Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Parent Company Balance Sheets

Financial information for Pacific Continental Corporation (Parent Company only) is presented below:

BALANCE SHEETS

	December 31,		December 31,
	2012		2011
Assets:
Cash deposited with the Bank	$	2,465	$	7,273
Prepaid expenses		16		11
Equity in Trust		248		248
Investment in the Bank, at cost plus equity in earnings		188,935		179,618
	$	191,664	$	187,150
Liabilities and shareholders’ equity:
Liabilities	$	35	$	36
Junior subordinated debentures		8,248		8,248
Shareholders’ equity		183,381		178,866
	$	191,664	$	187,150

Schedule of Parent Company Statements of Operations

STATEMENTS OF OPERATIONS

For the Years Ended December 31

	2012		2011			2010
Income:
Cash dividends from the Bank	$	6,755	$	15		$	16
		6,755		15			16
Expenses:
Interest expense		151		136			510
Investor relations		124		112			67
Legal, registration expense, and other		128		55			141
Personnel costs paid to Bank		151		140			132
		554		443			850
Income (loss) before income tax expense and equity in undistributed earnings (loss) from the Bank		6,201		(428	)		(834	)
Income tax benefit		193		162			317
Equity in undistributed earnings of the Bank		6,259		5,607			5,609
Net income	$	12,653	$	5,341		$	5,092

Schedule of Parent Company Statements of Cash Flow

STATEMENTS OF CASH FLOWS

For the Years Ended December 31

	2012			2011			2010
Cash flows from operating activities:
Net income	$	12,653		$	5,341		$	5,092
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed (earnings) from the Bank		(6,259	)		(5,607	)		(5,609	)
Excess tax benefit of stock options exercised		(10	)		(14	)		(11	)
Other, net		28			(197	)		(95	)
Net cash used in operating activities		6,412			(477	)		(623	)
Cash flows from investing activities:
Investment in bank subsidiary		—			—			—
Net cash provided by investing activities		—			—			—
Cash flows from financing activities:
Proceeds from stock options exercised		69			89			104
Income tax benefit for stock options exercised		10			14			11
Repurchase of Common Stock		(5,676	)		—			—
Proceeds from share issuance		70			56			38
Dividends paid		(5,588	)		(1,842	)		(736	)
Vested RSUs surrendered to cover tax consequences		(105	)		—			—
Net cash provided by (used in) financing activities		(11,220	)		(1,683	)		(583	)
Net increase (decrease) in cash		(4,808	)		(2,160	)		(1,206	)
Cash, beginning of period		7,273			9,433			10,639
Cash, end of period	$	2,465		$	7,273		$	9,433