Parent Company Financial Information (Tables) - Corporation

12 Months Ended

Dec. 31, 2017

Parent Company Financial Information

Schedule of condensed balance sheets

PACIFIC PREMIER BANCORP, INC.
STATEMENTS OF FINANCIAL CONDITION
(Parent company only)
	At December 31,
	2017		2016
	(dollars in thousands)
Assets
Cash and cash equivalents	$	17,097	$	15,124
Investment in subsidiaries	1,329,961		513,606
Other assets	2,599		2,400
Total Assets	$	1,349,657	$	531,130
Liabilities
Subordinated debentures	$	105,123	$	69,383
Accrued expenses and other liabilities	2,538		2,007
Total Liabilities	107,661		71,390
Total Stockholders’ Equity	1,241,996		459,740
Total Liabilities and Stockholders’ Equity	$	1,349,657	$	531,130

Schedule of condensed statements of operations

PACIFIC PREMIER BANCORP, INC.
STATEMENTS OF OPERATIONS
(Parent company only)
	For the Years Ended December 31,
	2017			2016			2015
	(dollars in thousands)
Income
Interest income	$	36		$	31		$	27
Noninterest income	—			—			—
Total income	36			31			27
Expense
Interest expense	4,720			3,844			3,937
Noninterest expense	8,956			3,769			2,831
Total expense	13,676			7,613			6,768
Loss before income tax provision	(13,640		)	(7,582		)	(6,741		)
Income tax benefit	(5,417		)	(2,785		)	(2,783		)
Net loss (parent only)	(8,223		)	(4,797		)	(3,958		)
Equity in net earnings of subsidiaries	68,323			44,900			29,473
Net income	$	60,100		$	40,103		$	25,515

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,
	2017			2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES	(dollars in thousands)
Net income	$	60,100		$	40,103		$	25,515
Adjustments to reconcile net income to cash used in operating activities:
Share-based compensation expense	5,809			2,729			1,165
Equity in undistributed earnings of subsidiaries and dividends from the bank	(68,323		)	(44,901		)	(29,473		)
Increase (decrease) in accrued expenses and other liabilities	(365		)	240			166
(Decrease) increase in current and deferred taxes	(896		)	—			3,566
Decrease (increase) in other assets	1,714			4,794			(6,893		)
Net cash (used in) provided by operating activities	(1,961		)	2,965			(5,954		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock, net of issuance cost	—			—			—
Repurchase of common stock	(1,258		)	(125		)	(116		)
Proceeds from exercise of options and warrants	4,592			1,107			758
Capital contribution to Bank	600			7,765			(10,000		)
Proceeds from issuance of subordinated debentures	—			—			—
Net cash provided by (used in) financing activities	3,934			8,747			(9,358		)
Net increase (decrease) in cash and cash equivalents	1,973			11,712			(15,312		)
Cash and cash equivalents, beginning of year	15,124			3,412			18,724
Cash and cash equivalents, end of year	$	17,097		$	15,124		$	3,412