secwatch.observer — SEC 8-K summary
======================================

Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001493152-23-038342
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern California Bancorp Reports Q3 2023 Net Income of $6.6M, EPS $0.35
--------------------------------------------------------------------------

- Net income of $6.6 million for Q3 2023, compared to $6.9 million in Q3 2022.
- Net interest margin decreased to 4.23% from 4.36% in the prior quarter.
- Nonperforming assets ratio increased to 0.62% due to a $14.3M multifamily loan placed on non-accrual.
- Tangible book value per share rose to $13.08 from $12.82 in the prior quarter.
- Total deposits remained steady at $1.98 billion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000149315223038342/0001493152-23-038342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000149315223038342/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038342

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer