2021 Q1 Form 10-Q Financial Statement

#000102891821000135 Filed on May 07, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020 Q1
Revenue $173.0M $180.8M $123.8M
YoY Change 39.75% 39.26% -5.68%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $5.828M $5.990M $3.253M
YoY Change 79.16% 84.82% 11.02%
% of Gross Profit
Depreciation & Amortization $4.009M $8.600M $2.580M
YoY Change 55.39% 22.86% 14.21%
% of Gross Profit
Operating Expenses $5.828M $5.990M $3.253M
YoY Change 79.16% 84.82% 11.02%
Operating Profit
YoY Change
Interest Expense $11.34M $12.63M $14.61M
YoY Change -22.39% -25.41% -26.33%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $90.93M $89.94M $31.57M
YoY Change 188.07% 65.91% -41.53%
Income Tax $22.26M $22.80M $5.825M
% Of Pretax Income 24.48% 25.35% 18.45%
Net Earnings $68.67M $67.14M $25.74M
YoY Change 166.78% 63.36% -33.52%
Net Earnings / Revenue 39.69% 37.13% 20.79%
Basic Earnings Per Share $0.73 $0.71 $0.43
Diluted Earnings Per Share $0.72 $0.71 $0.43
COMMON SHARES
Basic Shares Outstanding 93.53M shares 93.57M shares 59.01M shares
Diluted Shares Outstanding 94.09M shares 93.97M shares 59.19M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.555B $880.8M $534.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $76.33M $78.88M $61.62M
YoY Change 23.88% 33.7% 0.15%
Goodwill $900.2M $898.6M $808.3M
YoY Change 11.37% 11.16% -0.05%
Intangibles $81.36M $85.51M $79.35M
YoY Change 2.54% 2.63% -17.45%
Long-Term Investments
YoY Change
Other Assets $104.0M $89.00M $15.00M
YoY Change 593.33% 66.67%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $20.17B $19.74B $11.98B
YoY Change 68.44% 67.6% 3.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $219.0M $243.0M $133.0M
YoY Change 64.66% 88.37% -2.92%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change
Total Short-Term Liabilities $219.0M $243.0M $133.0M
YoY Change 64.66% 88.37% -2.92%
LONG-TERM LIABILITIES
Long-Term Debt $502.0M $502.0M $215.0M
YoY Change 133.49% 133.49% 95.45%
Other Long-Term Liabilities $11.00M
YoY Change 1000.0%
Total Long-Term Liabilities $502.0M $502.0M $226.0M
YoY Change 122.12% 131.34% 103.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $219.0M $243.0M $133.0M
Total Long-Term Liabilities $502.0M $502.0M $226.0M
Total Liabilities $17.47B $16.99B $9.973B
YoY Change 75.17% 74.02% 4.18%
SHAREHOLDERS EQUITY
Retained Earnings $368.9M $330.6M $396.1M
YoY Change -6.85% -16.54% 21.73%
Common Stock $931.0K $931.0K $586.0K
YoY Change 58.87% 58.87% -5.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.703B $2.747B $2.003B
YoY Change
Total Liabilities & Shareholders Equity $20.17B $19.74B $11.98B
YoY Change 68.44% 67.6% 3.42%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020 Q1
OPERATING ACTIVITIES
Net Income $68.67M $67.14M $25.74M
YoY Change 166.78% 63.36% -33.52%
Depreciation, Depletion And Amortization $4.009M $8.600M $2.580M
YoY Change 55.39% 22.86% 14.21%
Cash From Operating Activities $105.3M $41.20M $45.92M
YoY Change 129.31% -20.31% 11.17%
INVESTING ACTIVITIES
Capital Expenditures $1.465M -$2.700M $5.242M
YoY Change -72.05% 3.85% 190.42%
Acquisitions
YoY Change
Other Investing Activities $105.6M -$107.8M -$17.10M
YoY Change -717.54% 23.91% -64.96%
Cash From Investing Activities $104.1M -$110.5M -$22.32M
YoY Change -566.57% 23.05% -55.91%
FINANCING ACTIVITIES
Cash Dividend Paid $28.29M $14.88M
YoY Change 90.08% 8.24%
Common Stock Issuance & Retirement, Net $6.897M $0.00
YoY Change
Debt Paid & Issued, Net $21.50M
YoY Change
Cash From Financing Activities $464.5M -153.0M $183.6M
YoY Change 153.02% 143.63% -1268.01%
NET CHANGE
Cash From Operating Activities $105.3M 41.20M $45.92M
Cash From Investing Activities $104.1M -110.5M -$22.32M
Cash From Financing Activities $464.5M -153.0M $183.6M
Net Change In Cash $673.9M -222.3M $207.2M
YoY Change 225.27% 120.32% -927.93%
FREE CASH FLOW
Cash From Operating Activities $105.3M $41.20M $45.92M
Capital Expenditures $1.465M -$2.700M $5.242M
Free Cash Flow $103.8M $43.90M $40.68M
YoY Change 155.26% -19.15% 2.98%

Facts In Submission

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4305000 USD
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
3126000 USD
CY2021Q1 us-gaap Marketing Expense
MarketingExpense
1598000 USD
CY2020Q4 us-gaap Marketing Expense
MarketingExpense
1442000 USD
CY2020Q1 us-gaap Marketing Expense
MarketingExpense
1412000 USD
CY2021Q1 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
1829000 USD
CY2020Q4 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
2191000 USD
CY2020Q1 us-gaap Supplies And Postage Expense
SuppliesAndPostageExpense
1103000 USD
CY2021Q1 us-gaap Loan Processing Fee
LoanProcessingFee
1115000 USD
CY2020Q4 us-gaap Loan Processing Fee
LoanProcessingFee
1084000 USD
CY2020Q1 us-gaap Loan Processing Fee
LoanProcessingFee
822000 USD
CY2021Q1 ppbi Deposit Expense
DepositExpense
3859000 USD
CY2020Q4 ppbi Deposit Expense
DepositExpense
5026000 USD
CY2020Q1 ppbi Deposit Expense
DepositExpense
4988000 USD
CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5000 USD
CY2020Q4 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5071000 USD
CY2020Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1724000 USD
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4143000 USD
CY2020Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4505000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3965000 USD
CY2021Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4468000 USD
CY2020Q4 us-gaap Other Noninterest Expense
OtherNoninterestExpense
3805000 USD
CY2020Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
3313000 USD
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
92489000 USD
CY2020Q4 us-gaap Noninterest Expense
NoninterestExpense
99939000 USD
CY2020Q1 us-gaap Noninterest Expense
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66631000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
90929000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
89936000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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31565000 USD
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22261000 USD
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22800000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
