---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-029373"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:45:15.894276+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Southern California Bancorp Q2 net income falls to $190k vs $4.9M Q1; OREO loss $4.8M; merger approved

## Summary
- Q2 net income $190k ($0.01 diluted EPS) vs $4.9M ($0.26) in Q1; $4.8M after-tax OREO charge hurt results.
- Net interest margin improved to 3.94% from 3.80%; loan yield 6.21%, cost of funds up 4bp to 2.21%.
- Shareholders approved merger with California BanCorp; expected to close July 31, 2024.
- Nonperforming assets dropped to $4.7M (0.20% of assets) after sale of $13.1M in OREO.
- Provision for credit losses was $2.9M vs a $331k reversal in Q1, driven by charge-offs and a loan downgrade.

## SEC filing metadata
- accession: 0001493152-24-029373
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000149315224029373/0001493152-24-029373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315224029373/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-029373
- JSON: https://secwatch.observer/filing/0001493152-24-029373.json
- Plain text: https://secwatch.observer/filing/0001493152-24-029373.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.