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 | 53,836,000 | 53,503,000 | 51,712,000 | 51,601,000 |
| Total loans | 36,236,000 | 37,659,000 | 37,063,000 | 36,254,000 |
| Allowance for loan losses | 745,000 | 755,000 | 788,000 | 814,000 |
| Securities available for sale | 11,002,000 | 10,625,000 | 10,049,000 | 9,870,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,509,000 | 48,080,000 | 46,217,000 | 46,112,000 |
| Interest-bearing deposits | 44,302,000 | 43,763,000 | 42,745,000 | 42,315,000 |
| Noninterest-bearing deposits | 4,207,000 | 4,317,000 | 3,472,000 | 3,797,000 |
| Equity capital | 5,257,000 | 5,347,000 | 5,428,000 | 5,449,000 |
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 | 523,000 | 1,049,000 | 1,586,000 | 2,103,000 |
| Interest expense | 87,000 | 181,000 | 274,000 | 369,000 |
| Net interest income | 436,000 | 868,000 | 1,312,000 | 1,734,000 |
| Noninterest income | 38,000 | 78,000 | 114,000 | 149,000 |
| Noninterest expense | 350,000 | 716,000 | 1,091,000 | 1,437,000 |
| Provision for loan losses | 33,000 | 69,000 | 102,000 | 136,000 |
| Pretax income | 91,000 | 162,000 | 234,000 | 311,000 |
| Income tax | -2,000 | -4,000 | -6,000 | -97,000 |
| Net income | 93,000 | 166,000 | 240,000 | 408,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,169,000 | 5,244,000 | 5,316,000 | 5,487,000 |
| Total capital | 5,631,000 | 5,732,000 | 5,778,000 | 5,950,000 |
| Risk-weighted assets | 36,723,000 | 38,818,000 | 36,687,000 | 36,762,000 |