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5825000 USD
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68668000 USD
CY2020Q4 us-gaap Net Income Loss
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CY2020Q1 us-gaap Net Income Loss
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25740000 USD
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0.73
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0.71
CY2020Q1 us-gaap Earnings Per Share Basic
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0.43
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0.72
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0.71
CY2020Q1 us-gaap Earnings Per Share Diluted
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0.43
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93529147 shares
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93568994 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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59007191 shares
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94093644 shares
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q1 us-gaap Net Income Loss
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25740000 USD
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28420000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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5534000 USD
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14629000 USD
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22886000 USD
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CY2020Q1 us-gaap Comprehensive Income Net Of Tax
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11400000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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0.30
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CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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CY2020Q1 us-gaap Dividends Common Stock Cash
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DividendsSharebasedCompensationPerShareDeclared
0.25
CY2020Q1 us-gaap Dividends Share Based Compensation
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CY2020Q1 us-gaap Stockholders Equity
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CY2020Q1 us-gaap Net Income Loss
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25740000 USD
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CY2020Q1 us-gaap Depreciation Depletion And Amortization
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CY2021Q1 us-gaap Provision For Loan Lease And Other Losses
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CY2020Q1 us-gaap Provision For Loan Lease And Other Losses
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25454000 USD
CY2021Q1 us-gaap Share Based Compensation
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CY2020Q1 us-gaap Share Based Compensation
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CY2020Q1 us-gaap Gain Loss On Disposition Of Assets
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CY2021Q1 us-gaap Amortization Of Debt Discount Premium
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CY2020Q1 us-gaap Amortization Of Debt Discount Premium
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CY2021Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
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10833000 USD
CY2020Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
5604000 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Gain Loss
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4046000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
7760000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021Q1 us-gaap Payments To Purchase Loans Held For Sale
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CY2020Q1 us-gaap Payments To Purchase Loans Held For Sale
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10491000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
970000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
13961000 USD
CY2021Q1 ppbi Gain Loss On Sale Of Loans Held For Investment
GainLossOnSaleOfLoansHeldForInvestment
361000 USD
CY2020Q1 ppbi Gain Loss On Sale Of Loans Held For Investment
GainLossOnSaleOfLoansHeldForInvestment
771000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14650000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2021Q1 ppbi Bank Owned Life Insurance Income Expense Net
BankOwnedLifeInsuranceIncomeExpenseNet
1675000 USD
CY2020Q1 ppbi Bank Owned Life Insurance Income Expense Net
BankOwnedLifeInsuranceIncomeExpenseNet
1129000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4143000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3965000 USD
CY2021Q1 ppbi Increase Decrease In Accrued Interest Receivable Net And Other Assets
IncreaseDecreaseInAccruedInterestReceivableNetAndOtherAssets
-60176000 USD
CY2020Q1 ppbi Increase Decrease In Accrued Interest Receivable Net And Other Assets
IncreaseDecreaseInAccruedInterestReceivableNetAndOtherAssets
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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105302000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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45921000 USD
CY2021Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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137000 USD
CY2020Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
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0 USD
CY2021Q1 us-gaap Increase Decrease In Undisbursed Loan Funds
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128540000 USD
CY2020Q1 us-gaap Increase Decrease In Undisbursed Loan Funds
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11902000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Finance Receivables
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449000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Finance Receivables
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25038000 USD
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PaymentsToAcquireFinanceReceivables
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CY2020Q1 us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
66470000 USD
CY2021Q1 ppbi Principal Paymentson Heldtomaturity Securities
