Date of Report (Date of earliest event reported)
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November 9, 2011
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PACIFIC PREMIER BANCORP, INC.
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(Exact name of registrant as specified in its charter)
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DELAWARE
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0-22193
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33-0743196
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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1600 Sunflower Ave, Second Floor, Costa Mesa, CA
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92626
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code
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(714) 431-4000
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Not Applicable
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(Former name or former address, if changed since last report.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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99.1
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Presentation by Pacific Premier Bancorp, Inc., CEO, Steven R. Gardner.
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PACIFIC PREMIER BANCORP, INC.
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Dated:
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November 9, 2011
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By:
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/s/ STEVEN R. GARDNER
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Steven R. Gardner
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President and Chief Executive Officer
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Headquarters:
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Costa Mesa, CA
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Business Focus:
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Small and middle
market businesses
|
Total Assets:
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$928.5 million
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Branches:
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9 locations
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TCE:
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8.91%
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FD Book Value:
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$8.11
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ROAA YTD:
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1.14%
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ROAE YTD:
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13.24%
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Name
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Position
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Age
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Experience
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Steve Gardner
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President & CEO
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50
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27
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Kent Smith
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EVP & Chief Financial Officer
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49
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25
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Eddie Wilcox
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EVP & Chief Banking Officer
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44
|
22
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Mike Karr
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EVP & Chief Credit Officer
|
42
|
21
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Steve Arnold
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SVP & General Counsel
|
41
|
19
|
Tom Rice
|
SVP & Chief Information Officer
|
39
|
18
|
|
(dollars in thousands)
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Balance Sheets
|
QTD
9/30/11
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QTD
6/30/11
|
QTD
3/31/11
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QTD
12/31/10
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QTD
9/30/10
|
Total assets
|
$ 928,502
|
$ 948,111
|
$ 956,482
|
$ 826,816
|
$ 821,320
|
Net loans
|
725,952
|
699,579
|
691,074
|
555,538
|
543,284
|
Total deposits
|
797,378
|
815,985
|
832,786
|
659,240
|
656,791
|
Total borrowings
|
38,810
|
38,810
|
38,810
|
78,810
|
76,810
|
|
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Statements of Operations
|
|
|
|
|
|
Net interest income
|
$ 10,231
|
$ 10,336
|
$ 9,102
|
$ 7,533
|
$ 7,402
|
Provision for loan losses
|
1,322
|
1,300
|
106
|
0
|
397
|
Noninterest income (loss)
|
2,110
|
(1,093)
|
5,239
|
14
|
674
|
Noninterest expense
|
7,074
|
6,855
|
6,359
|
5,009
|
4,809
|
Net income
|
2,460
|
785
|
4,772
|
1,600
|
1,845
|
|
|
|
|
|
|
Bank Capital Ratios
|
|
|
|
|
|
Tier 1 leverage
|
9.29
|
8.80
|
9.09
|
10.29
|
10.15
|
Tier 1 risk based
|
11.32
|
11.47
|
10.29
|
14.03
|
14.01
|
Total risk based
|
12.44
|
12.64
|
11.40
|
15.28
|
15.26
|
Possible failures as of March 31, 2011 within
100 miles of Costa Mesa, California
|
||
|
Texas Ratio
|
# of Institutions
|
Near term
|
100% +
|
10
|
Longer term
|
50% to 100%
|
31
|
|
Average
Loan Size
|
Average
Rate |
Seasoning
(months) |
LTV
|
DCR
|
Real estate loans:
|
|
|
|
|
|
Multi-family
|
$ 989,000
|
6.13%
|
60
|
69%
|
1.18
|
Non O/O CRE
|
$ 1,030,000
|
6.65%
|
53
|
59%
|
1.33
|
Res. 1-4 1st
|
$ 185,000
|
5.19%
|
35
|
63%
|
----
|
Business loans:
|
|
|
|
|
|
O/O CRE
|
$ 684,000
|
6.52%
|
59
|
60%
|
----
|
C & I
|
$ 365,000
|
5.96%
|
28
|
----
|
----
|
SBA
|
$ 148,000
|
6.02%
|
20
|
----
|
----
|
|
9/30/11
|
12/31/10
|
12/31/09
|
12/31/08
|
Balance
|
$212.6
|
$243.6
|
$278.7
|
$287.6
|
Avg. balance
|
$0.989
|
$1.041
|
$1.053
|
$1.053
|
Rate
|
6.13%
|
6.21%
|
6.20%
|
6.30%
|
LTV
|
69%
|
69%
|
67%
|
65%
|
DCR
|
1.18
|
1.20
|
1.20
|
1.47
|
|
9/30/11
|
12/31/10
|
12/31/09
|
12/31/08
|
Balance
|
$165.9
|
$130.5
|
$149.6
|
$163.4
|
Avg. balance
|
$1.030
|
$1.165
|
$1.216
|
$1.202
|
Rate
|
6.65%
|
6.66%
|
6.85%
|
7.04%
|
LTV
|
59%
|
59%
|
59%
|
57%
|
DCR
|
1.33
|
1.30
|
1.42
|
1.54
|
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