Call reports 2016
PREFERRED BANK — 2016
What PREFERRED BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 248,171,000 | 254,014,000 | 244,114,000 | 239,162,000 |
| Total loans | 139,945,000 | 143,998,000 | 146,582,000 | 152,747,000 |
| Allowance for loan losses | 1,714,000 | 1,807,000 | 1,808,000 | 1,816,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 40,206,000 | 37,619,000 | 37,130,000 | 34,533,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 210,398,000 | 215,703,000 | 205,358,000 | 200,012,000 |
| Interest-bearing deposits | 120,334,000 | 116,738,000 | 113,289,000 | 106,598,000 |
| Noninterest-bearing deposits | 90,064,000 | 98,965,000 | 92,069,000 | 93,414,000 |
| Equity capital | 36,642,000 | 37,181,000 | 37,563,000 | 37,943,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,231,000 | 4,467,000 | 6,711,000 | 8,961,000 |
| Interest expense | 119,000 | 244,000 | 375,000 | 502,000 |
| Net interest income | 2,112,000 | 4,223,000 | 6,336,000 | 8,459,000 |
| Noninterest income | 618,000 | 695,000 | 785,000 | 873,000 |
| Noninterest expense | 1,714,000 | 3,457,000 | 5,103,000 | 6,765,000 |
| Provision for loan losses | 0 | -348,000 | -348,000 | -348,000 |
| Pretax income | 1,016,000 | 1,809,000 | 2,366,000 | 2,915,000 |
| Income tax | 330,000 | 584,000 | 759,000 | 927,000 |
| Net income | 686,000 | 1,225,000 | 1,607,000 | 1,988,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,642,000 | 37,181,000 | 37,563,000 | 37,943,000 |
| Total capital | 38,356,000 | 38,988,000 | 39,371,000 | 39,759,000 |
| Risk-weighted assets | 143,696,000 | 146,504,000 | 146,342,000 | 150,963,000 |
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