Private Bancorp of America, Inc. filed its quarterly report on Form 10-Q with the SEC on September 4, 2026, covering the period ended June 30, 2026, disclosing financial results for the three and six months ended on that date.

Key Highlights

  • Net income of $13,118 thousand for the three months ended June 30, 2026, compared to $10,449 thousand for the same period in 2025, according to the filing.
  • Six-month net income of $25,145 thousand for the first half of 2026, versus $21,011 thousand in the first half of 2025, as reported.
  • Total assets reached $2,708,302 thousand as of June 30, 2026, up from $2,535,057 thousand at December 31, 2025.
  • Total deposits grew to $2,381,237 thousand at June 30, 2026, compared to $2,223,881 thousand at year-end 2025.
  • Basic earnings per share of $2.29 for Q2 2026, versus $1.80 for Q2 2025; diluted earnings per share of $2.27 versus $1.77.
  • Total shareholders' equity of $285,516 thousand at June 30, 2026, up from $263,964 thousand at December 31, 2025.
  • 5,729,788 shares of common stock outstanding as of August 31, 2026, per the filing's cover page.

Private Bancorp of America Financial Results for the Quarter Ended June 30, 2026

According to the filing, Private Bancorp of America (NASDAQ:PBAM) reported net interest income of $33,545 thousand for the three months ended June 30, 2026, compared to $30,113 thousand for the same quarter in 2025. For the six months ended June 30, 2026, net interest income was $66,154 thousand, up from $57,845 thousand in the prior-year period. Total interest and dividend income for Q2 2026 was $43,375 thousand, with interest and fees on loans comprising $39,038 thousand of that total.

The filing disclosed a provision reversal for credit losses of $204 thousand in Q2 2026, compared to a provision expense of $1,293 thousand in Q2 2025. The allowance for loan losses stood at $30,462 thousand as of June 30, 2026, up from $29,323 thousand at December 31, 2025. Loans held for investment, net of the allowance, totaled $2,102,262 thousand at quarter-end. Total noninterest expense for Q2 2026 was $16,863 thousand, with compensation and employee benefits representing the largest component at $11,142 thousand, compared to $10,319 thousand in Q2 2025.

On the balance sheet, cash and cash equivalents increased to $300,355 thousand at June 30, 2026, from $155,015 thousand at December 31, 2025. Other real estate owned increased to $13,637 thousand from $8,568 thousand over the same period. The company reported accumulated other comprehensive loss of $6,225 thousand at June 30, 2026. The registrant identified itself as an emerging growth company and indicated it has elected not to use the extended transition period for complying with new or revised financial accounting standards.

What Was Disclosed

Private Bancorp of America filed its unaudited quarterly financial statements for the period ended June 30, 2026, reporting higher net income, net interest income, total assets, and total deposits compared to year-end 2025 and the prior-year quarter, along with balance sheet and equity details.