Average User Rating:
2.5 star rating based on 3 reviews.

Pacific Mercantile Bank

949 South Coast Drive Third Floor
Costa Mesa, CA 92626
(877) 450-BANK (2265)
www.pmbank.com

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Pacific Mercantile Bank is headquartered in Costa Mesa and is the 52^nd largest bank in the state of California. It is also the 631^st largest bank in the nation. It was established in 1999 and as of December of 2012, it had grown to 327 employees at 10 locations. Pacific Mercantile Bank's money market rates are 16% higher than the national average, and it has a 4-star health rating.

Pacific Mercantile Bank Routing Number: 122242869

Re-Titleing Account (Forum) - 9/1/2010

Unfortunately I have to re-title my account because of the death of my husband. Most banks want to re-title my account from a joint account with the right of survivorship, to an individual account with POD beneficiaries. The FDIC does not reco

2.75% Reward Checking Account with a $100K Balance Cap at Pacific Mercantile Bank in CA - Local Only - 12/13/2009

Pacific Mercantile Bank is offering a high-yield reward checking account called Premium Interest Checking. It has the following rates and features if certain monthly requirements are met:2.75% for balances of $1,500 to $100,0000.40% for under $1,500 and...

2.87% 18-Month CD IRA & Other High Rates at Pacific Mercantile Bank in CA - Nationally Available - 5/28/2009

Pacific Mercantile Bank is offering a competitive rate on its IRA CD of 2.87% APY for terms of 18 months and 2 years. The 5-year rate is also 2.87% APY, but this isn't as competitive. Minimum deposit is $7,500. The rates are listed at the bank's IRA rate...

5.10% 12-Month CD at Pacific Mercantile Bank - 12/24/2007

Update 9/20/08: The latest 12-month CD yield is 4.50% APY. Please check the bank's website for the latest rates.Pacific Mercantile Bank is offering a 5.10% APY 12-month certificate of deposit. The minimum deposit is $10,000.From the online application it...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Pacific Mercantile Bank Checking Account Rates

Apy	Min	Max	Product
1.00%	$25k	$125k	Premium Interest Checking Account Plus
0.10%	$4k	-	Attorney/Client Trust (IOLTA)
0.05%	$1,500	-	Personal Net Image Interest Checking Account
0.05%	$5k	-	Business Interest Checking

Pacific Mercantile Bank Savings Account Rates

Apy	Min	Max	Product
0.05%	$250	-	Personal Net Image Savings Account
0.05%	$250	-	Business Basic Savings

Pacific Mercantile Bank Money Market Rates

Apy	Min	Max	Product
0.51%	$1m	-	Personal High Performance Money Market Savings Account
0.51%	$1m	-	Business High Performance Money Market Savings
0.40%	$1m	-	Personal High Performance Money Market Checking Account
0.15%	$100k	-	Personal Basic Money Market Account
0.15%	$100k	-	Business Basic Money Market Checking

Pacific Mercantile Bank CD Rates

Apy	Min	Max	Product
0.50%	$10k	-	60 Month Net CD
0.50%	$10k	-	Business 60 Month Net CD
0.40%	$10k	-	36 Month Net CD
0.40%	$10k	-	Business 36 Month Net CD
0.35%	$10k	-	24 Month Net CD
0.35%	$10k	-	Business 24 Month Net CD
0.30%	$10k	-	12 Month Net CD
0.30%	$10k	-	18 Month Net CD
0.30%	$10k	-	Business 12 Month Net CD
0.30%	$10k	-	Business 18 Month Net CD
0.15%	$10k	-	6 Month Net CD
0.15%	$10k	-	Business 6 Month Net CD
0.10%	$10k	-	3 Month Net CD
0.10%	$10k	-	Business 3 Month Net CD

Pacific Mercantile Bank IRA Rates

Apy	Min	Max	Product
0.50%	$7,500	-	18 Month IRA
0.50%	$7,500	-	2 Year IRA
0.50%	$7,500	-	5 Year IRA
0.50%	$7,500	-	18 Month Roth IRA
0.50%	$7,500	-	2 Year Roth IRA
0.50%	$7,500	-	5 Year Roth IRA

Rates updated: 5/21/2013

Data for Q4 2012

Institution Statistics

Pacific Mercantile Bank
FDIC Certificate #	34940
BankRate Report	View
Year Established	1999
Employees	327
Primary Regulator	FED
Assets and Liabilities
Assets	$1.05 billion
Loans	$775.07 million
Deposits	$855.84 million
Equity Capital	$131.34 million
Loan Loss Allowance	$10.88 million
Unbacked Noncurrent Loans	$18.23 million
Real Estate Owned	$17.71 million
Historic Data - December 2011
Assets	$1.02 billion
Equity Capital	$103.19 million
Loan Loss Allowance	$15.63 million
Unbacked Noncurrent Loans	$13.56 million
Real Estate Owned	$37.42 million
Profit Margin - Quarterly
Net Interest Margin	3.46%
Return on Assets	1.09%
Return on Equity	9.65%
Interest Income	$41.81 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Pacific Mercantile Bank had $35.94 million in non-current loans and owned real-estate with $142.22 million in equity and loan loss allowances on hand to cover it. This gives Pacific Mercantile Bank a Texas Ratio of 25.27% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Pacific Mercantile Bank decreased significantly from 43.36% as of December 31, 2011 to 25.27% as of December 31, 2012, resulting in a positive change of 41.72%.This indicates that the balance sheet and financial strength for Pacific Mercantile Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Pacific Mercantile Bank has decreased its total deposits by -$7.66 million, resulting in -0.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pacific Mercantile Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pacific Mercantile Bank has $1.05 billion in assets with $142.22 million in equity, resulting in a capitalization level of 13.51%, which is excellent.

Case By Case
1 stars

- richard - Tuesday, August 2, 2011 - 12:37 AM

Pacific Mercantile in Costa Mesa is the epidomy of greed, dishonesty, and corruption. They will look into your portfolio and if there is money there, they will wait untill you are deep into the loan and suddenly come up with unexpected fees and cost, knowing its very hard to back out.

This all comes under the umbrella that each loan is on a case by case basis. The outright dishonesty is uphaling. You can get away with it once or twice but these deceptive practices will catch up with them, hopefull in court where it will matter.

New USDA Loan
5 stars

- GaryGray - Wednesday, December 22, 2010 - 11:54 AM

My wife and I are currently working with the Loan Officer Tanvir Karim purchase a new home. He has been extemely professional and attentive to detail. I do not know the circumstancdes of the other review posted. However, my experience with Pacific Mercantile Bank has been a breath of fresh air compared to our last experience with another lending institution trying to put together a simular loan. 5 stars earned excellent service. Gary and Darilyn Gray

Dont Even Consider This Lender For Your Home Loan
1 stars

- Anonymous - Tuesday, August 24, 2010 - 4:19 PM

We have been stuck in Hotels and now renting our own home from the sellers while we wait for this hopeless institution to figure out how to prepare documents!! They confirm there is nothing holding up the closing, but they just cant seem to produce any results. What a nightmare!!!

Homeless in Texas

Pacific Mercantile Bank

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