Private Bancorp of America, Inc. (PBAM) reported third-quarter 2026 net income of $11.4 million, or $1.97 per diluted share, versus $13.1 million and $2.27 in the prior quarter and $9.7 million and $1.65 a year earlier. Net interest income was $34.1 million, up 16.3% from third-quarter 2025; net interest margin was 5.05%, compared with 5.18% in the prior quarter and 4.65% a year earlier. Core deposits were $2.36 billion at September 30, 2026, up $31.8 million from June 30, 2026, while loans held for investment were $2.19 billion, up $54.0 million over the same period.
At September 30, 2026, criticized loans totaled $71.9 million, or 3.29% of total loans, compared with $58.0 million, or 2.72%, at June 30, 2026. Nonperforming assets were $43.3 million, or 1.58% of assets, compared with $40.5 million, or 1.50%. The $1.3 million quarterly provision included approximately $0.8 million related to the new CECL model, implemented July 1, 2026, for loans held-for-investment and unfunded commitments. The available-for-sale securities portfolio had a $17.7 million pretax net unrealized loss at September 30, 2026, versus $8.9 million at June 30, 2026. PBAM began trading on the Nasdaq Global Select Market on July 30, 2026; the quarter included approximately $0.9 million in uplisting expenses.
Private Bancorp of America, Inc. (PBAM) is the issuer for which Ernest Rady Trust U/D/T March 10, 1983, Ernest S. Rady, Insurance Company of the West (ICW) and American Assets Investment Management, LLC (AAIM) report collective beneficial ownership of 559,432 common shares, or 9.8%. The percentage is based on 5,729,788 shares outstanding as of August 31, 2026. ICW owns 548,651 shares and the Trust holds 10,781; the Trust’s and Mr. Rady’s reported totals include ICW shares through deemed dispositive power. AAIM has investment trading authority over ICW’s shares and disclaims beneficial ownership.
Private Bancorp of America, Inc. (PBAM) has a Schedule 13G filing reporting that Selwyn and Hilary Isakow together beneficially owned 592,397 shares of the company’s Common Stock, representing 10.3% of the outstanding shares based on 5,729,788 shares outstanding as of August 31, 2026.
Selwyn Isakow’s beneficial ownership includes shares held directly, in retirement accounts, in family trusts where he or his spouse is trustee, and in Hilsel Investment Company L.P. over which he may have voting or investment power. He has 390,599 shares with sole voting and dispositive power and 201,798 shares with shared voting and dispositive power. Hilary Isakow is reported to beneficially own 201,798 shares, or 3.5% of the class, all through family trusts where she serves as sole trustee, giving her shared voting and dispositive power over those shares.
Private Bancorp of America, Inc. (PBAM) reported that Cory Stewart, Executive Vice President and Chief Financial Officer of the company and its wholly owned subsidiary CalPrivate Bank, entered into a three-year employment agreement effective September 5, 2026. The agreement sets a minimum annual base salary of $425,000, with eligibility for a target annual incentive bonus equal to 40% of base salary beginning with the 2026 performance period. Starting in 2027, Stewart is also entitled to annual restricted stock unit awards with a target value up to 40% of base salary, subject to vesting and plan terms.
If Stewart is terminated without cause or resigns for good reason, he is entitled to a lump sum severance equal to 18 months of base salary plus a pro rata bonus, and COBRA premium reimbursement for up to 12 months (or six months if termination is for good reason), contingent on signing a release. If such a termination occurs within one year after a change of control, severance increases to a lump sum equal to 24 months of base salary plus the full target annual bonus, with COBRA reimbursement for up to 12 months, subject to the same release and with payments reduced as needed to avoid excess parachute payments under Section 280G. The agreement also includes an eight-month post-employment non-solicitation covenant.
Private Bancorp of America, Inc. (PBAM) reported solid Q2 2026 results, with total assets of $2.71 billion, up from $2.54 billion at December 31, 2025. Loans held for investment were stable at $2.13 billion, while total deposits grew to $2.38 billion from $2.22 billion.