PrincipalPaymentsonHeldtomaturitySecurities
1807000 USD
CY2020Q1 ppbi Principal Paymentson Heldtomaturity Securities
PrincipalPaymentsonHeldtomaturitySecurities
3234000 USD
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
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364542000 USD
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
104725000 USD
CY2021Q1 ppbi Payments On Available For Sale Securities
PaymentsOnAvailableForSaleSecurities
162568000 USD
CY2020Q1 ppbi Payments On Available For Sale Securities
PaymentsOnAvailableForSaleSecurities
18737000 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
179386000 USD
CY2020Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
97886000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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38000 USD
CY2021Q1 us-gaap Proceeds From Life Insurance Policies
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1307000 USD
CY2020Q1 us-gaap Proceeds From Life Insurance Policies
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0 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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6897000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
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1465000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5242000 USD
CY2021Q1 us-gaap Payments For Proceeds From Federal Reserve Bank Stock
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202000 USD
CY2020Q1 us-gaap Payments For Proceeds From Federal Reserve Bank Stock
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8000 USD
CY2021Q1 us-gaap Payments To Acquire Other Investments
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3873000 USD
CY2020Q1 us-gaap Payments To Acquire Other Investments
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2705000 USD
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104116000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021Q1 us-gaap Increase Decrease In Deposits
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525830000 USD
CY2020Q1 us-gaap Increase Decrease In Deposits
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194563000 USD
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0 USD
CY2020Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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9000000 USD
CY2021Q1 ppbi Repayments Of Federal Home Loan Bank And Other Borrowings
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21503000 USD
CY2020Q1 ppbi Repayments Of Federal Home Loan Bank And Other Borrowings
RepaymentsOfFederalHomeLoanBankAndOtherBorrowings
5000000 USD
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28287000 USD
CY2020Q1 us-gaap Payments Of Dividends
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14882000 USD
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620000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
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903000 USD
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5279000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1008000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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464484000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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183576000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
673902000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
207182000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
880766000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
326850000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1554668000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
534032000 USD
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10890000 USD
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13618000 USD
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IncomeTaxesPaid
77000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
84000 USD
CY2021Q1 ppbi Loans Transferred To Other Real Estate Owned
LoansTransferredToOtherRealEstateOwned
0 USD
CY2020Q1 ppbi Loans Transferred To Other Real Estate Owned
LoansTransferredToOtherRealEstateOwned
26176000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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0 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
10706000 USD
CY2021Q1 ppbi Amount Dueon Security Purchase Unsettled
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0 USD
CY2020Q1 ppbi Amount Dueon Security Purchase Unsettled
AmountDueonSecurityPurchaseUnsettled
57385000 USD
CY2021Q1 ppbi Proceedsfrom Paymentsfor Securities Subsequentto Period End
ProceedsfromPaymentsforSecuritiesSubsequenttoPeriodEnd
-11286000 USD
CY2020Q1 ppbi Proceedsfrom Paymentsfor Securities Subsequentto Period End
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0 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
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<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Allowance for Credit Losses on Loans. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company accounts for credit losses on loans in accordance with ASC 326, which requires the Company to record an estimate of expected lifetime credit losses for loans at the time of origination or acquisition. The ACL is maintained at a level deemed appropriate by management to provide for expected credit losses in the portfolio as of the date of the consolidated statements of financial condition. Estimating expected credit losses requires management to use relevant forward-looking information, including the use of reasonable and supportable forecasts. The measurement of the ACL is performed by collectively evaluating loans with similar risk characteristics. The Company measures the ACL on commercial real estate loans and commercial loans using a discounted cash flow approach, and a historical loss rate methodology is used to determine the ACL on retail loans. The Company’s discounted cash flow methodology incorporates a probability of default and loss given default model, as well as expectations of future economic conditions, using reasonable and supportable forecasts. Together, the probability of default and loss given default