NASDAQ: PBAM
Private Bancorp of America, Inc.CIK 0001705284 · SIC 6021 · National Commercial Banks
Large by assets
Assets $2.7B
as of Sep 9, 2026
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8-K
Filed Sep 11, 2026
· Period ending Sep 5, 2026
Summary not yet generated.
10-Q
Filed Sep 4, 2026
· Period ending Jun 30, 2026
PBAM Q2 net income rises 26% to $13.1M; margin expands 24 bps
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8-K
Filed Aug 17, 2026
· Period ending Aug 17, 2026
Summary not yet generated.
8-K
Filed Aug 11, 2026
· Period ending Aug 11, 2026
Summary not yet generated.
8-K
Filed Aug 10, 2026
· Period ending Aug 10, 2026
Summary not yet generated.
8-K
Filed Jul 29, 2026
· Period ending Jul 29, 2026
Summary not yet generated.
Latest financial statements
From 10-Q filed Sep 4, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income (Unaudited)
(in thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Interest and Dividend Income | ||||
| Interest and fees on loans | 39,038 | 38,004 | 77,005 | 74,569 |
| Interest-bearing deposits at the Federal Reserve Bank | 1,823 | 2,026 | 3,477 | 4,076 |
| Interest on investment securities | 2,255 | 1,593 | 4,376 | 2,887 |
| Dividends on Federal Home Loan Bank stock | 129 | 207 | 669 | 418 |
| Interest on deposits with other financial institutions | 130 | 158 | 261 | 306 |
| Total Interest and Dividend Income | 43,375 | 41,988 | 85,788 | 82,256 |
| Interest Expense | ||||
| Deposits | 9,413 | 11,376 | 18,773 | 23,275 |
| Borrowings | 417 | 499 | 861 | 1,136 |
| Total Interest Expense | 9,830 | 11,875 | 19,634 | 24,411 |
| Net Interest Income | 33,545 | 30,113 | 66,154 | 57,845 |
| Provision (reversal) for credit losses | (204) | 1,293 | 1,815 | 1,592 |
| Net Interest Income After Provision (Reversal) for Credit Losses | 33,749 | 28,820 | 64,339 | 56,253 |
| Noninterest Income | ||||
| Service charges on deposit accounts | 533 | 591 | 1,077 | 1,148 |
| Gain on sale of Small Business Administration (“SBA”) loans | 4 | 523 | 911 | 992 |
| Servicing income, net | 116 | 168 | 270 | 305 |
| Other fees and miscellaneous income | 348 | 448 | 678 | 898 |
| Total Noninterest Income | 1,001 | 1,730 | 2,936 | 3,343 |
| Noninterest Expense | ||||
| Compensation and employee benefits | 11,142 | 10,319 | 21,953 | 20,067 |
| Occupancy and equipment | 876 | 840 | 1,734 | 1,684 |
| Data processing | 1,491 | 1,396 | 2,860 | 2,722 |
| Professional services | 1,061 | 939 | 1,671 | 1,447 |
| Director compensation and expenses | 352 | 221 | 630 | 511 |
| Regulatory assessments | 348 | 338 | 742 | 706 |
| Administrative and other expense | 1,593 | 1,636 | 2,953 | 2,607 |
| Total Noninterest Expense | 16,863 | 15,689 | 32,543 | 29,744 |
| Income Before Provision for Income Taxes | 17,887 | 14,861 | 34,732 | 29,852 |
| Provision for Income Taxes | 4,769 | 4,412 | 9,587 | 8,841 |
| Net Income | 13,118 | 10,449 | 25,145 | 21,011 |
| Net income per common share information | ||||
| Basic Earnings Per Share | 2.29 | 1.80 | 4.39 | 3.63 |
| Diluted Earnings Per Share | 2.27 | 1.77 | 4.34 | 3.57 |
Consolidated Balance Sheets (Unaudited)
(in thousands, except share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | 32,211 | 11,148 |
| Interest-bearing deposits in other financial institutions | 22,275 | 13,523 |
| Interest-bearing deposits at Federal Reserve Bank | 245,869 | 130,344 |
| Cash and Cash Equivalents | 300,355 | 155,015 |
| Interest-bearing time deposits with other financial institutions | 4,344 | 4,355 |
| Debt securities available for sale (amortized cost of $245,967 and $224,794, net of allowance for credit losses of $0 and $0) | 237,074 | 217,837 |
| Loans held for sale | — | 2,330 |
| Loans held for investment | 2,132,724 | 2,126,147 |
| Allowance for loan losses | (30,462) | (29,323) |
