PACIFIC MERCANTILE BANCORP PMBC Income Statement

Pacific mercantile bancorp (PMBC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans, including fees
58,615	59,348	59,047	57,899	58,101	57,626	55,760	55,248	52,004	48,957	45,808	42,420	40,130	38,580	38,057	37,225	37,146	36,717	37,074	37,093	36,570	36,344	35,474	34,711	34,325	33,819	30,875	33,222	34,843	35,934	38,523	37,759	38,163	38,947	41,826	43,546	0	0	0
Securities available for sale and stock
1,034	1,065	1,168	1,176	1,178	1,160	1,109	1,148	1,169	1,237	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities available for sale and stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,464	1,497	1,686	1,710	1,716	1,724	1,569	1,613	1,636	1,662	1,646	1,599	1,723	1,702	1,707	2,214	2,343	2,820	3,553	3,949	4,067	4,262	0	0	0
Interest-bearing deposits with financial institutions
4,630	5,264	5,580	5,171	4,415	3,756	3,090	2,370	1,811	1,379	1,133	1,042	949	842	726	580	448	370	352	336	335	333	269	219	215	233	148	319	318	278	417	273	240	211	273	346	0	0	0
Total interest income
64,279	65,677	65,795	64,246	63,694	62,542	59,959	58,766	54,984	51,573	48,374	44,947	42,650	41,000	40,247	39,302	39,280	38,797	39,142	39,153	38,474	38,290	37,379	36,592	36,186	35,651	32,746	35,243	36,868	38,426	41,283	40,852	41,956	43,107	46,166	48,154	0	0	0
Interest expense:
Deposits
13,623	14,282	14,344	13,887	13,216	12,070	10,897	9,571	8,060	6,958	6,100	5,495	5,110	4,820	4,660	4,562	4,520	4,559	4,614	4,676	4,757	4,817	4,546	4,318	4,241	4,421	4,651	5,504	6,254	6,941	8,047	8,683	9,292	9,737	11,291	12,945	0	0	0
Borrowings
1,678	1,839	1,837	1,799	1,690	1,550	1,471	1,288	1,068	873	651	645	649	657	636	667	678	710	899	848	951	1,012	940	1,005	931	896	914	986	1,088	1,108	1,147	1,159	1,206	1,321	1,578	1,874	0	0	0
Total interest expense
15,301	16,121	16,181	15,686	14,906	13,620	12,368	10,859	9,128	7,831	6,751	6,140	5,759	5,477	5,296	5,229	5,198	5,269	5,513	5,524	5,708	5,829	5,486	5,323	5,172	5,317	5,565	6,490	7,342	8,049	9,194	9,842	10,498	11,058	12,869	14,819	0	0	0
Net interest income
48,978	49,556	49,614	48,560	48,788	48,922	47,591	47,907	45,856	43,742	41,623	38,807	36,891	35,523	34,951	34,073	34,082	33,528	33,629	33,629	32,766	32,461	31,893	31,269	31,014	30,334	27,181	28,753	29,526	30,377	32,089	31,010	31,458	32,049	33,297	33,335	0	0	0
Provision for loan and lease losses
12,050	9,150	5,400	3,300	3,300	0	0	0	0	0	0	10,730	19,450	19,870	19,870	9,140	420	0	0	450	1,050	1,500	4,855	4,405	3,805	4,505	1,150	1,650	3,500	1,950	0	0	0	-	-	-	-	0	0
Net interest income after provision for loan and lease losses
36,928	40,406	44,214	45,260	45,488	48,922	47,591	47,907	45,856	43,742	41,623	28,077	17,441	15,653	15,081	24,933	33,662	33,528	33,629	33,179	31,716	30,961	27,038	26,864	27,209	25,829	26,031	27,103	26,026	28,427	30,972	30,393	32,691	32,882	31,609	27,047	0	0	0
Noninterest income
Service fees on deposits and other banking services
1,906	1,782	1,677	1,596	1,560	1,549	1,522	1,472	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-131	30	161	107	41	175	1,956	0	0	0
Less: portion of other-than-temporary impairment losses recognized in other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	47	-30	87	128	46	-1,589	0	0	0
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	77	131	194	169	221	367	0	0	0
Service fees on deposits and other banking services
-	-	-	-	-	-	-	-	-	-	-	-	1,146	-	1,043	994	961	918	939	916	900	896	836	835	813	801	806	809	858	895	921	951	957	997	1,041	1,115	0	0	0
Gain (Loss) on Investments
-	-	0	0	-	48	44	44	44	-4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking (including net gains on sales of loans held for sale)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4,705	4,341	0	0	0
Net gains on sale of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	44	960	960	2,123	2,123	1,551	1,580	405	1,185	1,018	0	0	0
