Business
First Pacific Bancorp Reports Solid First Quarter 2026 Results
WHITTIER, Calif., May 08, 2026 (GLOBE NEWSWIRE) -- First Pacific Bancorp (the “Company”) (OTCID: FPBC), the holding company for First Pacific Bank (the “Bank”), today reported consolidated results for the first quarter ending March 31, 2026, demonstrating continued balance sheet growth, strong asset quality, and a solid capital position to support future expansion. Key Financial Highlights: Total assets ended the first quarter of 2026 at $490 million, a $34 million increase from March 31, 2025.T
About this update from First Pacific Bancorp
[{"type":"image","alt":"First Pacific Bank","displaySize":"","headline":null,"caption":"First Pacific Bank","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":90,"url":"https://media.zenfs.com/en/globenewswire.com/7e93bd0492de8c5a79dc167c2cc60ce9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xwclp9LxVvvRABJ8x_KhuQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNg--/https://media.zenfs.com/en/globenewswire.com/7e93bd0492de8c5a79dc167c2cc60ce9","width":300,"height":90},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/xwclp9LxVvvRABJ8x_KhuQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNg--/https://media.zenfs.com/en/globenewswire.com/7e93bd0492de8c5a79dc167c2cc60ce9","width":300,"height":90}},"lazy":false},{"type":"text","content":"WHITTIER, Calif., May 08, 2026 (GLOBE NEWSWIRE) -- First Pacific Bancorp (the “Company”) (OTCID: FPBC), the holding company for First Pacific Bank (the “Bank”), today reported consolidated results for the first quarter ending March 31, 2026, demonstrating continued balance sheet growth, strong asset quality, and a solid capital position to support future expansion.","length":367,"tagName":"p"},{"type":"text","content":"Key Financial Highlights:","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total assets ended the first quarter of 2026 at $490 million, a $34 million increase from March 31, 2025.","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Total deposits ended the first quarter of 2026 at $410 million, up $4 million since year end 2025 and a $40 million increase from first quarter 2025.","length":149,"tagName":"p"}]},{"val":[{"type":"text","content":"Total loans ended the first quarter of 2026 at $331 million, up $11 million from year end 2025 and a $37 million increase from first quarter 2025.","length":146,"tagName":"p"}]},{"val":[{"type":"text","content":"Asset quality remains excellent with minimal levels of classified or non-performing assets.","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"The Bank ended the first quarter with a strong capital position, with a leverage capital ratio of 9.57% and a total risk-based capital ratio of 13.05%.","length":151,"tagName":"p"}]},{"val":[{"type":"text","content":"As of March 31, 2026, liquidity resources included cash and cash equivalents of $48 million and unused borrowing capacity ...