WALNUT CREEK, Calif., Oct. 26, 2017 (GLOBE NEWSWIRE) -- BayCom Corp, “Company”, (OTCBB:BCML), and its wholly owned subsidiary, United Business Bank, “Bank”, announced quarterly earnings of $3.2 million in the third quarter of 2017, compared to $1.5 million in the second quarter of 2017 and $1.4 million in the first quarter of 2017. Diluted earnings per share were $0.47 in the third quarter, compared to $0.27 in the prior quarter and $0.22 in the same quarter a year ago. Year-to-date earnings of $6.1 million compared to $2.9 million for the same nine-month period a year ago. Diluted earnings per share were $0.98 in the first nine months of 2017, an increase from $0.74 for the same period in 2016. The higher earnings per share in the third quarter 2017 compared to the second quarter 2017 is attributed to lower operating expenses partially and non-recurring gains on payoff of purchase credit impaired loans partially offset by lower gains on sale of loans.
President and Chief Executive Officer, George J. Guarini stated, “We are pleased to report our third quarter 2017 financial performance as this is the first full quarter of on-going operating results without any non-recurring charges since our merger in April 2017. We are pleased with our continuing success in the SBA lending market and expect to see continuing growth in earnings from SBA.”
Mr. Guarini added, “With the UBB core processing conversion now behind us and our document imaging nearing completion, we are preparing to close our merger with Plaza Bank, Seattle, Washington. The closing on November 3rd will add to our Seattle market presence. We find ourselves in the familiar position of looking for new opportunities and anticipate that the M&A environment will allow us to improve scale, move toward a liquid security and significantly expand our geographical market reach.”
Company also provided the following highlights on its operating and financial performance for the third quarter of 2017:
- Loans totaled $853.9 million at September 30, 2017, compared to $859.3 million at June 30, 2017 and $504.9 million at September 30, 2016. New loan volume was approximately $49.2 million in the third quarter of 2017 compared to $42.2 million in the second quarter.
- Deposits totaled $1,054.5 million at September 30, 2017 compared to $1,031.8 million at June 30, 2017 and $535.7 million at September 30, 2016. Non-interest bearing deposits represent 29.1% of total deposits and the cost of total deposits decreased to 0.53%.
- Non-accrual loans represented 0.02% of total loans as of September 30, 2017 resulting in a Texas ratio of 0.41%. The provision for loan losses recorded in the quarter totaled $57.8 thousand.
- All capital ratios are well above regulatory requirements for a well-capitalized institution. The Bank’s total risk-based capital ratio was 12.70% at September 30, 2017 compared to 12.15% at June 30, 2017, and tangible common equity to tangible assets increased to 8.70% at September 30, 2017 from 8.61% at June 30, 2017.
Loans and Credit Quality
Loan originations in the third quarter of 2017 were spread throughout our markets with the majority focused in Solano, Contra Costa and San Mateo Counties. By loan type, owner-user real estate, investor real estate and residential real estate accounted for the majority of the new loan volume for the quarter.
Year-to-date loan 2017 originations of $91.4 million are slightly lower compared to the same period in 2016 of $92.5 million while year-to-date payoffs in 2017 are slightly lower than the same period in 2016. Payoffs totaling $14.9 million in the quarter ended September 30, 2017 were primarily the result of property sales or planned events.
Non-accrual loans totaled $186.6 thousand or 0.02% of the loan portfolio at September 30, 2017, compared to $368 thousand, or 0.04%, at June 30, 2017 and $1.5 million, or 0.29% a year ago. The decrease in non-accrual loans from a year ago primarily relates to repayment on delinquent loans. Accruing loans past due 30 to 89 days totaled zero at September 30, 2017, compared to $654 thousand at June 30, 2017 and $751 thousand a year ago.
The provision for loan losses recorded in the third quarter of 2017 totaled $57.8 thousand as the quality of the loan portfolio did not warrant a higher provision. Net charge-offs for the third quarter totaled $45.3 thousand compared to small recoveries in the prior quarter and in the same quarter a year ago. The ratio of loan loss reserve to loans totaled 0.48% at September 30, 2017 compared to 0.47% at June 30, 2017 and compared to 0.84% at September 30, 2016. As of September 30, 2017, acquired loans totaling $372.3 million are coved by mark to market valuations totaling $7.3 million.
