Preferred Bank: Investor Relations: Financial Highlights

Financial Highlights

PREFERRED BANK (NASDAQ - PFBC)

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2010 Q2	2009 Q2	Y-Y Ch (%)	2010 Q1	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	955,717	1,144,074	(16.46)	971,133	(6.35)
Loans Held for Sale, before Reserves	12,688	0	NM	10,333	91.16
Loan Loss Reserve	32,540	28,260	15.15	37,069	(48.87)
Net Loans Receivable	935,865	1,115,814	(16.13)	944,397	(3.61)
Intangible Assets	2	6	(66.67)	3	(133.33)
Total Assets	1,323,394	1,365,029	(3.05)	1,381,093	(16.71)
Deposits	1,111,039	1,139,859	(2.53)	1,230,961	(38.97)
Debt, Senior and Subordinated	40,996	83,996	(51.19)	48,996	(65.31)
Common Equity	113,689	130,074	(12.60)	90,719	101.28
Total Shareholders' Equity	162,362	130,074	24.82	90,719	315.89
Shares Outstanding (actual)	16,003,026	9,854,207	62.40	16,012,126	(0.23)

Income Statement ($000)
	2010 Q2	2009 Q2	Y-Y Ch (%)	2010 Q1	Q-Q Ch (%)^†
Net Interest Income	9,061	10,556	(14.16)	9,694	(26.12)
Provision for Loan Losses	0	15,450	NM	0	0.00
Noninterest Income	688	925	(25.62)	827	(67.23)
Noninterest Expense	12,811	9,336	37.22	7,344	297.77
Net Income Before Taxes	(3,084)	(14,273)	(78.39)	3,109	NM
Provision for Taxes	0	(7,443)	NM	0	0.00
Net Income	(3,084)	(6,830)	(54.85)	3,109	NM

Per Share Items ($)
	2010 Q2	2009 Q2	Y-Y Ch (%)	2010 Q1	Q-Q Ch (%)^†
Book Value per Share	7.10	13.20	(46.18)	5.67	101.56
Tangible Book Value	7.10	13.20	(46.18)	5.67	101.57
Diluted EPS Before Extra	(0.20)	(0.69)	(71.01)	0.20	NM
Diluted EPS After Extra	(0.20)	(0.69)	(71.01)	0.20	NM
Dividends Declared	0.0000	0.0000	0.00	0.0000	0.00

Performance Ratios (%)
	2010 Q2	2009 Q2	Y-Y Ch (bp)	2010 Q1	Q-Q Ch (bp)
ROAA	(0.91)	(1.91)	100	0.91	(182)
ROAE	(9.82)	(20.14)	1,032	14.48	(2,430)
Net Interest Margin	3.01	3.26	(25)	3.08	(7)
Loans / Deposits	86.02	100.37	(1,435)	78.89	713
Efficiency Ratio	131.71	52.60	7,911	59.40	7,231

Balance Sheet Ratios (%)
	2010 Q2	2009 Q2	Y-Y Ch (bp)	2010 Q1	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	12.27	9.53	274	6.57	570
Equity/ Assets	12.27	9.53	274	6.57	570
Asset Quality Ratios (%)
	2010 Q2	2009 Q2	Y-Y Ch (bp)	2010 Q1	Q-Q Ch (bp)
Nonperforming Assets/ Assets	NA	10.02	NA	13.37	NA
Loan Loss Reserves/ Gross Loans	3.36	2.47	89	3.78	(42)
Loan Loss Reserves/ NPAs	NA	20.66	NA	20.08	NA
Net Charge-offs/ Avg Loans	1.85	6.04	(419)	2.25	(39)

Regulatory Capital Ratios (%)
	2010 Q2	2009 Q2	Y-Y Ch (bp)	2010 Q1	Q-Q Ch (bp)
Tier 1 Capital Ratio	14.32	10.79	353	8.02	630

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

* Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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