Home > Covest Banc > Income and Expense

Covest Banc, Income and Expense

2003-12-31 (YTD Data)		Rank
Total interest income	$32,310,000	872
Total interest expense	$11,373,000	778
Net interest income	$20,937,000	922
Provision for loan and lease losses	$4,866,000	335
Total noninterest income	$4,331,000	1,263
Gross Fiduciary activities income	$0	1,641
Service charges on deposit accounts	$1,279,000	1,353
Trading account gains and fees	$0	160
Additional Noninterest Income	$3,052,000	1,077
Total noninterest expense	$16,773,000	975
Salaries and employee benefits	$9,115,000	938
Premises and equipment expense	$1,842,000	1,221
Additional noninterest expense	$5,816,000	883
Pre-tax net operating income	$3,629,000	2,150
Securities gains (losses)	$-4,000	8,670
Applicable income taxes	$1,290,000	1,834
Income before extraordinary items	$2,335,000	2,527
Extraordinary gains, net	$0	54
Net income	$2,335,000	2,531
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$4,685,000	298
Cash dividends	$2,692,000	1,094
Sale, conversion, retirement of capital stock, net	$0	868
Net operating income	$2,337,560	2,406
2003-09-30 (YTD Data)		Rank
Total interest income	$24,609,000	872
Total interest expense	$8,905,000	778
Net interest income	$15,704,000	938
Provision for loan and lease losses	$676,000	1,258
Total noninterest income	$3,430,000	1,238
Gross Fiduciary activities income	$0	1,599
Service charges on deposit accounts	$975,000	1,333
Trading account gains and fees	$0	153
Additional Noninterest Income	$2,455,000	1,075
Total noninterest expense	$10,319,000	1,183
Salaries and employee benefits	$5,920,000	1,079
Premises and equipment expense	$1,358,000	1,252
Additional noninterest expense	$3,041,000	1,245
Pre-tax net operating income	$8,139,000	828
Securities gains (losses)	$-4,000	8,850
Applicable income taxes	$3,049,000	760
Income before extraordinary items	$5,086,000	991
Extraordinary gains, net	$0	40
Net income	$5,086,000	991
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$756,000	841
Cash dividends	$2,691,000	798
Sale, conversion, retirement of capital stock, net	$0	722
Net operating income	$5,088,560	927
2003-06-30 (YTD Data)		Rank
Total interest income	$16,644,000	879
Total interest expense	$6,140,000	780
Net interest income	$10,504,000	931
Provision for loan and lease losses	$515,000	1,116
Total noninterest income	$2,194,000	1,280
Gross Fiduciary activities income	$0	1,577
Service charges on deposit accounts	$643,000	1,339
Trading account gains and fees	$0	150
Additional Noninterest Income	$1,551,000	1,109
Total noninterest expense	$6,880,000	1,182
Salaries and employee benefits	$3,995,000	1,065
Premises and equipment expense	$923,000	1,236
Additional noninterest expense	$1,962,000	1,267
Pre-tax net operating income	$5,303,000	842
Securities gains (losses)	$-4,000	8,976
Applicable income taxes	$2,012,000	762
Income before extraordinary items	$3,287,000	1,018
Extraordinary gains, net	$0	30
Net income	$3,287,000	1,019
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$596,000	759
Cash dividends	$2,692,000	579
Sale, conversion, retirement of capital stock, net	$0	589
Net operating income	$3,289,560	940
2003-03-31 (YTD Data)		Rank
Total interest income	$8,339,000	888
Total interest expense	$3,196,000	761
Net interest income	$5,143,000	946
Provision for loan and lease losses	$215,000	1,290
Total noninterest income	$964,000	1,371
Gross Fiduciary activities income	$0	1,504
Service charges on deposit accounts	$319,000	1,312
Trading account gains and fees	$0	134
Additional Noninterest Income	$645,000	1,226
Total noninterest expense	$3,479,000	1,155
Salaries and employee benefits	$2,128,000	1,009
Premises and equipment expense	$461,000	1,242
Additional noninterest expense	$890,000	1,359
Pre-tax net operating income	$2,413,000	924
Securities gains (losses)	$0	2,891
Applicable income taxes	$917,000	860
