Pacific Mercantile Bancorp (PMBC) Financial Statements (2024 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 286,269220,138187,718198,208138,845113,921
Cash and cash equivalents 286,269220,138187,718198,208138,845113,921
Total current assets: 286,269220,138187,718198,208138,845113,921
Noncurrent Assets
Operating lease, right-of-use asset 10,002 
Property, plant and equipment 7791,1171,0391,0941,2571,142
Long-term investments and receivables    893666 
Long-term investments    893666 
Intangible assets, net (including goodwill) 389     
Intangible assets, net (excluding goodwill) 389     
Deferred income tax assets 8,5028,434
Total noncurrent assets: 19,6729,5511,0391,9871,9231,142
Other undisclosed assets 1,281,6491,186,4651,160,5811,122,409999,921947,326
TOTAL ASSETS: 1,587,5901,416,1541,349,3381,322,6041,140,6891,062,389
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 299299299299299299
Employee-related liabilities 299299299299299299
Debt 10,00030,00040,00040,86615,00010,000
Total current liabilities: 10,29930,29940,29941,16515,29910,299
Noncurrent Liabilities
Liabilities, other than long-term debt 1,4861,6841,8702,0462,2122,368
Liability, pension and other postretirement and postemployment benefits 1,4861,6841,8702,0462,2122,368
Total noncurrent liabilities: 1,4861,6841,8702,0462,2122,368
Other undisclosed liabilities 1,417,0561,235,1231,165,7951,166,5171,023,459915,806
Total liabilities: 1,428,8411,267,1061,207,9641,209,7281,040,970928,473
Equity
Equity, attributable to parent 158,749149,048141,374112,87699,719133,916
Preferred stock   8,480   
Common stock 154,454153,570143,466150,689148,680147,202
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: 158,749149,048141,374112,87699,719133,916
TOTAL LIABILITIES AND EQUITY: 1,587,5901,416,1541,349,3381,322,6041,140,6891,062,389

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 60,05865,59961,37851,64640,02838,005
Net investment income 59,65864,61261,38250,33639,42237,087
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: 51,00856,44961,02851,29620,15837,730
Operating expenses (9,668)(10,406)(8,500)(32,682)(31,656)(29,665)
Other operating income, net
(Noninterest Income, Other Operating Income)
 2,6292,8193,0423,0682,3311,768
Operating income (loss): 43,96948,86255,57021,682(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: 12,4227,81516,58710,358(17,811)890
Income tax expense (benefit) (4,088)(2,135)10,75291(16,832)11,551
Income (loss) from continuing operations: 8,3345,68027,33910,449(34,643)12,441
Income (loss) before gain (loss) on sale of properties:8,3345,68027,33910,449(34,643)12,441
Net income (loss) attributable to parent: 8,3345,68027,33910,449(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: 8,2625,51426,69110,449(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): 8,3345,68027,33910,449(34,643)12,441
Other comprehensive income (loss) 483577(1)699(1,032)(118)
Comprehensive income (loss), net of tax, attributable to parent: 8,8176,25727,33811,148(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.

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