Southern California Bancorp CA
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
BCAL$22.08+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders Equity
(dollars in thousands, except share data)
| Common Stock · RetainedEarnings · Accumulated Other Comprehensive Income (Loss) · Total Shareholders’ Equity | |||||
|---|---|---|---|---|---|
| Shares · Amount | |||||
| Balance at December 31, 2021 | 17,707,737 | $214,163 | $32,403 | $(38) | $246,528 |
| Stock-based compensation | — | 3,682 | — | — | 3,682 |
| Stock options exercised | 136,100 | 1,009 | — | — | 1,009 |
| Restricted stock units vested | 101,577 | — | — | — | — |
| Repurchase of shares to cover stock option proceeds and tax liabilities | (5,131) | (574) | — | — | (574) |
| Net income | — | — | 16,113 | — | 16,113 |
| Other comprehensive loss | — | — | — | (6,403) | (6,403) |
| Balance at December 31, 2022 | 17,940,283 | 218,280 | 48,516 | (6,441) | 260,355 |
| Adoption of ASU No. 2016-13, net of tax (1) | — | — | (3,851) | — | (3,851) |
| Balance at January 1, 2023 (as adjusted for change in accounting principle) | 17,940,283 | 218,280 | 44,665 | (6,441) | 256,504 |
| Stock-based compensation | — | 4,518 | — | — | 4,518 |
| Stock options exercised | 16,000 | 127 | — | — | 127 |
| Restricted stock units vested | 470,648 | — | — | — | — |
| Repurchase of shares to cover stock option proceeds and tax liabilities | (57,816) | (889) | — | — | (889) |
| Net income | — | — | 25,910 | — | 25,910 |
| Other comprehensive income | — | — | — | 1,982 | 1,982 |
| Balance at December 31, 2023 | 18,369,115 | $222,036 | $70,575 | $(4,459) | $288,152 |
(1)Related to the adoption of Accounting Standards Update 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.