Home > First Union National Bank of Virginia > Income and Expense

First Union National Bank of Virginia, Income and Expense

1996-12-31 (YTD Data)		Rank
Total interest income	$747,833,000	88
Total interest expense	$373,246,000	90
Net interest income	$374,587,000	90
Provision for loan and lease losses	$-52,000,000	11,452
Total noninterest income	$141,741,000	112
Gross Fiduciary activities income	$24,772,000	84
Service charges on deposit accounts	$46,407,000	70
Trading account gains and fees	$-1,000	4,633
Additional Noninterest Income	$70,563,000	140
Total noninterest expense	$314,236,000	99
Salaries and employee benefits	$133,376,000	84
Premises and equipment expense	$46,399,000	75
Additional noninterest expense	$134,461,000	112
Pre-tax net operating income	$254,092,000	57
Securities gains (losses)	$-806,000	11,395
Applicable income taxes	$87,348,000	60
Income before extraordinary items	$165,938,000	57
Extraordinary gains, net	$0	53
Net income	$165,938,000	56
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$13,840,000	162
Cash dividends	$149,000,000	53
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$166,469,960	55
1995-12-31 (YTD Data)		Rank
Total interest income	$673,911,000	96
Total interest expense	$323,598,000	100
Net interest income	$350,313,000	83
Provision for loan and lease losses	$-6,000,000	11,948
Total noninterest income	$126,493,000	118
Gross Fiduciary activities income	$17,039,000	112
Service charges on deposit accounts	$45,238,000	74
Trading account gains and fees	$203,000	243
Additional Noninterest Income	$64,013,000	133
Total noninterest expense	$329,491,000	84
Salaries and employee benefits	$137,244,000	75
Premises and equipment expense	$49,423,000	71
Additional noninterest expense	$142,824,000	94
Pre-tax net operating income	$153,315,000	97
Securities gains (losses)	$924,000	236
Applicable income taxes	$50,636,000	103
Income before extraordinary items	$103,603,000	101
Extraordinary gains, net	$0	65
Net income	$103,603,000	101
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$28,313,000	96
Cash dividends	$160,000,000	39
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$102,983,920	99
1994-12-31 (YTD Data)		Rank
Total interest income	$556,425,000	97
Total interest expense	$208,315,000	109
Net interest income	$348,110,000	80
Provision for loan and lease losses	$14,329,000	149
Total noninterest income	$124,049,000	111
Gross Fiduciary activities income	$13,787,000	126
Service charges on deposit accounts	$42,675,000	71
Trading account gains and fees	$93,000	239
Additional Noninterest Income	$67,494,000	119
Total noninterest expense	$341,553,000	77
Salaries and employee benefits	$117,213,000	85
Premises and equipment expense	$46,747,000	71
Additional noninterest expense	$177,593,000	76
Pre-tax net operating income	$116,277,000	122
Securities gains (losses)	$-4,847,000	12,547
Applicable income taxes	$34,887,000	137
Income before extraordinary items	$76,543,000	126
Extraordinary gains, net	$0	249
Net income	$76,543,000	126
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$24,918,000	98
Cash dividends	$220,000,000	22
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$79,887,430	120
1993-12-31 (YTD Data)		Rank
Total interest income	$514,649,000	91
Total interest expense	$201,235,000	94
Net interest income	$313,414,000	92
Provision for loan and lease losses	$34,595,000	105
Total noninterest income	$160,192,000	82
Gross Fiduciary activities income	$11,569,000	134
Service charges on deposit accounts	$40,382,000	69
Trading account gains and fees	$-60,000	5,112
Additional Noninterest Income	$108,301,000	74
Total noninterest expense	$337,922,000	74
Salaries and employee benefits	$107,933,000	90
Premises and equipment expense	$26,746,000	126
Additional noninterest expense	$203,243,000	61
Pre-tax net operating income	$101,089,000	118
Securities gains (losses)	$463,000	951
Applicable income taxes	$22,195,000	163
Income before extraordinary items	$79,357,000	114
Extraordinary gains, net	$4,453,000	75
Net income	$83,810,000	106
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$39,537,000	101
Cash dividends	$250,000	4,831
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$78,995,860	102
1992-12-31 (YTD Data)		Rank
Total interest income	$508,922,000	96
Total interest expense	$255,213,000	87
Net interest income	$253,709,000	101
Provision for loan and lease losses	$116,295,000	39
Total noninterest income	$131,449,000	90
Gross Fiduciary activities income	$81,000	1,294
Service charges on deposit accounts	$26,992,000	92
Trading account gains and fees	$1,716,000	118
Additional Noninterest Income	$102,660,000	73
Total noninterest expense	$333,979,000	74
Salaries and employee benefits	$80,482,000	116
Premises and equipment expense	$27,578,000	120
Additional noninterest expense	$225,919,000	50
Pre-tax net operating income	$-65,116,000	13,956
Securities gains (losses)	$15,914,000	83
Applicable income taxes	$-14,201,000	13,922
Income before extraordinary items	$-35,001,000	13,914
Extraordinary gains, net	$0	1,422
Net income	$-35,001,000	13,913
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$107,504,000	52
Cash dividends	$4,269,000	429
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$-46,299,940	13,915

* 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.