Call reports 2024
PREFERRED BANK — 2024
What PREFERRED BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 6,756,740,000 | 6,847,035,000 | 6,873,162,000 | 6,924,154,000 |
| Total loans | 5,335,999,000 | 5,439,053,000 | 5,581,390,000 | 5,653,595,000 |
| Allowance for loan losses | 79,311,000 | 72,848,000 | 76,051,000 | 71,477,000 |
| Securities available for sale | 333,411,000 | 331,909,000 | 337,363,000 | 348,706,000 |
| Securities held to maturity | 20,904,000 | 20,605,000 | 20,311,000 | 20,021,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,807,301,000 | 5,882,233,000 | 5,873,808,000 | 5,921,062,000 |
| Interest-bearing deposits | 5,075,917,000 | 5,180,531,000 | 5,171,300,000 | 5,195,559,000 |
| Noninterest-bearing deposits | 731,384,000 | 701,702,000 | 702,508,000 | 725,503,000 |
| Equity capital | 699,558,000 | 723,127,000 | 750,117,000 | 763,152,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 126,520,000 | 253,813,000 | 383,238,000 | 509,096,000 |
| Interest expense | 58,020,000 | 119,206,000 | 179,783,000 | 236,468,000 |
| Net interest income | 68,500,000 | 134,607,000 | 203,455,000 | 272,628,000 |
| Noninterest income | 3,065,000 | 6,469,000 | 8,294,000 | 11,930,000 |
| Noninterest expense | 20,028,000 | 39,725,000 | 60,180,000 | 88,425,000 |
| Provision for loan losses | 4,400,000 | 6,900,000 | 10,100,000 | 12,100,000 |
| Pretax income | 47,137,000 | 94,451,000 | 141,469,000 | 184,033,000 |
| Income tax | 13,671,000 | 27,393,000 | 41,028,000 | 53,371,000 |
| Net income | 33,466,000 | 67,058,000 | 100,441,000 | 130,662,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 730,177,000 | 752,391,000 | 772,961,000 | 788,853,000 |
| Total capital | 957,869,000 | 974,780,000 | 998,612,000 | 1,009,989,000 |
| Risk-weighted assets | 6,350,903,000 | 6,528,573,000 | 6,631,538,000 | 6,685,038,000 |
Machine access — free, no API key
Every figure shown here about PREFERRED BANK — 2024 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.