PCB Bancorp (PCB) 2019年年度报告「NASDAQ」.pdf

1、Your Partner,Your Choice,Your BankANNUAL REPORT2019$36 million to$1,479 million and our net loans increased$107 million to$1,438 million.Moreover,our total assets increased by$49 million,or 2.9%,to$1,746 million at the end of 2019,an increase from$1,697 million in 2018.Lastly,our capital ratios are

2、stronger than ever.As of December 31,2019,PCBs total capital ratio was 16.9%and Pacific City Banks(“Bank”)was 16.7%.Since the financial crisis of 2008,we have built an institution that is stronger,wiser,and more united.Although no one could have foreseen COVID-19,we have built our financial position

3、 to deal with events as such,particularly on the availability of liquidity and the strength of our capital.We are assured that we are stronger than ever.As we prepare for this years annual letter to shareholders,we are facing one of the greatest health crisis of our lifetime,impacting everyone and a

4、ll aspects of the economy.Our hearts are with all those impacted by the COVID-19 pandemic.Since the establishment of our institution,it was the sacred goal of our founding members to indiscriminately identify and help those in need.We will not hesitate to mobilize all the resources we have to fulfil

5、l that goal.Financial PerformancePCB Bancorp(“PCB”)confronted this crisis with unprecedented strength.In 2019,we earned a net income of$24.1 million,or$1.49 per diluted share,and our return on assets was 1.40%.Our total deposits increased Dear Shareholders:(Left to Right)Henry Kim President&Chief Ex

6、ecutive OfficerSang Young Lee Chairman of the BoardOUR HEARTS ARE WITH ALL THOSE IMPACTED BY THE COVID-19 PANDEMIC Pacific City Bank Headquarters Company Profile PCB Bancorp is the parent company of Pacific City Bank,a community bank founded in 2003 with a mission to help first generation Asian-Amer