Business Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

We have one reportable business segment, commercial banking. The commercial banking segment provides middle-market businesses, professional firms and individuals with a diversified range of products and services such as various types of deposit accounts, various types of commercial and consumer loans, cash management services, and online banking services.

Since our operating segment derives all of its revenues from interest and noninterest income and interest expense constitutes its most significant expense, this segment is reported below using net interest income (interest income less interest expense) and noninterest income (primarily net gains on sales of Small Business Administration loans and fee income). We do not allocate general and administrative expenses or income taxes to our operating segment.

The following table sets forth information regarding the net interest income and noninterest income for our commercial banking segment for the three and six months ended June 30, 2020 and 2019.

(Dollars in thousands)	Commercial		Other(1)		Total
Net interest income for the three months ended June 30,
2020	$	13,486	$	(168)	$	13,318
2019	$	12,449	$	(230)	$	12,219
Noninterest income for the three months ended June 30,
2020	$	1,159	$	12	$	1,171
2019	$	1,379	$	7	$	1,386
Net interest income for the six months ended June 30,
2020	$	25,155	$	(364)	$	24,791
2019	$	24,733	$	(463)	$	24,270
Noninterest income for the six months ended June 30,
2020	$	2,248	$	17	$	2,265
2019	$	2,862	$	14	$	2,876
Segment Assets at:
June 30, 2020	$	1,685,412	$	2,780	$	1,688,192
December 31, 2019	$	1,414,996	$	1,158	$	1,416,154

(1)Represents net interest income and noninterest income for PMBC.