Preferred Bank has no exposure to venture capital or cryptocurrency

Preferred Bank (NASDAQ:PFBC) on Friday provided an update on its financial information in light of recent industry events, saying it has no exposure to venture capital or cryptocurrency.
The company’s total deposits grew to $5.62B as of March 9 from ~$5.56B 57 as of 2022-end.
Cash and cash equivalents total over $900M and represent 13.9% of total assets.
Total securities held to maturity totaled $22.2M. Total securities available for sale were $422.5M with the negative mark of $29.8M already captured in accumulated other comprehensive income.
Preferred Bank (PFBC) said it has other sources of borrowing capacity, none of which are being used.
Earlier, the bank posted Q4 earnings above estimates.

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