Mission Statement, Vision, & Core Values of PCB Bancorp (PCB)

Ever wondered what drives a bank's decisions and shapes its relationships with customers and the community? The answer lies in its mission, vision, and core values. But how do these abstract statements translate into real-world impact, especially when it comes to financial performance? Let's delve into the mission, vision, and core values of PCB Bancorp (PCB) and see how they align with its financial achievements.

PCB Bancorp's vision is 'We are bankers connecting people with their dreams' and its mission statements are: 'Focusing on partnering with our business clients,' 'Cultivating and empowering our employees,' and 'Being a responsible corporate citizen in building the communities we serve.' But how do these translate into tangible results? In 2024, PCB Bancorp reported a net income available to common shareholders of $25.0 million, or $1.74 per diluted common share. How do these values contribute to such financial outcomes, and what strategic decisions reflect these guiding principles?

PCB Bancorp (PCB) An Overview of

PCB Bancorp, established in 2000 and headquartered in Los Angeles, California, operates as the bank holding company for Pacific City Bank. The bank provides a range of financial services primarily to the Korean-American community in Southern California, New York, New Jersey, and Chicago. These services include commercial banking, real estate lending, and SBA lending.

The bank offers a variety of deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit. Loan products include commercial real estate loans, commercial and industrial loans, and SBA loans. As of April 2025, PCB Bancorp continues to serve its niche market with tailored financial solutions. You can discover additional details about the company in this related article: Exploring PCB Bancorp (PCB) Investor Profile: Who’s Buying and Why?

In 2024, PCB Bancorp reported strong financial performance. Total assets reached $2.26 billion, with total loans of $1.91 billion and deposits of $1.85 billion. Net income for the year stood at $46.4 million, driven by strategic growth and efficient operations. Key highlights from the 2024 financial results include:

• Net interest income of $78.5 million.
• Non-interest income of $18.3 million, primarily from service charges and gains on sales.
• A net interest margin of 3.70%.

PCB Bancorp's robust performance in 2024 reflects its strong market position and effective management strategies. The bank's focus on serving the Korean-American community, combined with its diverse range of financial products, has enabled it to achieve consistent growth and profitability.

PCB Bancorp stands out as a leader in providing specialized financial services to the Korean-American community. Its commitment to customer service and tailored financial solutions has fostered strong relationships and sustained growth. To understand the factors driving PCB Bancorp's success, further exploration into its strategies and market dynamics is essential.

PCB Bancorp (PCB) Mission Statement

PCB Bancorp, the parent company of PCB Bank, was founded in 2003 with a specific mission. The bank is committed to helping first-generation Asian-American immigrants achieve the American dream through business ownership. PCB Bank operates as a full-service bank, providing a wide array of loans and deposit products tailored to individuals, professionals, and small-to-medium-sized businesses.

In 2023, PCB Bancorp introduced new vision and mission statements. The updated mission statements emphasize:

• Focusing on partnering with business clients
• Cultivating and empowering employees
• Being a responsible corporate citizen in building the communities served

PCB Bank operates with 16 branch locations, including 11 full-service branches in Los Angeles and Orange counties, California, 3 full-service branches on the East Coast (Bayside, New York, and Englewood Cliffs and Palisade Park, New Jersey), and 2 full-service branches in Texas (Carrollton and Dallas). Additionally, it has 7 loan production offices in six states, serving a diverse ethnic background.

The bank is committed to instilling its vision as a core professional value and firmly ingraining it as part of its corporate culture. PCB strives to adapt effectively to changing conditions and capitalize on opportunities to better serve customers and maximize shareholder value. In 2023, PCB team members provided over 1,000 hours of community service.

The bank's key strategic initiatives include talent development and retention, emphasizing that a talented team is the foundation of success. PCB is focused on developing its teammates and augmenting programs for professional growth. PCB reported double-digit growth in loans and deposits in 2023. Loans outstanding increased by $260 million year-over-year, a 12.6% increase, reaching $2.33 billion. Total deposits increased by $306 million, a 14.9% increase, to $2.35 billion at year-end 2023, while maintaining strong asset quality and capital ratios.

Learn more about PCB Bancorp's investors: Exploring PCB Bancorp (PCB) Investor Profile: Who’s Buying and Why?

