Earnings Results 2Q25 July 24, 2025 PCB BANCORP
2 Forward-Looking Statements & Non-GAAP Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the restatement of our consolidated financial statements at and for the quarter ended March 31, 2025; material weaknesses in the Company's internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company’s ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect our financial performance and our stock price; changes to valuations of the Company’s assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; the success of acquisitions and branch expansion; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company’s enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in various securities law filings made periodically by the Company, copies of which are available without charge on the SEC’s website at www.sec.gov and the on the investor relations section of the Company’s website at www.mypcbbank.com. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward- looking statements. Any forward-looking statements presented herein are made only as of the date of this presentation, and we do not undertake any obligation to update or revise any forward- looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law. Non-GAAP Financial Measures This presentation contains non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts or is subject to adjustments that have the effect of excluding amounts that are included in the most directly comparable measure calculated and presented in accordance with Generally Accepted Accounting Principles, or GAAP. Reconciliations of non-GAAP measures to the most directly comparable GAAP measures are provided in the Non-GAAP Measures section of this presentation. References to the “Company,” “we,” or “us” refer to PCB Bancorp and references to the “Bank” refer to the Company’s subsidiary, PCB Bank.
Market Information 7/22/25 Market Cap $38.4 million Stock Price Per Share $21.51 52-Week Range $16.00 - $22.37 Dividend Yield 3.72% Dividend Payout Ratio (3Q24 – 2Q25) 35.19% Outstanding Shares 14,336,602 Stock Information 2Q25 or 6/30/25 Diluted Earnings Per Share (“Diluted EPS”) $0.62 Cash Dividend Per Share $0.20 Book Value (“BV”) Per Share $26.26 Tangible Common Equity (“TCE”) Per Share (1) $21.44 Number of Repurchased Shares (2) 98,628 (1) Not presented in accordance with GAAP. See “Non-GAAP Measures” for reconciliation of this measure to its most comparable GAAP measure. (2) The Company is authorized to purchased additional shares of 428,473 shares under the 2023 stock repurchase program as of 06/30/25. PCB Footprint Corporate Profile 3
Historical Performance $1.58 $1.73 $2.05 $2.32 $2.63 $2.80 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2020 2021 2022 2023 2024 Jun-25 Held-For-Investment Loans ($bn) $1.59 $1.87 $2.05 $2.35 $2.62 $2.82 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2020 2021 2022 2023 2024 Jun-25 Deposits ($bn) $16.2 $40.1 $35.0 $30.7 $25.8 $16.8 $36.2 $52.4 $53.0 $43.1 $39.7 $26.8 0.000 10.000 20.000 30.000 40.000 50.000 60.000 2020 2021 2022 2023 2024 06/25 YTD Net Income/PTPP Income ($mm) Net Income PTPP Income CAGR +13.5% CAGR +13.2% $0.40 $0.44 $0.60 $0.69 $0.72 $0.40 $1.05 $2.62 $2.31 $2.12 $1.74 $1.16 $15.19 $17.24 $22.94 $24.46 $25.30 $26.26 $18.21 $19.62 $20.49 $21.44 -$5.00 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 2020 2021 2022 2023 2024 06/25 YTD Cash Dividend/Diluted EPS & BV/TCE Per Share Cash Dividend Per Share Diluted EPS BV Per Share TCE Per Share (1) At period end (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures (1), (2)(1) (2) 4 Annualized +12.6% Annualized +15.8%
