Home > MagnetBank > Income and Expense
MagnetBank, Income and Expense
| 2008-09-30 (YTD Data) | Rank | |
| Total interest income | $13,685,000 | 2,133 |
| Total interest expense | $11,753,000 | 1,072 |
| Net interest income | $1,932,000 | 5,881 |
| Provision for loan and lease losses | $16,553,000 | 272 |
| Total noninterest income | $224,000 | 5,900 |
| Gross Fiduciary activities income | $0 | 1,405 |
| Service charges on deposit accounts | $0 | 7,386 |
| Trading account gains and fees | $0 | 148 |
| Additional Noninterest Income | $224,000 | 4,211 |
| Total noninterest expense | $10,834,000 | 1,329 |
| Salaries and employee benefits | $4,009,000 | 1,927 |
| Premises and equipment expense | $832,000 | 2,404 |
| Additional noninterest expense | $5,993,000 | 777 |
| Pre-tax net operating income | $-25,231,000 | 8,300 |
| Securities gains (losses) | $-1,022,000 | 7,935 |
| Applicable income taxes | $-2,002,000 | 8,182 |
| Income before extraordinary items | $-24,251,000 | 8,289 |
| Extraordinary gains, net | $0 | 31 |
| Net income | $-24,251,000 | 8,288 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $17,620,000 | 190 |
| Cash dividends | $0 | 4,937 |
| Sale, conversion, retirement of capital stock, net | $1,136,000 | 285 |
| Net operating income | $-23,310,760 | 8,299 |
| 2008-06-30 (YTD Data) | Rank | |
| Total interest income | $10,455,000 | 1,899 |
| Total interest expense | $8,020,000 | 1,089 |
| Net interest income | $2,435,000 | 4,049 |
| Provision for loan and lease losses | $14,427,000 | 206 |
| Total noninterest income | $217,000 | 5,272 |
| Gross Fiduciary activities income | $0 | 1,395 |
| Service charges on deposit accounts | $0 | 7,428 |
| Trading account gains and fees | $0 | 149 |
| Additional Noninterest Income | $217,000 | 3,608 |
| Total noninterest expense | $6,713,000 | 1,437 |
| Salaries and employee benefits | $3,249,000 | 1,621 |
| Premises and equipment expense | $463,000 | 2,830 |
| Additional noninterest expense | $3,001,000 | 992 |
| Pre-tax net operating income | $-18,488,000 | 8,388 |
| Securities gains (losses) | $-556,000 | 8,349 |
| Applicable income taxes | $-2,002,000 | 8,333 |
| Income before extraordinary items | $-17,042,000 | 8,388 |
| Extraordinary gains, net | $0 | 21 |
| Net income | $-17,042,000 | 8,388 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $9,641,000 | 192 |
| Cash dividends | $0 | 4,733 |
| Sale, conversion, retirement of capital stock, net | $1,112,000 | 199 |
| Net operating income | $-16,547,160 | 8,386 |
| 2008-03-31 (YTD Data) | Rank | |
| Total interest income | $5,878,000 | 1,751 |
| Total interest expense | $4,354,000 | 1,078 |
| Net interest income | $1,524,000 | 3,445 |
| Provision for loan and lease losses | $5,924,000 | 194 |
| Total noninterest income | $221,000 | 3,785 |
| Gross Fiduciary activities income | $0 | 1,326 |
| Service charges on deposit accounts | $0 | 7,431 |
| Trading account gains and fees | $0 | 158 |
| Additional Noninterest Income | $221,000 | 2,427 |
| Total noninterest expense | $3,262,000 | 1,468 |
| Salaries and employee benefits | $1,904,000 | 1,376 |
| Premises and equipment expense | $333,000 | 2,034 |
| Additional noninterest expense | $1,025,000 | 1,405 |
| Pre-tax net operating income | $-7,441,000 | 8,443 |
| Securities gains (losses) | $0 | 2,688 |
| Applicable income taxes | $-1,082,000 | 8,401 |
| Income before extraordinary items | $-6,359,000 | 8,437 |
| Extraordinary gains, net | $0 | 15 |
| Net income | $-6,359,000 | 8,437 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,315,000 | 381 |
| Cash dividends | $0 | 3,705 |
| Sale, conversion, retirement of capital stock, net | $7,000 | 866 |
| Net operating income | $-6,359,000 | 8,435 |
| 2007-12-31 (YTD Data) | Rank | |
| Total interest income | $40,769,000 | 1,031 |
| Total interest expense | $23,660,000 | 836 |
| Net interest income | $17,109,000 | 1,306 |
