Investor Presentaiton

Earnings FINANCIAL HIGHLIGHTS 1.07% ROA and 12.34% ROE for the 1st quarter of 2021 with record quarterly net income of almost $2.6 million. Net income of $7.4 million for 2020, compared to $6.4 million for 2019, an increase of 15%. " Earnings per ■ share $0.50 for Q1 2021 and $1.46 for 2020, compared to $1.31 for 2019, an increase of 12% Profitable each year since 2010 Performance Net interest margin of 3.78% for Q1 2021 and 3.97% for 2020, compared to 4.24% for 2019 Efficiency ratio of 59% in Q1 2021 and 65% for 2020, compared to 67% for 2019. Efficiency ratio has benefitted from increased scale from expansion into SLO County. Total deposits of $983 million, an increase of $111 million or 11%, from December 31, 2020 " Deposits " 56% of deposits are transaction and 41% are non-interest bearing Cost of deposits of 0.11% for Q1 2021, compared to 0.14% for Q4 2020, 0.16% in Q3 2020 and 0.28% for Q2 2019 Loans ■ Credit Quality Capital " " " " Gross loans of $781 million, including $119 million in PPP loans, an increase of $55 million, or 8%, from December 31, 2020 Loan deposit ratio of 79%, and 67% excluding PPP loans Yield on loans of 4.76% in Q1 2021, compared to 5.04% for Q4 2020, 4.69% for Q3 2020 and 4.79% in Q2 2020 Total loans on deferral of $14.3 million as of March 31, 2021, representing 2.17% of total loans excluding PPP - compared with $108 million as of June 30, 2020 Nonperforming assets of $3.6 million, or 0.33% of total assets, as of March 31, 2021 Loan loss reserve of $8.8 million, which represents 1.13% of gross loans and 1.33% of gross loans excluding PPP loans Tangible common equity ratio of 7.59%, leverage ratio of 8.21%, and risk-based capital ratio of 12.55% at March 31, 2021 $8.5 million Common Stock offering completed in March 2019 at market price of $18 per share Source: Unaudited company information, call reports and press releases, as of 3/3/1/2021 14

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