Home > New Valley Bank & Trust > Income and Expense

New Valley Bank & Trust, Income and Expense

2021-12-31 (YTD Data)Rank
Total interest income$8,833,0002,660
Total interest expense$990,0002,227
Net interest income$7,843,0002,679
Provision for loan and lease losses$1,065,000561
Total noninterest income$317,0004,004
Gross Fiduciary activities income$0994
Service charges on deposit accounts$65,0003,838
Trading account gains and feesNANA
Additional Noninterest Income$252,0003,854
Total noninterest expense$5,005,0003,014
Salaries and employee benefits$2,874,0002,997
Premises and equipment expense$502,0003,033
Additional noninterest expense$1,629,0002,959
Pre-tax net operating income$2,090,0003,091
Securities gains (losses)$133,000746
Applicable income taxes$426,0002,206
Income before extraordinary items$1,797,0003,159
Extraordinary gains, net$010
Net income$1,797,0003,159
Minority interest net income$074
Net income of bank and minority interests.$1,797,0003,159
Net charge-offs$02,705
Cash dividends$03,608
Sale, conversion, retirement of capital stock, net$6,728,00088
Net operating income$1,689,2703,201
2021-09-30 (YTD Data)Rank
Total interest income$6,805,0002,660
Total interest expense$820,0002,169
Net interest income$5,985,0002,701
Provision for loan and lease losses$885,000515
Total noninterest income$190,0004,188
Gross Fiduciary activities income$0957
Service charges on deposit accounts$44,0003,949
Trading account gains and feesNANA
Additional Noninterest Income$146,0004,043
Total noninterest expense$3,654,0003,066
Salaries and employee benefits$2,073,0003,069
Premises and equipment expense$371,0003,073
Additional noninterest expense$1,210,0002,979
Pre-tax net operating income$1,636,0003,155
Securities gains (losses)$133,000700
Applicable income taxes$326,0002,257
Income before extraordinary items$1,443,0003,191
Extraordinary gains, net$08
Net income$1,443,0003,190
Minority interest net income$069
Net income of bank and minority interests.$1,443,0003,191
Net charge-offs$02,463
Cash dividends$03,251
Sale, conversion, retirement of capital stock, net$18,000504
Net operating income$1,333,9403,250
2021-06-30 (YTD Data)Rank
Total interest income$4,470,0002,687
Total interest expense$612,0002,078
Net interest income$3,858,0002,747
Provision for loan and lease losses$407,000719
Total noninterest income$110,0004,297
Gross Fiduciary activities income$0951
Service charges on deposit accounts$24,0004,083
Trading account gains and feesNANA
Additional Noninterest Income$86,0004,143
Total noninterest expense$2,318,0003,152
Salaries and employee benefits$1,310,0003,151
Premises and equipment expense$249,0003,054
Additional noninterest expense$759,0003,087
Pre-tax net operating income$1,243,0003,001
Securities gains (losses)$118,000610
Applicable income taxes$176,0002,386
Income before extraordinary items$1,185,0002,941
Extraordinary gains, net$06
Net income$1,185,0002,940
Minority interest net income$067
Net income of bank and minority interests.$1,185,0002,941
Net charge-offs$02,245
Cash dividends$03,104
Sale, conversion, retirement of capital stock, net$4,000503
Net operating income$1,082,3403,017
2021-03-31 (YTD Data)Rank
Total interest income$2,226,0002,680
Total interest expense$310,0002,133
Net interest income$1,916,0002,733
Provision for loan and lease losses$141,0001,053
Total noninterest income$52,0004,327
Gross Fiduciary activities income$0922
Service charges on deposit accounts$12,0004,083
Trading account gains and feesNANA
Additional Noninterest Income$40,0004,163
Total noninterest expense$1,043,0003,303
Salaries and employee benefits$575,0003,336
Premises and equipment expense$128,0003,031
Additional noninterest expense$340,0003,224
Pre-tax net operating income$784,0002,693
Securities gains (losses)$01,392
Applicable income taxes$6,0003,373
Income before extraordinary items$778,0002,556
Extraordinary gains, net$03
Net income$778,0002,554
Minority interest net income$055
Net income of bank and minority interests.$778,0002,556
Net charge-offs$01,930
Cash dividends$02,452
Sale, conversion, retirement of capital stock, net$-14,0004,931
Net operating income$778,0002,526
2020-12-31 (YTD Data)Rank
Total interest income$5,066,0003,572
Total interest expense$989,0002,954
Net interest income$4,077,0003,661
Provision for loan and lease losses$964,0001,635
Total noninterest income$106,0004,634
Gross Fiduciary activities income$01,030
Service charges on deposit accounts$31,0004,430
Trading account gains and feesNANA
Additional Noninterest Income$75,0004,493
Total noninterest expense$3,730,0003,489
Salaries and employee benefits$2,231,0003,389
Premises and equipment expense$410,0003,360
Additional noninterest expense$1,089,0003,581
Pre-tax net operating income$-511,0004,870
Securities gains (losses)$258,000900
Applicable income taxes$20,0003,396
Income before extraordinary items$-273,0004,851
Extraordinary gains, net$04
Net income$-273,0004,852
Minority interest net income$072
Net income of bank and minority interests.$-273,0004,851
Net charge-offs$03,443
Cash dividends$03,782
Sale, conversion, retirement of capital stock, net$51,000491
Net operating income$-531,0004,871
2020-09-30 (YTD Data)Rank
Total interest income$2,895,0003,963
Total interest expense$706,0003,124
Net interest income$2,189,0004,093
Provision for loan and lease losses$669,0001,702
Total noninterest income$67,0004,698
Gross Fiduciary activities income$0981
Service charges on deposit accounts$20,0004,527
Trading account gains and feesNANA
Additional Noninterest Income$47,0004,566
Total noninterest expense$2,569,0003,611
Salaries and employee benefits$1,522,0003,533
Premises and equipment expense$268,0003,589
Additional noninterest expense$779,0003,638
Pre-tax net operating income$-982,0004,933
Securities gains (losses)$258,000774
Applicable income taxes$03,696
Income before extraordinary items$-724,0004,916
Extraordinary gains, net$04
Net income$-724,0004,916
Minority interest net income$065
Net income of bank and minority interests.$-724,0004,916
Net charge-offs$03,243
Cash dividends$03,384
Sale, conversion, retirement of capital stock, net$38,000461
Net operating income$-982,0004,936
2020-06-30 (YTD Data)Rank
Total interest income$1,539,0004,263
Total interest expense$444,0003,298
Net interest income$1,095,0004,411
Provision for loan and lease losses$352,0001,885
Total noninterest income$35,0004,788
Gross Fiduciary activities income$0970
Service charges on deposit accounts$10,0004,667
Trading account gains and feesNANA
Additional Noninterest Income$25,0004,634
Total noninterest expense$1,642,0003,681
Salaries and employee benefits$969,0003,619
Premises and equipment expense$161,0003,740
Additional noninterest expense$512,0003,672
Pre-tax net operating income$-864,0004,965
Securities gains (losses)$143,000844
Applicable income taxes$03,655
Income before extraordinary items$-721,0004,953
Extraordinary gains, net$04
Net income$-721,0004,953
Minority interest net income$065
Net income of bank and minority interests.$-721,0004,953
Net charge-offs$03,033
Cash dividends$03,237
Sale, conversion, retirement of capital stock, net$25,000446
Net operating income$-864,0004,969
2020-03-31 (YTD Data)Rank
Total interest income$519,0004,659
Total interest expense$217,0003,490
Net interest income$302,0004,846
Provision for loan and lease losses$99,0002,011
Total noninterest income$14,0004,887
Gross Fiduciary activities income$0941
Service charges on deposit accounts$3,0004,858
