Pacific Mercantile Bancorp (PMBC) financial statements (2021 and earlier)

Company profile

Business Address 949 SOUTH COAST DRIVE
COSTA MESA, CA 92626
State of Incorp. CA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments286220188198139114177
Cash and cash equivalents286220188198139114177
Total current assets:286220188198139114177
Noncurrent Assets
Operating lease, right-of-use asset10 
Property, plant and equipment1111111
Long-term investments and receivables   11 2
Long-term investments   11 2
Intangible assets, net (including goodwill)0      
Intangible assets, net (excluding goodwill)0      
Deferred income tax assets98
Total noncurrent assets:201012213
Other undisclosed assets1,2821,1861,1611,1221,000947919
TOTAL ASSETS:1,5881,4161,3491,3231,1411,0621,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities0000000
Employee-related liabilities0000000
Debt10304041151030
Total current liabilities:10304041151030
Noncurrent Liabilities
Liabilities, other than long-term debt1222223
Liability, pension and other postretirement and postemployment benefits1222223
Total noncurrent liabilities:1222223
Other undisclosed liabilities1,4171,2351,1661,1671,023916948
Total liabilities:1,4291,2671,2081,2101,041928980
Stockholders' equity
Stockholders' equity attributable to parent, including:159149141113100134119
Preferred stock  8    
Common stock154154143151149147131
Accumulated other comprehensive loss(0)(1)(1)(1)(2)(1)(1)
Retained earnings (accumulated deficit)4(4)(9)(37)(47)(12)(23)
Warrants and rights outstanding      0
Other undisclosed stockholders' equity attributable to parent      12
Total stockholders' equity:159149141113100134119
TOTAL LIABILITIES AND EQUITY:1,5881,4161,3491,3231,1411,0621,100

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues60666152403840
Net investment income60656150393737
Cost of revenue(9)(9)(0)(0)(20)(0)(2)
Provision for loan, lease, and other losses(9)(9)(0)
Financial services costs(0)(20)(0)(2)
Gross profit:51566151203838
Operating expenses(10)(10)(9)(33)(32)(30)(33)
Other operating income, net
(Noninterest Income, Other Operating Income)
3333221
Operating income (loss):44495622(9)106
Nonoperating income (expense)
(Investment Income, Nonoperating)
0 0(0)   
Interest and debt expense(9)(16)(14)(8)(5)(5)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(23)(25)(25)(3)(3)(4)(2)
Income (loss) from continuing operations before income taxes:1281710(18)1(1)
Income tax expense (benefit)(4)(2)110(17)121
Income (loss) from continuing operations:862710(35)12(1)
Income from discontinued operations      1
Net income (loss) attributable to parent:862710(35)120
Preferred stock dividends and other adjustments     (1) 
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(1) 
Other undisclosed net loss available to common stockholders, basic      (1)
Net income (loss) available to common stockholders, diluted:862710(35)11(1)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):862710(35)120
Other comprehensive income (loss)01(0)1(1)(0)1
Comprehensive income (loss), net of tax, attributable to parent:962711(36)122

Statements sources

The financial statements are based on the company's filings with the 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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