BayCom Corp (NASDAQ: BCML)

BayCom Corp is a bank holding company headquartered in Walnut Creek, California. The company's principal activity is ownership of United Business Bank, which delivers a full range of financial services to businesses and individual consumers through a network of 34 full service branches located in California, Nevada, Washington, New Mexico and Colorado. As of December 31 2025, the consolidated entity reported total assets of $2.6 billion, net loans of $2.0 billion, deposits of $2.2 billion and shareholders' equity of $338.6 million. The loan portfolio consisted of $1.8 billion in commercial real estate loans (approximately 86% of total loans), $175.4 million in commercial and industrial loans (about 8.5% of total loans), $113.2 million in one to four family residential loans (5.5% of total loans), and smaller balances in agricultural, consumer and other loan categories. The bank's strategy emphasizes relationship based commercial banking, aiming to serve local markets while benefiting from the scale gained through a series of acquisitions since 2010.

Revenue is generated primarily from interest income earned on the loan portfolio, which includes commercial real estate, commercial and industrial, agricultural and consumer loans. Interest income reflects the difference between yields on earning assets and costs on interest bearing liabilities, and it is the main driver of net interest income after provision for credit losses. Noninterest income comes from service charges on deposit accounts, fees for treasury management and cash management services, and gains realized on the sale of guaranteed portions of SBA 7(a) and SBA 504 loans. The bank also records income from investment securities, including interest on debt securities and dividends on equity holdings, and occasionally gains from the purchase and sale of loan participation interests. Fee based revenue further includes charges for lockbox, remote deposit capture, wire transfers and other commercial treasury management offerings that support clients' cash flow needs.

Within the competitive landscape of regional banking, BayCom Corp positions itself as a focused community bank that leverages a disciplined acquisition strategy to grow its footprint and achieve economies of scale. Its competitive advantages include a deep understanding of local markets, a proven ability to integrate acquired banks, and a commitment to personalized service that differentiates it from larger national institutions. The company faces competition from larger banks, regional peers, credit unions, internet based banks, FinTech firms, money market funds, mutual funds, brokerage houses, mortgage companies and insurance companies that also offer financial products in its service areas. Despite these challenges, BayCom Corp seeks to attract and retain clients through relationship pricing, localized decision making and a reputation for responsive, relationship driven banking.

The bank serves a diverse customer base that includes small and medium sized businesses, professional firms, real estate professionals, nonprofit organizations, labor unions and related entities, as well as individual consumers. These customers rely on United Business Bank for commercial lending, deposit accounts, cash management services and tailored financial solutions that meet the specific needs of their operations or personal finances. While the filing does not disclose specific customer names, the described segments reflect the types of clients that the bank targets through its branch network in California, Nevada, Washington, New Mexico and Colorado.