# EDGAR Filing Document

**Accession Number:** 0001423869
**File Stem:** 0001423869-25-000040
**Filing Date:** 2025-7
**Character Count:** 114210
**Document Hash:** 7868ad49693b0ab869bdad5cfd3672a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001423869-25-000040.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001423869-25-000040

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 39

**CONFORMED PERIOD OF REPORT**: 20250723

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PCB BANCORP
- **CENTRAL INDEX KEY:** 0001423869
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 208856755
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38621
- **FILM NUMBER:** 251147594

**BUSINESS ADDRESS:**
- **STREET 1:** 3701 WILSHIRE BLVD
- **STREET 2:** SUITE 900
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90010
- **BUSINESS PHONE:** 213-210-2000

**MAIL ADDRESS:**
- **STREET 1:** 3701 WILSHIRE BLVD
- **STREET 2:** SUITE 900
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PACIFIC CITY FINANCIAL CORP
- **DATE OF NAME CHANGE:** 20080114

?xml version='1.0' encoding='ASCII'? pcb-20250723

    

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d)**

**of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event Reported): July 23, 2025** 

**PCB BANCORP**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **California**<br>**(State or other jurisdiction of** <br>**incorporation)** | **001-38621**<br>**(Commission**<br>**File Number)** | **20-8856755**<br>**(I.R.S. Employer** <br>**Identification No.)** |
| **3701 Wilshire Boulevard, Suite 900**<br>**Los Angeles, California**<br>**(Address of principal offices)** | | **90010**<br>**(Zip Code)** |

---

**Registrant's telephone number, including area code: (213) 210-2000** 

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>Common stock, no par value</u> <u>PCB</u> <u>Nasdaq Global Select Market</u>

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02 Results of Operations and Financial Condition.**

On July 24, 2025, PCB Bancorp, a California corporation (the "Company"), issued a press release concerning its unaudited results for the second quarter of 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

The information in this report set forth under this Item 2.02 and in Exhibit 99.1 shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly stated by specific reference in such filing.

**Item 7.01 Regulation FD Disclosure.**

Attached as Exhibit 99.2, and incorporated herein by reference, is a copy of an investor presentation that may be utilized by management at future discussions with investors. The information in this report set forth under this Item 7.01 and in Exhibit 99.2 shall not be treated as "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except expressly stated by specific reference in such filing.

**Item 8.01 Other Events.**

*Common Stock Dividend*

On July 24, 2025, the Company issued a press release announcing that on July 23, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 15, 2025, to shareholders of record as of the close of business on August 8, 2025. A copy of the press release is attached as Exhibit 99.3 to this Current Report and is incorporated herein by reference.

*Extension of Stock Repurchase Program*

On July 24, 2025, the Company issued a press release announcing that on July 23, 2025, its Board of Directors extended the term of the Company's stock repurchase program for an additional year, to expire on July 31, 2026. The stock repurchase program, which was first adopted on August 2, 2023, authorizes the repurchase of up to 720,000 shares of the Company's outstanding common stock and, as previously extended, was scheduled to expire on August 1, 2025.

As of July 23, 2025, the Company has repurchased and retired 291,527 shares of its common stock, leaving an aggregate of 428,473 shares authorized for repurchase under the stock repurchase program.

Under the stock repurchase program, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at the Company's discretion. Factors include, but are not limited to, stock price, trading volume and general market conditions, along with the Company's general business conditions. The program may be suspended or discontinued at any time and does not obligate the company to acquire any specific number of shares of its common stock.

As part of the stock repurchase program, the Company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The 10b5-1 trading plan would permit common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 trading plan will be administered by an independent broker and will be subject to price, market volume and timing restrictions.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

99.1&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release of PCB Bancorp, issued](pcbpr20250724earnings.htm)[July](pcbpr20250724earnings.htm)[24, 2025, concerning the results of operations and financial condition for the](pcbpr20250724earnings.htm)[second](pcbpr20250724earnings.htm)[quarter of 2025](pcbpr20250724earnings.htm)</u>

99.2&nbsp;&nbsp;&nbsp;&nbsp;<u>[Investor presentation of PCB Bancorp concerning the unaudited results for the](pcbinvestordeck2q25.htm)[second](pcbinvestordeck2q25.htm)[quarter of 2025](pcbinvestordeck2q25.htm)</u>

99.3&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release of PCB Bancorp, issued](pcbpr20250724dividend.htm)[Jul](pcbpr20250724dividend.htm)[y](pcbpr20250724dividend.htm)[24, 2025, announcing the declaration of a quarterly cash dividend](pcbpr20250724dividend.htm)</u>

99.4&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release of PCB Bancorp, issued July 24, 2025, announcing the second amend](pcbpr20250724buybackextens.htm)[ment to the stock repurchase p](pcbpr20250724buybackextens.htm)[rogram](pcbpr20250724buybackextens.htm)</u>

104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document)

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | | **PCB Bancorp** |
| Date: | July 24, 2025 | /s/ Timothy Chang |
| | | Timothy Chang |
| | | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![pcbbancorpa.jpg](pcbbancorpa.jpg)

**PCB Bancorp Reports Earnings for Q2 2025** 

Los Angeles, California - July 24, 2025 - PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $9.0 million, or $0.62 per diluted common share, for the second quarter of 2025, compared with $7.7 million, or $0.53 per diluted common share, for the previous quarter and $6.1 million, or $0.43 per diluted common share, for the year-ago quarter.

**Q2 2025 Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Net income available to common shareholders totaled $9.0 million, or $0.62 per diluted common share, for the current quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Provision for credit losses was $1.8 million for the current quarter compared with $1.6 million for the previous quarter and $259 thousand for the year-ago quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Allowance for Credit Losses ("ACL") on loans to loans held-for-investment ratio was 1.20% at June 30, 2025 compared with 1.17% at March 31, 2025, 1.16% at December 31, 2024, and 1.17% at June 30, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income was $26.0 million for the current quarter compared with $24.3 million for the previous quarter and $21.7 million for the year-ago quarter. Net interest margin was 3.33% for the current quarter compared with 3.28% for the previous quarter and 3.16% for the year-ago quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gain on sale of loans was $1.5 million for the current quarter compared with $887 thousand for the previous quarter and $763 thousand for the year-ago quarter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***•*** Total assets were $3.31 billion at June 30, 2025, an increase of $121.8 million, or 3.8%, from $3.18 billion at March 31, 2025, an increase of $241.6 million, or 7.9%, from $3.06 billion at December 31, 2024, and an increase of $452.6 million, or 15.9%, from $2.85 billion at June 30, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans held-for-investment were $2.80 billion at June 30, 2025, an increase of $67.7 million, or 2.5%, from $2.73 billion at March 31, 2025, an increase of $165.9 million, or 6.3%, from $2.63 billion at December 31, 2024, and an increase of $346.2 million, or 14.1%, from $2.45 billion at June 30, 2024;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits were $2.82 billion at June 30, 2025, an increase of $108.5 million, or 4.0%, from $2.71 billion at March 31, 2025, an increase of $207.1 million, or 7.9%, from $2.62 billion at December 31, 2024, and an increase of $416.7 million, or 17.3%, from $2.41 billion at June 30, 2024; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Opened a full-service branch in Suwanee, Georgia.

"We are pleased with our second quarter results highlighted by strong net income growth, continued healthy increases in loan and deposit balances, expansion in net interest margin, and the establishment of our first full-service branch in the state of Georgia as part of our long-term strategy," said Henry Kim, President and CEO. "Certain industries across our footprint are feeling the effects of persistent inflation and ongoing uncertainty surrounding tariffs and trade restrictions. Despite this backdrop, we continue to experience solid organic growth, strong credit metrics, solid reserve for loan losses, and robust capital level."

