Pacific Premier Bank Mortgage Rates, Fees & Info
Irvine, CALEI: 549300NTH6N72ZZNX948
Tax ID: 95-3811107
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Overview
Pacific Premier Bank is a small bank specializing in Refi and Home Purchase loans. Pacific Premier Bank has a high proportion of conventional loans. Their top markets include Los Angeles, Phoenix, Riverside, Fresno, and San Diego among others. Pacific Premier Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.Originations
718Origination Dollar Volume (All Markets)
$2,005,450,000Employee count
1,520Relative Rate
Pacific Premier Bank's average 30 year fixed rate mortgage of loans were
3.49%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.34%.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 342 | $916,440,000 | $2,679,649 | $0 | 3.34% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 47 | $195,695,000 | $4,163,723 | $0 | 3.47% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 43 | $119,295,000 | $2,774,302 | $0 | 3.50% |
| FRESNO, CA (FHA|USDA|VA) | 30 | $116,890,000 | $3,896,333 | $0 | 3.23% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 44 | $112,660,000 | $2,560,455 | $0 | 3.52% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 37 | $102,585,000 | $2,772,568 | $0 | 3.43% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 35 | $95,345,000 | $2,724,143 | $0 | 3.53% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 33 | $63,035,000 | $1,910,152 | $0 | 3.30% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 10 | $30,460,000 | $3,046,000 | $0 | 3.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 4 | $21,300,000 | $5,325,000 | $0 | 3.25% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $19,580,000 | $2,447,500 | $0 | 3.73% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 8 | $19,130,000 | $2,391,250 | $0 | 3.51% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $18,010,000 | $9,005,000 | $0 | 3.73% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 7 | $17,565,000 | $2,509,286 | $0 | 3.89% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 6 | $15,250,000 | $2,541,667 | $0 | 3.42% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $13,565,000 | $13,565,000 | $0 | 3.30% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 6 | $11,540,000 | $1,923,333 | $0 | 3.75% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $10,870,000 | $5,435,000 | $0 | 3.73% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $8,570,000 | $4,285,000 | $0 | 3.63% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $8,280,000 | $4,140,000 | $0 | 3.63% |
| SALEM, OR (FHA|USDA|VA) | 3 | $7,705,000 | $2,568,333 | $0 | 3.62% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $7,360,000 | $1,840,000 | $0 | 3.31% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $6,740,000 | $1,685,000 | $0 | 3.70% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $6,510,000 | $3,255,000 | $0 | 3.40% |
| Hailey, ID (FHA|USDA|VA) | 3 | $6,065,000 | $2,021,667 | $0 | 3.62% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $4,485,000 | $1,495,000 | $0 | 3.75% |
| Outside of Metro Areas | 3 | $4,125,000 | $1,375,000 | $0 | 3.68% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $3,905,000 | $3,905,000 | $0 | 3.50% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $3,745,000 | $3,745,000 | $0 | 3.25% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $3,560,000 | $1,780,000 | $0 | 3.28% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $3,455,000 | $3,455,000 | $0 | 3.35% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $2,890,000 | $1,445,000 | $0 | 3.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 3.50% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 3.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $2,215,000 | $2,215,000 | $0 | 3.85% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $2,185,000 | $2,185,000 | $0 | 3.75% |
| La Grande, OR (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $0 | 3.85% |
| MADERA, CA (FHA|USDA|VA) | 2 | $1,820,000 | $910,000 | $0 | 3.70% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $0 | 3.93% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $0 | 4.10% |
| Astoria, OR (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 3.60% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 3.65% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $0 | 3.30% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $1,465,000 | $1,465,000 | $0 | 3.20% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 3.25% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $0 | 3.40% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 3.50% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $0 | 3.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 3.75% |
Pacific Premier Bank's top markets include Los Angeles, Phoenix, Riverside, Fresno, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 718 | $2,005,450,000 | $2,793,106 | $0 | 3.42% |
For the 2021 period, Pacific Premier Bank's most frequently originated loan type of loans were Conventional, with 718 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 500 | $1,445,700,000 | $2,891,400 | $0 | 3.40% |
| Home Purchase | 217 | $559,145,000 | $2,576,705 | $0 | 3.45% |
| Home Improvement | 1 | $605,000 | $605,000 | $0 | 4.00% |
For the 2021, Pacific Premier Bank's most frequently cited loan purpose of loans were Refi, with 500 originations. The 2nd most popular reason of loans were Home Purchase, with 217 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 10 Year | 606 | $1,696,510,000 | $2,799,521 | $0 | 3.37% |
| 30 Year | 65 | $165,705,000 | $2,549,308 | $0 | 3.49% |
| Other | 24 | $66,040,000 | $2,751,667 | $0 | 4.10% |
| 5 Year | 15 | $59,545,000 | $3,969,667 | $0 | 3.57% |
| 15 Year | 5 | $10,205,000 | $2,041,000 | $0 | 3.68% |
| 20 Year | 2 | $2,460,000 | $1,230,000 | $0 | 3.65% |
| 3 Year | 1 | $4,985,000 | $4,985,000 | $0 | 4.00% |
For the 2021, Pacific Premier Bank's most frequently cited loan length of loans were 10 Year, with 606 originations. The 2nd most popular length of loans were 30 Year, with 65 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 667 | $1,805,085,000 | $2,706,274 |
| 2.5-3% | 30 | $142,870,000 | $4,762,333 |
| 4-5% | 18 | $48,700,000 | $2,705,556 |
| 5-6% | 3 | $8,795,000 | $2,931,667 |
During 2021, Pacific Premier Bank's average interest rate of loans were 3.49%, while their most frequently originated rate bucket of loans were 3-4%, with 667 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 588 | $1,910,020,000 | $3,248,333 | $0 | 3.37% |
| $600k-1MM | 100 | $82,280,000 | $822,800 | $0 | 3.57% |
| $400k-600k | 21 | $10,565,000 | $503,095 | $0 | 3.70% |
| $200k-400k | 7 | $2,295,000 | $327,857 | $0 | 4.06% |
| $100k-200k | 2 | $290,000 | $145,000 | $0 | 3.75% |
2021 saw Pacific Premier Bank place emphasis on $1MM+ loans with 588 originations, totaling $1,910,020,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 12 | $11,180,000 | $931,667 | $0 | 3.67% |
| $75k-100k | 5 | $3,635,000 | $727,000 | $0 | 3.71% |
| $250k+ | 3 | $5,525,000 | $1,841,667 | $0 | 3.35% |
| $150k-250k | 1 | $1,005,000 | $1,005,000 | $0 | 3.65% |
Pacific Premier Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $75k-100k, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 633 | $1,880,955,000 | $2,971,493 | $0 | 3.40% |
| Not provided | 40 | $68,260,000 | $1,706,500 | $0 | 3.41% |
| White | 32 | $40,280,000 | $1,258,750 | $0 | 3.63% |
| Asian | 6 | $7,780,000 | $1,296,667 | $0 | 3.43% |
| Asian Indian | 3 | $3,275,000 | $1,091,667 | $0 | 3.58% |
| American Indian | 1 | $1,895,000 | $1,895,000 | $0 | 3.20% |
| Black | 1 | $1,025,000 | $1,025,000 | $0 | 3.90% |
| Native Hawaiian | 1 | $1,005,000 | $1,005,000 | $0 | 3.25% |
| Other Pacific Islander | 1 | $975,000 | $975,000 | $0 | 3.75% |
Approval Rates
Total approvals of all applications95.02%
Pacific Premier Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.09%
Pacific Premier Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 718 | $2,005,450,000 | $2,793,106 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 718 | $2,005,450,000 | $2,793,106 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 38 | $48,830,000 | $1,285,000 | $0 | 3.64% |
| 40-60% | 194 | $507,140,000 | $2,614,124 | $0 | 3.49% |
| 60-80% | 477 | $1,435,465,000 | $3,009,361 | $0 | 3.36% |
| 80-100% | 1 | $10,015,000 | $10,015,000 | $0 | 3.15% |
