Pacific Mercantile Bancorp (PMBC)

[56Chevy]

My interest in this is as a possible M&A target. 1/4/2011

Why?

1) It ranks 632 of the top 675 troubled banks in the US as of 11/24/2010 with a below Effective Tier 1 Leverage Ratio that the FDIC likes to see (8 or above). 2) It's located in Southern California. Healthy regional banks will want to acquire semi-troubled banks like this. 3) The FDIC may assist in helping someone else acquire it. Again this is only my opinion.

Name Pacific Mercantile Bank (PMBC)
City Costa Mesa
State CA

Total Assets (000s) $1,146,319
NPA/ Assets 5.70
Equity/ Assets 7.11
Tier 1 Leverage Ratio 7.09
Tier 1 Risk-based Ratio 9.80
Total Risk-based Ratio 11.07
Texas Ratio 62.33
Effective Equity/ Assets 5.77
Effective Tier 1 Leverage Ratio 5.77