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PACIFIC MERCANTILE BANCORP (PMBC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K/A10-K/A10-K/A10-K10-K10-K10-K10-K
Interest income:          
Loans, including fees  58.759.357.649.038.636.736.333.8
Securities available for sale and stock  0.91.11.21.21.6   
Interest-bearing deposits with financial institutions  1.05.33.81.40.80.40.30.2
    Total interest income  60.665.762.551.641.038.838.335.7
   
Interest expense:          
Deposits  7.514.312.17.04.84.64.84.4
Borrowings  1.11.81.60.90.70.71.00.9
    Total interest expense  8.616.113.67.85.55.35.85.3
    Net interest income  52.049.648.943.735.533.532.530.3
Provision for loan and lease losses  9.19.2  19.9 1.54.5
    Net interest income after provision for loan and lease losses  42.940.448.943.715.733.531.025.8
   
Noninterest income          
Service fees on deposits and other banking services  3.11.81.51.31.1   
Net gain on sale of securities available for sale  0.2 0.00.0    
Net gain on sale of loans  0.51.0  0.0 2.1 
Other noninterest income  2.62.83.03.12.31.81.40.3
    Total noninterest income  6.35.64.64.42.95.44.41.2
   
Noninterest expense          
Salaries and employee benefits  22.423.423.723.021.822.022.619.6
Occupancy  2.72.62.42.63.12.92.52.2
Equipment and depreciation  2.01.91.81.71.81.71.51.6
Data processing  2.62.21.71.51.31.00.90.8
FDIC expense  1.00.40.9     
Professional fees  3.04.02.54.24.02.52.42.9
Business development  0.60.80.90.70.80.50.30.3
Loan related expense  0.60.60.80.50.40.40.50.4
Insurance  0.30.20.20.20.30.30.50.6
Other operating expense  1.82.01.92.32.12.42.32.9
    Total noninterest expense  36.838.237.037.836.435.336.836.3
    Income (loss) before income taxes  12.47.816.610.4-17.80.9-1.5-9.3
Income tax expense (benefit)  4.12.1-10.8-0.116.8-11.6-0.65.6
            Tax rate  32.9%27.3%    41.2% 
    Net income (loss) allocable to common shareholders  8.35.727.310.4-34.612.40.4-22.2
   
Basic income per common share:          
Net income (loss) allocable to common shareholders (in dollars per share)  $0.35$0.24$1.17$0.45($1.51)$0.54($0.04)($1.28)
   
Diluted income per common share:          
Net income (loss) allocable to common shareholders (in dollars per share)  $0.35$0.24$1.16$0.45($1.51)$0.53($0.04)($1.28)
   
Weighted average number of common shares outstanding:          
Basic (in shares)  0.00.00.023.122.820.519.218.2
Diluted (in shares)  0.00.00.023.323.020.719.218.2

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