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Monterey County Bank

Monterey, CA · Cert 22460 · PCB Financial Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=751 to 755). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

18

Q2 2024Q2 2026peer median (50)

Asset Quality

54

Q2 2024Q2 2026peer median (50)

Profitability

14

Q2 2024Q2 2026peer median (50)

Liquidity

71

Q2 2024Q2 2026peer median

Efficiency

2

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Monterey County Bank

Monterey, CA · Cert 22460 · PCB Financial Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$300.4MAssets
$161.6MLoans
$232.6MDeposits
$32.8MEquity
Loan mix
92%RE $139.5M8%C&I $12.0M0%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $193.1M17%Noninterest $39.5MQ2 2025Q2 2026

NIM

3.53%Q2 ’244.83%Q2 ’255.50%Q2 ’26+64%+14%

Non-interest income vs. expense

3.19%Q2 ’244.92%Q2 ’254.48%Q2 ’26+55%-8%

Market Position · Salinas, CA · 2026 SOD (annual) · 2.0% share · #9 of 13 inst. · $0.2B of $11.9B

Executive Summary

  • Earnings: ROA of -0.96%, up 95 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.24% of loans (-98 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 8.38%, down 162 bps from a year ago.
  • Funding: loans stand at 69.49% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.96%+95 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+44 bps YoY

Efficiency Ratio (YTD, annualized)

117.88%-2,638 bps YoY

Tier 1 Leverage Ratio

8.38%-162 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.91%-1.66%-1.41%0.05%-0.96%+95 bps
Return on Equity-15.94%-13.78%-11.91%0.42%-8.59%+735 bps
Net Interest Margin3.06%3.13%3.07%3.48%3.50%+44 bps
Efficiency Ratio144.27%135.83%125.69%91.37%117.88%-2,638 bps
Non-Interest Burden4.58%4.36%3.99%3.24%4.21%-36 bps
Growth
Asset Growth (YoY)26.00%11.19%24.86%22.17%22.32%-367 bps
Loan Growth (YoY)62.75%70.35%76.61%49.14%45.10%-1,765 bps
Deposit Growth (YoY)17.35%16.78%20.95%15.98%20.34%+299 bps
Asset Quality
Nonperforming Loans / Loans1.22%0.00%0.00%0.01%0.24%-98 bps
Net Charge-Offs / Loans7.31%4.45%2.69%-0.01%0.03%-729 bps
Allowance / Loans1.20%1.18%1.19%1.24%1.20%0 bps
Allowance Coverage of NPLs1.0xn/an/a98.7x4.9x+4.0x
Capital
Tier 1 Leverage Ratio10.00%10.35%9.91%9.47%8.38%-162 bps
Total Risk-Based Capital10.00%10.35%9.91%9.47%8.38%-162 bps
Equity / Assets11.11%12.13%11.34%11.17%10.91%-20 bps
Liquidity & Funding
Loans / Deposits57.63%60.68%72.55%68.73%69.49%+1,186 bps
Liquid Assets / Assets8.38%7.83%5.33%10.32%7.40%-98 bps
CRE / Total Capitaln/a382%479%455%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Monterey County Bank

Monterey, CA · Cert 22460 · Peer group: banks under $1B in assets operating in a single state (n=751-755) · PCB Financial Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$300.4MAssets
$161.6MLoans
$232.6MDeposits
$32.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 62% of banks under $1B in assets operating in a single state (rank 284 of 751).
  • Widest gap: total risk-based capital ratio trails 100% of banks under $1B in assets operating in a single state (rank 754 of 755).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

-0.94%

Rank 744 of 755

Net Interest Margin

3.50%

Rank 451 of 755

Efficiency Ratio

122.66%

Rank 742 of 755

Equity / Assets

10.91%

Rank 342 of 755

Non-interest income vs. expense

$0.8M$13.3MINCOMEEXPENSE
Unfavorable gap of $12.5M · efficiency ratio beats 2% of banks under $1B in assets operating in a single state
Bank 122.66%Peer median 64.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.94%0.72%1.06%1.45%Beats 1%744 / 755
Return on Equity-8.58%6.66%10.44%13.61%Beats 1%748 / 755
Net Interest Margin3.50%3.15%3.68%4.17%Beats 40%451 / 755
Efficiency Ratio122.66%55.75%64.78%75.61%Beats 2%742 / 755
Asset Quality
Nonperforming Loans / Loans0.24%0.09%0.42%1.05%Beats 62%284 / 751
Net Charge-Offs / Loans0.02%0.00%0.01%0.05%Beats 45%411 / 751
Capital
Tier 1 Capital Ratio8.38%11.56%13.81%17.74%Beats 0%753 / 755
Total Risk-Based Capital Ratio8.38%11.72%14.46%18.53%Beats 0%754 / 755
Equity / Assets10.91%8.93%10.56%13.13%Beats 55%342 / 755
Liquidity & Funding
Loans / Deposits69.49%62.43%78.62%91.00%33rd pctl507 / 755
Loans / Assets53.80%54.70%67.27%76.55%24th pctl576 / 755
Brokered Deposits / Depositsn/aNot reported for this institution