Franklin National Bank of Washington, D.C., Income and Expense

1998-12-31 (YTD Data)Rank
Total interest income$47,201,000715
Total interest expense$19,944,000812
Net interest income$27,257,000661
Provision for loan and lease losses$1,885,000602
Total noninterest income$2,903,0001,381
Gross Fiduciary activities income$01,398
Service charges on deposit accounts$1,720,000725
Trading account gains and fees$0224
Additional Noninterest Income$1,183,0001,643
Total noninterest expense$21,512,000694
Salaries and employee benefits$8,250,000803
Premises and equipment expense$4,262,000518
Additional noninterest expense$9,000,000629
Pre-tax net operating income$6,763,0001,116
Securities gains (losses)$-132,00010,405
Applicable income taxes$2,332,0001,079
Income before extraordinary items$4,299,0001,241
Extraordinary gains, net$032
Net income$4,299,0001,241
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$895,000828
Cash dividends$07,473
Sale, conversion, retirement of capital stock, net$01,027
Net operating income$4,384,8001,178
1997-12-31 (YTD Data)Rank
Total interest income$35,986,000954
Total interest expense$14,329,0001,132
Net interest income$21,657,000834
Provision for loan and lease losses$484,0001,822
Total noninterest income$2,271,0001,593
Gross Fiduciary activities income$01,450
Service charges on deposit accounts$1,389,000916
Trading account gains and fees$0239
Additional Noninterest Income$882,0001,898
Total noninterest expense$13,696,0001,000
Salaries and employee benefits$7,312,000909
Premises and equipment expense$2,968,000699
Additional noninterest expense$3,416,0001,284
Pre-tax net operating income$9,748,000836
Securities gains (losses)$48,0001,362
Applicable income taxes$3,612,000794
Income before extraordinary items$6,184,000893
Extraordinary gains, net$044
Net income$6,184,000895
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$134,0003,231
Cash dividends$07,871
Sale, conversion, retirement of capital stock, net$01,030
Net operating income$6,153,280874
1996-12-31 (YTD Data)Rank
Total interest income$29,472,0001,169
Total interest expense$11,058,0001,458
Net interest income$18,414,000996
Provision for loan and lease losses$27,0007,576
Total noninterest income$1,614,0002,175
Gross Fiduciary activities income$01,526
Service charges on deposit accounts$1,062,0001,257
Trading account gains and fees$0262
Additional Noninterest Income$552,0002,723
Total noninterest expense$12,338,0001,183
Salaries and employee benefits$6,480,0001,033
Premises and equipment expense$2,561,000853
Additional noninterest expense$3,297,0001,593
Pre-tax net operating income$7,663,000991
Securities gains (losses)$31,0001,673
Applicable income taxes$2,858,000908
Income before extraordinary items$4,836,0001,073
Extraordinary gains, net$053
Net income$4,836,0001,074
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-371,00011,401
Cash dividends$08,336
Sale, conversion, retirement of capital stock, net$0953
Net operating income$4,816,1601,059
1995-12-31 (YTD Data)Rank
Total interest income$20,782,0001,627
Total interest expense$7,586,0002,067
Net interest income$13,196,0001,361
Provision for loan and lease losses$130,0003,931
Total noninterest income$1,191,0002,742
Gross Fiduciary activities income$01,590
Service charges on deposit accounts$840,0001,605
Trading account gains and fees$0522
Additional Noninterest Income$351,0003,609
Total noninterest expense$8,530,0001,652
Salaries and employee benefits$4,445,0001,493
Premises and equipment expense$1,680,0001,236
Additional noninterest expense$2,405,0002,063
Pre-tax net operating income$5,727,0001,336
Securities gains (losses)$54,0001,255
Applicable income taxes$2,253,0001,140
Income before extraordinary items$3,528,0001,459
Extraordinary gains, net$065
Net income$3,528,0001,456
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-317,00011,904
Cash dividends$08,717
Sale, conversion, retirement of capital stock, net$0809
Net operating income$3,493,4401,455
1994-12-31 (YTD Data)Rank
Total interest income$15,685,0001,963
Total interest expense$5,173,0002,384
Net interest income$10,512,0001,716
Provision for loan and lease losses$365,0001,949
Total noninterest income$889,0003,394
Gross Fiduciary activities income$01,599
Service charges on deposit accounts$600,0002,275
Trading account gains and fees$0475
Additional Noninterest Income$289,0004,192
Total noninterest expense$7,474,0001,925
Salaries and employee benefits$3,823,0001,755
Premises and equipment expense$1,291,0001,598
Additional noninterest expense$2,360,0002,239
Pre-tax net operating income$3,562,0002,005
Securities gains (losses)$128,000673
Applicable income taxes$1,056,0002,116
Income before extraordinary items$2,634,0001,849
Extraordinary gains, net$0249
Net income$2,634,0001,847
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$61,0004,717
Cash dividends$08,932
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$2,543,1201,908
1993-12-31 (YTD Data)Rank
Total interest income$12,518,0002,465
Total interest expense$4,365,0002,924
Net interest income$8,153,0002,204
Provision for loan and lease losses$1,082,0001,231
Total noninterest income$550,0005,250
Gross Fiduciary activities income$01,630
Service charges on deposit accounts$408,0003,378
Trading account gains and fees$0532
Additional Noninterest Income$142,0006,740
Total noninterest expense$6,544,0002,219
Salaries and employee benefits$2,998,0002,215
Premises and equipment expense$1,100,0001,887
Additional noninterest expense$2,446,0002,283
Pre-tax net operating income$1,077,0005,586
Securities gains (losses)$222,0001,577
Applicable income taxes$-166,00013,015
Income before extraordinary items$1,465,0003,311
Extraordinary gains, net$03,149
Net income$1,465,0003,411
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$1,635,000819
Cash dividends$09,081
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$1,243,0003,669
1992-12-31 (YTD Data)Rank
Total interest income$10,603,0003,303
Total interest expense$4,498,0003,652
Net interest income$6,105,0002,996
Provision for loan and lease losses$2,002,0001,146
Total noninterest income$377,0006,765
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$343,0003,981
Trading account gains and feesNANA
Additional Noninterest Income$34,00011,488
Total noninterest expense$4,381,0003,238
Salaries and employee benefits$2,034,0003,174
Premises and equipment expense$823,0002,516
Additional noninterest expense$1,524,0003,551
Pre-tax net operating income$99,00012,031
Securities gains (losses)$26,0005,197
Applicable income taxes$012,680
Income before extraordinary items$125,00011,619
Extraordinary gains, net$175,000492
Net income$300,0009,472
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$830,0001,769
Cash dividends$08,912
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$99,00011,662

* 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.