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Preferred Bank
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Preferred Bank
| RSSD ID 1918344 | CERTIFICATE 33539 | ABA NUMBER 122042205 |
| 601 S Figueroa St |
Quarter Ended : |
2026-06-30 |
| Los Angeles, California, 90017 |
Updated : |
2026-07-30 |
| 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 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
17 |
Number of Employees : |
321 |
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| Financial Fast Facts |
Balance Sheet (USD, in thousands) |
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Income Statement (USD, in thousands, ytd) |
| Total Assets | 7,731,004 |
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Total Interest Income | 239,321 |
| Total Liabilities | 6,937,477 |
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Total NonInterest Income | 7,627 |
| Total Bank Equity Capital | 793,527 |
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Total Interest Expense | 104,018 |
| Total Deposits | 6,476,766 |
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Total NonInterest Expense | 47,182 |
| Net Loans & Leases | 6,194,718 |
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Net Income | 64,684 |
| Loan Loss Allowance | 76,276 |
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Net Charge Offs | 5,416 |
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| Regulatory Capital |
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Quarterly Averages (USD, in thousands) |
| Total capital | 1,008,578 |
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Total loans | 6,051,730 |
| Total assets for the leverage ratio | 7,694,253 |
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Loans secured by real estate: | 4,492,587 |
| Tier 1 Leverage Ratio | 10.55 |
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Commercial and industrial loans | 1,537,378 |
| Tier 1 Capital Ratio | 11.06 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 13.74 |
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Loans to individuals - Other | 0 |
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