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
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments258,386286,269278,280259,029392,002220,138
Cash and cash equivalents258,386286,269278,280259,029392,002220,138
Total current assets:258,386286,269278,280259,029392,002220,138
Noncurrent Assets
Operating lease, right-of-use asset9,45710,00210,54311,08411,623 
Property, plant and equipment7127798371,1101,1371,117
Intangible assets, net (including goodwill)370389399239  
Intangible assets, net (excluding goodwill)370389399239  
Deferred income tax assets8,9898,5029,3399,8169,0178,434
Total noncurrent assets:19,52819,67221,11822,24921,7779,551
Other undisclosed assets1,302,1231,281,6491,323,1431,406,9141,186,3591,186,465
TOTAL ASSETS:1,580,0371,587,5901,622,5411,688,1921,600,1381,416,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  299   299
Employee-related liabilities  299   299
Debt  10,00023,96273,962120,00030,000
Total current liabilities:  10,29923,96273,962120,00030,299
Noncurrent Liabilities
Liabilities, other than long-term debt  1,486   1,684
Liability, pension and other postretirement and postemployment benefits  1,486   1,684
Total noncurrent liabilities:  1,486   1,684
Other undisclosed liabilities1,418,7661,417,0561,443,5291,464,4731,332,6401,235,123
Total liabilities:1,418,7661,428,8411,467,4911,538,4351,452,6401,267,106
Equity
Equity, attributable to parent161,271158,749155,050149,757147,498149,048
Common stock154,749154,454154,262154,046153,834153,570
Accumulated other comprehensive income (loss)(1,245)(84)112121(20)(567)
Retained earnings (accumulated deficit)7,7674,379676(4,410)(6,316)(3,955)
Total equity:161,271158,749155,050149,757147,498149,048
TOTAL LIABILITIES AND EQUITY:1,580,0371,587,5901,622,5411,688,1921,600,1381,416,154

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

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Revenues13,33813,96916,25915,31714,51416,184
Net investment income13,38313,98715,79415,37014,50816,021
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (350)  (2,850)(6,200)(3,750)
Gross profit:12,98813,96916,25912,4678,31412,434
Operating expenses(2,837)(2,453)(2,366)(2,314)(2,537)(2,528)
Other operating income, net
(Noninterest Income, Other Operating Income)
824575889599567727
Operating income:10,97512,09114,78210,7526,34410,633
Nonoperating income
(Investment Income, Nonoperating)
140     
Interest and debt expense(959)(1,296)(1,762)(2,262)(3,296)(3,734)
Other undisclosed loss from continuing operations before equity method investments, income taxes(5,343)(4,952)(5,796)(5,785)(6,400)(6,527)
Income (loss) from continuing operations before income taxes:4,8135,8437,2242,705(3,352)372
Income tax expense (benefit)(1,425)(2,140)(2,138)(800)99169
Income (loss) from continuing operations:3,3883,7035,0861,905(2,361)441
Income (loss) before gain (loss) on sale of properties:3,3883,7035,0861,905(2,361)441
Net income (loss) attributable to parent:3,3883,7035,0861,905(2,361)441
Undistributed earnings (loss) allocated to participating securities, basic(33)(31)(44)(17) 30
Net income (loss) available to common stockholders, diluted:3,3553,6725,0421,888(2,361)471

Comprehensive Income ($ in thousands)

6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Net income (loss):3,3883,7035,0861,905(2,361)441
Other comprehensive income (loss)     547(113)
Other undisclosed comprehensive income  483    
Comprehensive income (loss):3,3884,1865,0861,905(1,814)328
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,161)(679)(9)141  
Comprehensive income (loss), net of tax, attributable to parent:2,2273,5075,0772,046(1,814)328

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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