Mr. Kim continued, "Heading into the second half of 2025, we are encouraged by the positive momentum in our balance sheet growth, disciplined expense management, and results of our continued emphasis on relationship banking. We remain dedicated to operating under the best interest of our clients, communities, employees, and shareholders, while delivering consistent results through unpredictable economic cycles and changing competitive landscape."

------

**<u>Financial Highlights (Unaudited)</u>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands, except per share data)** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
| **($ in thousands, except per share data)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Net income | $9071 | $7735 | 17.3% | $6281 | 44.4% | $16806 | $10966 | 53.3% |
| Net income available to common shareholders | $8984 | $7695 | 16.8% | $6139 | 46.3% | $16679 | $10824 | 54.1% |
| Diluted earnings per common share ("EPS") | $0.62 | $0.53 | 17.0% | $0.43 | 44.2% | $1.15 | $0.75 | 53.3% |
| Net interest income | $25990 | $24283 | 7.0% | $21735 | 19.6% | $50273 | $42734 | 17.6% |
| Provision for credit losses | 1787 | 1598 | 11.8% | 259 | 590.0% | 3385 | 1349 | 150.9% |
| Noninterest income | 3297 | 2580 | 27.8% | 2485 | 32.7% | 5877 | 5430 | 8.2% |
| Noninterest expense | 14829 | 14474 | 2.5% | 15175 | (2.3)% | 29303 | 31527 | (7.1)% |
| Return on average assets ("ROAA") <sup>(1)</sup> | 1.13% | 1.01% |  | 0.89% |  | 1.07% | 0.78% |  |
| Return on average shareholders' equity ("ROAE") <sup>(1)</sup> | 9.76% | 8.53% |  | 7.19% |  | 9.16% | 6.29% |  |
| Return on average tangible common equity ("ROATCE") <sup>(1),(2)</sup> | 11.87% | 10.45% |  | 8.75% |  | 11.17% | 7.73% |  |
| Net interest margin <sup>(1)</sup> | 3.33% | 3.28% |  | 3.16% |  | 3.30% | 3.13% |  |
| Efficiency ratio <sup>(3)</sup> | 50.63% | 53.88% |  | 62.65% |  | 52.19% | 65.46% |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands, except per share data)** | **6/30/2025** | **3/31/2025** | **% Change** | **12/31/2024** | **% Change** | **6/30/2024** | **% Change** |
| Total assets | $3305589 | $3183758 | 3.8% | $3063971 | 7.9% | $2852964 | 15.9% |
| Net loans held-for-investment | 2761755 | 2695668 | 2.5% | 2598759 | 6.3% | 2420327 | 14.1% |
| Total deposits | 2822915 | 2714399 | 4.0% | 2615791 | 7.9% | 2406254 | 17.3% |
| Book value per common share <sup>(4)</sup> | $26.26 | $25.78 |  | $25.30 |  | $24.80 |  |
| TCE per common share <sup>(2)</sup> | $21.44 | $20.97 |  | $20.49 |  | $19.95 |  |
| Tier 1 leverage ratio (consolidated) | 11.81% | 12.14% |  | 12.45% |  | 12.66% |  |
| Total shareholders' equity to total assets | 11.39% | 11.65% |  | 11.87% |  | 12.39% |  |
| TCE to total assets <sup>(2), (5)</sup> | 9.30% | 9.48% |  | 9.62% |  | 9.97% |  |

---

*(1)Ratios are presented on an annualized basis.*

*(2)Non-GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure.*

*(3)Calculated by dividing noninterest expense by the sum of net interest income and noninterest income.*

*(4)Calculated by dividing total shareholders*' *equity by the number of outstanding common shares.*

*(5)The Company did not have any intangible asset component for the presented periods.*

------

**<u>Result of Operations (Unaudited)</u>**

**Net Interest Income and Net Interest Margin**

The following table presents the components of net interest income for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| **Interest income/expense on** | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | $45478 | $43026 | 5.7% | $40626 | 11.9% | $88504 | $79877 | 10.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 1462 | 1408 | 3.8% | 1310 | 11.6% | 2870 | 2556 | 12.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 2368 | 2458 | (3.7)% | 3009 | (21.3)% | 4826 | 6067 | (20.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 49308 | 46892 | 5.2% | 44945 | 9.7% | 96200 | 88500 | 8.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 22505 | 22564 | (0.3)% | 22536 | (0.1)% | 45069 | 44503 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 813 | 45 | 1706.7% | 674 | 20.6% | 858 | 1263 | (32.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 23318 | 22609 | 3.1% | 23210 | 0.5% | 45927 | 45766 | 0.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | $25990 | $24283 | 7.0% | $21735 | 19.6% | $50273 | $42734 | 17.6% |
| **Average balance of** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | $2782200 | $2649037 | 5.0% | $2414824 | 15.2% | $2715986 | $2392426 | 13.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 151055 | 146540 | 3.1% | 141816 | 6.5% | 148810 | 141137 | 5.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 200875 | 209375 | (4.1)% | 213428 | (5.9)% | 205101 | 215215 | (4.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $3134130 | $3004952 | 4.3% | $2770068 | 13.1% | $3069897 | $2748778 | 11.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | $2187210 | $2140201 | 2.2% | $1863623 | 17.4% | $2163836 | $1845417 | 17.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 71286 | 3933 | 1712.5% | 48462 | 47.1% | 37796 | 45324 | (16.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $2258496 | $2144134 | 5.3% | $1912085 | 18.1% | $2201632 | $1890741 | 16.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total funding <sup>(1)</sup> | $2792026 | $2660764 | 4.9% | $2447593 | 14.1% | $2726758 | $2429900 | 12.2% |
| **Annualized average yield/cost of** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 6.56% | 6.59% |  | 6.77% |  | 6.57% | 6.71% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 3.88% | 3.90% |  | 3.72% |  | 3.89% | 3.64% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 4.73% | 4.76% |  | 5.67% |  | 4.74% | 5.67% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 6.31% | 6.33% |  | 6.53% |  | 6.32% | 6.47% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | 4.13% | 4.28% |  | 4.86% |  | 4.20% | 4.85% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 4.57% | 4.64% |  | 5.59% |  | 4.58% | 5.60% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 4.14% | 4.28% |  | 4.88% |  | 4.21% | 4.87% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin | 3.33% | 3.28% |  | 3.16% |  | 3.30% | 3.13% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of total funding <sup>(1)</sup> | 3.35% | 3.45% |  | 3.81% |  | 3.40% | 3.79% |  |
| **Supplementary information** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net accretion of discount on loans | $610 | $872 | (30.0)% | $791 | (22.9)% | $1482 | $1364 | 8.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net amortization of deferred loan fees | $414 | $266 | 55.6% | $339 | 22.1% | $680 | $673 | 1.0% |

---

*(1)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.*

------

*<u>Loans.</u>* The decreases in average yield for the current quarter compared with the previous and year-ago quarters were primarily due to decreases in market rates and net accretion of discount on loans, partially offset by an increase in net amortization of deferred loan fees. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to a decrease in market rates, partially offset by increases in net accretion of discount on loans and net amortization of deferred loan fees.

The following table presents a composition of total loans by interest rate type accompanied with the weighted-average contractual rates as of the dates indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **6/30/2025** | **6/30/2025** | **3/31/2025** | **3/31/2025** | **12/31/2024** | **12/31/2024** | **6/30/2024** | **6/30/2024** |
| | **% to Total Loans** | **Weighted-Average Contractual Rate** | **% to Total Loans** | **Weighted-Average Contractual Rate** | **% to Total Loans** | **Weighted-Average Contractual Rate** | **% to Total Loans** | **Weighted-Average Contractual Rate** |
| Fixed rate loans | 18.0% | 5.51% | 17.8% | 5.35% | 17.4% | 5.23% | 18.8% | 5.04% |
| Hybrid rate loans | 38.5% | 5.43% | 38.0% | 5.36% | 37.3% | 5.27% | 37.2% | 5.04% |
| Variable rate loans | 43.5% | 7.53% | 44.2% | 7.52% | 45.3% | 7.63% | 44.0% | 8.45% |

---

*<u>Investment Securities.</u>* The increases for the current quarter and year-to-date period compared with the same periods of 2024 were primarily due to higher yields on newly purchased investment securities and a decrease in net amortization of premium.

