# PACIFIC MERCANTILE BANK
COSTA MESA, CA · FDIC certificate 34940 · asset band $1-10B · latest filing 2021-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.49B | |
| Deposits | $1.29B | |
| Loans and leases | $982.4M | |
| Total equity | $183.0M | |
| Loans / deposits | 74.68% (p51 of band) | 74.28% |
| Liquid assets / assets | 31.86% (p51 of band) | |
| Uninsured deposits / deposits | 65.87% (p96 of band) | 32.26% |
| Brokered deposits | 12.87% | |
| Wholesale funding | 12.87% (p89 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.98% (p86 of band) | 9.58% |
| Unrealized securities loss / equity | -0.35% (p30 of band) | 0.34% |
| AOCI / equity | -0.44% (p68 of band) | |
| ROA (annualized) | 1.04% (p30 of band) | 1.23% |
| Net interest margin | 3.22% (p48 of band) | 3.24% |
| Efficiency ratio | 60.05% (p51 of band) | |
| Noncurrent loans | 2.21% (p96 of band) | 0.38% |
| Net charge-offs (annualized) | 0.02% (p66 of band) | |
| Reserve coverage of noncurrent | 79.14% | |
| Real estate % of loans | 56% | |
| Construction % of loans | 7.08% (p10 of band) | |
| Auto loans | $75.9M (7.72% of loans; DQ 0.35%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | -8.3% | |
| Employees | 118 | |

## Flags firing in the latest filing

- **uninsured deposits >50%** (`liq_uninsured`)
- **brokered >10%** (`liq_brokered`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 | expense ratio p90 | reserve under noncurrent |
| 2012-03 | 2 | reserve under noncurrent |  |
| 2012-06 | 1 |  | expense ratio p90 |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | expense ratio p90 |  |
| 2013-03 | 2 | losing money | reserve under noncurrent |
| 2013-06 | 4 | deposits shrinking, assets shrinking |  |
| 2013-09 | 5 | loans exceed deposits |  |
| 2013-12 | 4 |  | loans exceed deposits |
| 2014-03 | 2 | capital falling | losing money, deposits shrinking, assets shrinking |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | noncurrent p90, reserve under noncurrent | capital falling |
| 2014-12 | 3 |  |  |
| 2015-03 | 4 | charge-offs p90 |  |
| 2015-06 | 4 |  |  |
| 2015-09 | 1 |  | noncurrent p90, reserve under noncurrent, charge-offs p90 |
| 2015-12 | 4 | brokered >10%, noncurrent p90, reserve under noncurrent |  |
| 2016-03 | 4 |  |  |
| 2016-06 | 4 | losing money, charge-offs p90 | noncurrent p90, reserve under noncurrent |
| 2016-09 | 6 | wholesale funding >15%, capital falling |  |
| 2016-12 | 5 |  | capital falling |
| 2017-03 | 2 |  | losing money, charge-offs p90, wholesale funding >15% |
| 2017-06 | 3 | wholesale funding >15% |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | capital falling, charge-offs p90 | expense ratio p90 |
| 2018-06 | 3 | uninsured deposits >50%, run vulnerability | wholesale funding >15%, capital falling, charge-offs p90 |
| 2018-09 | 4 | wholesale funding >15% |  |
| 2018-12 | 3 |  | wholesale funding >15% |
| 2019-03 | 4 | wholesale funding >15%, charge-offs p90 | run vulnerability |
| 2019-06 | 4 |  |  |
| 2019-09 | 6 | run vulnerability, reserve under noncurrent |  |
| 2019-12 | 5 |  | wholesale funding >15% |
| 2020-03 | 6 | wholesale funding >15%, losing money, noncurrent p90 | brokered >10%, run vulnerability |
| 2020-06 | 6 | brokered >10%, run vulnerability | wholesale funding >15%, losing money |
| 2020-09 | 5 |  | noncurrent p90 |
| 2020-12 | 4 | noncurrent p90 | brokered >10%, run vulnerability |
| 2021-03 | 5 | brokered >10%, run vulnerability | charge-offs p90 |
| 2021-06 | 6 | deposits shrinking, assets shrinking | run vulnerability |