| Loans held for investment, net | 2,102,262 | 2,096,824 |
| Federal Home Loan Bank stock, at cost | 11,251 | 10,652 |
| Premises and equipment, net | 2,525 | 2,783 |
| Other real estate owned (“OREO”) | 13,637 | 8,568 |
| Deferred tax asset, net | 11,931 | 10,508 |
| Servicing assets, net | 1,717 | 1,913 |
| Accrued interest receivable | 8,248 | 8,284 |
| Other assets | 14,958 | 15,988 |
| Total Assets | 2,708,302 | 2,535,057 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing deposits | 663,200 | 606,105 |
| Interest-bearing deposits | 1,718,037 | 1,617,776 |
| Total Deposits | 2,381,237 | 2,223,881 |
| Borrowings | 25,979 | 28,976 |
| Accrued interest payable and other liabilities | 15,570 | 18,236 |
| Total Liabilities | 2,422,786 | 2,271,093 |
| Commitments and Contingencies (Note 8) | ||
| Shareholders’ Equity | ||
| Common stock, no par value, 20,000,000 shares authorized; 5,725,696 and 5,728,187 shares issued and outstanding for June 30, 2026 and December 31, 2025, respectively | 78,214 | 76,972 |
| Additional paid-in-capital | 4,264 | 4,389 |
| Retained earnings | 209,263 | 187,473 |
| Accumulated other comprehensive income (loss) | (6,225) | (4,870) |
| Total Shareholders’ Equity | 285,516 | 263,964 |
| Total Liabilities and Shareholders’ Equity | 2,708,302 | 2,535,057 |
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Net income | 25,145 | 21,011 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of premises and equipment | 470 | 628 |
| Provision (reversal) for credit losses | 1,815 | 1,592 |
| Net premium amortization on investment securities | (60) | (40) |
| Gain on sale of SBA loans | (911) | (992) |
| Proceeds from sale of SBA loans | 21,565 | 19,652 |
| Loans originated for sale | (18,682) | (24,815) |
| Amortization of servicing assets | 554 | 461 |
| Noncash interest on loans transferred to OREO | (497) | (617) |
| Amortization of deferred loan fees, costs, premiums and discounts | (1,852) | (1,253) |
| Amortization of debt issuance costs | 4 | 4 |
| Amortization of low-income housing tax credit investments | 244 | 197 |
| Share-based compensation expense | 1,042 | 1,040 |
| Change in accrued interest receivable and other assets | 1,548 | 652 |
| Change in accrued interest payable and other liabilities | (3,836) | (4,642) |
| Net Cash Provided by Operating Activities | 26,549 | 12,878 |
| Cash Flows From Investing Activities | ||
| Change in time deposits with other banks | 11 | (81) |
| Purchases of securities | (52,286) | (63,545) |
| Maturities and principal paydowns of securities | 30,913 | 22,364 |
| Purchase of Federal Home Loan Bank stock | (599) | (1,066) |
| Net (increase) decrease in loans | (10,112) | (3,906) |
| Purchases of property and equipment | (212) | (506) |
| Net Cash Used in Investing Activities | (32,285) | (46,740) |
| Cash Flows From Financing Activities | ||
| Net increase in deposits | 157,356 | 28,420 |
| Net increase in (repayment of) borrowings | (3,000) | (17,000) |
| Share repurchases | (3,000) | — |
| Repurchase of restricted shares for taxes | (733) | (892) |
| Proceeds from exercise of stock options | 453 | 75 |
| Net Cash Provided by Financing Activities | 151,076 | 10,603 |
| Net (Decrease) Increase in Cash and Cash Equivalents | 145,340 | (23,259) |
| Cash and Cash Equivalents, Beginning of Period | 155,015 | 163,878 |
| Cash and Cash Equivalents, End of Period | 300,355 | 140,619 |
| Supplemental Cash Flow Information | ||
| Interest paid | 19,852 | 25,282 |
| Taxes paid | 11,404 | 10,919 |
| Loans transferred to OREO | 4,572 | 7,951 |
| Lease liabilities arising from obtaining right-of-use assets | 1,307 | 1,291 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands, except share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