Home > Essex Savings Bank, F.S.B. > Income and Expense
Essex Savings Bank, F.S.B., Income and Expense
| 2004-03-31 (YTD Data) | Rank | |
| Total interest income | $2,845,000 | 2,460 |
| Total interest expense | $1,511,000 | 1,325 |
| Net interest income | $1,334,000 | 3,580 |
| Provision for loan and lease losses | $56,000 | 3,163 |
| Total noninterest income | $263,000 | 3,400 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 121 |
| Additional Noninterest Income | $263,000 | 2,050 |
| Total noninterest expense | $3,402,000 | 1,192 |
| Salaries and employee benefits | $2,120,000 | 1,016 |
| Premises and equipment expense | $425,000 | 1,373 |
| Additional noninterest expense | $857,000 | 1,406 |
| Pre-tax net operating income | $-1,861,000 | 9,099 |
| Securities gains (losses) | $95,000 | 832 |
| Applicable income taxes | $-670,000 | 9,098 |
| Income before extraordinary items | $-1,096,000 | 9,093 |
| Extraordinary gains, net | $0 | 16 |
| Net income | $-1,096,000 | 9,093 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $210,000 | 792 |
| Cash dividends | $2,438,000 | 326 |
| Sale, conversion, retirement of capital stock, net | $0 | 464 |
| Net operating income | $-1,156,800 | 9,083 |
| 2003-12-31 (YTD Data) | Rank | |
| Total interest income | $14,519,000 | 1,953 |
| Total interest expense | $6,009,000 | 1,476 |
| Net interest income | $8,510,000 | 2,281 |
| Provision for loan and lease losses | $435,000 | 2,424 |
| Total noninterest income | $6,521,000 | 917 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 160 |
| Additional Noninterest Income | $6,521,000 | 617 |
| Total noninterest expense | $12,968,000 | 1,248 |
| Salaries and employee benefits | $7,413,000 | 1,147 |
| Premises and equipment expense | $2,359,000 | 963 |
| Additional noninterest expense | $3,196,000 | 1,545 |
| Pre-tax net operating income | $1,628,000 | 3,909 |
| Securities gains (losses) | $1,270,000 | 399 |
| Applicable income taxes | $1,203,000 | 1,933 |
| Income before extraordinary items | $1,695,000 | 3,242 |
| Extraordinary gains, net | $0 | 54 |
| Net income | $1,695,000 | 3,243 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $482,000 | 1,652 |
| Cash dividends | $422,000 | 3,839 |
| Sale, conversion, retirement of capital stock, net | $0 | 868 |
| Net operating income | $882,200 | 4,819 |
| 2003-09-30 (YTD Data) | Rank | |
| Total interest income | $10,961,000 | 1,969 |
| Total interest expense | $4,594,000 | 1,513 |
| Net interest income | $6,367,000 | 2,292 |
| Provision for loan and lease losses | $386,000 | 2,078 |
| Total noninterest income | $4,485,000 | 1,012 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 153 |
| Additional Noninterest Income | $4,485,000 | 694 |
| Total noninterest expense | $9,035,000 | 1,349 |
| Salaries and employee benefits | $5,560,000 | 1,153 |
| Premises and equipment expense | $1,752,000 | 985 |
| Additional noninterest expense | $1,723,000 | 2,088 |
| Pre-tax net operating income | $1,431,000 | 3,613 |
| Securities gains (losses) | $1,095,000 | 419 |
| Applicable income taxes | $962,000 | 1,916 |
| Income before extraordinary items | $1,564,000 | 2,877 |
| Extraordinary gains, net | $0 | 40 |
| Net income | $1,564,000 | 2,877 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $317,000 | 1,652 |
| Cash dividends | $325,000 | 3,358 |
| Sale, conversion, retirement of capital stock, net | $0 | 722 |
| Net operating income | $863,200 | 4,237 |
| 2003-06-30 (YTD Data) | Rank | |
| Total interest income | $7,473,000 | 1,951 |
| Total interest expense | $3,119,000 | 1,547 |
| Net interest income | $4,354,000 | 2,237 |
| Provision for loan and lease losses | $279,000 | 1,960 |
| Total noninterest income | $2,621,000 | 1,113 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 150 |
| Additional Noninterest Income | $2,621,000 | 747 |
| Total noninterest expense | $5,896,000 | 1,369 |
| Salaries and employee benefits | $3,615,000 | 1,186 |
| Premises and equipment expense | $1,152,000 | 998 |
| Additional noninterest expense | $1,129,000 | 2,118 |
| Pre-tax net operating income | $800,000 | 4,055 |
| Securities gains (losses) | $837,000 | 414 |
| Applicable income taxes | $624,000 | 1,990 |
| Income before extraordinary items | $1,013,000 | 2,948 |
| Extraordinary gains, net | $0 | 30 |
| Net income | $1,013,000 | 2,947 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $85,000 | 2,734 |
