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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments146162
Cash and cash equivalents146162
Total current assets:146162
Noncurrent Assets
Operating lease, right-of-use asset9
Property, plant and equipment45
Deferred income tax assets5
Amortization method qualified affordable housing project investments22
Total noncurrent assets:207
Other undisclosed assets1,5801,528
TOTAL ASSETS:1,7461,697
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1010
Total current liabilities:1010
Noncurrent Liabilities
Liabilities, other than long-term debt01
Qualified affordable housing project investments, commitment01
Total noncurrent liabilities:01
Other undisclosed liabilities1,5091,476
Total liabilities:1,5191,487
Stockholders' equity
Stockholders' equity attributable to parent227210
Common stock169171
Additional paid in capital 3
Accumulated other comprehensive loss(0)(2)
Retained earnings5838
Total stockholders' equity:227210
TOTAL LIABILITIES AND EQUITY:1,7461,697

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

12/31/2019
12/31/2018
Revenues10089
Net investment income9384
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(4)(1)
Gross profit:9588
Operating expenses(11)(10)
Other operating income, net
(Noninterest Income, Other Operating Income)
11
Operating income:8679
Interest and debt expense(24)(18)
Income from continuing operations before equity method investments, income taxes:6261
Other undisclosed loss from continuing operations before income taxes(27)(26)
Income from continuing operations before income taxes:3435
Income tax expense(10)(10)
Net income attributable to parent:2424
Undistributed earnings (loss) allocated to participating securities, basic(0) 
Net income available to common stockholders, diluted:2424

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:2424
Comprehensive income:2424
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(0)
Comprehensive income, net of tax, attributable to parent:2624

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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