First Pactrust Bancorp Inc. Reports Operating Results (10-Q)

First Pactrust Bancorp Inc. has a market cap of $131.29 million; its shares were traded at around $11.33 with a P/E ratio of 8.04 and P/S ratio of 2.87. The dividend yield of First Pactrust Bancorp Inc. stocks is 4.06%.


This is the annual revenues and earnings per share of FPTB over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of FPTB .


Highlight of Business Operations: Troubled Debt Restructured Loans (TDRs). As of September 30, 2011, the Company had 27 loans with an aggregate balance of $17.0 million, net of specific valuation allowances, classified as TDR compared to $23.1 million at December 31, 2010. Specific valuation allowances totaling $1 million (net of $201 thousand previously charged off) have been established for these loans as of September 30, 2011 compared to $3.1 million at December 31, 2010. When a loan becomes a TDR the Company ceases accruing interest, recognizes principal and interest payments on a cash basis and classifies it as non-accrual until the borrower has made at least six consecutive payments and in certain instances twelve consecutive payments under the modified terms. Of the 27 loans classified as TDR, 19 loans totaling $10.6 million are performing under their modified terms (defined as less than 30 days delinquent). Of the performing TDRs, $10.0 million have been paying as agreed for more than six months and are on accrual status while $489 thousand are performing and earning interest on a cash basis but are classified non-accrual because the borrower has yet to make six consecutive payments under the modified agreement. Six TDR loans with an aggregate balance of $2.4 million are past due (defined as over 90 days delinquent). Past due TDR loans consist of one land loan with an aggregate balance of $333 thousand and four real estate one-to four- family first mortgage loans totaling 2.1 million.

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First Pactrust Bancorp Inc. Reports Operating Results (10-Q)

When a loan becomes a TDR the Company ceases accruing interest, recognizes principal and interest payments on a cash basis and classifies it as non-accrual until the borrower has made at least six consecutive payments and in certain instances twelve



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