PCB — what changed in the latest 10-Q
A section-by-section comparison of PCB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +44 | −26 | ~38 | 76 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~1 | 12 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Nonaccrual loans held-for-investment to allowance for loan losses25.10 %26.62 %25.10 %26.62 %
Nonperforming loans held-for-investment to loans held-for-investment0.30 %0.32 %0.30 %0.32 %
•Net interest income was $27.5 million for the three months ended June 30, 2026 compared with $26.0 million for the three months ended June 30, 2025. Net interest margin was 3.33% for the three months ended June 30, 2026 compared with 3.33% for the three months ended June 30, 2025;
•Gain on sale of loans was $1.2 million for the three months ended June 30, 2026 compared with $1.5 million for the three months ended June 30, 2025;
(2) The yield on municipal bonds has not been computed on a tax-equivalent basis.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Annualized return on average shareholders’ equity10.95 %8.53 %
Annualized return on average tangible common equity13.17 %10.45 %
Weighted-average common shares outstanding, basic14,142,092 14,272,267
Weighted-average common shares outstanding, diluted14,238,226 14,403,769
Nonperforming loans held-for-investment to loans held-for-investment0.28 %0.23 %
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-06
On June 17, 2026, the FOMC maintained the Fed Funds Target Rate at 3.50% to 3.75%. This was the first policy statement release under Chairman Warsh. In the release, the Committee noted recent indicators suggest economic activity has been expanding at a solid pace despite elevated uncertainty. Produc…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
On March 18, 2026, the FOMC maintained the Fed Funds Target Rate at 3.50% to 3.75%. In the accompanying statement, the Committee noted economic activity has been expanding at a solid pace but highlighted that job gains remained low, and unemployment rate has been little changed in recent months. The…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice