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Morehead Bank, Income and Expense

2004-06-30 (YTD Data)		Rank
Total interest income	$1,460,000	6,543
Total interest expense	$524,000	5,520
Net interest income	$936,000	6,839
Provision for loan and lease losses	$29,000	5,552
Total noninterest income	$301,000	4,821
Gross Fiduciary activities income	$0	1,518
Service charges on deposit accounts	$254,000	3,106
Trading account gains and fees	$0	130
Additional Noninterest Income	$47,000	6,544
Total noninterest expense	$915,000	6,306
Salaries and employee benefits	$383,000	7,054
Premises and equipment expense	$129,000	6,121
Additional noninterest expense	$403,000	5,037
Pre-tax net operating income	$293,000	6,554
Securities gains (losses)	$44,000	1,536
Applicable income taxes	$113,000	4,689
Income before extraordinary items	$224,000	6,677
Extraordinary gains, net	$0	21
Net income	$224,000	6,677
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$36,000	3,456
Cash dividends	$0	5,087
Sale, conversion, retirement of capital stock, net	$0	638
Net operating income	$194,960	6,878
2004-03-31 (YTD Data)		Rank
Total interest income	$735,000	6,552
Total interest expense	$266,000	5,540
Net interest income	$469,000	6,871
Provision for loan and lease losses	$20,000	4,792
Total noninterest income	$139,000	4,970
Gross Fiduciary activities income	$0	1,441
Service charges on deposit accounts	$112,000	3,310
Trading account gains and fees	$0	121
Additional Noninterest Income	$27,000	6,301
Total noninterest expense	$449,000	6,416
Salaries and employee benefits	$187,000	7,164
Premises and equipment expense	$61,000	6,270
Additional noninterest expense	$201,000	5,064
Pre-tax net operating income	$139,000	6,590
Securities gains (losses)	$44,000	1,269
Applicable income taxes	$62,000	4,533
Income before extraordinary items	$121,000	6,498
Extraordinary gains, net	$0	16
Net income	$121,000	6,497
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$34,000	2,329
Cash dividends	$0	3,841
Sale, conversion, retirement of capital stock, net	$0	464
Net operating income	$91,960	6,961
2003-12-31 (YTD Data)		Rank
Total interest income	$3,146,000	6,374
Total interest expense	$1,216,000	5,521
Net interest income	$1,930,000	6,687
Provision for loan and lease losses	$77,000	5,698
Total noninterest income	$559,000	5,143
Gross Fiduciary activities income	$0	1,641
Service charges on deposit accounts	$477,000	3,209
Trading account gains and fees	$0	160
Additional Noninterest Income	$82,000	6,847
Total noninterest expense	$1,731,000	6,468
Salaries and employee benefits	$738,000	7,155
Premises and equipment expense	$219,000	6,546
Additional noninterest expense	$774,000	5,169
Pre-tax net operating income	$681,000	6,067
Securities gains (losses)	$0	4,500
Applicable income taxes	$231,000	4,702
Income before extraordinary items	$450,000	6,573
Extraordinary gains, net	$-24,000	9,148
Net income	$426,000	6,685
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$40,000	5,344
Cash dividends	$300,000	4,343
Sale, conversion, retirement of capital stock, net	$0	868
Net operating income	$450,000	6,409
2003-09-30 (YTD Data)		Rank
Total interest income	$2,374,000	6,418
Total interest expense	$940,000	5,564
Net interest income	$1,434,000	6,760
Provision for loan and lease losses	$68,000	5,354
Total noninterest income	$411,000	5,235
Gross Fiduciary activities income	$0	1,599
Service charges on deposit accounts	$347,000	3,297
Trading account gains and fees	$0	153
Additional Noninterest Income	$64,000	6,840
Total noninterest expense	$1,336,000	6,352
Salaries and employee benefits	$623,000	6,815
Premises and equipment expense	$160,000	6,620
Additional noninterest expense	$553,000	5,304
Pre-tax net operating income	$441,000	6,545
Securities gains (losses)	$0	4,204
Applicable income taxes	$148,000	5,112
Income before extraordinary items	$293,000	6,987
Extraordinary gains, net	$0	40
Net income	$293,000	6,989
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$38,000	4,621
Cash dividends	$300,000	3,447
Sale, conversion, retirement of capital stock, net	$0	722
Net operating income	$293,000	6,819
2003-06-30 (YTD Data)		Rank
Total interest income	$1,591,000	6,448
Total interest expense	$645,000	5,599
