pcbinvestordeck4q25a 
Earnings Results 4Q25 January 29, 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 impact of governmental monetary policy; 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 01/27/26 Market Cap $313.8 million Stock Price Per Share $22.06 52-Week Range $16.00 - $24.04 Dividend Yield 3.99% Dividend Payout Ratio (1Q25 – 4Q25) 32.10% Outstanding Shares 14,225,707 Stock Information 4Q25 or 12/31/25 Diluted Earnings Per Share (“Diluted EPS”) $0.64 Cash Dividend Per Share $0.20 Book Value (“BV”) Per Share $27.41 Tangible Common Equity (“TCE”) Per Share (1) $22.55 Number of Repurchased Shares (2) 102,484 (1) Not presented in accordance with GAAP. See “Non-GAAP Measures” for reconciliation of this measure to its most comparable GAAP measure. (2) As of 12/31/25, the Company is authorized to purchase an additional 219,526 shares under the current stock repurchase program. PCB Footprint Corporate Profile 3
Historical Performance $1.73 $2.05 $2.32 $2.63 $2.82 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2021 2022 2023 2024 2025 Held-For-Investment Loans ($bn) $1.87 $2.05 $2.35 $2.62 $2.80 0.000 0.500 1.000 1.500 2.000 2.500 3.000 2021 2022 2023 2024 2025 Deposits ($bn) $40.1 $35.0 $30.7 $25.8 $37.5 $52.4 $53.0 $43.1 $39.7 $56.5 0.000 10.000 20.000 30.000 40.000 50.000 60.000 2021 2022 2023 2024 2025 Net Income/PTPP Income ($mm) Net Income PTPP Income CAGR +13.0% CAGR +10.6% $0.44 $0.60 $0.69 $0.72 $0.80$2.62 $2.31 $2.12 $1.74 $2.58 $17.24 $22.94 $24.46 $25.30 $27.41 $18.21 $19.62 $20.49 $22.55 -$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 2021 2022 2023 2024 2025 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
4Q25 Highlights Operating Results • Net income available to common shareholders of $9.1 million, or $0.64 per diluted share • Provision for credit losses of $1.0 million • Return on Average Assets (“ROAA”) of 1.11%, Return on Average TCE (“ROATCE”)(1) of 11.40%, net interest margin of 3.28%, and efficiency ratio(1) of 51.51% Loans • Loans held-for-investment (“HFI loans”) increased $67.9 million, or 2.5%, to $2.82 billion from 9/30/25 • Average loan yield was 6.44% compared to 6.58% for 3Q25 • Total loans to deposits ratio was 101.33% • Quarterly loan production was $158.8 million for 4Q25 compared to $136.7 million for 3Q25 Asset Quality • ACL on loans was $33.0 million, or 1.18% to HFI loans • Past due loans were $955 thousand, or 0.03% of HFI loans and NPLs were $7.9 million, or 0.28% of HFI loans Deposits • Total deposits decreased $118.1 million, or 4.1%, to $2.80 billion from 9/30/25 • Core deposits(1) were $1.81 billion, or 64.6% of total deposits • Noninterest-bearing deposits were $555.6 million, or 19.9% of total deposits • Uninsured deposits were $1.27 billion, or 45.4% of total deposits • Cost of average interest-bearing deposits and total deposits were 3.98% and 3.23%, respectively Capital & Liquidity • Declared and paid quarterly cash dividend of $0.20 per share • TCE per share(2) was $22.55 • Maintained available borrowing capacity of $1.75 billion, or 53.2% of total assets (1) Calculated by dividing noninterest expense by the sum of net interest income and noninterest income. (2) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for a reconciliation to most comparable GAAP measure. 5
