Home > Grove Bank > Income and Expense
Grove Bank, Income and Expense
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $44,910,000 | 802 |
| Total interest expense | $25,941,000 | 687 |
| Net interest income | $18,969,000 | 968 |
| Provision for loan and lease losses | $480,000 | 1,787 |
| Total noninterest income | $1,569,000 | 2,225 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $437,000 | 3,088 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $1,132,000 | 1,662 |
| Total noninterest expense | $11,018,000 | 1,301 |
| Salaries and employee benefits | $5,512,000 | 1,211 |
| Premises and equipment expense | $1,885,000 | 1,109 |
| Additional noninterest expense | $3,621,000 | 1,470 |
| Pre-tax net operating income | $9,040,000 | 853 |
| Securities gains (losses) | $0 | 4,148 |
| Applicable income taxes | $3,651,000 | 756 |
| Income before extraordinary items | $5,389,000 | 979 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $5,389,000 | 980 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $101,000 | 3,913 |
| Cash dividends | $1,111,000 | 1,978 |
| Sale, conversion, retirement of capital stock, net | $277,000 | 537 |
| Net operating income | $5,389,000 | 960 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $40,948,000 | 886 |
| Total interest expense | $24,821,000 | 738 |
| Net interest income | $16,127,000 | 1,142 |
| Provision for loan and lease losses | $0 | 8,958 |
| Total noninterest income | $998,000 | 3,107 |
| Gross Fiduciary activities income | $0 | 1,590 |
| Service charges on deposit accounts | $373,000 | 3,570 |
| Trading account gains and fees | $0 | 522 |
| Additional Noninterest Income | $625,000 | 2,470 |
| Total noninterest expense | $10,269,000 | 1,379 |
| Salaries and employee benefits | $4,732,000 | 1,399 |
| Premises and equipment expense | $1,870,000 | 1,129 |
| Additional noninterest expense | $3,667,000 | 1,432 |
| Pre-tax net operating income | $6,856,000 | 1,129 |
| Securities gains (losses) | $0 | 3,831 |
| Applicable income taxes | $2,665,000 | 996 |
| Income before extraordinary items | $4,191,000 | 1,265 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $4,191,000 | 1,263 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $55,000 | 4,966 |
| Cash dividends | $997,000 | 2,085 |
| Sale, conversion, retirement of capital stock, net | $300,000 | 432 |
| Net operating income | $4,191,000 | 1,243 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $30,909,000 | 1,024 |
| Total interest expense | $16,442,000 | 843 |
| Net interest income | $14,467,000 | 1,259 |
| Provision for loan and lease losses | $75,000 | 5,153 |
| Total noninterest income | $868,000 | 3,457 |
| Gross Fiduciary activities income | $0 | 1,599 |
| Service charges on deposit accounts | $332,000 | 4,013 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $536,000 | 2,826 |
| Total noninterest expense | $10,184,000 | 1,439 |
| Salaries and employee benefits | $4,470,000 | 1,499 |
| Premises and equipment expense | $2,224,000 | 960 |
| Additional noninterest expense | $3,490,000 | 1,591 |
| Pre-tax net operating income | $5,076,000 | 1,453 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $1,943,000 | 1,238 |
| Income before extraordinary items | $3,133,000 | 1,563 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $3,133,000 | 1,564 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $98,000 | 3,773 |
| Cash dividends | $794,000 | 2,322 |
| Sale, conversion, retirement of capital stock, net | $18,000 | 1,032 |
| Net operating income | $3,133,000 | 1,576 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $26,534,000 | 1,201 |
| Total interest expense | $13,503,000 | 1,001 |
| Net interest income | $13,031,000 | 1,391 |
| Provision for loan and lease losses | $250,000 | 3,377 |
| Total noninterest income | $1,134,000 | 3,042 |
| Gross Fiduciary activities income | $0 | 1,630 |
| Service charges on deposit accounts | $282,000 | 4,661 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $852,000 | 2,288 |
| Total noninterest expense | $9,445,000 | 1,602 |
| Salaries and employee benefits | $3,969,000 | 1,699 |
| Premises and equipment expense | $1,883,000 | 1,127 |
| Additional noninterest expense | $3,593,000 | 1,652 |
| Pre-tax net operating income | $4,470,000 | 1,565 |
| Securities gains (losses) | $101,000 | 2,497 |
| Applicable income taxes | $1,890,000 | 1,266 |
| Income before extraordinary items | $2,681,000 | 1,862 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $2,681,000 | 1,923 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $300,000 | 2,475 |
| Cash dividends | $676,000 | 2,440 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $2,616,360 | 1,800 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $27,510,000 | 1,323 |
| Total interest expense | $15,885,000 | 1,131 |
| Net interest income | $11,625,000 | 1,594 |
| Provision for loan and lease losses | $766,000 | 2,214 |
| Total noninterest income | $464,000 | 5,937 |
| Gross Fiduciary activities income | $0 | 1,658 |
| Service charges on deposit accounts | $233,000 | 5,383 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $231,000 | 5,223 |
| Total noninterest expense | $7,768,000 | 1,930 |
| Salaries and employee benefits | $3,138,000 | 2,097 |
| Premises and equipment expense | $1,293,000 | 1,651 |
| Additional noninterest expense | $3,337,000 | 1,819 |
| Pre-tax net operating income | $3,555,000 | 1,737 |
| Securities gains (losses) | $444,000 | 1,182 |
| Applicable income taxes | $1,598,000 | 1,374 |
| Income before extraordinary items | $2,401,000 | 1,896 |
| Extraordinary gains, net | $1,077,000 | 120 |
| Net income | $3,478,000 | 1,346 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $466,000 | 2,575 |
| Cash dividends | $485,000 | 2,888 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $2,116,840 | 1,993 |
* 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.