Home > Massachusetts Co-operative Bank > Income and Expense
Massachusetts Co-operative Bank, Income and Expense
| 2001-12-31 (YTD Data) | Rank | |
| Total interest income | $7,981,000 | 4,032 |
| Total interest expense | $4,156,000 | 3,679 |
| Net interest income | $3,825,000 | 4,263 |
| Provision for loan and lease losses | $-127,000 | 9,541 |
| Total noninterest income | $1,122,000 | 3,074 |
| Gross Fiduciary activities income | $0 | 1,731 |
| Service charges on deposit accounts | $258,000 | 4,566 |
| Trading account gains and fees | $0 | 177 |
| Additional Noninterest Income | $864,000 | 2,265 |
| Total noninterest expense | $3,764,000 | 3,613 |
| Salaries and employee benefits | $2,153,000 | 3,375 |
| Premises and equipment expense | $459,000 | 4,166 |
| Additional noninterest expense | $1,152,000 | 3,635 |
| Pre-tax net operating income | $1,310,000 | 4,207 |
| Securities gains (losses) | $-33,000 | 9,407 |
| Applicable income taxes | $566,000 | 3,075 |
| Income before extraordinary items | $711,000 | 5,184 |
| Extraordinary gains, net | $0 | 105 |
| Net income | $711,000 | 5,188 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-60,000 | 9,441 |
| Cash dividends | $350,000 | 4,106 |
| Sale, conversion, retirement of capital stock, net | $70,000 | 695 |
| Net operating income | $732,120 | 5,010 |
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $7,945,000 | 4,157 |
| Total interest expense | $4,685,000 | 3,498 |
| Net interest income | $3,260,000 | 4,859 |
| Provision for loan and lease losses | $58,000 | 6,353 |
| Total noninterest income | $523,000 | 4,792 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $138,000 | 5,937 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $385,000 | 3,445 |
| Total noninterest expense | $3,122,000 | 4,095 |
| Salaries and employee benefits | $1,737,000 | 3,884 |
| Premises and equipment expense | $487,000 | 3,868 |
| Additional noninterest expense | $898,000 | 4,343 |
| Pre-tax net operating income | $603,000 | 6,578 |
| Securities gains (losses) | $-7,000 | 8,117 |
| Applicable income taxes | $199,000 | 5,399 |
| Income before extraordinary items | $397,000 | 6,878 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $397,000 | 6,876 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-111,000 | 9,763 |
| Cash dividends | $0 | 6,853 |
| Sale, conversion, retirement of capital stock, net | $56,000 | 756 |
| Net operating income | $401,690 | 6,858 |
| 1999-12-31 (YTD Data) | Rank | |
| Total interest income | $6,015,000 | 4,943 |
| Total interest expense | $3,035,000 | 4,556 |
| Net interest income | $2,980,000 | 5,185 |
| Provision for loan and lease losses | $-19,000 | 10,002 |
| Total noninterest income | $616,000 | 4,349 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $129,000 | 6,188 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $487,000 | 3,000 |
| Total noninterest expense | $2,881,000 | 4,346 |
| Salaries and employee benefits | $1,551,000 | 4,215 |
| Premises and equipment expense | $390,000 | 4,632 |
| Additional noninterest expense | $940,000 | 4,220 |
| Pre-tax net operating income | $734,000 | 6,194 |
| Securities gains (losses) | $9,000 | 1,806 |
| Applicable income taxes | $247,000 | 5,242 |
| Income before extraordinary items | $496,000 | 6,466 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $496,000 | 6,465 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-90,000 | 10,026 |
| Cash dividends | $0 | 7,131 |
| Sale, conversion, retirement of capital stock, net | $-340,000 | 10,138 |
| Net operating income | $489,970 | 6,486 |
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $4,694,000 | 5,914 |
| Total interest expense | $2,440,000 | 5,455 |
| Net interest income | $2,254,000 | 6,203 |
| Provision for loan and lease losses | $87,000 | 5,436 |
| Total noninterest income | $708,000 | 3,943 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $143,000 | 6,047 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $565,000 | 2,755 |
| Total noninterest expense | $2,535,000 | 4,729 |
| Salaries and employee benefits | $1,355,000 | 4,611 |
| Premises and equipment expense | $330,000 | 5,081 |
| Additional noninterest expense | $850,000 | 4,474 |
| Pre-tax net operating income | $340,000 | 8,175 |
| Securities gains (losses) | $35,000 | 2,006 |
| Applicable income taxes | $115,000 | 7,315 |
| Income before extraordinary items | $260,000 | 8,179 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $260,000 | 8,178 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-87,000 | 10,217 |
| Cash dividends | $0 | 7,473 |
| Sale, conversion, retirement of capital stock, net | $1,000 | 1,017 |
| Net operating income | $235,850 | 8,276 |
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $3,861,000 | 6,783 |
| Total interest expense | $1,955,000 | 6,355 |
| Net interest income | $1,906,000 | 7,113 |
| Provision for loan and lease losses | $-90,000 | 10,757 |
| Total noninterest income | $516,000 | 4,908 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $160,000 | 6,003 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $356,000 | 3,547 |
| Total noninterest expense | $2,050,000 | 5,562 |
| Salaries and employee benefits | $1,060,000 | 5,637 |
| Premises and equipment expense | $295,000 | 5,499 |
| Additional noninterest expense | $695,000 | 5,248 |
| Pre-tax net operating income | $462,000 | 8,128 |
| Securities gains (losses) | $42,000 | 1,434 |
| Applicable income taxes | $137,000 | 7,803 |
| Income before extraordinary items | $367,000 | 7,871 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $367,000 | 7,874 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-117,000 | 10,738 |