Net interest income	$946,000	6,806
Provision for loan and lease losses	$34,000	5,657
Total noninterest income	$268,000	5,283
Gross Fiduciary activities income	$0	1,577
Service charges on deposit accounts	$224,000	3,346
Trading account gains and fees	$0	150
Additional Noninterest Income	$44,000	6,789
Total noninterest expense	$889,000	6,373
Salaries and employee benefits	$412,000	6,864
Premises and equipment expense	$111,000	6,499
Additional noninterest expense	$366,000	5,323
Pre-tax net operating income	$291,000	6,553
Securities gains (losses)	$0	3,782
Applicable income taxes	$98,000	5,169
Income before extraordinary items	$193,000	7,034
Extraordinary gains, net	$0	30
Net income	$193,000	7,037
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$12,000	5,113
Cash dividends	$0	5,215
Sale, conversion, retirement of capital stock, net	$0	589
Net operating income	$193,000	6,845
2003-03-31 (YTD Data)		Rank
Total interest income	$789,000	6,507
Total interest expense	$332,000	5,613
Net interest income	$457,000	6,917
Provision for loan and lease losses	$18,000	5,381
Total noninterest income	$127,000	5,311
Gross Fiduciary activities income	$0	1,504
Service charges on deposit accounts	$106,000	3,394
Trading account gains and fees	$0	134
Additional Noninterest Income	$21,000	6,840
Total noninterest expense	$437,000	6,445
Salaries and employee benefits	$206,000	6,888
Premises and equipment expense	$52,000	6,665
Additional noninterest expense	$179,000	5,369
Pre-tax net operating income	$129,000	6,771
Securities gains (losses)	$0	2,891
Applicable income taxes	$44,000	5,276
Income before extraordinary items	$85,000	7,175
Extraordinary gains, net	$0	21
Net income	$85,000	7,178
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$2,000	5,022
Cash dividends	$0	3,930
Sale, conversion, retirement of capital stock, net	$0	419
Net operating income	$85,000	7,022
2002-12-31 (YTD Data)		Rank
Total interest income	$3,294,000	6,539
Total interest expense	$1,485,000	5,754
Net interest income	$1,809,000	6,942
Provision for loan and lease losses	$62,000	6,428
Total noninterest income	$353,000	6,078
Gross Fiduciary activities income	$0	1,713
Service charges on deposit accounts	$292,000	4,289
Trading account gains and fees	$0	153
Additional Noninterest Income	$61,000	7,318
Total noninterest expense	$1,645,000	6,572
Salaries and employee benefits	$745,000	7,103
Premises and equipment expense	$187,000	6,938
Additional noninterest expense	$713,000	5,349
Pre-tax net operating income	$455,000	6,945
Securities gains (losses)	$0	4,537
Applicable income taxes	$153,000	5,497
Income before extraordinary items	$302,000	7,310
Extraordinary gains, net	$0	70
Net income	$302,000	7,308
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$18,000	6,433
Cash dividends	$0	6,377
Sale, conversion, retirement of capital stock, net	$0	862
Net operating income	$302,000	7,206
2001-12-31 (YTD Data)		Rank
Total interest income	$3,382,000	6,865
Total interest expense	$1,712,000	6,580
Net interest income	$1,670,000	7,028
Provision for loan and lease losses	$97,000	5,668
Total noninterest income	$374,000	5,859
Gross Fiduciary activities income	$0	1,731
Service charges on deposit accounts	$316,000	4,033
Trading account gains and fees	$0	177
Additional Noninterest Income	$58,000	7,449
Total noninterest expense	$1,538,000	6,714
Salaries and employee benefits	$649,000	7,436
Premises and equipment expense	$207,000	6,693
Additional noninterest expense	$682,000	5,383
Pre-tax net operating income	$409,000	6,936
Securities gains (losses)	$22,000	3,077
Applicable income taxes	$139,000	5,564
Income before extraordinary items	$292,000	7,194
Extraordinary gains, net	$0	105
Net income	$292,000	7,195
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$45,000	5,305
Cash dividends	$0	6,617
Sale, conversion, retirement of capital stock, net	$0	922
Net operating income	$277,040	7,153
2000-12-31 (YTD Data)		Rank
Total interest income	$3,141,000	7,269
Total interest expense	$1,603,000	6,964
Net interest income	$1,538,000	7,408
Provision for loan and lease losses	$105,000	5,193
Total noninterest income	$358,000	5,837
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$326,000	3,804
Trading account gains and fees	NA	NA
