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Hanover Bank, Income and Expense

1998-12-31 (YTD Data)Rank
Total interest income$29,019,0001,118
Total interest expense$14,377,0001,091
Net interest income$14,642,0001,158
Provision for loan and lease losses$2,389,000514
Total noninterest income$2,370,0001,613
Gross Fiduciary activities income$01,398
Service charges on deposit accounts$1,161,0001,088
Trading account gains and fees$0224
Additional Noninterest Income$1,209,0001,620
Total noninterest expense$12,063,0001,098
Salaries and employee benefits$4,096,0001,624
Premises and equipment expense$1,365,0001,436
Additional noninterest expense$6,602,000793
Pre-tax net operating income$2,560,0002,722
Securities gains (losses)$6,0003,324
Applicable income taxes$746,0002,891
Income before extraordinary items$1,820,0002,774
Extraordinary gains, net$032
Net income$1,820,0002,775
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$1,864,000490
Cash dividends$1,490,0001,686
Sale, conversion, retirement of capital stock, net$671,000518
Net operating income$1,815,7402,699
1997-12-31 (YTD Data)Rank
Total interest income$10,556,0003,075
Total interest expense$5,344,0002,802
Net interest income$5,212,0003,348
Provision for loan and lease losses$374,0002,202
Total noninterest income$737,0003,811
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$370,0003,446
Trading account gains and feesNANA
Additional Noninterest Income$367,0003,478
Total noninterest expense$3,945,0003,214
Salaries and employee benefits$1,332,0004,689
Premises and equipment expense$587,0003,217
Additional noninterest expense$2,026,0002,061
Pre-tax net operating income$1,630,0004,166
Securities gains (losses)$-59,00010,676
Applicable income taxes$454,0004,502
Income before extraordinary items$1,117,0004,307
Extraordinary gains, net$044
Net income$1,117,0004,308
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$364,0001,716
Cash dividends$590,0003,148
Sale, conversion, retirement of capital stock, net$01,030
Net operating income$1,158,8904,115
1996-12-31 (YTD Data)Rank
Total interest income$8,379,0003,860
Total interest expense$3,633,0004,049
Net interest income$4,746,0003,719
Provision for loan and lease losses$420,0002,004
Total noninterest income$387,0006,053
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$296,0004,264
Trading account gains and feesNANA
Additional Noninterest Income$91,0007,410
Total noninterest expense$3,095,0004,215
Salaries and employee benefits$1,192,0005,237
Premises and equipment expense$531,0003,600
Additional noninterest expense$1,372,0003,370
Pre-tax net operating income$1,618,0004,089
Securities gains (losses)$04,148
Applicable income taxes$516,0004,051
Income before extraordinary items$1,102,0004,143
Extraordinary gains, net$053
Net income$1,102,0004,144
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$179,0002,856
Cash dividends$475,0003,536
Sale, conversion, retirement of capital stock, net$129,000635
Net operating income$1,102,0004,095
1995-12-31 (YTD Data)Rank
Total interest income$7,123,0004,484
Total interest expense$3,109,0004,604
Net interest income$4,014,0004,291
Provision for loan and lease losses$100,0004,579
Total noninterest income$306,0007,010
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$254,0004,891
Trading account gains and feesNANA
Additional Noninterest Income$52,0009,130
Total noninterest expense$2,465,0005,057
Salaries and employee benefits$969,0006,215
Premises and equipment expense$517,0003,654
Additional noninterest expense$979,0004,434
Pre-tax net operating income$1,755,0003,924
Securities gains (losses)$03,831
Applicable income taxes$527,0004,024
Income before extraordinary items$1,228,0003,881
Extraordinary gains, net$065
Net income$1,228,0003,879
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$112,0003,500
Cash dividends$261,0004,872
Sale, conversion, retirement of capital stock, net$0809
Net operating income$1,228,0003,858
1994-12-31 (YTD Data)Rank
Total interest income$5,518,0005,225
Total interest expense$2,038,0005,531
Net interest income$3,480,0004,964
Provision for loan and lease losses$261,0002,507
Total noninterest income$272,0007,624
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$223,0005,464
Trading account gains and feesNANA
Additional Noninterest Income$49,0009,662
Total noninterest expense$2,083,0006,001
Salaries and employee benefits$786,0007,287
Premises and equipment expense$533,0003,595
Additional noninterest expense$764,0005,913
Pre-tax net operating income$1,408,0004,650
Securities gains (losses)$03,600
Applicable income taxes$390,0004,858
Income before extraordinary items$1,018,0004,480
Extraordinary gains, net$0249
Net income$1,018,0004,481
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-24,00011,382
Cash dividends$44,0008,118
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$1,018,0004,518
1993-12-31 (YTD Data)Rank
Total interest income$4,445,0006,371
Total interest expense$1,702,0006,613
Net interest income$2,743,0006,085
Provision for loan and lease losses$293,0003,082
Total noninterest income$186,0009,481
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$165,0006,730
Trading account gains and feesNANA
Additional Noninterest Income$21,00011,957
Total noninterest expense$1,811,0006,853
Salaries and employee benefits$679,0008,143
Premises and equipment expense$489,0003,942
Additional noninterest expense$643,0006,987
Pre-tax net operating income$825,0006,693
Securities gains (losses)$22,0004,534
Applicable income taxes$219,0007,275
Income before extraordinary items$628,0006,574
Extraordinary gains, net$03,149
Net income$628,0006,731
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$142,0003,798
Cash dividends$09,081
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$611,7206,445
1992-12-31 (YTD Data)Rank
Total interest income$3,262,0008,539
Total interest expense$1,340,0009,080
Net interest income$1,922,0007,968
Provision for loan and lease losses$200,0005,193
Total noninterest income$249,0008,508
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$109,0008,244
Trading account gains and feesNANA
Additional Noninterest Income$140,0006,888
Total noninterest expense$1,399,0008,297
Salaries and employee benefits$525,0009,537
Premises and equipment expense$390,0004,889
Additional noninterest expense$484,0008,610
Pre-tax net operating income$572,0007,910
Securities gains (losses)$31,0004,927
Applicable income taxes$168,0008,209
Income before extraordinary items$435,0007,884
Extraordinary gains, net$01,422
Net income$435,0008,004
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$111,0005,646
Cash dividends$08,912
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$412,6807,742

* 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.