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Private Bancorp OF AMERICA , INC . CalPrivate BANK Relationships . Solutions . Trust . FOR IMMEDIATE RELEASE Private Bancorp of America , Inc. Announces Continued Strong Net Income for Second Quarter 2026 and Intent to Uplist to the NASDAQ Stock Market Second Quarter 2026 Highlights • . • Net income for the second quarter of 2026 was $ 13.1 million , compared to $ 12.0 million in the prior quarter and $ 10.4 million in the second quarter of 2025 . Net income for the second quarter of 2026 represents a return on average assets of 1.99 % and a return on average tangible common equity ( ¹ ) of 18.90 % . Diluted earnings per share for the second quarter of 2026 was $ 2.27 , compared to $ 2.07 in the prior quarter and $ 1.77 in the second quarter of 2025 . Core deposits were $ 2.33 billion as of June 30 , 2026 , an increase of $ 6.8 million or 0.3 % from March 31 , 2026 , and an increase of $ 260.8 million or 12.6 % from June 30 , 2025 . Total deposits were $ 2.38 billion as of June 30 , 2026 , an increase of $ 6.5 million or 0.3 % from March 31 , 2026 , which included a reduction in brokered deposits of $ 0.2 million . Total cost of deposits was 1.63 % for the second quarter of 2026 , a decrease from 1.67 % in the prior quarter and 2.08 % in the second quarter of 2025 , an improvement of 2.5 % quarter over quarter and 21.7 % year over year . The spot rate for total deposits was 1.65 % as of June 30 , 2026 , compared to 1.55 % at March 31 , 2026 as a result of deposit mix changes . Total cost of funding sources was 1.68 % for the second quarter of 2026 , a decrease from 1.73 % in the prior quarter and 2.14 % in the second quarter of 2025 . Loans held - for - investment ( " HFI " ) totaled $ 2.13 billion as of June 30 , 2026 , a decrease of $ 8.2 million or 0.4 % from March 31 , 2026 . Investment securities available - for - sale ( " AFS " ) were $ 237.1 million as of June 30 , 2026 , an increase of $ 16.2 million or 7.3 % since March 31 , 2026 , and an increase of $ 48.3 million or 25.6 % from June 30 , 2025 , primarily as a result of new securities purchased . Net interest margin was 5.18 % for the second quarter of 2026 , compared to 5.21 % in the prior quarter and 4.94 % in the second quarter of 2025 . For the second quarter of 2026 , a provision reversal of $ 0.2 million was recorded , compared to a provision expense of $ 2.0 million for the prior quarter and a provision expense of $ 1.3 million for the second quarter of 2025. The allowance for loan losses was 1.43 % of loans HFI as of June 30 , 2026 compared to 1.41 % at March 31 , 2026 . As of June 30 , 2026 , criticized loans totaled $ 58.0 million , or 2.72 % of total loans , down from $ 68.3 million , or 3.19 % of total loans at March 31 , 2026 . Tangible book value per share ( ¹ ) was $ 49.57 as of June 30 , 2026 , an increase of $ 2.19 since March 31 , 2026 primarily as a result of strong earnings . Filing of the Company's Registration Statement on Form 10 ( the " Registration Statement ” ) pursuant to the Securities Exchange Act of 1934 , as amended , in connection with strategic decision to pursue a listing on the NASDAQ Global Select Market ( " NASDAQ ” ) . La Jolla , Calif . – July 17 , 2026 ( GLOBE NEWSWIRE ) - Private Bancorp of America , Inc. ( OTCQX : PBAM ) , ( " Company " ) and CalPrivate Bank ( “ Bank ” ) announced unaudited financial results for the second fiscal quarter ended June 30 , 2026. The Company ( 1 ) A non - GAAP financial measure . A reconciliation of non - GAAP financial measures to GAAP financial measures can be found on page 14 . 1