California BanCorp \ CA
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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.
Sep 30, 2026 · Filed Nov 6, 2026
BCAL$22.06-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
For the nine months ended September 30, 2026 and 2025
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| OPERATING ACTIVITIES | ||
| Net income | $42,107 | $46,636 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Accretion of net discounts and deferred loan fees | (11,819) | (16,874) |
| Depreciation on premises and equipment | 1,045 | 1,422 |
| Intangible asset amortization | 2,376 | 2,844 |
| Amortization of discounts on debt securities | (2,033) | (961) |
| Gain on sale of loans | — | (577) |
| Loans originated for sale | — | (8,955) |
| Proceeds from sales of and principal collected on loans held for sale | — | 9,569 |
| Provision for (reversal of) credit losses | 3,548 | (4,425) |
| Deferred income tax expense | 5,038 | 8,771 |
| Stock-based compensation | 4,094 | 4,466 |
| Income from bank owned life insurance | (1,515) | (1,849) |
| Loss on sale of other real estate owned | — | 862 |
| Valuation allowance on loans held for sale | 266 | — |
| Net change in other items | (11,674) | (4,547) |
| Net cash provided by operating activities | 31,433 | 36,382 |
| INVESTING ACTIVITIES | ||
| Proceeds from bank owned life insurance death benefits | 877 | 1,572 |
| Proceeds from maturities and paydowns of debt securities available for sale | 24,881 | 31,649 |
| Purchases of debt securities available for sale | (128,822) | (91,315) |
| Purchases of restricted stock | (44) | (70) |
| Net distributions (contributions) of other stock investments | 245 | (659) |
| Net (funding) repayment of loans | (119,695) | 158,685 |
| Proceeds from sale of loans held for investment | 13,174 | 13,500 |
| Proceeds from sale of other real estate owned | — | 1,421 |
| Purchases of premises and equipment | (952) | (247) |
| Net cash (used in) provided by investing activities | (210,336) | 114,536 |
| FINANCING ACTIVITIES | ||
| Net increase in deposits | 105,902 | 60,939 |
| Proceeds from Federal Home Loan Bank advances | 10,000 | — |
| Repayment of Federal Home Loan Bank advances | (10,000) | — |
| Repayment of borrowings | (35,000) | (38,000) |
| Proceeds from exercise of stock options | 413 | 132 |
| Repurchase of shares in settlement of restricted stock units | (2,027) | (1,573) |
| Repurchase of common stock under authorized stock repurchase program | (13,974) | (1,362) |
| Common stock dividends | (9,671) | — |
| Net cash provided by financing activities | 45,643 | 20,136 |
| The accompanying notes are an integral part of these consolidated financial statements. | ||
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
For the nine months ended September 30, 2026 and 2025
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Net change in cash and cash equivalents | (133,260) | 171,054 |
| Cash and cash equivalents at beginning of period | 399,913 | 388,162 |
| Cash and cash equivalents at end of period | $266,653 | $559,216 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Interest paid | $34,693 | $45,714 |
| Taxes paid | 7,621 | 11,192 |
| Lease liability arising from obtaining right-of-use assets | 2,209 | 3,898 |
| Loans held for sale transferred to held for investment | 7,408 | — |
| Loans transferred to other real estate owned | 8,613 | — |
| Initial allowance for credit losses for purchased seasoned loans | 224 | — |
| Goodwill adjustments | $— | $(853) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.