Investments and Borrowings
The investment portfolio, including Bank Owned Life Insurance totaled $66.3 million at September 30, 2017, an increase of $4.4 million from June 30, 2017 mainly due to an increase in the Bank Owned Life Insurance investment and to a lesser extent the purchase of certain CRA qualifying investments.
Deposits
Deposits totaled $1,054.5 million at September 30, 2017, compared to $1,031.8 million at June 30, 2017 and $568.7 million at September 30, 2016. While day-to-day volatility continues due to the normal business activity of our customers, the trend is upward in both average and ending balances. Non-interest bearing deposits totaled $307.1 million, or 29.1% of total deposits, compared to 30.2% at June 30, 2017 and 24.0% at September 30, 2016.
Earnings
Net interest income totaled $31.3 million in the first nine months of 2017 compared to $21.7 million for the same period of 2016. The increase of $9.6 million was primarily due to a combination of an increase in average earning assets of $307.7 million and an increase in gain on repayment of acquired loans.
Net interest income totaled $13.1 million in the third quarter of 2017, compared to $10.7 million in the prior quarter and $7.1 million in the same quarter a year ago. Net interest income increased $2.4 thousand in the third quarter compared to the prior quarter partially due to higher average earnings assets and higher gains on payoffs of Purchased Credit Impaired ("PCI") loans in the third quarter of 2017 compared to the second quarter of 2017.
The net interest margin was 4.05% in the third quarter of 2017, compared to 3.95% in the prior quarter and 4.14% in the same quarter a year ago. The increase from last quarter includes 19 basis points related to gain on payoffs of PCI loans.
Loans acquired through the acquisition of other banks are classified as PCI or non-PCI loans and are recorded at fair value at acquisition date. For acquired loans not considered credit impaired, the level of accretion varies due to maturities and early payoffs. Accretion on PCI loans fluctuates based on changes in cash flows expected to be collected. Gains on payoffs of PCI loans are recorded as interest income when the payoff amounts exceed the recorded investment. PCI loans totaled $13.8 million, $14.4 million, and $8.9 million at September 30, 2017, June 30, 2017 and September 30, 2016, respectively.
Accretion and gains on payoffs of purchased loans recorded to interest income were $1.5 million for the third quarter 2017 compared to $663 thousand for the second quarter 2017 and $2.7 million for the nine months ended 2017.
Non-interest income in the third quarter of 2017 totaled $1.1 thousand, compared to $1.6 million in the prior quarter and $339 thousand in the same quarter a year ago. The decrease compared to the prior quarter primarily relates to a decline in gain on sale of loans in the third quarter of 2017 compared to the second quarter of 2017. The increase from the same quarter last year is primarily due to gain on sale of loans and higher servicing income.
Non-interest expense totaled $7.5 million in the third quarter of 2017 down from the prior quarter but higher from the same quarter a year ago. The second quarter of 2017 was higher due to the one-time recognition of merger related expenses. The increase from the same quarter in 2016 was due to higher operating costs due to the merger including an increase in the number of employees, branch offices and data processing charges as a result of higher volume.
About BayCom Corp
The Bank offers a full-range of loans, including SBA, FSA and USDA guaranteed loans, and deposit products and services to businesses and its affiliates throughout the Greater Bay Area. The Bank also offers business escrow services and facilitates tax free exchanges through its Bankers Exchange Division. The Bank is an Equal Housing Lender and member FDIC. The Company is traded Over the Counter Bulletin Board under the symbol “BCML”. For more information, go to www.unitedbusinessbank.com.
