Preferred Bank (Los Angeles, CA)
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Data as of · sourced from FFIEC call reports. How we update
Preferred Bank is an FDIC-insured commercial bank headquartered in Los Angeles, CA, established in 1991 (FDIC certificate 33539), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $7.73B, up 6.2% from Q2 2025, the 15th largest of 113 banks headquartered in California. Its CET1 capital ratio was 11.06% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 33539
- Headquarters
- Los Angeles, CA
- Established
- 1991
- Total assets, Q2 2026
- $7.73B
- Assets vs Q2 2025
- +6.2%
- CET1 ratio, Q2 2026
- 11.06%
- Domestic offices
- 16 FDIC institution directory, current count
- Routing number
- 122042205
- Asset rank in state
- 15th of 113 in California
Problem loans are rising at Preferred Bank. Based in Los Angeles, California, it had $7.7 billion in assets at June 30, 2026, up 6.2% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.57% of loans from 0.91% a year earlier. It spends about 32 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 58 cents). On the other hand, it pays an average of 3.07% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 2.01%).
The non-owner-occupied commercial real estate book ($2.3 billion) is worsening: 3.46% of it is past due or on nonaccrual, up from 0.77% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 4.1 times its capital, about double the median of 2.2 times for banks its size.
As of June 30, 2026, Preferred Bank reported a CET1 capital ratio of 11.06%, a return on assets of 1.74%, a nonperforming-loan ratio of 1.57% and a Texas ratio of 11.72%. The figures come from its call report filed with the FFIEC.
Of the 113 banks headquartered in California, Preferred Bank is the 15th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.0% to $7.73B, loans rose 2.4% and deposits rose 0.7%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 37.4% of total loans, followed by commercial and industrial loans at 26.6%. The FDIC Summary of Deposits lists 16 offices for it, in 14 cities across 3 states; its Los Angeles office books 33% of its branch deposits. On its Q2 2026 call report, Preferred Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 601 S Figueroa St, Los Angeles, CA 90017
- County
- Los Angeles
- Metro Area
- Los Angeles-Long Beach-Anaheim, CA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 23, 1991
- Domestic offices
- 16 FDIC institution directory, current count
- Employees (FTE)
- 321
- Domestic deposits
- $6.48B
- Allowance for credit losses
- $76.3M
- Net charge-offs (YTD)
- $5.4M
- Average total assets
- $7.70B
- Average total loans
- $6.05B
- Average interest-bearing deposits
- $5.71B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- December 23, 1991
- FDIC Cert
- 33539
- Fed RSSD
- 1918344
- SEC CIK
- 1492165 →
- Website
- www.preferredbank.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Preferred Bank's total assets moved between a low of $6.63B (Q3 2023) and a high of $7.73B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$7.73B total assets against $7.28B; $6.94B total liabilities against $6.53B.
$6.20B net loans and leases against $5.67B; $6.48B total deposits against $6.08B.
$544.1M securities against $596.5M; $750.2M cash and balances due against $776.7M.
$122.4M total interest income against $120.4M; $52.5M total interest expense against $53.6M.
$70.0M net interest income against $66.9M.
$3.4M total noninterest income against $2.4M; $23.7M total noninterest expense against $21.1M.
$1.2M provision for credit losses against $1.6M.
$33.5M net income against $32.8M.
1.74% return on assets against 1.84%; 3.71% net interest margin against 3.82%.
11.06% CET1 capital ratio against 11.18%; 10.55% tier 1 leverage ratio against 10.73%.
Inside the full Preferred Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
More than half of deposits are uninsured (above the $250K FDIC threshold). Worth understanding the depositor concentration in stressed scenarios. BankRegReports early-warning band.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Preferred Bank rankings
Its closest position to the top of a national ranking is 62 of 3,606, for efficiency ratio; its furthest is 1,941 of 2,134, for CET1 ratio.
Metric pages for Preferred Bank: Uninsured deposits, Efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.64% (Q1 2026) to 1.95% (Q3 2024) and its net interest margin ran from 3.51% (Q1 2026) to 4.13% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.06% | 1.74% | 1.57% | 11.72% | 3.71% |
| Q1 2026 | 10.87% | 1.64% | 2.76% | 20.37% | 3.51% |
| Q4 2025 | 11.26% | 1.83% | 0.85% | 6.31% | 3.76% |
| Q3 2025 | 11.34% | 1.94% | 0.30% | 8.26% | 3.94% |
| Q2 2025 | 11.18% | 1.84% | 0.91% | 8.04% | 3.82% |
| Q1 2025 | 11.86% | 1.73% | 1.40% | 10.88% | 3.69% |
| Q4 2024 | 11.80% | 1.74% | 0.17% | 2.92% | 4.09% |
| Q3 2024 | 11.66% | 1.95% | 0.35% | 4.16% | 4.13% |
Swipe the table sideways to see every column.
Branch Network
View all 16 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Preferred Bank (main office) | Los Angeles , CA | 90017 | $2.14B |
| Alhambra Branch | Alhambra , CA | 91801 | $1.08B |
| Flushing Branch | Flushing , NY | 11355 | $605.9M |
| Torrance Branch | Torrance , CA | 90503 | $387.2M |
| City of Industry Office | City Of Industry , CA | 91748 | $373.4M |
| Arcadia Branch | Arcadia , CA | 91007 | $346.4M |
| Los Angeles - Century City Branch | Century City , CA | 90067 | $302.5M |
| San Fernando Valley Regional Office | Tarzana , CA | 91356 | $237.0M |
| Diamond Bar Branch | Diamond Bar , CA | 91765 | $223.1M |
| San Francisco - California Street Branch | San Francisco , CA | 94108 | $204.7M |
| Preferred Bank - San Franciso Irving Branch | San Francisco , CA | 94122 | $146.9M |
| Houston Branch | Sugar Land , TX | 77479 | $122.9M |
| Irvine Branch | Irvine , CA | 92620 | $115.5M |
| Culver Branch | Irvine , CA | 92604 | $89.0M |
| Preferred Bank Branch | New York , NY | 10121 | $70.7M |
| Pico Rivera Branch | Pico Rivera , CA | 90660 | $37.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 21, 2015 | M&A | Acquired United International Bank merger for the acquired bank | SEC |
| November 21, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 21, 2015 | Structure Change | Acquired United International Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 3 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in CA, rank 29 of 164 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 278 applications, 181 loans originated, $237.7M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 11 loans, $8.4M approved, $763K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Preferred Bank
What are Preferred Bank's total assets?
As of the Q2 2026 filing, Preferred Bank reported total assets of $7.73 billion in its FFIEC call report.
Where is Preferred Bank headquartered?
It is headquartered in Los Angeles, CA, United States.
When was Preferred Bank founded?
It was established in 1991, per the FDIC institution directory.
Is Preferred Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #33539). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Preferred Bank?
Preferred Bank's primary federal regulator is the FDIC.
What is Preferred Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.06% in its Q2 2026 call report, above regulatory requirements.
How many branches does Preferred Bank operate?
It operates 16 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Preferred Bank's Texas Ratio?
Its Texas Ratio is 11.72% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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