Selected Financial As of or For the Three Months Ended Compared to 9/30/25 Compared to 12/31/24 ($ in Thousands, Except Per Share Data) 12/31/25 9/30/25 12/31/24 Amount Percentage Amount Percentage Income Statement Summary: Interest Income $ 49,865 $ 51,471 $ 46,319 $ (1,606) -3.1% $ 3,546 7.7% Interest Expense 23,238 24,493 23,155 (1,255) -5.1% 83 0.4% Net Interest Income 26,627 26,978 23,164 (351) -1.3% 3,463 14.9% Noninterest Income 2,545 3,414 3,043 (869) -25.5% (498) -16.4% Noninterest Expense 15,026 14,869 13,894 157 1.1% 1,132 8.1% Provision for Credit Losses 1,024 (381) 2,002 1,405 -368.8% (978) -48.9% Pretax Income 13,122 15,904 10,311 (2,782) -17.5% 2,811 27.3% Income Tax Expense 3,887 4,492 3,281 (605) -13.5% 606 18.5% Net Income 9,235 11,412 7,030 (2,177) -19.1% 2,205 31.4% Preferred Stock Dividends 87 86 346 1 1.2% (259) -74.9% Net Income Available to Common Shareholders 9,148 11,326 6,684 (2,178) -19.2% 2,464 36.9% Diluted EPS $ 0.64 $ 0.78 $ 0.46 $ (0.14) -17.9% $ 0.18 39.1% Selected Balance Sheet Items: HFI loans $ 2,820,400 $ 2,752,514 $ 2,629,387 $ 67,886 2.5% $ 191,013 7.3% HFS loans 12,077 9,634 6,292 2,443 25.4% 5,785 91.9% Total Deposits 2,795,412 2,913,502 2,615,791 (118,090) -4.1% 179,621 6.9% Total Assets 3,280,610 3,363,506 3,063,971 (82,896) -2.5% 216,639 7.1% Shareholders’ Equity 390,026 384,501 363,814 5,525 1.4% 26,212 7.2% TCE (1), (2) 320,885 315,360 294,673 5,525 1.8% 26,212 8.9% Key Metrics: BV Per Share $ 27.41 $ 26.93 $ 25.30 $ 0.48 1.8% $ 2.11 8.3% TCE Per Share (1) $ 22.55 $ 22.09 $ 20.49 $ 0.46 2.1% $ 2.06 10.1% ROAA (2) 1.11% 1.35% 0.94% -0.24% 0.17% Return on Average Equity (“ROAE”) (2) 9.45% 11.92% 7.69% -2.47% 1.76% ROATCE (1), (2) 11.40% 14.46% 9.02% -3.06% 2.38% Net Interest Margin (2) 3.28% 3.28% 3.18% 0.00% 0.10% Efficiency Ratio (3) 51.51% 48.92% 53.02% 2.59% -1.51% (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
$1,614 $1,631 $1,661 $1,752 $1,815 $1,886 $1,878 $1,904 $372 $417 $407 $473 $495 $493 $465 $509$412 $401 $398 $404 $418 $416 $410 $408$2,398 $2,449 $2,466 $2,629 $2,728 $2,795 $2,753 $2,820 0 500 1,000 1,500 2,000 2,500 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 HFI Loan Trend ($mm) Commercial Real Estate Commercial & Industrial Consumer 7 Loan Overview YoY +7.3% (1) Per regulatory definition in the Commercial Real Estate (“CRE”) Concentration Guidance. $1,103 $1,081 $1,100 $1,175 $1,220 $1,274 $1,264 $1,285 289% 281% 282% 297% 304% 313% 306% 308% 0% 50% 100% 150% 200% 250% 300% 300.0 400.0 500.0 600.0 700.0 800.0 900.0 1,000.0 1,100.0 1,200.0 1,300.0 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Commercial Real Estate(1) Loan Trend ($mm) CRE Loans % to the Bank's Total Risk-Based Capital Commercial Property 38% Business Property 23% Multifamily 6% Construction 1% Commercial & Industrial 18% Consumer 14% HFI Loan Composition December 31, 2025 $2.82B 4Q25 Highlights • HFI loans increased $67.9 million, or 2.5%, to $2.82 billion in 4Q25 • CRE loans increased $26.0 million (1.4%), C&I loans increased $43.2 million (9.3%) but consumer loans decreased $1.4 million (0.3%)
8 Loan Production & Rate/Yield Analysis (1) Total commitment basis. (2) Include both HFI and HFS loans. (3) Annualized. $11 $0 $9 $28 $44 $5 $23 $24 $7 $30 $80 $62 $55 $41 $48 $119 $66 $163 $122 $72 $50 $91 $91 $154 $73 $195 $211 $161 $149 $137 $161 8.40% 8.78% 7.56% 7.23% 7.04% 6.97% 7.36% 6.50% -8% -6% -4% -2% 0% 2% 4% 6% 8% 0 50 100 150 200 250 300 350 400 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 New Production(1) by Rate Type ($mm) Fixed Hybrid Variable WA Rate Fixed (WA Rate: 5.60%) 17% Variable (WA Rate: 6.93%) 43% Hybrid (WA Rate: 5.57%) 40% HFI Loans Interest Rate Mix 20% 19% 18% 18% 18% 18% 18% 18% 39% 37% 38% 37% 38% 38% 40% 40% 41% 44% 44% 45% 44% 44% 42% 43% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 HFI Loans Interest Rate Mix Trend Fixed Hybrid Variable December 31, 2025 HFI Loans WA Rate 6.16% Repricing Schedule (12/31/25) HFI Loans HFS Loans Total Loans ($ in thousands) Carrying Value WA Rate Carrying Value WA Rate Carrying Value WA Rate Less Than 3 Months $ 1,113,635 6.93% $ 12,077 8.47% $ 1,125,712 6.94% 3 to 12 Months 393,149 4.70% 0 393,149 4.70% 1 to 3 Years 580,827 5.52% 0 580,827 5.52% 3 to 5 Years 682,154 6.34% 0 682,154 6.34% More than 5 Years 50,635 5.35% 0 50,635 5.35% Total $ 2,820,400 6.16% $ 12,077 8.47% $ 2,832,477 6.17% Loan Yield Analysis 4Q25 2025 ($ in thousands) Amount(2) Yield(3) Amount(2) Yield(3) Average Carrying Value $ 2,810,897 $ 2,757,090 Interest on Loans $ 44,647 6.30% $ 176,186 6.39% Fee (Cost) 224 0.03% 1,142 0.04% Prepayment Penalty & Late Charges 31 0.01% 226 0.01% Discount (Premium) 746 0.10% 2,791 0.10% Total Interest & Fees $ 45,648 6.44% $ 180,345 6.54%
Carrying Value % to Total Count WA LTV(1) WA Rate Maturing ($ in thousands) 1 Year 1-3 Years 3-5 Years 5 Years Retail (More Than 50%) $ 394,800 20.6% 332 47.6% 5.92% $ 44,056 $ 69,077 $ 162,407 $ 119,260 Industrial 285,383 15.0% 164 48.1% 5.75% 42,919 61,676 97,479 83,309 Mixed Use 204,722 10.8% 150 44.7% 6.00% 34,369 57,140 51,039 62,174 Apartments 156,482 8.2% 66 53.5% 5.30% 11,101 47,874 62,592 34,915 Motel & Hotel 152,321 8.0% 99 45.7% 6.90% 5,096 47,702 39,278 60,245 Office 150,662 7.9% 65 52.4% 6.25% 28,490 20,828 59,817 41,527 Gas Station 122,681 6.4% 126 46.0% 6.85% 10,071 16,159 31,877 64,574 Medical 62,086 3.3% 31 44.0% 6.68% 17,407 24,671 9,524 10,484 Golf Course 47,331 2.5% 8 37.3% 5.50% 1,375 8,866 36,642 448 Commercial Condominium 45,238 2.4% 44 49.4% 6.07% 9,250 5,723 23,895 6,370 Auto (Sales, Repair, & etc.) 39,055 2.1% 32 50.3% 5.43% 668 20,250 11,880 6,257 Car Wash 36,671 1.9% 27 48.1% 6.33% 8,201 2,866 14,008 11,596 Spa, Sauna, & Oher Self-Care 33,386 1.8% 8 49.3% 6.18% 0 8,026 17,622 7,738 Nursing Facility 26,009 1.4% 8 49.9% 6.31% 0 18,644 0 7,365 Wholesale 23,491 1.2% 15 38.2% 5.55% 2,190 3,654 13,406 4,241 Church 18,654 1.0% 18 36.6% 6.42% 1,661 399 7,477 9,117 Others 104,627 5.5% 75 52.7% 6.69% 27,077 11,246 20,364 45,940 Total $ 1,903,599 100.0% 1,268 47.8% 6.08% $ 243,931 $ 424,801 $ 659,307 $ 575,560 Loan Concentration (1) Collateral value at origination. Los Angeles County 61% Orange County 9% Riverside County 4% San Bernardino County 4% Northern CA Counties 1% Other CA Counties 1% NY/NJ 7% Texas 6% Washington 3% Other States 4% Commercial Real Estate Loans Geographic Concentration (12/31/25) $1.90B CA: $1.51B (79%) Commercial Real Estate Loans by Property Type (12/31/25) ($ in thousands) Carrying Value WA LTV(1) WA FICO Residential Mortgage $ 401,337 58.0% 761 Residential Mortgage Loans (12/31/25) 9