*<u>Other Interest-Earning Assets.</u>* The decrease in average yield for the current quarter compared with the previous quarter was primarily due to a decrease in dividends received on Federal Home Loan Bank ("FHLB") stock. The decreases for the current quarter and year-to-date period compared with the same periods of 2024 were primarily due to a decrease in average interest rate on cash held at the Federal Reserve Bank, partially offset by an increase in dividends received on FHLB stock.

*<u>Interest-Bearing Deposits.</u>* The decreases in average cost for the current quarter and year-to-date period were primarily due to a decrease in market rates.

**Provision for Credit Losses**

The following table presents a composition of provision for credit losses for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Provision for credit losses on loans | $1721 | $1591 | 8.2% | $329 | 423.1% | $3312 | $1251 | 164.7% |
| Provision (reversal) for credit losses on off-balance sheet credit exposure | 66 | 7 | 842.9% | (70) | NA | 73 | 98 | (25.5)% |
| &nbsp;&nbsp;&nbsp;**Total provision for credit losses** | $**1787** | $**1598** | **11.8%** | $**259** | **590.0%** | $**3385** | $**1349** | **150.9%** |

---

The provision for credit losses on loans for the current quarter was primarily due to an increase in loans held-for-investment.

------

**Noninterest Income**

The following table presents the components of noninterest income for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Gain on sale of loans | $1465 | $887 | 65.2% | $763 | 92.0% | $2352 | $1841 | 27.8% |
| Service charges and fees on deposits | 375 | 372 | 0.8% | 364 | 3.0% | 747 | 742 | 0.7% |
| Loan servicing income | 760 | 725 | 4.8% | 799 | (4.9)% | 1485 | 1718 | (13.6)% |
| Bank-owned life insurance ("BOLI") income | 253 | 247 | 2.4% | 236 | 7.2% | 500 | 464 | 7.8% |
| Other income | 444 | 349 | 27.2% | 323 | 37.5% | 793 | 665 | 19.2% |
| &nbsp;&nbsp;&nbsp;**Total noninterest income** | $**3297** | $**2580** | **27.8%** | $**2485** | **32.7%** | $**5877** | $**5430** | **8.2%** |

---

*<u>Gain on Sale of Loans.</u>* The following table presents information on gain on sale of loans for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Gain on sale of SBA loans |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sold loan balance | $26947 | $16605 | 62.3% | $13619 | 97.9% | $43552 | $33033 | 31.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium received | 1750 | 1208 | 44.9% | 1056 | 65.7% | 2958 | 2652 | 11.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain recognized | 1465 | 887 | 65.2% | 763 | 92.0% | 2352 | 1841 | 27.8% |

---

*<u>Loan Servicing Income.</u>* The Company services SBA loans and certain residential property loans sold to the secondary market. The following table presents information on loan servicing income for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Loan servicing income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Servicing income received | $1251 | $1273 | (1.7)% | $1318 | (5.1)% | $2524 | $2611 | (3.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Servicing assets amortization | (491) | (548) | (10.4)% | (519) | (5.4)% | (1039) | (893) | 16.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Loan servicing income** | $**760** | $**725** | **4.8%** | $**799** | **(4.9)%** | $**1485** | $**1718** | **(13.6)%** |
| Underlying loans at end of period | $514974 | $510927 | 0.8% | $527458 | (2.4)% | $514974 | $527458 | (2.4)% |

---

------

**Noninterest Expense**

The following table presents the components of noninterest expense for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Salaries and employee benefits | $8844 | $9075 | (2.5)% | $9225 | (4.1)% | $17919 | $18443 | (2.8)% |
| Occupancy and equipment | 2379 | 2289 | 3.9% | 2300 | 3.4% | 4668 | 4658 | 0.2% |
| Professional fees | 805 | 628 | 28.2% | 973 | (17.3)% | 1433 | 2057 | (30.3)% |
| Marketing and business promotion | 597 | 243 | 145.7% | 318 | 87.7% | 840 | 637 | 31.9% |
| Data processing | 317 | 333 | (4.8)% | 495 | (36.0)% | 650 | 897 | (27.5)% |
| Director fees and expenses | 225 | 226 | (0.4)% | 221 | 1.8% | 451 | 453 | (0.4)% |
| Regulatory assessments | 358 | 344 | 4.1% | 327 | 9.5% | 702 | 625 | 12.3% |
| Other expense | 1304 | 1336 | (2.4)% | 1316 | (0.9)% | 2640 | 3757 | (29.7)% |
| &nbsp;&nbsp;&nbsp;**Total noninterest expense** | $**14829** | $**14474** | **2.5%** | $**15175** | **(2.3)%** | $**29303** | $**31527** | **(7.1)%** |

---

*<u>Salaries and Employee Benefits.</u>* The decrease for the current quarter compared with the previous quarter was primarily due to decreases in bonus and vacation accruals, and an increase in direct loan origination cost, which offsets and defers the recognition of salaries and benefits expense, partially offset by an increase in salaries from the annual merit increase and new employees at the newly opened full-service branch in Suwanee, Georgia. The decrease for the current quarter compared with the year-ago quarter was primarily due to decreases in salaries, bonus and vacation accruals, as well as an increase in direct loan origination cost. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to decreases in salaries and vacation accrual, and an increase in direct loan origination cost, partially offset by an increase in bonus accrual. The number of full-time equivalent employees was 266, 257 and 265 as of June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

*<u>Professional Fees.</u>* The increase for the current quarter compared with the previous quarter was primarily due to professional fees related to evaluating the accounting for a preferred stock purchase option. The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to other professional fees for the 2024 periods related to a core system conversion that was completed in April 2024.

*<u>Marketing and Business Promotion.</u>* The increases for the current quarter and year-to-date periods were primarily due to an increase in advertising.

*<u>Data Processing.</u>* The decreases for the current quarter and year-to-date periods compared with the same periods of 2024 were primarily due to a decrease in overall service charges after the core system conversion.

*<u>Other Expense.</u>* The decrease for the current year-to-date period compared with the previous year-to-date period was primarily due to a termination charge for the legacy core system of $508 thousand and an expense of $815 thousand for a reimbursement for an SBA loan guarantee previously paid by the SBA on a loan originated in 2014 that subsequently defaulted and was ultimately determined to be ineligible for the SBA guaranty during the previous year-to-date period, partially offset by the impairment on operating lease assets of $228 thousand and contingent accrual for legal settlements of $190 thousand for the current year-to-date period.

------

**<u>Balance Sheet (Unaudited)</u>**

Total assets were $3.31 billion at June 30, 2025, an increase of $121.8 million, or 3.8%, from $3.18 billion at March 31, 2025, an increase of $241.6 million, or 7.9%, from $3.06 billion at December 31, 2024, and an increase of $452.6 million, or 15.9%, from $2.85 billion at June 30, 2024. The increases for the current quarter and year-to-date period were primarily due to increases in loans held-for-investment and cash and cash equivalents.

**Loans**

The following table presents a composition of total loans (includes both loans held-for-sale and loans held-for-investment) as of the dates indicated:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **12/31/2024** | **% Change** | **6/30/2024** | **% Change** |
| Commercial real estate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | $1010780 | $965302 | 4.7% | $940931 | 7.4% | $852677 | 18.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Business property | 635648 | 618771 | 2.7% | 595547 | 6.7% | 572643 | 11.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Multifamily | 212738 | 207096 | 2.7% | 194220 | 9.5% | 177657 | 19.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Construction | 27294 | 23978 | 13.8% | 21854 | 24.9% | 28316 | (3.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | 1886460 | 1815147 | 3.9% | 1752552 | 7.6% | 1631293 | 15.6% |
| Commercial and industrial | 492857 | 494697 | (0.4)% | 472763 | 4.3% | 417333 | 18.1% |
| Consumer: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 406682 | 406774 | (0.1)% | 392456 | 3.6% | 384905 | 5.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer | 9310 | 10992 | (15.3)% | 11616 | (19.9)% | 15543 | (40.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 415992 | 417766 | (0.4)% | 404072 | 2.9% | 400448 | 3.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-investment | 2795309 | 2727610 | 2.5% | 2629387 | 6.3% | 2449074 | 14.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-sale | 8133 | 12101 | (32.8)% | 6292 | 29.3% | 2959 | 174.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans** | $**2803442** | $**2739711** | **2.3%** | $**2635679** | **6.4%** | $**2452033** | **14.3%** |
| SBA loans included in: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-investment | $150688 | $147622 | 2.1% | $146940 | 2.6% | $144440 | 4.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held-for-sale | $8133 | $12101 | (32.8)% | $6292 | 29.3% | $2959 | 174.9% |
| ACL on loans | $33554 | $31942 | 5.0% | $30628 | 9.6% | $28747 | 16.7% |
| ACL on loans to loans held-for-investment | 1.20% | 1.17% |  | 1.16% |  | 1.17% |  |

---

The increase in loans held-for-investment for the current quarter was primarily due to new funding of term loans of $191.9 million and net increase of lines of credit of $12.5 million, partially offset by pay-downs and pay-offs of term loans of $111.6 million and charge-offs of $120 thousand. The increase for the current year-to-date period was primarily due to new funding of term loans of $346.0 million and net increase of lines of credit of $16.8 million, partially offset by pay-downs and pay-offs of term loans of $196.4 million and charge-offs of $473 thousand.

The decrease in loans held-for-sale for the current quarter was primarily due to sales of $26.9 million and pay-downs of $122 thousand, partially offset by new funding of $23.1 million. The increase for the current year-to-date period was primarily due to new funding of $45.6 million, partially offset by sales of $43.6 million and pay-downs of $166 thousand.

The following table presents a composition of off-balance sheet credit exposure as of the dates indicated:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **12/31/2024** | **% Change** | **6/30/2024** | **% Change** |
| Commercial property | $10851 | $7810 | 38.9% | $8888 | 22.1% | $6309 | 72.0% |
| Business property | 10364 | 11068 | (6.4)% | 11058 | (6.3)% | 11607 | (10.7)% |
| Multifamily |  |  | —% |  | —% | 1800 | (100.0)% |
| Construction | 8985 | 12312 | (27.0)% | 14423 | (37.7)% | 22030 | (59.2)% |
| Commercial and industrial | 342467 | 351802 | (2.7)% | 364731 | (6.1)% | 336121 | 1.9% |
| Other consumer | 2274 | 1671 | 36.1% | 1475 | 54.2% | 5192 | (56.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commitments to extend credit | 374941 | 384663 | (2.5)% | 400575 | (6.4)% | 383059 | (2.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Letters of credit | 7418 | 6795 | 9.2% | 6795 | 9.2% | 6808 | 9.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total off-balance sheet credit exposure** | $**382359** | $**391458** | **(2.3)%** | $**407370** | **(6.1)%** | $**389867** | **(1.9)%** |

---

------

*<u>Credit Quality</u>*

The following table presents a summary of non-performing loans and assets, and classified assets as of the dates indicated:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **12/31/2024** | **% Change** | **6/30/2024** | **% Change** |
| Nonaccrual loans |  |  |  |  |  |  |  |
| Commercial real estate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial property | $1497 | $1538 | (2.7)% | $1851 | (19.1)% | $1804 | (17.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Business property | 1654 | 1485 | 11.4% | 2336 | (29.2)% | 2440 | (32.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Multifamily |  |  | —% |  | —% | 2038 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | 3151 | 3023 | 4.2% | 4187 | (24.7)% | 6282 | (49.8)% |
| Commercial and industrial | 255 | 66 | 286.4% | 79 | 222.8% | 112 | 127.7% |
| Consumer: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage | 5526 | 3153 | 75.3% | 403 | 1271.2% | 1100 | 402.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other consumer |  | 6 | (100.0)% | 24 | (100.0)% | 6 | (100.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer | 5526 | 3159 | 74.9% | 427 | 1194.1% | 1106 | 399.6% |
| Total nonaccrual loans held-for-investment | 8932 | 6248 | 43.0% | 4693 | 90.3% | 7500 | 19.1% |
| Loans past due 90 days or more and still accruing |  |  | —% |  | —% |  | —% |
| Non-performing loans ("NPLs") | 8932 | 6248 | 43.0% | 4693 | 90.3% | 7500 | 19.1% |
| NPLs held-for-sale |  |  | —% |  | —% |  | —% |
| Total NPLs | 8932 | 6248 | 43.0% | 4693 | 90.3% | 7500 | 19.1% |
| Other real estate owned ("OREO") |  |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Non-performing assets ("NPAs")** | $**8932** | $**6248** | **43.0%** | $**4693** | **90.3%** | $**7500** | **19.1%** |
| Loans past due and still accruing |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due 30 to 59 days | $2327 | $5236 | (55.6)% | $4599 | (49.4)% | $2245 | 3.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due 60 to 89 days | 226 | 101 | 123.8% | 303 | (25.4)% | 41 | 451.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due 90 days or more |  |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans past due and still accruing** | $**2553** | $**5337** | **(52.2)%** | **4902** | **(47.9)%** | $**2286** | **11.7%** |
| Special mention loans | $6838 | $5010 | 36.5% | $5034 | 35.8% | $5080 | 34.6% |
| Classified assets |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Classified loans held-for-investment | $16433 | $8280 | 98.5% | $6930 | 137.1% | $9752 | 68.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Classified loans held-for-sale |  |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;OREO |  |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Classified assets** | $**16433** | $**8280** | **98.5%** | $**6930** | **137.1%** | $**9752** | **68.5%** |
| NPLs to loans held-for-investment | 0.32% | 0.23% |  | 0.18% |  | 0.31% |  |
| NPAs to total assets | 0.27% | 0.20% |  | 0.15% |  | 0.26% |  |
| Classified assets to total assets | 0.50% | 0.26% |  | 0.23% |  | 0.34% |  |

---

*<u>Allowance for Credit Losses</u>*

The following table presents activity in ACL for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**($ in thousands)** | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| **ACL on loans** | | | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Balance at beginning of period | $31942 | $30628 | 4.3% | $28332 | 12.7% | $30628 | $27533 | 11.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Charge-offs | (120) | (353) | (66.0)% |  | NA | (473) | (185) | 155.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Recoveries | 11 | 76 | (85.5)% | 86 | (87.2)% | 87 | 148 | (41.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses on loans | 1721 | 1591 | 8.2% | 329 | 423.1% | 3312 | 1251 | 164.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Balance at end of period** | $**33554** | $**31942** | **5.0%** | $**28747** | **16.7%** | $**33554** | $**28747** | **16.7%** |
| **ACL on off-balance sheet credit exposure** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Balance at beginning of period | $1197 | $1190 | 0.6% | $1445 | (17.2)% | $1190 | $1277 | (6.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision (reversal) for credit losses on off-balance sheet credit exposure | 66 | 7 | 842.9% | (70) | NA | 73 | 98 | (25.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Balance at end of period** | $**1263** | $**1197** | **5.5%** | $**1375** | **(8.1)%** | $**1263** | $**1375** | **(8.1)%** |

---

------

**Investment Securities**

Total investment securities were $154.6 million at June 30, 2025, an increase of $6.4 million, or 4.3%, from $148.2 million at March 31, 2025, an increase of $8.3 million, or 5.7%, from $146.3 million at December 31, 2024, and an increase of $6.6 million, or 4.5%, from $148.0 million at June 30, 2024. The increase for the current quarter was primarily due to purchases of $11.9 million and a fair value increase of $797 thousand, partially offset by principal pay-downs of $6.2 million and net premium amortization of $34 thousand. The increase for the current year-to-date period was primarily due to purchases of $14.9 million and a fair value increase of $4.0 million, partially offset by principal pay-downs of $10.5 million and net premium amortization of $65 thousand.

