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home / news releases / PDOB - Presidio Bank Reports Financial Results for the Third Quarter of 2018

PDOB - Presidio Bank Reports Financial Results for the Third Quarter of 2018

Presidio Bank (San Francisco)

Presidio Bank (OTCBB: PDOB), a Bay Area business bank, today reported unaudited results for the third quarter ended September 30, 2018 with Net Income of $3.5 million, up $664 thousand (24%) from the second quarter of 2018 and up $1.4 million (68%) from the third quarter of 2017. Diluted Earnings per Share were $0.53 for the quarter, up from $0.44 in the second quarter of 2018 and up from $0.32 in the third quarter of 2017. Total Assets were $834 million at September 30, 2018, down $19 million from June 30, 2018 but up $49 million from September 30, 2017.

“Moderate loan growth combined with good expense control and increasing margins resulted in another quarter of strong profitability growth for the Bank,” said Presidio Bank CEO Steve Heitel. “Our Return on Assets and Return on Equity once again reached new highs.”

Financial Highlights

  • Total Loans Outstanding were up $16 million from the quarter ending June 30, 2018 and up $52 million from September 30, 2017 or 8%. New Loan Originations were $42 million, down from $50 million in the second quarter of 2018. Loan growth was centered in Personal Lines of Credit and Home Equity Lines. Despite relatively soft originations in the third quarter, the loan pipeline remains solid heading into the fourth quarter.
  • Total Deposits decreased by $23 million from the quarter ended June 30, 2018 and increased by $37 million from September 30, 2017 or 5%. During the quarter ended June 30, 2018, the decline in Money Market Deposits and Time Deposits was partially offset by an increase in Demand Deposits which now account for 43% of total deposits. The decline in Time Deposits was due to the Bank’s decision to not renew a $10 million Certificate of Deposit from the State of California.
  • Net Interest Income of $9.1 million in the third quarter of 2018 was up 9% from the second quarter of 2018 and up 15.5% from the third quarter of 2017. This increase is due to higher average loan and securities balances, increased loan yields, and increased interest rates on liquid assets invested by the Bank. Net Interest Margin increased during the quarter to 4.32% from 4.20% in the second quarter of 2018 due to lower levels of liquid assets maintained combined with higher loan yields, and a larger securities portfolio. The Bank’s Cost of Funds remained essentially flat from the second quarter.
  • Operating Expenses decreased by 3.4% over the second quarter of 2018. This decrease was largely due to a reduction in Professional and Legal Expense due to some one-time expenses that were incurred in the second quarter. In addition, the Loss Reserve for Unfunded Loans was decreased by $113 thousand, booked as a contra expense. This decrease was due primarily to a decrease in unfunded construction loans. The Bank’s efficiency ratio improved from 59% in the second quarter of 2018 to 53% in the third quarter of 2018.
  • Year-over-year revenue growth is 21% while year-over-year expense growth is 11%.
  • Credit Quality remains stable and strong with a Classified to Capital Ratio of 2.6% at September 30, 2018. The Loan Loss Provision Expense for the third quarter was $98 thousand due to growth in the loan portfolio. The Bank has one classified relationship and thirteen criticized relationships. Balances on Classified and Criticized Loans increased by $1.2 million during the quarter. Total Criticized and Classified Loans represent 3% of Loan Commitments and 4% of Loans Outstanding at September 30, 2018. The Bank has no Non-Performing Loans.
  • Book Value per Share increased to $13.59 per share at September 30, 2018 from $13.06 per share at June 30, 2018 and $12.15 per share at September 30, 2017.

“Presidio Bank is honored to be nominated as one of three finalists for the San Francisco Chamber of Commerce 2018 Excellence in Business Award,” said Presidio Bank Chairman and Founder, Jim Woolwine. “In addition, the Bank was once again recognized by the San Francisco Business Times as one of the Bay Area’s top corporate philanthropists.”