Forward-Looking Statements
This release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact Bank's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, economic uncertainty in the United States and abroad, changes in interest rates, deposit flows, real estate values, costs or effects of future acquisitions, competition, changes in accounting principles, policies or guidelines, legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors (including external fraud and cyber-security threats) affecting Bank's operations, pricing, products and services. These and other important factors are detailed in various securities law filings made periodically by Bank, copies of which are available from Bank without charge. The Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
| FINANCIAL HIGHLIGHTS | |||||||||||||||||||
| September 30, 2017 | June 30, 2017 | March 31, 2017 | September 30, 2016 | ||||||||||||||||
| Quarter-To-Date | |||||||||||||||||||
| Net Income | $ | 3,181,703 | $ | 1,501,413 | $ | 1,416,266 | $ | 1,206,950 | |||||||||||
| Diluted Earnings Per Common Share | $ | 0.47 | $ | 0.27 | $ | 0.26 | $ | 0.22 | |||||||||||
| Return On Average Assets (ROA) | 1.08 | % | 0.60 | % | 0.83 | % | 0.77 | % | |||||||||||
| Return On Average Equity (ROE) | 11.99 | % | 6.24 | % | 7.17 | % | 6.52 | % | |||||||||||
| Efficiency Ratio | 63.92 | % | 73.91 | % | 63.82 | % | 63.87 | % | |||||||||||
| Net Interest Margin | 4.24 | % | 3.99 | % | 3.91 | % | 4.14 | % | |||||||||||
| Net Charge-Offs/(Recoveries) | $ | 57,031 | $ | (5,250 | ) | $ | (6,503 | ) | $ | (4,173 | ) | ||||||||
| Net Charge-Offs/(Recoveries) To Average Loans | 0.01 | % | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||||
| Year-To-Date | |||||||||||||||||||
| Net Income | $ | 6,099,382 | $ | 2,917,679 | $ | 1,416,266 | $ | 4,011,039 | |||||||||||
| Diluted Earnings Per Common Share | $ | 0.98 | $ | 0.53 | $ | 0.26 | $ | 0.74 | |||||||||||
| Return On Average Assets (ROA) | 0.85 | % | 0.69 | % | 0.83 | % | 1.26 | % | |||||||||||
| Return On Average Equity (ROE) | 8.63 | % | 6.66 | % | 7.17 | % | 10.91 | % | |||||||||||
| Efficiency Ratio | 65.23 | % | 69.95 | % | 63.82 | % | 64.32 | % | |||||||||||
| Net Interest Margin | 4.05 | % | 3.95 | % | 3.96 | % | 4.14 | % | |||||||||||
| Net Charge-Offs/(Recoveries) | $ | 45,278 | $ | (11,753 | ) | $ | (6,503 | ) | $ | (8,048 | ) | ||||||||
| Net Charge-Offs/(Recoveries) To Average Loans | 0.01 | % | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||||
| At Period End | |||||||||||||||||||
| Total Assets | $ | 1,185,520,515 | $ | 1,155,943,167 | $ | 697,397,629 | $ | 641,773,583 | |||||||||||
| Loans: | |||||||||||||||||||
| Real Estate | $ | 753,227,054 | $ | 761,120,570 | $ | 461,299,207 | $ | 443,545,296 | |||||||||||
| Non-real estate | 106,816,202 | 107,092,657 | 73,570,589 | 66,098,087 | |||||||||||||||
| Loans Held for Sale | 1,490,434 | - | 4,383,428 | - | |||||||||||||||
| Non-accrual loans | 186,551 | 367,795 | 991,755 | 1,909,952 | |||||||||||||||
| Mark to market on acquired loans | (7,863,687 | ) | (9,261,310 | ) | (4,717,212 | ) | (6,636,817 | ) | |||||||||||
| Total Loans | $ | 853,856,554 | $ | 859,319,712 | $ | 535,527,767 | $ | 504,916,518 | |||||||||||