Income before extraordinary items	$1,496,000	1,111
Extraordinary gains, net	$0	21
Net income	$1,496,000	1,110
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$309,000	678
Cash dividends	$1,646,000	444
Sale, conversion, retirement of capital stock, net	$0	419
Net operating income	$1,496,000	1,027
2002-12-31 (YTD Data)		Rank
Total interest income	$36,506,000	824
Total interest expense	$15,224,000	740
Net interest income	$21,282,000	912
Provision for loan and lease losses	$1,053,000	1,288
Total noninterest income	$4,762,000	1,100
Gross Fiduciary activities income	$0	1,713
Service charges on deposit accounts	$1,233,000	1,320
Trading account gains and fees	$0	153
Additional Noninterest Income	$3,529,000	903
Total noninterest expense	$14,248,000	1,088
Salaries and employee benefits	$8,016,000	1,007
Premises and equipment expense	$1,959,000	1,120
Additional noninterest expense	$4,273,000	1,152
Pre-tax net operating income	$10,743,000	810
Securities gains (losses)	$184,000	1,223
Applicable income taxes	$4,101,000	715
Income before extraordinary items	$6,826,000	917
Extraordinary gains, net	$0	70
Net income	$6,826,000	915
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$561,000	1,521
Cash dividends	$6,656,000	487
Sale, conversion, retirement of capital stock, net	$0	862
Net operating income	$6,708,240	892
2001-12-31 (YTD Data)		Rank
Total interest income	$42,787,000	792
Total interest expense	$22,804,000	735
Net interest income	$19,983,000	882
Provision for loan and lease losses	$1,602,000	849
Total noninterest income	$4,442,000	1,094
Gross Fiduciary activities income	$0	1,731
Service charges on deposit accounts	$1,216,000	1,228
Trading account gains and fees	$0	177
Additional Noninterest Income	$3,226,000	890
Total noninterest expense	$13,359,000	1,105
Salaries and employee benefits	$7,268,000	1,024
Premises and equipment expense	$1,926,000	1,104
Additional noninterest expense	$4,165,000	1,148
Pre-tax net operating income	$9,464,000	805
Securities gains (losses)	$-15,000	9,345
Applicable income taxes	$3,455,000	748
Income before extraordinary items	$5,994,000	919
Extraordinary gains, net	$0	105
Net income	$5,994,000	919
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$710,000	1,202
Cash dividends	$6,552,000	491
Sale, conversion, retirement of capital stock, net	$0	922
Net operating income	$6,003,600	876
2000-12-31 (YTD Data)		Rank
Total interest income	$43,808,000	807
Total interest expense	$26,521,000	692
Net interest income	$17,287,000	1,009
Provision for loan and lease losses	$1,010,000	1,049
Total noninterest income	$3,152,000	1,296
Gross Fiduciary activities income	$0	1,332
Service charges on deposit accounts	$840,000	1,652
Trading account gains and fees	$0	180
Additional Noninterest Income	$2,312,000	1,025
Total noninterest expense	$11,955,000	1,166
Salaries and employee benefits	$6,205,000	1,140
Premises and equipment expense	$2,029,000	982
Additional noninterest expense	$3,721,000	1,227
Pre-tax net operating income	$7,474,000	1,016
Securities gains (losses)	$-97,000	9,403
Applicable income taxes	$2,635,000	925
Income before extraordinary items	$4,742,000	1,120
Extraordinary gains, net	$0	38
Net income	$4,742,000	1,121
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$187,000	2,496
Cash dividends	$3,958,000	769
Sale, conversion, retirement of capital stock, net	$0	969
Net operating income	$4,804,080	1,103
1999-12-31 (YTD Data)		Rank
Total interest income	$38,552,000	883
Total interest expense	$22,225,000	731
Net interest income	$16,327,000	1,070
Provision for loan and lease losses	$1,132,000	883
Total noninterest income	$4,641,000	996
Gross Fiduciary activities income	$0	1,380
Service charges on deposit accounts	$850,000	1,548
Trading account gains and fees	$0	173
Additional Noninterest Income	$3,791,000	773
