Home > Avery County Bank > Income and Expense

Avery County Bank, Income and Expense

2003-09-30 (YTD Data)		Rank
Total interest income	$2,791,000	5,934
Total interest expense	$708,000	6,429
Net interest income	$2,083,000	5,589
Provision for loan and lease losses	$0	7,481
Total noninterest income	$169,000	7,176
Gross Fiduciary activities income	$0	1,599
Service charges on deposit accounts	$149,000	5,319
Trading account gains and fees	$0	153
Additional Noninterest Income	$20,000	8,256
Total noninterest expense	$840,000	7,622
Salaries and employee benefits	$367,000	8,110
Premises and equipment expense	$15,000	9,123
Additional noninterest expense	$458,000	5,920
Pre-tax net operating income	$1,412,000	3,644
Securities gains (losses)	$579,000	621
Applicable income taxes	$0	7,524
Income before extraordinary items	$1,991,000	2,348
Extraordinary gains, net	$0	40
Net income	$1,991,000	2,347
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$110,000	3,091
Cash dividends	$576,000	2,479
Sale, conversion, retirement of capital stock, net	$0	722
Net operating income	$1,412,000	2,949
2003-06-30 (YTD Data)		Rank
Total interest income	$1,890,000	5,930
Total interest expense	$491,000	6,445
Net interest income	$1,399,000	5,559
Provision for loan and lease losses	$0	7,324
Total noninterest income	$108,000	7,253
Gross Fiduciary activities income	$0	1,577
Service charges on deposit accounts	$96,000	5,375
Trading account gains and fees	$0	150
Additional Noninterest Income	$12,000	8,333
Total noninterest expense	$553,000	7,678
Salaries and employee benefits	$244,000	8,131
Premises and equipment expense	$8,000	9,168
Additional noninterest expense	$301,000	5,968
Pre-tax net operating income	$954,000	3,624
Securities gains (losses)	$593,000	514
Applicable income taxes	$0	7,529
Income before extraordinary items	$1,547,000	2,053
Extraordinary gains, net	$0	30
Net income	$1,547,000	2,051
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$68,000	3,031
Cash dividends	$576,000	1,962
Sale, conversion, retirement of capital stock, net	$0	589
Net operating income	$954,000	2,914
2003-03-31 (YTD Data)		Rank
Total interest income	$1,018,000	5,713
Total interest expense	$253,000	6,459
Net interest income	$765,000	5,254
Provision for loan and lease losses	$0	6,934
Total noninterest income	$48,000	7,431
Gross Fiduciary activities income	$0	1,504
Service charges on deposit accounts	$0	8,142
Trading account gains and fees	$0	134
Additional Noninterest Income	$48,000	5,346
Total noninterest expense	$237,000	8,041
Salaries and employee benefits	$121,000	8,179
Premises and equipment expense	$4,000	9,193
Additional noninterest expense	$112,000	6,838
Pre-tax net operating income	$576,000	3,171
Securities gains (losses)	$608,000	305
Applicable income taxes	$0	7,403
Income before extraordinary items	$1,184,000	1,385
Extraordinary gains, net	$0	21
Net income	$1,184,000	1,383
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$62,000	1,956
Cash dividends	$576,000	1,084
Sale, conversion, retirement of capital stock, net	$0	419
Net operating income	$576,000	2,490
2002-12-31 (YTD Data)		Rank
Total interest income	$4,291,000	5,689
Total interest expense	$1,050,000	6,799
Net interest income	$3,241,000	5,022
Provision for loan and lease losses	$100,000	5,681
Total noninterest income	$197,000	7,341
Gross Fiduciary activities income	$0	1,713
Service charges on deposit accounts	$171,000	5,579
Trading account gains and fees	$0	153
Additional Noninterest Income	$26,000	8,334
Total noninterest expense	$936,000	8,067
Salaries and employee benefits	$521,000	8,059
Premises and equipment expense	$77,000	8,491
Additional noninterest expense	$338,000	7,540
Pre-tax net operating income	$2,402,000	2,972
Securities gains (losses)	$-46,000	9,071
Applicable income taxes	$0	7,681
Income before extraordinary items	$2,356,000	2,460
Extraordinary gains, net	$0	70
Net income	$2,356,000	2,459
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$204,000	2,986
Cash dividends	$1,709,000	1,493
Sale, conversion, retirement of capital stock, net	$0	862
Net operating income	$2,402,000	2,349
2001-12-31 (YTD Data)		Rank
Total interest income	$4,433,000	6,006
Total interest expense	$1,258,000	7,494
Net interest income	$3,175,000	4,867
Provision for loan and lease losses	$455,000	2,371
Total noninterest income	$196,000	7,349
Gross Fiduciary activities income	$0	1,731
Service charges on deposit accounts	$172,000	5,484
Trading account gains and fees	$0	177
Additional Noninterest Income	$24,000	8,562
Total noninterest expense	$917,000	8,169
Salaries and employee benefits	$500,000	8,180
Premises and equipment expense	$134,000	7,784
Additional noninterest expense	$283,000	7,975