**Deposits**

The following table presents the Company's deposit mix as of the dates indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **6/30/2025** | **6/30/2025** | **3/31/2025** | **3/31/2025** | **12/31/2024** | **12/31/2024** | **6/30/2024** | **6/30/2024** |
|<br>**($ in thousands)** | **Amount** | **% to Total** | **Amount** | **% to Total** | **Amount** | **% to Total** | **Amount** | **% to Total** |
| Noninterest-bearing demand deposits | $575905 | 20.4% | $564407 | 20.8% | $547853 | 20.9% | $543538 | 22.6% |
| Interest-bearing deposits |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 5695 | 0.2% | 5185 | 0.2% | 5765 | 0.2% | 7821 | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW | 12765 | 0.5% | 15219 | 0.6% | 13761 | 0.5% | 18346 | 0.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail money market accounts | 533032 | 18.7% | 492334 | 18.0% | 447360 | 17.1% | 457760 | 18.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered money market accounts | 1 | 0.1% | 1 | 0.1% | 1 | 0.1% | 1 | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail time deposits of |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$250,000 or less | 555357 | 19.7% | 532512 | 19.6% | 493644 | 18.9% | 475923 | 19.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;More than $250,000 | 649160 | 23.0% | 652458 | 24.0% | 605124 | 23.1% | 559832 | 23.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;State and brokered time deposits | 491000 | 17.4% | 452283 | 16.7% | 502283 | 19.2% | 343033 | 14.3% |
| Total interest-bearing deposits | 2247010 | 79.6% | 2149992 | 79.2% | 2067938 | 79.1% | 1862716 | 77.4% |
| **Total deposits** | $**2822915** | **100.0%** | $**2714399** | **100.0%** | $**2615791** | **100.0%** | $**2406254** | **100.0%** |
| **Estimated total deposits not covered by deposit insurance** | $**1164592** | **41.3%** | $**1125068** | **41.4%** | $**1036451** | **39.6%** | $**1020963** | **42.4%** |

---

Total retail deposits were $2.33 billion at June 30, 2025, an increase of $69.8 million, or 3.1%, from $2.26 billion at March 31, 2025, an increase of $218.4 million, or 10.3%, from $2.11 billion at December 31, 2024, and an increase of $268.7 million, or 13.0%, from $2.06 billion at June 30, 2024.

The increase in retail time deposits for the current quarter was primarily due to new accounts of $117.6 million, renewals of the matured accounts of $265.5 million and balance increases of $8.5 million, partially offset by matured and closed accounts of $372.0 million. The increase for the current year-to-date period was primarily due to new accounts of $279.8 million, renewals of the matured accounts of $604.5 million and balance increases of $24.3 million, partially offset by matured and closed accounts of $802.8 million.

**Liquidity**

The following table presents a summary of the Company's liquidity position as of the dates indicated:

---

| | | | |
|:---|:---|:---|:---|
| **($ in thousands)** | **6/30/2025** | **12/31/2024** | **% Change** |
| Cash and cash equivalents | $263567 | $198792 | 32.6% |
| Cash and cash equivalents to total assets | 8.0% | 6.5% |  |
| Available borrowing capacity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB advances | $750671 | $722439 | 3.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve Discount Window | 774881 | 586525 | 32.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Overnight federal funds lines | 65000 | 50000 | 30.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $1590551 | $1358964 | 17.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available borrowing capacity to total assets | 48.1% | 44.4% |  |

---

------

**Shareholders' Equity**

Shareholders' equity was $376.5 million at June 30, 2025, an increase of $5.6 million, or 1.5%, from $370.9 million at March 31, 2025, an increase of $12.7 million, or 3.5%, from $363.8 million at December 31, 2024, and an increase of $23.0 million, or 6.5%, from $353.5 million at June 30, 2024. The increase for the current quarter was primarily due to net income, a decrease in accumulated other comprehensive loss of $516 thousand and proceeds from stock option exercises of $534 thousand, partially offset by repurchases of common stock of $1.8 million, cash dividends declared on common stock of $2.9 million and preferred stock dividends of $87 thousand. The increase for the current year-to-date period was primarily due to net income, a decrease in accumulated other comprehensive loss of $2.8 million and proceeds from stock option exercises of $1.2 million, partially offset by repurchases of common stock of $2.7 million, cash dividends declared on common stock of $5.7 million and preferred stock dividends of $127 thousand.

*<u>Stock Repurchases</u>*

During the current year-to-date period, the Company repurchased and retired 149,304 shares of common stock at a weighted-average price of $18.24, totaling $2.7 million. In 2024, the Company repurchased and retired 14,947 shares of common stock at a weighted-average price of $14.88, totaling $222 thousand. As of June 30, 2025, the Company is authorized to purchase 428,473 additional shares under its current stock repurchase program, which expires on August 2, 2025.

*<u>Series C Preferred Stock</u>*

The Company began paying quarterly dividends on the Series C Preferred Stock in the second quarter of 2024. The Company paid dividends of $87 thousand and $127 thousand for the current quarter and year-to-date period, respectively.

**Capital Ratios**

The following table presents capital ratios for the Company and the Bank as of the dates indicated:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **6/30/2025** | **3/31/2025** | **12/31/2024** | **6/30/2024** | **Well Capitalized Minimum Requirements** |
| PCB Bancorp |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common tier 1 capital (to risk-weighted assets)  | 11.14% | 11.25% | 11.44% | 11.91% | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital (to risk-weighted assets)  | 14.84% | 14.98% | 15.24% | 15.94% | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to risk-weighted assets)  | 13.60% | 13.77% | 14.04% | 14.71% | N/A |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to average assets)  | 11.81% | 12.14% | 12.45% | 12.66% | N/A |
| PCB Bank |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common tier 1 capital (to risk-weighted assets)  | 13.23% | 13.42% | 13.72% | 14.38% | 6.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total capital (to risk-weighted assets)  | 14.47% | 14.63% | 14.92% | 15.60% | 10.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to risk-weighted assets)  | 13.23% | 13.42% | 13.72% | 14.38% | 8.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 capital (to average assets)  | 11.50% | 11.82% | 12.16% | 12.37% | 5.0% |

---

------

**<u>About PCB Bancorp</u>**

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

**<u>Cautionary Note Regarding Forward-Looking Statements</u>**

This press release 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 the Company's liquidity, financial performance and 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; acquisitions and branch and loan production office expansions; 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 the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC, which are available without charge at the SEC's website (http://www.sec.gov) and 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 press release, and the Company does 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

