8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  February 22, 2006

PACIFIC PREMIER BANCORP, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	0-22193	33-0743196
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1600 Sunflower Ave, Second Floor, Costa Mesa, CA	92626
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code  (714) 431-4000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01  REGULATION FD DISCLOSURE

On February 22, 2006 Pacific Premier Bancorp, Inc. President and CEO, Steven R. Gardner, will be presenting at America’s Community Bankers (“ACB”) Community Bank Investor Conference at 2:00 pm PST.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS

A copy of PPBI’s slide presentation as presented at the America’s Community Bankers (“ACB”) Community Bank Investor Conference on Wednesday, February 22, 2006, is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PACIFIC PREMIER BANCORP, INC.
Dated:  February 22, 2006	By:	/s/ STEVEN R. GARDNER
		Steven R. Gardner
		President and Chief Executive Officer

EX-99.1

Exhibit 99.1

[LOGO OF PACIFIC PREMIER BANCORP, INC.]

America’s Community Bankers

Investor Conference
February 22, 2006

Steven R. Gardner
President & CEO

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TEAMWORK

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Forward-Looking Comments

The statements contained herein that are not historical facts are forward looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties. These include, but are not limited to, the following risks: (1) changes in the performance of the financial markets, (2) changes in the demand for and market acceptance of the Company’s products and services, (3) changes in general economic conditions including interest rates, presence of competitors with greater financial resources, and the impact of competitive projects and pricing, (4) the effect of the Company’s policies, (5) the continued availability of adequate funding sources, and (6) various legal, regulatory and litigation risks.

PPBI Overview

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Southern California Community Bank

Data as of 12/31/05

•	NASDAQ National Market	PPBI
•	Assets	$703 million
•	Fully diluted shares	6,658,240
•	Fully diluted BV	$8.09
•	Annualized ROAA	1.18%
•	Annualized ROAE	15.17%

PPBI Overview

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• Transitioning business model

• Balance Sheet strength, low-risk

• Proven track record of earnings growth

• Favorable relative valuation

Today’s Agenda

Three Phase

Strategic Business Plan

• Phase 1 – Risk Reduction

• Phase 2 – Growth

• Phase 3 – Transition business model

Phase 1

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What We Inherited

Nationwide Subprime Lender

•	Assets	$552 million
•	Loans	$434 million
•	Subprime loans	75%
•	NPA’s	7.8%
•	Employees/Offices	334/10
•	Under capitalized
•	Subject to Regulatory Enforcement

Phase 1

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Completed June 2002

•	Assets	$246 million
•	Loans	$135 million
•	Employees/Offices	63/4
•	Substantial reduction in risk
•	Recapitalized - Private Placement
•	Note and warrant issued
•	Regulatory concerns resolved

Phase 2

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• Loan growth – Multi-family focus

• Re-staff depository branches

• Foundation set for transition

Loan Growth

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Deposit Growth

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Phase 2

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Completed 2004

•	Assets	$543 million
•	Loans	$472 million
•	Secondary Offering	$26 million
•	Note retired
•	Stage set for further growth

Southern California Market

It’s the Economy

Economic Strength

	Orange Cnty			So. Cal.			National
Business Growth		15.9	%		15.7	%		7.4	%
Payroll Growth		42.3	%		45.1	%		28.1	%
Employment Growth		17.0	%		18.3	%		7.5	%
Unemployment Rate		3.8	%		4.6	%		5.0	%
No. of Businesses		82,000			493,000			N/A

Source: U.S. Census Bureau, 2002 data compared to 1997

Market Strength

	OC		So. Cal.
Total Deposits		$64 Billion		$385 Billion
Deposit Growth Rate		13.7%		11.7%
Population		3,000,000		21,900,000
Population Growth		4.96%		6.56%
Median Household Income		$64,611		$51,212
No. of Households		936,000		6,825,000

Sources: Dataplace, Rueters, State of California

Risk Management

Balance Sheet Strength

Asset Quality

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As of September 30, 2005

Nonaccrual Loans to Total Assets	Nationwide(1)			Western Region(1)			PPBI
Multi-Family		0.14	%		0.03	%		0.00	%
Commercial		0.53	%		0.34	%		0.00	%
Single Family		0.80	%		0.81	%		0.24	%*

(1)	Source: Office of Thrift Supervision
*	PPBI Single Family at 0.24% as of 12/31/05

NPA’s to Total Assets

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Loan Characteristics

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Multifamily
Loan to Value	65.13
Debt Coverage Ratio	1.25
Average Balance	$764,916
ARM/3-yr fixed	62%/27%

Commercial RE
Loan to Value	63.54
Debt Coverage Ratio	1.34
Average Balance	$1,050,442
ARM/ 3-yr fixed	55%/25%

Data as of December 31, 2005

Phase 3

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Transition Business Model

• Diversification of Balance Sheet

Diversification

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Commercial RE Growth

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* Includes: Commercial, C&I, Land loans.

Deposit Mix

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As of December 31, 2005

Phase 3

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Transition Business Model

• Diversification of Balance Sheet

• Relationship Banking

Relationship Marketing

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Relationship Marketing

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Relationship Growth

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	9/30/ 2004		12/31/2005
No. Relationships		28		188
Loans	$	29,874,000	$	226,793,000
Deposits	$	969,000	$	16,025,000

Phase 3

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Transition Business Model

• Diversification of Balance Sheet

• Relationship Banking

• Expansion of Branch Network

Southern California Market

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Southern California Market

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Continued Growth

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	Opening		Deposits		5 Year CAGR
Cypress		2006 Q2		877,249,000		9.1	%
Newport Beach		2006 Q3		6,955,902,000		21.2	%
Costa Mesa		2006 Q2		4,892,500,000		5.4	%

* Source:  FDIC, as of June 30, 2005.  Includes surrounding communities.

Attractive Valuation

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Valuation relative to California Peers:

	P/EPS		P/TBV
CA Banks*		18.4x		318	%
PPBI Metrics*		11.2x		151	%
PPBI Asset CAGR				30.7	%**
PPBI EPS CAGR				13.6	%**

*	As of 2/9/06
**	Since 3/31/2002

PPBI Summary

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• Transition to Commercial Bank model

• Low Risk Balance Sheet

• Sustainable earnings growth

• Excellent time to invest

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Trust, Service, Commitment…That’s my Bank.

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