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Bank of Bermuda (New York) Limited, Income and Expense

1998-12-31 (YTD Data)Rank
Total interest income$4,398,0006,143
Total interest expense$2,449,0005,437
Net interest income$1,949,0006,764
Provision for loan and lease losses$-509,00010,414
Total noninterest income$1,494,0002,275
Gross Fiduciary activities income$222,000847
Service charges on deposit accounts$09,085
Trading account gains and fees$0224
Additional Noninterest Income$1,272,0001,566
Total noninterest expense$4,239,0003,069
Salaries and employee benefits$1,941,0003,438
Premises and equipment expense$690,0002,802
Additional noninterest expense$1,608,0002,612
Pre-tax net operating income$-287,00010,059
Securities gains (losses)$13,0002,771
Applicable income taxes$-114,00010,239
Income before extraordinary items$-160,00010,018
Extraordinary gains, net$032
Net income$-160,00010,014
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,132
Cash dividends$07,473
Sale, conversion, retirement of capital stock, net$01,027
Net operating income$-168,3209,989
1997-12-31 (YTD Data)Rank
Total interest income$7,697,0004,113
Total interest expense$4,789,0003,102
Net interest income$2,908,0005,436
Provision for loan and lease losses$30,0007,369
Total noninterest income$1,083,0002,861
Gross Fiduciary activities income$01,450
Service charges on deposit accounts$3,0009,403
Trading account gains and fees$0239
Additional Noninterest Income$1,080,0001,659
Total noninterest expense$3,257,0003,834
Salaries and employee benefits$1,570,0004,083
Premises and equipment expense$695,0002,758
Additional noninterest expense$992,0003,940
Pre-tax net operating income$704,0006,963
Securities gains (losses)$45,0001,407
Applicable income taxes$479,0004,340
Income before extraordinary items$270,0008,599
Extraordinary gains, net$044
Net income$270,0008,601
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,513
Cash dividends$07,871
Sale, conversion, retirement of capital stock, net$01,030
Net operating income$241,2008,782
1996-12-31 (YTD Data)Rank
Total interest income$9,834,0003,331
Total interest expense$6,839,0002,263
Net interest income$2,995,0005,449
Provision for loan and lease losses$60,0006,086
Total noninterest income$2,915,0001,390
Gross Fiduciary activities income$01,526
Service charges on deposit accounts$6,0009,807
Trading account gains and fees$0262
Additional Noninterest Income$2,909,000894
Total noninterest expense$7,660,0001,850
Salaries and employee benefits$2,399,0002,799
Premises and equipment expense$1,347,0001,503
Additional noninterest expense$3,914,0001,379
Pre-tax net operating income$-1,810,00011,395
Securities gains (losses)$-14,00010,446
Applicable income taxes$-793,00011,383
Income before extraordinary items$-1,031,00011,369
Extraordinary gains, net$053
Net income$-1,031,00011,369
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,805
Cash dividends$08,336
Sale, conversion, retirement of capital stock, net$0953
Net operating income$-1,022,04011,345
1995-12-31 (YTD Data)Rank
Total interest income$12,334,0002,711
Total interest expense$9,358,0001,702
Net interest income$2,976,0005,526
Provision for loan and lease losses$90,0004,814
Total noninterest income$3,005,0001,358
Gross Fiduciary activities income$01,590
Service charges on deposit accounts$6,00010,236
Trading account gains and fees$0522
Additional Noninterest Income$2,999,000887
Total noninterest expense$5,270,0002,576
Salaries and employee benefits$2,429,0002,750
Premises and equipment expense$1,486,0001,393
Additional noninterest expense$1,355,0003,364
Pre-tax net operating income$621,0007,765
Securities gains (losses)$-36,00010,960
Applicable income taxes$301,0005,979
Income before extraordinary items$284,0009,094
Extraordinary gains, net$065
Net income$284,0009,100
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,856
Cash dividends$08,717
Sale, conversion, retirement of capital stock, net$0809
Net operating income$307,0408,836
1994-12-31 (YTD Data)Rank
Total interest income$8,862,0003,386
Total interest expense$6,291,0001,985
Net interest income$2,571,0006,322
Provision for loan and lease losses$120,0004,039
Total noninterest income$2,765,0001,448
Gross Fiduciary activities income$01,599
Service charges on deposit accounts$9,00010,745
Trading account gains and fees$13,000363
Additional Noninterest Income$2,743,000928
Total noninterest expense$5,067,0002,745
Salaries and employee benefits$2,373,0002,797
Premises and equipment expense$1,487,0001,402
Additional noninterest expense$1,207,0004,035
Pre-tax net operating income$149,00011,274
Securities gains (losses)$03,600
Applicable income taxes$129,0008,731
Income before extraordinary items$20,00011,968
Extraordinary gains, net$119,000100
Net income$139,00010,955
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,921
Cash dividends$08,932
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$20,00012,002
1993-12-31 (YTD Data)Rank
Total interest income$6,101,0004,881
Total interest expense$3,816,0003,300
Net interest income$2,285,0006,958
Provision for loan and lease losses$17,0009,280
Total noninterest income$2,659,0001,604
Gross Fiduciary activities income$01,630
Service charges on deposit accounts$011,351
Trading account gains and fees$16,000392
Additional Noninterest Income$2,643,0001,054
Total noninterest expense$4,925,0002,893
Salaries and employee benefits$2,312,0002,848
Premises and equipment expense$1,426,0001,488
Additional noninterest expense$1,187,0004,228
Pre-tax net operating income$2,00012,382
Securities gains (losses)$201,0001,688
Applicable income taxes$120,0009,304
Income before extraordinary items$83,00011,985
Extraordinary gains, net$03,149
Net income$83,00012,016
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$09,922
Cash dividends$09,081
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$-45,64012,501
1992-12-31 (YTD Data)Rank
Total interest income$5,557,0005,851
Total interest expense$3,246,0004,847
Net interest income$2,311,0006,980
Provision for loan and lease losses$95,0007,436
Total noninterest income$2,797,0001,523
Gross Fiduciary activities income$01,658
Service charges on deposit accounts$011,764
Trading account gains and fees$-2,0005,198
Additional Noninterest Income$2,799,0001,003
Total noninterest expense$4,841,0002,958
Salaries and employee benefits$2,212,0002,917
Premises and equipment expense$1,395,0001,529
Additional noninterest expense$1,234,0004,239
Pre-tax net operating income$172,00011,320
Securities gains (losses)$534,0001,031
Applicable income taxes$308,0005,822
Income before extraordinary items$398,0008,243
Extraordinary gains, net$01,422
Net income$398,0008,371
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$1,00011,020
Cash dividends$08,912
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$56,24012,225

* 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.