**<u>Contact:</u>**

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

------

**PCB Bancorp and Subsidiary**

**Consolidated Balance Sheets (Unaudited)**

($ in thousands, except share and per share data)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **6/30/2025** | **3/31/2025** | **% Change** | **12/31/2024** | **% Change** | **6/30/2024** | **% Change** |
| **Assets** | | | | | | | |
| Cash and due from banks | $41614 | $28852 | 44.2% | $27100 | 53.6% | $23247 | 79.0% |
| Interest-bearing deposits in other financial institutions | 221953 | 185496 | 19.7% | 171692 | 29.3% | 154383 | 43.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 263567 | 214348 | 23.0% | 198792 | 32.6% | 177630 | 48.4% |
| Securities available-for-sale, at fair value | 154620 | 148190 | 4.3% | 146349 | 5.7% | 148009 | 4.5% |
| Loans held-for-sale | 8133 | 12101 | (32.8)% | 6292 | 29.3% | 2959 | 174.9% |
| Loans held-for-investment | 2795309 | 2727610 | 2.5% | 2629387 | 6.3% | 2449074 | 14.1% |
| Allowance for credit losses on loans | (33554) | (31942) | 5.0% | (30628) | 9.6% | (28747) | 16.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loans held-for-investment | 2761755 | 2695668 | 2.5% | 2598759 | 6.3% | 2420327 | 14.1% |
| Premises and equipment, net | 8942 | 8420 | 6.2% | 8280 | 8.0% | 8923 | 0.2% |
| Federal Home Loan Bank and other bank stock | 14978 | 14042 | 6.7% | 14042 | 6.7% | 14042 | 6.7% |
| Bank-owned life insurance | 32266 | 32013 | 0.8% | 31766 | 1.6% | 31281 | 3.1% |
| Deferred tax assets, net | 7032 | 6736 | 4.4% | 7249 | (3.0)% |  | NA |
| Servicing assets | 5756 | 5631 | 2.2% | 5837 | (1.4)% | 6205 | (7.2)% |
| Operating lease assets | 17861 | 17779 | 0.5% | 17254 | 3.5% | 17609 | 1.4% |
| Accrued interest receivable | 10879 | 10967 | (0.8)% | 10466 | 3.9% | 10464 | 4.0% |
| Other assets | 19800 | 17863 | 10.8% | 18885 | 4.8% | 15515 | 27.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3305589** | $**3183758** | **3.8%** | $**3063971** | **7.9%** | $**2852964** | **15.9%** |
| **Liabilities** |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand | $575905 | $564407 | 2.0% | $547853 | 5.1% | $543538 | 6.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings, NOW and money market accounts | 551493 | 512739 | 7.6% | 466887 | 18.1% | 483928 | 14.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits of $250,000 or less | 986357 | 924795 | 6.7% | 935927 | 5.4% | 758956 | 30.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits of more than $250,000 | 709160 | 712458 | (0.5)% | 665124 | 6.6% | 619832 | 14.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 2822915 | 2714399 | 4.0% | 2615791 | 7.9% | 2406254 | 17.3% |
| Other short-term borrowings |  |  | —% | 15000 | (100.0)% | 4000 | (100.0)% |
| Federal Home Loan Bank advances | 45000 | 30000 | 50.0% |  | NA | 32000 | 40.6% |
| Deferred tax liabilities, net |  |  | —% |  | —% | 577 | (100.0)% |
| Operating lease liabilities | 19652 | 19465 | 1.0% | 18671 | 5.3% | 18939 | 3.8% |
| Accrued interest payable and other liabilities | 41522 | 49030 | (15.3)% | 50695 | (18.1)% | 37725 | 10.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 2929089 | 2812894 | 4.1% | 2700157 | 8.5% | 2499495 | 17.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitments and contingent liabilities |  |  |  |  |  |  |  |
| **Shareholders' equity** |  |  |  |  |  |  |  |
| Preferred stock | 69141 | 69141 | —% | 69141 | —% | 69141 | —% |
| Common stock | 142152 | 143156 | (0.7)% | 143195 | (0.7)% | 142698 | (0.4)% |
| Retained earnings | 171735 | 165611 | 3.7% | 160797 | 6.8% | 151781 | 13.1% |
| Accumulated other comprehensive loss, net | (6528) | (7044) | (7.3)% | (9319) | (29.9)% | (10151) | (35.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | 376500 | 370864 | 1.5% | 363814 | 3.5% | 353469 | 6.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3305589** | $**3183758** | **3.8%** | $**3063971** | **7.9%** | $**2852964** | **15.9%** |
| Outstanding common shares | 14336602 | 14387176 |  | 14380651 |  | 14254024 |  |
| Book value per common share <sup>(1)</sup> | $26.26 | $25.78 |  | $25.30 |  | $24.80 |  |
| TCE per common share <sup>(2)</sup> | $21.44 | $20.97 |  | $20.49 |  | $19.95 |  |
| Total loan to total deposit ratio | 99.31% | 100.93% |  | 100.76% |  | 101.90% |  |
| Noninterest-bearing deposits to total deposits | 20.40% | 20.79% |  | 20.94% |  | 22.59% |  |

---

*(1)The ratios are calculated by dividing total shareholders*' *equity by the number of outstanding common shares. The Company had no intangible equity components for the presented periods.*

*(2)Non-GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure.*

------

**PCB Bancorp and Subsidiary**

**Consolidated Statements of Income (Unaudited)**

($ in thousands, except share and per share data)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
| | **6/30/2025** | **3/31/2025** | **% Change** | **6/30/2024** | **% Change** | **6/30/2025** | **6/30/2024** | **% Change** |
| Interest and dividend income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, including fees | $45478 | $43026 | 5.7% | $40626 | 11.9% | $88504 | $79877 | 10.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | 1462 | 1408 | 3.8% | 1310 | 11.6% | 2870 | 2556 | 12.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 2368 | 2458 | (3.7)% | 3009 | (21.3)% | 4826 | 6067 | (20.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 49308 | 46892 | 5.2% | 44945 | 9.7% | 96200 | 88500 | 8.7% |
| Interest expense |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | 22505 | 22564 | (0.3)% | 22536 | (0.1)% | 45069 | 44503 | 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 813 | 45 | 1706.7% | 674 | 20.6% | 858 | 1263 | (32.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 23318 | 22609 | 3.1% | 23210 | 0.5% | 45927 | 45766 | 0.4% |
| Net interest income | 25990 | 24283 | 7.0% | 21735 | 19.6% | 50273 | 42734 | 17.6% |
| Provision for credit losses | 1787 | 1598 | 11.8% | 259 | 590.0% | 3385 | 1349 | 150.9% |
| Net interest income after provision for credit losses | 24203 | 22685 | 6.7% | 21476 | 12.7% | 46888 | 41385 | 13.3% |
| Noninterest income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gain on sale of loans | 1465 | 887 | 65.2% | 763 | 92.0% | 2352 | 1841 | 27.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Service charges and fees on deposits | 375 | 372 | 0.8% | 364 | 3.0% | 747 | 742 | 0.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan servicing income | 760 | 725 | 4.8% | 799 | (4.9)% | 1485 | 1718 | (13.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;BOLI income | 253 | 247 | 2.4% | 236 | 7.2% | 500 | 464 | 7.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | 444 | 349 | 27.2% | 323 | 37.5% | 793 | 665 | 19.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 3297 | 2580 | 27.8% | 2485 | 32.7% | 5877 | 5430 | 8.2% |
| Noninterest expense |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salaries and employee benefits | 8844 | 9075 | (2.5)% | 9225 | (4.1)% | 17919 | 18443 | (2.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy and equipment | 2379 | 2289 | 3.9% | 2300 | 3.4% | 4668 | 4658 | 0.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Professional fees | 805 | 628 | 28.2% | 973 | (17.3)% | 1433 | 2057 | (30.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Marketing and business promotion | 597 | 243 | 145.7% | 318 | 87.7% | 840 | 637 | 31.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Data processing | 317 | 333 | (4.8)% | 495 | (36.0)% | 650 | 897 | (27.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Director fees and expenses | 225 | 226 | (0.4)% | 221 | 1.8% | 451 | 453 | (0.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Regulatory assessments | 358 | 344 | 4.1% | 327 | 9.5% | 702 | 625 | 12.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other expense | 1304 | 1336 | (2.4)% | 1316 | (0.9)% | 2640 | 3757 | (29.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 14829 | 14474 | 2.5% | 15175 | (2.3)% | 29303 | 31527 | (7.1)% |
| Income before income taxes | 12671 | 10791 | 17.4% | 8786 | 44.2% | 23462 | 15288 | 53.5% |
| Income tax expense | 3600 | 3056 | 17.8% | 2505 | 43.7% | 6656 | 4322 | 54.0% |
| **Net income** | **9071** | **7735** | **17.3%** | **6281** | **44.4%** | **16806** | **10966** | **53.3%** |
| Preferred stock dividends | 87 | 40 | 117.5% | 142 | (38.7)% | 127 | 142 | (10.6)% |
| **Net income available to common shareholders** | $**8984** | $**7695** | **16.8%** | $**6139** | **46.3%** | $**16679** | $**10824** | **54.1%** |
| Earnings per common share |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $0.63 | $0.53 |  | $0.43 |  | $1.16 | $0.76 |  |
| &nbsp;&nbsp;&nbsp;Diluted | $0.62 | $0.53 |  | $0.43 |  | $1.15 | $0.75 |  |
| Average common shares |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 14213032 | 14272267 |  | 14237083 |  | 14242486 | 14236251 |  |
| &nbsp;&nbsp;&nbsp;Diluted | 14326011 | 14403769 |  | 14312949 |  | 14364995 | 14323171 |  |
| Dividend paid per common share | $0.20 | $0.20 |  | $0.18 |  | $0.40 | $0.36 |  |
| ROAA <sup>(1)</sup> | 1.13% | 1.01% |  | 0.89% |  | 1.07% | 0.78% |  |
| ROAE <sup>(1)</sup> | 9.76% | 8.53% |  | 7.19% |  | 9.16% | 6.29% |  |
| ROATCE <sup>(1), (2)</sup> | 11.87% | 10.45% |  | 8.75% |  | 11.17% | 7.73% |  |
| Efficiency ratio <sup>(3)</sup> | 50.63% | 53.88% |  | 62.65% |  | 52.19% | 65.46% |  |