| Cash dividends | $215,000 | 3,366 |
| Sale, conversion, retirement of capital stock, net | $0 | 589 |
| Net operating income | $477,320 | 4,709 |
| 2003-03-31 (YTD Data) | Rank | |
| Total interest income | $3,733,000 | 1,958 |
| Total interest expense | $1,582,000 | 1,562 |
| Net interest income | $2,151,000 | 2,259 |
| Provision for loan and lease losses | $100,000 | 2,353 |
| Total noninterest income | $1,272,000 | 1,106 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 134 |
| Additional Noninterest Income | $1,272,000 | 747 |
| Total noninterest expense | $2,890,000 | 1,389 |
| Salaries and employee benefits | $1,750,000 | 1,222 |
| Premises and equipment expense | $578,000 | 996 |
| Additional noninterest expense | $562,000 | 2,096 |
| Pre-tax net operating income | $433,000 | 3,852 |
| Securities gains (losses) | $351,000 | 459 |
| Applicable income taxes | $299,000 | 2,063 |
| Income before extraordinary items | $485,000 | 3,021 |
| Extraordinary gains, net | $0 | 21 |
| Net income | $485,000 | 3,019 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $78,000 | 1,736 |
| Cash dividends | $120,000 | 2,744 |
| Sale, conversion, retirement of capital stock, net | $0 | 419 |
| Net operating income | $260,360 | 4,403 |
| 2002-12-31 (YTD Data) | Rank | |
| Total interest income | $16,483,000 | 1,869 |
| Total interest expense | $8,443,000 | 1,332 |
| Net interest income | $8,040,000 | 2,387 |
| Provision for loan and lease losses | $235,000 | 4,028 |
| Total noninterest income | $3,978,000 | 1,256 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 153 |
| Additional Noninterest Income | $3,978,000 | 809 |
| Total noninterest expense | $10,133,000 | 1,527 |
| Salaries and employee benefits | $6,026,000 | 1,349 |
| Premises and equipment expense | $2,027,000 | 1,087 |
| Additional noninterest expense | $2,080,000 | 2,222 |
| Pre-tax net operating income | $1,650,000 | 3,859 |
| Securities gains (losses) | $1,109,000 | 394 |
| Applicable income taxes | $74,000 | 6,227 |
| Income before extraordinary items | $2,685,000 | 2,224 |
| Extraordinary gains, net | $0 | 70 |
| Net income | $2,685,000 | 2,223 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $225,000 | 2,832 |
| Cash dividends | $256,000 | 4,559 |
| Sale, conversion, retirement of capital stock, net | $0 | 862 |
| Net operating income | $1,609,270 | 3,223 |
| 2001-12-31 (YTD Data) | Rank | |
| Total interest income | $20,758,000 | 1,636 |
| Total interest expense | $13,889,000 | 1,165 |
| Net interest income | $6,869,000 | 2,606 |
| Provision for loan and lease losses | $374,000 | 2,763 |
| Total noninterest income | $2,962,000 | 1,487 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 177 |
| Additional Noninterest Income | $2,962,000 | 954 |
| Total noninterest expense | $9,207,000 | 1,590 |
| Salaries and employee benefits | $5,270,000 | 1,442 |
| Premises and equipment expense | $1,747,000 | 1,216 |
| Additional noninterest expense | $2,190,000 | 2,057 |
| Pre-tax net operating income | $250,000 | 7,634 |
| Securities gains (losses) | $741,000 | 483 |
| Applicable income taxes | $380,000 | 3,832 |
| Income before extraordinary items | $611,000 | 5,572 |
| Extraordinary gains, net | $0 | 105 |
| Net income | $611,000 | 5,576 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $328,000 | 2,106 |
| Cash dividends | $0 | 6,617 |
| Sale, conversion, retirement of capital stock, net | $0 | 922 |
| Net operating income | $136,760 | 8,005 |
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $21,894,000 | 1,575 |
| Total interest expense | $14,574,000 | 1,189 |
| Net interest income | $7,320,000 | 2,423 |
| Provision for loan and lease losses | $740,000 | 1,352 |
| Total noninterest income | $2,741,000 | 1,460 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 180 |
| Additional Noninterest Income | $2,741,000 | 911 |
| Total noninterest expense | $8,281,000 | 1,683 |
| Salaries and employee benefits | $4,573,000 | 1,552 |
| Premises and equipment expense | $1,685,000 | 1,200 |
| Additional noninterest expense | $2,023,000 | 2,131 |
| Pre-tax net operating income | $1,040,000 | 5,160 |
| Securities gains (losses) | $178,000 | 437 |
| Applicable income taxes | $-2,704,000 | 9,869 |
| Income before extraordinary items | $3,922,000 | 1,345 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $3,922,000 | 1,347 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $432,000 | 1,389 |
