Pacific Mercantile Bancorp (PMBC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
949 SOUTH COAST DRIVE COSTA MESA, CA 92626 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 286,269 | 220,138 | 187,718 | 198,208 | 138,845 | 113,921 | |||
| Cash and cash equivalents | 286,269 | 220,138 | 187,718 | 198,208 | 138,845 | 113,921 | |||
| Total current assets: | 286,269 | 220,138 | 187,718 | 198,208 | 138,845 | 113,921 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10,002 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 779 | 1,117 | 1,039 | 1,094 | 1,257 | 1,142 | |||
| Long-term investments and receivables | 893 | 666 | |||||||
| Long-term investments | 893 | 666 | |||||||
| Intangible assets, net (including goodwill) | 389 | ||||||||
| Intangible assets, net (excluding goodwill) | 389 | ||||||||
| Deferred income tax assets | 8,502 | 8,434 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent assets: | 19,672 | 9,551 | 1,039 | 1,987 | 1,923 | 1,142 | |||
| Other undisclosed assets | 1,281,649 | 1,186,465 | 1,160,581 | 1,122,409 | 999,921 | 947,326 | |||
| TOTAL ASSETS: | 1,587,590 | 1,416,154 | 1,349,338 | 1,322,604 | 1,140,689 | 1,062,389 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 299 | 299 | 299 | 299 | 299 | 299 | |||
| Employee-related liabilities | 299 | 299 | 299 | 299 | 299 | 299 | |||
| Debt | 10,000 | 30,000 | 40,000 | 40,866 | 15,000 | 10,000 | |||
| Total current liabilities: | 10,299 | 30,299 | 40,299 | 41,165 | 15,299 | 10,299 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,486 | 1,684 | 1,870 | 2,046 | 2,212 | 2,368 | |||
| Liability, pension and other postretirement and postemployment benefits | 1,486 | 1,684 | 1,870 | 2,046 | 2,212 | 2,368 | |||
| Total noncurrent liabilities: | 1,486 | 1,684 | 1,870 | 2,046 | 2,212 | 2,368 | |||
| Other undisclosed liabilities | 1,417,056 | 1,235,123 | 1,165,795 | 1,166,517 | 1,023,459 | 915,806 | |||
| Total liabilities: | 1,428,841 | 1,267,106 | 1,207,964 | 1,209,728 | 1,040,970 | 928,473 | |||
| Equity | |||||||||
| Equity, attributable to parent | 158,749 | 149,048 | 141,374 | 112,876 | 99,719 | 133,916 | |||
| Preferred stock | 8,480 | ||||||||
| Common stock | 154,454 | 153,570 | 143,466 | 150,689 | 148,680 | 147,202 | |||
| Accumulated other comprehensive loss | (84) | (567) | (1,144) | (1,143) | (1,842) | (810) | |||
| Retained earnings (accumulated deficit) | 4,379 | (3,955) | (9,428) | (36,670) | (47,119) | (12,476) | |||
| Total equity: | 158,749 | 149,048 | 141,374 | 112,876 | 99,719 | 133,916 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,587,590 | 1,416,154 | 1,349,338 | 1,322,604 | 1,140,689 | 1,062,389 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 60,058 | 65,599 | 61,378 | 51,646 | 40,028 | 38,005 | ||
| Net investment income | 59,658 | 64,612 | 61,382 | 50,336 | 39,422 | 37,087 | ||
| Cost of revenue | (9,050) | (9,150) | (350) | (350) | (19,870) | (275) | ||
| Provision for loan, lease, and other losses | (9,050) | (9,150) | (350) | ✕ | ✕ | ✕ | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (350) | (19,870) | (275) | |
| Gross profit: | 51,008 | 56,449 | 61,028 | 51,296 | 20,158 | 37,730 | ||
| Operating expenses | (9,668) | (10,406) | (8,500) | (32,682) | (31,656) | (29,665) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 2,629 | 2,819 | 3,042 | 3,068 | 2,331 | 1,768 | ||
| Operating income (loss): | 43,969 | 48,862 | 55,570 | 21,682 | (9,167) | 9,833 | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 171 | 48 | (4) | |||||
| Interest and debt expense | (8,616) | (16,121) | (13,620) | (7,831) | (5,477) | (5,269) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (23,102) | (24,926) | (25,411) | (3,489) | (3,167) | (3,674) | ||
| Income (loss) from continuing operations before income taxes: | 12,422 | 7,815 | 16,587 | 10,358 | (17,811) | 890 | ||
| Income tax expense (benefit) | (4,088) | (2,135) | 10,752 | 91 | (16,832) | 11,551 | ||
| Income (loss) from continuing operations: | 8,334 | 5,680 | 27,339 | 10,449 | (34,643) | 12,441 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 8,334 | 5,680 | 27,339 | 10,449 | (34,643) | 12,441 | |
| Net income (loss) attributable to parent: | 8,334 | 5,680 | 27,339 | 10,449 | (34,643) | 12,441 | ||
| Preferred stock dividends and other adjustments | (1,439) | |||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (72) | (166) | (648) | ✕ | ✕ | |||
| Net income (loss) available to common stockholders, diluted: | 8,262 | 5,514 | 26,691 | 10,449 | (34,643) | 11,002 | ||
Comprehensive Income ($ in thousands)
| 6/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 8,334 | 5,680 | 27,339 | 10,449 | (34,643) | 12,441 | ||
| Other comprehensive income (loss) | 483 | 577 | (1) | 699 | (1,032) | (118) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,817 | 6,257 | 27,338 | 11,148 | (35,675) | 12,323 | ||
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.