Call reports 2020
PREFERRED BANK — 2020
What PREFERRED BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 60,323,000 | 64,163,000 | 66,121,000 | 68,434,000 |
| Total loans | 41,486,000 | 41,754,000 | 39,629,000 | 36,940,000 |
| Allowance for loan losses | 545,000 | 529,000 | 535,000 | 362,000 |
| Securities available for sale | 10,597,000 | 10,692,000 | 10,288,000 | 9,550,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,643,000 | 54,205,000 | 56,124,000 | 58,439,000 |
| Interest-bearing deposits | 47,233,000 | 46,673,000 | 48,840,000 | 50,696,000 |
| Noninterest-bearing deposits | 7,410,000 | 7,532,000 | 7,284,000 | 7,743,000 |
| Equity capital | 5,659,000 | 5,942,000 | 5,981,000 | 5,967,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 615,000 | 1,239,000 | 1,827,000 | 2,398,000 |
| Interest expense | 188,000 | 333,000 | 471,000 | 602,000 |
| Net interest income | 427,000 | 906,000 | 1,356,000 | 1,796,000 |
| Noninterest income | 44,000 | 92,000 | 137,000 | 187,000 |
| Noninterest expense | 442,000 | 885,000 | 1,351,000 | 1,951,000 |
| Provision for loan losses | 16,000 | 33,000 | 41,000 | -134,000 |
| Pretax income | 13,000 | 80,000 | 101,000 | 166,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 13,000 | 80,000 | 101,000 | 166,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,628,000 | 5,697,000 | 5,715,000 | 5,696,000 |
| Total capital | 6,173,000 | — | — | 6,058,000 |
| Risk-weighted assets | 44,996,000 | — | — | 41,802,000 |