1st Quarter Report
Board of Directors Rick Ganulin Chairman and CEO Brian Halle President Maynard Carkhuff Gary Cremo
Executive Management
Cash Management Staff
Lending Personnel
Rick Ganulin Chairman & CEO
Holly Cislo Assistant Operations Administrator
Chuck Baldini SVP Loan Team Manager
Brian Halle President Jo Anne Painter EVP & Chief Financial Officer Russ Smith EVP & Chief Credit Officer
Dennis Guida
Cash Management Officers
Tom Kenny
Paulette Silva SVP Treasury Management
Dr. Kaveh Matin Dean Morrow
Rose Rodriguez VP Deposit Manager
Harold Williams Jr.
Robin Brown VP Deposit Manager Craig Bohi VP Sales & Service Manager Magda Goez Deposit Manager Alma Gonzalez Jr. Deposit Manager
Elvira Aguirre Operations Officer
Janice Bado VP Senior Relationship Officer
Maria Casequin Customer Service Specialist
Laura Pinkerton VP Senior Relationship Manager
Tiffany Pangelinan Customer Service Specialist
Tobias Halbmaier VP Relationship Manager
Andrea Cervantes Customer Service Specialist
Robert Brady VP Relationship Officer
Kat Winton Customer Service Specialist
Laura Mather VP Relationship Manager
Megan Mackie Customer Service Specialis
Jennifer Nido AVP Relationship Manager
Business Development Lesliegh Claiborne VP Business Development Officer Marc Merino VP Business Development Officer Sean Ryan VP Business Development Officer Jeremy Osaki Loan Coordinator/Credit Analyst
Beatriz Vera AVP Relationship Manager Hoa Nguyen Credit Analyst Carlos Salazar Credit Analyst Renae Branch Sr Loan Processor Lupe Nelson Loan Processor
Administration
Note Department
Daphne Frank VP Controller
Donna Johnson VP Note Department Manager
Jaime Goldenfield-Nelson VP Credit Administration Sheri Ilfeld VP Compliance Officer Leslie Craven Accounting Specialist
Nancy Strickland AVP SBA Quality Control Rosa Hernandez Note Specialist II Van Lannon Note Specialist III Sue Becerra Note Specialist III Erika Racz Loan Utility Specialist
PACIFIC ENTERPRISE BANCORP AND SUBSIDIARY
Consolidated Statement of Financial Condition Assets
March 31,
December 31,
2012 2011 (unaudited) (audited)
Cash and Due from Banks
$
4,865,187
3,007,915
Interest-bearing deposits in Banks
9,812,000 10,075,000
Federal Funds Sold
38,955,000 35,615,000
Investments
13,401,076 13,345,924
Loans
Consumer Loans
Commercial Non RE & Revolving
26,194,107 28,726,695
Commercial & Consumer Real Estate
76,606,905 73,625,823
SBA
94,559,680
Trucks 10,521,664 10,542,614
Nonaccrual 1,207,687 1,043,913
355,490
373,621
93,795,739
Gross Loans 209,445,533 208,108,405
Unearned Loan fees
787,572
764,512
Allowance for loan losses
(3,475,836)
(3,286,613)
Loans, net 206,757,269 205,586,304
Federal Reserve Bank & Other Stocks
1,597,817
1,578,157
Fixed Assets, net
698,431
764,127
Accrued Interest Receivable
1,000,104
805,599
Prepaid & Other Assets
3,667,655
4,442,186
Total Assets
$ 280,754,539 275,220,212
PACIFIC ENTERPRISE BANCORP AND SUBSIDIARY
Consolidated Statement of Financial Condition Liabilities
March 31,
December 31,
2012 2011 (unaudited) (audited)
Deposits
Non-interest Bearing
Interest Bearing
$
40,321,823
Money Market
36,601,541
82,068,258
Savings
79,000,148
517,308 584,638
IRAs 1,140,655 971,556
Time Deposits < $250,000
84,102,779
84,055,698
Time Deposits > $250,000
11,517,870
12,994,473
CDARS 19,050,010 19,026,845
Total Interest-bearing deposits
198,396,880 196,633,358