Trading account gains and feesNANA
Additional Noninterest Income$11,0004,675
Total noninterest expense$794,0003,774
Salaries and employee benefits$486,0003,635
Premises and equipment expense$81,0003,759
Additional noninterest expense$227,0003,866
Pre-tax net operating income$-577,0004,989
Securities gains (losses)$01,705
Applicable income taxes$03,513
Income before extraordinary items$-577,0004,967
Extraordinary gains, net$04
Net income$-577,0004,967
Minority interest net income$056
Net income of bank and minority interests.$-577,0004,967
Net charge-offs$02,581
Cash dividends$02,639
Sale, conversion, retirement of capital stock, net$13,000428
Net operating income$-577,0004,994
2019-12-31 (YTD Data)Rank
Total interest income$741,0005,094
Total interest expense$286,0004,590
Net interest income$455,0005,131
Provision for loan and lease losses$361,0001,772
Total noninterest income$16,0005,089
Gross Fiduciary activities income$01,051
Service charges on deposit accounts$2,0005,021
Trading account gains and feesNANA
Additional Noninterest Income$14,0004,970
Total noninterest expense$3,462,0003,671
Salaries and employee benefits$995,0004,517
Premises and equipment expense$154,0004,586
Additional noninterest expense$2,313,0002,331
Pre-tax net operating income$-3,352,0005,156
Securities gains (losses)$02,379
Applicable income taxes$03,859
Income before extraordinary items$-3,352,0005,153
Extraordinary gains, net$011
Net income$-3,352,0005,154
Minority interest net income$076
Net income of bank and minority interests.$-3,352,0005,154
Net charge-offs$03,726
Cash dividends$03,944
Sale, conversion, retirement of capital stock, net$23,545,00035
Net operating income$-3,352,0005,151
2019-09-30 (YTD Data)Rank
Total interest income$347,0005,223
Total interest expense$118,0004,964
Net interest income$229,0005,228
Provision for loan and lease losses$191,0002,021
Total noninterest income$1,0005,201
Gross Fiduciary activities income$01,014
Service charges on deposit accounts$1,0005,108
Trading account gains and feesNANA
Additional Noninterest Income$05,152
Total noninterest expense$2,707,0003,626
Salaries and employee benefits$559,0004,812
Premises and equipment expense$76,0004,923
Additional noninterest expense$2,072,0002,065
Pre-tax net operating income$-2,668,0005,241
Securities gains (losses)$02,167
Applicable income taxes$03,902
Income before extraordinary items$-2,668,0005,235
Extraordinary gains, net$011
Net income$-2,668,0005,235
Minority interest net income$072
Net income of bank and minority interests.$-2,668,0005,235
Net charge-offs$03,455
Cash dividends$03,588
Sale, conversion, retirement of capital stock, net$23,534,00021
Net operating income$-2,668,0005,232
2019-06-30 (YTD Data)Rank
Total interest income$63,0005,295
Total interest expense$13,0005,252
Net interest income$50,0005,293
Provision for loan and lease losses$91,0002,278
Total noninterest income$05,250
Gross Fiduciary activities income$01,004
Service charges on deposit accounts$05,168
Trading account gains and feesNANA
Additional Noninterest Income$05,202
Total noninterest expense$2,050,0003,422
Salaries and employee benefits$144,0005,231
Premises and equipment expense$14,0005,246
Additional noninterest expense$1,892,0001,590
Pre-tax net operating income$-2,091,0005,290
Securities gains (losses)$01,702
Applicable income taxes$03,901
Income before extraordinary items$-2,091,0005,285
Extraordinary gains, net$011
Net income$-2,091,0005,284
Minority interest net income$069
Net income of bank and minority interests.$-2,091,0005,284
Net charge-offs$03,172
Cash dividends$03,456
Sale, conversion, retirement of capital stock, net$23,523,00013
Net operating income$-2,091,0005,283

* 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.