model with the use of reasonable and supportable forecasts generate estimates for cash flows expected to be collected over the estimated life of a loan. Estimates of future expected cash flows ultimately reflect assumptions made concerning net credit losses over the life of a loan. The use of reasonable and supportable forecasts requires significant judgment, such as selecting forecast scenarios and related scenario-weighting, as well as determining the appropriate length of the forecast horizon. Management leverages economic projections from a reputable and independent third party to inform and provide its reasonable and supportable economic forecasts. Other internal and external indicators of economic forecasts may also be considered by management when developing the forecast metrics. The Company’s ACL model reverts to long-term average loss rates for purposes of estimating expected cash flows beyond a period deemed reasonable and supportable. The Company forecasts economic conditions and expected credit losses over a two-year time horizon before reverting to long-term average loss rates. The duration of the forecast horizon, the period over which forecasts revert to long-term averages, the economic forecasts that management utilizes, as well as additional internal and external indicators of economic forecasts that management considers, may change over time depending on the nature and composition of our loan portfolio. Changes in economic forecasts, in conjunction with changes in loan specific attributes, impact a loan’s probability of default and loss given default, which can drive changes in the determination of the ACL.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Expectations of future cash flows are discounted at the loan’s effective interest rate. The resulting ACL represents the amount by which the loan’s amortized cost exceeds the net present value of a loan’s discounted cash flows. The ACL is recorded through a charge to provision for credit losses and is reduced by charge-offs, net of recoveries on loans previously charged-off. It is the Company’s policy to charge-off loan balances at the time they have been deemed uncollectible. Please also see </span><span style="color:#212529;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Note 7 - Allowance for Credit Losses</span><span style="color:#212529;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> of these consolidated financial statements for additional discussion concerning the Company’s ACL methodology.</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company’s ACL model also includes adjustments for qualitative factors, where appropriate. Since historical information (such as historical net losses and economic cycles) may not always, by itself, provide a sufficient basis for determining future expected credit losses, the Company periodically considers the need for qualitative adjustments to the ACL. Qualitative adjustments may be related to and include, but not limited to factors such as: (i) management’s assessment of economic forecasts used in the model and how those forecasts align with management’s overall evaluation of current and expected economic conditions, (ii) organization specific risks such as credit concentrations, collateral specific risks, regulatory risks, and external factors that may ultimately impact credit quality, (iii) potential model limitations such as limitations identified through backtesting, and other limitations associated with factors such as underwriting changes, acquisition of new portfolios and changes in portfolio segmentation, and (iv) management’s overall assessment of the adequacy of the ACL, including an assessment of model data inputs used to determine the ACL.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company has a credit portfolio review process designed to detect problem loans. Problem loans are typically those of a substandard or worse internal risk grade, and may consist of loans on nonaccrual status, troubled debt restructurings (“TDRs”), loans where the likelihood of foreclosure on underlying collateral has increased, collateral dependent loans and other loans where concern or doubt over the ultimate collectability of all contractual amounts due has become elevated. Such loans may, in the opinion of management, be deemed to no longer possess risk characteristics similar to other loans in the loan portfolio, and as such may require individual evaluation to determine an appropriate ACL for the loan. When a loan is individually evaluated, the Company typically measures the expected credit loss for the loan based on a discounted cash flow approach, unless the loan has been deemed collateral dependent. Collateral dependent loans are loans where the repayment of the loan is expected to come from the operation of and/or eventual liquidation of the underlying collateral. The ACL for collateral dependent loans is determined using estimates for the expected fair value of the underlying collateral, less costs to sell.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Although management uses the best information available to derive estimates necessary to measure an appropriate level of ACL, future adjustments to the ACL may be necessary due to economic, operating, regulatory, and other conditions that may extend beyond the Company’s control. Additionally, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s ACL and credit review process. Such agencies may require the Company to recognize additions to the allowance based on judgments different from those of management. </span></div>The Company has segmented the loan portfolio according to loans that share similar attributes and risk characteristics. Each segment possesses varying degrees of risk based on, among other things, the type of loan, the type of collateral, and the sensitivity of the borrower or industry to changes in external factors such as economic conditions. These segment groupings are: investor loans secured by real estate, business loans secured by real estate, commercial loans, and retail loans. Within each segment grouping there are various classes of loans as disclosed below. The Company determines the ACL for loans based on this more detailed loan segmentation and classification.