Loan Concentration Carrying Value % to Total WA Rate WA Month to Maturity($ in thousands) Finance & Insurance $ 160,678 31.6% 6.27% 7 General Manufacturing & Wholesale Trade 113,679 22.3% 6.61% 42 Retail Trade 60,111 11.8% 7.02% 33 Food Services 45,113 8.9% 7.64% 45 Real Estate Related 41,802 8.2% 6.62% 20 Arts, Entertainment, & Recreation 26,174 5.1% 7.32% 5 Professional, Scientific, & Technical Services 15,740 3.1% 7.03% 19 Construction 11,632 2.3% 7.02% 26 Transportation & Warehousing 9,582 1.9% 7.53% 27 Other Services 8,532 1.7% 7.38% 26 All Other 15,619 3.1% 7.13% 193 Total $ 508,662 100.0% 6.75% 29 Los Angeles County 44% Orange County 12% Other CA Counties 8% Northern CA Counties 7% San Bernardino County 2% Riverside County 0% NY/NJ 7% Georgia 7% Texas 4% Other States 9% Commercial & Industrial Loans Geographic Concentration (12/31/25) Commercial & Industrial Loans by Industry Type (12/31/25) $509MM CA: $373MM (73%) 10
Credit Quality & Peer(1) Comparison $4.9 $7.5 $7.1 $4.7 $6.2 $8.9 $8.2 $7.9 0 1 2 3 4 5 6 7 8 9 10 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Non-Performing Assets (“NPAs”) ($mm) 0.17% 0.26% 0.24% 0.15% 0.20% 0.27% 0.24% 0.24% 0% 0% 0% 0% 0% 0% 0% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 NPAs to Total Assets 1.18% 1.17% 1.17% 1.16% 1.17% 1.20% 1.20% 1.18% 1% 1% 1% 1% 1% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 ACL on Loans to HFI Loans 574% 383% 437% 653% 511% 376% 404% 422% 0 1 2 3 4 5 6 7 8 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-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 1.78% 1.76% 1.43% 0.95% 0.73% 0.46% 0.33% 0.28% 0.28% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% CBB USM Open Hope Peer Shinhan Hanmi Woori PCB NPAs / (Total Loans + OREO)(2) December 31, 2025 Peer Information: September 30, 2025 1.62% 1.30% 0.77% 0.39% 0.28% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% CBB Hope Open Hanmi PCB Classified Assets to Total Assets(4) December 31, 2025 Peer Information: September 30, 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. $538 $544 $540 $548 $564 $576 $551 $566 $484 $484 $492 $467 $513 $551 $669 $676 $1,021 $1,036 $1,073 $1,099 $1,185 $1,205 $1,252 $1,223 $360 $343 $355 $502 $452 $491 $441 $341$2,403 $2,407 $2,460 $2,616 $2,714 $2,823 $2,914 $2,795 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Deposit Trend ($mm) Noninterest DDA Retail Other Interest-Bearing Retail Time Deposits Wholesale Deposits Noninterest DDA 20% Retail Other Interest-Bearing 24% Retail Time Deposits 44% Wholesale Deposits 12% Deposit Composition $2.81B $1,494 $1,503 $1,525 $1,508 $1,610 $1,683 $1,801 $1,806 62% 63% 62% 58% 59% 60% 62% 65% 0% 10% 20% 30% 40% 50% 60% 70% 80% $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Core Deposits(1) ($mm) Core Deposits % to Total Deposits Time Deposit Maturity Schedule (12/31/25) Retail Wholesale Total ($ in thousands) Amount WA Rate Amount WA Rate Amount WA Rate Less Than 3 Months $ 442,933 4.28% $ 110,000 4.13% $ 552,933 4.25% 3 to 6 Months 293,514 4.08% 170,540 4.05% 464,054 4.07% 6 to 9 Months 221,920 4.21% 0 221,920 4.21% 9 to 12 Months 260,369 3.81% 60,000 3.76% 320,369 3.80% More than 12 Months 4,416 3.41% 0 4,416 3.41% Total $ 1,223,152 4.12% $ 340,540 4.02% $ 1,563,692 4.10% YoY +6.9% 4Q25 Highlights • Total deposits decreased $118.1 million (4.1%) from 9/30/25 • Retail deposits decreased $17.6 million (0.7%), and wholesale deposits decreased $100.5 million (22.8%) from 9/30/25 • Uninsured deposits were $1.27 billion (45.4% of total deposits) at 12/31/25 compared to $1.28 billion (43.8% of total deposits) at 9/30/25 December 31, 2025 12
