Preferred Bank in Houston, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Preferred Bank in Houston, Texas (TX)
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Preferred Bank - Overview

  • General
  • FDIC Certificate #: 32265
    Status: Active
    Federal Reserve ID: 203070
    Date Established: January 14, 1985
    WWW: http://www.preferredbanktx.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 8069
    FDIC's unique #: 45099
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 14, 1985
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 11757 Katy Freeway, Suite 100, Houston, TX 77079
    County: Harris
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Houston, TX (#3360)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $205.5 mil
    Equity capital: $29.3 mil
    Deposits held in domestic offices: $176.0 mil
    Return on assets (ROA): -0.16% (-$0.3 mil)
    Quarterly return on assets: 0.42% ($0.9 mil)
    Return on Equity (ROE): -1.11% (-$0.3 mil)
    Quarterly return on equity: 2.94% ($0.9 mil)
    Net income: -$0.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -0.25% (-$513.9 mil)
    Quarterly Pretax return on assets: 0.59% ($1,212.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $205,541Total assets
  • $60,294Cash and due from depository institutions
  • $55,025Interest-bearing balances
  • $60,191Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,812Net loans & leases
  • $1,405Loan loss allowance
  • $0Trading account assets
  • $770Bank premises and fixed assets
  • $1,647Other real estate owned
  • $0Goodwill and other intangibles
  • $205,541Life insurance assets
  • $5,827All other assets
  • $176,220Total liabilities and capital
  • $176,021Total liabilities
  • $127,762Total deposits
  • $176,021Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $199Subordinated debt
  • $29,321All other liabilities
  • $29,321Total equity capital
  • $29,321Total bank equity capital
  • $0Perpetual preferred stock
  • $1,615Common stock
  • $13,365Surplus
  • $14,341Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5Income earned, not collected on loans
  • $0Earning assets
  • $625Long-term assets (5+ years)
  • $192,028Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $203,890Volatile liabilities
  • $207,216Insider loans
  • $86,742FHLB advances
  • $205,541Loans and leases held for sale
  • $3,802Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,321Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,411Restructured Loans and leases
  • $4,375Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,702Total interest income
  • $1,304Total interest expense
  • $6,398Net interest income
  • $1,934Provision for loan and lease losses
  • $683Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $683Additional noninterest income
  • $5,660Total noninterest expense
  • $3,264Salaries and employee benefits
  • $1,181Premises and equipment expense
  • $1,215Additional noninterest expense
  • -$513Pre-tax net operating income
  • $0Securities gains (losses)
  • -$187Applicable income taxes
  • -$326Income before extraordinary items
  • $0Extraordinary gains - net
  • -$326Net income attributable to bank
  • $0Net charge-offs
  • -$326Cash dividends
  • $1,983Sale, conversion, retirement of capital stock, net
  • $4Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.05%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.36%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • -0.16%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.25%Pretax return on assets
  • -1.11%Return on equity (ROE)
  • -1.12%Retained earnings to average equity (YTD only)
  • 2.24%Net charge-offs to loans
  • 97.53%Credit loss provision to net charge-offs
  • 0.72%Efficiency ratio
  • 79,932Assets per employee
  • 5.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.23%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 28100.00%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 43.64%Net loans and leases to core deposits
  • 44.66%Equity capital to assets
  • 14.27%Core capital (leverage) ratio
  • 14.27%Tier 1 risk-based capital ratio
  • 33.80%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $203,890Average earning assets
  • $29,374Average equity
  • $190,306Average loans

List of branches

  • 5 Texas Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    045099Preferred Bank11757 Katy Freeway, Suite 100, Houston, TX 77079January 14, 1985Full Service Brick and Mortar
    1465179Braeswood Office8710 Stella Link Road, Houston, TX 77025January 16, 2001Full Service Brick and Mortar
    2465180Spring Office16522 Stuebner Airline, Spring, TX 77379January 16, 2001Full Service Brick and Mortar
    3495972Conroe Office1192 W Dallas Ste A, Conroe, TX 77301Febuary 15, 2007Full Service Brick and Mortar
    4495973Woodlands Office3000 Research Blvd Ste 190, The Woodlands, TX 77381June 01, 2007Full Service Brick and Mortar

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