2Q25 Highlights Operating Results • Net income available to common shareholders of $9.0 million, or $0.62 per diluted share • Provision for credit losses of $1.8 million • Return on Average Assets (“ROAA”) of 1.13%, Return on Average TCE (“ROATCE”)(1) of 11.87%, net interest margin of 3.33%, and efficiency ratio of 50.6% Loans • Loans held-for-investment (“HFI loans”) increased $67.7 million, or 2.5%, to $2.80 billion from 3/31/25 • Average loan yield was 6.56% compared to 6.59% for 1Q25 • Total loans to deposits ratio was 99.3% • Quarterly loan production was $148.6 million compared to $161.4 million for 1Q25 Asset Quality • ACL on loans was $33.6 million, or 1.20% to HFI loans • Past due loans were $2.6 million, or 0.09% of HFI loans and NPLs were $8.9 million, or 0.32% of HFI loans Deposits • Total deposits increased $108.5 million, or 4.0%, to $2.82 billion from 3/31/25 • Core deposits(1) were $1.68 billion, or 59.6% of total deposits • Noninterest-bearing deposits were $575.9 million, or 20.4% of total deposits • Uninsured deposits were $1.16 billion, or 41.3% of total deposits • Cost of average interest-bearing deposits and total deposits were 4.13% and 3.32%, respectively Capital & Liquidity • Declared and paid quarterly cash dividend of $0.20 per share • TCE(1) per share was $21.44 • Maintained available borrowing capacity of $1.59 billion, or 48.1% of total assets (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation to most comparable GAAP measure 5
Selected Financial As of or For the Three Months Ended Compared to 3/31/25 Compared to 6/30/24 ($ in Thousands, Except Per Share Data) 6/30/25 3/31/25 6/30/24 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $ 49,308 $ 46,892 $ 44,945 $ 2,416 5.2% $ 4,363 9.7% Interest Expense 23,318 22,609 23,210 709 3.1% 108 0.5% Net Interest Income 25,990 24,283 21,735 1,707 7.0% 4,255 19.6% Noninterest Income 3,297 2,580 2,485 717 27.8% 812 32.7% Noninterest Expense 14,829 14,474 15,175 355 2.5% (346) -2.3% Provision (Reversal) for Credit Losses 1,787 1,598 259 189 11.8% 1,528 590.0% Pretax Income 12,671 10,791 8,786 1,880 17.4% 3,885 44.2% Income Tax Expense 3,600 3,056 2,505 544 17.8% 1,095 41.8% Net Income 9,071 7,735 6,281 1,336 17.3% 2,790 45.2% Preferred Stock Dividends 87 40 142 47 117.5% (55) -38.7% Net Income Available to Common Shareholders 8,984 7,695 6,139 1,289 16.8% 2,845 47.1% Diluted EPS $ 0.62 $ 0.53 $ 0.43 $ 0.09 17.0% $ 0.19 46.5% Selected Balance Sheet Items: HFI loans $ 2,795,309 $ 2,727,610 $ 2,449,074 $ 67,699 2.5% $ 346,235 14.1% HFS loans 8,133 12,101 2,959 (3,968) -32.8% 5,174 174.9% Total Deposits 2,822,915 2,714,399 2,406,254 108,516 4.0% 416,661 17.3% Total Assets 3,305,589 3,183,758 2,852,964 121,831 3.8% 452,625 15.9% Shareholders’ Equity 376,500 370,864 353,469 5,636 1.5% 23,031 6.5% TCE (2) 307,359 301,723 284,328 5,636 1.9% 23,031 8.1% Key Metrics: BV Per Share $ 26.26 $ 25.78 $ 24.80 $ 0.48 1.9% $ 1.46 5.9% TCE Per Share (1) $ 21.44 $ 20.97 $ 19.95 $ 0.47 2.2% $ 1.49 7.5% ROAA (2) 1.13% 1.01% 0.89% 0.12% 0.24% Return on Average Equity (“ROAE”) (2) 9.76% 8.53% 7.19% 1.23% 2.57% ROATCE (1), (2) 11.87% 10.45% 8.75% 1.42% 3.12% Net Interest Margin (2) 3.33% 3.28% 3.16% 0.05% 0.17% Efficiency Ratio (3) 50.63% 53.88% 62.65% -3.25% -12.02% (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to their most comparable GAAP measures (2) Annualized (3) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income 6