| Provision for loan and lease losses | $6,378,000 | 339 |
| Total noninterest income | $377,000 | 5,619 |
| Gross Fiduciary activities income | $0 | 1,498 |
| Service charges on deposit accounts | $0 | 7,508 |
| Trading account gains and fees | $0 | 178 |
| Additional Noninterest Income | $377,000 | 3,847 |
| Total noninterest expense | $15,014,000 | 1,239 |
| Salaries and employee benefits | $6,360,000 | 1,592 |
| Premises and equipment expense | $1,017,000 | 2,533 |
| Additional noninterest expense | $7,637,000 | 755 |
| Pre-tax net operating income | $-3,906,000 | 8,419 |
| Securities gains (losses) | $191,000 | 456 |
| Applicable income taxes | $3,554,000 | 704 |
| Income before extraordinary items | $-7,269,000 | 8,472 |
| Extraordinary gains, net | $0 | 39 |
| Net income | $-7,269,000 | 8,469 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $708,000 | 1,323 |
| Cash dividends | $0 | 5,817 |
| Sale, conversion, retirement of capital stock, net | $274,000 | 665 |
| Net operating income | $-7,460,000 | 8,467 |
| 2007-09-30 (YTD Data) | Rank | |
| Total interest income | $31,990,000 | 993 |
| Total interest expense | $18,049,000 | 821 |
| Net interest income | $13,941,000 | 1,209 |
| Provision for loan and lease losses | $2,381,000 | 445 |
| Total noninterest income | $325,000 | 5,381 |
| Gross Fiduciary activities income | $0 | 1,458 |
| Service charges on deposit accounts | $0 | 7,525 |
| Trading account gains and fees | $0 | 184 |
| Additional Noninterest Income | $325,000 | 3,596 |
| Total noninterest expense | $11,464,000 | 1,214 |
| Salaries and employee benefits | $4,524,000 | 1,670 |
| Premises and equipment expense | $703,000 | 2,704 |
| Additional noninterest expense | $6,237,000 | 665 |
| Pre-tax net operating income | $421,000 | 6,074 |
| Securities gains (losses) | $0 | 1,655 |
| Applicable income taxes | $227,000 | 3,557 |
| Income before extraordinary items | $194,000 | 6,831 |
| Extraordinary gains, net | $0 | 33 |
| Net income | $194,000 | 6,829 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $425,000 | 1,217 |
| Cash dividends | $0 | 5,179 |
| Sale, conversion, retirement of capital stock, net | $215,000 | 573 |
| Net operating income | $194,000 | 6,820 |
| 2007-06-30 (YTD Data) | Rank | |
| Total interest income | $21,841,000 | 981 |
| Total interest expense | $11,931,000 | 829 |
| Net interest income | $9,910,000 | 1,142 |
| Provision for loan and lease losses | $1,481,000 | 432 |
| Total noninterest income | $285,000 | 4,785 |
| Gross Fiduciary activities income | $0 | 1,429 |
| Service charges on deposit accounts | $0 | 7,560 |
| Trading account gains and fees | $0 | 168 |
| Additional Noninterest Income | $285,000 | 3,102 |
| Total noninterest expense | $4,799,000 | 1,920 |
| Salaries and employee benefits | $2,742,000 | 1,866 |
| Premises and equipment expense | $481,000 | 2,669 |
| Additional noninterest expense | $1,576,000 | 1,729 |
| Pre-tax net operating income | $3,915,000 | 1,204 |
| Securities gains (losses) | $0 | 1,444 |
| Applicable income taxes | $1,469,000 | 939 |
| Income before extraordinary items | $2,446,000 | 1,441 |
| Extraordinary gains, net | $0 | 29 |
| Net income | $2,446,000 | 1,439 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $180,000 | 1,434 |
| Cash dividends | $0 | 4,977 |
| Sale, conversion, retirement of capital stock, net | $124,000 | 551 |
| Net operating income | $2,446,000 | 1,422 |
| 2007-03-31 (YTD Data) | Rank | |
| Total interest income | $10,799,000 | 983 |
| Total interest expense | $5,827,000 | 838 |
| Net interest income | $4,972,000 | 1,125 |
| Provision for loan and lease losses | $1,131,000 | 273 |
| Total noninterest income | $245,000 | 3,582 |
| Gross Fiduciary activities income | $0 | 1,355 |
| Service charges on deposit accounts | $0 | 7,573 |
| Trading account gains and fees | $0 | 195 |
| Additional Noninterest Income | $245,000 | 2,244 |
| Total noninterest expense | $2,331,000 | 1,980 |
| Salaries and employee benefits | $1,184,000 | 2,170 |
| Premises and equipment expense | $231,000 | 2,775 |
| Additional noninterest expense | $916,000 | 1,461 |
| Pre-tax net operating income | $1,755,000 | 1,336 |
| Securities gains (losses) | $0 | 1,187 |
| Applicable income taxes | $659,000 | 1,030 |
| Income before extraordinary items | $1,096,000 | 1,576 |
| Extraordinary gains, net | $0 | 22 |
| Net income | $1,096,000 | 1,577 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 4,509 |
| Cash dividends | $0 | 3,942 |
| Sale, conversion, retirement of capital stock, net | $40,000 | 537 |
| Net operating income | $1,096,000 | 1,561 |
| 2006-12-31 (YTD Data) | Rank | |
| Total interest income | $22,143,000 | 1,826 |
| Total interest expense | $11,092,000 | 1,520 |
| Net interest income | $11,051,000 | 2,097 |
| Provision for loan and lease losses | $3,749,000 | 320 |
| Total noninterest income | $233,000 | 6,656 |
| Gross Fiduciary activities income | $0 | 1,523 |
| Service charges on deposit accounts | $0 | 7,634 |
| Trading account gains and fees | $0 | 130 |
| Additional Noninterest Income | $233,000 | 4,824 |
| Total noninterest expense | $7,696,000 | 2,304 |
| Salaries and employee benefits | $4,387,000 | 2,226 |
| Premises and equipment expense | $779,000 | 3,075 |
| Additional noninterest expense | $2,530,000 | 2,084 |
| Pre-tax net operating income | $-161,000 | 8,086 |
| Securities gains (losses) | $0 | 1,687 |
| Applicable income taxes | $-1,290,000 | 8,641 |
| Income before extraordinary items | $1,129,000 | 4,420 |
| Extraordinary gains, net | $0 | 51 |
| Net income | $1,129,000 | 4,420 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 6,377 |
| Cash dividends | $0 | 5,941 |
| Sale, conversion, retirement of capital stock, net | $154,000 | 810 |
| Net operating income | $1,129,000 | 4,403 |
| 2006-09-30 (YTD Data) | Rank | |
| Total interest income | $13,100,000 | 2,226 |
| Total interest expense | $6,308,000 | 1,905 |
| Net interest income | $6,792,000 | 2,530 |
| Provision for loan and lease losses | $2,952,000 | 280 |
| Total noninterest income | $42,000 | 8,252 |
| Gross Fiduciary activities income | $0 | 1,468 |
| Service charges on deposit accounts | $0 | 7,682 |
| Trading account gains and fees | $0 | 126 |
| Additional Noninterest Income | $42,000 | 7,155 |
| Total noninterest expense | $5,281,000 | 2,492 |
| Salaries and employee benefits | $3,219,000 | 2,280 |
| Premises and equipment expense | $526,000 | 3,331 |
| Additional noninterest expense | $1,536,000 | 2,494 |
| Pre-tax net operating income | $-1,399,000 | 8,651 |
| Securities gains (losses) | $0 | 1,388 |
| Applicable income taxes | $-1,104,000 | 8,721 |
| Income before extraordinary items | $-295,000 | 8,371 |
| Extraordinary gains, net | $0 | 45 |
| Net income | $-295,000 | 8,371 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 5,858 |
| Cash dividends | $0 | 5,292 |
| Sale, conversion, retirement of capital stock, net | $122,000 | 677 |
| Net operating income | $-295,000 | 8,364 |
| 2006-06-30 (YTD Data) | Rank | |
| Total interest income | $5,731,000 | 3,143 |
| Total interest expense | $2,588,000 | 2,738 |
| Net interest income | $3,143,000 | 3,437 |
| Provision for loan and lease losses | $1,791,000 | 300 |
| Total noninterest income | $0 | 8,702 |
| Gross Fiduciary activities income | $0 | 1,458 |
| Service charges on deposit accounts | $0 | 7,707 |
| Trading account gains and fees | $0 | 126 |
| Additional Noninterest Income | $0 | 8,630 |
| Total noninterest expense | $3,186,000 | 2,755 |
| Salaries and employee benefits | $2,097,000 | 2,346 |
| Premises and equipment expense | $288,000 | 3,888 |
| Additional noninterest expense | $801,000 | 3,132 |
| Pre-tax net operating income | $-1,834,000 | 8,754 |
| Securities gains (losses) | $0 | 1,185 |
| Applicable income taxes | $-670,000 | 8,756 |
| Income before extraordinary items | $-1,164,000 | 8,722 |
| Extraordinary gains, net | $0 | 39 |
| Net income | $-1,164,000 | 8,722 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 5,361 |
| Cash dividends | $0 | 5,069 |
| Sale, conversion, retirement of capital stock, net | $94,000 | 548 |
| Net operating income | $-1,164,000 | 8,713 |
| 2006-03-31 (YTD Data) | Rank | |
| Total interest income | $1,570,000 | 4,759 |
| Total interest expense | $485,000 | 5,208 |
| Net interest income | $1,085,000 | 4,469 |
| Provision for loan and lease losses | $830,000 | 311 |
| Total noninterest income | $0 | 8,704 |
| Gross Fiduciary activities income | $0 | 1,380 |
| Service charges on deposit accounts | $0 | 7,698 |
| Trading account gains and fees | $0 | 115 |
| Additional Noninterest Income | $0 | 8,611 |
| Total noninterest expense | $1,588,000 | 2,759 |
| Salaries and employee benefits | $1,127,000 | 2,191 |
| Premises and equipment expense | $119,000 | 4,441 |
| Additional noninterest expense | $342,000 | 3,506 |
| Pre-tax net operating income | $-1,333,000 | 8,766 |
| Securities gains (losses) | $0 | 955 |
| Applicable income taxes | $-310,000 | 8,753 |
| Income before extraordinary items | $-1,023,000 | 8,760 |
| Extraordinary gains, net | $0 | 21 |
| Net income | $-1,023,000 | 8,759 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 4,399 |
| Cash dividends | $0 | 3,943 |
| Sale, conversion, retirement of capital stock, net | $21,000 | 493 |
| Net operating income | $-1,023,000 | 8,750 |
| 2005-12-31 (YTD Data) | Rank | |
| Total interest income | $1,102,000 | 8,245 |
| Total interest expense | $178,000 | 8,491 |
| Net interest income | $924,000 | 8,051 |
| Provision for loan and lease losses | $385,000 | 2,339 |
| Total noninterest income | $0 | 8,769 |
| Gross Fiduciary activities income | $0 | 1,557 |
| Service charges on deposit accounts | $0 | 7,759 |
| Trading account gains and fees | $0 | 138 |
| Additional Noninterest Income | $0 | 8,688 |
| Total noninterest expense | $3,676,000 | 4,135 |
| Salaries and employee benefits | $2,448,000 | 3,547 |
| Premises and equipment expense | $250,000 | 6,211 |
| Additional noninterest expense | $978,000 | 4,490 |
| Pre-tax net operating income | $-3,137,000 | 8,800 |
| Securities gains (losses) | $0 | 2,296 |
| Applicable income taxes | $-144,000 | 8,640 |
| Income before extraordinary items | $-2,993,000 | 8,802 |
| Extraordinary gains, net | $0 | 46 |
| Net income | $-2,993,000 | 8,802 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 6,618 |
| Cash dividends | $0 | 6,054 |
| Sale, conversion, retirement of capital stock, net | $47,931,000 | 21 |
| Net operating income | $-2,993,000 | 8,792 |
| 2005-09-30 (YTD Data) | Rank | |
| Total interest income | $261,000 | 8,753 |
| Total interest expense | $0 | 8,842 |
| Net interest income | $261,000 | 8,696 |
| Provision for loan and lease losses | $0 | 6,899 |
| Total noninterest income | $0 | 8,802 |
| Gross Fiduciary activities income | $0 | 1,504 |
| Service charges on deposit accounts | $0 | 7,794 |
| Trading account gains and fees | $0 | 126 |
| Additional Noninterest Income | $0 | 8,723 |
| Total noninterest expense | $2,359,000 | 4,603 |
| Salaries and employee benefits | $1,641,000 | 3,839 |
| Premises and equipment expense | $139,000 | 6,876 |
| Additional noninterest expense | $579,000 | 5,230 |
| Pre-tax net operating income | $-2,098,000 | 8,816 |
| Securities gains (losses) | $0 | 2,317 |
| Applicable income taxes | $0 | 6,976 |
| Income before extraordinary items | $-2,098,000 | 8,826 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $-2,098,000 | 8,826 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 6,144 |
| Cash dividends | $0 | 5,317 |
| Sale, conversion, retirement of capital stock, net | $46,314,000 | 16 |
| Net operating income | $-2,098,000 | 8,813 |
* 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.