Additional Noninterest Income	$32,000	8,456
Total noninterest expense	$1,406,000	6,989
Salaries and employee benefits	$589,000	7,753
Premises and equipment expense	$188,000	6,945
Additional noninterest expense	$629,000	5,599
Pre-tax net operating income	$385,000	7,543
Securities gains (losses)	$0	1,956
Applicable income taxes	$121,000	6,270
Income before extraordinary items	$264,000	7,696
Extraordinary gains, net	$0	38
Net income	$264,000	7,695
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$14,000	6,338
Cash dividends	$500,000	3,528
Sale, conversion, retirement of capital stock, net	$0	969
Net operating income	$264,000	7,695
1999-12-31 (YTD Data)		Rank
Total interest income	$2,735,000	7,670
Total interest expense	$1,322,000	7,355
Net interest income	$1,413,000	7,755
Provision for loan and lease losses	$36,000	6,998
Total noninterest income	$328,000	6,190
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$293,000	4,060
Trading account gains and fees	NA	NA
Additional Noninterest Income	$35,000	8,625
Total noninterest expense	$1,309,000	7,275
Salaries and employee benefits	$517,000	8,248
Premises and equipment expense	$157,000	7,549
Additional noninterest expense	$635,000	5,613
Pre-tax net operating income	$396,000	7,616
Securities gains (losses)	$0	3,155
Applicable income taxes	$105,000	6,862
Income before extraordinary items	$291,000	7,659
Extraordinary gains, net	$0	35
Net income	$291,000	7,659
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$13,000	6,573
Cash dividends	$0	7,131
Sale, conversion, retirement of capital stock, net	$0	1,035
Net operating income	$291,000	7,633
1998-12-31 (YTD Data)		Rank
Total interest income	$2,641,000	7,936
Total interest expense	$1,211,000	7,885
Net interest income	$1,430,000	7,838
Provision for loan and lease losses	$57,000	6,384
Total noninterest income	$305,000	6,426
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$272,000	4,238
Trading account gains and fees	NA	NA
Additional Noninterest Income	$33,000	8,867
Total noninterest expense	$1,142,000	7,705
Salaries and employee benefits	$463,000	8,587
Premises and equipment expense	$144,000	7,784
Additional noninterest expense	$535,000	6,202
Pre-tax net operating income	$536,000	7,201
Securities gains (losses)	$2,000	3,909
Applicable income taxes	$139,000	6,991
Income before extraordinary items	$399,000	7,230
Extraordinary gains, net	$0	32
Net income	$399,000	7,227
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$19,000	6,386
Cash dividends	$0	7,473
Sale, conversion, retirement of capital stock, net	$0	1,027
Net operating income	$397,520	7,148
1997-12-31 (YTD Data)		Rank
Total interest income	$2,303,000	8,629
Total interest expense	$976,000	8,751
Net interest income	$1,327,000	8,408
Provision for loan and lease losses	$71,000	5,899
Total noninterest income	$294,000	6,705
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$261,000	4,510
Trading account gains and fees	NA	NA
Additional Noninterest Income	$33,000	9,193
Total noninterest expense	$1,050,000	8,173
Salaries and employee benefits	$434,000	9,045
Premises and equipment expense	$144,000	7,944
Additional noninterest expense	$472,000	6,733
Pre-tax net operating income	$500,000	7,913
Securities gains (losses)	$0	3,944
Applicable income taxes	$130,000	7,917
Income before extraordinary items	$370,000	7,850
Extraordinary gains, net	$0	44
Net income	$370,000	7,853
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$13,000	7,092
Cash dividends	$275,000	4,748
Sale, conversion, retirement of capital stock, net	$0	1,030
Net operating income	$370,000	7,800
1996-12-31 (YTD Data)		Rank
Total interest income	$2,077,000	9,281
Total interest expense	$849,000	9,486
Net interest income	$1,228,000	8,973
Provision for loan and lease losses	$88,000	5,424
Total noninterest income	$269,000	7,338
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$218,000	5,252
Trading account gains and fees	NA	NA
Additional Noninterest Income	$51,000	8,849
Total noninterest expense	$1,005,000	8,652
Salaries and employee benefits	$388,000	9,689
Premises and equipment expense	$146,000	8,152
Additional noninterest expense	$471,000	7,289
Pre-tax net operating income	$404,000	8,479