Net gain on sale of Small Business Administration loans
729	1,029	865	600	300	0	0	0	0	-	-	-	-	40	40	40	40	0	657	914	1,388	2,074	1,417	1,160	686	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on sale of other assets
-11	-42	-42	-36	-25	-4	-27	-43	-43	-37	-541	-525	-525	-527	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) gain on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-497	63	32	158	201	142	0	0	0
Income from other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Other noninterest income
2,569	2,819	3,047	3,160	3,235	3,042	2,761	2,662	3,032	3,068	2,893	3,034	2,532	2,331	2,273	1,830	1,615	1,826	1,702	1,760	1,670	1,400	1,512	1,384	621	348	68	3	775	821	742	793	706	713	820	964	0	0	0
Total noninterest income
5,193	5,588	5,547	5,320	5,070	4,635	4,315	4,164	4,459	4,374	3,630	3,720	3,153	2,937	3,298	2,806	2,558	2,686	3,298	3,590	3,958	4,370	3,751	3,399	2,141	1,193	-20,768	-11,319	-1,919	3,762	21,769	14,041	6,773	2,104	7,731	7,213	0	0	0
Noninterest expense
Salaries and employee benefits
24,039	23,411	23,112	22,851	23,030	23,749	23,692	23,679	23,425	22,977	22,067	21,998	21,842	21,817	22,262	21,864	21,781	22,002	22,662	22,878	22,875	22,571	21,846	21,092	20,822	19,585	9,771	12,329	13,710	14,960	19,044	15,968	13,445	11,805	15,961	15,395	0	0	0
Occupancy
2,597	2,553	2,502	2,454	2,397	2,388	2,446	2,514	2,578	2,605	2,687	2,822	2,961	3,061	3,061	2,997	2,956	2,871	2,799	2,712	2,570	2,499	2,424	2,347	2,334	2,234	1,491	1,609	1,681	1,844	2,115	2,025	1,993	1,971	2,534	2,606	0	0	0
Equipment and depreciation
1,875	1,884	1,862	1,840	1,817	1,802	1,780	1,772	1,715	1,687	1,675	1,747	1,797	1,802	1,796	1,702	1,682	1,652	1,640	1,632	1,565	1,541	1,509	1,524	1,553	1,609	1,275	1,320	1,448	1,421	1,462	1,380	1,218	1,177	1,388	1,312	0	0	0
Data processing
2,311	2,184	2,115	1,953	1,807	1,681	1,600	1,565	1,530	1,479	1,392	1,355	1,297	1,271	1,217	1,146	1,114	1,035	1,020	971	916	931	868	840	839	786	772	767	748	745	742	709	697	665	641	665	0	0	0
Customer expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
FDIC expense
456	427	712	736	809	927	950	1,055	1,051	1,073	1,135	1,070	1,059	950	905	1,005	1,093	1,250	1,368	1,375	1,395	1,336	1,273	1,328	1,516	1,769	2,052	2,253	2,251	2,319	2,256	2,203	2,038	2,226	2,977	3,246	0	0	0
FDIC rebate
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense, net
1	69	200	184	191	123	-8	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned expense, net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	66	134	193	365	377	949	1,203	1,962	1,297	1,045	1,977	3,233	5,963	6,643	7,275	6,982	5,983	5,631	4,576	3,126	2,351	2,192	0	0	0
Professional fees
4,047	3,982	3,532	3,069	2,515	2,468	3,155	3,458	3,854	4,215	4,712	4,864	4,606	4,046	3,038	2,466	2,436	2,514	2,666	2,567	2,488	2,434	1,974	1,965	2,145	2,936	3,309	3,909	4,467	4,328	4,325	4,451	4,129	3,864	4,425	4,336	0	0	0
Provision for (recovery of) contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	-	-	-	-
Mortgage related loan expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-
Provision for (recovery of) contingencies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Office supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Business development
779	803	824	884	958	946	989	871	770	729	772	832	819	795	428	454	451	488	440	353	324	262	0	147	305	340	903	0	0	-	0	-	-	-	-	-	0	-	-
Loan related expense
578	639	665	724	785	769	796	610	604	456	306	463	359	375	338	286	383	414	579	558	517	532	292	293	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-
Insurance
247	245	241	245	246	248	223	223	223	221	255	262	276	291	299	317	329	341	349	382	435	484	536	561	567	578	0	0	0	-	-	-	-	-	-	-	-	-	-
Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Other operating expense
