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Regulatory Matters | 6 Months Ended
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Jun. 30, 2026
Regulated Operations [Abstract] |
Regulatory Matters | Regulatory Matters The Company and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Under the final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks, the Company and Bank must hold a capital conservation buffer of 2.50% above the minimum adequately capitalized risk-based capital ratios to avoid restrictions on dividends, stock repurchase, discretionary bonuses and other payments. Management believes as of June 30, 2026 and December 31, 2025, the Company and the Bank met all capital adequacy requirements to which they are subject. The Company and the Bank’s capital conservation buffers were 6.91% and 6.58%, respectively, as of June 30, 2026, and 6.96% and 6.72%, respectively, as of December 31, 2025. Unrealized gain or loss on securities available-for-sale is not included in computing regulatory capital. The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of the dates indicated:
|  | Actual |  | Minimum Capital Adequacy Requirement |  | To Be Well Capitalized Under Prompt Corrective Provisions
($ in thousands) |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
June 30, 2026 |  |  |  |  |  |  |  |  |  |  |  |
PCB Bancorp |  |  |  |  |  |  |  |  |  |  |  |
Common tier 1 capital (to risk-weighted assets) |  | $ | 336,642 |  |  | 11.41 | % |  | $ | 132,770 |  |  | 4.5 | % |  | N/A |  | N/A
Total capital (to risk-weighted assets) |  | 442,042 |  |  | 14.98 | % |  | 236,035 |  |  | 8.0 | % |  | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) |  | 405,783 |  |  | 13.75 | % |  | 177,026 |  |  | 6.0 | % |  | N/A |  | N/A
Tier 1 capital (to average assets) |  | 405,783 |  |  | 11.89 | % |  | 136,460 |  |  | 4.0 | % |  | N/A |  | N/A
PCB Bank |  |  |  |  |  |  |  |  |  |  |  |
Common tier 1 capital (to risk-weighted assets) |  | $ | 393,709 |  |  | 13.35 | % |  | $ | 132,722 |  |  | 4.5 | % |  | $ | 191,710 |  |  | 6.5 | %
Total capital (to risk-weighted assets) |  | 429,968 |  |  | 14.58 | % |  | 235,950 |  |  | 8.0 | % |  | 294,938 |  |  | 10.0 | %
Tier 1 capital (to risk-weighted assets) |  | 393,709 |  |  | 13.35 | % |  | 176,963 |  |  | 6.0 | % |  | 235,950 |  |  | 8.0 | %
Tier 1 capital (to average assets) |  | 393,709 |  |  | 11.54 | % |  | 136,418 |  |  | 4.0 | % |  | 170,522 |  |  | 5.0 | %
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
PCB Bancorp |  |  |  |  |  |  |  |  |  |  |  |
Common tier 1 capital (to risk-weighted assets) |  | $ | 325,048 |  |  | 11.46 | % |  | $ | 127,663 |  |  | 4.5 | % |  | N/A |  | N/A
Total capital (to risk-weighted assets) |  | 429,113 |  |  | 15.13 | % |  | 226,956 |  |  | 8.0 | % |  | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) |  | 394,189 |  |  | 13.89 | % |  | 170,217 |  |  | 6.0 | % |  | N/A |  | N/A
Tier 1 capital (to average assets) |  | 394,189 |  |  | 11.89 | % |  | 132,582 |  |  | 4.0 | % |  | N/A |  | N/A
PCB Bank |  |  |  |  |  |  |  |  |  |  |  |
Common tier 1 capital (to risk-weighted assets) |  | $ | 382,620 |  |  | 13.49 | % |  | $ | 127,616 |  |  | 4.5 | % |  | $ | 184,334 |  |  | 6.5 | %
Total capital (to risk-weighted assets) |  | 417,545 |  |  | 14.72 | % |  | 226,873 |  |  | 8.0 | % |  | 283,591 |  |  | 10.0 | %
Tier 1 capital (to risk-weighted assets) |  | 382,620 |  |  | 13.49 | % |  | 170,154 |  |  | 6.0 | % |  | 226,873 |  |  | 8.0 | %
Tier 1 capital (to average assets) |  | 382,620 |  |  | 11.55 | % |  | 132,540 |  |  | 4.0 | % |  | 165,675 |  |  | 5.0 | %
The California Financial Code provides that a bank generally may not make a cash distribution to its shareholders in excess of the lesser of the bank’s undivided profits or the bank’s net income for its last three fiscal years less the amount of any distribution made to the bank’s shareholders during the same period. This law limits the distributions the Bank is permitted to make to the Company. As a California corporation, the Company is subject to the limitations of the California Corporations Code, which allows a corporation to distribute cash or property to shareholders, including a dividend or repurchase or redemption of shares, if the corporation meets either a retained earnings test or a balance sheet test. Under the retained earnings test, the Company may make a distribution from retained earnings to the extent that its retained earnings exceed the sum of (a) the amount of the distribution plus (b) the amount, if any, of dividends in arrears on shares with preferential dividend rights. Under the balance sheet test, the Company may also make a distribution if, immediately after the distribution, the value of its assets equals or exceeds the sum of (a) its total liabilities plus (b) the liquidation preference of any shares which have a preference upon dissolution over the rights of shareholders receiving the distribution. Indebtedness is not considered a liability if the terms of such indebtedness provide that payment of principal and interest thereon are to be made only if, and to the extent that, a distribution to shareholders could be made under the balance sheet test. The Federal Reserve, the Federal Deposit Insurance Corporation (the “FDIC”) and the California Department of Financial Protection and Innovation periodically examine the Company, the Bank and their businesses, including for compliance with laws and regulations. If, as a result of an examination, a banking agency were to determine that the Company’s or the Bank’s financial condition, capital resources, asset quality, earnings prospects, management, liquidity or other aspects of any of their operations had become unsatisfactory, or that the Company or the Bank was in violation of any law or regulation, they may take a number of different remedial actions as they deem appropriate. These actions include the power to enjoin “unsafe or unsound” practices, to require affirmative action to correct any conditions resulting from any violation or practice, to issue an administrative order that can be judicially enforced, to direct an increase in the Company’s or the Bank’s capital, to restrict growth, to assess civil money penalties, to fine or remove officers and directors and, if it is concluded that such conditions cannot be corrected or there is an imminent risk of loss to depositors, to terminate the Bank’s deposit insurance and place the Bank into receivership or conservatorship.

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