 

3rd Quarter 2018 Financial Results

(Dollars in thousands, except per share amounts, unaudited)

 

Condensed Balance Sheet

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9/30/2018
 
 
 
6/30/2018
 
 
Change
 
 
 
9/30/2017
 
 
Change
 
12/31/2017
 
 
Change
 
 
 
 
 
 
 
 
 
 
Cash and due from banks
9,041
8,842
2.3%
10,677
-15.3%
7,613
18.8%
Interest bearing due from banks
 
78,598
 
 
 
130,412
-39.7%
 
126,277
-37.8%
 
129,952
-39.5%
Total cash and equivalents
87,639
139,254
-37.1%
136,954
-36.0%
137,565
-36.3%
Investment securities
59,282
41,326
43.4%
12,801
363.1%
12,313
381.5%
Loans, net of fees
668,934
653,226
2.4%
617,269
8.4%
626,282
6.8%
Allowance for loan losses
 
(7,423)
 
 
 
(7,325)
1.3%
 
(7,166)
3.6%
 
(7,166)
3.6%
Net loans
661,511
645,901
2.4%
610,103
8.4%
619,116
6.8%
Premises and equipment, net
2,371
2,464
-3.8%
2,452
-3.3%
2,627
-9.8%
Other assets and interest receivable
 
23,366
 
 
 
24,373
-4.1%
 
23,312
0.2%
 
22,237
5.1%
Total assets
834,169
853,318
-2.2%
785,622
6.2%
793,858
5.1%
 
Non-interest-bearing demand
315,493
298,354
5.7%
304,726
3.5%
295,070
6.9%
Interest bearing transaction
101,712
108,338
-6.1%
98,019
3.8%
120,109
-15.3%
Money market and savings accounts
278,867
302,077
-7.7%
247,857
12.5%
238,706
16.8%
Time deposits
 
38,400
 
 
 
48,698
-21.1%
 
46,871
-18.1%
 
50,269
-23.6%
Total deposits
734,472
757,467
-3.0%
697,473
5.3%
704,154
4.3%
Borrowings
9,928
9,961
-0.3%
10,346
-4.0%
10,174
-2.4%
Other liabilities
 
5,014
 
 
 
5,152
-2.7%
 
4,001
25.3%
 
4,767
5.2%
Total liabilities
749,414
772,580
-3.0%
711,820
5.3%
719,095
4.2%
 
Common stock
67,783
66,995
1.2%
65,585
3.4%
65,960
2.8%
Retained earnings
17,401
13,908
25.1%
8,252
110.9%
8,854
96.5%
Other comprehensive income
 
(429)
 
 
 
(165)
160.3%
 
(35)
1131.9%
 
(51)
733.6%
Total shareholder’s equity
 
84,755
 
 
 
80,738
5.0%
 
73,802
14.8%
 
74,763
13.4%
Total liabilities and equity
 
834,169
 
 
 
853,318
-2.2%
 
785,622
6.2%
 
793,858
5.1%
 
Book value per share
Book value per share
$
13.59
$
13.06
$
12.15
$
12.29
Total shares outstanding EOP
6,238
6,184
6,074
6,084
 
Capital Ratios
Tier 1 leverage ratio
9.9%
9.8%
9.9%
9.7%
Tier 1 risk-based capital ratio
10.0%
9.9%
9.8%
9.8%
Tangible common risk-based ratio
10.0%
9.9%
9.8%
9.8%
Total risk-based capital ratio
12.2%
12.1%
12.2%
12.1%
 
 

Condensed Statement of Income

(Dollars in thousands, except per share amounts, unaudited)

 
 
 
 
 
For the Three Months Ended
For the Nine Months Ended
 
9/30/2018
 
 
 
6/30/2018
 
 

Change
Fav./
(Unfav.)

 
 
 
9/30/2017
 
 

Change
Fav./
(Unfav.)

 
9/30/2018
 
 
 
9/30/2017
 
 

Change
Fav./
(Unfav.)

 
 
 
 
 
 
 
 
 
 
 
 
Interest income
9,866
9,042
9.1%
8,362
18.0%
27,478
22,563
21.8%
Interest expense
 
752
 
 
 
707
(6.4%)
 
472
(59.4%)
 
1,946
 
 
 
1,336
(45.6%)
Net interest income
9,114
8,335
9.3%
7,890
15.5%
25,532
21,227
20.3%
Provision for loan loss
 
98
 
 
 
-
NM
 
100
2.2%
 
257
 
 
 
298
13.7%
Net interest income after provision
9,016
8,335
8.2%
7,790
15.7%
25,275
20,929
20.8%
 
