Call reports 2023
PREFERRED BANK — 2023
What PREFERRED BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 138,730,000 | 141,705,000 | 139,167,000 | 135,554,000 |
| Total loans | 46,826,000 | 48,736,000 | 48,693,000 | 49,596,000 |
| Allowance for loan losses | 427,000 | 400,000 | 408,000 | 449,000 |
| Securities available for sale | 72,125,000 | 70,444,000 | 68,727,000 | 71,311,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,303,000 | 132,042,000 | 130,289,000 | 127,323,000 |
| Interest-bearing deposits | 93,552,000 | 90,675,000 | 88,024,000 | 87,465,000 |
| Noninterest-bearing deposits | 41,751,000 | 41,367,000 | 42,265,000 | 39,858,000 |
| Equity capital | 3,290,000 | 2,485,000 | 1,673,000 | 4,556,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,186,000 | 2,411,000 | 3,708,000 | 5,029,000 |
| Interest expense | 188,000 | 439,000 | 754,000 | 1,054,000 |
| Net interest income | 998,000 | 1,972,000 | 2,954,000 | 3,975,000 |
| Noninterest income | 131,000 | 264,000 | 400,000 | 559,000 |
| Noninterest expense | 725,000 | 1,507,000 | 2,252,000 | 3,110,000 |
| Provision for loan losses | 9,000 | 19,000 | 26,000 | 73,000 |
| Pretax income | 395,000 | 710,000 | 1,076,000 | 1,339,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 395,000 | 710,000 | 1,076,000 | 1,339,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,980,000 | 10,978,000 | 11,030,000 | 11,102,000 |
| Total capital | 11,446,000 | 11,417,000 | 11,477,000 | 11,602,000 |
| Risk-weighted assets | 49,503,000 | 50,526,000 | 50,976,000 | 52,284,000 |