PCB BANCORP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 7, 2024
PCB$30.04-0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets - Septe 30, 2024 (Unaudited) and December 31, 2023
Consolidated Balance Sheets
($ in thousands, except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and due from banks | $29,981 | $26,518 |
| Interest-bearing deposits in other financial institutions | 163,083 | 215,824 |
| Total cash and cash equivalents | 193,064 | 242,342 |
| Securities available-for-sale, at fair value (amortized cost of $156,960 and $156,175, respectively, and allowance for credit losses of $0 and $0, respectively, at September 30, 2024 and December 31, 2023) | 147,635 | 143,323 |
| Loans held-for-sale, at lower of cost or fair value | 5,170 | 5,155 |
| Loans held-for-investment, net of deferred fees and costs | 2,466,174 | 2,323,452 |
| Allowance for credit losses on loans | (28,930) | (27,533) |
| Net loans held-for-investment | 2,437,244 | 2,295,919 |
| Premises and equipment, net | 8,414 | 5,999 |
| Federal Home Loan Bank and other restricted stock, at cost | 14,042 | 12,716 |
| Other real estate owned, net | 466 | 2,558 |
| Bank-owned life insurance | 31,520 | 30,817 |
| Servicing assets | 5,902 | 6,666 |
| Operating lease assets | 17,932 | 18,913 |
| Accrued interest receivable | 9,896 | 9,468 |
| Other assets | 18,548 | 15,630 |
| Total assets | $2,889,833 | $2,789,506 |
| Liabilities and Shareholders’ Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $540,068 | $594,673 |
| Savings, NOW and money market accounts | 491,939 | 421,203 |
| Time deposits of $250,000 or less | 787,509 | 760,034 |
| Time deposits of more than $250,000 | 640,166 | 575,702 |
| Total deposits | 2,459,682 | 2,351,612 |
| Federal Home Loan Bank advances | — | 39,000 |
| Deferred tax liabilities, net | 1,168 | 876 |
| Operating lease liabilities | 19,301 | 20,137 |
| Accrued interest payable and other liabilities | 47,382 | 29,009 |
| Total liabilities | 2,527,533 | 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 September 30, 2024 and December 31, 2023, respectively. | 69,141 | 69,141 |
| Common stock, 60,000,000 shares authorized, no par value; 14,266,725 and 14,260,440 shares issued and outstanding, respectively, and included 19,100 and 41,661 shares of unvested restricted stock, respectively, at September 30, 2024 and December 31, 2023 | 142,926 | 142,563 |
| Retained earnings | 156,680 | 146,092 |
| Accumulated other comprehensive loss, net | (6,447) | (8,924) |
| Total shareholders’ equity | 362,300 | 348,872 |
| Total liabilities and shareholders’ equity | $2,889,833 | $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.