Call reports 2021
PREFERRED BANK — 2021
What PREFERRED BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 70,446,000 | 69,404,000 | 66,129,000 | 67,353,000 |
| Total loans | 37,717,000 | 37,841,000 | 39,559,000 | 37,178,000 |
| Allowance for loan losses | 329,000 | 340,000 | 336,000 | 259,000 |
| Securities available for sale | 10,220,000 | 10,090,000 | 9,771,000 | 9,106,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,503,000 | 63,460,000 | 60,173,000 | 61,418,000 |
| Interest-bearing deposits | 54,674,000 | 54,222,000 | 50,140,000 | 50,379,000 |
| Noninterest-bearing deposits | 9,829,000 | 9,238,000 | 10,033,000 | 11,039,000 |
| Equity capital | 5,927,000 | 5,929,000 | 5,945,000 | 5,865,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 497,000 | 1,095,000 | 1,591,000 | 2,077,000 |
| Interest expense | 127,000 | 240,000 | 343,000 | 425,000 |
| Net interest income | 370,000 | 855,000 | 1,248,000 | 1,652,000 |
| Noninterest income | 44,000 | 91,000 | 141,000 | 215,000 |
| Noninterest expense | 431,000 | 884,000 | 1,335,000 | 1,728,000 |
| Provision for loan losses | -35,000 | -29,000 | -35,000 | -31,000 |
| Pretax income | 18,000 | 91,000 | 89,000 | 170,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 18,000 | 91,000 | 89,000 | 170,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,707,000 | 5,779,000 | 5,777,000 | 5,778,000 |
| Total capital | 6,036,000 | 6,119,000 | 6,113,000 | 6,037,000 |
| Risk-weighted assets | 48,977,000 | 42,075,000 | 42,829,000 | 41,051,000 |