Parent Only Condensed Financial Information (Tables) - RBB Bancorp

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Of Parent Company Only Disclosure [Line Items]

Schedule of Parent Only Condensed Statements of Financial Condition

Condensed Statements of Financial Condition

(Dollars in Thousands)	2019		2018
ASSETS
Cash and cash equivalents	$	29,985	$	45,540
Investment in Bank		480,703		433,023
Investment in RAM		6,870		6,796
Other assets		4,202		2,820
Total assets	$	521,760	$	488,179
LIABILITIES AND SHAREHOLDERS' EQUITY
Long term debt		104,049		103,708
Subordinated debentures		9,673		9,506
Other liabilities		348		344
Total liabilities		114,070		113,558
Shareholders' equity:
Common stock		290,395		288,610
Additional paid-in capital		4,938		5,659
Retained earnings		112,046		81,618
Non-controlling interest		72		72
Accumulated other comprehensive income (loss)		239		(1,338	)
Total shareholders' equity		407,690		374,621
Total liabilities and shareholders' equity	$	521,760	$	488,179

Schedule of Parent Only Condensed Statements of Income

Condensed Statements of Income

(Dollars in Thousands)	2019			2018			2017
Interest income	$	—		$	15		$	—
Interest expense		7,697			4,083			3,629
Noninterest expense		1,300			1,255			642
Loss before equity in undistributed income of subsidiaries		(8,997	)		(5,323	)		(4,271	)
Equity in undistributed income of:
Bank		45,324			39,198			27,620
RAM		74			528			143
Income before income taxes		36,401			34,403			23,492
Income tax benefit		2,808			1,702			2,036
Net income		39,209			36,105			25,528
Other comprehensive income (loss)		1,577			(895	)		(104	)
Total comprehensive income	$	40,786		$	35,210		$	25,424

Schedule of Parent Only Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

(Dollars in Thousands)	2019			2018			2017
Cash flows from operating activities:
Net income	$	39,209		$	36,105		$	25,528
Net amortization of other		508			268			235
Provision for deferred income taxes		513			(1,905	)		1,807
Undistributed income of subsidiaries		(45,398	)		(39,726	)		(27,763	)
Change in other assets and liabilities		(1,981	)		3,492			(3,923	)
		(7,149	)		(1,766	)		(4,116	)
Cash flows from investment activities:
Net cash acquired (outlay) in connection with    acquisition		—			(41,358	)		—
Investment in subsidiaries		—			(15,000	)		(25,000	)
		—			(56,358	)		(25,000	)
Cash flows from financing activities:
Issuance of subordinated debentures, net of issuance    costs		—			54,018			—
Issuance of common stock, net of issuance costs		—			—			60,210
Dividends paid		(8,033	)		(5,753	)		(5,118	)
Common stock repurchased, net of repurchased costs		(3,190	)
Stock options exercised		2,817			9,630			2,296
		(8,406	)		57,895			57,388
Increase in cash and cash equivalents		(15,555	)		(229	)		28,272
Cash and cash equivalents beginning of year		45,540			45,769			17,497
Cash and cash equivalents end of year	$	29,985		$	45,540		$	45,769