increased our Southern California presence
• Strong asset quality metrics since inception
• Experience in system and operational integration

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Experienced Leadership Team

Name / Title	Experience	Background
George J. Guarini	34 years	• President and Chief Executive Officer since the Bank began operations in 2004
President &	Founding CEO	• Held key executive and senior level management positions with national and regional institutions
Chief Executive Officer	18 years with UBB	• Successfully resolved significant loan portfolio weakness at two other financial institutions
Janet L. King	33 years	• Senior Executive Vice President and Chief Operating Officer since the Bank's inception in 2004
Senior Executive Vice President &	Founding COO	• Formerly Chief Branch Administrator at Circle Bank from 1999 - 2004 where she was responsible for all
Chief Operating Officer	18 years with UBB	aspects of operations
		• Served as Vice President of Operations for Valencia Bank & Trust from 1987 - 1998
		• Appointed to the Board of Directors in 2022
Keary L. Colwell	32 years	• Senior Executive Vice President, Chief Administrative Officer, Chief Financial Officer, and Corporate
Senior Executive Vice President &	Founding CFO	Secretary since inception in 2004
Chief Financial Officer &	18 years with UBB	• Instrumental in the successful turn-around of a Bay Area bank in the 1990s
Corporate Secretary		• Appointed to the Board of Directors in 2022
Rick Pak	34 years	• Joined the Bank in September, 2016 - promoted to CLO in January, 2019
Executive Vice President &	6 years with UBB	• Previously served in various positions at Wells Fargo, Citibank, and other banks and credit unions
Chief Lending Officer		• Expertise in SBA, USDA, agricultural and Commercial lending
Terry Curley	27 years	• Joined the Bank in April, 2017 when the Company acquired United Business Bank, FSB
Executive Vice President &	5 years with UBB	• At United Business Bank, FSB she served as EVP/Chief Credit Officer from 2012 to 2017
Chief Credit Officer; and Director		• Executive in-charge of Labor Services Division since 2017
Labor Services Division		• Appointed CCO in 2021

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