First Choice Bancorp (FCBP) Financial Statements (2024 and earlier)

Company Profile

Business Address 17785 CENTER COURT DRIVE N., SUITE 750
CERRITOS, CA 90703
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 239,179164,495199,914
Cash and cash equivalents 236,381161,801197,376
Short-term investments 2,7982,6942,538
Total current assets: 239,179164,495199,914
Noncurrent Assets
Operating lease, right-of-use asset 4,9166,633
Property, plant and equipment 2,1491,5421,973
Intangible assets, net (including goodwill) 78,38179,15380,001
Goodwill 73,42573,42573,425
Intangible assets, net (excluding goodwill) 4,9565,7286,576
Deferred income tax assets 7,3856,163
Total noncurrent assets: 92,83193,49181,974
Other undisclosed assets 1,951,1051,432,3381,340,613
TOTAL ASSETS: 2,283,1151,690,3241,622,501
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 349,71990,000104,998
Total current liabilities: 349,71990,000104,998
Noncurrent Liabilities
Liabilities, other than long-term debt 2,2002,000 
Investment program, proportional amortization method, elected, commitment 2,2002,000 
Total noncurrent liabilities: 2,2002,000 
Other undisclosed liabilities 1,650,4551,336,5191,269,434
Total liabilities: 2,002,3741,428,5191,374,432
Equity
Equity, attributable to parent 280,741261,805248,069
Common stock 217,734216,398217,514
Additional paid in capital 3,2923,4937,269
Accumulated other comprehensive income (loss) 539(6)(699)
Retained earnings 59,17641,92023,985
Total equity: 280,741261,805248,069
TOTAL LIABILITIES AND EQUITY: 2,283,1151,690,3241,622,501

Income Statement (P&L) ($ in thousands)

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Revenues 96,26894,02864,960
Net investment income 91,61590,35463,455
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (5,900)(2,800)(1,520)
Gross profit: 90,36891,22863,440
Operating expenses (7,420)(6,377)(10,546)
Other operating income, net
(Noninterest Income, Other Operating Income)
 1,3451,234355
Operating income: 84,29386,08553,249
Interest and debt expense (6,879)(12,092)(8,710)
Income from continuing operations before equity method investments, income taxes: 77,41473,99344,539
Other undisclosed loss from continuing operations before income taxes (36,439)(34,071)(22,974)
Income from continuing operations before income taxes: 40,97539,92221,565
Income tax expense (12,024)(12,074)(6,435)
Income from continuing operations: 28,95127,84815,130
Income before gain (loss) on sale of properties:28,95127,84815,130
Net income attributable to parent: 28,95127,84815,130
Other undisclosed net loss available to common stockholders, basic (296)(278)(134)
Net income available to common stockholders, diluted: 28,65527,57014,996

Comprehensive Income ($ in thousands)

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
Net income: 28,95127,84815,130
Comprehensive income: 28,95127,84815,130
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 545693(181)
Comprehensive income, net of tax, attributable to parent: 29,49628,54114,949

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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