Pacific Mercantile Bancorp (PMBC) financial statements (2020 and earlier)

Company profile

Business Address 949 SOUTH COAST DRIVE
COSTA MESA, CA 92626
State of Incorp. CA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments220188198139114177107
Cash and cash equivalents220188198139114177107
Total current assets:220188198139114177107
Noncurrent Assets
Property, plant and equipment1111111
Long-term investments and receivables  11 22
Long-term investments  11 22
Deferred income tax assets8
Total noncurrent assets:10122133
Other undisclosed assets1,1861,1611,1221,000947919887
TOTAL ASSETS:1,4161,3491,3231,1411,0621,100997
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities000000 
Employee-related liabilities000000 
Debt304041151030 
Total current liabilities:304041151030 
Noncurrent Liabilities
Liabilities, other than long-term debt2222233
Pension and other postretirement defined benefit plans, liabilities3
Liability, pension and other postretirement and postemployment benefits222223
Total noncurrent liabilities:2222233
Other undisclosed liabilities1,2351,1661,1671,023916948879
Total liabilities:1,2671,2081,2101,041928980881
Stockholders' equity
Stockholders' equity attributable to parent, including:149141113100134119115
Preferred stock 8     
Common stock154143151149147131129
Accumulated other comprehensive loss(1)(1)(1)(2)(1)(1)(2)
Accumulated deficit(4)(9)(37)(47)(12)(23)(22)
Warrants and rights outstanding     0 
Other undisclosed stockholders' equity attributable to parent     1211
Total stockholders' equity:149141113100134119115
TOTAL LIABILITIES AND EQUITY:1,4161,3491,3231,1411,0621,100997

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues666152403840 
Net investment income656150393737 
Cost of revenue(9)(0)(0)(20)(0)(2)(5)
Provision for loan, lease, and other losses(9)(0)
Financial services costs(0)(20)(0)(2)(5)
Gross profit:566151203838(5)
Operating expenses(10)(9)(33)(32)(30)(33)(21)
Other operating income, net
(Noninterest Income, Other Operating Income)
3332211
Operating income (loss):495622(9)106(25)
Nonoperating income (expense) 0(0)   1
Investment income, nonoperating 0(0)   (0)
Gains on sales of other real estate      1
Interest and debt expense(16)(14)(8)(5)(5)(6)(5)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(25)(25)(3)(3)(4)(2)19
Income (loss) from continuing operations before income taxes:81710(18)1(1)(9)
Income tax expense (benefit)(2)110(17)121(6)
Income (loss) from continuing operations:62710(35)12(1)(15)
Income from discontinued operations     10
Net income (loss):62710(35)120(14)
Other undisclosed net loss attributable to parent      (8)
Net income (loss) attributable to parent:62710(35)120(22)
Preferred stock dividends and other adjustments    (1)  
Undistributed earnings (loss) allocated to participating securities, basic(0)(1) 
Other undisclosed net loss available to common stockholders, basic     (1)(1)
Net income (loss) available to common stockholders, diluted:62710(35)11(1)(23)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):62710(35)120(14)
Other comprehensive income (loss)1(0)1(1)(0)1(2)
Comprehensive income (loss):62711(36)122(16)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (8)
Comprehensive income (loss), net of tax, attributable to parent:62711(36)122(24)

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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