Profitability (1) Not presented in accordance with GAAP. See “Non-GAAP Financial Measures” for reconciliations of these measures to its most comparable GAAP measures. $4.7 $6.3 $7.8 $7.0 $7.7 $9.1 $11.4 $9.2 $7.6 $9.0 $10.7 $12.3 $12.4 $14.5 $15.5 $14.1 0 2 4 6 8 10 12 14 16 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Income PTPP Net Income & PTPP(1) Income ($mm) $0.33 $0.43 $0.52 $0.46 $0.53 $0.62 $0.78 $0.64 $0.53 $0.62 $0.72 $0.83 $0.85 $1.00 $1.07 $0.98 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Diluted EPS Adjusted Diluted EPS Diluted EPS & Adjusted Diluted EPS(1) 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.35% 1.11% 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 1.84% 1.70% 0% 0% 0% 1% 1% 1% 1% 1% 2% 2% 2% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 ROAA Adjusted ROAA ROAA & Adjusted ROAA(1) 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 16.21% 14.48% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 ROAE Adjusted ROAE ROAE & Adjusted ROAE(1) 4Q25 Highlights • Net interest income decreased $1.6 million, noninterest income decreased $869 thousand, and noninterest expense increased $157 thousand compared to 3Q25 13
Noninterest Income & Expense $20.8 $13.6 $13.5 $24.5 $16.6 $26.9 $29.0 $13.2 $25.1 $12.7 $19.8 $39.3 $26.4 $31.0 $38.8 $18.1 6.0% 7.8% 8.8% 7.8% 7.3% 6.5% 6.4% 5.8% 3.9% 5.6% 5.6% 4.7% 5.3% 5.4% 5.6% 4.9% -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% 0 10 20 30 40 50 60 4Q23 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 SBA 7(A) Loans ($mm) Sold Production Premium % Gain % $9.2 $9.2 $8.8 $8.4 $9.1 $8.8 $9.3 $9.3 $7.2 $6.0 $5.8 $5.5 $5.4 $6.0 $5.6 $5.7 2.33% 2.13% 2.04% 1.86% 1.87% 1.84% 1.77% 1.82% 0% 1% 1% 2% 2% 3% 0 2 4 6 8 10 12 14 16 18 20 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest Expense Trend ($mm) Compensation All Other Expenses % to Average Total Assets 68.3% 62.7% 57.6% 53.0% 53.9% 50.6% 48.9% 51.5% 66.1% 65.3% 64.7% 64.4% 59.7% 58.5% 57.6% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Efficiency Ratio (2) PCB Peer Average 272 265 264 262 257 266 270 264 200 210 220 230 240 250 260 270 280 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-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 $1.8 $1.7 $1.8 $1.6 $1.9 $1.1 $0.8 $0.8 $1.2 $0.9 $1.5 $1.8 $0.6 37% 31% 29% 38% 34% 44% 47% 25% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 0 1 1 2 2 3 3 4 4 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest Income Trend ($mm) All Other Income Gain on Sale of Loans % of Gain on Sale of Loans 14
3.28% 3.28% -0.12% -0.03% +0.09% +0.06% 2.80% 2.90% 3.00% 3.10% 3.20% 3.30% 3.40% 3Q25 Loan Yield Other Earning Assets Yield Int-Bearing Liabilities Cost Balance Sheet Mix 4Q25 Quarter-over-Quarter Impact to Net Interest Margin(1) Net Interest Margin (1) Annualized. 6.66% 6.77% 6.82% 6.63% 6.59% 6.56% 6.58% 6.44% 3.10% 3.16% 3.25% 3.18% 3.28% 3.33% 3.28% 3.28% 4.85% 4.86% 4.85% 4.59% 4.28% 4.14% 4.10% 3.98% 3.76% 3.81% 3.79% 3.61% 3.45% 3.35% 3.34% 3.23% 5.33% 5.33% 5.26% 4.65% 4.33% 4.33% 4.29% 3.90% 2% 3% 4% 5% 6% 7% 8% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Yield & Cost(1) Loan Yield Net Interest Margin Cost of Interest-Bearing Liabilities Cost of Funds Average Fed Funds Rate 4Q25 Highlights • Net interest income decreased $351 thousand to $26.7 million for 4Q25 from $27.0 million for 3Q25. • Net interest margin stayed constant at 3.28% for 4Q25 compared to 3Q25. The decreases in average yield on loan and other earning asset average yield were offset by a decrease in interest- bearing liabilities cost were offset by a decrease in average cost of interest-bearing liabilities and improved balance sheet mix. 15