| Under 20% | 8 | $4,000,000 | $500,000 | $0 | 3.99% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PACIFIC PREMIER BANCORP, INC. | Other type of mortgage | Struggling to pay mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Pacific Premier Bank | 1000 N. Western Ave., Suite 101 San Pedro, CA 90732 | Full Service B&M | $69,455 |
| Pacific Premier Bank | 1401 4th Ave Seattle, WA 98101 | Full Service B&M | $40,706 |
| Pacific Premier Bank | 1501 Froom Ranch Way San Luis Obispo, CA 93405 | Full Service B&M | $68,203 |
| Pacific Premier Bank | 1530 Grand Avenue Arroyo Grande, CA 93420 | Full Service B&M | $202,872 |
| Pacific Premier Bank | 16500 Ventura Blvd. Encino, CA 91436 | Full Service B&M | $419,093 |
| Pacific Premier Bank | 1715 Via El Prado Redondo Beach, CA 90277 | Full Service B&M | $85,101 |
| Pacific Premier Bank | 17672 Yorba Linda Blvd Yorba Linda, CA 92886 | Full Service B&M | $86,594 |
| Pacific Premier Bank | 17901 Von Karman Ave, Ste 1200 Irvine, CA 92614 | Full Service B&M | $6,751,242 |
| Pacific Premier Bank | 1825 South Broadway Santa Maria, CA 93454 | Full Service B&M | $330,487 |
| Pacific Premier Bank | 188 106th Ave Ne, Ste 200 Bellevue, WA 98004 | Full Service B&M | $146,257 |
| Pacific Premier Bank | 19011 Magnolia Street Huntington Beach, CA 92646 | Full Service B&M | $117,684 |
| Pacific Premier Bank | 192 N. Canon Drive Beverly Hills, CA 90210 | Full Service B&M | $92,690 |
| Pacific Premier Bank | 19520 Highway 99, Suite 102 Lynnwood, WA 98036 | Full Service B&M | $71,615 |
| Pacific Premier Bank | 2710 Via De La Valle B-170 Del Mar, CA 92014 | Full Service B&M | $56,664 |
| Pacific Premier Bank | 2901 Rucker Avenue Everett, WA 98201 | Full Service B&M | $41,721 |
| Pacific Premier Bank | 305 Front Street North Issaquah, WA 98027 | Full Service B&M | $93,018 |
| Pacific Premier Bank | 306 West Second Street, Suite 100 San Bernardino, CA 92401 | Full Service B&M | $201,252 |
| Pacific Premier Bank | 325 South Santa Fe Avenue, Suite 101 Vista, CA 92083 | Full Service B&M | $152,426 |
| Pacific Premier Bank | 3403 Tenth Street, Suite 100 Riverside, CA 92501 | Full Service B&M | $603,739 |
| Pacific Premier Bank | 3748 E. Coast Highway Corona Del Mar, CA 92625 | Full Service B&M | $78,818 |
| Pacific Premier Bank | 400 South River Road Paso Robles, CA 93446 | Full Service B&M | $101,476 |
| Pacific Premier Bank | 40723 Murrieta Hot Springs Rd. Murrieta, CA 92562 | Full Service B&M | $76,344 |
| Pacific Premier Bank | 437 5th Avenue S. Ste 101 Edmonds, WA 98020 | Full Service B&M | $80,042 |
| Pacific Premier Bank | 4400 E. Broadway Tucson, AZ 85711 | Full Service B&M | $276,677 |
| Pacific Premier Bank | 4667 Macarthur Blvd, Suite 100 Newport Beach, CA 92660 | Full Service B&M | $444,805 |
| Pacific Premier Bank | 7979 Ivanhoe Ave., Suite 150 La Jolla, CA 92037 | Full Service B&M | $316,616 |
| Pacific Premier Bank | 800 West Valley Parkway, Suite 100 Escondido, CA 92025 | Full Service B&M | $130,264 |
| Pacific Premier Bank | 815 State Ave. Marysville, WA 98270 | Full Service B&M | $42,307 |
| Pacific Premier Bank | 82 Peninsula Ctr Palos Verdes Peninsula, CA 90274 | Full Service B&M | $170,128 |
| Pacific Premier Bank | 898 Morro Bay Boulevard Morro Bay, CA 93442 | Full Service B&M | $82,130 |
| Pacific Premier Bank | 901 East Tahquitz Canyon Way Palm Springs, CA 92262 | Full Service B&M | $280,483 |
| Pacific Premier Bank | 200 West Commonwealth Avenue Fullerton, CA 92832 | Full Service B&M | $217,084 |
| Pacific Premier Bank | 2001 S.E. Columbia River Drive, Suite 101 Vancouver, WA 98661 | Full Service B&M | $216,878 |
| Pacific Premier Bank | 201 East State Street Suite 100 Redlands, CA 92373 | Full Service B&M | $96,547 |
| Pacific Premier Bank | 2100 East Foothill Blvd Ste B La Verne, CA 91750 | Full Service B&M | $138,697 |
| Pacific Premier Bank | 211 East Ocean Blvd. Suite 110 Long Beach, CA 90802 | Full Service B&M | $35,083 |
| Pacific Premier Bank | 2141 Rosecrans Avenue, Suite 1160 El Segundo, CA 90245 | Full Service B&M | $332,647 |
| Pacific Premier Bank | 2255 Main Street Cambria, CA 93428 | Full Service B&M | $117,560 |
