First Pacific Bancorp Reports Strong Third Quarter 2026 Results
News related to:First Pacific Bancorp · 2 min read
WHITTIER, Calif., Oct. 22, 2026 /CourierPR/ -- First Pacific Bancorp, the holding company for First Pacific Bank, reported strong third-quarter 2026 results, reflecting continued balance sheet growth and solid financial performance. As of September 30, 2026, the company's total assets stood at $532 million, an increase of $42 million since December 31, 2025, and a $46 million rise from the same period in 2025. Total deposits also saw a significant uptick, ending the quarter at $449 million, up $43 million from the year-end 2025 and a $60 million increase from the third quarter of 2025. Total loans reached $362 million, marking a $42 million increase from both the year-end 2025 and the third quarter of 2025.
The bank's asset quality remained excellent, with minimal levels of classified or non-performing assets. As of September 30, 2026, the allowance for credit losses stood at 0.89% of total loans, and there were minimal loan losses. The bank maintained a strong capital position, with a leverage capital ratio of 9.18% and a total risk-based capital ratio of 12.59%. Liquidity resources included cash and cash equivalents of $61 million and unused borrowing capacity from credit facilities of $157 million.
For the quarter ended September 30, 2026, the company realized a pre-tax, pre-provision profit of $673,000, down from $853,000 in the third quarter of 2025. Net income for the third quarter of 2026 was $478,000, compared to $607,000 in the same period the previous year. For the nine months ended September 30, 2026, the company reported a pre-tax, pre-provision profit of $1.8 million and net income of $959,000.
First Pacific Bank, a growing community bank catering to individuals, professionals, and small-to-medium-sized businesses throughout Southern California, operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. Since opening in 2006, the bank has focused on delivering a personalized approach, access to decision makers, a broad range of solutions, and a commitment to an exceptional customer experience. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.