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

  • Pacific Premier Bank in Costa Mesa, California (CA)
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Pacific Premier Bank - Overview

  • General
  • FDIC Certificate #: 32172
    Status: Active
    Federal Reserve ID: 431172
    Bank Holding Company (Regulatory Top Holder): Pacific Premier Bancorp, Inc. (RSSDID: 3489594, Location: Costa Mesa, CA)
    Date Established: August 05, 1983
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 7946
    FDIC's unique #: 45006
    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: August 05, 1983
    Last Structure Change Effective Date: Febuary 11, 2011
    Last Structure Change Process Date: Febuary 14, 2011
    Last Data Update: Febuary 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1600 Sunflower Avenue, 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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $956.6 mil
    Equity capital: $92.0 mil
    Deposits held in domestic offices: $832.2 mil
    Return on assets (ROA): 1.20% ($11.5 mil)
    Quarterly return on assets: 1.14% ($10.9 mil)
    Return on Equity (ROE): 12.71% ($11.7 mil)
    Quarterly return on equity: 11.78% ($10.8 mil)
    Net income: $11.1 mil
    Quarterly Net income: $2.7 mil
    Pretax return on assets: 1.94% ($18,557.3 mil)
    Quarterly Pretax return on assets: 1.82% ($17,409.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 149Total employees (full-time equivalent)
  • $956,564Total assets
  • $60,207Cash and due from depository institutions
  • $51,376Interest-bearing balances
  • $115,645Securities
  • $28Federal funds sold & reverse repurchase agreements
  • $730,067Net loans & leases
  • $8,522Loan loss allowance
  • $0Trading account assets
  • $9,819Bank premises and fixed assets
  • $1,231Other real estate owned
  • $2,069Goodwill and other intangibles
  • $956,564Life insurance assets
  • $37,498All other assets
  • $864,612Total liabilities and capital
  • $832,189Total liabilities
  • $709,407Total deposits
  • $832,189Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 28500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,923Subordinated debt
  • $91,952All other liabilities
  • $91,952Total equity capital
  • $91,952Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $67,298Surplus
  • $24,654Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,093Income earned, not collected on loans
  • $0Earning assets
  • $3,885Long-term assets (5+ years)
  • $897,116Average Assets, year-to-date
  • $209,937Average Assets, quarterly
  • $919,457Volatile liabilities
  • $940,042Insider loans
  • $772,669FHLB advances
  • $941,008Loans and leases held for sale
  • $12,977Unused loan commitments
  • $12,977Tier 1 (core) risk-based capital
  • $88,793Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $70,652Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,942Total interest income
  • $9,291Total interest expense
  • $41,651Net interest income
  • $3,255Provision for loan and lease losses
  • $2,992Total noninterest income
  • $0Fiduciary activities
  • $935Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,057Additional noninterest income
  • $24,532Total noninterest expense
  • $13,308Salaries and employee benefits
  • $2,975Premises and equipment expense
  • $8,249Additional noninterest expense
  • $16,856Pre-tax net operating income
  • $973Securities gains (losses)
  • $6,760Applicable income taxes
  • $11,069Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,069Net income attributable to bank
  • $0Net charge-offs
  • $11,069Cash dividends
  • $3,612Sale, conversion, retirement of capital stock, net
  • $3,450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.94%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 4.86%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 12.71%Return on equity (ROE)
  • 8.75%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 90.12%Credit loss provision to net charge-offs
  • 5.57%Efficiency ratio
  • 54,952Assets per employee
  • 6.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.17%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 139.87%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 87.73%Net loans and leases to core deposits
  • 93.07%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 11.49%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $919,457Average earning assets
  • $87,110Average equity
  • $857,219Average loans

List of branches

  • 9 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045006Pacific Premier Bank1600 Sunflower Avenue, Costa Mesa, CA 92626August 05, 1983Full Service Brick and Mortar
    104362179Seal Beach Branch13928 Seal Beach Boulevard, Seal Beach, CA 90740June 14, 1999Full Service Brick and Mortar
    105362263Huntington Beach Branch19011 Magnolia Street, Suite 103, Huntington Beach, CA 92646December 07, 1998Full Service Brick and Mortar
    109451899San Bernardino Branch1598 E. Highland Avenue, San Bernardino, CA 92404August 05, 1983Full Service Brick and Mortar
    110451900Cypress/Los Alamitos Branch4957 Katella Avenue, Suite B, Los Alamitos, CA 90720May 16, 2006Full Service Brick and Mortar
    111466254Newport Beach Branch4667 Macarthur Blvd, Suite 100, Newport Beach, CA 92660Febuary 22, 2007Full Service Brick and Mortar
    11261204Smoke Tree Branch1711 East Palm Canyon Drive, Palm Springs, CA 92264July 10, 1998Full Service Brick and Mortar
    113360859Palm Desert Branch74 - 150 Country Club Drive, Palm Desert, CA 92260October 30, 2000Full Service Brick and Mortar
    114437141Tahquitz Branch901 East Tahquitz Canyon Way, Palm Springs, CA 92262January 24, 2005Full Service Brick and Mortar

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