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FMB-Sault Bank, Income and Expense

1996-12-31 (YTD Data)Rank
Total interest income$9,873,0003,316
Total interest expense$4,737,0003,155
Net interest income$5,136,0003,460
Provision for loan and lease losses$90,0005,326
Total noninterest income$756,0003,855
Gross Fiduciary activities income$01,526
Service charges on deposit accounts$153,0006,416
Trading account gains and fees$0262
Additional Noninterest Income$603,0002,562
Total noninterest expense$3,548,0003,730
Salaries and employee benefits$2,152,0003,104
Premises and equipment expense$526,0003,629
Additional noninterest expense$870,0004,871
Pre-tax net operating income$2,254,0003,091
Securities gains (losses)$04,148
Applicable income taxes$612,0003,525
Income before extraordinary items$1,642,0002,938
Extraordinary gains, net$053
Net income$1,642,0002,939
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$15,0007,102
Cash dividends$1,800,0001,377
Sale, conversion, retirement of capital stock, net$0953
Net operating income$1,642,0002,899
1995-12-31 (YTD Data)Rank
Total interest income$10,503,0003,156
Total interest expense$5,066,0002,985
Net interest income$5,437,0003,263
Provision for loan and lease losses$30,0007,070
Total noninterest income$860,0003,486
Gross Fiduciary activities income$01,590
Service charges on deposit accounts$169,0006,277
Trading account gains and fees$0522
Additional Noninterest Income$691,0002,311
Total noninterest expense$3,572,0003,669
Salaries and employee benefits$1,984,0003,334
Premises and equipment expense$534,0003,548
Additional noninterest expense$1,054,0004,177
Pre-tax net operating income$2,695,0002,663
Securities gains (losses)$4,0002,936
Applicable income taxes$747,0003,052
Income before extraordinary items$1,952,0002,568
Extraordinary gains, net$065
Net income$1,952,0002,567
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$5,0008,036
Cash dividends$4,125,000734
Sale, conversion, retirement of capital stock, net$0809
Net operating income$1,949,1202,538
1994-12-31 (YTD Data)Rank
Total interest income$10,510,0002,889
Total interest expense$5,010,0002,456
Net interest income$5,500,0003,253
Provision for loan and lease losses$150,0003,586
Total noninterest income$875,0003,433
Gross Fiduciary activities income$01,599
Service charges on deposit accounts$189,0006,086
Trading account gains and fees$0475
Additional Noninterest Income$686,0002,365
Total noninterest expense$4,514,0003,049
Salaries and employee benefits$2,066,0003,185
Premises and equipment expense$594,0003,300
Additional noninterest expense$1,854,0002,747
Pre-tax net operating income$1,711,0003,947
Securities gains (losses)$14,0002,006
Applicable income taxes$366,0005,087
Income before extraordinary items$1,359,0003,450
Extraordinary gains, net$0249
Net income$1,359,0003,457
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-6,00010,519
Cash dividends$800,0002,270
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$1,347,9403,517
1993-12-31 (YTD Data)Rank
Total interest income$10,443,0002,970
Total interest expense$5,118,0002,522
Net interest income$5,325,0003,366
Provision for loan and lease losses$240,0003,470
Total noninterest income$1,135,0003,039
Gross Fiduciary activities income$01,630
Service charges on deposit accounts$229,0005,437
Trading account gains and fees$0532
Additional Noninterest Income$906,0002,187
Total noninterest expense$4,370,0003,201
Salaries and employee benefits$2,165,0003,026
Premises and equipment expense$575,0003,454
Additional noninterest expense$1,630,0003,262
Pre-tax net operating income$1,850,0003,581
Securities gains (losses)$5,0006,132
Applicable income taxes$416,0004,865
Income before extraordinary items$1,439,0003,374
Extraordinary gains, net$03,149
Net income$1,439,0003,481
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$311,0002,419
Cash dividends$1,100,0001,606
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$1,435,1003,197
1992-12-31 (YTD Data)Rank
Total interest income$10,886,0003,221
Total interest expense$5,486,0003,029
Net interest income$5,400,0003,374
Provision for loan and lease losses$285,0004,262
Total noninterest income$1,091,0003,078
Gross Fiduciary activities income$01,658
Service charges on deposit accounts$225,0005,527
Trading account gains and fees$0504
Additional Noninterest Income$866,0002,198
Total noninterest expense$4,395,0003,227
Salaries and employee benefits$2,150,0002,994
Premises and equipment expense$608,0003,312
Additional noninterest expense$1,637,0003,341
Pre-tax net operating income$1,811,0003,411
Securities gains (losses)$22,0005,460
Applicable income taxes$465,0004,242
Income before extraordinary items$1,368,0003,354
Extraordinary gains, net$01,422
Net income$1,368,0003,397
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$47,0007,683
Cash dividends$650,0002,259
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$1,351,5003,153

* 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.