Investor Presentaiton
COVID-19 CRISIS
Operations Continued with Minimal Disruption
✓ All locations remained open with modified operations and limited interior branch access
✓ Able to quickly convert to remote work environment due to existing cloud network configurations
Most staff have returned to the office but remote working is still being utilized as necessary and appropriate. Schools have started to reopen and vaccines are being
rolled out quickly, allowing more employees to return safely to the office.
Robust electronic delivery channels already in place for clients
Local Economy
Restaurants remain open for outdoor service and have generally been able to adapt with the added benefit of expanded indoor service as Santa Barbara
and San Luis Obispo counties have recently moved to the Orange Tier. Our warm weather has allowed restaurants to remain busy. With limited air travel,
our communities have attracted people from out of town to enjoy 'time away' which has helped local hospitality and tourism industry.
✓ Local residential real estate and mortgage volume has been robust as part of the migration out of cities and into our more rural communities
Impact on office CRE is still to be determined as 'work from home' reduces the demand for office space
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