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Independence Bank, Income and Expense

2001-12-31 (YTD Data)Rank
Total interest income$4,174,0006,221
Total interest expense$2,602,0005,272
Net interest income$1,572,0007,208
Provision for loan and lease losses$1,348,000994
Total noninterest income$420,0005,552
Gross Fiduciary activities income$01,731
Service charges on deposit accounts$136,0005,999
Trading account gains and fees$0177
Additional Noninterest Income$284,0004,234
Total noninterest expense$2,255,0005,300
Salaries and employee benefits$1,217,0005,259
Premises and equipment expense$378,0004,784
Additional noninterest expense$660,0005,486
Pre-tax net operating income$-1,611,0009,453
Securities gains (losses)$04,612
Applicable income taxes$07,903
Income before extraordinary items$-1,611,0009,495
Extraordinary gains, net$0105
Net income$-1,611,0009,495
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$568,0001,423
Cash dividends$06,617
Sale, conversion, retirement of capital stock, net$0922
Net operating income$-1,611,0009,467
2000-12-31 (YTD Data)Rank
Total interest income$4,194,0006,335
Total interest expense$2,314,0005,815
Net interest income$1,880,0006,762
Provision for loan and lease losses$197,0003,798
Total noninterest income$180,0007,483
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$84,0006,909
Trading account gains and feesNANA
Additional Noninterest Income$96,0006,526
Total noninterest expense$1,958,0005,756
Salaries and employee benefits$1,041,0005,762
Premises and equipment expense$276,0005,691
Additional noninterest expense$641,0005,523
Pre-tax net operating income$-95,0009,242
Securities gains (losses)$01,956
Applicable income taxes$08,362
Income before extraordinary items$-95,0009,263
Extraordinary gains, net$038
Net income$-95,0009,262
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$83,0003,894
Cash dividends$06,853
Sale, conversion, retirement of capital stock, net$0969
Net operating income$-95,0009,260
1999-12-31 (YTD Data)Rank
Total interest income$2,608,0007,789
Total interest expense$1,141,0007,803
Net interest income$1,467,0007,644
Provision for loan and lease losses$294,0002,734
Total noninterest income$133,0008,339
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$55,0007,711
Trading account gains and feesNANA
Additional Noninterest Income$78,0007,202
Total noninterest expense$1,506,0006,768
Salaries and employee benefits$817,0006,679
Premises and equipment expense$229,0006,370
Additional noninterest expense$460,0006,819
Pre-tax net operating income$-200,0009,634
Securities gains (losses)$03,155
Applicable income taxes$08,765
Income before extraordinary items$-200,0009,678
Extraordinary gains, net$035
Net income$-200,0009,676
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$142,0002,946
Cash dividends$07,131
Sale, conversion, retirement of capital stock, net$1,069,000497
Net operating income$-200,0009,654
1998-12-31 (YTD Data)Rank
Total interest income$1,286,0009,556
Total interest expense$465,0009,768
Net interest income$821,0009,197
Provision for loan and lease losses$251,0002,977
Total noninterest income$107,0008,900
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$16,0008,778
Trading account gains and feesNANA
Additional Noninterest Income$91,0006,846
Total noninterest expense$1,180,0007,595
Salaries and employee benefits$667,0007,390
Premises and equipment expense$206,0006,617
Additional noninterest expense$307,0008,051
Pre-tax net operating income$-503,00010,188
Securities gains (losses)$04,449
Applicable income taxes$09,340
Income before extraordinary items$-503,00010,228
Extraordinary gains, net$-73,00010,421
Net income$-576,00010,260
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,132
Cash dividends$07,473
Sale, conversion, retirement of capital stock, net$60,000837
Net operating income$-503,00010,199
1997-12-31 (YTD Data)Rank
Total interest income$156,00010,856
Total interest expense$19,00010,858
Net interest income$137,00010,829
Provision for loan and lease losses$28,0007,514
Total noninterest income$010,883
Gross Fiduciary activities incomeNANA
Service charges on deposit accounts$09,486
Trading account gains and feesNANA
Additional Noninterest Income$010,861
Total noninterest expense$573,0009,849
Salaries and employee benefits$380,0009,390
Premises and equipment expense$52,00010,154
Additional noninterest expense$141,00010,108
Pre-tax net operating income$-464,00010,729
Securities gains (losses)$03,944
Applicable income taxes$010,065
Income before extraordinary items$-464,00010,745
Extraordinary gains, net$044
Net income$-464,00010,745
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,513
Cash dividends$07,871
Sale, conversion, retirement of capital stock, net$5,880,000171
Net operating income$-464,00010,726

* 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.