1,986	1,982	1,947	1,888	1,865	1,869	2,320	2,362	2,330	2,316	1,914	2,013	2,041	2,063	2,414	2,318	2,345	2,392	2,315	2,315	2,215	2,256	2,469	2,705	2,767	2,921	1,472	1,524	2,085	2,420	2,957	3,109	3,035	2,587	3,372	3,445	0	0	0
Total noninterest expense
38,916	38,179	37,523	36,828	36,420	36,970	37,943	38,117	38,080	37,758	36,915	37,426	37,057	36,401	35,824	34,689	34,763	35,324	36,215	36,692	36,503	36,808	35,295	34,551	35,494	36,346	25,423	30,545	34,506	36,470	42,380	38,749	33,647	29,694	35,288	33,858	0	0	0
Income (loss) before income taxes
3,205	7,815	12,238	13,752	14,138	16,587	13,963	13,954	12,235	10,358	8,338	-5,629	-16,463	-17,811	-17,445	-6,950	1,457	890	712	77	-829	-1,477	-4,506	-4,288	-6,144	-9,324	-20,160	-14,761	-10,399	-4,281	10,361	5,685	5,817	5,292	4,052	402	0	0	0
Income tax provision (benefit)
768	2,135	2,659	1,861	-10,424	-10,800	-11,424	-11,289	-140	-91	-9	20,306	16,683	16,832	5,440	-14,912	-11,353	-11,551	-608	-608	-608	-608	7,159	7,159	7,159	5,600	-7,188	-5,244	-9,302	-6,920	-1,516	-2,830	0	-	0	0	-	-	0
Net (loss) income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-869	-11,675	-11,457	-13,313	-14,934	0	0	0	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,937	-3,128	-4,062	-5,352	-7,721	0	0	0	-	-	-	-	-	-	-	-	-	-
Income tax provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	711	-69	-69	-69	-439	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,226	-3,059	-3,993	-5,283	-7,282	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income (loss) allocable to common shareholders
2,437	5,680	9,603	11,873	24,514	27,339	26,732	0	0	-	0	-	-	-	-	-	-	12,441	661	-45	-179	357	-14,734	-15,450	-18,596	-22,216	-8,295	-3,835	5,103	9,654	18,397	15,890	11,334	11,632	3,647	-9,188	0	0	0
Accumulated dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	0
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inducements for exchange of the preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income allocable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-25,935	-33,146	-	-22,885	7,141	11,680	11,002	-1,029	-1,222	-1,355	-806	-15,896	-16,578	-19,678	-23,298	-9,376	-4,883	4,083	8,696	17,997	15,610	10,972	11,192	2,571	-10,364	0	0	0
Basic income (loss) per common share:
Net (loss) income from continuing operations (in dollars per common share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	-0.03	-0.06	-0.05	-0.55	-0.02	-0.15	-0.16	-	-	-	-	-	-	-	-	-	-
Net income (loss) allocable to common shareholders (in dollars per share)
-0.10	0.01	0.07	0.12	0.04	0.18	0.17	0.66	0.16	0.10	0.16	0.11	0.08	0.02	-1.33	-0.21	0.01	0.60	-0.03	-0.01	-0.02	0.01	-0.04	-0.02	0.01	-0.82	-0.07	-0.18	-0.21	-0.06	0.19	0.35	0.09	0.71	0.06	0.09	0.13	-0.04	-1.17
Diluted income (loss) per common share:
Net (loss) income from continuing operations (in dollars per common share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.03	-0.03	-0.06	-0.05	-0.55	-0.02	-0.15	-0.16	-	-	-	-	-	-	-	-	-	-
Net income (loss) allocable to common shareholders (in dollars per share)
-0.10	0.01	0.07	0.12	0.04	0.18	0.17	0.65	0.16	0.10	0.16	0.11	0.08	0.02	-1.33	-0.21	0.01	0.59	-0.03	-0.01	-0.02	0.01	-0.04	-0.02	0.01	-0.82	-0.07	-0.18	-0.21	-0.07	0.18	0.35	0.09	0.71	0.06	0.08	0.13	-0.04	-1.17
Weighted average number of common shares outstanding:
Basic (in shares)
23,475	23,444	23,356	22,619	21,824	21,786	22,996	23,213	23,156	22,870	23,092	23,186	23,138	22,377	22,996	22,962	22,873	22,851	19,823	19,773	19,617	19,231	19,291	19,254	19,146	18,401	18,923	18,905	16,732	16,700	16,669	15,778	12,396	12,303	12,273	10,434	10,434	10,434	10,434
Diluted (in shares)
23,475	23,707	23,656	23,616	23,547	23,510	23,598	23,558	23,442	23,383	23,331	23,296	23,238	22,871	22,996	22,962	23,005	23,486	19,823	19,773	19,616	19,231	19,291	19,254	19,146	18,401	18,923	18,905	16,732	23,122	19,170	15,977	12,428	10,617	12,315	12,097	10,456	10,434	10,434