Capital 11.89% 11.46% 13.89% 15.13% 11.55% 13.49% 13.49% 14.72% 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 $24.54 $24.80 $25.39 $25.30 $25.78 $26.26 $26.93 27.41 $19.69 $19.95 $20.55 $20.49 $20.97 $21.44 $22.09 22.55 $12 $14 $16 $18 $20 $22 $24 $26 $28 $30 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Book Value/TCE Per Share(1) BV Per Share TCE Per Share December 31, 2025 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 11.43% 11.89% 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 9.38% 9.78% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-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 is a non-GAAP measure that we use to measure the portion of our total deposits that is 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 $250,000 and brokered deposits. We track core deposits because we believe it is a useful measure to help assess the Company’s deposit base and, among other things, potential volatility therein. TCE, ROATCE, TCE Per Share and TCE to Total Assets TCE, ROATCE, TCE per share and TCE to total assets are non-GAAP measures that we use to measure the Company’s performance. We calculated TCE as total shareholders’ equity excluding preferred stock. Management believes the non-GAAP measures provide useful supplemental information and a clearer understanding of the Company’s performance. PTPP Income, and Adjusted ROAA, ROAE and Diluted EPS for PTPP PTPP income, and adjusted ROAA, ROAE and Diluted EPS are non-GAAP measures that we use to measure the Company’s performance and believe these presentations provide useful supplemental information and a clearer understanding of the Company’s performance. We calculated PTPP income as net income excluding income tax provision and provision for loan losses. 17
Non-GAAP Financial Measures The following table reconciles core deposits to its most comparable GAAP measure: ($ in thousands) Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Total Deposits (d) $ 2,402,840 $ 2,406,254 $ 2,459,682 $ 2,615,791 $ 2,714,399 $ 2,822,915 $ 2,913,502 $ 2,795,412 Less: Time Deposits Greater Than $250K (609,550) (619,832) (640,166) (665,124) (712,458) (709,160) (731,517) (708,633) Less: Brokered Deposits (299,776) (283,033) (295,080) (442,284) (392,284) (431,001) (381,001) (280,541) Core Deposits (e) $ 1,493,514 $ 1,503,389 $ 1,524,436 $ 1,508,383 $ 1,609,657 $ 1,682,754 $ 1,800,984 $ 1,806,238 Core Deposits to Total Deposits (e)/(d) 62.2% 62.5% 62.0% 57.7% 59.3% 59.6% 61.8% 64.6% The following table reconciles ROATCE to its most comparable GAAP measure: ($ in thousands) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Average Total Shareholders' Equity (a) $ 349,644 $ 351,221 $ 357,376 $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 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) $ 280,503 $ 282,080 $ 288,235 $ 294,687 $ 298,569 $ 303,488 $ 310,693 $ 318,399 Net Income (c) $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,234 ROAE (1) (c)/(a) 5.32% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% Net Income Available to Common Shareholders (d) $ 4,685 $ 6,139 $ 7,468 $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 ROATCE (Non-GAAP)(1) (d)/(b) 6.63% 8.75% 10.31% 9.02% 10.45% 11.87% 14.46% 11.40% The following table reconciles TCE per share and TCE to total assets to their most comparable GAAP measures: ($ in thousands, except per share data) Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Total Shareholders' Equity (a) $ 350,005 $ 353,469 $ 362,300 $ 363,814 $ 370,864 $ 376,500 $ 384,501 $ 392,026 Less: Preferred Stock 69,141 69,141 69,141 69,141 69,141 69,141 69,141 69,141 TCE (Non-GAAP) (b) $ 280,864 $ 284,328 $ 293,159 $ 294,673 $ 301,723 $ 307,359 $ 315,360 $ 320,885 Outstanding Shares (c) 14,263,791 14,254,024 14,266,725 14,380,651 14,387,176 14,336,602 14,277,164 14,230,428 Book Value Per Share (a)/(c) $ 24.54 $ 24.80 $ 25.39 $ 25.30 $ 25.78 $ 26,26 $ 26.93 $ 27.41 TCE Per Share (Non-GAAP) (b)/(c) $ 19.69 $ 19.95 $ 20.55 $ 20.49 $ 20.97 $ 21,44 $ 22.09 $ 22.55 Total Assets (d) $ 2,854,292 $ 2,852,964 $ 2,889,833 $ 3,063,971 $ 3,183,758 $ 3,305,589 $ 3,363,506 $ 3,281,771 Total Shareholders’ Equity to Total Assets (a)/(d) 12.26% 12.39% 12.54% 11.87% 11.65% 11.39% 11.43% 11.88% TCE to Total Assets (Non-GAAP) (b)/(d) 9.84% 9.97% 10.14% 9.62% 9.48% 9.30% 9.38% 9.78% (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) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Income (a) $ 4,685 $ 6,281 $ 7,814 $ 7,030 $ 7,735 $ 9,071 $ 11,412 $ 9,235 Add: Provision (Reversal) for Credit Losses 1,090 259 50 2,002 1,598 1,787 (381) 1,024 Add: Income Tax Provision 1,817 2,505 2,873 3,281 3,056 3,600 4,492 3,887 PTPP Income (Non-GAAP) (b) $ 7,592 $ 9,045 $ 10,737 $ 12,313 $ 12,389 $ 14,458 $ 15,523 $ 14,146 Average Total Assets (c) $ 2,809,808 $ 2,853,152 $ 2,866,707 $ 2,980,641 $ 3,097,516 $ 3,226,395 $ 3,354,588 $ 3,307,828 ROAA (2) (a)/(c) 0.67% 0.89% 1.08% 0.94% 1.01% 1.13% 1.35% 1.11% Adjusted ROAA (Non-GAAP)(2) (b)/(c) 1.09% 1.28% 1.49% 1.64% 1.62% 1.80% 1.84% 1.70% Average Total Shareholders' Equity (d) $ 349,644 $ 351,221 $ 357,376 $ 363,828 $ 367,710 $ 372,629 $ 379,834 $ 387,540 ROAE (2) (a)/(d) 5.39% 7.19% 8.70% 7.69% 8.53% 9.76% 11.92% 9.45% Adjusted ROAE (Non-GAAP)(2) (b)/(d) 8.73% 10.36% 11.95% 13.46% 13.66% 15.56% 16.21% 14.48% Net Income available to common shareholders $ 4,685 $ 6,139 $ 7,468 $ 6,684 $ 7,695 $ 8,984 $ 11,326 $ 9,148 Less: Income Allocated to Participating Securities (9) (11) (11) (16) (61) (72) (91) (73) Net Income Allocated to Common Stock (e) 4,676 6,128 7,457 6,668 7,634 8,912 11,235 9,075 Add: Provision for Loan Losses 1,090 259 50 2,002 1,598 1,787 (381) 1,024 Add: Income Tax Provision 1,817 2,505 2,873 3,281 3,056 3,600 4,492 3,887 PTPP Income Allocated to Common Stock (f) $ 7,583 $ 8,892 $ 10,380 $ 11,951 $ 12,288 $ 14,299 $ 15,346 $ 13,986 WA common shares outstanding, diluted (g) 14,330,204 14,312,949 14,356,384 14,406,756 14,403,769 14,326,011 14,325,956 14,235,867 Diluted EPS (e)/(g) $ 0.33 $ 0.43 $ 0.52 $ 0.46 $ 0.53 $ 0.62 $ 0.78 $ 0.64 Adjusted Diluted EPS (Non-GAAP) (f)/(g) $ 0.53 $ 0.62 $ 0.72 $ 0.83 $ 0.85 $ 1.00 $ 1.07 $ 0.98 19 ($ in thousands) 2020 2021 2022 2023 2024 2025 Net Income $ 16,175 $ 40,103 $ 34,987 $ 30,705 $ 25,810 $ 37,453 Add: Provision (Reversal) for Credit Losses(1) 13,219 (4,596) 3,602 (132) 3,401 4,028 Add: Income Tax Provision 6,836 16,856 14,416 12,557 10,476 15,035 PTPP Income (Non-GAAP) $ 36,230 $ 52,363 $ 53,005 $ 43,130 $ 39,687 $ 56,516