Investor Presentaiton

Strong Asset Quality 15.00% 13.00% 11.00% 9.00% 7.00% 5.00% 3.00% 3Q20 CLASSIFIED ASSETS ALLOWANCE FOR CREDIT LOSSES (ACL)* $100 1.90% $100 1.70% $80 $80 1.50% $60 $60 1.30% $40 $40 1.10% $20 $20 0.90% $0 $0 3Q20 4Q20 1Q21 2Q21 4Q20 1Q21 2Q21 3Q21 ACL in $ Millions (right) Peer Average (left) 3Q21 ACL/Total Loans, excl PPP (left) Classified Assets + OREO (right) Classified Assets + OREO/Tier 1 Capital + ACL (left) Peer Average (left) * Excludes the PPP loan portfolio from total loans. NON PERFORMING LOANS 0.50% 5.00% $100 0.40% 4.00% $80 0.30% 3.00% $60 0.20% 2.00% $40 1.00% $20 0.10% 0.00% 0.00% $0 3Q20 4Q20 1Q21 2Q21 NET CHARGE-OFFS $100 $80 $60 $40 $20 $0 3Q21 3Q20 4Q20 INPLs in $ Millions (right) 1Q21 2Q21 NPL/Total Loans (left) 3Q21 Peer Average (left) Net Charge-offs in $ Millions (right) Peer Average (left) NCO/Avg Loans (left) Central Pacific Financial Corp. Note: Peer Average includes banks $3-10B in assets. Source S&P Global. 17 12

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