Business Description

5 ​ ​ ​ ITEM 1A. RISK FACTORS 28 ​ ​ ​ ITEM 1B. UNRESOLVED STAFF COMMENTS 42 ​ ​ ​ ITEM 1C. CYBERSECURITY 42 ​ ​ ​ ITEM 2. PROPERTIES 45 ​ ​ ​ ITEM 3. LEGAL PROCEEDINGS 45 ​ ​ ​ ITEM 4. MINE SAFETY DISCLOSURES 45 ​ ​ ​ PART II ​ 45 ​ ​ ​ ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES 45 ​ ​ ​ ITEM 6. [ RESERVED ] 46 ​ ​ ​ ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 46 ​ ​ ​ ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 70 ​ ​ ​ ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 73 ​ ​ ​ ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 127 ​ ​ ​ ITEM 9(A). CONTROLS AND PROCEDURES 128 ​ ​ ​ ITEM 9B. OTHER INFORMATION 129 ​ ​ ​ ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 129 ​ ​ ​ PART III ​ 129 ​ ​ ​ ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 129 ​ ​ ​ ITEM 11. EXECUTIVE COMPENSATION 130 ​ ​ ​ ​ ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 130 ​ ​ ​ ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 131 ​ ​ ​ ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 131 ​ ​ ​ PART IV ​ 131 ​ ​ ​ ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 131 ​ ​ ​ ITEM 16. FORM 10-K SUMMARY 134 ​ ​ ​ SIGNATURES 135 ​ 1 Table of Contents References in this document to “BayCom” mean BayCom Corp and references to the “Bank” mean United Business Bank. References to the “Company,” “we,” “us,” and “our” mean BayCom Corp and the Bank, unless the context otherwise requires. ​ SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain matters discussed in this Annual Report on Form 10-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. Forward-looking statements are not statements of historical fact, are based on certain assumptions, and are generally identified by the use of the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations and assumptions, and statements about, among other things, expectations of the business environment in which we operate, projections of future performance or financial items, perceived opportunities in the market, potential future credit experience, and statements regarding our mission and vision. These forward-looking statements are based upon current management expectations and may, therefore, involve risks and uncertainties.…