Other income
279
309
(9.7%)
268
4.1%
907
660
37.3%
 
Compensation and benefit expenses
3,301
3,254
(1.4%)
3,036
(8.7%)
9,838
8,711
(12.9%)
Occupancy and equipment expenses
625
602
(3.9%)
628
0.4%
1,844
1,665
(10.7%)
Data processing
388
400
3.1%
346
(12.2%)
1,173
977
(20.0%)
Professional and legal
145
278
48.0%
77
(89.0%)
570
419
(36.1%)
Other operating expenses
 
473
 
 
 
571
17.2%
 
533
11.2%
 
1,818
 
 
 
1,921
5.4%
Total operating expenses
 
4,932
 
 
 
5,105
3.4%
 
4,620
(6.8%)
 
15,243
 
 
 
13,693
(11.3%)
Net income before taxes
4,363
3,539
23.3%
3,438
26.9%
10,939
7,896
38.5%
Income taxes
 
870
 
 
 
710
(22.5%)
 
1,358
35.9%
 
2,391
 
 
 
3,021
20.9%
Net income
 
3,493
 
 
 
2,829
23.5%
 
2,080
67.9%
 
8,548
 
 
 
4,875
75.3%
 
Earnings Per Share
Basic earnings per share
$
0.56
$
0.46
21.9%
$
0.33
69.2%
$
1.39
$
0.81
72.7%
Diluted earnings per share
$
0.53
$
0.44
22.9%
$
0.32
68.2%
$
1.31
$
0.77
70.4%
Average shares outstanding
6,132
6,053
6,001
6,070
5,968
Average diluted shares
6,454
6,419
6,277
6,424
6,232
 
Performance Ratios
Return on average assets
1.60%
1.38%
1.10%
1.37%
0.90%
Return on average common equity
16.64%
14.31%
11.31%
14.27%
9.16%
Net interest margin
4.32%
4.20%
4.34%
4.27%
4.03%
Cost of funds
0.39%
0.38%
0.28%
0.35%
0.28%
Efficiency ratio
52.5%
59.1%
57.0%
57.9%
63.1%
 
Average Balances
Total assets
864,605
822,750
748,229
827,522
724,197
Earning assets
836,348
795,498
721,374
800,248
705,032
Total loans
665,655
642,855
612,493
647,961
589,918
Total deposits
763,647
728,532
660,790
731,975
638,390
Common equity
83,346
79,177
73,108
79,730
70,886
 
 

NM = Not Meaningful

 

Condensed Balance Sheet (5 Quarter Data)

(Dollars in thousands, except per share amounts, unaudited)

 
 
 
9/30/2018
 
 
 
6/30/2018
 
 
 
3/31/2018
 
 
 
12/31/2017
 
 
 
9/30/2017
 
 
 
 
 
 
 
 
Cash and due from banks
9,041
8,842
14,682
7,613
10,677
Interest bearing due from banks
 
78,598
 
 
 
130,412
 
 
 
154,434
 
 
 
129,952
 
 
 
126,277
Total cash and equivalents
87,639
139,254
169,116
137,565
136,954
Investment securities
59,282
41,326
11,810
12,313
12,801
Loans, net of fees
668,934
653,226
649,994
626,282
617,269
Allowance for loan losses
 
(7,423)
 
 
 
(7,325)
 
 
 
(7,325)
 
 
 
(7,166)
 
 
 
(7,166)
Net loans
661,511
645,901
642,669
619,116
610,103
Premises and equipment, net
2,371
2,464
2,537
2,627
2,452
Other assets and interest receivable
 
23,366
 
 
 
24,373
 
 
 
23,796
 
 
 
22,237
 
 
 
23,312
Total assets
834,169
853,318
849,928
793,858
785,622
 
Non-interest-bearing demand
315,493
298,354
337,201
295,070
304,726
Interest bearing transaction
101,712
108,338
108,399
120,109
98,019
Money market and savings accounts
278,867
302,077
262,503
238,706
247,857
Time deposits
 
38,400
 
 
 
48,698
 
 
 
50,082
 
 
 
50,269
 
 
 
46,871
Total deposits
734,472
757,467
758,185
704,154
697,473
Borrowings
9,928
9,961
10,059
10,174
10,346
Other liabilities
 
5,014
 
 
 
5,152
 
 
 
4,466
 
 
 
4,767
 
 
 
