Call reports 2002
PREFERRED BANK — 2002
What PREFERRED BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 40,574,000 | 40,571,000 | 39,913,000 | 41,122,000 |
| Total loans | 19,714,000 | 20,193,000 | 21,005,000 | 22,220,000 |
| Allowance for loan losses | 473,000 | 439,000 | 382,000 | 435,000 |
| Securities available for sale | 13,131,000 | 12,818,000 | 12,718,000 | 12,994,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,053,000 | 34,128,000 | 32,943,000 | 34,671,000 |
| Interest-bearing deposits | 30,305,000 | 30,189,000 | 29,300,000 | 30,454,000 |
| Noninterest-bearing deposits | 3,748,000 | 3,939,000 | 3,643,000 | 4,217,000 |
| Equity capital | 3,167,000 | 3,324,000 | 3,482,000 | 3,505,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 569,000 | 1,099,000 | 1,623,000 | 2,150,000 |
| Interest expense | 242,000 | 482,000 | 708,000 | 931,000 |
| Net interest income | 327,000 | 617,000 | 915,000 | 1,219,000 |
| Noninterest income | 78,000 | 165,000 | 250,000 | 329,000 |
| Noninterest expense | 281,000 | 561,000 | 854,000 | 1,200,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 124,000 | 221,000 | 339,000 | 358,000 |
| Income tax | 39,000 | 69,000 | 106,000 | 83,000 |
| Net income | 85,000 | 152,000 | 233,000 | 275,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,038,000 | 3,106,000 | 3,186,000 | 3,228,000 |
| Total capital | 3,329,000 | 3,400,000 | 3,485,000 | 3,539,000 |
| Risk-weighted assets | 23,113,000 | 23,399,000 | 23,849,000 | 24,731,000 |