 BayCom Corp BayCom or the Company NASDAQ: BCML, the holding company for United Business Bank the Bank, announced earnings of 3.1 million, or 0.26 per diluted share, for the second quarter of 2020 compared to earnings of 2.8 million, or 0.23 per diluted share, for the first quarter of 2020 and 2.2 million, or 0.20 per diluted share, for the second quarter of 2019. BayComs second quarter earnings reflect the impact of the COVID-19 pandemic resulting in a substantial reduction in business activity in the states BayCom operates. Net income for the second quarter of 2020 compared to the prior quarter increased 301,000, or 10.7, as a result of a 913,000 increase in net interest income and a 3.4 million decrease in noninterest expense, partially offset by a 2.7 million increase in provision for loan losses primarily related to the migration of acquired loans out of the discounted acquired loan portfolio and consideration of probable loan losses as a result of the COVID-19 pandemic and a 1.3 million decrease in noninterest income. The Company acquired Grand Mountain Bancshares GMB and its wholly owned subsidiary Grand Mountain Bank in the first quarter 2020, TIG Bancorp TIG and its wholly owned subsidiary First State Bank of Colorado during the fourth quarter of 2019 and Uniti Financial Corporation UFC and its wholly owned subsidiary Uniti Bank in the second quarter of 2019. There were no acquisition-related expenses in the second quarter of 2020. The impact of acquisition-related expenses was 0.18 per diluted share for the prior quarter and 0.27 per diluted share for the same quarter in 2019. 