Home > First Massachusetts Bank > Income and Expense
First Massachusetts Bank, Income and Expense
| 2001-12-31 (YTD Data) | Rank | |
| Total interest income | $424,074,000 | 144 |
| Total interest expense | $204,171,000 | 142 |
| Net interest income | $219,903,000 | 139 |
| Provision for loan and lease losses | $18,070,000 | 170 |
| Total noninterest income | $58,777,000 | 212 |
| Gross Fiduciary activities income | $2,626,000 | 245 |
| Service charges on deposit accounts | $23,938,000 | 109 |
| Trading account gains and fees | $0 | 177 |
| Additional Noninterest Income | $32,213,000 | 231 |
| Total noninterest expense | $161,460,000 | 160 |
| Salaries and employee benefits | $50,993,000 | 179 |
| Premises and equipment expense | $21,066,000 | 142 |
| Additional noninterest expense | $89,401,000 | 145 |
| Pre-tax net operating income | $99,150,000 | 157 |
| Securities gains (losses) | $1,496,000 | 304 |
| Applicable income taxes | $33,595,000 | 161 |
| Income before extraordinary items | $67,051,000 | 160 |
| Extraordinary gains, net | $-1,291,000 | 9,577 |
| Net income | $65,760,000 | 162 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $8,288,000 | 232 |
| Cash dividends | $18,374,000 | 247 |
| Sale, conversion, retirement of capital stock, net | $0 | 922 |
| Net operating income | $66,048,680 | 157 |
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $422,987,000 | 148 |
| Total interest expense | $243,147,000 | 140 |
| Net interest income | $179,840,000 | 163 |
| Provision for loan and lease losses | $3,325,000 | 427 |
| Total noninterest income | $67,150,000 | 191 |
| Gross Fiduciary activities income | $2,989,000 | 224 |
| Service charges on deposit accounts | $20,087,000 | 117 |
| Trading account gains and fees | $-17,000 | 4,496 |
| Additional Noninterest Income | $44,091,000 | 182 |
| Total noninterest expense | $169,509,000 | 162 |
| Salaries and employee benefits | $48,189,000 | 184 |
| Premises and equipment expense | $20,837,000 | 148 |
| Additional noninterest expense | $100,483,000 | 137 |
| Pre-tax net operating income | $74,156,000 | 174 |
| Securities gains (losses) | $-8,973,000 | 9,857 |
| Applicable income taxes | $22,451,000 | 184 |
| Income before extraordinary items | $42,732,000 | 190 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $42,732,000 | 189 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $6,004,000 | 246 |
| Cash dividends | $6,940,000 | 496 |
| Sale, conversion, retirement of capital stock, net | $0 | 969 |
| Net operating income | $48,654,180 | 177 |
| 1999-12-31 (YTD Data) | Rank | |
| Total interest income | $70,174,000 | 529 |
| Total interest expense | $29,629,000 | 565 |
| Net interest income | $40,545,000 | 488 |
| Provision for loan and lease losses | $1,870,000 | 596 |
| Total noninterest income | $7,997,000 | 704 |
| Gross Fiduciary activities income | $0 | 1,380 |
| Service charges on deposit accounts | $3,312,000 | 416 |
| Trading account gains and fees | $23,000 | 144 |
| Additional Noninterest Income | $4,662,000 | 680 |
| Total noninterest expense | $36,560,000 | 467 |
| Salaries and employee benefits | $9,835,000 | 711 |
| Premises and equipment expense | $4,190,000 | 543 |
| Additional noninterest expense | $22,535,000 | 334 |
| Pre-tax net operating income | $10,112,000 | 815 |
| Securities gains (losses) | $90,000 | 777 |
| Applicable income taxes | $2,245,000 | 1,110 |
| Income before extraordinary items | $7,957,000 | 742 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $7,957,000 | 742 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $865,000 | 785 |
| Cash dividends | $400,000 | 3,903 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,035 |
| Net operating income | $7,886,800 | 732 |
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $58,400,000 | 609 |
| Total interest expense | $29,420,000 | 584 |
| Net interest income | $28,980,000 | 618 |
| Provision for loan and lease losses | $1,830,000 | 619 |
| Total noninterest income | $3,947,000 | 1,096 |
| Gross Fiduciary activities income | $0 | 1,398 |
| Service charges on deposit accounts | $1,984,000 | 616 |
| Trading account gains and fees | $8,000 | 199 |
| Additional Noninterest Income | $1,955,000 | 1,180 |
| Total noninterest expense | $26,456,000 | 586 |
| Salaries and employee benefits | $6,301,000 | 1,038 |
| Premises and equipment expense | $2,308,000 | 847 |
| Additional noninterest expense | $17,847,000 | 380 |
| Pre-tax net operating income | $4,641,000 | 1,597 |
| Securities gains (losses) | $115,000 | 1,193 |
| Applicable income taxes | $1,224,000 | 1,961 |
| Income before extraordinary items | $3,532,000 | 1,497 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $3,532,000 | 1,496 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $702,000 | 972 |
| Cash dividends | $2,200,000 | 1,235 |
| Sale, conversion, retirement of capital stock, net | $26,000,000 | 38 |
| Net operating income | $3,446,900 | 1,469 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $53,218,000 | 668 |
| Total interest expense | $25,728,000 | 651 |
| Net interest income | $27,490,000 | 657 |
| Provision for loan and lease losses | $2,565,000 | 481 |
| Total noninterest income | $2,838,000 | 1,338 |
| Gross Fiduciary activities income | $0 | 1,450 |
| Service charges on deposit accounts | $1,886,000 | 675 |
| Trading account gains and fees | $0 | 239 |
| Additional Noninterest Income | $952,000 | 1,798 |
| Total noninterest expense | $22,597,000 | 671 |
| Salaries and employee benefits | $5,530,000 | 1,188 |
| Premises and equipment expense | $2,069,000 | 966 |
| Additional noninterest expense | $14,998,000 | 414 |
| Pre-tax net operating income | $5,166,000 | 1,499 |
| Securities gains (losses) | $0 | 3,944 |
| Applicable income taxes | $1,670,000 | 1,549 |
| Income before extraordinary items | $3,496,000 | 1,538 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $3,496,000 | 1,539 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,039,000 | 783 |
| Cash dividends | $1,585,000 | 1,555 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $3,496,000 | 1,503 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $37,903,000 | 922 |
| Total interest expense | $14,533,000 | 1,122 |
| Net interest income | $23,370,000 | 797 |
| Provision for loan and lease losses | $3,368,000 | 429 |
| Total noninterest income | $2,285,000 | 1,653 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $1,548,000 | 852 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $737,000 | 2,214 |
| Total noninterest expense | $21,753,000 | 738 |
| Salaries and employee benefits | $5,295,000 | 1,265 |
| Premises and equipment expense | $1,502,000 | 1,362 |
| Additional noninterest expense | $14,956,000 | 495 |
| Pre-tax net operating income | $534,000 | 7,757 |
| Securities gains (losses) | $7,000 | 2,762 |
| Applicable income taxes | $283,000 | 6,032 |
| Income before extraordinary items | $258,000 | 8,769 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $258,000 | 8,768 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,204,000 | 801 |
| Cash dividends | $0 | 8,336 |
| Sale, conversion, retirement of capital stock, net | $77,830,000 | 8 |
| Net operating income | $253,520 | 8,743 |
* 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.