Total Deposits
238,718,703 233,234,899
FHLB Borrowings
9,750,000
9,750,000
Accrued Interest Payable
163,091
113,860
Reserve for Undisbursed Credits
165,973
165,973
Accrued Expenses & Other Payables
1,046,494
1,993,385
Total Liabilities
249,844,261 245,258,117
Equity
Common Stock
29,252,194
29,252,194
Paid-in Capital
2,041,494
1,998,529
Unrealized Gain on available for sale securities
45,661
83,396
Retained Earnings
(429,071)
(1,372,024)
30,910,278
29,962,095
Total Equity
Total Liabilities & Equity
$ 280,754,539 275,220,212
Shares outstanding Book value
$
3,099,574 9.97
3,099,574 $
9.67
PACIFIC ENTERPRISE BANCORP
Statement of Operations
March 31,
March 31,
2012 2011 Interest Income Interest Income - Securities $ 93,148 107,755 Interest Income - Fed Funds 17,407 9,388 Interest Income on Loans Consumer 6,565 11,125 Commercial Non RE & Revolving 478,300 506,294 Commercial Real Estate 1,341,294 877,227 SBA 1,411,351 823,367 Trucks 347,488 0 Total Interest Income & fees on Loans 3,584,998 2,218,013 Total interest income 3,695,553 2,335,156 Interest Expense Interest Expense - Deposits 569,906 410,216 Interest Expense - FHLB Borrowings 56,621 77,259 Total Interest Expense 626,527 487,475 Total net interest income 3,069,026 1,847,681 Provision for loan losses 176,000 190,000 Total net interest income after provision for loan losses 2,893,026 1,657,681 Non-interest income Service Charges 102,371 99,103 Net Gains on sale of assets 518,369 368,034 Pooling fee income 69,020 0 Other fee income 203,943 139,110 Total non-interest income 893,703 606,247 General & Administrative Expenses Salaries & Benefit Expenses 1,408,381 974,578 Occupancy & Equipment 191,992 172,425 Data & Item Processing 126,752 122,023 Directors fees 32,900 18,150 Outsourced IT & Note Dept 31,738 28,550 Audit & Professional fees 62,612 54,727 Provision for undisbursed credit lines 0 37,000 Deposit relationship related expenses 22,892 21,297 FDIC Insurance Assessments 66,800 96,524 SBA Loan Servicing fees 104,505 65,403 Other expenses 106,090 82,183 746,281 698,282 Total general & administrative expense 2,154,662 1,672,860 Income before tax expense 1,632,067 591,068 Income tax expense (benefit) 689,115 (300,000) Net income $ 942,952 891,068
Cash Management
Commercial Real Estate Lending
Business Banking
Commercial Lending
o E - Deposit
o SBA 504 program
o Checking Accounts
o Lines of Credit
o E - Vue Statement
o CEDLI
o Analyzed Checking
o Equipment Loans & Lines
o E - Tax Payments
o Construction Lending
o Money Markets
o Term Loans
o E - Bill Pay
o Mini-Perm
o Savings
o Asset Based Lending
o Internet Banking
o Certificates of Deposit
o Real Estate Loans
o Non-profit Accounts 501c3
o SBA programs 504 & 7(a)
o Merchant Processing o ACH origination o Sweep accounts
(Investor & Owner Occupied)
o Specialty Properties
(Gas Stations, Hotels)
o Multi Family
o Letters of Credit o CalCAP
o Positive Pay
o CEDLI
o CDARS
o Trade Finance
To request a complete Annual Report contact: Jo Anne Painter, EVP/CFO Pacific Enterprise Bank 17748 Skypark Circle, Suite 100 • Irvine, California 92614 phone : 949.623.7600
• 17905 MacArthur Boulevard • Irvine, California 92614 • 17748 Skypark Circle, Suite 100 • Irvine, California 92614 phone : 949.623.7600 • fax : 949.623.7601 • www.PacificEnterpriseBank.com branch office
administrative offices
