PCB BANCORP
For the period ended Dec 31, 2024. Filed Mar 13, 2025.
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FY2024 · Filed Mar 13, 2025
PCB$30.39+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash and due from banks | $27,100 | $26,518 |
| Interest-bearing deposits in other financial institutions | 171,692 | 215,824 |
| Total cash and cash equivalents | 198,792 | 242,342 |
| Securities available-for-sale, at fair value (amortized cost of $159,742 and $156,175, respectively, and allowance for credit losses of $0 and $0, respectively, at at December 31, 2024 and 2023) | 146,349 | 143,323 |
| Loans held-for-sale | 6,292 | 5,155 |
| Loans held-for-investment, net of deferred loan costs (fees) | 2,629,387 | 2,323,452 |
| Allowance for credit losses on loans | (30,628) | (27,533) |
| Net loans held-for-investment | 2,598,759 | 2,295,919 |
| Premises and equipment, net | 8,280 | 5,999 |
| Federal Home Loan Bank and other restricted stock, at cost | 14,042 | 12,716 |
| Other real estate owned, net | — | 2,558 |
| Bank-owned life insurance | 31,766 | 30,817 |
| Deferred tax assets, net | 7,249 | — |
| Servicing assets | 5,837 | 6,666 |
| Operating lease assets | 17,254 | 18,913 |
| Accrued interest receivable | 10,466 | 9,468 |
| Other assets | 18,885 | 15,630 |
| Total assets | $3,063,971 | $2,789,506 |
| Liabilities and Shareholders’ Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $547,853 | $594,673 |
| Savings, NOW and money market accounts | 466,887 | 421,203 |
| Time deposits of $250,000 or less | 935,927 | 760,034 |
| Time deposits of more than $250,000 | 665,124 | 575,702 |
| Total deposits | 2,615,791 | 2,351,612 |
| Other short-term borrowings | 15,000 | — |
| Federal Home Loan Bank advances | — | 39,000 |
| Deferred tax liabilities, net | — | 876 |
| Operating lease liabilities | 18,671 | 20,137 |
| Accrued interest payable and other liabilities | 50,695 | 29,009 |
| Total liabilities | 2,700,157 | 2,440,634 |
| Commitments and contingent liabilities | ||
| 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 December 31, 2024 and 2023, respectively | 69,141 | 69,141 |
| Common stock, 60,000,000 shares authorized, no par value; issued and outstanding 14,380,651 and 14,260,440 shares, respectively, and included 119,100 and 41,661 shares of unvested restricted stock, respectively, at December 31, 2024 and 2023 | 143,195 | 142,563 |
| Retained earnings | 160,797 | 146,092 |
| Accumulated other comprehensive loss, net | (9,319) | (8,924) |
| Total shareholders’ equity | 363,814 | 348,872 |
| Total liabilities and shareholders’ equity | $3,063,971 | $2,789,506 |
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