Pacific Alliance Bank
Pacific Alliance Bank provides commercial and consumer banking products and services for small to midsize business owners, and employees in the United States. It offers checking, money market, savings, and individual retirement accounts; and certificates of deposit. The company also provides mortgage, commercial, term, commercial real estate, construction, and SBA loans; and lines of credit. In a… Read more
Pacific Alliance Bank (PFBN) - Net Assets
Latest net assets as of December 2023: $51.94 Million USD
Based on the latest financial reports, Pacific Alliance Bank (PFBN) has net assets worth $51.94 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($393.28 Million) and total liabilities ($341.34 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $51.94 Million |
| % of Total Assets | 13.21% |
| Annual Growth Rate | 7.04% |
| 5-Year Change | 28.7% |
| 10-Year Change | N/A |
| Growth Volatility | 59.96 |
Pacific Alliance Bank - Net Assets Trend (2006–2024)
This chart illustrates how Pacific Alliance Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pacific Alliance Bank (2006–2024)
The table below shows the annual net assets of Pacific Alliance Bank from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $53.42 Million | +2.85% |
| 2023-12-31 | $51.94 Million | +8.88% |
| 2022-12-31 | $47.71 Million | +5.61% |
| 2021-12-31 | $45.17 Million | +8.83% |
| 2020-12-31 | $41.51 Million | +6.83% |
| 2019-12-31 | $38.86 Million | +174.37% |
| 2007-12-31 | $14.16 Million | -9.75% |
| 2006-12-31 | $15.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pacific Alliance Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2476752100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $23.98 Million | 44.89% |
| Common Stock | $29.65 Million | 55.50% |
| Other Comprehensive Income | $-1.95 Million | -3.65% |
| Other Components | $1.74 Million | 3.26% |
| Total Equity | $53.42 Million | 100.00% |
Pacific Alliance Bank Competitors by Market Cap
The table below lists competitors of Pacific Alliance Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FutureTech II Acquisition Corp. Warrant
NASDAQ:FTIIW
|
$79.56K |
|
BTFL39
SA:BTFL39
|
$79.56K |
|
VIETNAM ENTERPRISE INV.
F:VP3
|
$79.57K |
|
Life & Banc Split Corp
TO:LBS
|
$79.60K |
|
Hwashin Co. Ltd.
KQ:010690
|
$79.46K |
|
TAKYX
NMFQS:TAKYX
|
$79.33K |
|
GulfSlope Energy Inc
PINK:GSPE
|
$79.31K |
|
ISMWF
OTCGREY:ISMWF
|
$79.30K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pacific Alliance Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 51,941,490 to 53,423,157, a change of 1,481,667 (2.9%).
- Net income of 1,434,000 contributed positively to equity growth.
- Dividend payments of 322,584 reduced retained earnings.
- New share issuances of 37,450 increased equity.
- Other comprehensive income increased equity by 162,284.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.43 Million | +2.68% |
| Dividends Paid | $322.58K | -0.6% |
| Share Issuances | $37.45K | +0.07% |
| Other Comprehensive Income | $162.28K | +0.3% |
| Other Changes | $170.52K | +0.32% |
| Total Change | $- | 2.85% |
Book Value vs Market Value Analysis
This analysis compares Pacific Alliance Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.91x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $9.46 | $8.60 | x |
| 2007-12-31 | $5.85 | $8.60 | x |
| 2019-12-31 | $12.21 | $8.60 | x |
| 2020-12-31 | $13.23 | $8.60 | x |
| 2021-12-31 | $14.30 | $8.60 | x |
| 2022-12-31 | $14.99 | $8.60 | x |
| 2023-12-31 | $16.24 | $8.60 | x |
| 2024-12-31 | $16.71 | $8.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pacific Alliance Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.44%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 7.69x
- Recent ROE (2.68%) is above the historical average (2.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -5.00% | -800.00% | 0.01x | 1.16x | $-2.35 Million |
| 2007 | -16.90% | -203.66% | 0.02x | 3.72x | $-3.81 Million |
| 2019 | 5.96% | 26.92% | 0.03x | 6.81x | $-1.57 Million |
| 2020 | 5.47% | 22.88% | 0.03x | 8.69x | $-1.88 Million |
| 2021 | 10.69% | 32.18% | 0.04x | 8.20x | $310.54K |
| 2022 | 10.76% | 30.82% | 0.04x | 8.14x | $361.29K |
| 2023 | 6.80% | 15.34% | 0.06x | 7.57x | $-1.66 Million |
| 2024 | 2.68% | 14.44% | 0.02x | 7.69x | $-3.91 Million |
Industry Comparison
This section compares Pacific Alliance Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $22,823,266,317
- Average return on equity (ROE) among peers: 14.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pacific Alliance Bank (PFBN) | $51.94 Million | -5.00% | 6.57x | $79.54K |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.91 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $452.68 Million |
| Addiko Bank AG (ADBKF) | $6.08 Billion | 0.58% | 0.00x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $79.98 Million |
| Absa Group Limited (AGRPF) | $56.49 Billion | 12.11% | 11.71x | $6.72 Billion |
| AIB Group plc (AIBGY) | $2.74 Billion | 18.02% | 16.84x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $153.61 Billion | 39.08% | 6.47x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $8.37 Billion | 34.92% | 7.81x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $235.94 Million | 14.17% | 11.96x | $248.47 Million |