Call reports 2023
PREFERRED BANK — 2023
What PREFERRED BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 63,558,000 | 66,911,000 | 66,000,000 | 66,572,000 |
| Total loans | 42,998,000 | 45,021,000 | 46,938,000 | 45,893,000 |
| Allowance for loan losses | 307,000 | 318,000 | 315,000 | 309,000 |
| Securities available for sale | 10,485,000 | 10,405,000 | 9,989,000 | 10,598,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,676,000 | 59,035,000 | 58,727,000 | 59,599,000 |
| Interest-bearing deposits | 44,500,000 | 48,712,000 | 48,965,000 | 49,211,000 |
| Noninterest-bearing deposits | 11,176,000 | 10,323,000 | 9,762,000 | 10,388,000 |
| Equity capital | 5,068,000 | 5,041,000 | 4,914,000 | 5,086,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 643,000 | 1,333,000 | 2,082,000 | 2,874,000 |
| Interest expense | 128,000 | 343,000 | 643,000 | 964,000 |
| Net interest income | 515,000 | 990,000 | 1,439,000 | 1,910,000 |
| Noninterest income | 38,000 | 90,000 | 159,000 | 196,000 |
| Noninterest expense | 483,000 | 977,000 | 1,437,000 | 1,941,000 |
| Provision for loan losses | 22,000 | 33,000 | 30,000 | 25,000 |
| Pretax income | 48,000 | 70,000 | 131,000 | 140,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 48,000 | 70,000 | 131,000 | 140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,864,000 | 5,895,000 | 5,952,000 | 5,859,000 |
| Total capital | 6,193,000 | 6,234,000 | 6,288,000 | 6,189,000 |
| Risk-weighted assets | 46,072,000 | 52,368,000 | 47,527,000 | 49,060,000 |