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Here are 1-3 brief analogies for PCB Bancorp:

• Like a community-focused Bank of America, specifically for the Korean-American community.
• A specialized Wells Fargo, providing banking services for the Korean-American and other minority communities.
• Think of it as a boutique JPMorgan Chase, catering primarily to the Korean-American community and small businesses.

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• Deposits: PCB Bancorp collects funds from individuals and businesses through various checking, savings, money market, and certificate of deposit accounts.
• Commercial Real Estate (CRE) Loans: The company provides financing for the acquisition, refinancing, and construction of income-producing commercial properties and owner-occupied business properties.
• Commercial & Industrial (C&I) Loans: PCB Bancorp offers loans to businesses for working capital, equipment purchases, inventory financing, and other operational needs.
• Small Business Administration (SBA) Loans: The bank provides government-guaranteed loans to help small businesses finance their operations, expansions, and real estate purchases.

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PCB Bancorp (symbol: PCB) operates as a bank holding company. As such, it does not have "major customers" in the traditional sense of selling products or services to a few large named entities. Instead, it provides a range of financial services primarily to a broad base of individuals and businesses within its target markets.

Based on its SEC filings, PCB Bancorp primarily serves the following categories of customers:

• Small-to-Medium-Sized Businesses (SMBs): These businesses are served with commercial loans (including commercial real estate and commercial & industrial loans), lines of credit, treasury management services, and various business deposit products. The bank's strategy is focused on catering to the financial needs of these enterprises within its geographic footprint.
• Individuals: The bank provides a full suite of consumer banking services to individuals, including personal checking and savings accounts, certificates of deposit (CDs), consumer loans, and residential mortgage loans.
• Professionals: Often overlapping with individuals and SMBs, this category specifically includes professionals who may require specialized banking services, business loans for their practices, and personal financial management tools. The bank's filings highlight its focus on "individuals and professionals."

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Henry Kim, President, Chief Executive Officer

Mr. Kim was appointed President, Chief Executive Officer, and a Director of PCB Bancorp and PCB Bank in January 2018. He previously served as Chief Credit Officer, Chief Operating Officer, and Corporate Secretary since the Bank's formation in September 2003. Under his leadership, the Bank expanded its branch and loan production office networks, and he successfully led the Company's public offering in August 2018. During his tenure as CEO, PCB Bank's total assets grew from $1.44 billion at December 31, 2017, to $2.42 billion at December 31, 2022, with equity increasing from $142.2 million to $335.4 million over the same period. He earned a BS in Applied Mathematics from the University of California at Santa Barbara in 1989 and is a graduate of Pacific Coast Banking School in 2012.

Timothy Chang, Executive Vice President, Chief Financial Officer

Mr. Chang has served as the Executive Vice President and Chief Financial Officer of PCB Bancorp and PCB Bank since joining the company in 2010. In this capacity, he is responsible for all aspects of financial reporting, including strategic planning, asset/liability management, taxation, and regulatory filings. Mr. Chang possesses over 22 years of commercial banking experience, having previously held positions as Executive Vice President and Chief Financial Officer of Mirae Bank, Senior Vice President and Chief Planning Officer of Hanmi Bank, and Senior Vice President, Chief Financial Officer, and Treasurer of Nara Bank. He is a Certified Public Accountant (inactive) and holds a Bachelor of Art degree in Economics from the University of California, Los Angeles.

David W. Kim, Executive Vice President, Chief Banking Officer

Mr. Kim joined PCB Bank in January 2022 as Executive Vice President and Chief Banking Officer, overseeing the Bank's retail branches and various lending units. Prior to his current role, he served as Executive Vice President and Regional President of Bank of Hope's Midwest Region from July 2019 to December 2021, and as Executive Vice President and Chief Retail Bank Officer from May 2017 to June 2019, among other leadership roles at Bank of Hope since April 2014. His extensive experience also includes serving as Executive Vice President, Chief Operating Officer, and General Counsel of United Central Bank; Executive Vice President and Chief Credit Officer of Commonwealth Business Bank; and Senior Vice President, Chief Operating Officer, and General Counsel of Wilshire State Bank, and Senior Vice President, Chief Administrative Officer, and General Counsel of Hanmi Bank.

John Aragon, Executive Vice President, Chief Information Officer

Mr. Aragon was appointed Executive Vice President and Chief Information Officer of PCB Bank in November 2023. He brings over 45 years of experience in the Southern California community banking and financial services industry, having held various roles in operations, audit, and Information Technology. His expertise encompasses IT Service Management, Core Systems, and Project Management.

Brian Bang, Executive Vice President, Chief Credit Officer

Mr. Bang has served as Executive Vice President and Chief Credit Officer of PCB Bank since January 2022. He joined the Bank in 2005 and previously held positions as Senior Vice President & Deputy Chief Credit Officer from 2014 to 2017, and Senior Vice President and Chief Credit Officer from 2018 to 2021. Before 2014, he was a Senior Loan Officer and Credit Administration Manager at PCB Bank, and also held loan officer positions at other Korean-American banks in Southern California.