| 2021-09 | 6 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2013-04-23 [New CEO named at Pacific Mercantile Bank - ocregister.com](https://news.google.com/rss/articles/CBMihgFBVV95cUxPRk1jT0k3Y1MwRjdreUhOQzFBNmdyNWM3RE0wWDNxY0FWcjlTVElnbG9qMlNRYjBNb3RLa2dWVV91WTFQRFpoNXpKZG5wbTBaOXlWOVhLaDJIY05hMnRaWEF4VTJOaklOdDFXeXdmTTdZc1BOV0RaNnBJWTF6c3RaUE5lODZ2Zw?oc=5) · ocregister.com
- 2020-07-08 [New SACA president is former bank executive/ appraiser and Lancaster Catholic grad - LancasterOnline](https://news.google.com/rss/articles/CBMi_wFBVV95cUxNdkJ0YVdPRFJMRENTM2I0Tl9RNVRrSDNWVUxBbWctQ1ZJcTU2VUUzems1bmtpZkphN3dxVG9pZ29rSkRIM092eDBFbmxTVGxXVTJNb29pSXpmV00xUXZ4N2NrejJwbkVSeFBJTkcwWUNteHRaeDk4bk93VXo2dkR5TFlSYUo0U015WkluYmhNLWlKVVk5aUdMSjlrYmszZERIUGFaRzA2T3pGWGpxczFnRXJTTGtGLUQtN1N1YUNhN2pfNnJHcy1EcWhfalRHa2RjM1RzT0g3VzdBbHlhWm9EbVMxdEg5U1dfd1JTVVpBQWJjTGtFeGRLN0VoY1g1c28?oc=5) · LancasterOnline
- 2019-02-14 [Pacific Mercantile Bank Provides $9.75 Million Credit Facility to Cambelt International - GlobeNewswire](https://news.google.com/rss/articles/CBMi7wFBVV95cUxNUUh4a2ROQjdqQUNuMGpiZXpwOWtaTUJ6VjVUZm11eDR5cnpkU0lGUlQyTEE1eE01ZkhIaUtHcU9OOTVITEpCcV8wSWJSMXRtZlBHdXZUNHFpWS0yaHFlQV9aNjYySnk5Q0hJYUhMTVBfX0dHR3Y3Yk5lNG5jQktOVVRjOWdZM3kzcGlHTDBlY0tMNDRhaWU4UU5oQzJ5bjZyYk9UVFlKY0oxVzZISlNsQ0NSVldPZjE2V3JUSkVSdUNCamtQQm9XYnFYLWRDdnFoaFhZbmpJcDJ4RFBfNjQ2OW1uV2pheFQ4dUhWd1NwMA?oc=5) · GlobeNewswire
- 2013-04-23 [Pacific Mercantile Bank Gets New Chief Executive - Orange County Business Journal](https://news.google.com/rss/articles/CBMijAFBVV95cUxPNE1PNkstdHg0Z2FxS3ZVOXNpYmoyV1dwWFlLcS1NTFY3OS1uNW5yUmR1VEpIMlFXdUhObnhGWTRSRkxiTDQzR2UzOXREOHhpUDJ5LTRTSkNldGxHeHZrOGV6WVIyYWhXanB3b2lETzNXNnVXYlB5dFpvVXdEZGxPMUZJVFdGX1htZzFLaw?oc=5) · Orange County Business Journal
- 2022-05-27 [Santa Cruz County Bank Names Maxwell Sinclair EVP Chief Risk Officer - TPG Online Daily](https://news.google.com/rss/articles/CBMinAFBVV95cUxOUjZVMzdEMGNrMnk4ZFo0Vk5PVjRoRzFlX244Sno1ZWExNXRtUXpzQmpXcHlBbTBER3JNSkVJdDkwMUZSUmw5NHVSRlNwblk5U05rVzVEbGwyV1Vha3drc0FORDBjTHhYYlNFRmRNOWVPendDMUJjMUo5WmIyZHctbDQxZ216ZXRCSG9wM1BpWFU5ajhOYW1zZ2x6RC3SAZwBQVVfeXFMTlI2VTM3RDBjazJ5OGRaNFZOT1Y0aEcxZV9uOEp6NWVhMTV0bVF6c0JqV3B5QW0wREdyTUpFSXQ5MDFGUlJsOTR1UkZTcG5ZOVNOa1c1RGxsMldVYWt3a3NBTkQwY0x4WGJTRUZkTTllT3p3QzFCYzFKOVpiMmR3LWw0MWdtemV0QkhvcDNQaVhVOWo4TmFtc2dsekQt?oc=5) · TPG Online Daily
- 2018-09-14 [Pacific Mercantile Bancorp Reports Sale of Carpenter Community BancFund Ownership Interest to Institutional Investors - GlobeNewswire](https://news.google.com/rss/articles/CBMimAJBVV95cUxNVy1xSTNQWTFJVXV6Sl90QnB3NVdUMWg1N283MmpfRXduLUJ3WFViLXU0MGtiM25TcWZQTlJFNTZ1Rzl6WTFkQXdYQW9DQ3lnVlRtNmlMazNPbFV3bVdXNnphSl9hSkhUUkxkWkoyVC02SE84VHNJS3ZFNDJ6NThZRU9zaDdadTJPS0E1bmlrc2VxbVhxZ2MxcUhrVUplTlpDQ2gtZFI2TXFtU1JBaHdlSkkyc0lOSDFfNWVJTXA0cDFMS0hlSC1iU2xkeFY1MFN5clZ0RkxLajNqOVA0Wk9OZnhvamJEeWNCenlBcHQ2MW9TTXlvaFlHQ1dMMTZabnZHWkpsUFJBbmRzRXRnNkEyWXJleG5Pd2F3?oc=5) · GlobeNewswire
- 2021-05-22 [BRAD DINSMORE - Orange County Business Journal](https://news.google.com/rss/articles/CBMiZEFVX3lxTE1LWlE2WDkwLTlFR1l0MVVpV3lSUElTUHJFT0VrSVhMQVFJb00xX0RvYVBNTGpwMWRMZ0FOUFEzLVA4WmV6RzFnYXQzejBhTWZTLXVBS2Jka2IxczJ0U3pkdkUtTDM?oc=5) · Orange County Business Journal
- 2011-09-29 [Jury sends $2.1 million message - ocregister.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE9nQ3gyMjZHNDBFQVY1Y0haSGJJMDFLeG5KdHRjQmt4NDJxRHhfak4xak9FSmpPX09odnZTN1lHcVF4T1BSb2o3VTZCbEJ0UlhELVB1MVE2M0llbXg3OGh6OGNyR1Y1X0hta0xSQ3NNRkNQQXhPUDVj?oc=5) · ocregister.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34940 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/60.json (key "34940", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide