Home > Andover Bank > Income and Expense
Andover Bank, Income and Expense
| 2001-12-31 (YTD Data) | Rank | |
| Total interest income | $16,204,000 | 2,125 |
| Total interest expense | $6,272,000 | 2,551 |
| Net interest income | $9,932,000 | 1,796 |
| Provision for loan and lease losses | $300,000 | 3,194 |
| Total noninterest income | $874,000 | 3,638 |
| Gross Fiduciary activities income | $0 | 1,731 |
| Service charges on deposit accounts | $586,000 | 2,482 |
| Trading account gains and fees | $4,000 | 169 |
| Additional Noninterest Income | $284,000 | 4,234 |
| Total noninterest expense | $4,238,000 | 3,250 |
| Salaries and employee benefits | $1,356,000 | 4,873 |
| Premises and equipment expense | $524,000 | 3,732 |
| Additional noninterest expense | $2,358,000 | 1,911 |
| Pre-tax net operating income | $6,268,000 | 1,188 |
| Securities gains (losses) | $0 | 4,612 |
| Applicable income taxes | $2,333,000 | 1,036 |
| Income before extraordinary items | $3,935,000 | 1,386 |
| Extraordinary gains, net | $0 | 105 |
| Net income | $3,935,000 | 1,386 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,370,000 | 504 |
| Cash dividends | $15,000,000 | 278 |
| Sale, conversion, retirement of capital stock, net | $0 | 922 |
| Net operating income | $3,935,000 | 1,326 |
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $116,283,000 | 368 |
| Total interest expense | $64,830,000 | 350 |
| Net interest income | $51,453,000 | 396 |
| Provision for loan and lease losses | $1,500,000 | 757 |
| Total noninterest income | $2,700,000 | 1,483 |
| Gross Fiduciary activities income | $0 | 1,332 |
| Service charges on deposit accounts | $2,653,000 | 511 |
| Trading account gains and fees | $-1,485,000 | 4,538 |
| Additional Noninterest Income | $1,532,000 | 1,359 |
| Total noninterest expense | $25,392,000 | 634 |
| Salaries and employee benefits | $14,533,000 | 505 |
| Premises and equipment expense | $2,992,000 | 697 |
| Additional noninterest expense | $7,867,000 | 680 |
| Pre-tax net operating income | $27,261,000 | 352 |
| Securities gains (losses) | $-723,000 | 9,740 |
| Applicable income taxes | $6,755,000 | 445 |
| Income before extraordinary items | $19,783,000 | 339 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $19,783,000 | 339 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $108,000 | 3,443 |
| Cash dividends | $19,000,000 | 248 |
| Sale, conversion, retirement of capital stock, net | $0 | 969 |
| Net operating income | $20,325,250 | 329 |
| 1999-12-31 (YTD Data) | Rank | |
| Total interest income | $100,530,000 | 407 |
| Total interest expense | $53,025,000 | 370 |
| Net interest income | $47,505,000 | 440 |
| Provision for loan and lease losses | $400,000 | 2,102 |
| Total noninterest income | $3,835,000 | 1,122 |
| Gross Fiduciary activities income | $0 | 1,380 |
| Service charges on deposit accounts | $2,364,000 | 565 |
| Trading account gains and fees | $-398,000 | 4,551 |
| Additional Noninterest Income | $1,869,000 | 1,208 |
| Total noninterest expense | $21,348,000 | 724 |
| Salaries and employee benefits | $11,079,000 | 646 |
| Premises and equipment expense | $2,866,000 | 722 |
| Additional noninterest expense | $7,403,000 | 747 |
| Pre-tax net operating income | $29,592,000 | 367 |
| Securities gains (losses) | $-385,000 | 10,093 |
| Applicable income taxes | $10,254,000 | 363 |
| Income before extraordinary items | $18,953,000 | 380 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $18,953,000 | 380 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-498,000 | 10,181 |
| Cash dividends | $7,000,000 | 521 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,035 |
| Net operating income | $19,203,250 | 371 |
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $92,178,000 | 434 |
| Total interest expense | $52,029,000 | 378 |
| Net interest income | $40,149,000 | 479 |
| Provision for loan and lease losses | $-1,780,000 | 10,436 |
| Total noninterest income | $2,965,000 | 1,359 |
| Gross Fiduciary activities income | $0 | 1,398 |
| Service charges on deposit accounts | $2,005,000 | 611 |
| Trading account gains and fees | $-79,000 | 4,433 |
| Additional Noninterest Income | $1,039,000 | 1,800 |
| Total noninterest expense | $20,324,000 | 733 |
| Salaries and employee benefits | $11,529,000 | 619 |
| Premises and equipment expense | $2,394,000 | 823 |
| Additional noninterest expense | $6,401,000 | 809 |
| Pre-tax net operating income | $24,570,000 | 372 |
| Securities gains (losses) | $17,000 | 2,560 |
| Applicable income taxes | $7,678,000 | 412 |
| Income before extraordinary items | $16,909,000 | 376 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $16,909,000 | 376 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $331,000 | 1,730 |
| Cash dividends | $9,500,000 | 400 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,027 |
| Net operating income | $16,897,270 | 359 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $86,252,000 | 450 |
| Total interest expense | $48,884,000 | 400 |
| Net interest income | $37,368,000 | 510 |
| Provision for loan and lease losses | $804,000 | 1,177 |
| Total noninterest income | $6,288,000 | 792 |
| Gross Fiduciary activities income | $0 | 1,450 |
| Service charges on deposit accounts | $1,816,000 | 702 |
| Trading account gains and fees | $-211,000 | 4,493 |
| Additional Noninterest Income | $4,683,000 | 640 |
| Total noninterest expense | $22,235,000 | 684 |
| Salaries and employee benefits | $11,436,000 | 608 |
| Premises and equipment expense | $2,322,000 | 864 |
| Additional noninterest expense | $8,477,000 | 662 |
| Pre-tax net operating income | $20,617,000 | 442 |
| Securities gains (losses) | $159,000 | 806 |
| Applicable income taxes | $7,253,000 | 471 |
| Income before extraordinary items | $13,523,000 | 460 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $13,523,000 | 461 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $689,000 | 1,042 |
| Cash dividends | $7,000,000 | 481 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $13,419,650 | 443 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $82,673,000 | 494 |
| Total interest expense | $47,702,000 | 440 |
| Net interest income | $34,971,000 | 581 |
| Provision for loan and lease losses | $2,375,000 | 542 |
| Total noninterest income | $6,118,000 | 839 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $1,688,000 | 783 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $4,430,000 | 689 |
| Total noninterest expense | $21,556,000 | 745 |
| Salaries and employee benefits | $10,089,000 | 695 |
| Premises and equipment expense | $2,390,000 | 911 |
| Additional noninterest expense | $9,077,000 | 723 |
| Pre-tax net operating income | $17,158,000 | 509 |
| Securities gains (losses) | $-656,000 | 11,382 |
| Applicable income taxes | $3,323,000 | 798 |
| Income before extraordinary items | $13,179,000 | 463 |
| Extraordinary gains, net | $-173,000 | 11,439 |
| Net income | $13,006,000 | 468 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,991,000 | 576 |
| Cash dividends | $4,500,000 | 716 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $13,703,800 | 447 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $76,959,000 | 555 |
| Total interest expense | $44,617,000 | 488 |
| Net interest income | $32,342,000 | 633 |
| Provision for loan and lease losses | $1,255,000 | 800 |
| Total noninterest income | $5,121,000 | 949 |
| Gross Fiduciary activities income | $0 | 1,590 |
| Service charges on deposit accounts | $1,738,000 | 766 |
| Trading account gains and fees | $0 | 522 |
| Additional Noninterest Income | $3,383,000 | 831 |
| Total noninterest expense | $20,221,000 | 778 |
| Salaries and employee benefits | $9,543,000 | 739 |
| Premises and equipment expense | $1,999,000 | 1,060 |
