BCMLMEDIUM SIGNALOPERATIONAL10-K

BayCom consolidated its branch network from 35 to 34 locations while maintaining stable deposit levels and expanding its loan portfolio composition toward originated loans.

The branch closure (one Washington location) suggests operational efficiency improvements, while the shift from 15.3% to 10.9% acquired loans indicates the bank is successfully growing its originated loan book, which typically carries better margins and risk profiles. The maintained deposit base of $2.2 billion despite fewer branches demonstrates effective customer retention and market positioning.

Comparing 2026-03-16 vs 2025-03-14View on EDGAR →
FINANCIAL ANALYSIS

Interest expense increased meaningfully to $40.6 million from $28.5 million, reflecting the higher rate environment's impact on funding costs. Share buybacks declined modestly to $6.9 million from $9.2 million, suggesting a more conservative capital allocation approach. The overall financial picture shows a bank adapting to rate pressures while maintaining growth in core lending operations.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+42.5%
$28.5M→$40.6M

Interest expense surged 42.5% — significant debt increase or rising rates materially impacting earnings.

Share Buybacks
Cash Flow
-25.3%
$9.2M→$6.9M

Buyback activity reduced 25.3% — capital being redeployed elsewhere or cash conservation underway.

LANGUAGE CHANGES
NEW — 2026-03-16
PRIOR — 2025-03-14
ADDED
In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this Form 10-K might not occur, and we caution readers not to place undue reliance on any forward-looking statements.
BayCom s wholly owned banking subsidiary, United Business Bank, provides a broad range of financial services to businesses and business owners, as well as individual consumers, through its network of 34 full-service branches, with 16 locations in California, one in Nevada, one in Washington, five in New Mexico and 11 in Colorado.
These markets have offered significant opportunities to expand our commercial client base, increase interest-earning assets, and enhance market share.
As of December 31, 2025, we had, on a consolidated basis, assets of $2.6 billion, loans of $2.0 billion (net of allowances), deposits of $2.2 billion and shareholders equity of $338.6 million.
At that date, our total loan portfolio included $224.9 million, or 10.9%, of acquired loans (all of which were recorded to their estimated fair values at the time of acquisition), and the remaining $1.8 billion, or 89.1%, consisted of loans we originated.
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REMOVED
In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this Form 10-K might not occur, and you should not put undue reliance on any forward-looking statements.
We caution readers not to place undue reliance on any forward-looking statements.
BayCom s wholly owned banking subsidiary, United Business Bank, provides a broad range of financial services to businesses and business owners as well as individuals through its network of 35 full-service branches, with 16 locations in California, one in Nevada, two in Washington, five in New Mexico and 11 in Colorado.
These markets offer significant opportunities to expand our commercial client base, increase interest-earning assets, and enhance market share.
As of December 31, 2024, we had, on a consolidated basis, assets of $2.7 billion, loans of $1.9 billion (net of allowances), deposits of $2.2 billion and shareholders equity of $324.4 million.
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