4,001
Total liabilities
749,414
772,580
772,710
719,095
711,820
 
Common stock
67,783
66,995
66,241
65,960
65,585
Retained earnings
17,401
13,908
11,079
8,854
8,252
Other comprehensive income
 
(429)
 
 
 
(165)
 
 
 
(102)
 
 
 
(51)
 
 
 
(35)
Total shareholder’s equity
 
84,755
 
 
 
80,738
 
 
 
77,218
 
 
 
74,763
 
 
 
73,802
Total liabilities and equity
 
834,169
 
 
 
853,318
 
 
 
849,928
 
 
 
793,858
 
 
 
785,622
 
Book value per share
Book value per share
$
13.59
$
13.06
$
12.68
$
12.29
$
12.15
Total shares outstanding EOP
6,238
6,184
6,090
6,084
6,074
 
Capital Ratios
Tier 1 leverage ratio
9.9%
9.8%
9.7%
9.7%
9.9%
Common equity tier 1 capital ratio
10.0%
9.9%
9.5%
9.8%
9.8%
Tier 1 risk-based capital ratio
10.0%
9.9%
9.5%
9.8%
9.8%
Total risk-based capital ratio
12.2%
12.1%
11.7%
12.1%
12.2%
 
 

Condensed Statement of Income (5 Quarter Data)

(Dollars in thousands, except per share amounts, unaudited)

 
 
For the Three Months Ended
 
9/30/2018
 
 
 
6/30/2018
 
 
 
3/31/2018
 
 
 
12/31/2017
 
 
 
9/30/2017
 
 
 
 
 
 
 
 
Interest income
9,866
9,042
8,570
8,236
8,362
Interest expense
 
752
 
 
 
707
 
 
 
487
 
 
 
483
 
 
 
472
Net interest income
9,114
8,335
8,083
7,753
7,890
Provision for loan loss
 
98
 
 
 
-
 
 
 
159
 
 
 
-
 
 
 
100
Net interest income after provision
9,016
8,335
7,924
7,753
7,790
 
Other income
279
309
320
287
268
 
Compensation and benefit expenses
3,301
3,254
3,283
2,814
3,036
Occupancy and equipment expenses
625
602
616
617
628
Data processing
388
400
385
388
346
Professional and legal
145
278
147
155
77
Other operating expenses
 
473
 
 
 
571
 
 
 
777
 
 
 
627
 
 
 
533
Total operating expenses
 
4,932
 
 
 
5,105
 
 
 
5,208
 
 
 
4,601
 
 
 
4,620
Net income before taxes
4,363
3,539
3,036
3,439
3,438
Income taxes
 
870
 
 
 
710
 
 
 
811
 
 
 
2,838
 
 
 
1,358
Net income
 
3,493
 
 
 
2,829
 
 
 
2,225
 
 
 
601
 
 
 
2,080
 
Earnings Per Share
Basic earnings per share
$
0.56
$
0.46
$
0.36
$
0.10
$
0.33
Diluted earnings per share
$
0.53
$
0.44
$
0.34
$
0.09
$
0.32
Average shares outstanding
6,132
6,053
6,025
6,009
6,001
Average diluted shares
6,454
6,419
6,398
6,328
6,277
 
Performance Ratios
Return on average assets
1.60%
1.38%
1.14%
0.32%
1.10%
Return on average common equity
16.64%
14.31%
11.78%
3.25%
11.31%
Net interest margin
4.32%
4.20%
4.27%
4.11%
4.34%
Cost of funds
0.39%
0.38%
0.28%
0.28%
0.28%
Efficiency ratio
52.5%
59.1%
62.1%
57.4%
57.0%
 
Average Balances
Total assets
864,605
822,750
794,442
774,015
748,229
Earning assets
836,348
795,498
768,150
747,679
721,374
Total loans
665,655
642,855
635,039
608,584
612,493
Total deposits
763,647
728,532
703,081
684,233
660,790
Common equity
83,346
79,177
76,591
75,531
73,108
 
 

Loans (5 Quarter Data)

(Dollars in Thousands, unaudited)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9/30/2018
 
 
6/30/2018
 
 
3/31/2018
 
 
12/31/2017
 
 
9/30/2017
Commercial real estate
304,123
 
 
303,444
 
 
283,238
 
 
271,346
 
 
268,357
Land and construction
55,185
53,771
54,088
44,714
39,599
Commercial
177,747
180,783
201,094
197,748
194,884
Personal
22,505
13,709
17,172
16,295
21,292
Residential
36,552
31,011
33,114
34,174
34,389
Multifamily
73,839
71,505
62,325
63,024
59,764
Deferred loan fees
(1,017)
 