$1,504 $1,571 $1,614 $1,631 $1,661 $1,752 $1,815 $1,886 $280 $342 $372 $417 $407 $473 $495 $493 $384 $410 $412 $401 $398 $404 $418 $416 $2,168 $2,323 $2,398 $2,449 $2,466 $2,629 $2,728 $2,795 0 500 1,000 1,500 2,000 2,500 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 HFI Loan Trend ($mm) Commercial Real Estate Commercial & Industrial Consumer 7 Loan Overview YoY +14.1% (1) Per regulatory definition in the Commercial Real Estate (“CRE”) Concentration Guidance $961 $1,063 $1,103 $1,081 $1,100 $1,175 $1,220 $1,274 257% 281% 289% 281% 282% 297% 304% 313% 0% 50% 100% 150% 200% 250% 300% 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0 1,100.0 1,200.0 1,300.0 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Commercial Real Estate(1) Loan Trend ($mm) CRE Loans % to the Bank's Total Risk-Based Capital Commercial Property 36% Business Property 23% Multifamily 7% Construction 1% Commercial & Industrial 18% Consumer 15% HFI Loan Composition June 30, 2025 $2.80B 2Q25 Highlights • HFI loans increased $67.7 million, or 2.5%, to $2.80 billion from 3/31/25 • CRE loans increased $71.3 million (3.6%), but C&I loans decreased $1.8 million (0.4%) and consumer loans decreased $1.8 million (0.4%)
8 Loan Production & Rate/Yield Analysis (1) Total commitment basis (2) Include both HFI and HFS loans (3) Annualized $17 $19 $11 $0 $9 $28 $44 $27 $77 $24 $7 $30 $80 $62 $55 $114 $194 $119 $66 $163 $122 $72 $50 $158 $290 $154 $73 $195 $211 $161 $149 7.95% 7.90% 8.40% 8.78% 7.56% 7.23% 7.04% 6.97% -8% -6% -4% -2% 0% 2% 4% 6% 8% 0 50 100 150 200 250 300 350 400 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 New Production(1) by Rate Type ($mm) Fixed Hybrid Variable WA Rate Fixed (WA Rate: 5.51%) 18% Variable (WA Rate: 7.53%) 44% Hybrid (WA Rate: 5.43%) 38% HFI Loans Interest Rate Mix 22% 21% 20% 19% 18% 18% 18% 18% 39% 39% 39% 37% 38% 37% 38% 38% 39% 40% 41% 44% 44% 45% 44% 44% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 30-Jun HFI Loans Interest Rate Mix Trend Fixed Hybrid Variable June 30, 2025 HFI Loans WA Rate 6.36% Repricing Schedule (6/30/25) HFI Loans HFS Loans Total Loans ($ in thousands) Carrying Value WA Rate Carrying Value WA Rate Carrying Value WA Rate Less Than 3 Months $ 1,196,879 7.48% $ 8,133 8.93% $ 1,205,012 7.49% 3 to 12 Months 181,106 4.85% 0 181,106 4.85% 1 to 3 Years 729,692 4.83% 0 729,692 4.83% 3 to 5 Years 642,070 6.50% 0 642,070 6.50% More than 5 Years 45,562 5.37% 0 45,562 5.37% Total $ 2,795,309 6.36% $ 8,133 8.93% $ 2,803,442 6.37% Loan Yield Analysis 2Q25 06/25 YTD ($ in thousands) Amount(2) Yield(3) Amount(2) Yield(3) Average Carrying Value $ 2,782,200 $ 2,715,986 Interest on Loans $ 44,454 6.41% $ 86,342 6.41% Fee (Cost) 377 0.05% 600 0.04% Prepayment Penalty & Late Charges 37 0.01% 80 0.01% Discount (Premium) 610 0.09% 1,482 0.11% Total Interest & Fees $ 45,478 6.56% $ 88,504 6.57%