| Pacific Premier Bank | 23600 Hawthorne Boulevard, Unit B Torrance, CA 90505 | Full Service B&M | $84,373 |
| Pacific Premier Bank | 2401 W. Whittier Blvd. Suite B Montebello, CA 90640 | Full Service B&M | $91,704 |
| Pacific Premier Bank | 24050 Aliso Creek Road, Suite 1a Laguna Niguel, CA 92677 | Full Service B&M | $65,277 |
| Pacific Premier Bank | 2575 East Camelback Road Suite 100 Phoenix, AZ 85016 | Full Service B&M | $253,465 |
| Pacific Premier Bank | 4957 Katella Avenue, Suite B Los Alamitos, CA 90720 | Full Service B&M | $180,295 |
| Pacific Premier Bank | 501 West Broadway, Suite 550 San Diego, CA 92101 | Full Service B&M | $270,188 |
| Pacific Premier Bank | 525 Sw Broadway Portland, OR 97205 | Full Service B&M | $25,494 |
| Pacific Premier Bank | 528 E College Way Mount Vernon, WA 98273 | Full Service B&M | $36,026 |
| Pacific Premier Bank | 545 12th St Paso Robles, CA 93446 | Full Service B&M | $312,701 |
| Pacific Premier Bank | 6400 North Oracle Road Tucson, AZ 85704 | Full Service B&M | $110,233 |
| Pacific Premier Bank | 73-745 El Paseo Drive Palm Desert, CA 92260 | Full Service B&M | $143,830 |
| Pacific Premier Bank | 73700 Gorgonio Drive Twentynine Palms, CA 92277 | Full Service B&M | $17,214 |
| Pacific Premier Bank | 7480 El Camino Real Atascadero, CA 93422 | Full Service B&M | $165,306 |
| Pacific Premier Bank | 7690 El Camino Real Carlsbad, CA 92009 | Full Service B&M | $44,413 |
| Pacific Premier Bank | 78000 Fred Waring Drive, Suite 100 Palm Desert, CA 92211 | Full Service B&M | $117,116 |
| Pacific Premier Bank | 790 E Colorado Blvd Suite 150 Pasadena, CA 91101 | Full Service B&M | $266,821 |
| Pacific Premier Bank | 102 East Sixth Street Suite 100 Corona, CA 92879 | Full Service B&M | $106,436 |
| Pacific Premier Bank | 1035 State Street Santa Barbara, CA 93101 | Full Service B&M | $333,174 |
| Pacific Premier Bank | 1045 West Katella Avenue Orange, CA 92867 | Full Service B&M | $356,814 |
| Pacific Premier Bank | 10524 19th Avenue Se Everett, WA 98208 | Full Service B&M | $60,405 |
| Pacific Premier Bank | 10777 West Twain Avenue, Suite 150 Las Vegas, NV 89135 | Full Service B&M | $140,385 |
| Pacific Premier Bank | 110 South Fairfax Avenue Los Angeles, CA 90036 | Full Service B&M | $128,502 |
| Pacific Premier Bank | 1101 Avenue D, Building B Snohomish, WA 98290 | Full Service B&M | $40,278 |
| Pacific Premier Bank | 1144 Morro Street San Luis Obispo, CA 93401 | Full Service B&M | $311,036 |
| Pacific Premier Bank | 11661 San Vicente Boulevard Los Angeles, CA 90049 | Full Service B&M | $453,769 |
| Pacific Premier Bank | 1255 Las Tablas Rd, Ste 101 Templeton, CA 93465 | Full Service B&M | $75,252 |
| Pacific Premier Bank | 139 Bendigo Boulevard N North Bend, WA 98045 | Full Service B&M | $39,475 |
For 2021, Pacific Premier Bank had 65 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $696,735 |
| Net interest income | $681,272 |
| Total noninterest income | $93,118 |
| Gross Fiduciary activities income | $38,181 |
| Service charges on deposit accounts | $9,218 |
| Trading account gains and fees | $11 |
| Additional Noninterest Income | $45,708 |
| Pre-tax net operating income | $473,347 |
| Securities gains (or losses, -) | $16,906 |
| Income before extraordinary items | $360,645 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $360,645 |
| Minority interest net income | $0 |
| Net income | $360,645 |
| Sale, conversion, retirement of capital stock, net | $6,276 |
| Net operating income | $347,289 |
Pacific Premier Bank's gross interest income from loans was $696,735,000.
Pacific Premier Bank's net interest income from loans was $681,272,000.
Pacific Premier Bank's fee based income from loans was $9,218,000.
Pacific Premier Bank's net income from loans was $360,645,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $15,463 |
| Provision for credit losses | $-70,876 |
| Total noninterest expense | $371,919 |
| Salaries and employee benefits | $211,263 |
| Premises and equipment expense | $47,693 |
| Additional noninterest expense | $112,963 |
| Applicable income taxes | $129,608 |
| Net charge-offs | $3,197 |
| Cash dividends | $121,653 |
Pacific Premier Bank's interest expense for loans was $15,463,000.
