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Pacific Premier Bancorp (PPBI)
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PPBI » Topics » FINANCIAL CONDITION

This excerpt taken from the PPBI 10-Q filed May 15, 2006.

FINANCIAL CONDITION

 

Total assets of the Company were $684.9 million as of March 31, 2006, compared to $702.7 million as of December 31, 2005.  The $17.8 million or 2.5% decrease in total assets was primarily the result of decreases of $28.7 million in cash and cash equivalents, which was partially offset by the addition of $10.0 million of Bank-owned life insurance, which is classified in other assets.

 

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