California BanCorp CA
For the period ended Mar 31, 2025. Filed May 9, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
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 Operations
(dollars in thousands, except per share data)
| Three Months Ended | ||
|---|---|---|
| March 31,2025 | March 31,2024 | |
| INTEREST AND DIVIDEND INCOME | ||
| Interest and fees on loans | $50,686 | $28,584 |
| Interest on debt securities | 1,524 | 1,213 |
| Interest on tax-exempted debt securities | 305 | 306 |
| Interest on deposits at other financial institutions | 3,803 | 850 |
| Interest and dividends on other interest-earning assets | 507 | 311 |
| Total interest and dividend income | 56,825 | 31,264 |
| INTEREST EXPENSE | ||
| Interest on NOW, money market and savings accounts | 11,116 | 6,770 |
| Interest on time deposits | 2,063 | 3,021 |
| Interest on borrowings | 1,391 | 979 |
| Total interest expense | 14,570 | 10,770 |
| Net interest income | 42,255 | 20,494 |
| Reversal of credit losses | (3,776) | (331) |
| Net interest income after reversal of credit losses | 46,031 | 20,825 |
| NONINTEREST INCOME | ||
| Service charges and fees on deposit accounts | 776 | 362 |
| Interchange and ATM income | 410 | 163 |
| Gain on sale of loans | 577 | 415 |
| Income from bank owned life insurance | 463 | 261 |
| Servicing and related income on loans, net | 142 | 73 |
| Loss on sale and disposal of fixed assets | (1) | — |
| Other charges and fees | 199 | 139 |
| Total noninterest income | 2,566 | 1,413 |
| NONINTEREST EXPENSE | ||
| Salaries and employee benefits | 15,864 | 9,610 |
| Occupancy and equipment | 2,152 | 1,452 |
| Data processing and communications | 1,935 | 1,150 |
| Legal, audit and professional | 859 | 516 |
| Regulatory assessments | 722 | 387 |
| Director and shareholder expenses | 404 | 203 |
| Merger and related expenses | — | 549 |
| Intangible asset amortization | 948 | 65 |
| Other real estate owned expenses | 68 | 88 |
| Other expenses | 1,968 | 961 |
| Total noninterest expense | 24,920 | 14,981 |
| Income before income taxes | 23,677 | 7,257 |
| Income tax expense | 6,824 | 2,322 |
| Net income | 16,853 | 4,935 |
| Earnings per share: | ||
| Basic | $0.52 | $0.27 |
| Diluted | $0.52 | $0.26 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.