First Choice Bancorp (FCBP) financial statements (2020 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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments164200
Cash and cash equivalents162197
Short-term investments33
Total current assets:164200
Noncurrent Assets
Operating lease, right-of-use asset7
Property, plant and equipment22
Intangible assets, net (including goodwill)7980
Goodwill7373
Intangible assets, net (excluding goodwill)67
Deferred income tax assets6
Total noncurrent assets:9382
Other undisclosed assets1,4321,341
TOTAL ASSETS:1,6901,623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt90105
Total current liabilities:90105
Noncurrent Liabilities
Liabilities, other than long-term debt2 
Qualified affordable housing project investments, commitment2 
Total noncurrent liabilities:2 
Other undisclosed liabilities1,3371,269
Total liabilities:1,4291,374
Stockholders' equity
Stockholders' equity attributable to parent262248
Common stock216218
Additional paid in capital37
Accumulated other comprehensive loss(0)(1)
Retained earnings4224
Total stockholders' equity:262248
TOTAL LIABILITIES AND EQUITY:1,6901,623

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

12/31/2019
12/31/2018
Revenues9465
Net investment income9063
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(3)(2)
Gross profit:9163
Operating expenses(6)(11)
Other operating income, net
(Noninterest Income, Other Operating Income)
10
Operating income:8653
Interest and debt expense(12)(9)
Income from continuing operations before equity method investments, income taxes:7445
Other undisclosed loss from continuing operations before income taxes(34)(23)
Income from continuing operations before income taxes:4022
Income tax expense(12)(6)
Net income attributable to parent:2815
Other undisclosed net loss available to common stockholders, basic(0)(0)
Net income available to common stockholders, diluted:2815

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:2815
Comprehensive income:2815
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(0)
Comprehensive income, net of tax, attributable to parent:2915

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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