| Classified Assets (Graded Substandard and Doubtful) | $ | 6,639,265 | $ | 7,164,099 | $ | 8,644,709 | $ | 9,150,090 | |||||||||||
| Total Accruing Loans 30-89 Days Past Due | $ | - | $ | 654,483 | $ | - | $ | 228,000 | |||||||||||
| Loan Loss Reserve To Loans | 0.48 | % | 0.47 | % | 0.73 | % | 0.84 | % | |||||||||||
| Loan Loss Reserve to Non-accrual loans | 2184.39 | % | 1107.95 | % | 395.76 | % | 220.95 | % | |||||||||||
| Non-Accrual Loans To Total Loans | 0.02 | % | 0.04 | % | 0.19 | % | 0.38 | % | |||||||||||
| Texas Ratio | 0.41 | % | 0.59 | % | 2.45 | % | 2.42 | % | |||||||||||
| Total Deposits | $ | 1,054,482,651 | $ | 1,031,780,780 | $ | 609,952,562 | $ | 535,660,525 | |||||||||||
| Loan-To-Deposit Ratio | 80.97 | % | 83.29 | % | 87.80 | % | 95.50 | % | |||||||||||
| Stockholders' Equity | $ | 107,394,795 | $ | 104,017,747 | $ | 79,579,734 | $ | 74,555,843 | |||||||||||
| Book Value Per Share | $ | 15.63 | $ | 15.20 | $ | 14.50 | $ | 13.71 | |||||||||||
| Tangible Common Equity To Tangible Assets | 8.74 | % | 8.61 | % | 11.32 | % | 11.48 | % | |||||||||||
| Total Risk-Based Capital Ratio-Bank | 12.70 | % | 12.15 | % | 13.99 | % | 13.65 | % | |||||||||||
| Full-Time Equivalent Employees | 148 | 152 | 105 | 106 | |||||||||||||||
| BAYCOM CORP | |||||||||||
| STATEMENT OF CONDITION (UNAUDITED) | |||||||||||
| At September 30, 2017, June 30, 2017, March 31, 2017, and December 31, 2016 | |||||||||||
| September 30, 2017 | June 30, 2017 | March 31, 2017 | December 31, 2016 | ||||||||
| Assets | |||||||||||
| Cash and due from banks | $ | 242,518,078 | $ | 201,181,847 | $ | 125,531,611 | $ | 128,684,416 | |||
| Investments, including Bank Owned Life Insurance policies | 66,328,078 | 61,894,919 | 24,690,663 | 26,393,451 | |||||||
| Loans, net of allowance for loan losses and deferred fees | 841,132,083 | 854,640,346 | 531,441,926 | 504,264,026 | |||||||
| Bank premises and equipment, net | 8,549,480 | 8,527,362 | 1,008,798 | 1,106,030 | |||||||
| Core deposit premium | 4,664,166 | 4,941,677 | 719,372 | 802,436 | |||||||
| Goodwill | 9,125,500 | 9,125,500 | |||||||||
| Interest receivable and other assets | 13,203,130 | 15,631,516 | 14,005,259 | 14,048,162 | |||||||
| Total assets | $ | 1,185,520,515 | $ | 1,155,943,167 | $ | 697,397,629 | $ | 675,298,520 | |||
| Liabilities and Stockholders' Equity | |||||||||||
| Liabilities | |||||||||||
| Deposits | |||||||||||
| Non-interest bearing | $ | 307,107,386 | $ | 311,522,277 | $ | 142,436,582 | $ | 128,696,712 | |||
| Interest bearing | |||||||||||
| MMA/NOW/SVG | 387,663,055 | 376,952,820 | 125,059,037 | 128,970,967 | |||||||
| Premium MM | 154,741,721 | 146,783,810 | 178,197,667 | 171,947,166 | |||||||
| Time Deposits | 204,970,489 | 196,521,873 | 164,259,276 | 161,143,915 | |||||||
| Total deposits | 1,054,482,651 | 1,031,780,780 | 609,952,562 | 590,758,760 | |||||||
| Other borrowings | 6,000,000 | 6,000,000 | - | - | |||||||
| Trust Preferred Subordinated Debentures, net | 5,371,886 | 5,356,954 | - | - | |||||||
| Interest payable and other liabilities | 12,271,183 | 8,787,686 | 7,865,333 | 6,476,580 | |||||||
| Total liabilities | 1,078,125,720 | 1,051,925,420 | 617,817,895 | 597,235,340 | |||||||
