Call reports 2003
PREFERRED BANK — 2003
What PREFERRED BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 44,929,000 | 43,579,000 | 43,707,000 | 42,149,000 |
| Total loans | 21,795,000 | 21,924,000 | 22,633,000 | 21,492,000 |
| Allowance for loan losses | 446,000 | 444,000 | 446,000 | 301,000 |
| Securities available for sale | 13,020,000 | 14,893,000 | 15,040,000 | 13,157,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,815,000 | 36,125,000 | 36,022,000 | 34,189,000 |
| Interest-bearing deposits | 33,506,000 | 32,212,000 | 31,928,000 | 29,739,000 |
| Noninterest-bearing deposits | 4,309,000 | 3,913,000 | 4,094,000 | 4,450,000 |
| Equity capital | 3,613,000 | 3,677,000 | 3,602,000 | 3,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 513,000 | 1,013,000 | 1,515,000 | 2,015,000 |
| Interest expense | 182,000 | 353,000 | 508,000 | 653,000 |
| Net interest income | 331,000 | 660,000 | 1,007,000 | 1,362,000 |
| Noninterest income | 77,000 | 44,000 | 126,000 | 180,000 |
| Noninterest expense | 266,000 | 554,000 | 843,000 | 1,227,000 |
| Provision for loan losses | 0 | 0 | 0 | -132,000 |
| Pretax income | 142,000 | 188,000 | 337,000 | 503,000 |
| Income tax | 45,000 | 62,000 | 108,000 | 83,000 |
| Net income | 97,000 | 126,000 | 229,000 | 420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,326,000 | 3,354,000 | 3,457,000 | 3,648,000 |
| Total capital | 3,647,000 | 3,676,000 | 3,786,000 | 3,949,000 |
| Risk-weighted assets | 25,542,000 | 25,649,000 | 26,188,000 | 24,674,000 |