v3.19.1
Condensed Financial Statements for Parent Company - Cash Flow (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Aug. 14, 2018
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
Cash flows from operating activities                        
Net income   $ 6,732 $ 6,543 $ 4,762 $ 6,264 $ 2,339 $ 4,806 $ 4,860 $ 4,398 $ 24,301 $ 16,403 $ 14,002
Adjustments to reconcile net income to net cash provided by operating activities:                        
Net cash provided by operating activities                   35,080 24,684 40,197
Cash flows from investing activities:                        
Net cash used in investing activities                   (172,515) (218,980) (213,952)
Cash flows from financing activities:                        
Stock issued under stock offering, net of expenses $ 45,000                 45,037 0 15,194
Stock options exercised                   310 134 569
Cash dividends paid on common stock                   (1,760) (1,609) (1,380)
Net cash provided by financing activities                   226,050 198,003 166,756
Net increase (decrease) in cash and cash equivalents                   88,615 3,707 (6,999)
Cash and cash equivalents at beginning of year         73,658       69,951 73,658 69,951 76,950
Cash and cash equivalents at end of year   162,273       73,658       162,273 73,658 69,951
Pacific City Financial Corporation                        
Cash flows from operating activities                        
Net income                   24,301 16,403 14,002
Adjustments to reconcile net income to net cash provided by operating activities:                        
Equity in undistributed subsidiary income                   (23,253) (15,101) (14,227)
Change in other assets                   (29) 3 (12)
Change in other liabilities                   19 (28) 28
Net cash provided by operating activities                   1,038 1,277 (209)
Cash flows from investing activities:                        
Capital contribution to subsidiary                   (44,361) 0 (14,500)
Net cash used in investing activities                   (44,361) 0 (14,500)
Cash flows from financing activities:                        
Stock issued under stock offering, net of expenses                   45,037 0 15,194
Stock options exercised                   310 134 569
Cash dividends paid on common stock                   (1,760) (1,609) (1,380)
Net cash provided by financing activities                   43,587 (1,475) 14,383
Net increase (decrease) in cash and cash equivalents                   264 (198) (326)
Cash and cash equivalents at beginning of year         $ 990       $ 1,188 990 1,188 1,514
Cash and cash equivalents at end of year   $ 1,254       $ 990       $ 1,254 $ 990 $ 1,188