Pacific Mercantile Bank in Costa Mesa, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pacific Mercantile Bank - Overview

  • General
  • FDIC Certificate #: 34940
    Status: Active
    Federal Reserve ID: 2717012
    Bank Holding Company (Regulatory Top Holder): Pacific Mercantile Bancorp (RSSDID: 2869733, Location: Costa Mesa, CA)
    Date Established: March 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 62114
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 949 South Coast Drive, 3rd. Floor, Costa Mesa, CA 92626
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,017.8 mil
    Equity capital: $95.4 mil
    Deposits held in domestic offices: $863.5 mil
    Return on assets (ROA): 0.50% ($5.1 mil)
    Quarterly return on assets: 0.14% ($1.4 mil)
    Return on Equity (ROE): 5.87% ($5.6 mil)
    Quarterly return on equity: 1.49% ($1.4 mil)
    Net income: $5.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.57% ($5,801.3 mil)
    Quarterly Pretax return on assets: 0.21% ($2,137.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 343Total employees (full-time equivalent)
  • $1,017,778Total assets
  • $97,891Cash and due from depository institutions
  • $87,610Interest-bearing balances
  • $147,909Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $709,494Net loans & leases
  • $14,210Loan loss allowance
  • $0Trading account assets
  • $977Bank premises and fixed assets
  • $36,421Other real estate owned
  • $0Goodwill and other intangibles
  • $1,017,778Life insurance assets
  • $25,086All other assets
  • $922,388Total liabilities and capital
  • $863,497Total liabilities
  • $698,996Total deposits
  • $863,497Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $49,822Trading liabilities
  • $0Other borrowed funds
  • $9,069Subordinated debt
  • $95,390All other liabilities
  • $95,390Total equity capital
  • $95,390Total bank equity capital
  • $0Perpetual preferred stock
  • $30,875Common stock
  • $70,920Surplus
  • $-6,405Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $66,154Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,864Income earned, not collected on loans
  • $577Earning assets
  • $2,583Long-term assets (5+ years)
  • $945,013Average Assets, year-to-date
  • $278,711Average Assets, quarterly
  • $1,004,335Volatile liabilities
  • $1,012,553Insider loans
  • $812,332FHLB advances
  • $1,012,213Loans and leases held for sale
  • $6,436Unused loan commitments
  • $6,436Tier 1 (core) risk-based capital
  • $96,332Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $120,960Restructured Loans and leases
  • $7,762Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $44,364Total interest income
  • $10,591Total interest expense
  • $33,773Net interest income
  • -$1,250Provision for loan and lease losses
  • $8,081Total noninterest income
  • $0Fiduciary activities
  • $1,058Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,023Additional noninterest income
  • $37,644Total noninterest expense
  • $16,709Salaries and employee benefits
  • $3,544Premises and equipment expense
  • $17,391Additional noninterest expense
  • $5,460Pre-tax net operating income
  • $236Securities gains (losses)
  • $688Applicable income taxes
  • $5,008Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,008Net income attributable to bank
  • $0Net charge-offs
  • $5,008Cash dividends
  • $2,641Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 5.87%Return on equity (ROE)
  • 5.87%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • -47.33%Credit loss provision to net charge-offs
  • 1.59%Efficiency ratio
  • 89,941Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 119.77%Noncurrent assets plus other real estate owned to assets
  • 4.78%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 82.17%Net loans and leases to core deposits
  • 96.70%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,004,335Average earning assets
  • $85,325Average equity
  • $937,368Average loans

List of branches

  • 10 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062114Pacific Mercantile Bank949 South Coast Drive, 3rd. Floor, Costa Mesa, CA 92626March 01, 1999Full Service Brick and Mortar
    1290856San Juan Capistrano Branch31601 Avenida Los Cerritos Ste 100, San Juan Capistrano, CA 92675September 17, 1999Full Service Brick and Mortar
    2357218Internet Banking Branch949 South Coast Dr, 3rd Fl., Costa Mesa, CA 92626March 01, 1999Full Service Cyber
    3361224Costa Mesa Branch949 South Coast Dr., Ste 105, Costa Mesa, CA 92626June 25, 2001Full Service Brick and Mortar
    4363512Beverly Hills Branch9720 Wilshire Boulevard, Suite 100, Beverly Hills, CA 90212July 01, 2001Full Service Brick and Mortar
    5363532Newport Beach Branch450 Newport Center Drive, Suite 100, Newport Beach, CA 92660March 01, 1999Full Service Brick and Mortar
    6365282La Jolla Branch4225 Executive Square Ste. 150, La Jolla, CA 92037May 28, 2002Full Service Brick and Mortar
    7365283La Habra Branch721 W. Whittier Blvd, Ste. G, La Habra, CA 90631June 03, 2002Limited Service Loan Production
    8431550La Habra Branch1530 West Whittier Blvd.Ste B, La Habra, CA 90631September 08, 2003Full Service Brick and Mortar
    10443460Ontario Branch3257 Guasti Road Suite 110, Ontario, CA 91761June 15, 2005Full Service Brick and Mortar

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