Home > Bank of Ferrum > Income and Expense
Bank of Ferrum, Income and Expense
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $10,925,000 | 2,958 |
| Total interest expense | $5,939,000 | 2,546 |
| Net interest income | $4,986,000 | 3,404 |
| Provision for loan and lease losses | $888,000 | 1,084 |
| Total noninterest income | $698,000 | 3,994 |
| Gross Fiduciary activities income | $0 | 1,398 |
| Service charges on deposit accounts | $308,000 | 3,858 |
| Trading account gains and fees | $0 | 224 |
| Additional Noninterest Income | $390,000 | 3,480 |
| Total noninterest expense | $3,421,000 | 3,683 |
| Salaries and employee benefits | $1,182,000 | 5,121 |
| Premises and equipment expense | $352,000 | 4,862 |
| Additional noninterest expense | $1,887,000 | 2,224 |
| Pre-tax net operating income | $1,375,000 | 4,452 |
| Securities gains (losses) | $11,000 | 2,878 |
| Applicable income taxes | $428,000 | 4,247 |
| Income before extraordinary items | $958,000 | 4,639 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $958,000 | 4,639 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $270,000 | 2,000 |
| Cash dividends | $501,000 | 3,492 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,027 |
| Net operating income | $950,410 | 4,570 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $9,763,000 | 3,309 |
| Total interest expense | $5,410,000 | 2,767 |
| Net interest income | $4,353,000 | 3,924 |
| Provision for loan and lease losses | $399,000 | 2,118 |
| Total noninterest income | $540,000 | 4,738 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $276,000 | 4,331 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $264,000 | 4,238 |
| Total noninterest expense | $2,795,000 | 4,344 |
| Salaries and employee benefits | $920,000 | 6,191 |
| Premises and equipment expense | $273,000 | 5,759 |
| Additional noninterest expense | $1,602,000 | 2,563 |
| Pre-tax net operating income | $1,699,000 | 4,041 |
| Securities gains (losses) | $145,000 | 833 |
| Applicable income taxes | $592,000 | 3,717 |
| Income before extraordinary items | $1,252,000 | 3,914 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $1,252,000 | 3,913 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $81,000 | 4,217 |
| Cash dividends | $500,000 | 3,451 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $1,153,400 | 4,133 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $7,642,000 | 4,206 |
| Total interest expense | $3,770,000 | 3,917 |
| Net interest income | $3,872,000 | 4,451 |
| Provision for loan and lease losses | $252,000 | 2,918 |
| Total noninterest income | $467,000 | 5,403 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $273,000 | 4,520 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $194,000 | 5,254 |
| Total noninterest expense | $2,517,000 | 4,975 |
| Salaries and employee benefits | $854,000 | 6,684 |
| Premises and equipment expense | $262,000 | 6,077 |
| Additional noninterest expense | $1,401,000 | 3,307 |
| Pre-tax net operating income | $1,570,000 | 4,177 |
| Securities gains (losses) | $-10,000 | 10,276 |
| Applicable income taxes | $494,000 | 4,189 |
| Income before extraordinary items | $1,066,000 | 4,249 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $1,066,000 | 4,250 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $66,000 | 4,754 |
| Cash dividends | $316,000 | 4,395 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $1,072,800 | 4,177 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $6,175,000 | 5,080 |
| Total interest expense | $2,862,000 | 4,973 |
| Net interest income | $3,313,000 | 5,089 |
| Provision for loan and lease losses | $60,000 | 5,704 |
| Total noninterest income | $385,000 | 6,128 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $234,000 | 5,136 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $151,000 | 5,965 |
| Total noninterest expense | $2,203,000 | 5,549 |
| Salaries and employee benefits | $816,000 | 7,016 |
| Premises and equipment expense | $183,000 | 7,537 |
| Additional noninterest expense | $1,204,000 | 3,727 |
| Pre-tax net operating income | $1,435,000 | 4,612 |
| Securities gains (losses) | $1,000 | 3,512 |
| Applicable income taxes | $465,000 | 4,427 |
| Income before extraordinary items | $971,000 | 4,714 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $971,000 | 4,713 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $46,000 | 5,295 |
| Cash dividends | $277,000 | 4,740 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $970,320 | 4,699 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $5,234,000 | 5,454 |
| Total interest expense | $2,219,000 | 5,125 |
| Net interest income | $3,015,000 | 5,597 |
| Provision for loan and lease losses | $95,000 | 4,682 |
| Total noninterest income | $258,000 | 7,831 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $194,000 | 5,987 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $64,000 | 8,924 |
| Total noninterest expense | $2,006,000 | 6,187 |
| Salaries and employee benefits | $903,000 | 6,610 |
| Premises and equipment expense | $172,000 | 8,034 |
| Additional noninterest expense | $931,000 | 5,018 |
| Pre-tax net operating income | $1,172,000 | 5,327 |
| Securities gains (losses) | $-196,000 | 11,939 |
| Applicable income taxes | $297,000 | 5,908 |
| Income before extraordinary items | $679,000 | 6,030 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $679,000 | 6,045 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $264,000 | 2,089 |
| Cash dividends | $221,000 | 5,225 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $816,200 | 5,342 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $4,804,000 | 5,980 |
| Total interest expense | $2,047,000 | 5,716 |
| Net interest income | $2,757,000 | 6,052 |
| Provision for loan and lease losses | $160,000 | 4,468 |
| Total noninterest income | $259,000 | 8,229 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $182,000 | 6,334 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $77,000 | 8,764 |
| Total noninterest expense | $1,748,000 | 7,048 |
| Salaries and employee benefits | $817,000 | 7,223 |
| Premises and equipment expense | $173,000 | 8,305 |
| Additional noninterest expense | $758,000 | 6,187 |
| Pre-tax net operating income | $1,108,000 | 5,489 |
| Securities gains (losses) | $25,000 | 4,353 |
| Applicable income taxes | $405,000 | 4,955 |
| Income before extraordinary items | $728,000 | 5,939 |
| Extraordinary gains, net | $9,000 | 2,969 |
| Net income | $737,000 | 6,052 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $16,000 | 8,052 |
| Cash dividends | $194,000 | 5,562 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $712,000 | 5,769 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $4,940,000 | 6,457 |
| Total interest expense | $2,307,000 | 6,388 |
| Net interest income | $2,633,000 | 6,348 |
| Provision for loan and lease losses | $240,000 | 4,686 |
| Total noninterest income | $238,000 | 8,712 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $164,000 | 6,757 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $74,000 | 9,109 |
| Total noninterest expense | $1,722,000 | 7,208 |
| Salaries and employee benefits | $804,000 | 7,235 |
| Premises and equipment expense | $184,000 | 8,213 |
| Additional noninterest expense | $734,000 | 6,521 |
| Pre-tax net operating income | $909,000 | 6,047 |
| Securities gains (losses) | $43,000 | 4,369 |
| Applicable income taxes | $322,000 | 5,667 |
| Income before extraordinary items | $630,000 | 6,371 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $630,000 | 6,441 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $98,000 | 5,971 |
| Cash dividends | $159,000 | 5,642 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $601,620 | 6,195 |
* 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.