Parent Company Financial Information (Tables) - Corporation

12 Months Ended

Dec. 31, 2016

Parent Company Financial Information

Schedule of condensed balance sheets

PACIFIC PREMIER BANCORP, INC.
STATEMENTS OF FINANCIAL CONDITION
(Parent company only)
	At December 31,
	2016		2015
	(dollars in thousands)
Assets:
Cash and cash equivalents	$	15,124	$	3,412
Investment in subsidiaries	513,606		359,143
Other assets	2,400		7,455
Total Assets	$	531,130	$	370,010
Liabilities:
Subordinated debentures	$	69,383	$	69,263
Accrued expenses and other liabilities	2,007		1,767
Total Liabilities	71,390		71,030
Total Stockholders’ Equity	459,740		298,980
Total Liabilities and Stockholders’ Equity	$	531,130	$	370,010

Schedule of condensed statements of operations

PACIFIC PREMIER BANCORP, INC.
STATEMENTS OF OPERATIONS
(Parent company only)
	For the Years Ended December 31,
	2016			2015			2014
	(dollars in thousands)
Income:
Interest income	$	31		$	27		$	36
Noninterest income	—			—			2
Total income	31			27			38
Expense:
Interest expense	3,844			3,937			1,543
Noninterest expense	3,769			2,831			1,874
Total expense	7,613			6,768			3,417
Loss before income tax provision	(7,582		)	(6,741		)	(3,379		)
Income tax benefit	(2,785		)	(2,783		)	(1,275		)
Net loss  (parent only)	(4,797		)	(3,958		)	(2,104		)
Equity in net earnings of subsidiaries	44,900			29,473			18,720
Net income	$	40,103		$	25,515		$	16,616

Schedule of condensed statements of cash flows

PACIFIC PREMIER BANCORP, INC.
SUMMARY STATEMENTS OF CASH FLOWS
(Parent company only)
	For the Years Ended December 31,
	2016			2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES	(dollars in thousands)
Net income	$	40,103		$	25,515		$	16,616
Adjustments to reconcile net income to cash used in operating activities:
Share-based compensation expense	2,729			1,165			514
Equity in undistributed earnings of subsidiaries and dividends from the bank	(44,901		)	(29,473		)	(16,248		)
Increase in accrued expenses and other liabilities	240			166			1,560
Increase (decrease) in current and deferred taxes	—			3,566			(286		)
Decrease (increase) in other assets	4,794			(6,893		)	232
Net cash provided by (used in) operating activities	2,965			(5,954		)	2,388
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock, net of issuance cost	—			—			—
Repurchase of common stock	(125		)	(116		)	(5,638		)
Proceeds from exercise of options and warrants	1,107			758			267
Capital contribution to Bank	7,765			(10,000		)	(40,000		)
Proceeds from issuance of subordinated debentures	—			—			58,834
Net cash provided by (used in) financing activities	8,747			(9,358		)	13,463
Net increase (decrease) in cash and cash equivalents	11,712			(15,312		)	15,851
Cash and cash equivalents, beginning of year	3,412			18,724			2,873
Cash and cash equivalents, end of year	$	15,124		$	3,412		$	18,724