Preferred Bank (PFBC)

Preferred Bank Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	804.99	910.85	767.53	1,051	759.47	535.65
Investment Securities	395.37	235.11	322.29	305.35	285.54	275.5
Mortgage-Backed Securities	20.31	165.18	189.63	219.54	23.23	25.59
Total Investments	415.68	400.29	511.93	524.89	308.77	301.09
Gross Loans	5,572	5,273	5,075	4,425	4,035	3,725
Allowance for Loan Losses	-76.05	-78.36	-68.47	-59.97	-63.43	-34.83
Other Adjustments to Gross Loans	-10.41	-11.08	-9.94	-6.32	-4.57	-3.03
Net Loans	5,485	5,184	4,996	4,359	3,967	3,687
Property, Plant & Equipment	39.68	31.74	30.72	32.5	27.93	29.34
Loans Held for Sale	0.23	0.36	-	-	-	-
Accrued Interest Receivable	35.56	33.89	23.59	14.65	23.69	14.96
Other Receivables	1.01	2.39	-	-	-	3.37
Other Current Assets	-	0.32	1.73	10.19	3.6	7.38
Long-Term Deferred Tax Assets	46.21	48.99	43.22	26.67	24.47	19.56
Other Real Estate Owned & Foreclosed	15.08	16.72	21.99	-	-	-
Other Long-Term Assets	13.78	14.66	13.27	13.09	13.33	16.97
Total Assets	6,872	6,659	6,425	6,046	5,144	4,628
Accrued Expenses	-	15.1	12.2	9	7.1	8
Interest Bearing Deposits	3,706	3,604	3,226	2,985	2,591	2,171
Institutional Deposits	1,479	1,318	1,139	934.44	912.55	976.73
Non-Interest Bearing Deposits	682.86	787	1,192	1,306	938.91	835.79
Total Deposits	5,868	5,709	5,557	5,226	4,442	3,983
Current Portion of Leases	-	4.9	-	-	-	-
Accrued Interest Payable	16	16.12	2.61	0.72	1.25	3.32
Other Current Liabilities	-	16.31	1.73	10.19	3.6	7.38
Long-Term Debt	148.41	148.23	148	147.76	99.33	99.21
Long-Term Leases	26.73	14.87	20.95	22.86	18.68	20.5
Other Long-Term Liabilities	63.32	39.3	52.45	43.55	45.76	36.76
Total Liabilities	6,122	5,964	5,795	5,460	4,618	4,158
Common Stock	109.93	210.88	210.88	210.88	210.88	210.88
Additional Paid-In Capital	-	86.83	81.56	73.17	64.06	55.17
Retained Earnings	664.81	592.33	475.07	372.95	300.97	255.05
Treasury Stock	-	-163.18	-108.48	-75.21	-57.5	-55.05
Comprehensive Income & Other	-24.62	-31.75	-28.61	4.93	7.03	3.97
Shareholders' Equity	750.12	695.11	630.43	586.72	525.45	470.02
Total Liabilities & Equity	6,872	6,659	6,425	6,046	5,144	4,628
Total Debt	175.14	168	168.94	170.62	118.02	119.71
Net Cash (Debt)	629.85	742.85	598.58	879.99	641.45	415.94
Net Cash Growth	-26.29%	24.10%	-31.98%	37.19%	54.22%	-17.20%
Net Cash Per Share	46.18	52.09	40.42	59.19	43.09	27.62
Filing Date Shares Outstanding	13.27	13.41	14.43	14.8	14.93	14.79
Total Common Shares Outstanding	13.27	13.58	14.36	14.68	14.93	14.82
Book Value Per Share	56.54	51.17	43.91	39.97	35.19	31.71
Tangible Book Value	750.12	695.11	630.43	586.72	525.45	470.02
Tangible Book Value Per Share	56.54	51.17	43.91	39.97	35.19	31.71

Source: S&P Capital IQ. Banks template. Financial Sources.