BayCom is a bank holding company headquartered in Walnut Creek, California. In November 2017, we acquired Plaza Bank, with one branch located in Seattle, Washington. The Bank's lending policies are updated annually and approved by the Board of Directors. We generally charge an origination fee for our services. We do originate a limited amount of home equity loans and home equity lines of credit. The loan servicing spread is generally a minimum of 1.00% on all loans. The Company generally offers SBA 7(a) loans within a range of $200,000 to $3.0 million. Our goal is to cross- sell our deposit products to our loan clients. For additional information concerning our borrowings, see "Item 7. We also cannot predict whether or when any such changes may occur. The CBLR provides for a simple measure of capital adequacy for qualifying institutions. As of December 31, 2020, the Bank met the requirements to be "Well Capitalized." Activities and Investments of Insured State-Chartered Financial Institutions. Environmental Issues Associated with Real Estate Lending. The application period for a PPP loan closed on August 8, 2020. Accordingly, we are committed to the health, safety and wellness of our employees. Mr. Guarini earned his Bachelor of Arts degree in Economics from Rutgers University. She has over 28 years in banking and finance. Colwell worked in public accounting after graduating from college. She also oversees regulatory relations, internal audit, and community development. All of our branches and most of our deposit clients are located in these four states. Our business depends on the creditworthiness of our customers. Acquisition prices may fluctuate with market conditions. Borrowings also provide us with a source of funds to meet liquidity demands.