Carrying Value % to Total Count WA LTV(1) WA Rate Maturing ($ in thousands) <= 1 Year 2-3 Years 3-5 Years > 5 Years Retail (More Than 50%) $ 396,990 21.1% 322 48.1% 6.08% $ 81,623 $ 55,074 $ 144,361 $ 115,932 Industrial 283,527 15.0% 165 48.4% 5.76% 24,093 64,982 106,941 87,511 Apartments 195,351 10.4% 69 52.8% 5.91% 39,584 45,967 76,575 33,225 Mixed Use 189,852 10.1% 149 44.4% 6.04% 28,400 52,586 55,912 56,054 Office 149,055 7.9% 63 53.3% 6.24% 38,906 22,491 57,980 29,678 Motel & Hotel 142,397 7.5% 98 47.2% 7.19% 2,873 35,276 38,735 65,513 Gas Station 113,230 6.0% 126 54.1% 6.76% 618 24,505 40,313 47,794 Medical 60,406 3.2% 32 44.0% 7.14% 10,793 30,794 8,746 10,073 Golf Course 47,829 2.5% 8 37.8% 5.50% 0 5,318 37,324 5,187 Auto (Sales, Repair, & etc.) 39,174 2.1% 32 52.9% 5.66% 7,405 19,554 5,671 6,544 Commercial Condominium 36,519 1.9% 40 51.7% 6.28% 5,023 9,524 14,358 7,614 Spa, Sauna, & Oher Self-Care 33,819 1.8% 8 47.1% 6.23% 0 0 23,006 10,813 Car Wash 32,647 1.7% 27 47.1% 6.18% 9,300 6,208 9,992 7,147 Construction 27,294 1.4% 5 55.8% 8.79% 27,294 0 0 0 Nursing Facility 26,352 1.4% 8 50.6% 6.82% 0 3,041 15,883 7,428 Wholesale 25,996 1.4% 15 38.8% 5.61% 4,454 130 17,129 1,183 Others 86,022 4.6% 79 49.2% 6.29% 6,042 7,607 22,461 49,912 Total $ 1,886,460 100.0% 1,246 48.8% 6.22% $ 286,408 $ 383,057 $ 675,387 $ 541,608 Loan Concentration (1) Collateral value at origination Los Angeles County 62% Orange County 8% Riverside County 4% San Bernardino County 3% Northern CA Counties 3% Other Socal Counties 1% NY/NJ 7% Texas 6% Washington 3% Other States 3% Commercial Real Estate Loans Geographic Concentration (6/30/25) $1.89B CA: $1.54B (82%) Commercial Real Estate Loans by Property Type (6/30/25) ($ in thousands) Carrying Value WA LTV(1) WA FICO Residential Mortgage $ 406,682 58.4% 761 Residential Mortgage Loans (6/30/25) 9
Loan Concentration Carrying Value % to Total WA Rate WA Month to Maturity($ in thousands) Finance & Insurance $ 166,712 33.8% 6.89% 4 General Manufacturing & Wholesale Trade 99,040 20.1% 7.23% 23 Retail Trade 57,753 11.7% 7.67% 34 Real Estate Related 42,902 8.7% 7.29% 23 Food Services 41,079 8.3% 8.31% 54 Arts, Entertainment, & Recreation 21,961 4.5% 7.83% 12 Professional, Scientific, & Technical Services 18,021 3.7% 7.75% 15 Construction 11,399 2.3% 7.88% 30 Other Services 10,312 2.1% 7.59% 21 Health Care & Social Assistance 8,954 1.8% 7.97% 40 All Other 14,724 3.0% 7.97% 113 Total $ 492,857 100.0% 7.36% 23 Los Angeles County 44% Orange County 13% Other Socal Counties 8% Northern CA Counties 7% San Bernardino County… Riverside County 1% Georgia 7% NY/NJ 7% Texas 2% Other States 9% Commercial & Industrial Loans Geographic Concentration (6/30/25) Commercial & Industrial Loans by Industry Type (6/30/25) $493MM CA: $367MM (75%) 10
Credit Quality & Peer(1) Comparison $3.7 $6.5 $4.9 $7.5 $7.1 $4.7 $6.2 $8.9 0 1 2 3 4 5 6 7 8 9 10 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Non-Performing Assets (“NPAs”) ($mm) 0.15% 0.23% 0.17% 0.26% 0.24% 0.15% 0.20% 0.27% 0% 0% 0% 0% 0% 0% 0% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 NPAs to Total Assets 1.18% 1.19% 1.18% 1.17% 1.17% 1.16% 1.17% 1.20% 1% 1% 1% 1% 1% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 ACL on Loans to HFI Loans 686% 703% 574% 383% 437% 653% 511% 376% 0 1 2 3 4 5 6 7 8 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 ACL on Loans to Non-Performing HFI Loans (1) Korean-American banks operating in Southern California (2) Source: UBPR (3) PCB Bank’s Peer Group per UBPR (4) Source: press releases concerning financial performance (3) 11 1.59% 1.33% 1.05% 0.73% 0.72% 0.69% 0.57% 0.32% 0.19% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% CBB Open USM Shinhan Hope Peer Hanmi PCB Woori NPAs / (Total Loans + OREO)(2) June 30, 2025 Peer Information: March 31, 2025 1.55% 1.32% 0.68% 0.60% 0.50% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% Hope CBB Open Hanmi PCB Classified Assets to Total Assets(4) June 30, 2025 Peer Information: March 31, 2025
