Home > Merchants Bank > Income and Expense
Merchants Bank, Income and Expense
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $16,671,000 | 1,966 |
| Total interest expense | $7,403,000 | 2,061 |
| Net interest income | $9,268,000 | 1,879 |
| Provision for loan and lease losses | $420,000 | 2,015 |
| Total noninterest income | $2,829,000 | 1,343 |
| Gross Fiduciary activities income | $495,000 | 659 |
| Service charges on deposit accounts | $1,589,000 | 797 |
| Trading account gains and fees | $0 | 239 |
| Additional Noninterest Income | $745,000 | 2,130 |
| Total noninterest expense | $7,164,000 | 1,809 |
| Salaries and employee benefits | $3,809,000 | 1,715 |
| Premises and equipment expense | $1,082,000 | 1,832 |
| Additional noninterest expense | $2,273,000 | 1,873 |
| Pre-tax net operating income | $4,513,000 | 1,700 |
| Securities gains (losses) | $19,000 | 1,923 |
| Applicable income taxes | $1,518,000 | 1,693 |
| Income before extraordinary items | $3,014,000 | 1,766 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $3,014,000 | 1,765 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $374,000 | 1,682 |
| Cash dividends | $1,974,000 | 1,337 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $3,001,270 | 1,731 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $15,685,000 | 2,152 |
| Total interest expense | $6,904,000 | 2,238 |
| Net interest income | $8,781,000 | 2,041 |
| Provision for loan and lease losses | $320,000 | 2,449 |
| Total noninterest income | $2,685,000 | 1,476 |
| Gross Fiduciary activities income | $417,000 | 761 |
| Service charges on deposit accounts | $1,521,000 | 869 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $747,000 | 2,193 |
| Total noninterest expense | $7,072,000 | 1,985 |
| Salaries and employee benefits | $3,785,000 | 1,749 |
| Premises and equipment expense | $1,123,000 | 1,788 |
| Additional noninterest expense | $2,164,000 | 2,282 |
| Pre-tax net operating income | $4,074,000 | 1,767 |
| Securities gains (losses) | $-50,000 | 11,034 |
| Applicable income taxes | $1,383,000 | 1,729 |
| Income before extraordinary items | $2,641,000 | 1,875 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $2,641,000 | 1,876 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $462,000 | 1,525 |
| Cash dividends | $1,232,000 | 1,829 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $2,674,000 | 1,817 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $14,622,000 | 2,305 |
| Total interest expense | $6,363,000 | 2,426 |
| Net interest income | $8,259,000 | 2,181 |
| Provision for loan and lease losses | $140,000 | 3,774 |
| Total noninterest income | $2,160,000 | 1,725 |
| Gross Fiduciary activities income | $395,000 | 807 |
| Service charges on deposit accounts | $1,202,000 | 1,104 |
| Trading account gains and fees | $0 | 522 |
| Additional Noninterest Income | $563,000 | 2,657 |
| Total noninterest expense | $6,933,000 | 1,991 |
| Salaries and employee benefits | $3,623,000 | 1,834 |
| Premises and equipment expense | $1,141,000 | 1,769 |
| Additional noninterest expense | $2,169,000 | 2,245 |
| Pre-tax net operating income | $3,346,000 | 2,197 |
| Securities gains (losses) | $8,000 | 2,536 |
| Applicable income taxes | $1,130,000 | 2,135 |
| Income before extraordinary items | $2,224,000 | 2,265 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $2,224,000 | 2,262 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $827,000 | 1,001 |
| Cash dividends | $1,023,000 | 1,983 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $2,218,720 | 2,243 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $11,994,000 | 2,524 |
| Total interest expense | $4,888,000 | 2,514 |
| Net interest income | $7,106,000 | 2,542 |
| Provision for loan and lease losses | $190,000 | 3,120 |
| Total noninterest income | $1,865,000 | 1,922 |
| Gross Fiduciary activities income | $336,000 | 860 |
| Service charges on deposit accounts | $942,000 | 1,431 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $587,000 | 2,627 |
| Total noninterest expense | $6,454,000 | 2,184 |
| Salaries and employee benefits | $3,230,000 | 2,043 |
| Premises and equipment expense | $1,090,000 | 1,874 |
| Additional noninterest expense | $2,134,000 | 2,449 |
| Pre-tax net operating income | $2,327,000 | 3,021 |
| Securities gains (losses) | $-135,000 | 11,727 |
| Applicable income taxes | $765,000 | 2,884 |
| Income before extraordinary items | $1,427,000 | 3,310 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $1,427,000 | 3,325 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $150,000 | 2,966 |
| Cash dividends | $581,000 | 2,888 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $1,514,750 | 3,170 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $11,646,000 | 2,659 |
| Total interest expense | $4,714,000 | 2,734 |
| Net interest income | $6,932,000 | 2,607 |
| Provision for loan and lease losses | $131,000 | 4,988 |
| Total noninterest income | $2,047,000 | 1,946 |
| Gross Fiduciary activities income | $277,000 | 968 |
| Service charges on deposit accounts | $902,000 | 1,507 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $868,000 | 2,259 |
| Total noninterest expense | $6,413,000 | 2,262 |
| Salaries and employee benefits | $3,212,000 | 2,060 |
| Premises and equipment expense | $817,000 | 2,504 |
| Additional noninterest expense | $2,384,000 | 2,345 |
| Pre-tax net operating income | $2,435,000 | 2,776 |
| Securities gains (losses) | $75,000 | 2,875 |
| Applicable income taxes | $816,000 | 2,718 |
| Income before extraordinary items | $1,694,000 | 2,903 |
| Extraordinary gains, net | $-27,000 | 12,528 |
| Net income | $1,667,000 | 3,033 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $509,000 | 1,740 |
| Cash dividends | $828,000 | 2,078 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $1,643,750 | 2,819 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $13,702,000 | 2,574 |
| Total interest expense | $5,959,000 | 2,796 |
| Net interest income | $7,743,000 | 2,331 |
| Provision for loan and lease losses | $1,398,000 | 1,479 |
| Total noninterest income | $1,636,000 | 2,240 |
| Gross Fiduciary activities income | $292,000 | 971 |
| Service charges on deposit accounts | $963,000 | 1,390 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $381,000 | 3,823 |
| Total noninterest expense | $6,510,000 | 2,249 |
| Salaries and employee benefits | $2,889,000 | 2,253 |
| Premises and equipment expense | $802,000 | 2,588 |
| Additional noninterest expense | $2,819,000 | 2,101 |
| Pre-tax net operating income | $1,471,000 | 4,107 |
| Securities gains (losses) | $0 | 8,369 |
| Applicable income taxes | $428,000 | 4,544 |
| Income before extraordinary items | $1,043,000 | 4,333 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $1,043,000 | 4,376 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,155,000 | 1,425 |
| Cash dividends | $466,000 | 2,964 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $1,043,000 | 4,028 |
* 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.