| Cash dividends | $0 | 6,853 |
| Sale, conversion, retirement of capital stock, net | $0 | 969 |
| Net operating income | $3,744,000 | 1,403 |
| 1999-12-31 (YTD Data) | Rank | |
| Total interest income | $17,214,000 | 1,894 |
| Total interest expense | $11,202,000 | 1,336 |
| Net interest income | $6,012,000 | 2,928 |
| Provision for loan and lease losses | $150,000 | 4,234 |
| Total noninterest income | $2,678,000 | 1,489 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 173 |
| Additional Noninterest Income | $2,678,000 | 965 |
| Total noninterest expense | $8,143,000 | 1,691 |
| Salaries and employee benefits | $4,094,000 | 1,683 |
| Premises and equipment expense | $1,607,000 | 1,266 |
| Additional noninterest expense | $2,442,000 | 1,808 |
| Pre-tax net operating income | $397,000 | 7,614 |
| Securities gains (losses) | $403,000 | 387 |
| Applicable income taxes | $-1,389,000 | 10,186 |
| Income before extraordinary items | $2,189,000 | 2,380 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $2,189,000 | 2,381 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $380,000 | 1,509 |
| Cash dividends | $0 | 7,131 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,035 |
| Net operating income | $1,786,000 | 2,794 |
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $15,205,000 | 2,140 |
| Total interest expense | $9,777,000 | 1,568 |
| Net interest income | $5,428,000 | 3,166 |
| Provision for loan and lease losses | $15,000 | 7,946 |
| Total noninterest income | $1,881,000 | 1,921 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 224 |
| Additional Noninterest Income | $1,881,000 | 1,210 |
| Total noninterest expense | $7,437,000 | 1,758 |
| Salaries and employee benefits | $3,566,000 | 1,870 |
| Premises and equipment expense | $1,592,000 | 1,209 |
| Additional noninterest expense | $2,279,000 | 1,852 |
| Pre-tax net operating income | $-143,000 | 9,951 |
| Securities gains (losses) | $610,000 | 494 |
| Applicable income taxes | $-517,000 | 10,395 |
| Income before extraordinary items | $984,000 | 4,578 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $984,000 | 4,577 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $312,000 | 1,807 |
| Cash dividends | $0 | 7,473 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,027 |
| Net operating income | $374,000 | 7,305 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $14,310,000 | 2,280 |
| Total interest expense | $9,221,000 | 1,688 |
| Net interest income | $5,089,000 | 3,434 |
| Provision for loan and lease losses | $168,000 | 3,892 |
| Total noninterest income | $1,869,000 | 1,870 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 239 |
| Additional Noninterest Income | $1,869,000 | 1,152 |
| Total noninterest expense | $7,111,000 | 1,822 |
| Salaries and employee benefits | $3,271,000 | 2,010 |
| Premises and equipment expense | $1,632,000 | 1,213 |
| Additional noninterest expense | $2,208,000 | 1,923 |
| Pre-tax net operating income | $-321,000 | 10,647 |
| Securities gains (losses) | $414,000 | 476 |
| Applicable income taxes | $0 | 10,065 |
| Income before extraordinary items | $93,000 | 10,002 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $93,000 | 10,004 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $199,000 | 2,561 |
| Cash dividends | $108,000 | 6,383 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $-321,000 | 10,662 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $19,504,000 | 1,732 |
| Total interest expense | $13,753,000 | 1,191 |
| Net interest income | $5,751,000 | 3,075 |
| Provision for loan and lease losses | $1,419,000 | 784 |
| Total noninterest income | $4,868,000 | 967 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $4,868,000 | 658 |
| Total noninterest expense | $16,266,000 | 940 |
| Salaries and employee benefits | $4,665,000 | 1,441 |
| Premises and equipment expense | $2,205,000 | 962 |
| Additional noninterest expense | $9,396,000 | 707 |
| Pre-tax net operating income | $-7,066,000 | 11,456 |
| Securities gains (losses) | $-566,000 | 11,375 |
| Applicable income taxes | $0 | 10,572 |
| Income before extraordinary items | $-7,632,000 | 11,436 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $-7,632,000 | 11,436 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $4,032,000 | 386 |
| Cash dividends | $0 | 8,336 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $-7,066,000 | 11,435 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $25,409,000 | 1,343 |
| Total interest expense | $17,769,000 | 971 |
| Net interest income | $7,640,000 | 2,346 |
| Provision for loan and lease losses | $2,417,000 | 514 |
| Total noninterest income | $2,606,000 | 1,492 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 522 |
| Additional Noninterest Income | $2,606,000 | 963 |
| Total noninterest expense | $12,711,000 | 1,160 |
| Salaries and employee benefits | $5,023,000 | 1,319 |
| Premises and equipment expense | $2,502,000 | 873 |
| Additional noninterest expense | $5,186,000 | 1,089 |
| Pre-tax net operating income | $-4,882,000 | 11,963 |
| Securities gains (losses) | $492,000 | 360 |
| Applicable income taxes | $-13,000 | 11,526 |
| Income before extraordinary items | $-4,377,000 | 11,941 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $-4,377,000 | 11,937 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,346,000 | 730 |
| Cash dividends | $118,000 | 6,537 |
| Sale, conversion, retirement of capital stock, net | NA | NA |
| Net operating income | $-4,869,000 | 11,940 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $22,201,000 | 1,394 |
| Total interest expense | $14,797,000 | 924 |
| Net interest income | $7,404,000 | 2,442 |
| Provision for loan and lease losses | $1,604,000 | 666 |
| Total noninterest income | $1,565,000 | 2,219 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $1,565,000 | 1,340 |
| Total noninterest expense | $11,843,000 | 1,254 |
| Salaries and employee benefits | $4,222,000 | 1,580 |
| Premises and equipment expense | $1,801,000 | 1,171 |
| Additional noninterest expense | $5,820,000 | 1,035 |
| Pre-tax net operating income | $-4,478,000 | 12,575 |
| Securities gains (losses) | $861,000 | 185 |
| Applicable income taxes | $0 | 11,630 |
| Income before extraordinary items | $-3,617,000 | 12,539 |
| Extraordinary gains, net | $179,000 | 71 |
| Net income | $-3,438,000 | 12,531 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,224,000 | 770 |
| Cash dividends | $0 | 8,932 |
| Sale, conversion, retirement of capital stock, net | $100,000 | 806 |
| Net operating income | $-4,478,000 | 12,548 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $26,894,000 | 1,184 |
| Total interest expense | $17,161,000 | 818 |
| Net interest income | $9,733,000 | 1,852 |
| Provision for loan and lease losses | $1,157,000 | 1,180 |
| Total noninterest income | $1,431,000 | 2,531 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $1,431,000 | 1,608 |
| Total noninterest expense | $14,265,000 | 1,101 |
| Salaries and employee benefits | $4,688,000 | 1,440 |
| Premises and equipment expense | $1,810,000 | 1,179 |
| Additional noninterest expense | $7,767,000 | 912 |
| Pre-tax net operating income | $-4,258,000 | 13,162 |
| Securities gains (losses) | $1,320,000 | 432 |
| Applicable income taxes | $41,000 | 11,139 |
| Income before extraordinary items | $-2,979,000 | 13,131 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $-2,979,000 | 13,128 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,178,000 | 695 |
| Cash dividends | $0 | 9,081 |
| Sale, conversion, retirement of capital stock, net | $3,000,000 | 275 |
| Net operating income | $-4,299,000 | 13,138 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $17,641,000 | 2,016 |
| Total interest expense | $12,775,000 | 1,378 |
| Net interest income | $4,866,000 | 3,743 |
| Provision for loan and lease losses | $1,770,000 | 1,260 |
| Total noninterest income | $1,989,000 | 1,939 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | NA | NA |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $1,989,000 | 1,246 |
| Total noninterest expense | $11,725,000 | 1,349 |
| Salaries and employee benefits | $2,485,000 | 2,616 |
| Premises and equipment expense | $865,000 | 2,388 |
| Additional noninterest expense | $8,375,000 | 888 |
| Pre-tax net operating income | $-6,640,000 | 13,825 |
| Securities gains (losses) | $592,000 | 952 |
| Applicable income taxes | $-14,000 | 13,410 |
| Income before extraordinary items | $-6,036,000 | 13,819 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $-6,036,000 | 13,819 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,675,000 | 1,099 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $-6,628,000 | 13,803 |
* 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.