---

*(1)Ratios are presented on an annualized basis.*

*(2)Non-GAAP. See "Non-GAAP Financial Measures" for a reconciliation of this measure to its most comparable GAAP measure.*

*(3)The ratios are calculated by dividing noninterest expense by the sum of net interest income and noninterest income.*

------

**PCB Bancorp and Subsidiary**

**Average Balance, Average Yield, and Average Rate (Unaudited)**

($ in thousands)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **6/30/2025** | **6/30/2025** | **6/30/2025** | **3/31/2025** | **3/31/2025** | **3/31/2025** | **6/30/2024** | **6/30/2024** | **6/30/2024** |
| | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> |
| **Assets** | | | | | | | | | |
| Interest-earning assets |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans <sup>(1)</sup> | $2782200 | $45478 | 6.56% | $2649037 | $43026 | 6.59% | $2414824 | $40626 | 6.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities | 117987 | 1145 | 3.89% | 112825 | 1075 | 3.86% | 104538 | 911 | 3.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligation | 20616 | 203 | 3.95% | 21028 | 210 | 4.05% | 22992 | 249 | 4.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;SBA loan pool securities | 5368 | 46 | 3.44% | 5927 | 54 | 3.69% | 6891 | 74 | 4.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds <sup>(2)</sup> | 2379 | 21 | 3.54% | 2424 | 22 | 3.68% | 3238 | 29 | 3.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 4705 | 47 | 4.01% | 4336 | 47 | 4.40% | 4157 | 47 | 4.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 200875 | 2368 | 4.73% | 209375 | 2458 | 4.76% | 213428 | 3009 | 5.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 3134130 | 49308 | 6.31% | 3004952 | 46892 | 6.33% | 2770068 | 44945 | 6.53% |
| Noninterest-earning assets |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 23267 |  |  | 24656 |  |  | 23057 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL on loans | (31932) |  |  | (30676) |  |  | (28372) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 100930 |  |  | 98584 |  |  | 88399 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 92265 |  |  | 92564 |  |  | 83084 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3226395** |  |  | $**3097516** |  |  | $**2853152** |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities |  |  |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW and money market accounts | $532842 | 4772 | 3.59% | $483927 | 4297 | 3.60% | $473557 | 4876 | 4.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 5334 | 4 | 0.30% | 5612 | 3 | 0.22% | 6899 | 4 | 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1649034 | 17729 | 4.31% | 1650662 | 18264 | 4.49% | 1383167 | 17656 | 5.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2187210 | 22505 | 4.13% | 2140201 | 22564 | 4.28% | 1863623 | 22536 | 4.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 71286 | 813 | 4.57% | 3933 | 45 | 4.64% | 48462 | 674 | 5.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2258496 | 23318 | 4.14% | 2144134 | 22609 | 4.28% | 1912085 | 23210 | 4.88% |
| Noninterest-bearing liabilities |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand | 533530 |  |  | 516630 |  |  | 535508 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 61740 |  |  | 69034 |  |  | 54338 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 595270 |  |  | 585664 |  |  | 589846 |  |  |
| Total liabilities | 2853766 |  |  | 2729798 |  |  | 2501931 |  |  |
| Total shareholders' equity | 372629 |  |  | 367718 |  |  | 351221 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3226395** |  |  | $**3097516** |  |  | $**2853152** |  |  |
| **Net interest income** |  | $**25990** |  |  | $**24283** |  |  | $**21735** |  |
| **Net interest spread** <sup>(3)</sup> |  |  | **2.17%** |  |  | **2.05%** |  |  | **1.65%** |
| **Net interest margin** <sup>(4)</sup> |  |  | **3.33%** |  |  | **3.28%** |  |  | **3.16%** |
| **Total deposits** | $**2720740** | $**22505** | **3.32%** | $**2656831** | $**22564** | **3.44%** | $**2399131** | $**22536** | **3.78%** |
| **Total funding** <sup>(5)</sup> | $**2792026** | $**23318** | **3.35%** | $**2660764** | $**22609** | **3.45%** | $**2447593** | $**23210** | **3.81%** |

---

*(1)Total loans include both loans held-for-sale and loans held-for-investment.*

*(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.*

*(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.*

*(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.*

*(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.*

*(6)Annualized.*

------

**PCB Bancorp and Subsidiary**

**Average Balance, Average Yield, and Average Rate (Unaudited)**

($ in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
| | **6/30/2025** | **6/30/2025** | **6/30/2025** | **6/30/2024** | **6/30/2024** | **6/30/2024** |
| | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> | **Average Balance** | **Interest Income/ Expense** | **Avg. Yield/Rate**<sup>(6)</sup> |
| **Assets** | | | | | | |
| Interest-earning assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans <sup>(1)</sup> | $2715986 | $88504 | 6.57% | $2392426 | $79877 | 6.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities | 115420 | 2220 | 3.88% | 103195 | 1750 | 3.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateralized mortgage obligation | 20821 | 413 | 4.00% | 23377 | 503 | 4.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;SBA loan pool securities | 5646 | 100 | 3.57% | 7104 | 152 | 4.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds <sup>(2)</sup> | 2402 | 43 | 3.61% | 3269 | 57 | 3.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 4521 | 94 | 4.19% | 4192 | 94 | 4.51% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other interest-earning assets | 205101 | 4826 | 4.74% | 215215 | 6067 | 5.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 3069897 | 96200 | 6.32% | 2748778 | 88500 | 6.47% |
| Noninterest-earning assets |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and due from banks | 23958 |  |  | 22211 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ACL on loans | (31308) |  |  | (27975) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 99763 |  |  | 88592 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 92413 |  |  | 82828 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**3162310** |  |  | $**2831606** |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |
| Interest-bearing liabilities |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;NOW and money market accounts | $508520 | 9069 | 3.60% | $463679 | 9541 | 4.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings | 5472 | 7 | 0.26% | 6548 | 8 | 0.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Time deposits | 1649844 | 35993 | 4.40% | 1375190 | 34954 | 5.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 2163836 | 45069 | 4.20% | 1845417 | 44503 | 4.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other borrowings | 37796 | 858 | 4.58% | 45324 | 1263 | 5.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 2201632 | 45927 | 4.21% | 1890741 | 45766 | 4.87% |
| Noninterest-bearing liabilities |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing demand | 525126 |  |  | 539159 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other liabilities | 65368 |  |  | 51123 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 590494 |  |  | 590282 |  |  |
| Total liabilities | 2792126 |  |  | 2481023 |  |  |
| Total shareholders' equity | 370184 |  |  | 350583 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**3162310** |  |  | $**2831606** |  |  |
| **Net interest income** |  | $**50273** |  |  | $**42734** |  |
| **Net interest spread** <sup>(3)</sup> |  |  | **2.11%** |  |  | **1.60%** |
| **Net interest margin** <sup>(4)</sup> |  |  | **3.30%** |  |  | **3.13%** |
| **Total deposits** | $**2688962** | $**45069** | **3.38%** | $**2384576** | $**44503** | **3.75%** |
| **Total funding** <sup>(5)</sup> | $**2726758** | $**45927** | **3.40%** | $**2429900** | $**45766** | **3.79%** |