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.
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CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
13117392000 USD
CY2020Q4 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
1862085000 USD
CY2020Q4 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
3354750000 USD
CY2020Q4 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
2140513000 USD
CY2020Q4 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
1072603000 USD
CY2020Q4 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
2152690000 USD
CY2020Q4 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
912643000 USD
CY2020Q4 us-gaap Financing Receivable Revolving Converted To Term Loan
FinancingReceivableRevolvingConvertedToTermLoan
11386000 USD
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
13236433000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
13117392000 USD
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
13236433000 USD
CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
38900000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
688000 USD
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
29200000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
126000 USD
CY2021Q1 ppbi Financing Receivable Nonaccual Individually Evaluated For Impairment
FinancingReceivableNonaccualIndividuallyEvaluatedForImpairment
38900000 USD
CY2020Q4 ppbi Financing Receivable Nonaccual Individually Evaluated For Impairment
FinancingReceivableNonaccualIndividuallyEvaluatedForImpairment
29200000 USD
CY2020 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 loan
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 loan
CY2021Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0 loan
CY2021Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0 loan
CY2020Q1 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1 loan
CY2020Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
1300000 investmentSecurity
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
38900000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
29200000 USD
CY2021Q1 ppbi Financing Receivable Collateral Dependent Nonaccrual
FinancingReceivableCollateralDependentNonaccrual
21984000 USD
CY2021Q1 ppbi Financing Receivable Collateral Dependent Nonaccrual Allowancefor Credit Loss
FinancingReceivableCollateralDependentNonaccrualAllowanceforCreditLoss
0 USD
CY2021Q1 ppbi Financing Receivable Non Collateral Dependent Nonaccrual
FinancingReceivableNonCollateralDependentNonaccrual
16925000 USD
CY2021Q1 ppbi Financing Receivable Non Collateral Dependent Nonaccrual Allowancefor Credit Loss
FinancingReceivableNonCollateralDependentNonaccrualAllowanceforCreditLoss
688000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
38909000 USD
CY2021Q1 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
35431000 USD
CY2020Q4 ppbi Financing Receivable Collateral Dependent Nonaccrual
FinancingReceivableCollateralDependentNonaccrual
14037000 USD
CY2020Q4 ppbi Financing Receivable Collateral Dependent Nonaccrual Allowancefor Credit Loss
FinancingReceivableCollateralDependentNonaccrualAllowanceforCreditLoss
0 USD
CY2020Q4 ppbi Financing Receivable Non Collateral Dependent Nonaccrual
FinancingReceivableNonCollateralDependentNonaccrual
15172000 USD
CY2020Q4 ppbi Financing Receivable Non Collateral Dependent Nonaccrual Allowancefor Credit Loss
FinancingReceivableNonCollateralDependentNonaccrualAllowanceforCreditLoss
126000 USD
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
29209000 USD
CY2020Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
27968000 USD
CY2021Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
0 USD
CY2020Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
0 USD
CY2021Q1 ppbi Financing Receivable Collateral Dependent
FinancingReceivableCollateralDependent
21984000 USD
CY2020Q4 ppbi Financing Receivable Collateral Dependent
FinancingReceivableCollateralDependent
14037000 USD
CY2021Q1 ppbi Qualitative Adjustment Amount Includedinthe Allowancefor Credit Loss
QualitativeAdjustmentAmountIncludedintheAllowanceforCreditLoss
8000000.0 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
268018000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1952000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
618000 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
315000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
266999000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
35698000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1436000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
92000 USD
CY2020Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
25382000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
115422000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
-1000000.0 USD
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
315000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
1300000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
79700000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
1300000 USD
CY2021Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
32800000 USD
CY2020Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
31100000 USD
CY2021Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
1700000 USD
CY2020Q1 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
11600000 USD
CY2020Q1 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
72000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
900200000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
898600000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
898569000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
808322000 USD
CY2021Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
1635000 USD
CY2020Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 USD
CY2021Q1 us-gaap Goodwill
Goodwill
900204000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
808322000 USD
CY2021Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2020Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
85500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
145212000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
145212000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
125945000 USD
CY2021Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2020Q4 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2020Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
145212000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
145212000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
125945000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59705000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
55200000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
42633000 USD
CY2021Q1 ppbi Amortization Of Intangible Assets1
AmortizationOfIntangibleAssets1
4143000 USD
CY2020Q4 ppbi Amortization Of Intangible Assets1
AmortizationOfIntangibleAssets1
4505000 USD
CY2020Q1 ppbi Amortization Of Intangible Assets1
AmortizationOfIntangibleAssets1
3963000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
63848000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59705000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
46596000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81364000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
85507000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
79349000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
15900000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14000000.0 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
