PCB BANCORP (PCB) SEC Filings & Earnings Calls

Repurchase program discretionary; no obligation to buy specific number of shares

“Repurchase program does not obligate the Company to purchase any specific number of shares” · word for word

Nonaccrual loan increase

“Nonaccrual loans held-for-investment to loans held-for-investment 0.30 % 0.28 %” · word for word

Uninsured deposit concentration

“Estimated total deposits not covered by deposit insurance $ 1,363,432” · word for word

Commercial real estate concentration

“Total commercial real estate 2,037,716 69.5 %” · word for word

Provision for credit losses increased to $926K from $467K prior quarter.

“Provision for credit losses was $926 thousand for the current quarter compared with $467 thousand for the previous quarter” · word for word

Geopolitical uncertainty and inflation risk

“Management believes that increased uncertainty from recent global geopolitical events, which have disrupted trade routes, increased energy costs, and added inflationary pressure, is likely to negatively affect overall economic conditions.” · word for word

Nonperforming assets increase

“Nonperforming assets increased 17.3% to $9.3 million at March 31, 2026 from $7.9 million at December 31, 2025.”

Uninsured deposit concentration

“Estimated total deposits not covered by deposit insurance were $1.36 billion at March 31, 2026, an increase of 7.4% from $1.27 billion at December 31, 2025.” · word for word

Borrowings increased significantly QoQ, indicating potential reliance on wholesale funding.

“Borrowings interest expense $543K vs $41K QoQ, +1224.4%.”

Macroeconomic and geopolitical uncertainty

“In spite of the challenging business environment that was laden with ongoing tragic conflicts in Ukraine and Middle East, shifts in U.S. tariff policy, and volatility in inflation that has challenged the macro economy and the operations of community banks” · word for word

CRE Concentration Regulatory Risk

“As of December 31, 2025, using regulatory definitions in the CRE Concentration Guidance, our CRE loans represented 307.7% of our total risk-based capital, as compared to 297.0%, 280.7% and 253.9% as of December 31, 2024, 2023 and 2022, respectively.” · word for word

SBA Program Dependency

“The gain on sale of SBA loans was $4.6 million and $3.8 million, respectively, or 39.0% and 33.8%, respectively, of the total noninterest income, for the years ended December 31, 2025 and 2024.” · word for word

Trade Policy Exposure

“Many of our commercial borrowers operate in manufacturing or distribution, which are industries that may be particularly sensitive to changes in trade policy.” · word for word

Non-Qualified Mortgage Concentration

“As of such date, all of our residential mortgage loans consisted of non-qualified residential mortgage loans.” · word for word

Deposit cost pressure from elevated market rates and intentional reduction in brokered deposits.

“Retail deposit balance decreased primarily because we intentionally did not compete with marketplace deposit rates that remain elevated despite recent FOMC rate cuts.” · word for word

Credit loss provision increased sequentially from a reversal to $1.0M, indicating potential credit quality normalization.

“Provision (reversal) for credit losses was $1.0 million for the current quarter compared with $(381) thousand for the previous quarter.” · word for word

Credit loss cycle risk

“Total provision for credit losses increased 114.7% for the nine months ended September 30, 2025 compared to the same period in 2024.”

Macroeconomic deterioration risk

“The 2025 year-end year-over-year change in forecasted real GDP decreased to 1.6% in the September 2025 FOMC meeting from 2.1% in December 2024. The forecasted year-end national unemployment rate increased to 4.5% in September 2025 FOMC meeting from 4.3% in December 2024.” · word for word

Nonperforming loan increase risk

“Nonaccrual loans increased 73.8% from $4.7M at Dec 2024 to $8.2M at Sep 2025.”

Deposit concentration risk

“Estimated total deposits not covered by deposit insurance $1.28B at Sep 2025, up 23.0% from Dec 2024.” · word for word