Total noninterest expense	$13,512,000	1,033
Salaries and employee benefits	$6,708,000	1,031
Premises and equipment expense	$2,082,000	970
Additional noninterest expense	$4,722,000	1,001
Pre-tax net operating income	$6,324,000	1,211
Securities gains (losses)	$-20,000	9,544
Applicable income taxes	$2,174,000	1,148
Income before extraordinary items	$4,130,000	1,315
Extraordinary gains, net	$0	35
Net income	$4,130,000	1,315
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$611,000	1,033
Cash dividends	$3,936,000	790
Sale, conversion, retirement of capital stock, net	$0	1,035
Net operating income	$4,143,200	1,291
1998-12-31 (YTD Data)		Rank
Total interest income	$40,937,000	815
Total interest expense	$24,739,000	674
Net interest income	$16,198,000	1,042
Provision for loan and lease losses	$1,567,000	685
Total noninterest income	$5,514,000	870
Gross Fiduciary activities income	$0	1,398
Service charges on deposit accounts	$840,000	1,501
Trading account gains and fees	$0	224
Additional Noninterest Income	$4,674,000	679
Total noninterest expense	$14,127,000	962
Salaries and employee benefits	$7,545,000	872
Premises and equipment expense	$2,047,000	944
Additional noninterest expense	$4,535,000	1,014
Pre-tax net operating income	$6,018,000	1,250
Securities gains (losses)	$171,000	990
Applicable income taxes	$2,186,000	1,154
Income before extraordinary items	$4,003,000	1,323
Extraordinary gains, net	$0	32
Net income	$4,003,000	1,323
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,230,000	647
Cash dividends	$4,000,000	765
Sale, conversion, retirement of capital stock, net	$0	1,027
Net operating income	$3,891,850	1,308
1997-12-31 (YTD Data)		Rank
Total interest income	$39,330,000	875
Total interest expense	$23,913,000	700
Net interest income	$15,417,000	1,144
Provision for loan and lease losses	$4,072,000	359
Total noninterest income	$2,591,000	1,444
Gross Fiduciary activities income	$0	1,450
Service charges on deposit accounts	$842,000	1,547
Trading account gains and fees	$0	239
Additional Noninterest Income	$1,749,000	1,197
Total noninterest expense	$10,942,000	1,212
Salaries and employee benefits	$5,463,000	1,207
Premises and equipment expense	$1,750,000	1,144
Additional noninterest expense	$3,729,000	1,184
Pre-tax net operating income	$2,994,000	2,502
Securities gains (losses)	$98,000	990
Applicable income taxes	$887,000	2,689
Income before extraordinary items	$2,205,000	2,361
Extraordinary gains, net	$0	44
Net income	$2,205,000	2,361
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,517,000	600
Cash dividends	$2,000,000	1,293
Sale, conversion, retirement of capital stock, net	$0	1,030
Net operating income	$2,135,420	2,374
1996-12-31 (YTD Data)		Rank
Total interest income	$42,168,000	836
Total interest expense	$29,241,000	630
Net interest income	$12,927,000	1,388
Provision for loan and lease losses	$1,397,000	799
Total noninterest income	$1,964,000	1,868
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	NA	NA
Trading account gains and fees	$0	262
Additional Noninterest Income	$1,964,000	1,168
Total noninterest expense	$13,698,000	1,086
Salaries and employee benefits	$4,991,000	1,353
Premises and equipment expense	$2,746,000	794
Additional noninterest expense	$5,961,000	994
Pre-tax net operating income	$-204,000	11,074
Securities gains (losses)	$2,559,000	130
Applicable income taxes	$622,000	3,482
Income before extraordinary items	$1,733,000	2,808
Extraordinary gains, net	$0	53
Net income	$1,733,000	2,810
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,352,000	742
Cash dividends	$10,000,000	418
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$-160,660	11,030
1995-12-31 (YTD Data)		Rank
Total interest income	$40,589,000	892
Total interest expense	$26,729,000	694
Net interest income	$13,860,000	1,301
Provision for loan and lease losses	$649,000	1,275
Total noninterest income	$1,558,000	2,227
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	NA	NA
Trading account gains and fees	$0	522
Additional Noninterest Income	$1,558,000	1,350
Total noninterest expense	$10,553,000	1,340
Salaries and employee benefits	$5,137,000	1,296
Premises and equipment expense	$2,972,000	769
Additional noninterest expense	$2,444,000	2,037
Pre-tax net operating income	$4,216,000	1,748
Securities gains (losses)	$-62,000	11,287
Applicable income taxes	$1,425,000	1,720
Income before extraordinary items	$2,729,000	1,847
Extraordinary gains, net	$0	65
Net income	$2,729,000	1,845
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$786,000	1,043
Cash dividends	$5,000,000	632
Sale, conversion, retirement of capital stock, net	NA	NA
Net operating income	$2,769,920	1,797
1994-12-31 (YTD Data)		Rank
Total interest income	$30,490,000	1,037
Total interest expense	$16,314,000	849
Net interest income	$14,176,000	1,277
Provision for loan and lease losses	$337,000	2,083
Total noninterest income	$1,332,000	2,524
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	NA	NA
Trading account gains and fees	$0	475
Additional Noninterest Income	$1,332,000	1,511
Total noninterest expense	$9,283,000	1,578
Salaries and employee benefits	$4,518,000	1,486
Premises and equipment expense	$2,210,000	966
Additional noninterest expense	$2,555,000	2,103
Pre-tax net operating income	$5,888,000	1,271
Securities gains (losses)	$-50,000	11,027
Applicable income taxes	$2,069,000	1,174
Income before extraordinary items	$3,769,000	1,329
Extraordinary gains, net	$0	249
Net income	$3,769,000	1,331
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$420,000	1,538
Cash dividends	$3,500,000	715
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$3,801,500	1,335
1993-12-31 (YTD Data)		Rank
Total interest income	$28,223,000	1,131
Total interest expense	$13,754,000	986
Net interest income	$14,469,000	1,251
Provision for loan and lease losses	$118,000	5,382
Total noninterest income	$930,000	3,539
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	NA	NA
Trading account gains and fees	$0	532
Additional Noninterest Income	$930,000	2,141
Total noninterest expense	$7,787,000	1,905
Salaries and employee benefits	$4,596,000	1,472
Premises and equipment expense	$1,583,000	1,347
Additional noninterest expense	$1,608,000	3,298
Pre-tax net operating income	$7,494,000	959
Securities gains (losses)	$-33,000	13,027
Applicable income taxes	$2,506,000	1,003
Income before extraordinary items	$4,955,000	1,042
Extraordinary gains, net	$0	3,149
Net income	$4,955,000	1,073
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$78,000	5,088
Cash dividends	$2,806,000	765
Sale, conversion, retirement of capital stock, net	$174,000	807
Net operating income	$4,976,780	971
1992-12-31 (YTD Data)		Rank
Total interest income	$29,965,000	1,224
Total interest expense	$17,486,000	1,037
Net interest income	$12,479,000	1,482
Provision for loan and lease losses	$105,000	7,133
Total noninterest income	$529,000	5,427
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	NA	NA
Trading account gains and fees	$0	504
Additional Noninterest Income	$529,000	3,070
Total noninterest expense	$6,803,000	2,160
Salaries and employee benefits	$4,068,000	1,628
Premises and equipment expense	$1,461,000	1,469
Additional noninterest expense	$1,274,000	4,114
Pre-tax net operating income	$6,100,000	1,071
Securities gains (losses)	$0	8,369
Applicable income taxes	$2,242,000	1,027
Income before extraordinary items	$3,858,000	1,214
Extraordinary gains, net	$0	1,422
Net income	$3,858,000	1,218
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$45,000	7,780
Cash dividends	$0	8,912
Sale, conversion, retirement of capital stock, net	$15,474,000	66
Net operating income	$3,858,000	1,123

* 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.