XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
INTEREST INCOME    
Loans $ 24,513us-gaap_InterestAndFeeIncomeLoansAndLeases $ 16,585us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities and other interest-earning assets 1,557ppbi_InterestAndDividendIncomeSecuritiesAndOther 1,437ppbi_InterestAndDividendIncomeSecuritiesAndOther
Total interest income 26,070us-gaap_InterestAndDividendIncomeOperating 18,022us-gaap_InterestAndDividendIncomeOperating
INTEREST EXPENSE    
Deposits 1,606us-gaap_InterestExpenseDeposits 1,069us-gaap_InterestExpenseDeposits
FHLB advances and other borrowings 375ppbi_InterestExpenseFederalHomeLoanBankAdvancesAndOtherBorrowings 243ppbi_InterestExpenseFederalHomeLoanBankAdvancesAndOtherBorrowings
Subordinated debentures 971us-gaap_InterestExpenseSubordinatedNotesAndDebentures 75us-gaap_InterestExpenseSubordinatedNotesAndDebentures
Total interest expense 2,952us-gaap_InterestExpense 1,387us-gaap_InterestExpense
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 23,118us-gaap_InterestIncomeExpenseNet 16,635us-gaap_InterestIncomeExpenseNet
PROVISION FOR LOAN LOSSES 1,830us-gaap_ProvisionForLoanAndLeaseLosses 949us-gaap_ProvisionForLoanAndLeaseLosses
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 21,288us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 15,686us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
NONINTEREST INCOME    
Loan servicing fees 901us-gaap_ServicingFeesNet 856us-gaap_ServicingFeesNet
Deposit fees 582us-gaap_FeesAndCommissionsDepositorAccounts 454us-gaap_FeesAndCommissionsDepositorAccounts
Net gain from sales of loans   548us-gaap_GainLossOnSalesOfLoansNet
Net gain from sales of investment securities 116us-gaap_GainLossOnSaleOfSecuritiesNet 62us-gaap_GainLossOnSaleOfSecuritiesNet
Other-than-temporary-impairment recovery (loss) on investment securities, net   13us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
Other income 427us-gaap_NoninterestIncomeOtherOperatingIncome 119us-gaap_NoninterestIncomeOtherOperatingIncome
Total noninterest income 2,026us-gaap_NoninterestIncome 2,052us-gaap_NoninterestIncome
NONINTEREST EXPENSE    
Compensation and benefits 9,522us-gaap_LaborAndRelatedExpense 6,891us-gaap_LaborAndRelatedExpense
Premises and occupancy 1,829us-gaap_OccupancyNet 1,588us-gaap_OccupancyNet
Data processing and communications 702us-gaap_CommunicationsAndInformationTechnology 1,131us-gaap_CommunicationsAndInformationTechnology
Other real estate owned operations, net 48ppbi_OtherRealEstateOwnedOperationsNet 13ppbi_OtherRealEstateOwnedOperationsNet
FDIC insurance premiums 314us-gaap_FederalDepositInsuranceCorporationPremiumExpense 237us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Legal, audit and professional expense 521us-gaap_ProfessionalFees 593us-gaap_ProfessionalFees
Marketing expense 603us-gaap_MarketingExpense 176us-gaap_MarketingExpense
Office and postage expense 499us-gaap_SuppliesAndPostageExpense 369us-gaap_SuppliesAndPostageExpense
Loan expense 193us-gaap_DebtIssuanceCosts 184us-gaap_DebtIssuanceCosts
Deposit expense 805ppbi_DepositExpense 761ppbi_DepositExpense
Merger related expense 3,992us-gaap_BusinessCombinationIntegrationRelatedCosts 626us-gaap_BusinessCombinationIntegrationRelatedCosts
Other expense 1,441us-gaap_OtherNoninterestExpense 972us-gaap_OtherNoninterestExpense
Total noninterest expense 20,469us-gaap_NoninterestExpense 13,541us-gaap_NoninterestExpense
NET INCOME BEFORE INCOME TAX 2,845us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 4,197us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
INCOME TAX 1,056us-gaap_IncomeTaxExpenseBenefit 1,565us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 1,789us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 2,632us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
EARNINGS PER SHARE    
Basic (in dollars per share) $ 0.09us-gaap_EarningsPerShareBasic $ 0.15us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.09us-gaap_EarningsPerShareDiluted $ 0.15us-gaap_EarningsPerShareDiluted
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 20,091,924us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 17,041,594us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 20,382,832us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 17,376,001us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding