PCB BANCORP
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
PCB$30.37+1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - March 1, 2024 (Unaudited) and December 31,
Consolidated Balance Sheets
($ in thousands, except share data)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $29,432 | $26,518 |
| Interest-bearing deposits in other financial institutions | 210,359 | 215,824 |
| Total cash and cash equivalents | 239,791 | 242,342 |
| Securities available-for-sale, at fair value (amortized cost of $152,649 and $156,175, respectively, and allowance for credit losses of $0 and $0, respectively, at March 31, 2024 and December 31, 2023) | 138,170 | 143,323 |
| Loans held-for-sale, at lower of cost or fair value | 3,256 | 5,155 |
| Loans held-for-investment, net of deferred fees and costs | 2,397,964 | 2,323,452 |
| Allowance for credit losses on loans | (28,332) | (27,533) |
| Net loans held-for-investment | 2,369,632 | 2,295,919 |
| Premises and equipment, net | 8,892 | 5,999 |
| Federal Home Loan Bank and other restricted stock, at cost | 12,716 | 12,716 |
| Other real estate owned, net | — | 2,558 |
| Bank-owned life insurance | 31,045 | 30,817 |
| Servicing assets | 6,544 | 6,666 |
| Operating lease assets | 18,255 | 18,913 |
| Accrued interest receivable | 10,394 | 9,468 |
| Other assets | 15,597 | 15,630 |
| Total assets | $2,854,292 | $2,789,506 |
| Liabilities and Shareholders’ Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $538,380 | $594,673 |
| Savings, NOW and money market accounts | 483,607 | 421,203 |
| Time deposits of $250,000 or less | 771,303 | 760,034 |
| Time deposits of more than $250,000 | 609,550 | 575,702 |
| Total deposits | 2,402,840 | 2,351,612 |
| Federal Home Loan Bank advances | 50,000 | 39,000 |
| Deferred tax liabilities, net | 266 | 876 |
| Operating lease liabilities | 19,555 | 20,137 |
| Accrued interest payable and other liabilities | 31,626 | 29,009 |
| Total liabilities | 2,504,287 | 2,440,634 |
| Commitments and contingencies | ||
| Preferred stock, 10,000,000 shares authorized, no par value: | ||
| Series C, senior non-cumulative perpetual, $1,000 per share liquidation preference, 69,141 and 69,141 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively. | 69,141 | 69,141 |
| Common stock, 60,000,000 shares authorized, no par value; 14,263,791 and 14,260,440 shares issued and outstanding, respectively, and included 25,400 and 41,661 shares of unvested restricted stock, respectively, at March 31, 2024 and December 31, 2023 | 142,734 | 142,563 |
| Retained earnings | 148,209 | 146,092 |
| Accumulated other comprehensive loss, net | (10,079) | (8,924) |
| Total shareholders’ equity | 350,005 | 348,872 |
| Total liabilities and shareholders’ equity | $2,854,292 | $2,789,506 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.