Preferred Bank (Preferred Bank) Allowance For Loans And Lease Losses : $-74.8 Mil (As of Sep. 2023)

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What is Preferred Bank Allowance For Loans And Lease Losses?

Preferred Bank's Allowance For Loans And Lease Losses for the quarter that ended in Sep. 2023 was $-74.8 Mil.

Preferred Bank's quarterly Allowance For Loans And Lease Losses declined from Mar. 2023 ($-68.9 Mil) to Jun. 2023 ($-71.4 Mil) and declined from Jun. 2023 ($-71.4 Mil) to Sep. 2023 ($-74.8 Mil).

Preferred Bank's annual Allowance For Loans And Lease Losses increased from Dec. 2020 ($-63.4 Mil) to Dec. 2021 ($-60.0 Mil) but then declined from Dec. 2021 ($-60.0 Mil) to Dec. 2022 ($-68.5 Mil).

Preferred Bank Allowance For Loans And Lease Losses Historical Data

The historical data trend for Preferred Bank's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Preferred Bank Allowance For Loans And Lease Losses Chart

Preferred Bank Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Allowance For Loans And Lease Losses

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-31.07

-34.83

-63.43

-59.97

-68.47

Preferred Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-66.47	-68.47	-68.93	-71.43	-74.85

Preferred Bank Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Preferred Bank Allowance For Loans And Lease Losses Related Terms

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Preferred Bank (Preferred Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Preferred Bank (NAS:PFBC) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

1IU:Germany

Address

601 South Figueroa Street, 48th Floor, Los Angeles, CA, USA, 90017

Website

https://www.preferredbank.com

Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.