| Stockholders' Equity | |||||||||||
| Common stock, no par value | 69,524,425 | 69,393,816 | 47,632,398 | 47,540,808 | |||||||
| Retained earnings | 37,703,318 | 34,521,615 | 31,850,203 | 30,433,937 | |||||||
| Accumulated other comprehensive income | 167,052 | 102,316 | 97,133 | 88,434 | |||||||
| Total stockholders' equity | 107,394,795 | 104,017,747 | 79,579,734 | 78,063,179 | |||||||
| Total liabilities and stockholders' equity | $ | 1,185,520,515 | $ | 1,155,943,167 | $ | 697,397,629 | $ | 675,298,520 | |||
| BAYCOM CORP | ||||||||||||||||||||||||||
| STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) | ||||||||||||||||||||||||||
| Three months ended | Nine months ended | Year Ended | ||||||||||||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | December 31, | |||||||||||||||||||||
| 2017 | 2017 | 2016 | 2017 | 2016 | 2016 | |||||||||||||||||||||
| Interest income | ||||||||||||||||||||||||||
| Interest - Non RE loans | $ | 1,400,645 | $ | 1,304,685 | $ | 892,219 | $ | 3,679,128 | $ | 2,704,743 | $ | 3,542,281 | ||||||||||||||
| Interest - RE loans | 9,224,331 | 8,130,506 | 5,520,245 | 22,829,478 | 16,099,695 | 21,496,827 | ||||||||||||||||||||
| Interest on investment securities | 242,329 | 480,813 | 150,635 | 407,404 | 579,127 | 809,398 | ||||||||||||||||||||
| Interest on Federal funds sold and other bank deposits | 774,897 | 137,908 | 119,092 | 1,624,148 | 282,603 | 422,510 | ||||||||||||||||||||
| Mark to market accretion and FAS 91 Fee amortization | 1,489,191 | 663,306 | 438,906 | 2,709,995 | 2,063,693 | 3,354,471 | ||||||||||||||||||||
| Total interest income | $ | 13,131,393 | $ | 10,717,218 | $ | 7,121,097 | $ | 31,250,153 | $ | 21,729,861 | $ | 29,625,487 | ||||||||||||||
| Interest expense | ||||||||||||||||||||||||||
| Interest on transaction accounts | 457,976 | 466,358 | 392,029 | 1,375,481 | 1,134,176 | 1,597,440 | ||||||||||||||||||||
| Interest on time deposits | 530,131 | 504,618 | 366,532 | 1,501,873 | 1,026,771 | 1,476,134 | ||||||||||||||||||||
| Premium on core deposits | 277,511 | 212,696 | 105,000 | 573,270 | 315,000 | 398,064 | ||||||||||||||||||||
| Interest on borrowings and subordinated debentures | 151,432 | 100,955 | - | 252,386 | - | - | ||||||||||||||||||||
| Total interest expense | $ | 1,417,050 | $ | 1,284,627 | $ | 863,561 | $ | 3,703,010 | $ | 2,475,947 | $ | 3,471,638 | ||||||||||||||
| Net interest income | 11,714,343 | 9,432,591 | 6,257,536 | 27,547,143 | 19,253,914 | 26,153,849 | ||||||||||||||||||||
| Provision for loan losses | 57,832 | 143,949 | 255,801 | 345,278 | 617,754 | 598,463 | ||||||||||||||||||||
| Net interest income after provision for loan losses | $ | 11,656,511 | $ | 9,288,642 | $ | 6,001,735 | $ | 27,201,865 | $ | 18,636,160 | $ | 25,555,386 | ||||||||||||||
| Non-interest income | ||||||||||||||||||||||||||
| Loan fee income | 150,044 | 252,777 | 109,232 | 459,743 | 251,926 | 331,336 | ||||||||||||||||||||
| Service charge income | 76,944 | 60,006 | 52,788 | 184,918 | 169,700 | 227,904 | ||||||||||||||||||||
| Other fees & service charges | 302,806 | 238,967 | 88,865 | 636,322 | 278,814 | 379,132 | ||||||||||||||||||||