12300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11100000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10000000.0 USD
CY2021Q1 us-gaap Subordinated Debt
SubordinatedDebt
501600000 USD
CY2020Q4 us-gaap Subordinated Debt
SubordinatedDebt
501500000 USD
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
505403000 USD
CY2021Q1 us-gaap Subordinated Debt
SubordinatedDebt
501611000 USD
CY2020Q4 us-gaap Subordinated Debt
SubordinatedDebt
501511000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
68668000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
67136000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
25740000 USD
CY2021Q1 ppbi Preferred Stock Dividends And Other Adjustments And Undistributed Earnings Loss Allocated To Participating Securities Basic
PreferredStockDividendsAndOtherAdjustmentsAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
665000 USD
CY2020Q4 ppbi Preferred Stock Dividends And Other Adjustments And Undistributed Earnings Loss Allocated To Participating Securities Basic
PreferredStockDividendsAndOtherAdjustmentsAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
629000 USD
CY2020Q1 ppbi Preferred Stock Dividends And Other Adjustments And Undistributed Earnings Loss Allocated To Participating Securities Basic
PreferredStockDividendsAndOtherAdjustmentsAndUndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
232000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
68003000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
66507000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25508000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93529147 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93568994 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59007191 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
68003000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
66507000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25508000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93529147 shares
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93568994 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59007191 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
564497 shares
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400194 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
182526 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94093644 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93969188 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59189717 shares
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
4000 USD
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
198000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5326000 USD
CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
5326000 USD
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2021Q1 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
5326000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5332000 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
5332000 USD
CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 USD
CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
5332000 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
12053000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
12053000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
12053000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
12066000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
12066000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
6140000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
5926000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
5012000 USD
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
5375000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
3164000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
507000 USD
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
607000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
527000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
5519000 USD
CY2020Q4 us-gaap Lease Cost
LeaseCost
5982000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
3691000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
70417000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76090000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
79441000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
85556000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2000000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
2257000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14778000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
18682000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18051000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
16076000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11014000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
13039000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91640000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Short Term Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityShortTermPaymentsRemainderOfFiscalYear
180000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Shortterm Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityShorttermPaymentsDueNextTwelveMonths
7000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Shortterm Payments Due Year Two
LesseeOperatingLeaseLiabilityShorttermPaymentsDueYearTwo
0 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Shortterm Payments Due Year Three
LesseeOperatingLeaseLiabilityShorttermPaymentsDueYearThree
0 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Shortterm Payments Due Year Four
LesseeOperatingLeaseLiabilityShorttermPaymentsDueYearFour
0 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Short Term Payments Due After Year Four
LesseeOperatingLeaseLiabilityShortTermPaymentsDueAfterYearFour
0 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Shortterm Payments Due
LesseeOperatingLeaseLiabilityShorttermPaymentsDue
187000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsRemainderOfFiscalYear
14958000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsDueNextTwelveMonths
18689000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Due Year Two
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsDueYearTwo
18051000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Due Year Three
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsDueYearThree
16076000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Due Year Four
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsDueYearFour
11014000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Due After Year Four
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsDueAfterYearFour
13039000 USD
CY2021Q1 ppbi Lessee Operating Lease Liability Contractual Base Rents Payments Due
LesseeOperatingLeaseLiabilityContractualBaseRentsPaymentsDue
91827000 USD
CY2021Q1 ppbi Operating Lease Longtermand Shortterm Liability
OperatingLeaseLongtermandShorttermLiability
79441000 USD
CY2021Q1 ppbi Lessee Operating Lease Longtermand Shortterm Liability Undiscounted Excess Amount
LesseeOperatingLeaseLongtermandShorttermLiabilityUndiscountedExcessAmount
12386000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0570
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
175000 USD
CY2020Q4 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
178000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
25000 USD

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