Call reports 2020
PREFERRED BANK — 2020
What PREFERRED BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 114,454,000 | 123,707,000 | 127,919,000 | 129,191,000 |
| Total loans | 36,432,000 | 38,051,000 | 39,885,000 | 39,348,000 |
| Allowance for loan losses | 425,000 | 413,000 | 415,000 | 418,000 |
| Securities available for sale | 57,434,000 | 64,709,000 | 64,072,000 | 70,620,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 105,573,000 | 112,540,000 | 116,856,000 | 118,279,000 |
| Interest-bearing deposits | 78,390,000 | 79,162,000 | 81,177,000 | 81,910,000 |
| Noninterest-bearing deposits | 27,183,000 | 33,378,000 | 35,679,000 | 36,369,000 |
| Equity capital | 8,795,000 | 10,952,000 | 10,835,000 | 10,782,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 879,000 | 1,702,000 | 2,502,000 | 3,326,000 |
| Interest expense | 114,000 | 195,000 | 272,000 | 347,000 |
| Net interest income | 765,000 | 1,507,000 | 2,230,000 | 2,979,000 |
| Noninterest income | 123,000 | 241,000 | 414,000 | 553,000 |
| Noninterest expense | 665,000 | 1,317,000 | 1,962,000 | 2,660,000 |
| Provision for loan losses | 1,000 | 1,000 | 3,000 | 5,000 |
| Pretax income | 364,000 | 903,000 | 1,310,000 | 1,498,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 364,000 | 903,000 | 1,310,000 | 1,498,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,805,000 | 9,417,000 | 9,481,000 | 9,341,000 |
| Total capital | 9,230,000 | 9,830,000 | 9,896,000 | 9,759,000 |
| Risk-weighted assets | 42,384,000 | 44,732,000 | 43,514,000 | 46,818,000 |