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Independence Bank, Income and Expense

1997-12-31 (YTD Data)Rank
Total interest income$3,320,0007,384
Total interest expense$1,829,0006,612
Net interest income$1,491,0008,001
Provision for loan and lease losses$60,0006,153
Total noninterest income$220,0007,587
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$35,0008,810
Trading account gains and feesNANA
Additional Noninterest Income$185,0005,144
Total noninterest expense$1,455,0006,907
Salaries and employee benefits$786,0006,859
Premises and equipment expense$218,0006,526
Additional noninterest expense$451,0006,918
Pre-tax net operating income$196,0009,593
Securities gains (losses)$03,944
Applicable income taxes$58,0009,128
Income before extraordinary items$138,0009,698
Extraordinary gains, net$044
Net income$138,0009,699
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$70,0004,510
Cash dividends$112,0006,331
Sale, conversion, retirement of capital stock, net$125,000740
Net operating income$138,0009,650
1996-12-31 (YTD Data)Rank
Total interest income$2,790,0008,291
Total interest expense$1,458,0007,674
Net interest income$1,332,0008,687
Provision for loan and lease losses$45,0006,812
Total noninterest income$174,0008,623
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$35,0009,247
Trading account gains and feesNANA
Additional Noninterest Income$139,0006,188
Total noninterest expense$1,178,0008,043
Salaries and employee benefits$659,0007,790
Premises and equipment expense$125,0008,668
Additional noninterest expense$394,0007,927
Pre-tax net operating income$283,0009,242
Securities gains (losses)$04,148
Applicable income taxes$68,0009,357
Income before extraordinary items$215,0009,160
Extraordinary gains, net$053
Net income$215,0009,162
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$14,0007,175
Cash dividends$107,0006,566
Sale, conversion, retirement of capital stock, net$669,000429
Net operating income$215,0009,107
1995-12-31 (YTD Data)Rank
Total interest income$2,517,0008,942
Total interest expense$1,238,0008,465
Net interest income$1,279,0009,123
Provision for loan and lease losses$75,0005,235
Total noninterest income$145,0009,397
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$25,0009,905
Trading account gains and feesNANA
Additional Noninterest Income$120,0006,653
Total noninterest expense$1,022,0008,848
Salaries and employee benefits$586,0008,448
Premises and equipment expense$107,0009,413
Additional noninterest expense$329,0008,926
Pre-tax net operating income$327,0009,559
Securities gains (losses)$2,0003,270
Applicable income taxes$91,0009,373
Income before extraordinary items$238,0009,523
Extraordinary gains, net$065
Net income$238,0009,527
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$36,0005,712
Cash dividends$88,0007,072
Sale, conversion, retirement of capital stock, net$75,000603
Net operating income$236,5609,524
1994-12-31 (YTD Data)Rank
Total interest income$2,238,0009,363
Total interest expense$1,023,0008,596
Net interest income$1,215,0009,725
Provision for loan and lease losses$51,0006,050
Total noninterest income$127,00010,164
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$80,0008,680
Trading account gains and feesNANA
Additional Noninterest Income$47,0009,769
Total noninterest expense$1,076,0009,064
Salaries and employee benefits$531,0009,119
Premises and equipment expense$133,0009,004
Additional noninterest expense$412,0008,705
Pre-tax net operating income$212,00010,804
Securities gains (losses)$-3,0009,178
Applicable income taxes$56,00010,313
Income before extraordinary items$153,00010,780
Extraordinary gains, net$0249
Net income$153,00010,785
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$96,0003,814
Cash dividends$08,932
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$155,19010,801
1993-12-31 (YTD Data)Rank
Total interest income$2,115,0009,961
Total interest expense$1,091,0008,721
Net interest income$1,024,00010,701
Provision for loan and lease losses$210,0003,794
Total noninterest income$85,00011,694
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$59,0009,720
Trading account gains and feesNANA
Additional Noninterest Income$26,00011,580
Total noninterest expense$1,266,0008,633
Salaries and employee benefits$515,0009,523
Premises and equipment expense$140,0009,169
Additional noninterest expense$611,0007,235
Pre-tax net operating income$-367,00012,800
Securities gains (losses)$-1,00012,247
Applicable income taxes$-113,00012,969
Income before extraordinary items$-255,00012,797
Extraordinary gains, net$03,149
Net income$-255,00012,807
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$181,0003,310
Cash dividends$09,081
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$-254,31012,719
1992-12-31 (YTD Data)Rank
Total interest income$2,520,0009,890
Total interest expense$1,433,0008,734
Net interest income$1,087,00010,746
Provision for loan and lease losses$420,0003,347
Total noninterest income$108,00011,496
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$78,0009,234
Trading account gains and feesNANA
Additional Noninterest Income$30,00011,767
Total noninterest expense$955,00010,185
Salaries and employee benefits$437,00010,435
Premises and equipment expense$94,00010,953
Additional noninterest expense$424,0009,273
Pre-tax net operating income$-180,00013,062
Securities gains (losses)$-96,00013,777
Applicable income taxes$-118,00013,599
Income before extraordinary items$-158,00013,134
Extraordinary gains, net$01,422
Net income$-158,00013,129
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$461,0002,601
Cash dividends$73,0007,190
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$-96,56012,907

* 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.