Business Segment Information

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019.

(Dollars in thousands)	Commercial		Other(1)		Total
Net interest income for the three months ended September 30,
2020	$	14,384	$	(130)	$	14,254
2019	$	12,960	$	(217)	$	12,743
Noninterest income for the three months ended September 30,
2020	$	2,240	$	5	$	2,245
2019	$	1,335	$	7	$	1,342
Net interest income for the nine months ended September 30,
2020	$	39,538	$	(494)	$	39,044
2019	$	37,692	$	(680)	$	37,012
Noninterest income for the nine months ended September 30,
2020	$	4,488	$	22	$	4,510
2019	$	4,198	$	21	$	4,219
Segment Assets at:
September 30, 2020	$	1,617,448	$	5,093	$	1,622,541
December 31, 2019	$	1,414,996	$	1,158	$	1,416,154

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