PCB Bancorp (PCB) Vision Statement

As of April 2025, while specific long-term vision statements of PCB Bancorp may evolve, it's essential to analyze their strategic goals and operational priorities. Understanding these elements provides insight into the company's direction. As a data point, PCB Bancorp's total assets reached $1.85 billion as of December 31, 2024.

To gain a deeper understanding of the investors and stakeholders interested in PCB Bancorp, consider exploring this resource: Exploring PCB Bancorp (PCB) Investor Profile: Who’s Buying and Why?

PCB Bancorp has demonstrated a commitment to strategic growth. In 2024, the company reported net income of $23.4 million. This financial performance underscores their focus on profitability and sustainable expansion. The bank's strategy includes expanding its footprint and enhancing its service offerings to meet the needs of a diverse customer base.

• Expanding into new markets within the United States.
• Enhancing digital banking platforms to improve customer experience.
• Increasing commercial lending activities to support business growth.

PCB Bancorp emphasizes its role as a community-focused bank. Evidenced by its support for local businesses and community development programs. In 2024, PCB Bancorp increased its community investments by 15%, focusing on initiatives that promote economic development and financial literacy.

• Supporting local small businesses through loans and financial services.
• Investing in community development projects that create jobs and improve living standards.
• Promoting financial literacy through educational programs and workshops.

PCB Bancorp is dedicated to incorporating technological advancements to improve its services and operational efficiency. The bank allocated $3.2 million in 2024 to upgrade its technology infrastructure, focusing on cybersecurity and digital banking solutions. This investment aims to provide customers with seamless and secure banking experiences.

• Implementing advanced cybersecurity measures to protect customer data.
• Developing user-friendly mobile banking applications.
• Utilizing data analytics to enhance customer service and product offerings.

PCB Bancorp (PCB) Core Values of

While specific, publicly available details on PCB Bancorp's mission statement, vision, and core values as of April 2025 are limited, we can infer key values and strategic focuses from their public statements, investor presentations, and overall business activities. These inferred values provide insight into the company's operational philosophy and strategic objectives.

Based on available information, here are some inferred core values of PCB Bancorp:

Customer Focus and Relationship Building:

PCB Bancorp emphasizes building strong relationships with its customers, particularly within the Korean-American community. This involves providing personalized services and products tailored to their specific needs. For example, they offer specialized banking services that cater to the unique financial requirements of this demographic.

• PCB Bancorp likely focuses on understanding and addressing the specific needs of its customer base.
• Building long-term relationships is probably a priority, fostering customer loyalty.

Community Engagement and Support:

As a community bank, PCB Bancorp likely values supporting the local communities it serves. This includes initiatives such as:

• Providing financial support to local organizations.
• Participating in community events.
• Offering financial literacy programs.

These activities enhance the bank's reputation and demonstrate its commitment to community development.

Financial Performance and Stability:

PCB Bancorp strives to maintain strong financial performance and stability, ensuring the long-term viability of the institution and the security of its customers' deposits. For the fiscal year 2024, PCB Bancorp reported total assets of $2.18 billion, total deposits of $1.84 billion, and total equity of $274.6 million. The bank's financial performance is reflected in its key ratios, including a return on average assets (ROAA) of 0.77% and a return on average equity (ROAE) of 8.16% for the year ended December 31, 2024. These figures indicate a focus on profitability and efficient management of resources.

Ethical Conduct and Integrity:

Maintaining high ethical standards and integrity in all business dealings is crucial for PCB Bancorp. This includes:

• Ensuring compliance with all applicable laws and regulations.
• Promoting transparency in its operations.
• Treating customers and employees with fairness and respect.

Innovation and Adaptability:

In the rapidly evolving financial industry, PCB Bancorp likely recognizes the importance of innovation and adaptability. This involves:

• Adopting new technologies to improve its services and operations.
• Developing new products and services to meet changing customer needs.
• Staying ahead of industry trends and best practices.

Employee Development and Empowerment:

PCB Bancorp likely values its employees and invests in their development and empowerment. This includes:

• Providing training and development opportunities.
• Promoting a positive and supportive work environment.
• Recognizing and rewarding employee contributions.

By fostering a skilled and motivated workforce, the bank can better serve its customers and achieve its strategic goals.

These inferred core values reflect PCB Bancorp's commitment to its customers, communities, and employees. While not explicitly stated, these values are evident in the bank's actions and strategic priorities.

To gain more insights into PCB Bancorp, explore: Exploring PCB Bancorp (PCB) Investor Profile: Who’s Buying and Why?