Parent Company Financial Information (Tables) (Corporation)

12 Months Ended

Dec. 31, 2013

Corporation

Parent Company Financial Information

Schedule of condensed balance sheets

PACIFIC PREMIER BANCORP, INC.

STATEMENTS OF FINANCIAL CONDITION

(Parent company only)

	At December 31,
	2013		2012
	(in thousands)
Assets:
Cash and cash equivalents	$	2,873	$	7,027
Deferred income taxes	3,280		4,129
Investment in subsidiaries	179,034		133,560
Other assets	611		411
Total Assets	$	185,798	$	145,127
Liabilities:
Subordinated debentures	$	10,310	$	10,310
Accrued expenses and other liabilities	262		301
Total Liabilities	10,572		10,611
Total Stockholders’ Equity	175,226		134,516
Total Liabilities and Stockholders’ Equity	$	185,798	$	145,127

Schedule of condensed statements of operations

PACIFIC PREMIER BANCORP, INC.

STATEMENTS OF OPERATIONS

(Parent company only)

	For the Years Ended December 31,
	2013			2012			2011
	(in thousands)
Income:
Interest income	$	20		$	4		$	4
Noninterest income	3			24			6
Total income	23			28			10
Expense:
Interest expense	307			326			310
Noninterest expense	2,141			1,138			546
Total expense	2,448			1,464			856
Loss before income tax provision	(2,425		)	(1,436		)	(846		)
Income tax benefit	(827		)	(591		)	(349		)
Net loss (parent only)	(1,598		)	(845		)	(497		)
Equity in net earnings of subsidiaries	10,591			16,621			11,069
Net income	$	8,993		$	15,776		$	10,572

Schedule of condensed statements of cash flows

PACIFIC PREMIER BANCORP, INC.

SUMMARY STATEMENTS OF CASH FLOWS

(Parent company only)

	For the Years Ended December 31,
	2013			2012			2011
	(in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	8,993		$	15,776		$	10,572
Adjustments to reconcile net income to cash used in operating activities:
Share-based compensation expense	943			177			208
Equity in net earnings of subsidiaries	(10,591		)	(16,621		)	(11,069		)
Increase (decrease) in accrued expenses and other liabilities	(39		)	154			(192		)
Increase (decrease) in current and deferred taxes	1,153			93			352
Decrease (increase) in other assets	(504		)	44			(128		)
Net cash used in operating activities	(45		)	(377		)	(257		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividend from Bank	—			800			3,450
Proceeds from issuance of common stock, net of issuance cost	4,560			30,958			—
Repurchase Pacific Premier Bancorp Warrants	—			—			(3,660		)
Repurchase of common stock	(59		)	(195		)	(451		)
Proceeds from exercise of options and warrants	90			237			274
Capital contribution to Bank	(8,700		)	(25,000		)	—
Net cash provided by (used in) financing activities	(4,109		)	6,800			(387		)
Net increase (decrease) in cash and cash equivalents	(4,154		)	6,423			(644		)
Cash and cash equivalents, beginning of year	7,027			604			1,248
Cash and cash equivalents, end of year	$	2,873		$	7,027		$	604