First Choice Bancorp (FCBP) financial statements (2021 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
SIC 6022 - State 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments239164200
Cash and cash equivalents236162197
Short-term investments333
Total current assets:239164200
Noncurrent Assets
Operating lease, right-of-use asset57
Property, plant and equipment222
Intangible assets, net (including goodwill)787980
Goodwill737373
Intangible assets, net (excluding goodwill)567
Deferred income tax assets76
Total noncurrent assets:939382
Other undisclosed assets1,9511,4321,341
TOTAL ASSETS:2,2831,6901,623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt35090105
Total current liabilities:35090105
Noncurrent Liabilities
Liabilities, other than long-term debt22 
Qualified affordable housing project investments, commitment22 
Total noncurrent liabilities:22 
Other undisclosed liabilities1,6501,3371,269
Total liabilities:2,0021,4291,374
Stockholders' equity
Stockholders' equity attributable to parent281262248
Common stock218216218
Additional paid in capital337
Accumulated other comprehensive income (loss)1(0)(1)
Retained earnings594224
Total stockholders' equity:281262248
TOTAL LIABILITIES AND EQUITY:2,2831,6901,623

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

12/31/2020
12/31/2019
12/31/2018
Revenues969465
Net investment income929063
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(6)(3)(2)
Gross profit:909163
Operating expenses(7)(6)(11)
Other operating income, net
(Noninterest Income, Other Operating Income)
110
Operating income:848653
Interest and debt expense(7)(12)(9)
Income from continuing operations before equity method investments, income taxes:777445
Other undisclosed loss from continuing operations before income taxes(36)(34)(23)
Income from continuing operations before income taxes:414022
Income tax expense(12)(12)(6)
Net income attributable to parent:292815
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)
Net income available to common stockholders, diluted:292815

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:292815
Comprehensive income:292815
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11(0)
Comprehensive income, net of tax, attributable to parent:292915

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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