Call reports 2022
PREFERRED BANK — 2022
What PREFERRED BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 66,847,000 | 62,166,000 | 60,504,000 | 62,761,000 |
| Total loans | 36,678,000 | 41,706,000 | 42,066,000 | 41,865,000 |
| Allowance for loan losses | 242,000 | 258,000 | 258,000 | 279,000 |
| Securities available for sale | 9,887,000 | 10,231,000 | 9,594,000 | 9,825,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,261,000 | 56,982,000 | 55,459,000 | 57,663,000 |
| Interest-bearing deposits | 49,011,000 | 45,405,000 | 45,539,000 | 47,133,000 |
| Noninterest-bearing deposits | 12,250,000 | 11,577,000 | 9,920,000 | 10,530,000 |
| Equity capital | 5,523,000 | 5,105,000 | 5,012,000 | 5,046,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 471,000 | 982,000 | 1,545,000 | 2,146,000 |
| Interest expense | 75,000 | 148,000 | 227,000 | 334,000 |
| Net interest income | 396,000 | 834,000 | 1,318,000 | 1,812,000 |
| Noninterest income | 50,000 | 114,000 | 156,000 | 202,000 |
| Noninterest expense | 418,000 | 888,000 | 1,372,000 | 1,831,000 |
| Provision for loan losses | -17,000 | -2,000 | 4,000 | 23,000 |
| Pretax income | 45,000 | 62,000 | 98,000 | 160,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 45,000 | 62,000 | 98,000 | 160,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,818,000 | 5,836,000 | 5,875,000 | 5,838,000 |
| Total capital | 6,060,000 | 6,094,000 | 6,133,000 | — |
| Risk-weighted assets | 41,333,000 | 43,719,000 | 44,612,000 | — |