PCBC » Topics » Growth in Portfolio

This excerpt taken from the PCBC 10-K filed Mar 1, 2007.

Growth in Portfolio


The year-end balance for all loans has continued to increase over the last five years with increases of $161.1 million, $881.4 million, $835.0 million and $821.5 million for the years of 2003 through 2006 over the preceding year. The largest areas of growth over the last five years was in residential real estate with $678.3 million or 94.8% growth, $255.9 million or 219.3% in home equity lines and $203.8 million or 243.3% in the multi-family residential real estate. With residential real estate values increasing at rapid rates on the central coast of California, these products had significant growth over the last five years and our loan growth was also complimented with our acquisitions of FBSLO and PCCI. The Company has also increased efforts in generating more business from the small to medium sized businesses in our markets; the growth in commercial, industrial and agricultural loans has substantially increased since 2002 with growth of $427.1 million or 66.2%.


During 2005 we purchased FBSLO, which had approximately $217 million of loans, and in 2004 we purchased PCCI, which had approximately $419 million in loans. Without the acquisition of FBSLO, our loan growth would have been $618.0 million or 15.2% in 2005, and without the acquisition of PCCI, our loan growth would have been $462.4 million or 14.5% in 2004.


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