---

*(1)Total loans include both loans held-for-sale and loans held-for-investment.*

*(2)The yield on municipal bonds has not been computed on a tax-equivalent basis.*

*(3)Net interest spread is calculated by subtracting average rate on interest-bearing liabilities from average yield on interest-earning assets.*

*(4)Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets.*

*(5)Total funding is the sum of interest-bearing liabilities and noninterest-bearing deposits. The cost of total funding is calculated as annualized total interest expense divided by average total funding.*

*(6)Annualized.*

------

**PCB Bancorp and Subsidiary**

**Non-GAAP Financial Measures**

($ in thousands)

**Return on average tangible common equity, tangible common equity per common share and tangible common equity to total assets ratios**

The Company's TCE is calculated by subtracting preferred stock from shareholders' equity. The Company had no intangible assets for the presented periods. ROATCE, TCE per common share, and TCE to total assets constitute supplemental financial information determined by methods other than in accordance with Generally Accepted Accounting Principles, or GAAP. These non-GAAP financial measures are used by management in its analysis of the Company's performance. These non-GAAP financial measures should not be viewed as substitutes for results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP financial measures that may be presented by other companies. The following tables provide reconciliations of the non-GAAP financial measures with financial measures defined by GAAP.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **($ in thousands)** | | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
| **($ in thousands)** | | **6/30/2025** | **3/31/2025** | **6/30/2024** | **6/30/2025** | **6/30/2024** |
| Average total shareholders' equity | (a) | $372629 | $367718 | $351221 | $370184 | $350583 |
| Less: average preferred stock | (b) | 69141 | 69141 | 69141 | 69141 | 69141 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average TCE | (c)=(a)-(b) | 303488 | 298577 | 282080 | 301043 | 281442 |
| Net income | (d) | $9071 | $7735 | $6281 | $16806 | $10966 |
| &nbsp;&nbsp;&nbsp;&nbsp;ROAE <sup>(1)</sup> | (d)/(a) | 9.76% | 8.53% | 7.19% | 9.16% | 6.29% |
| Net income available to common shareholders | (e) | 8984 | 7695 | 6139 | 16679 | 10824 |
| &nbsp;&nbsp;&nbsp;&nbsp;ROATCE <sup>(1)</sup> | (e)/(c) | 11.87% | 10.45% | 8.75% | 11.17% | 7.73% |

---

*(1) Annualized.*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **($ in thousands, except per share data)** | | **6/30/2025** | **3/31/2025** | **12/31/2024** | **6/30/2024** |
| Total shareholders' equity | (a) | $376500 | $370864 | $363814 | $353469 |
| Less: preferred stock | (b) | 69141 | 69141 | 69141 | 69141 |
| &nbsp;&nbsp;&nbsp;&nbsp;TCE | (c)=(a)-(b) | 307359 | 301723 | 294673 | 284328 |
| Outstanding common shares | (d) | 14336602 | 14387176 | 14380651 | 14254024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Book value per common share | (a)/(d) | $26.26 | $25.78 | $25.30 | $24.80 |
| &nbsp;&nbsp;&nbsp;&nbsp;TCE per common share | (c)/(d) | 21.44 | 20.97 | 20.49 | 19.95 |
| Total assets | (e) | $3305589 | $3183758 | $3063971 | $2852964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity to total assets | (a)/(e) | 11.39% | 11.65% | 11.87% | 12.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;TCE to total assets | (c)/(e) | 9.30% | 9.48% | 9.62% | 9.97% |

---

## Exhibit 99.2

![](pcbinvestordeck2q25001.jpg)

Earnings Results 2Q25 July 24, 2025 PCB BANCORP

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![](pcbinvestordeck2q25002.jpg)

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.

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![](pcbinvestordeck2q25003.jpg)

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

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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%

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![](pcbinvestordeck2q25005.jpg)

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

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![](pcbinvestordeck2q25006.jpg)

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

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![](pcbinvestordeck2q25007.jpg)

$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%)

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![](pcbinvestordeck2q25008.jpg)

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%

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![](pcbinvestordeck2q25009.jpg)

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

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![](pcbinvestordeck2q25010.jpg)

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

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![](pcbinvestordeck2q25011.jpg)

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

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![](pcbinvestordeck2q25012.jpg)

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

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![](pcbinvestordeck2q25013.jpg)

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

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![](pcbinvestordeck2q25014.jpg)

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

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![](pcbinvestordeck2q25015.jpg)

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

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![](pcbinvestordeck2q25016.jpg)

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

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![](pcbinvestordeck2q25017.jpg)

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

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![](pcbinvestordeck2q25018.jpg)

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

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![](pcbinvestordeck2q25019.jpg)

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

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## Exhibit 99.3

**Exhibit 99.3**

![pcbbancorp.jpg](pcbbancorp.jpg)

**PCB Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share**

Los Angeles, California - July 24, 2025 - PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 23, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 15, 2025, to shareholders of record as of the close of business on August 8, 2025.

**<u>About PCB Bancorp</u>**

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

**<u>Contact:</u>**

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

## Exhibit 99.4

**Exhibit 99.4**

![pcbbancorpb.jpg](pcbbancorpb.jpg)

**PCB Bancorp Announces Extension of Stock Repurchase Plan**

Los Angeles, California - July 24, 2025 - PCB Bancorp (the "Company") (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 23, 2025, its Board of Directors extended the term of the Company's stock repurchase program for an additional year, to expire on July 31, 2026. The stock repurchase program, which was first adopted on August 2, 2023, authorizes the repurchase of up to 720,000 shares of the Company's outstanding common stock and, as previously extended, was scheduled to expire on August 1, 2025.

As of July 23, 2025, the Company has repurchased and retired 291,527 shares of its common stock, leaving an aggregate of 428,473 shares authorized for repurchase under the stock repurchase program.

Under the stock repurchase program, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at the Company's discretion. Factors include, but are not limited to, stock price, trading volume and general market conditions, along with the Company's general business conditions. The program may be suspended or discontinued at any time and does not obligate the company to acquire any specific number of shares of its common stock.

As part of the stock repurchase program, the Company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The 10b5-1 trading plan would permit common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 trading plan will be administered by an independent broker and will be subject to price, market volume and timing restrictions.

**About PCB Bancorp**

PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities.

**Cautionary Note Regarding Forward-Looking Statements**

This press release 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 the Company's liquidity, financial performance and 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; acquisitions and branch and loan production office expansions; 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;

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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 the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC, which are available without charge at the SEC's website (http://www.sec.gov) and 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 press release, and the Company does 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.

**Contact:**

Timothy Chang

Executive Vice President & Chief Financial Officer

213-210-2000

<br>