Call reports 2024
PREFERRED BANK — 2024
What PREFERRED BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 138,083,000 | 136,259,000 | 138,695,000 | 132,411,000 |
| Total loans | 49,770,000 | 49,778,000 | 51,736,000 | 52,421,000 |
| Allowance for loan losses | 446,000 | 450,000 | 457,000 | 459,000 |
| Securities available for sale | 67,113,000 | 65,909,000 | 68,232,000 | 65,430,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,211,000 | 128,466,000 | 125,871,000 | 121,607,000 |
| Interest-bearing deposits | 90,290,000 | 87,486,000 | 83,127,000 | 82,882,000 |
| Noninterest-bearing deposits | 39,921,000 | 40,980,000 | 42,744,000 | 38,725,000 |
| Equity capital | 4,168,000 | 4,093,000 | 5,840,000 | 4,603,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,333,000 | 2,682,000 | 4,064,000 | 5,457,000 |
| Interest expense | 354,000 | 706,000 | 1,055,000 | 1,405,000 |
| Net interest income | 979,000 | 1,976,000 | 3,009,000 | 4,052,000 |
| Noninterest income | 128,000 | 254,000 | 388,000 | 507,000 |
| Noninterest expense | 765,000 | 1,594,000 | 2,394,000 | 3,292,000 |
| Provision for loan losses | -1,000 | 16,000 | 25,000 | 31,000 |
| Pretax income | 339,000 | 623,000 | 986,000 | 1,238,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 339,000 | 623,000 | 986,000 | 1,238,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,008,000 | 10,943,000 | 11,000,000 | 10,951,000 |
| Total capital | 11,510,000 | 11,441,000 | 11,500,000 | 11,459,000 |
| Risk-weighted assets | 52,201,000 | 52,069,000 | 59,949,000 | 53,596,000 |