Deposits (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure. $611 $595 $538 $544 $540 $548 $564 $576 $459 $421 $484 $484 $492 $467 $513 $551 $861 $972 $1,021 $1,036 $1,073 $1,099 $1,185 $1,205 $261 $364 $360 $343 $355 $502 $452 $491 $2,192 $2,352 $2,403 $2,407 $2,460 $2,616 $2,714 $2,823 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Deposit Trend ($mm) Noninterest DDA Retail Other Interest-Bearing Retail Time Deposits Wholesale Deposits Noninterest DDA 20% Retail Other Interest-Bearing 20% Retail Time Deposits 43% Wholesale Deposits 17% Deposit Composition $2.82B $1,476 $1,472 $1,494 $1,503 $1,525 $1,508 $1,610 $1,683 67% 63% 62% 63% 62% 58% 59% 60% 0% 10% 20% 30% 40% 50% 60% 70% 80% $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Core Deposits(1) ($mm) Core Deposits % to Total Deposits Time Deposit Maturity Schedule (6/30/25) Retail Wholesale Total ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate Less Than 3 Months $ 265,590 4.50% $ 110,000 4.22% $ 375,590 4.42% 3 to 6 Months 383,571 4.22% 220,460 4.22% 604,031 4.22% 6 to 9 Months 347,223 4.31% 50,000 4.23% 397,223 4.30% 9 to 12 Months 203,262 4.14% 110,540 4.16% 313,802 4.15% More than 12 Months 4,871 3.97% 0 4,871 3.97% Total $ 1,204,517 4.29% $ 491,000 4.21% $ 1,695,517 4.27% YoY +17.3% 2Q25 Highlight • Total deposits increased $108.5 million (4.0%) from 3/31/25 • Retail deposits increased $69.8 million (3.1%) and wholesale deposits increased $38.7 million (8.6%) from 3/31/25 • Uninsured deposits were $1.16 billion (41.3% of total deposits) compared to $1.13 billion (41.4% of total deposits) at 12/31/24 June 30, 2025 12
Profitability (1) PTPP (Pre-Tax Pre-Provision) income, and adjusted EPS, ROAA and ROAE for PTPP are not presented in accordance with GAAP. See “Non-GAAP Financial measures” for reconciliations of these measures to their most comparable GAAP measures. $7.0 $5.9 $4.7 $6.3 $7.8 $7.0 $7.7 $9.1 $10.7 $10.0 $7.6 $9.0 $10.7 $12.3 $12.4 $14.5 -1 1 3 5 7 9 11 13 15 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Net Income PTPP Net Income & PTPP(1) Income ($mm) $0.49 $0.41 $0.33 $0.43 $0.52 $0.46 $0.53 $0.62 $0.74 $0.69 $0.53 $0.62 $0.72 $0.83 $0.85 $1.00 0.00 0.20 0.40 0.60 0.80 1.00 1.20 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Diluted EPS Adjusted Diluted EPS Diluted EPS & Adjusted Diluted EPS(1) 1.09% 0.89% 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.66% 1.50% 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 ROAA Adjusted ROAA ROAA & Adjusted ROAA(1) 8.12% 6.82% 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 12.42% 11.49% 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 ROAE Adjusted ROAE ROAE & Adjusted ROAE(1) 2Q25 Highlights • Net interest income increased $1.7 million and noninterest income increased $717 thousand, but noninterest expense increased $355 thousand compared to 1Q25 13
