Nasdaq National Market (PPBI)

Regulation FD

This presentation may include forward-looking statements. The statements contained
herein that are not historical facts are forward-looking statements based on
management’s current expectations and beliefs concerning future developments and their
potential effects on the Company.  There can be no assurance that future developments
affecting the Company will be the same as those anticipated by management.  Actual
results may differ from those projected in the forward-looking statements.  These
forward-looking statements involve risks and uncertainties.  These include, but are not
limited to, the following risks:   (1) changes in the performance of the financial markets,
(2) changes in the demand for and market acceptance of the Company’s products and
services,  (3) changes in general economic conditions including interest rates, presence of
competitors with greater financial resources, and the impact of competitive projects and
pricing,  (4)  the effect of the Company’s policies,  (5)  the continued availability of
adequate funding sources,  (6)  actual prepayment rates and credit losses as compared to
prepayment rates and credit losses assumed by the Company for purposes of its valuation
of mortgage derivative securities (the “Participation Contract”),  (7)  the effect of
changes in market interest rates on the spread between the coupon rate and the pass
through rate and on the discount rate assumed by the Company in its valuation of its
Participation Contract, and (8)  various legal, regulatory and litigation risks.

Overview

Community Bank based in Southern California

New management successfully repositioned company

2000 - 2001 poor asset quality, high cost deposits, regulatory

2001 - 2002 private placement, community banking model

2002 - 2003 secondary offering, turn-around complete

Exceptional growth opportunities in a vibrant market

Southern California – 3 retail offices

Income property lending

Earnings at inflection point

Substantial reduction of interest expense

Fixed costs in place, income tax benefits

Experienced Management Team

Years

Name (Age)

Position

Experience

_________________________________________________________________________________

Steven Gardner (43)

President & Chief Executive Officer

John Shindler (48)

Chief Financial Officer

Andrew Anderson (40)

Director of Retail Banking

Eddie Wilcox (37)

Chief Credit Officer

Kathi Duncan (47)

Director of Human Resources and Compliance

Jim Sanchez (41)

Director of Information Technology

Robert Johnson (60)

Director of Internal Audit

Growth and Operating Strategies

Increase origination of income property loans

Wholesale origination

New Account Managers hired – Q4 2003

Retail Originations

Grow retail branch deposit base

Relationship selling – small businesses, consumers

Introduce additional products and services

Grow organically or through strategic opportunities

Income Property Lending
Multi-family Markets

Excellent growth opportunities

Expansive Fragmented market

$16 billion of loans originated in So. California

Top 10 lenders represent less than 50% of the market

Over 900 various lenders in the state of California

Southern California #1 market in the country

Source:

- DataQuick Information Systems

- National Multi Housing Council, “Apartments: A $1.3 Trillion Market”, 2001

- Southern California consisting primarily of the counties of Los Angeles, Orange, San Diego, San Bernardino, Ventura, Santa Barbara, and Riverside.

Multi-family Lending Sector has
Superior Asset Quality

West Region

2001

2002

2003

4Q 03

Loan Type:

Multi-family

0.00%

0.01%

0.01%

Commercial RE

0.19%

0.09%

0.08%

0.03%

SFR Construction

0.20%

0.18%

0.09%

-0.02%

Single Family

0.06%

0.07%

0.04%

0.03%

Source: Office of Thrift Supervision

National

Annualized Net Charge-Off Rates

Lending Strategy

Increase origination of income property loans

Focus on multi-family properties – higher risk adjusted rates
of return than other mortgage related asset classes

Asset quality directs all of our lending activities -
Underwriting focused on actual cash flow, borrower
liquidity and collateral marketability

Adjustable interest rates, floor rates and prepayment
penalties on virtually all loans

Results in overall lower collection costs, consistent revenue stream,
well positioned for rising interest rates and higher gains on excess production

Loan Portfolio Composition

SFR

Multi-family

Commercial

Construction

Other

(dollars in thousands)

