Call reports 2010
PREFERRED BANK — 2010
What PREFERRED BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 46,542,000 | 46,604,000 | 70,055,000 | 70,800,000 |
| Total loans | 20,601,000 | 26,274,000 | 40,973,000 | 39,419,000 |
| Allowance for loan losses | 340,000 | 311,000 | 601,000 | 539,000 |
| Securities available for sale | 17,222,000 | 15,468,000 | 19,535,000 | 23,403,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,029,000 | 40,850,000 | 63,239,000 | 63,308,000 |
| Interest-bearing deposits | 35,482,000 | 35,475,000 | 53,202,000 | 52,669,000 |
| Noninterest-bearing deposits | 5,547,000 | 5,375,000 | 10,037,000 | 10,639,000 |
| Equity capital | 5,449,000 | 5,688,000 | 6,671,000 | 6,627,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 493,000 | 1,029,000 | 1,779,000 | 2,593,000 |
| Interest expense | 106,000 | 206,000 | 353,000 | 501,000 |
| Net interest income | 387,000 | 823,000 | 1,426,000 | 2,092,000 |
| Noninterest income | 91,000 | 175,000 | 288,000 | 747,000 |
| Noninterest expense | 321,000 | 651,000 | 1,178,000 | 1,773,000 |
| Provision for loan losses | 1,000 | 3,000 | 296,000 | 297,000 |
| Pretax income | 156,000 | 345,000 | 349,000 | 878,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 156,000 | 345,000 | 349,000 | 878,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,914,000 | 5,034,000 | 5,955,000 | 6,308,000 |
| Total capital | 5,204,000 | 5,345,000 | 6,485,000 | 6,829,000 |
| Risk-weighted assets | 23,175,000 | 28,114,000 | 42,331,000 | 41,646,000 |