Noninterest Income & Expense $17.7 $20.8 $19.4 $13.6 $13.5 $24.5 $16.6 $26.9 $16.2 $25.1 $20.6 $12.7 $19.8 $39.3 $26.4 $31.0 6.3% 6.0% 8.2% 7.8% 8.8% 7.8% 7.3% 6.5% 3.9% 3.9% 5.6% 5.6% 5.6% 4.7% 5.3% 5.4% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 0 10 20 30 40 50 60 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 SBA 7(A) Loans ($mm) Sold Production Premium % Gain % $8.6 $8.4 $9.2 $9.2 $8.8 $8.4 $9.1 $8.8 $5.6 $6.1 $7.2 $6.0 $5.8 $5.5 $5.4 $6.0 2.22% 2.19% 2.33% 2.13% 2.04% 1.86% 1.87% 1.84% 0% 1% 1% 2% 2% 3% 0 2 4 6 8 10 12 14 16 18 20 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Noninterest Expense Trend ($mm) Compensation All Other Expenses % to Average Total Assets 56.9% 59.2% 68.3% 62.7% 57.6% 53.0% 53.9% 50.6% 62.1% 62.8% 66.1% 65.3% 64.7% 64.4% 59.7% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Efficiency Ratio (2) PCB Peer Average 272 270 272 265 264 262 257 266 200 210 220 230 240 250 260 270 280 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Number of FTE(3) Employees (1) Annualized (2) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. Peer average data from UBPR (3) Full-time equivalent (1) $1.8 $1.7 $1.8 $1.7 $1.8 $1.8 $1.7 $1.8 $0.7 $0.8 $1.1 $0.8 $0.8 $1.2 $0.9 $1.5 28% 32% 37% 31% 29% 38% 34% 44% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 0 1 1 2 2 3 3 4 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Noninterest Income Trend ($mm) All Other Income Gain on Sale of Loans % of Gain on Sale of Loans
Net Interest Margin (1) Annualized 6.43% 6.58% 6.66% 6.77% 6.82% 6.63% 6.59% 6.56% 3.57% 3.40% 3.10% 3.16% 3.25% 3.18% 3.28% 3.33% 4.17% 4.52% 4.85% 4.86% 4.85% 4.59% 4.28% 4.14% 2.97% 3.36% 3.76% 3.81% 3.79% 3.61% 3.45% 3.35% 5.26% 5.33% 5.33% 5.33% 5.26% 4.65% 4.33% 4.33% 2% 3% 4% 5% 6% 7% 8% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Yield & Cost(1) Loan Yield Net Interest Margin Cost of Interest-Bearing Liabilities Cost of Funds Average Fed Funds Rate 3.28% 3.33% -0.02% 0.00% +0.09% -0.02% 2.80% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% 1Q25 Loan Yield Other Earning Assets Yield Int-Bearing Liabilities Cost Balance Sheet Mix 2Q25 Quarter-over-Quarter Impact to Net Interest Margin(1) 2Q25 Highlights • Net interest income increased $1.7 million to $26.0 million from $24.3 million for 2Q25 • Net interest margin increased to 3.33% from 3.28% for 21Q25 mainly due to a decrease in cost of interest-bearing liabilities, partially offset by decreases in loan and earning-assets yield. 15
Capital 11.81% 11.14% 13.60% 14.84% 11.50% 13.23% 13.23% 14.47% 5.00% 6.50% 8.00% 10.00% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% Tier 1 Leverage CET 1 Capital Tier 1 Capital Total Capital Regulatory Capital Ratios Consolidated Bank Minimum Requirement For Well-Capitalized $23.87 $24.46 $24.54 $24.80 $25.39 $25.30 $25.78 $26.26 $19.05 $19.62 $19.69 $19.95 $20.55 $20.49 $20.97 $21.44 $12 $14 $16 $18 $20 $22 $24 $26 $28 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Book Value/TCE Per Share(1) BV Per Share TCE Per Share June 30, 2025 13.31% 12.51% 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 10.62% 10.03% 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Total Equity/TCE to Total Assets(1) Total Equity to Total Assets TCE to Total Assets (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation of this measure to its most comparable GAAP measure. 16
