BORROWINGS	6 Months Ended
Jun. 30, 2026
BORROWINGS
BORROWINGS	NOTE 11 – BORROWINGS Other borrowings – The Bank has an approved secured borrowing facility with the Federal Home Loan Bank of San Francisco (the “FHLB”) for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans. At June 30, 2026 and December 31, 2025, the Bank had the ability to borrow up to $531.0 million and $580.7 million, respectively, from the FHLB of San Francisco. At June 30, 2026, the Bank had $25.0 million of overnight advances outstanding from the FHLB of San Francisco, compared to no FHLB borrowings outstanding at December 31, 2025. The Bank has been approved for discount window advances from the FRB of San Francisco secured by certain types of loans. At June 30, 2026 and December 31, 2025, the Bank had the ability to borrow up to $42.8 million and $49.3 million, respectively, from the FRB of San Francisco. At both June 30, 2026 and December 31, 2025, the Bank had no FRB of San Francisco advances outstanding. The Bank has Federal Funds lines with four correspondent banks. Cumulative available commitments totaled $65.0 million at both June 30, 2026 and December 31, 2025. There were no amounts outstanding under these facilities at both June 30, 2026 and December 31, 2025. Junior subordinated deferrable interest debentures – In connection with its previous acquisitions, the Company assumed junior subordinated deferrable interest debentures, totaling $5.9 million, net of fair value adjustments, with a weighted average rate of 6.43% at June 30, 2026, compared to $8.7 million, net of fair value adjustments, with a weighted average rate of 6.56% at December 31, 2025. The decrease in the amount of debentures reflects the Company’s redemption of one junior subordinated debenture during the first quarter of 2026, which included $222,000 of accelerated amortization of previously deferred debt issuance costs. The junior subordinated deferrable interest debentures mature in 2034, subject to earlier redemption by the Company at its option. Subordinated debt – On August 10, 2020, the Company issued and sold $65.0 million aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”) at a public offering price equal to 100% of the aggregate principal amount of the Notes. During the third quarter of 2025, the Company redeemed all the outstanding Notes. Consequently, at both June 30, 2026 and December 31, 2025, the Company had no outstanding Notes.

BORROWINGS

6 Months Ended

Jun. 30, 2026

NOTE 11 – BORROWINGS

Other borrowings – The Bank has an approved secured borrowing facility with the Federal Home Loan Bank of San Francisco (the “FHLB”) for up to 25% of total assets for a term not to exceed five years under a blanket lien of certain types of loans. At June 30, 2026 and December 31, 2025, the Bank had the ability to borrow up to $531.0 million and $580.7 million, respectively, from the FHLB of San Francisco. At June 30, 2026, the Bank had $25.0 million of overnight advances outstanding from the FHLB of San Francisco, compared to no FHLB borrowings outstanding at December 31, 2025.

The Bank has been approved for discount window advances from the FRB of San Francisco secured by certain types of loans. At June 30, 2026 and December 31, 2025, the Bank had the ability to borrow up to $42.8 million and $49.3 million, respectively, from the FRB of San Francisco. At both June 30, 2026 and December 31, 2025, the Bank had no FRB of San Francisco advances outstanding.

The Bank has Federal Funds lines with four correspondent banks. Cumulative available commitments totaled $65.0 million at both June 30, 2026 and December 31, 2025. There were no amounts outstanding under these facilities at both June 30, 2026 and December 31, 2025.

Junior subordinated deferrable interest debentures – In connection with its previous acquisitions, the Company assumed junior subordinated deferrable interest debentures, totaling $5.9 million, net of fair value adjustments, with a weighted average rate of 6.43% at June 30, 2026, compared to $8.7 million, net of fair value adjustments, with a weighted average rate of 6.56% at December 31, 2025. The decrease in the amount of debentures reflects the Company’s redemption of one junior subordinated debenture during the first quarter of 2026, which included $222,000 of accelerated amortization of previously deferred debt issuance costs. The junior subordinated deferrable interest debentures mature in 2034, subject to earlier redemption by the Company at its option.

Subordinated debt – On August 10, 2020, the Company issued and sold $65.0 million aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”) at a public offering price equal to 100% of the aggregate principal amount of the Notes. During the third quarter of 2025, the Company redeemed all the outstanding Notes. Consequently, at both June 30, 2026 and December 31, 2025, the Company had no outstanding Notes.