Securities gains (losses)	$0	4,148
Applicable income taxes	$116,000	8,455
Income before extraordinary items	$288,000	8,530
Extraordinary gains, net	$0	53
Net income	$288,000	8,527
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$39,000	5,752
Cash dividends	$625,000	2,959
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$288,000	8,461
1995-12-31 (YTD Data)		Rank
Total interest income	$1,985,000	9,739
Total interest expense	$784,000	10,009
Net interest income	$1,201,000	9,321
Provision for loan and lease losses	$59,000	5,927
Total noninterest income	$235,000	7,916
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$189,000	5,888
Trading account gains and fees	NA	NA
Additional Noninterest Income	$46,000	9,426
Total noninterest expense	$962,000	9,108
Salaries and employee benefits	$359,000	10,259
Premises and equipment expense	$146,000	8,373
Additional noninterest expense	$457,000	7,639
Pre-tax net operating income	$415,000	8,966
Securities gains (losses)	$-6,000	9,789
Applicable income taxes	$116,000	8,861
Income before extraordinary items	$293,000	9,014
Extraordinary gains, net	$0	65
Net income	$293,000	9,019
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$47,000	5,247
Cash dividends	$0	8,717
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$297,320	8,939
1994-12-31 (YTD Data)		Rank
Total interest income	$1,566,000	10,598
Total interest expense	$524,000	10,993
Net interest income	$1,042,000	10,257
Provision for loan and lease losses	$36,000	6,762
Total noninterest income	$278,000	7,546
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$224,000	5,444
Trading account gains and fees	NA	NA
Additional Noninterest Income	$54,000	9,402
Total noninterest expense	$912,000	9,719
Salaries and employee benefits	$344,000	10,807
Premises and equipment expense	$150,000	8,551
Additional noninterest expense	$418,000	8,640
Pre-tax net operating income	$372,000	9,563
Securities gains (losses)	$0	3,600
Applicable income taxes	$89,000	9,599
Income before extraordinary items	$283,000	9,331
Extraordinary gains, net	$0	249
Net income	$283,000	9,340
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-5,000	10,447
Cash dividends	$200,000	5,405
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$283,000	9,395
1993-12-31 (YTD Data)		Rank
Total interest income	$1,551,000	11,115
Total interest expense	$526,000	11,558
Net interest income	$1,025,000	10,695
Provision for loan and lease losses	$0	10,371
Total noninterest income	$215,000	8,927
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$169,000	6,628
Trading account gains and fees	NA	NA
Additional Noninterest Income	$46,000	10,323
Total noninterest expense	$881,000	10,285
Salaries and employee benefits	$347,000	11,179
Premises and equipment expense	$160,000	8,641
Additional noninterest expense	$374,000	9,548
Pre-tax net operating income	$359,000	9,737
Securities gains (losses)	$0	7,477
Applicable income taxes	$87,000	10,051
Income before extraordinary items	$272,000	9,793
Extraordinary gains, net	$0	3,149
Net income	$272,000	9,935
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$24,000	7,435
Cash dividends	$600,000	2,624
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$272,000	9,534
1992-12-31 (YTD Data)		Rank
Total interest income	$1,619,000	11,679
Total interest expense	$660,000	12,011
Net interest income	$959,000	11,259
Provision for loan and lease losses	$0	11,756
Total noninterest income	$223,000	8,974
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$144,000	7,271
Trading account gains and fees	NA	NA
Additional Noninterest Income	$79,000	8,899
Total noninterest expense	$861,000	10,702
Salaries and employee benefits	$350,000	11,434
Premises and equipment expense	$155,000	8,970
Additional noninterest expense	$356,000	10,116
Pre-tax net operating income	$321,000	9,937
Securities gains (losses)	$7,000	6,774
Applicable income taxes	$100,000	9,918
Income before extraordinary items	$228,000	10,203
Extraordinary gains, net	$56,000	959
Net income	$284,000	9,632
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$51,000	7,501
Cash dividends	$0	8,912
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$223,100	9,929

* 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.