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2020 Annual Meeting

Board of DirectorsRandal L. Rabon, ChairmanWilliam F. Burt, Vice ChairmanJames D. HarrisJill GutierrezDon P. Van WinkleElaine E. RallsWortham A. (Pete) Cook

Annual Meeting InspectorMike Walsh, Bank 34 Vice PresidentAccounting Manager

Senior ManagementJill Gutierrez, President Chief Executive OfficerJan R. Thiry, Executive Vice PresidentChief Financial OfficerMark Flesher, Senior Vice PresidentChief Credit OfficerKim Yacuel, Senior Vice PresidentChief Operations OfficerDavid Matthews, Senior Vice PresidentRegional President

Ned Quint, Bank 34 Legal CounselLuse Gorman Law FirmTravis Smith, Bank 34 Audit PartnerMoss Adams LLP

Special Guests

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2020 Annual Meeting Proposals

(1) The election of two directors of the Company.

(2) The ratification of the appointment of Moss Adams LLP as independent registered accounting firm for the Company for the year ending December 31, 2020.

(3) The consideration of an advisory, non-binding resolution with respect to the executive compensation described in the Company’s proxy statement.

(4) The consideration of an advisory, non-binding proposal with respect to the frequency that stockholders will vote on the Company’s executive compensation.

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Strategic Timeline

1997 2000 2008 2014 2016 2018 2019 2020

AF Mutual Holding Company

Established

Alamogordo Financial Corp. (AFC) Begins

Trading as (OTCPK: ALMG)

Las Cruces, NM Branch Opened

2nd Step ConversionCommon Stock Offering

Bancorp 34 Common Stock Begins Tradingas (NASDAQ: BCTF)

$1.25/ShareCash Dividend PaidAcquired

Bank 1440 in Phoenix, AZ

Alamogordo S&L Name Changed

to Bank 34

Initial 5% Stock Repurchase Completed

$0.05/ShareQuarterly Dividends

Begun

Mortgage BankingExit

COVID-19 Recession

Second 5% Stock

Repurchase Completed

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2019 Mortgage Banking Exit

• Reduce reliance on mortgage banking’s cyclical & volatile earnings stream

• Allow management to focus on core commercial banking business

• One-time charge incurred for disposal in 2019 of $845,000

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5Yr CAGR- (14%) Net of Guarantee

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%

CAGR 11%

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CAGR 9%

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