Forward-Looking Statement

Certain statements in this presentation and any related oral presentation may be deemed to be "forward-looking statements." Forward-looking statements, which are based on management's current plans, forecasts and expectations, are inherently less reliable than historical information. Forward-looking statements are subject to risks and uncertainties, including events and circumstances that may be outside our control.

Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include, without limitation, deterioration in the Company's loan portfolio; fluctuations in interest rates; the Company's ability to effectively execute its strategic plans, including continued growth in deposits and loans; general economic and financial market conditions; the competitive environment, particularly in the Company's market areas; changes in banking regulations or other regulatory or legislative requirements affecting the Company's business; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the continued impact on the economy and businesses of the COVID-19 pandemic.

Company Overview

  • • People's Bank is headquartered in Medford, Oregon and is the wholly owned subsidiary of PBCO Financial Corporation with 10 branches in Southern Oregon and Willamette Valley markets

  • • People's Bank is the only remaining commercial bank headquartered in Southern Oregon

  • • Highly profitable company with relationship-based model, focused on serving small and medium-sized businesses, their owners and the community

  • • People's Bank is the 4th largest bank headquartered in Oregon with $860 million in total assets

FINANCIAL SNAPSHOT

$860 million

1.47%

Headquarters:

Medford, OR

Total Assets

ROAA

Established:

1998

Employees (FTE):

140

$75 million

15.89%

Medford (2)

Tangible Common Equity

ROAE

Central Point

Ashland

Klamath Falls

8.79%

57.6%

Branch Locations:

Grants Pass

Tg. Common Equity Ratio

Efficiency Ratio

Albany

Lebanon

Salem

63.6%

3.59%

Jacksonville*

Loans / Deposits

Net Interest Margin

Chairman of the Board:

Roy Vinyard

Chief Executive Officer:

Ken Trautman

Source: S&P Capital IQ Pro and Company information; financial information for the year ended 12/31/2021 *Jacksonville branch opening in March 2022

Key Milestones

Sustained Asset Growth Since Formation

TOTAL ASSETS - SINCE FORMATION

$1,000

$800

$600

$400

$200

$-

1998

2000

Source: S&P Capital IQ Pro, financial information as of 12/31/2021 Note: All dollars in millions

2002

2004

2006

2008

2010

2012

2014

2016

2018

2020

2021

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Disclaimer

People's Bank of Commerce published this content on 27 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2022 15:16:03 UTC.