Pacific Mercantile Bancorp (OQ:PMBC)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 949 S Coast Dr Fl 3
COSTA MESA CA 92626-7737
Tel: 1-714-4382531
Website: investors.pmbank.com
IR: See website
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Key People
Denis P. Kalscheur
Chairman of the Board
Bradford R. Dinsmore
President, Chief Executive Officer, Director
Curt Alan Christianssen
Executive Vice President and Chief Financial Officer of the Company and the Bank
Tom Wagner
Executive Vice President, Corporate Finance
Philipp Garcia
Executive Vice President, Chief Information Officer
Maxwell G. Sinclair
Executive Vice President, Chief Compliance Officer of the Company and the Bank
Robert S. Anderson
Executive Vice President and Interim Chief Credit Officer
Cindy S. Verity
Executive Vice President and Head of Cash Management
 
Business Overview
Pacific Mercantile Bancorp is the holding company for Pacific Mercantile Bank (the Bank). The Company's business operations are conducted by the Bank. It operates through commercial banking segment. The Bank offers its customers different loan products, including commercial loans and credit lines, accounts receivable and inventory financing, Small Business Administration (SBA) guaranteed business loans, and owner-occupied commercial real estate loans. Its investments primarily include securities available for sale, which consist of residential mortgage backed securities issued by the United States agencies; residential collateralized mortgage obligations issued by non agencies; asset backed security and mutual funds. Its sources of funds include deposits, and borrowings and contractual obligations. Its deposits consist of noninterest bearing demand deposits, interest-bearing checking accounts, money market and savings deposits, and time deposits.
Financial Overview
For the fiscal year ended 31 December 2020, PacificMercantile Bancorp interest income decreased 8% to $60.6M.Net interest income after loan loss provision increased 6%to $42.9M. Net income applicable to common stockholdersincreased 50% to $8.3M. Net interest income after loan lossprovision reflects Commercial segment increase of 4% to$52.6M. Net income benefited from Deposits decrease of 47%to $7.5M (expense).
Employees: 146 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $197.47M as of Mar 31, 2021
Annual revenue (TTM): N/A
EBITDA (TTM): N/A
Net annual income (TTM): N/A
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 22,320,230 as of Apr 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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