 
(997)
 
 
(1,037)
 
 
(1,019)
 
 
(1,016)
Loans
668,934
653,226
649,994
626,282
617,269
Allowance for loan losses
(7,423)
 
 
(7,325)
 
 
(7,325)
 
 
(7,166)
 
 
(7,166)
Net loans
661,511
645,901
642,669
619,116
610,103
 
 

Non-Performing Assets (5 Quarter Data)

(Dollars in Thousands, unaudited)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
9/30/2018
 
 
6/30/2018
 
 
3/31/2018
 
 
12/31/2017
 
 
9/30/2017
Non-Accrual Loans
-
 
 
-
 
 
-
 
 
-
 
 
-
Non-Performing Loans (NPL)
-
-
-
-
-
Other Real Estate Owned
-
-
-
-
-
Non-Performing Assets (NPA)
-
-
-
-
-
90+ Days Delinquent
-
-
-
-
-
NPAs & 90 Day Delinquent
-
-
-
-
-
Quarterly Net Charge-off's
-
-
-
-
(51)
 
NPAs / Assets %
0.00%
0.00%
0.00%
0.00%
0.00%
NPAs & 90 Day / Assets %
0.00%
0.00%
0.00%
0.00%
0.00%
NPAs / Actual Loans and OREO %
0.00%
0.00%
0.00%
0.00%
0.00%
Loan Loss Reserves / Loans (%)
1.11%
1.12%
1.13%
1.14%
1.16%
 
 
 
 
 
 
 
 
 
 
 
 
 

Net Interest Income (Quarterly Data)

(Dollars in Thousands, unaudited)

 
For the Three Months Ended
 
9/30/2018

 

6/30/2018

 
 
Interest
 
 
Interest
Average
Income /
Average
Average
Income/
Average
Balance
Expense
Rate
Balance
Expense
Rate
Assets:
Interest-bearing deposits
$
116,875
$
577
1.96
%
$
135,803
$
569
1.68
%
Federal Reserve and Federal Home Loan Bank stock
4,867
79
6.47
4,806
76
6.35
Investment Securities
48,951
363
2.94
12,034
78
2.59
Loans: (2)
Commercial
182,772
2,591
5.62
190,167
2,610
5.51
Land and Construction
53,000
856
6.40
52,828
816
6.20
Commercial Real Estate
305,632
3,854
5.00
288,246
3,546
4.93
Residential
32,565
471
5.74
31,297
426
5.46
Multifamily
74,251
872
4.66
67,247
776
4.63
Personal
17,435
203
4.63
13,070
 
145
 
4.47
Total Loans
665,655
8,847
5.27
642,855
 
8,319
 
5.19
Total Earning Assets
836,348
9,866
4.68
795,498
9,042
 
4.56
Allowance for loan losses
(7,390)
(7,325)
Cash and cash equivalents
10,156
9,295
Other assets
25,491
25,282
 
Total Assets
$
864,605
$
822,750
 
 
Liabilities:
Interest-bearing deposits:
Interest-bearing NOW deposits
$
107,491
$
64
0.24
%
$
112,088
$
67
0.24
%
Money market deposits
291,017
364
0.50
258,372
306
0.47
Savings deposits
3,892
3
0.25
3,846
2
0.25
Certificates and other time deposits
43,674
110
1.00
49,729
 
121
 
0.97
Total Interest-bearing Deposits
446,074
541
0.48
424,035
496
0.47
Borrowings
9,952
211
8.41
10,059
 
211
 
8.41
Total Interest-bearing Liabilities
456,026
752
0.65
434,094
707
0.65
Noninterest-bearing deposits
317,573
304,497
Other liabilities
7,660
4,982
 
Total Liabilities
781,259
743,573
Stockholders' Equity
83,346
79,177
 
Total Liabilities and Stockholders' Equity
$
864,605
$
822,750
 
Net Interest Income
$
9,114
$
8,335
Net Interest Margin
4.32
%
4.20
%
Cost of Funds
0.39
%
0.38
%
Cost of Deposits
0.28
%
0.27
%
 
 
 