| Gain on sale of loans | 436,483 | 875,434 | - | 1,711,917 | - | - | ||||||||||||||||||||
| Other income | 117,120 | 201,823 | 88,412 | 455,046 | 286,618 | 420,166 | ||||||||||||||||||||
| Total non-interest income | $ | 1,083,397 | $ | 1,629,007 | $ | 339,297 | $ | 3,447,946 | $ | 987,058 | $ | 1,358,538 | ||||||||||||||
| Non-interest expense | ||||||||||||||||||||||||||
| Salaries and benefits | 4,685,663 | 3,946,848 | 2,676,450 | 11,714,767 | 8,083,638 | 10,610,511 | ||||||||||||||||||||
| Occupancy | 931,229 | 790,103 | 518,447 | 2,290,723 | 1,600,340 | 2,147,472 | ||||||||||||||||||||
| Professional | 157,835 | 461,219 | 187,086 | 749,026 | 602,041 | 773,073 | ||||||||||||||||||||
| Insurance | 156,774 | 121,626 | 115,490 | 356,428 | 313,538 | 349,072 | ||||||||||||||||||||
| Data processing | 813,767 | 2,073,766 | 352,171 | 3,247,429 | 1,031,213 | 1,386,115 | ||||||||||||||||||||
| Office | 334,710 | 310,137 | 173,641 | 811,594 | 500,008 | 670,759 | ||||||||||||||||||||
| Marketing | 206,660 | 156,373 | 68,035 | 418,026 | 182,759 | 269,576 | ||||||||||||||||||||
| Net Loan expenses | 40,378 | 127,219 | 64,782 | 218,590 | 100,782 | 118,630 | ||||||||||||||||||||
| Other miscellaneous | 161,089 | 188,045 | 57,380 | 410,897 | 174,758 | 241,279 | ||||||||||||||||||||
| Total non-interest expense | $ | 7,488,105 | $ | 8,175,336 | $ | 4,213,482 | $ | 20,217,480 | $ | 12,589,077 | $ | 16,566,487 | ||||||||||||||
| Income before provision for income taxes | 5,251,803 | 2,742,313 | 2,127,550 | 10,432,331 | 7,034,141 | 10,347,437 | ||||||||||||||||||||
| Provision for income taxes | 2,070,100 | 1,240,900 | 920,600 | 4,332,950 | 3,023,100 | 4,435,500 | ||||||||||||||||||||
| Net income | $ | 3,181,703 | $ | 1,501,413 | $ | 1,206,950 | $ | 6,099,382 | $ | 4,011,039 | $ | 5,911,936 | ||||||||||||||
| Net income per common share: | ||||||||||||||||||||||||||
| Basic | $ | 0.47 | $ | 0.27 | $ | 0.23 | $ | 0.99 | $ | 0.75 | $ | 1.10 | ||||||||||||||
| Diluted | $ | 0.47 | $ | 0.27 | $ | 0.22 | $ | 0.98 | $ | 0.73 | 1.09 | |||||||||||||||
| Weighted average shares used to compute net income per common share: | ||||||||||||||||||||||||||
| Basic | 6,790,001 | 5,572,643 | 5,359,762 | 6,187,178 | 5,359,762 | 5,392,597 | ||||||||||||||||||||
| Diluted | 6,800,956 | 5,625,756 | 5,377,257 | 6,197,577 | 5,377,257 | 5,433,719 | ||||||||||||||||||||
| Comprehensive income: | ||||||||||||||||||||||||||
| Net income | $ | 3,181,703 | $ | 1,501,413 | $ | 1,206,950 | $ | 6,099,382 | $ | 4,011,039 | $ | 5,911,936 | ||||||||||||||
| Other comprehensive income | ||||||||||||||||||||||||||
| Change in net unrealized gain (loss) on available-for-sale securities | 110,002 | 8,807 | (26,982 | ) | 124,605 | 87,553 | (231,687 | ) | ||||||||||||||||||
| Deferred tax expense (benefit) | (45,266 | ) | (3,624 | ) | 2,959 | (45,987 | ) | (44,573 | ) | 198,493 | ||||||||||||||||
| Other comprehensive income (loss), net of tax | 64,736 | 5,183 | (24,023 | ) | 78,618 | 42,980 | (33,194 | ) | ||||||||||||||||||
| Comprehensive income | $ | 3,246,439 | $ | 1,506,596 | $ | 1,182,927 | $ | 6,178,000 | $ | 4,054,019 | $ | 5,878,742 | ||||||||||||||
BayCom Corp
Keary Colwell, 925-476-1800
kcolwell@ubb-us.com