PCB Bancorp (PCB) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments203194146162
Cash and cash equivalents203194146162
Total current assets:203194146162
Noncurrent Assets
Operating lease, right-of-use asset789
Property, plant and equipment3445
Deferred income tax assets1185
Amortization method qualified affordable housing project investments2222
Total noncurrent assets:2222207
Other undisclosed assets1,9241,7071,5801,528
TOTAL ASSETS:2,1501,9231,7461,697
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt10701010
Total current liabilities:10701010
Noncurrent Liabilities
Liabilities, other than long-term debt0001
Qualified affordable housing project investments, commitment0001
Total noncurrent liabilities:0001
Other undisclosed liabilities1,8831,6191,5091,476
Total liabilities:1,8931,6891,5191,487
Stockholders' equity
Stockholders' equity attributable to parent256234227210
Common stock155164169171
Additional paid in capital   3
Accumulated other comprehensive income (loss)02(0)(2)
Retained earnings101685838
Total stockholders' equity:256234227210
TOTAL LIABILITIES AND EQUITY:2,1501,9231,7461,697

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues948610089
Net investment income81809384
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (13)(4)(1)
Gross profit:94739588
Operating expenses(11)(11)(11)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111
Operating income:85648679
Nonoperating income
(Bank Owned Life Insurance Income)
0   
Interest and debt expense(4)(14)(24)(18)
Income from continuing operations before equity method investments, income taxes:81506261
Other undisclosed loss from continuing operations before income taxes(24)(27)(27)(26)
Income from continuing operations before income taxes:57233435
Income tax expense(17)(7)(10)(10)
Net income attributable to parent:40162424
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0) 
Net income available to common stockholders, diluted:40162424

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:40162424
Comprehensive income:40162424
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)22(0)
Comprehensive income, net of tax, attributable to parent:38182624

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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