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 Preferred Bank
Preferred Bank
| RSSD ID 1918344 | CERTIFICATE 33539 | ABA NUMBER 122042205 |
| 601 S Figueroa St |
Quarter Ended : |
2025-03-31 |
| Los Angeles, California, 90017 |
Updated : |
2025-04-30 |
| www.preferredbank.com |
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| Institution Profile |
| Year Opened : |
1991 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
|
| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
16 |
Number of Employees : |
323 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
|
Income Statement
(USD, in thousands, ytd) |
| Total Assets | 7,100,798 |
|
Total Interest Income | 114,528 |
| Total Liabilities | 6,322,194 |
|
Total NonInterest Income | 2,657 |
| Total Bank Equity Capital | 778,604 |
|
Total Interest Expense | 51,870 |
| Total Deposits | 6,078,374 |
|
Total NonInterest Expense | 22,028 |
| Net Loans & Leases | 5,572,488 |
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Net Income | 30,024 |
| Loan Loss Allowance | 72,274 |
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Net Charge Offs | (97) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 1,021,680 |
|
Total loans | 5,567,333 |
| Total assets for the leverage ratio | 6,941,269 |
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Loans secured by real estate: | 4,204,081 |
| Tier 1 Leverage Ratio | 11.52 |
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Commercial and industrial loans | 1,342,842 |
| Tier 1 Capital Ratio | 11.86 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 15.15 |
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Loans to individuals - Other | 0 |
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:· Preferred Bank
