Pacific premier bancorp inc (PPBI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME
Loans

485,663

415,410

251,027

157,935

111,097

75,751

58,089

49,659

46,369

36,509

39,570

Investment securities and other interest-earning assets

40,444

33,013

18,978

8,670

7,259

5,588

5,711

3,288

3,856

4,594

3,869

Total interest income

526,107

448,423

270,005

166,605

118,356

81,339

63,800

52,947

50,225

41,103

43,439

INTEREST EXPENSE
Interest on transaction accounts

-

-

-

-

-

-

-

-

-

1,710

1,429

Interest on certificates of deposit

-

-

-

-

-

-

-

-

-

7,901

11,618

Deposits

58,297

37,653

13,371

8,391

6,630

5,037

4,065

5,853

8,288

9,611

13,047

FHLB advances and other borrowings

9,829

11,343

4,411

1,295

1,490

1,124

984

970

998

2,741

6,839

Subordinated debentures

10,680

6,716

4,721

3,844

3,937

1,543

307

326

310

314

368

Total interest expense

78,806

55,712

22,503

13,530

12,057

7,704

5,356

7,149

9,596

12,666

20,254

Net interest income before provision for credit losses

447,301

392,711

247,502

153,075

106,299

73,635

58,444

45,798

40,629

28,437

23,185

Provision for credit losses

5,719

8,253

8,432

9,296

6,425

4,684

1,860

751

3,255

2,092

7,735

Net interest income after provision for credit losses

441,582

384,458

239,070

143,779

99,874

68,951

56,584

45,047

37,374

26,345

15,450

Noninterest Income [Abstract]
Loan servicing fees

1,840

1,445

787

1,032

371

307

910

941

1,060

400

486

Deposit fees

-

-

-

-

1,274

1,809

1,873

1,940

2,195

-

-

Earnings on bank-owned life insurance

3,486

3,427

2,279

1,353

-

-

-

-

-

-

-

Net gain from sales of loans

6,642

10,759

12,468

9,539

7,970

6,300

3,228

628

-3,605

-3,332

-351

Net gain from sales of investment securities

8,571

1,399

2,737

1,797

290

1,547

1,544

1,953

1,589

1,020

687

Net gain from other real estate owned

-

-

-

-

-

29

-

159

617

1,087

2,030

Gain on FDIC transactions

-

-

-

-

-

-

-

5,340

4,189

-

-

Other income

4,486

3,641

5,680

2,639

4,483

3,443

1,256

1,929

1,702

1,106

1,054

Total noninterest income

35,236

31,027

31,114

19,602

14,388

13,377

8,811

12,572

6,513

-1,076

697

NONINTEREST EXPENSE
Compensation and benefits

139,187

129,886

84,138

52,836

37,108

27,714

23,018

16,281

13,205

8,483

8,047

Premises and occupancy

30,758

24,544

14,742

9,838

7,810

6,335

5,797

4,070

3,501

2,623

2,559

Data processing

12,301

13,412

8,206

4,261

2,816

2,570

3,080

2,366

1,419

806

633

Other real estate owned operations, net

160

4

72

385

68

75

618

1,653

1,497

1,371

373

FDIC insurance premiums

764

3,002

2,151

1,545

1,376

1,021

749

638

809

1,258

1,382

Legal, audit and professional expense

12,869

10,040

6,101

3,041

2,514

2,240

1,863

2,134

1,438

1,134

797

Marketing expense

6,402

6,151

4,436

3,981

2,305

1,208

1,088

858

1,287

786

664

Office, telecommunications and postage expense

4,826

5,312

3,117

2,107

2,005

1,576

1,313

830

850

530

295

Loan expense

4,079

3,370

3,299

2,191

1,268

848

1,009

912

699

-

-

Deposit expense

15,266

9,916

6,240

4,904

3,643

2,964

1,818

188

553

-

-

Merger-related expense

656

18,454

21,002

4,388

4,799

1,490

6,926

-

-

-

-

Core deposit intangible (“CDI”) amortization

17,245

13,594

6,144

2,039

1,350

1,014

764

-

-

-

-

Other expense

14,552

12,220

8,310

6,547

6,476

5,938

2,772

1,924

1,646

1,957

1,944

Total noninterest expense

259,065

249,905

167,958

98,063

73,538

54,993

50,815

31,854

26,904

18,948

16,694

Net income before income taxes

217,753

165,580

102,226

65,318

40,724

27,335

14,580

25,765

16,983

6,321

-547

Income tax

58,035

42,240

42,126

25,215

15,209

10,719

5,587

9,989

6,411

2,083

-87

Net Income (Loss) Attributable to Parent

159,718

123,340

60,100

40,103

25,515

16,616

8,993

15,776

10,572

4,238

-460

Earnings Per Share [Abstract]
Earnings Per Share, Basic

2.62

2.29

1.59

1.49

1.21

0.97

0.57

1.49

1.05

0.42

-0.08

Earnings Per Share, Diluted

2.60

2.26

1.56

1.46

1.19

0.96

0.54

1.44

0.99

0.38

-0.08

WEIGHTED AVERAGE SHARES OUTSTANDING
Weighted Average Number of Shares Outstanding, Basic

60,339

53,963

37,705

26,931

21,156

17,046

15,798

10,571

10,092

10,033

5,642

Weighted Average Number of Shares Outstanding, Diluted

60,692

54,613

38,511

27,439

21,488

17,343

16,609

10,984

10,630

11,057

5,642

Service charges on deposit accounts
Noninterest income

5,769

5,128

3,273

1,459

-

-

-

-

-

817

851

Other service fee income
Noninterest income

1,438

902

1,847

1,516

-

-

-

-

-

-

-

Debit Card [Member]
Noninterest income

3,004

4,326

2,043

267

-

-

-

-

-

-

-