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1. Nasdaq Listing Non-Compliance
   PCB Bancorp recently received a notice from Nasdaq due to the late filing of its Form 10-Q for the quarter ended March 31, 2025. This delay stems from the need for additional time to determine the value of a Securities Purchase Option Agreement. Failure to regain compliance with Nasdaq's periodic filing requirements could potentially lead to the delisting of the company's securities.
2. Credit Risk from Commercial Loan Concentration and Regional Economic Factors
   A significant portion of PCB Bancorp's loan portfolio consists of commercial loans, which inherently carry a higher degree of risk compared to other loan types. As of December 31, 2024, commercial loans represented 84.6% of the total loan portfolio. The allowance for credit losses may not be adequate to cover actual losses, particularly given that a substantial part of its commercial real estate (61%) and commercial and industrial (46%) portfolios are concentrated in Los Angeles County. Recent wildfires in this major market are anticipated to cause a spike in provisioning for loan losses in the first quarter of 2025. Additionally, weaknesses in the Los Angeles economy could lead to reduced loan growth.
3. Interest Rate Risk
   The company faces risks related to interest rate fluctuations. Inadequate models for interest rate risk and asset-liability management could result in increased or unexpected losses due to changes in market interest rates. Furthermore, if interest rates rise, the current levels of mortgage production may not be sustainable. Changing depositor behavior in a fluctuating interest rate environment can also threaten earnings and liquidity.

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The rise of digital-first challenger banks (neobanks) and online lending platforms offering more convenient, lower-cost, and technologically advanced financial services constitutes a clear emerging threat. These platforms directly compete for deposits and loans, particularly from younger, tech-savvy customers and small businesses who may prioritize digital convenience and lower fees over traditional branch banking or ethnically-specific services. This shift in consumer preference for digital channels over physical branches and the availability of streamlined online lending processes could erode PCB Bancorp's customer base and market share over time, challenging its traditional community banking model.

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Below are the addressable market sizes for PCB Bancorp's main products or services:

• Real Estate Loans (California): The market size of the Real Estate Loans & Collateralized Debt industry in California is projected to be $62.3 billion in 2025. This market has been growing at an average annual rate of 6.6% from 2020 to 2025.
• SBA Loans (California): In fiscal year 2024, California SBA loan providers funded 7,658 businesses with a total loan volume of $4.15 billion. In 2021, new lending to businesses with revenues of $1 million or less in California through loans of $1 million or less was $45.6 billion. Specifically, SBA lending in Orange County, California, was $265.3 million in 2024.

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Expected Drivers of Future Revenue Growth for PCB Bancorp (PCB)

• Loan and Deposit Growth: The company anticipates continued expansion in its loan and deposit portfolios. Recent performance highlights include an increase in total deposits by 3.2% quarter-over-quarter and 18.5% year-over-year as of September 30, 2025. Loan balances also saw a 3.1% increase to $2.4 billion in Q1 2024. This growth is fueled by a sustained focus on relationship banking and strategic expansions.
• Increased Net Interest Income: A critical driver for banks, PCB Bancorp has demonstrated effective interest rate management and loan portfolio growth, leading to increased net interest income. For example, net interest income rose by 3.8% quarter-over-quarter and 18.7% year-over-year in Q3 2025.
• Expansion into Middle-Market and Specific Niche Markets: PCB Bancorp aims to leverage its asset growth, enhanced technology, and strong brand to expand services to middle-market companies and penetrate more subsidiaries of Korean national conglomerates operating in the United States. The bank also maintains expertise in cross-border transactions and foreign exchange, supporting small to mid-sized businesses involved in international trade.
• Enhanced Technology and Operational Efficiency: The company's investment in a new core system conversion, scheduled for 2024, is expected to improve operational efficiency, functionality, and the overall customer experience through upgraded online banking and cash management capabilities. This technological enhancement is aimed at better attracting and retaining valuable customers.
• Gains from Loan Sales: Revenue growth is also expected from continued gains on the sale of loans, particularly Small Business Administration (SBA) loans. The gain on the sale of loans increased to $1.6 million in Q3 2025 from $1.5 million in the previous quarter and $750 thousand in the year-ago quarter.

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Share Repurchases

• PCB Bancorp's Board of Directors approved a stock repurchase program on August 2, 2023, authorizing the repurchase of up to 720,000 shares of the Company's outstanding common stock, representing approximately 5% of its outstanding shares.
• The program was extended on July 23, 2025, to expire on July 31, 2026.
• As of September 30, 2025, the company had repurchased a total of 397,990 shares for $7.21 million under the August 3, 2023, repurchase plan.

Share Issuance

• PCB Bancorp reported $0.00 in common stock issued for the trailing 12 months ending March 31, 2025, indicating no significant common stock issuances during that period.

Inbound Investments

• On May 24, 2022, PCB Bancorp received a capital investment through the Emergency Capital Investment Program (ECIP).
• This ECIP investment is in the form of Series C Preferred Stock, which is treated as Tier 1 capital for regulatory purposes.
• The Series C Preferred Stock carries no dividend for the first 24 months, after which the dividend rate will be adjusted based on lending growth criteria, with an annual rate of up to 2%.

Outbound Investments

• Information available does not indicate any significant strategic outbound investments made by PCB Bancorp in other companies over the last 3-5 years. The "Net change in investments - total" primarily reflects changes in investment securities.

Capital Expenditures

• PCB Bancorp is committed to ongoing investments in technology, including a new core operating system conversion in 2024 to enhance efficiency, capabilities, and the online banking experience.
• In 2024, the company developed a plan to enter new markets and consolidate or relocate select branches to improve efficiency. In the first quarter of 2025, a branch in Orange County, California, was relocated, and two branches in Orange County and two in Los Angeles were merged. A new full-service branch in Georgia is also set to open in the second quarter of 2025.
• The value of Property, Plant, and Equipment was reported as $8.28 million for the fiscal year ending December 31, 2024.