For the quarter ended June 30, 2026, net interest income rose to $33.5 million from $30.1 million, aided by lower interest expense and a small reversal of credit loss provision. Net income increased to $13.1 million from $10.4 million, and diluted EPS improved to $2.27 from $1.77, despite a sharp decline in noninterest income driven by much lower gains on SBA loan sales.
For the first six months of 2026, net income was $25.1 million versus $21.0 million a year earlier. The allowance for loan losses increased modestly to $30.5 million, and other real estate owned rose to $13.6 million. Liquidity strengthened, with cash and cash equivalents nearly doubling to $300.4 million, and operating cash flow improving to $26.5 million from $12.9 million.
Private Bancorp of America, Inc. (PBAM) received an initial Form 3 filing from officer Frazier Andra R., who serves as EVP and CCO. The filing reports their status as an executive officer but does not list any equity transactions or current holdings in PBAM common stock. A Power of Attorney is referenced for filing authority.
Private Bancorp of America, Inc., parent of CalPrivate Bank, announced the appointment of Andra Frazier as the Bank’s new Executive Vice President and Chief Credit Officer. She brings decades of experience at regional and community banks to support the Bank’s strategic growth and credit risk management.
CalPrivate Bank serves high-net-worth clients and businesses across several California markets and via digital banking. As of June 30, 2026, the Company reported $2.71 billion in assets, $2.13 billion in loans, and $2.38 billion in deposits. For the quarter ended June 30, 2026, net income was $13.1 million with $2.27 in diluted EPS. The Bank highlights multiple industry recognitions, including being ranked the 10th best bank in the country by Bank Director’s RankingBanking and #1 in its asset class for ROA and ROE.
Private Bancorp of America, Inc., holding company for CalPrivate Bank, furnished a Q2 2026 investor presentation outlining franchise performance and strategy. The relationship-focused community bank operates seven branches across coastal Southern California, targeting high net worth individuals, real estate professionals, and small to mid‑sized businesses.
For Q2 2026, the company reported $13.1 million in net income and $2.27 earnings per share, with total assets of $2.71 billion, loans held for investment of $2.13 billion, and deposits of $2.38 billion. Tangible book value per share was $49.57, up $2.19 from March 31, 2026. Profitability metrics included a 5.18% net interest margin, 1.99% return on average assets, and 18.90% return on average tangible common equity, with an efficiency ratio of 48.81%.
Core deposits increased $260.8 million year over year, or 12.6%, while total deposits rose 10.1%. Total cost of deposits was 1.63%, and noninterest-bearing balances were 27.9% of total deposits. Available liquidity of $2.4 billion represented about 191% of uninsured deposits, and wholesale funding declined 38% year over year. Asset quality metrics showed nonperforming assets at 1.50% of total assets, an allowance for loan losses of $30.5 million (1.43% of loans HFI), and continued reductions in criticized and classified loans. The company also highlighted a new $10 million stock repurchase authorization and its July 30, 2026 listing on the Nasdaq Global Select Market under the symbol PBAM.
Private Bancorp of America, Inc. reported a new equity incentive award for its President and Chief Executive Officer, Richard L. Sowers, under an existing employment agreement. On August 4, 2026, Sowers received a stock option to purchase 30,000 shares of common stock under the company’s 2026 Omnibus Equity Incentive Plan. The option has an exercise price of $85.65, equal to the closing stock price on the grant date, and a term ending on the tenth anniversary of the grant date. The option becomes exercisable when the company’s 2028 audited financial statements are delivered, subject to achievement of specified performance goals in the award agreement and Sowers’ continued employment with CalPrivate Bank through the vesting date. The award is also subject to the company’s standard forfeiture and clawback provisions for incentive compensation.
Private Bancorp of America, Inc. reported that President and CEO Richard L. Sowers received a grant of 30,000 stock options on August 4, 2026. The options have an exercise price of $85.65 per share, expire on August 4, 2036, and, if earned, are exercisable into 30,000 shares of common stock. According to the grant terms, the options vest when the company’s 2028 audited financial statements are delivered, subject to Sowers’ continued employment and achievement of specified performance conditions as of the vesting date.