Pacific Premier Bank's payroll and benefits expense were $211,263,000.
Pacific Premier Bank's property, plant and equipment expenses $47,693,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $17,162,769 |
| Deposits held in domestic offices | $17,162,769 |
| Deposits by Individuals, partnerships, and corporations | $16,192,220 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $954,101 |
| Deposits by Commercial banks and other depository institutions in U.S. | $16,448 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $490,076 |
| Demand deposits | $443,392 |
| Nontransaction accounts | $16,672,693 |
| Money market deposit accounts (MMDAs) | $15,194,862 |
| Other savings deposits (excluding MMDAs) | $419,558 |
| Total time deposits | $1,058,273 |
| Total time and savings deposits | $16,719,377 |
| Noninterest-bearing deposits | $6,799,183 |
| Interest-bearing deposits | $10,363,586 |
| Retail deposits | $16,663,954 |
| IRAs and Keogh plan accounts | $90,577 |
| Brokered deposits | $5,553 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $21,088,887 |
| Cash & Balances due from depository institutions | $306,919 |
| Interest-bearing balances | $223,769 |
| Total securities | $4,655,538 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $14,110,757 |
| Loan and leases loss allowance | $197,752 |
| Trading account assets | $5,226 |
| Bank premises and fixed assets | $135,916 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $974,722 |
| All other assets | $899,809 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $21,088,887 |
| Total Liabilities | $17,894,488 |
| Total deposits | $17,162,769 |
| Interest-bearing deposits | $10,363,586 |
| Deposits held in domestic offices | $17,162,769 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $5,230 |
| Other borrowed funds | $550,000 |
| Subordinated debt | $0 |
| All other liabilities | $176,489 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $14,110,757 |
| Loan and leases loss allowance | $197,752 |
| Total loans and leases (domestic) | $14,308,509 |
| All real estate loans | $12,004,979 |
| Real estate loans in domestic offices | $12,004,979 |
| Construction and development loans | $288,889 |
| Residential 1-4 family construction | $89,330 |
| Other construction, all land development and other land | $199,559 |
| Loans secured by nonfarm nonresidential properties | $5,536,103 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,583,235 |
| Commercial real estate & other non-farm, non-residential | $2,952,868 |
| Multifamily residential real estate | $5,478,046 |
| 1-4 family residential loans | $518,389 |
| Farmland loans | $183,552 |
| Loans held in foreign offices | $0 |
| Farm loans | $51,241 |
| Commercial and industrial loans | $1,631,217 |
| To non-U.S. addressees | $4,547 |
| Loans to individuals | $4,238 |
| Credit card loans | $26 |
| Related Plans | $2,658 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $1,554 |
| All other loans & leases | $616,834 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $326,515 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $49,535 |
| Loans secured by real estate to non-U.S. addressees | $23,065 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Pacific Premier Bank had $14,110,757,000 of loans outstanding in 2021. $12,004,979,000 of loans were in real estate loans. $288,889,000 of loans were in development loans. $5,478,046,000 of loans were in multifamily mortgage loans. $518,389,000 of loans were in 1-4 family mortgage loans. $51,241,000 of loans were in farm loans. $26,000 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 1,673 | $652,851 | $390,228 |
| Nonfarm, nonresidential loans - <$100k | 40 | $1,242 | $31,050 |
| Nonfarm, nonresidential loans - $100-250k | 230 | $34,752 | $151,096 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,403 | $616,857 | $439,670 |
| Commercial & Industrial, US addressed loans - <$1MM | 4,931 | $462,742 | $93,843 |
| Commercial & Industrial, US addressed loans - <$100k | 2,945 | $74,505 | $25,299 |
| Commercial & Industrial, US addressed loans - $100-250k | 751 | $73,476 | $97,838 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1,235 | $314,761 | $254,867 |
| Farmland loans - <$1MM | 11 | $2,316 | $210,545 |
| Farmland loans - $100-250k | 4 | $405 | $101,250 |
| Farmland loans - $250k-1MM | 7 | $1,911 | $273,000 |
| Agriculture operations loans - <$1MM | 45 | $2,036 | $45,244 |
| Agriculture operations loans - <$100k | 23 | $1,038 | $45,130 |
| Agriculture operations loans - $100-250k | 9 | $318 | $35,333 |
| Agriculture operations loans - $250k-1MM | 13 | $680 | $52,308 |
