Call reports 2004
PREFERRED BANK — 2004
What PREFERRED BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 42,727,000 | 41,624,000 | 39,651,000 | 37,965,000 |
| Total loans | 20,323,000 | 20,835,000 | 21,457,000 | 21,408,000 |
| Allowance for loan losses | 299,000 | 299,000 | 300,000 | 300,000 |
| Securities available for sale | 12,912,000 | 14,848,000 | 13,527,000 | 12,950,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,221,000 | 36,348,000 | 34,101,000 | 33,887,000 |
| Interest-bearing deposits | 32,290,000 | 32,158,000 | 30,051,000 | 29,062,000 |
| Noninterest-bearing deposits | 4,931,000 | 4,190,000 | 4,050,000 | 4,825,000 |
| Equity capital | 3,925,000 | 3,767,000 | 4,003,000 | 3,988,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 440,000 | 890,000 | 1,335,000 | 1,790,000 |
| Interest expense | 131,000 | 261,000 | 386,000 | 516,000 |
| Net interest income | 309,000 | 629,000 | 949,000 | 1,274,000 |
| Noninterest income | 69,000 | 140,000 | 220,000 | 290,000 |
| Noninterest expense | 276,000 | 566,000 | 866,000 | 1,262,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 273,000 | 374,000 | 471,000 | 482,000 |
| Income tax | 90,000 | 121,000 | 152,000 | 120,000 |
| Net income | 183,000 | 253,000 | 319,000 | 362,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,832,000 | 3,901,000 | 3,967,000 | 4,010,000 |
| Total capital | 4,131,000 | 4,200,000 | 4,267,000 | 4,310,000 |
| Risk-weighted assets | 24,206,000 | 24,541,000 | 24,425,000 | 24,030,000 |