PCB Bancorp (NYSE: PCB) is a community banking company that operates through its subsidiary PCB Bank, serving the Korean-American business and consumer market. It earns money primarily through net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings. As of December 31, 2025, PCB Bancorp held $3.28 billion in total assets and $2.80 billion in total deposits, with an average cost of deposits of 3.33% for the year ended December 31, 2025. The loan portfolio includes commercial real estate, commercial and industrial, and SBA loans; the Bank is an SBA-approved lender that sells the guaranteed portions of SBA 7(a) loans in the secondary market at a premium, generating gain-on-sale income and ongoing loan servicing fees. Noninterest income for FY2024 totaled $11.1 million, with gain on sale of loans at $3.8 million and loan servicing income at $3.4 million. Net income for FY2025 was $37.5 million, up from $25.8 million in FY2024. CEO Henry Kim leads the company.

Revenue model

Net interest income from loans and investment securities funded by retail and wholesale deposits; noninterest income from SBA loan sale premiums, loan servicing fees, service charges on deposits, and wire and debit card interchange fees.

Products and services

Commercial real estate loans, commercial and industrial loans, SBA 7(a) loans, SBA 504 loans, residential mortgage loans, deposit accounts (savings, NOW, money market, time deposits), loan servicing, bank-owned life insurance, wire and remittance services.

Customers and end markets

Korean-American small businesses and consumers; small business borrowers seeking SBA-guaranteed financing; commercial real estate owners and operators.

Value-chain role

Community bank and SBA-approved lender; originates and holds loans, sells guaranteed SBA loan portions to secondary market investors, and retains servicing rights.

Geographic exposure

Korean-American focused banking markets; wholesale deposits include California State Treasurer's time deposits, indicating primary California operations.

Competitors

Other Korean-American focused banks

Source: SEC 10-K, filed 2026-03-16

Industry: State Commercial Banks Peers: BCB Bancorp Inc Citizens Financial Services Inc First Business Financial Services Inc PCSB Financial Corp PNC Financial Services Group Inc Sierra Bancorp USCB Financial Holdings Inc