Core Viewpoint - Private Bancorp of America, Inc. has announced a stock repurchase program, authorizing up to $5 million for share repurchases through various transactions until December 31, 2025 [1] Company Overview - Private Bancorp of America, Inc. is the holding company for CalPrivate Bank, which operates in multiple locations including Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and soon Montecito, alongside digital banking services [2] - CalPrivate Bank focuses on high-net-worth individuals, professionals, closely-held businesses, and real estate entrepreneurs, providing a personalized banking experience and leveraging technology to meet client needs [2] - The bank has received high customer service ratings, scoring almost three times higher than the median domestic bank, and has been recognized as the 10th best bank in the U.S. and the top bank in its asset class for return on assets (ROA) and return on equity (ROE) [2] - CalPrivate Bank is also ranked in the top 5% of banks in the U.S. with assets between $2 billion and $10 billion, and has received a 5-star rating from Bauer Financial [2]

Core Insights - Private Bancorp of America, Inc. has appointed Angel Martinez to the board of its subsidiary, CalPrivate Bank, enhancing its leadership team with extensive experience in the footwear industry [1][2]. Company Overview - Private Bancorp of America, Inc. (OTCQX: PBAM) is the holding company for CalPrivate Bank, which operates in multiple locations including Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and Montecito, and offers digital banking services [4]. - CalPrivate Bank focuses on high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, providing a personalized banking experience and leveraging technology to meet client needs [4]. - The bank has received high customer service ratings, scoring almost three times higher than the median domestic bank, and has been recognized as the 10th best bank in the U.S. and the 1 bank in its asset class for return on assets (ROA) and return on equity (ROE) [4]. Leadership and Strategic Vision - Angel Martinez brings over 45 years of experience, including his role as the retired Chairman and CEO of Deckers Brands, and has served on various boards, enhancing the strategic insight of CalPrivate Bank [2][3]. - The leadership team, including President and CEO Rick Sowers, expresses excitement about Martinez's appointment, highlighting his success in culture, marketing, and brand building as valuable assets for the bank's growth [3].

Financial Performance - The company reported net income of $10.4 million, or $1.77 per diluted share, for Q2 2025, a slight decrease from $10.6 million, or $1.80 per diluted share, in the prior quarter, but an increase from $7.8 million, or $1.35 per diluted share, in Q2 2024 [2][5] - Year-over-year net income increased by 33.5% [5] - The return on average assets was 1.69% and the return on average tangible common equity was 17.44% [5] Deposits and Funding - Core deposits reached $2.07 billion as of June 30, 2025, an increase of $22.0 million or 1.1% from March 31, 2025, and an increase of $327.6 million or 18.8% year over year [5][17] - Total deposits were $2.16 billion, a decrease of $29.2 million or 1.3% from March 31, 2025, with a reduction in brokered deposits of $51.2 million [5][17] - The total cost of deposits was 2.08%, down from 2.22% in the prior quarter and 2.67% in Q2 2024, reflecting a 6.4% improvement quarter over quarter and a 22.3% improvement year over year [5][9] Loan Portfolio - Loans held-for-investment totaled $2.08 billion, a slight increase of $2.4 million or 0.1% from March 31, 2025, and a 5.1% increase year over year [5][16] - The provision for credit losses was $1.3 million, compared to $0.3 million in the prior quarter and $2.1 million in Q2 2024 [5][10] Net Interest Margin - The net interest margin was 4.94% for Q2 2025, an increase from 4.61% in the prior quarter and 4.48% in Q2 2024 [5][9] - The yield on interest-earning assets was 6.89% for Q2 2025, compared to 6.70% for the prior quarter [9] Noninterest Income and Expenses - Noninterest income was $1.7 million for Q2 2025, up from $1.6 million in the prior quarter and $1.5 million in Q2 2024 [11] - Noninterest expense increased to $15.7 million for Q2 2025, compared to $14.1 million in the prior quarter and $13.0 million in Q2 2024, primarily due to higher compensation and benefits costs [12] Asset Quality - The allowance for loan losses was $28.2 million or 1.35% of loans held-for-investment as of June 30, 2025, up from $26.4 million or 1.27% as of March 31, 2025 [19] - Nonperforming assets were 0.66% of total assets as of June 30, 2025, compared to 0.63% as of March 31, 2025 [19] Capital Ratios - The bank's capital ratios exceeded the levels established for "well capitalized" institutions, with a Tier I leverage ratio of 10.70%, a Tier I risk-based capital ratio of 12.12%, and a total risk-based capital ratio of 13.37% as of June 30, 2025 [22]

Financial Performance - The company reported a net income of $10.6 million, or $1.80 per diluted share, for Q1 2025, slightly down from $10.7 million, or $1.82 per diluted share, in the prior quarter, but up from $7.9 million, or $1.36 per diluted share, in Q1 2024 [2][6] - Total deposits reached $2.19 billion as of March 31, 2025, an increase of $57.7 million or 2.7% from December 31, 2024, and a 15.1% increase year over year [6][16] - Core deposits were $2.05 billion, up $154.6 million or 8.2% from the prior quarter, and increased 27.5% year over year [6][16] Asset Quality - The allowance for loan losses was $26.4 million, or 1.27% of loans held-for-investment (HFI), down from 1.31% at the end of the previous quarter [18] - Criticized and classified loans totaled $40.8 million, or 1.96% of total loans, up from $24.7 million, or 1.18% of total loans, in the prior quarter [6][18] Operational Efficiency - Noninterest expense was $14.1 million for Q1 2025, slightly down from $14.2 million in the prior quarter, with an efficiency ratio of 47.90% compared to 48.34% in the prior quarter [12] - The company continues to focus on improving productivity through technology investments and streamlined processes [4][13] Market Position and Recognition - The bank was recognized as 1 for both Return on Assets (ROA) and Return on Equity (ROE) among banks with less than $5 billion in assets [7] - It was also ranked as the 1 SBA 504 Community Bank Lender in the United States and received a Bauer 5 Star Rating [7] Interest Income and Margin - Net interest income for Q1 2025 totaled $27.7 million, an increase of $0.3 million or 1.2% from the prior quarter, and a 21.8% increase from Q1 2024 [8][31] - The net interest margin was 4.61% for Q1 2025, down from 4.67% in the prior quarter but up from 4.31% in Q1 2024 [9][34] Liquidity and Capital Ratios - Total available liquidity was $2.1 billion, representing 192.8% of uninsured deposits as of March 31, 2025 [17] - The bank's capital ratios exceeded the levels established for "well capitalized" institutions, with a Tier I risk-based capital ratio of 11.75% [21]