| Cash dividends | $0 | 7,871 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $336,340 | 8,057 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $3,542,000 | 7,337 |
| Total interest expense | $1,888,000 | 6,651 |
| Net interest income | $1,654,000 | 7,885 |
| Provision for loan and lease losses | $56,000 | 6,391 |
| Total noninterest income | $484,000 | 5,277 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $128,000 | 6,912 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $356,000 | 3,653 |
| Total noninterest expense | $1,904,000 | 6,151 |
| Salaries and employee benefits | $830,000 | 6,832 |
| Premises and equipment expense | $281,000 | 5,823 |
| Additional noninterest expense | $793,000 | 5,235 |
| Pre-tax net operating income | $178,000 | 9,921 |
| Securities gains (losses) | $29,000 | 1,716 |
| Applicable income taxes | $51,000 | 9,675 |
| Income before extraordinary items | $156,000 | 9,726 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $156,000 | 9,725 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-8,000 | 10,310 |
| Cash dividends | $0 | 8,336 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $134,250 | 9,885 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $3,420,000 | 7,660 |
| Total interest expense | $1,622,000 | 7,354 |
| Net interest income | $1,798,000 | 7,774 |
| Provision for loan and lease losses | $84,000 | 4,983 |
| Total noninterest income | $198,000 | 8,457 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $107,000 | 7,617 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $91,000 | 7,528 |
| Total noninterest expense | $1,526,000 | 7,186 |
| Salaries and employee benefits | $702,000 | 7,702 |
| Premises and equipment expense | $188,000 | 7,429 |
| Additional noninterest expense | $636,000 | 6,291 |
| Pre-tax net operating income | $386,000 | 9,157 |
| Securities gains (losses) | $-8,000 | 9,956 |
| Applicable income taxes | $20,000 | 10,754 |
| Income before extraordinary items | $358,000 | 8,405 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $358,000 | 8,407 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $272,000 | 2,074 |
| Cash dividends | $0 | 8,717 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $365,600 | 8,327 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $2,926,000 | 8,177 |
| Total interest expense | $1,303,000 | 7,545 |
| Net interest income | $1,623,000 | 8,522 |
| Provision for loan and lease losses | $-177,000 | 12,296 |
| Total noninterest income | $111,000 | 10,498 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $95,000 | 8,225 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $16,000 | 11,718 |
| Total noninterest expense | $1,733,000 | 6,892 |
| Salaries and employee benefits | $688,000 | 7,971 |
| Premises and equipment expense | $164,000 | 8,211 |
| Additional noninterest expense | $881,000 | 5,269 |
| Pre-tax net operating income | $178,000 | 11,070 |
| Securities gains (losses) | $-20,000 | 10,331 |
| Applicable income taxes | $68,000 | 10,056 |
| Income before extraordinary items | $90,000 | 11,475 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $90,000 | 11,481 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $136,000 | 3,153 |
| Cash dividends | $0 | 8,932 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $102,800 | 11,404 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $3,295,000 | 7,852 |
| Total interest expense | $1,576,000 | 6,961 |
| Net interest income | $1,719,000 | 8,444 |
| Provision for loan and lease losses | $-9,000 | 12,490 |
| Total noninterest income | $132,000 | 10,584 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $86,000 | 8,815 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $46,000 | 10,323 |
| Total noninterest expense | $1,458,000 | 7,969 |
| Salaries and employee benefits | $646,000 | 8,422 |
| Premises and equipment expense | $154,000 | 8,798 |
| Additional noninterest expense | $658,000 | 6,886 |
| Pre-tax net operating income | $402,000 | 9,396 |
| Securities gains (losses) | $33,000 | 3,976 |
| Applicable income taxes | $35,000 | 11,268 |
| Income before extraordinary items | $400,000 | 8,440 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $400,000 | 8,590 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $191,000 | 3,218 |
| Cash dividends | $0 | 9,081 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $369,640 | 8,481 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $4,114,000 | 7,365 |
| Total interest expense | $2,328,000 | 6,336 |
| Net interest income | $1,786,000 | 8,387 |
| Provision for loan and lease losses | $8,000 | 11,328 |
| Total noninterest income | $173,000 | 9,962 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $83,000 | 9,060 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $90,000 | 8,441 |
| Total noninterest expense | $1,772,000 | 7,036 |
| Salaries and employee benefits | $664,000 | 8,268 |
| Premises and equipment expense | $124,000 | 9,888 |
| Additional noninterest expense | $984,000 | 5,112 |
| Pre-tax net operating income | $179,000 | 11,265 |
| Securities gains (losses) | $59,000 | 3,858 |
| Applicable income taxes | $76,000 | 10,553 |
| Income before extraordinary items | $162,000 | 11,103 |
| Extraordinary gains, net | $76,000 | 852 |
| Net income | $238,000 | 10,219 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $215,000 | 4,039 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $121,880 | 11,335 |
* 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.