| Additional noninterest expense | $8,679,000 | 750 |
| Pre-tax net operating income | $15,987,000 | 557 |
| Securities gains (losses) | $451,000 | 385 |
| Applicable income taxes | $6,014,000 | 540 |
| Income before extraordinary items | $10,424,000 | 577 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $10,424,000 | 577 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,973,000 | 572 |
| Cash dividends | $1,500,000 | 1,498 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $10,135,360 | 590 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $63,832,000 | 563 |
| Total interest expense | $33,513,000 | 495 |
| Net interest income | $30,319,000 | 665 |
| Provision for loan and lease losses | $0 | 9,146 |
| Total noninterest income | $4,022,000 | 1,071 |
| Gross Fiduciary activities income | $0 | 1,599 |
| Service charges on deposit accounts | $1,669,000 | 785 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $2,353,000 | 1,027 |
| Total noninterest expense | $20,348,000 | 800 |
| Salaries and employee benefits | $9,065,000 | 766 |
| Premises and equipment expense | $1,869,000 | 1,133 |
| Additional noninterest expense | $9,414,000 | 734 |
| Pre-tax net operating income | $13,993,000 | 608 |
| Securities gains (losses) | $55,000 | 1,094 |
| Applicable income taxes | $4,761,000 | 596 |
| Income before extraordinary items | $9,287,000 | 606 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $9,287,000 | 604 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,764,000 | 440 |
| Cash dividends | $3,512,000 | 713 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $9,250,700 | 609 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $52,767,000 | 662 |
| Total interest expense | $26,136,000 | 579 |
| Net interest income | $26,631,000 | 729 |
| Provision for loan and lease losses | $0 | 10,371 |
| Total noninterest income | $2,549,000 | 1,657 |
| Gross Fiduciary activities income | $0 | 1,630 |
| Service charges on deposit accounts | $1,408,000 | 941 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $1,141,000 | 1,865 |
| Total noninterest expense | $20,210,000 | 833 |
| Salaries and employee benefits | $7,422,000 | 913 |
| Premises and equipment expense | $1,634,000 | 1,308 |
| Additional noninterest expense | $11,154,000 | 701 |
| Pre-tax net operating income | $8,970,000 | 821 |
| Securities gains (losses) | $1,172,000 | 474 |
| Applicable income taxes | $2,448,000 | 1,029 |
| Income before extraordinary items | $7,694,000 | 683 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $7,694,000 | 706 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,662,000 | 609 |
| Cash dividends | $0 | 9,081 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $6,803,280 | 718 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $51,829,000 | 759 |
| Total interest expense | $28,413,000 | 677 |
| Net interest income | $23,416,000 | 826 |
| Provision for loan and lease losses | $750,000 | 2,244 |
| Total noninterest income | $4,423,000 | 1,078 |
| Gross Fiduciary activities income | $0 | 1,658 |
| Service charges on deposit accounts | $1,387,000 | 939 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $3,036,000 | 946 |
| Total noninterest expense | $24,922,000 | 710 |
| Salaries and employee benefits | $7,546,000 | 896 |
| Premises and equipment expense | $1,313,000 | 1,627 |
| Additional noninterest expense | $16,063,000 | 550 |
| Pre-tax net operating income | $2,167,000 | 2,872 |
| Securities gains (losses) | $3,111,000 | 300 |
| Applicable income taxes | $-2,798,000 | 13,890 |
| Income before extraordinary items | $8,076,000 | 592 |
| Extraordinary gains, net | $-159,000 | 13,712 |
| Net income | $7,917,000 | 606 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $7,269,000 | 406 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $4,965,000 | 873 |
* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.