Call reports 2024
PREFERRED BANK — 2024
What PREFERRED BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 68,625,000 | 68,751,000 | 70,146,000 | 67,916,000 |
| Total loans | 46,819,000 | 45,757,000 | 45,414,000 | 43,207,000 |
| Allowance for loan losses | 319,000 | 315,000 | 242,000 | 284,000 |
| Securities available for sale | 10,866,000 | 11,116,000 | 11,570,000 | 11,928,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,725,000 | 61,694,000 | 62,716,000 | 61,664,000 |
| Interest-bearing deposits | 51,026,000 | 51,353,000 | 52,644,000 | 51,056,000 |
| Noninterest-bearing deposits | 10,699,000 | 10,341,000 | 10,072,000 | 10,608,000 |
| Equity capital | 5,038,000 | 5,177,000 | 5,505,000 | 5,129,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 835,000 | 1,700,000 | 2,578,000 | 3,461,000 |
| Interest expense | 326,000 | 661,000 | 1,004,000 | 1,371,000 |
| Net interest income | 509,000 | 1,039,000 | 1,574,000 | 2,090,000 |
| Noninterest income | 37,000 | 102,000 | 149,000 | 252,000 |
| Noninterest expense | 491,000 | 1,032,000 | 1,602,000 | 2,114,000 |
| Provision for loan losses | 4,000 | 4,000 | -56,000 | -14,000 |
| Pretax income | 51,000 | 105,000 | 148,000 | 244,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 51,000 | 105,000 | 148,000 | 244,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,907,000 | 5,964,000 | 5,998,000 | 5,974,000 |
| Total capital | 6,226,000 | 6,278,000 | 6,290,000 | 6,277,000 |
| Risk-weighted assets | 49,752,000 | 49,335,000 | 48,438,000 | 47,009,000 |