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Overview / Commentary
601 South Figueroa Street
Los Angeles, CA 90017

Preferred Bank (CA) is headquartered in Los Angeles and is the 36th largest bank in the state of California. It is also the 391st largest bank in the nation. It was established in 1991 and as of March of 2014, it had grown to 156 employees at 11 locations. Preferred Bank (CA) has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Preferred Bank (CA) had $20.4 million in non-current loans and owned real-estate with $234.32 million in equity and loan loss allowances on hand to cover it. This gives Preferred Bank (CA) a Texas Ratio of 8.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Preferred Bank (CA) decreased dramatically from 27.48% as of March 31, 2013 to 8.71% as of March 31, 2014, resulting in a positive change of 68.31%.This indicates that the balance sheet and financial strength for Preferred Bank (CA) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Preferred Bank (CA) has increased its total deposits by $178.14 million, resulting in 12.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Preferred Bank (CA) has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Preferred Bank (CA) has $1.81 billion in assets with $234.32 million in equity, resulting in a capitalization level of 12.98%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33539
Year Established1991
Employees156
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.81 billion
Loans$1.35 billion
Deposits$1.56 billion
Equity Capital$214.54 million
Loan Loss Allowance$19.78 million
Unbacked Noncurrent Loans$11.50 million
Real Estate Owned$8.90 million
Historic Data - March 2013
Assets$1.59 billion
Equity Capital$191.53 million
Loan Loss Allowance$20.23 million
Unbacked Noncurrent Loans$11.50 million
Real Estate Owned$19.87 million
Profit Margin - Quarterly
Net Interest Margin3.86%
Return on Assets1.15%
Return on Equity9.78%
Interest Income$18.75 million
Rates

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Locations

Preferred Bank (CA) has 11 locations. Click to view all Preferred Bank (CA) locations.