Pacific City Financial Corporation (PCB) financial statements (2021 and earlier)

Company profile

Business Address 3701 WILSHIRE BLVD
LOS ANGELES, CA 90010
State of Incorp.
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 investments194146162
Cash and cash equivalents194146162
Total current assets:194146162
Noncurrent Assets
Operating lease, right-of-use asset89
Property, plant and equipment445
Deferred income tax assets85
Amortization method qualified affordable housing project investments222
Total noncurrent assets:22207
Other undisclosed assets1,7071,5801,528
TOTAL ASSETS:1,9231,7461,697
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt701010
Total current liabilities:701010
Noncurrent Liabilities
Liabilities, other than long-term debt001
Qualified affordable housing project investments, commitment001
Total noncurrent liabilities:001
Other undisclosed liabilities1,6191,5091,476
Total liabilities:1,6891,5191,487
Stockholders' equity
Stockholders' equity attributable to parent234227210
Common stock164169171
Additional paid in capital  3
Accumulated other comprehensive income (loss)2(0)(2)
Retained earnings685838
Total stockholders' equity:234227210
TOTAL LIABILITIES AND EQUITY:1,9231,7461,697

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

12/31/2020
12/31/2019
12/31/2018
Revenues8610089
Net investment income809384
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(13)(4)(1)
Gross profit:739588
Operating expenses(11)(11)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
111
Operating income:648679
Interest and debt expense(14)(24)(18)
Income from continuing operations before equity method investments, income taxes:506261
Other undisclosed loss from continuing operations before income taxes(27)(27)(26)
Income from continuing operations before income taxes:233435
Income tax expense(7)(10)(10)
Net income attributable to parent:162424
Undistributed earnings (loss) allocated to participating securities, basic(0)(0) 
Net income available to common stockholders, diluted:162424

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:162424
Comprehensive income:162424
Other undisclosed comprehensive income (loss), net of tax, attributable to parent22(0)
Comprehensive income, net of tax, attributable to parent:182624

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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