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Regional Pacific Banks

Sure, here's an overview of Pacific City Bank (PCBK) - a public regional bank in the US:

Pacific City Bank provides various banking services to individuals, small businesses, and middle-market companies in California, New York, New Jersey, and Texas. The bank was founded in 2003 and is headquartered in Los Angeles, California. PCBK offers a wide range of personal and commercial banking services, such as checking and savings accounts, credit cards, loans, home mortgages, SBA loans, and commercial lines of credit. Additionally, the bank provides wire transfer, foreign exchange, and currency exchange services, as well as internet banking, mobile banking, and automated telephone banking services.

As of December 2022, PCBK operated 16 full-service branches, 3 limited-service branches, and 2 loan production offices in California, New York, and New Jersey. The bank primarily serves the Korean-American community.

Here are some key financial highlights of PCBK:

* Total Assets: $1,664.2 million (December 31, 2022)

* Total Deposits: $1,307.7 million (December 31, 2022)

* Net Loans: $1,228.4 million (December 31, 2022)

* Net Income: $23.4 million (2022 full-year)

* Return on Average Common Equity (ROACE): 10.06% (2022 full-year)

* Return on Average Assets (ROAA): 1.01% (2022 full-year)

* Efficiency Ratio: 67.4% (2022 full-year)

* Tangible Book Value per Share: $17.55 (December 31, 2022)

The bank's earnings have been consistent and shown steady growth, reflecting a strong focus on profitability. The efficiency ratio, which measures the bank's ability to use its resources effectively, has been improving over the years, indicating better cost management. The tangible book value per share has also been on an upward trend, signaling an increase in the bank's net worth.

Growth-wise, Pacific City Bank has been expanding its branch network, both organically and through acquisitions. In 2022, the bank acquired certain assets and liabilities of the New York-based Woori Bank's branches in New York and New Jersey, further strengthening its presence in the northeastern states.

However, it's essential to note that the bank's performance may be influenced by factors such as the overall economic health of the regions it operates in, particularly in California and New York, as well as interest rate fluctuations. Therefore, monitoring local economic trends and monetary policy changes may be important when evaluating PCBK's future prospects.