v3.19.1
Condensed Financial Statements for Parent Company - Condensed Statements of Income and Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income:                      
Other income                 $ 1,234 $ 1,071 $ 1,083
Expense:                      
Other expenses                 3,516 2,460 2,335
Total noninterest expense $ 10,135 $ 9,520 $ 10,940 $ 9,631 $ 9,620 $ 8,958 $ 8,796 $ 8,521 40,226 35,895 32,514
Income (loss) before taxes and equity in undistributed subsidiary income 9,666 9,359 6,790 8,930 6,962 8,300 8,444 7,636 34,745 31,342 24,403
Income tax benefit 2,934 2,816 2,028 2,666 4,623 3,494 3,584 3,238 10,444 14,939 10,401
Net income $ 6,732 $ 6,543 $ 4,762 $ 6,264 $ 2,339 $ 4,806 $ 4,860 $ 4,398 24,301 16,403 14,002
Other comprehensive loss, net of tax                 (424) (450) (135)
Total comprehensive income                 23,877 15,953 13,867
Pacific City Financial Corporation                      
Income:                      
Dividends from subsidiary                 1,694 1,566 0
Other income                 0 0 23
Total income                 1,694 1,566 23
Expense:                      
Other expenses                 923 454 415
Total noninterest expense                 923 454 415
Income (loss) before taxes and equity in undistributed subsidiary income                 771 1,112 (392)
Income tax benefit                 (277) (190) (167)
Income (loss) before equity in undistributed subsidiary income                 1,048 1,302 (225)
Equity in undistributed subsidiary income                 23,253 15,101 14,227
Net income                 24,301 16,403 14,002
Other comprehensive loss, net of tax                 (424) (450) (135)
Total comprehensive income                 $ 23,877 $ 15,953 $ 13,867