Pre-tax net operating income	$1,999,000	3,172
Securities gains (losses)	$31,000	2,791
Applicable income taxes	$0	7,903
Income before extraordinary items	$2,030,000	2,494
Extraordinary gains, net	$0	105
Net income	$2,030,000	2,500
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$326,000	2,116
Cash dividends	$1,920,000	1,390
Sale, conversion, retirement of capital stock, net	$0	922
Net operating income	$1,999,000	2,451
2000-12-31 (YTD Data)		Rank
Total interest income	$4,370,000	6,190
Total interest expense	$1,069,000	8,085
Net interest income	$3,301,000	4,820
Provision for loan and lease losses	$241,000	3,315
Total noninterest income	$220,000	7,069
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$160,000	5,624
Trading account gains and fees	NA	NA
Additional Noninterest Income	$60,000	7,469
Total noninterest expense	$970,000	8,112
Salaries and employee benefits	$522,000	8,138
Premises and equipment expense	$121,000	8,080
Additional noninterest expense	$327,000	7,737
Pre-tax net operating income	$2,310,000	2,960
Securities gains (losses)	$-11,000	8,394
Applicable income taxes	$0	8,362
Income before extraordinary items	$2,299,000	2,246
Extraordinary gains, net	$0	38
Net income	$2,299,000	2,246
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$242,000	2,104
Cash dividends	$1,747,000	1,498
Sale, conversion, retirement of capital stock, net	$0	969
Net operating income	$2,310,000	2,240
1999-12-31 (YTD Data)		Rank
Total interest income	$4,337,000	6,069
Total interest expense	$1,101,000	7,902
Net interest income	$3,236,000	4,896
Provision for loan and lease losses	$0	8,503
Total noninterest income	$228,000	7,165
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$178,000	5,419
Trading account gains and fees	NA	NA
Additional Noninterest Income	$50,000	8,065
Total noninterest expense	$910,000	8,385
Salaries and employee benefits	$528,000	8,169
Premises and equipment expense	$94,000	8,748
Additional noninterest expense	$288,000	8,217
Pre-tax net operating income	$2,554,000	2,746
Securities gains (losses)	$-253,000	10,065
Applicable income taxes	$0	8,765
Income before extraordinary items	$2,301,000	2,273
Extraordinary gains, net	$0	35
Net income	$2,301,000	2,274
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$5,000	7,271
Cash dividends	$1,680,000	1,546
Sale, conversion, retirement of capital stock, net	$0	1,035
Net operating income	$2,554,000	2,033
1998-12-31 (YTD Data)		Rank
Total interest income	$4,423,000	6,116
Total interest expense	$1,126,000	8,089
Net interest income	$3,297,000	4,808
Provision for loan and lease losses	$230,000	3,213
Total noninterest income	$227,000	7,251
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$186,000	5,341
Trading account gains and fees	NA	NA
Additional Noninterest Income	$41,000	8,487
Total noninterest expense	$848,000	8,610
Salaries and employee benefits	$507,000	8,314
Premises and equipment expense	$105,000	8,597
Additional noninterest expense	$236,000	8,733
Pre-tax net operating income	$2,446,000	2,839
Securities gains (losses)	$-123,000	10,403
Applicable income taxes	$0	9,340
Income before extraordinary items	$2,323,000	2,237
Extraordinary gains, net	$0	32
Net income	$2,323,000	2,236
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$194,000	2,492
Cash dividends	$1,728,000	1,490
Sale, conversion, retirement of capital stock, net	$0	1,027
Net operating income	$2,446,000	2,063
1997-12-31 (YTD Data)		Rank
Total interest income	$4,005,000	6,659
Total interest expense	$1,010,000	8,664
Net interest income	$2,995,000	5,309
Provision for loan and lease losses	$90,000	5,371
Total noninterest income	$192,000	7,937
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$150,000	6,172
Trading account gains and fees	NA	NA
Additional Noninterest Income	$42,000	8,774
Total noninterest expense	$816,000	8,976
Salaries and employee benefits	$508,000	8,544
Premises and equipment expense	$92,000	9,159
Additional noninterest expense	$216,000	9,212
Pre-tax net operating income	$2,281,000	3,156
Securities gains (losses)	$-25,000	10,445
Applicable income taxes	$136,000	7,823
Income before extraordinary items	$2,120,000	2,451
Extraordinary gains, net	$0	44
Net income	$2,120,000	2,450
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$189,000	2,636
Cash dividends	$1,440,000	1,670
Sale, conversion, retirement of capital stock, net	$0	1,030
Net operating income	$2,143,500	2,368
1996-12-31 (YTD Data)		Rank
Total interest income	$3,964,000	6,903
Total interest expense	$977,000	9,093
Net interest income	$2,987,000	5,460
Provision for loan and lease losses	$200,000	3,395
Total noninterest income	$208,000	8,116
