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Financial Highlights

PREFERRED BANK (NASDAQ - PFBC)

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

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Balance Sheet ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	1,154,945	987,859	16.91	1,117,534	13.39
Loans Held for Sale, before Reserves	15,670	3,707	322.71	12,150	115.88
Loan Loss Reserve	20,234	22,925	(11.74)	20,607	(7.24)
Net Loans Receivable	1,150,381	968,641	18.76	1,109,077	14.90
Intangible Assets	0	0	0.00	0	0.00
Total Assets	1,587,769	1,365,911	16.24	1,554,856	8.47
Deposits	1,383,999	1,176,180	17.67	1,357,527	7.80
Debt, Senior and Subordinated	0	0	0.00	0	0.00
Common Equity	192,309	182,264	5.51	187,838	9.52
Total Shareholders' Equity	192,309	182,264	5.51	187,838	9.52
Shares Outstanding (actual)	13,247,301	13,224,356	0.17	13,234,608	0.38

Income Statement ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Net Interest Income	14,659	12,994	12.81	14,204	12.81
Provision for Loan Losses	0	1,800	NM	2,300	NM
Noninterest Income	858	614	39.74	727	72.08
Noninterest Expense	8,837	8,840	(0.03)	8,153	33.56
Net Income Before Taxes	6,676	2,956	125.85	4,499	193.55
Provision for Taxes	2,646	(18,783)	NM	(416)	NM
Net Income	4,030	21,739	(81.46)	4,915	(72.02)

Per Share Items ($)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Book Value per Share	14.52	13.78	5.33	14.19	9.13
Tangible Book Value	14.52	13.78	5.33	14.19	9.13
Diluted EPS Before Extra	0.30	1.62	(81.48)	0.37	(75.68)
Diluted EPS After Extra	0.30	1.62	(81.48)	0.37	(75.68)
Dividends Declared	0.0000	0.0000	0.00	0.0000	0.00

Performance Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
ROAA	1.06	6.53	(547)	1.29	(23)
ROAE	8.57	53.66	(4,509)	10.00	(143)
Net Interest Margin	4.03	4.06	(3)	3.91	12
Loans / Deposits	83.45	83.99	(54)	82.32	113
Efficiency Ratio	56.98	65.06	(808)	54.53	245

Balance Sheet Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	12.11	13.34	(123)	12.08	3
Equity/ Assets	12.11	13.34	(123)	12.08	3
Asset Quality Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	2.97	5.00	(203)	3.50	(53)
Loan Loss Reserves/ Gross Loans	1.73	2.31	(58)	1.82	(10)
Loan Loss Reserves/ NPAs	42.25	29.26	1,299	37.36	488
Net Charge-offs/ Avg Loans	0.13	1.07	(94)	1.21	(108)

Regulatory Capital Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	13.61	14.55	(94)	13.73	(12)

^† 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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