Income Property

(dollars in thousands)

CAGR 170.9%

Loan Portfolio Characteristics

At Origination through December 31, 2003

Multifamily

Average Loan to Value

66.7%

Average Debt Coverage Ratio

1.36:1

Average Balance

$728,000

Commercial Real Estate

Average Loan to Value

60.8%

Average Debt Coverage Ratio

1.52:1

Average Balance

$981,000

Improving Asset Quality Trends:
NPAs to Total Assets

(dollars in thousands)

Retail Branch Strategy

Grow retail branch deposit base

Increase transaction accounts with emphasis on relationship
banking with small business owners

Enhanced product offerings – community bank product
menu

Cross-sell of various products and services, multiple
accounts per customer to ensure they are “fully banked”

Results in stable deposit base, lower funding cost,
increased fee income and improved franchise value

Deposit Portfolio Composition

(dollars in thousands)

Transaction accounts

Jumbo CDs

Wholesale CDs

Retail CDs

Deposit Transaction Accounts

(dollars in thousands)

CAGR 45.4%

Financial Performance

Balance Sheet

As of

12/31/2003

12/31/2002

12/31/2001

12/31/2000

12/31/1999

Assets:

Cash and Investments

44,715

61,833

42,365

75,910

53,148

Loans, net

247,600

158,231

187,176

316,724

434,328

Participation Contract

5,977

4,869

4,428

4,429

9,288

Other Assets

11,076

13,345

9,698

17,358

55,137

Total Assets

309,368

238,278

243,667

414,421

551,901

Liabilities:

Deposits

221,447

191,170

232,160

345,093

468,859

FHLB Advances

48,600

20,000

47,120

17,873

Notes Payable

11,440

Subordinated Debt

1,500

Other Liabilities

1,989

2,545

2,359

6,808

29,207

Total Liabilities

272,036

226,655

236,019

400,521

517,439

Stockholders' Equity

Common Stock

Additional Paid-in Capital

67,546

43,328

42,628

42,629

42,579

Accumulated Deficit

(30,021)

(32,086)

(34,964)

(28,912)

(8,130)

Accumulated Other Comprehensive Income

(246)

368

(29)

170

Total Stockholders' Equity

37,332

11,623

7,648

13,900

34,462

Total Liabilities and Stockholders' Equity

309,368

238,278

243,667

414,421

551,901

Fully Diluted Book Value per share

5.98

4.98

5.73

10.42

25.90

(in thousands)

Income Statement

12 Months Ended

12/31/2003

12/31/2002

12/31/2001

12/31/2000

12/31/1999

Interest Income

Loans

12,366

12,345

21,973

38,298

40,991

Other Int. Earning Assets

4,882

6,527

2,469

3,221

5,387

Total Interest Income

17,248

18,872

24,442

41,519

46,378

Interest Expense

Deposits

4,954

6,314

14,989

25,572

22,000

FHLB Advances

541

535

992

2,664

3,367

Notes and Debentures

2,162

2,061

210

Total Interest Expense

7,657

8,910

16,191

28,446

25,577

Net Int. Inc. Before Provision

9,591

9,962

8,251

13,073

20,801

Provision for Loan Losses

655

1,133

3,313

2,910

5,382

Non Interest Income

2,315

1,869

3,992

(2,136)

(15,020)

Non Interest Expense

9,783

10,165

14,340

25,806

29,643

Income Before Taxes

1,468

533

(5,410)

(17,779)

(29,244)

Inc. Tax (Benefit)/Provision

(597)

(2,345)

642

3,003

(11,405)

Net Income

2,065

2,878

(6,052)

(20,782)

(17,839)

Diluted Earnings/(Loss) per Share

0.61

1.16

(4.54)

(15.58)

(13.57)

(dollars in thousands)

Summary

Management repositioned company

Successful Community Banking business model

Exceptional growth opportunities

Southern California

Earnings at inflection point

Substantial reduction of interest expense

Fixed costs in place, income tax benefits