Net Interest Income (Annual Data)

(Dollars in Thousands, unaudited)

 
For the Nine Months Ended
 
9/30/2018
 
 
 
9/30/2017
 
 
Interest
 
 
 
 
Interest
 
 
Average
Income /
Average
Average
Income/
Average
Balance
Expense
Rate
Balance
Expense
Rate
Assets:
Interest-bearing deposits
$
124,568
$
1,648
1.77
%
$
102,188
$
807
1.06
%
Federal Reserve and Federal Home Loan Bank stock
4,777
232
6.50
4,459
225
6.75
Investment Securities
22,942
472
2.75
8,467
96
1.52
Loans: (2)
Commercial
190,699
7,779
5.45
178,945
6,910
5.16
Land and Construction
50,566
2,444
6.46
21,234
992
6.25
Commercial Real Estate
290,905
10,716
4.93
270,284
9,505
4.70
Residential
32,151
1,309
5.45
30,980
1,086
4.69
Multifamily
68,113
2,356
4.62
60,991
2,083
4.57
Personal
15,527
522
4.49
27,484
859
4.18
Total Loans
647,961
25,126
5.18
589,918
21,435
4.86
Total Earning Assets
800,248
27,478
4.59
705,032
22,563
4.28
Allowance for loan losses
(7,311)
(6,972)
Cash and cash equivalents
9,667
8,974
Other assets
24,918
17,163
Total Assets
$
827,522
$
724,197
 
Liabilities:
Interest-bearing deposits:
Interest-bearing NOW deposits
$
109,078
$
172
0.21
%
$
102,941
$
142
0.18
%
Money market deposits
262,286
808
0.41
239,093
372
0.21
Savings deposits
3,850
6
0.22
4,620
3
0.09
Certificates and other time deposits
47,854
327
0.91
46,965
186
0.53
Total Interest-bearing Deposits
423,068
1,313
0.41
393,619
703
0.24
Borrowings
10,033
633
8.44
10,033
633
8.44
Total Interest-bearing Liabilities
433,101
1,946
0.60
403,652
1,336
0.44
Noninterest-bearing deposits
308,907
244,771
Other liabilities
5,784
4,888
Total Liabilities
747,792
653,311
Stockholders' Equity
79,730
70,886
Total Liabilities and Stockholders' Equity
$
827,522
$
724,197
Net Interest Income
$
25,532
$
21,227
Net Interest Margin
4.27
%
4.03
%
Cost of Funds
0.35
%
0.28
%
Cost of Deposits
0.24
%
0.15
%
 

About Presidio Bank

Presidio Bank provides business banking services to small and mid-size businesses, including professional service firms, real estate developers and investors, and not-for-profit organizations, and to their owners who desire personalized, responsive service with access to local decision makers. Presidio Bank offers clients the resources of a large bank combined with the personalized services of a neighborhood bank. Presidio Bank is headquartered in San Francisco, California and currently operates five banking offices in San Francisco, Walnut Creek, San Rafael, San Mateo and Palo Alto. More information is available at www.presidiobank.com. Presidio Bank is a member of FDIC and an Equal Housing Lender.

This press release contains certain forward-looking statements that involve risk and uncertainties. These statements are identifiable by use of the words “believe,” “expect,” “intend,” “anticipate,” “plan,” “estimate,” “project,” or similar expressions. The risks and uncertainties that may affect the operations, performance, development, growth projections and results of Presidio Bank’s business include, but are not limited to, the growth of the economy, interest rate movements, timely development by Presidio Bank of technology enhancements for its products and operating systems, the impact of competitive products, services and pricing, client-based requirements, Congressional legislation, changes in regulatory or generally accepted accounting principles and similar matters. Readers are cautioned not to place undue reliance on forward-looking statements which are subject to influence by the named risk factors and unanticipated future events. Actual results, accordingly, may differ materially from management expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181022005213/en/

Presidio Bank
Steve Heitel, 415-229-8428
President & CEO
or
Ed Murphy, 415-229-8403
EVP/CFO
or
MEDIA:
Annette Gelinas, 925-287-7881 (o) / 925-787-2956 (c)
SVP/Marketing Director
agelinas@presidiobank.com

Copyright Business Wire 2018
Stock Information
Company Name: Presidio Bank (San Francisco)
Stock Symbol: PDOB
Market: OTC
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