Non-GAAP Financial Measures To supplement the financial information presented in accordance with GAAP, we use certain non-GAAP financial measures. Management believes the non-GAAP measures enhance investors’ understanding of the Company’s business and performance. These measures are also useful in understanding performance trends and facilitate comparisons with the performance of other financial institutions. Risks associated with non-GAAP measures are the risk that persons might disagree as to the appropriateness of items comprising these measures and that different companies might calculate these measures differently. In the information below, we provide reconciliations of the non-GAAP financial measures used in this presentation to the most direct comparable GAAP measures. Core Deposits Core Deposits are a non-GAAP measure that we use to measure the portion of our total deposits that are thought to be more stable, lower cost and reprice less frequently on average in a rising rate environment. We calculate core deposits as total deposits less time deposits greater than $250,000 and brokered deposits. We track core deposits because we believe it is a useful measure to help assess the Company’s deposit base and, among other things, potential volatility therein. ROATCE, TCE Per Share and TCE to Total Assets ROATCE, TCE per share and TCE to total assets measures that we use to measure the Company’s performance. We calculated TCE as total shareholders’ equity excluding preferred stock. Management believes the non-GAAP measures provide useful supplemental information, and a clearer understanding of the Company’s performance. PTPP Income, and Adjusted ROAA, ROAE and Diluted EPS for PTPP PTPP income, and adjusted ROAA, ROAE and Diluted EPS are non-GAAP measures that we use to measure the Company’s performance and believe these presentations provide useful supplemental information, and a clearer understanding of the Company’s performance. We calculated PTPP income as net income excluding income tax provision and provision for loan losses. 17
Non-GAAP Financial Measures The following table reconciles core deposits to its most comparable GAAP measure: ($ in thousands) Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Total Deposits (d) $ 2,192,129 $ 2,351,612 $ 2,402,840 $ 2,406,254 $ 2,459,682 $ 2,615,791 $ 2,714,399 $ 2,822,915 Less: Time Deposits Greater Than $250K (514,406) (575,702) (609,550) (619,832) (640,166) (665,124) (712,458) (709,160) Less: Brokered Deposits (201,258) (303,742) (299,776) (283,033) (295,080) (442,284) (392,284) (431,001) Core Deposits (e) $ 1,476,465 $ 1,472,168 $ 1,493,514 $ 1,503,389 $ 1,524,436 $ 1,508,383 $ 1,609,657 $ 1,682,754 Core Deposits to Total Deposits (e)/(d) 67.4% 62.6% 62.2% 62.5% 62.0% 57.7% 59.3% 59.6% The following table reconciles ROATCE to its most comparable GAAP measure: ($ in thousands) 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Average Total Shareholders' Equity (a) $ 343,144 $ 343,735 $ 349,644 $ 351,221 $ 357,376 $ 363,828 $ 367,710 $ 372,629 Less: Average Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 Average TCE (Non-GAAP) (b) $ 274,003 $ 274,594 $ 280,503 $ 282,080 $ 288,235 $ 294,687 $ 298,569 $ 303,488 Net Income (c) $ 7,023 $ 5,908 $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 ROAE (1) (c)/(a) 8.12% 6.82% 5.32% 7.19% 8.70% 7.69% 8.53% 9.76% Net Income Available to Common Shareholders (d) $ 7,023 $ 5,908 $ 4,685 $ 6,139 $ 7,468 $ 6,684 $ 7,695 $ 8,984 ROATCE (Non-GAAP)(1) (d)/(b) 10.17% 8.54% 6.63% 8.75% 10.31% 9.02% 10.45% 11.87% The following table reconciles TCE per share and TCE to total assets to their most comparable GAAP measures: ($ in thousands, except per share data) Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Total Shareholders' Equity (a) $ 341,852 $ 348,872 $ 