BayCom Corp (BCML) SEC Filings & Earnings Calls

Strategic repositioning of securities portfolio resulted in $6.8M loss on sale, impacting current earnings.

“Sold $106.8M of investment securities AFS, resulting in a loss of $6.8M.”

Classified assets remain elevated at $31.7M, though declined 11.1% from prior quarter.

“Classified assets declined $3.9 million, or 11.1%, to $31.7 million at quarter-end.” · word for word

Rising net charge-offs in CRE portfolio

“Net charge-offs were $2.8 million and $2.9 million for the three and six months ended June 30, 2026, compared to net charge-offs of $13,000 and $115,000 for the three and six months ended June 30, 2025, respectively.” · word for word

Deposit mix shift and outflows

“Total deposits decreased $43.7 million, or 2.0%, to $2.2 billion at June 30, 2026, compared to December 31, 2025.” · word for word

Executive transition costs and elevated provision for credit losses significantly impacted earnings

“$10.5M severance and $5.2M provision for credit losses”

Net charge-offs of $2.8M indicate credit quality deterioration

“impact of $2.8 million of net charge offs during the quarter” · word for word

No material financial risk; compensation structure is standard

“PSU program is a routine compensatory arrangement”

CRE credit deterioration

“Nonperforming assets increased $3.2 million to $16.7 million, or 0.83% of total loans, at March 31, 2026, compared to $13.4 million, or 0.65% of total loans, at December 31, 2025. The increase from the prior quarter-end was primarily due to one $4.9 million commercial real estate loan being placed on nonaccrual during the current quarter” · word for word

Loan portfolio contraction

“Total loans decreased $55.1 million, or 2.7%, to $2.0 billion at March 31, 2026 from $2.1 billion at December 31, 2025. The decrease was due to $90.5 million of loan repayments, partially offset by $34.7 million of new loan originations and $3.2 million of loan purchases.” · word for word

Leadership transition execution risk

“The Board approved a leadership transition (the “Leadership Transition”) of the Company’s senior management team as part of the Board’s assessment that the Company has reached an inflection point requiring a specific set of capabilities”

Severance cost burden

“Mr. Guarini will receive (i) a cash severance payment of $4,414,230, payable over 24 months... Ms. King and Ms. Colwell will each receive (i) a cash severance payment of $2,417,692, payable over 12 months” · word for word

Nonperforming loans increased to 0.83% of total loans from 0.65% prior quarter, indicating credit quality deterioration.

“Nonperforming loans totaled $16.7 million or 0.83% of total loans, compared to $13.4 million, or 0.65% at December 31, 2025.” · word for word

Loan demand challenging due to economic uncertainty, though pipeline improving in April.

“Though loan demand was challenging during the quarter due to economic uncertainty.” · word for word

Leadership vacuum and potential strategic disruption from simultaneous departure of CEO, COO, and CFO.

“Involuntary termination of three top executives; new appointments may signal strategic shift or internal turmoil.”

Credit risk from nonaccrual loan increase

“For the years ended December 31, 2025 and 2024, the recorded investment in individually evaluated loans on nonaccrual were $13.4 million and $9.2 million, respectively.” · word for word

Interest rate risk from AFS securities unrealized losses

“Gross unrealized losses on AFS securities $9,865k at Dec 31, 2025 vs $18,544k at Dec 31, 2024.”

Concentration risk in commercial real estate

“Commercial real estate loans $1,766,964k out of total loans $2,065,692k (85.5%) at Dec 31, 2025.”

Noninterest-bearing deposit mix declining, potentially increasing funding cost sensitivity.

“Noninterest-bearing deposits totaled $578.1 million, or 26.1% of total deposits, compared to $618.1 million, or 27.7% of total deposits, at September 30, 2025, and $689.0 million, or 30.8% of total deposits, at December 31, 2024.” · word for word

Provision for credit losses increased year-over-year, reflecting cautious credit outlook.

“Compared to the fourth quarter of 2024, net income increased $738,000... partially offset by a $653,000 increase in provision for credit losses, reflecting a provision in the current quarter compared to a reversal in the prior-year quarter.” · word for word

Credit quality deterioration

“Nonperforming assets increased $4.4 million to $13.9 million, or 0.68% of total loans, at September 30, 2025, compared to $9.5 million, or 0.48% of total loans, at December 31, 2024.” · word for word

Liquidity pressure

“Cash and cash equivalents decreased $135.6 million, or 37.2%, to $228.4 million at September 30, 2025, from $364.0 million at December 31, 2024.” · word for word

Deposit mix shift

“Noninterest-bearing demand deposits decreased $70.9 million, or 10.3%, to $618.1 million at September 30, 2025, compared to $689.0 million at December 31, 2024.”