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$155,000	6,390
Trading account gains and fees	NA	NA
Additional Noninterest Income	$53,000	8,764
Total noninterest expense	$794,000	9,447
Salaries and employee benefits	$476,000	9,053
Premises and equipment expense	$90,000	9,558
Additional noninterest expense	$228,000	9,624
Pre-tax net operating income	$2,201,000	3,158
Securities gains (losses)	$-62,000	11,093
Applicable income taxes	$563,000	3,772
Income before extraordinary items	$1,576,000	3,043
Extraordinary gains, net	$0	53
Net income	$1,576,000	3,045
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$178,000	2,862
Cash dividends	$768,000	2,574
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$1,621,880	2,930
1995-12-31 (YTD Data)		Rank
Total interest income	$3,867,000	7,143
Total interest expense	$897,000	9,625
Net interest income	$2,970,000	5,540
Provision for loan and lease losses	$100,000	4,579
Total noninterest income	$291,000	7,172
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$156,000	6,528
Trading account gains and fees	NA	NA
Additional Noninterest Income	$135,000	6,277
Total noninterest expense	$823,000	9,670
Salaries and employee benefits	$469,000	9,368
Premises and equipment expense	$90,000	9,917
Additional noninterest expense	$264,000	9,671
Pre-tax net operating income	$2,338,000	3,042
Securities gains (losses)	$-72,000	11,356
Applicable income taxes	$642,000	3,485
Income before extraordinary items	$1,624,000	3,016
Extraordinary gains, net	$0	65
Net income	$1,624,000	3,012
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$105,000	3,648
Cash dividends	$720,000	2,607
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$1,675,840	2,897
1994-12-31 (YTD Data)		Rank
Total interest income	$3,464,000	7,384
Total interest expense	$777,000	9,724
Net interest income	$2,687,000	6,122
Provision for loan and lease losses	$50,000	6,087
Total noninterest income	$237,000	8,129
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$158,000	6,707
Trading account gains and fees	NA	NA
Additional Noninterest Income	$79,000	8,286
Total noninterest expense	$885,000	9,845
Salaries and employee benefits	$469,000	9,664
Premises and equipment expense	$120,000	9,390
Additional noninterest expense	$296,000	10,012
Pre-tax net operating income	$1,989,000	3,433
Securities gains (losses)	$-187,000	11,915
Applicable income taxes	$433,000	4,505
Income before extraordinary items	$1,369,000	3,428
Extraordinary gains, net	$0	249
Net income	$1,369,000	3,435
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$55,000	4,946
Cash dividends	$576,000	2,899
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$1,511,120	3,175
1993-12-31 (YTD Data)		Rank
Total interest income	$3,374,000	7,716
Total interest expense	$740,000	10,359
Net interest income	$2,634,000	6,282
Provision for loan and lease losses	$62,000	6,899
Total noninterest income	$186,000	9,481
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$140,000	7,340
Trading account gains and fees	NA	NA
Additional Noninterest Income	$46,000	10,323
Total noninterest expense	$836,000	10,492
Salaries and employee benefits	$455,000	10,093
Premises and equipment expense	$77,000	11,269
Additional noninterest expense	$304,000	10,399
Pre-tax net operating income	$1,922,000	3,436
Securities gains (losses)	$-118,000	13,190
Applicable income taxes	$500,000	4,189
Income before extraordinary items	$1,304,000	3,695
Extraordinary gains, net	$121,000	1,417
Net income	$1,425,000	3,504
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$29,000	7,087
Cash dividends	$537,000	2,912
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$1,388,960	3,288
1992-12-31 (YTD Data)		Rank
Total interest income	$3,372,000	8,373
Total interest expense	$924,000	10,747
Net interest income	$2,448,000	6,695
Provision for loan and lease losses	$0	11,756
Total noninterest income	$169,000	10,065
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$109,000	8,244
Trading account gains and fees	NA	NA
Additional Noninterest Income	$60,000	9,797
Total noninterest expense	$831,000	10,854
Salaries and employee benefits	$479,000	9,995
Premises and equipment expense	$81,000	11,458
Additional noninterest expense	$271,000	11,258
Pre-tax net operating income	$1,786,000	3,459
Securities gains (losses)	$-14,000	13,390
Applicable income taxes	$504,000	3,978
Income before extraordinary items	$1,268,000	3,625
Extraordinary gains, net	$0	1,422
Net income	$1,268,000	3,666
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$12,000	9,788
Cash dividends	$576,000	2,491
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$1,278,080	3,328

* 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.