350,005 $ 353,469 $ 362,300 $ 363,814 $ 370,864 $ 376,500 Less: Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 TCE (Non-GAAP) (b) $ 272,711 $ 279,731 $ 280,864 $ 284,328 $ 293,159 $ 294,673 $ 301,723 $ 307,359 Outstanding Shares (c) 14,319,014 14,260,440 14,263,791 14,254,024 14,266,725 14,380,651 14,387,176 14,336,602 Book Value Per Share (a)/(c) $ 23.87 $ 24.46 $ 24.54 $ 24.80 $ 25.39 $ 25.30 $ 25.78 $ 26,26 TCE Per Share (Non-GAAP) (b)/(c) $ 19.05 $ 19.62 $ 19.69 $ 19.95 $ 20.55 $ 20.49 $ 20.97 $ 21,44 Total Assets (d) $ 2,567,974 $ 2,789,506 $ 2,854,292 $ 2,852,964 $ 2,889,833 $ 3,063,971 $ 3,183,758 $ 3,305,589 Total Shareholders’ Equity to Total Assets (a)/(d) 13.31% 12.51% 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% TCE to Total Assets (Non-GAAP) (b)/(d) 10.62% 10.03% 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% (1) Annualized 18
Non-GAAP Financial Measures (1) Provision (reversal) for credit losses does not include provision (reversal) for off-balance sheet credit exposures for years ended December 31, 2020, 2021 and 2022. (2) Annualized. The following table reconciles PTPP income, and adjusted ROAA, ROAE and diluted EPS for PTPP to their most comparable GAAP measures: ($ in thousands) 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Net Income (a) $ 7,023 $ 5,908 $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 Add: Provision (Reversal) for Credit Losses 751 1,698 1,090 259 50 2,002 1,598 1,787 Add: Income Tax Provision 2,970 2,352 1,817 2,505 2,873 3,281 3,056 3,600 PTPP Income (Non-GAAP) (b) $ 10,744 $ 9,958 $ 7,592 $ 9,045 $ 10,737 $ 12,313 $ 12,389 $ 14,458 Average Total Assets (c) $ 2,563,233 $ 2,642,175 $ 2,809,808 $ 2,853,152 $ 2,866,707 $ 2,980,641 $ 3,097,516 $ 3,226,395 ROAA (2) (a)/(c) 1.09% 0.89% 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% Adjusted ROAA (Non-GAAP)(2) (b)/(c) 1.66% 1.50% 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% Average Total Shareholders' Equity (d) $ 343,144 $ 343,735 $ 349,644 $ 351,221 $ 357,376 $ 363,828 $ 367,710 $ 372,629 ROAE (2) (a)/(d) 8.12% 6.82% 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% Adjusted ROAE (Non-GAAP)(2) (b)/(d) 12.42% 11.49% 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% Net Income available to common shareholders $ 7,023 $ 5,908 $ 4,685 $ 6,139 $ 7,468 $ 6,684 $ 7,695 $ 8,984 Less: Income Allocated to Participating Securities (21) (17) (9) (11) (11) (16) (61) (72) Net Income Allocated to Common Stock (e) 7,002 5,891 4,676 6,128 7,457 6,668 7,634 8,912 Add: Provision for Loan Losses 751 1,698 1,090 259 50 2,002 1,598 1,787 Add: Income Tax Provision 2,970 2,352 1,817 2,505 2,873 3,281 3,056 3,600 PTPP Income Allocated to Common Stock (f) $ 10,723 $ 9,941 $ 7,583 $ 8,892 $ 10,380 $ 11,951 $ 12,288 $ 14,299 WA common shares outstanding, diluted (g) 14,396,216 14,316,581 14,330,204 14,312,949 14,356,384 14,406,756 14,403,769 14,326,011 Diluted EPS (e)/(g) $ 0.49 $ 0.41 $ 0.33 $ 0.43 $ 0.52 $ 0.46 $ 0.53 $ 0.62 Adjusted Diluted EPS (Non-GAAP) (f)/(g) $ 0.74 $ 0.69 $ 0.53 $ 0.62 $ 0.72 $ 0.83 $ 0.85 $ 1.00 19 ($ in thousands) 2020 2021 2022 2023 2024 06/25 YTD Net Income $ 16,175 $ 40,103 $ 34,987 $ 30,705 $ 25,810 $ 16,806 Add: Provision (Reversal) for Credit Losses(1) 13,219 (4,596) 3,602 (132) 3,401 3,385 Add: Income Tax Provision 6,836 16,856 14,416 12,557 10,476 6,656 PTPP Income (Non-GAAP) $ 36,230 $ 52,363 $ 53,005 $ 43,130 $ 39,687 $ 26,847