Home > New Valley Bank & Trust > Income and Expense
New Valley Bank & Trust, Income and Expense
| 2021-12-31 (YTD Data) | Rank | |
| Total interest income | $8,833,000 | 2,660 |
| Total interest expense | $990,000 | 2,227 |
| Net interest income | $7,843,000 | 2,679 |
| Provision for loan and lease losses | $1,065,000 | 561 |
| Total noninterest income | $317,000 | 4,004 |
| Gross Fiduciary activities income | $0 | 994 |
| Service charges on deposit accounts | $65,000 | 3,838 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $252,000 | 3,854 |
| Total noninterest expense | $5,005,000 | 3,014 |
| Salaries and employee benefits | $2,874,000 | 2,997 |
| Premises and equipment expense | $502,000 | 3,033 |
| Additional noninterest expense | $1,629,000 | 2,959 |
| Pre-tax net operating income | $2,090,000 | 3,091 |
| Securities gains (losses) | $133,000 | 746 |
| Applicable income taxes | $426,000 | 2,206 |
| Income before extraordinary items | $1,797,000 | 3,159 |
| Extraordinary gains, net | $0 | 10 |
| Net income | $1,797,000 | 3,159 |
| Minority interest net income | $0 | 74 |
| Net income of bank and minority interests. | $1,797,000 | 3,159 |
| Net charge-offs | $0 | 2,705 |
| Cash dividends | $0 | 3,608 |
| Sale, conversion, retirement of capital stock, net | $6,728,000 | 88 |
| Net operating income | $1,689,270 | 3,201 |
| 2021-09-30 (YTD Data) | Rank | |
| Total interest income | $6,805,000 | 2,660 |
| Total interest expense | $820,000 | 2,169 |
| Net interest income | $5,985,000 | 2,701 |
| Provision for loan and lease losses | $885,000 | 515 |
| Total noninterest income | $190,000 | 4,188 |
| Gross Fiduciary activities income | $0 | 957 |
| Service charges on deposit accounts | $44,000 | 3,949 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $146,000 | 4,043 |
| Total noninterest expense | $3,654,000 | 3,066 |
| Salaries and employee benefits | $2,073,000 | 3,069 |
| Premises and equipment expense | $371,000 | 3,073 |
| Additional noninterest expense | $1,210,000 | 2,979 |
| Pre-tax net operating income | $1,636,000 | 3,155 |
| Securities gains (losses) | $133,000 | 700 |
| Applicable income taxes | $326,000 | 2,257 |
| Income before extraordinary items | $1,443,000 | 3,191 |
| Extraordinary gains, net | $0 | 8 |
| Net income | $1,443,000 | 3,190 |
| Minority interest net income | $0 | 69 |
| Net income of bank and minority interests. | $1,443,000 | 3,191 |
| Net charge-offs | $0 | 2,463 |
| Cash dividends | $0 | 3,251 |
| Sale, conversion, retirement of capital stock, net | $18,000 | 504 |
| Net operating income | $1,333,940 | 3,250 |
| 2021-06-30 (YTD Data) | Rank | |
| Total interest income | $4,470,000 | 2,687 |
| Total interest expense | $612,000 | 2,078 |
| Net interest income | $3,858,000 | 2,747 |
| Provision for loan and lease losses | $407,000 | 719 |
| Total noninterest income | $110,000 | 4,297 |
| Gross Fiduciary activities income | $0 | 951 |
| Service charges on deposit accounts | $24,000 | 4,083 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $86,000 | 4,143 |
| Total noninterest expense | $2,318,000 | 3,152 |
| Salaries and employee benefits | $1,310,000 | 3,151 |
| Premises and equipment expense | $249,000 | 3,054 |
| Additional noninterest expense | $759,000 | 3,087 |
| Pre-tax net operating income | $1,243,000 | 3,001 |
| Securities gains (losses) | $118,000 | 610 |
| Applicable income taxes | $176,000 | 2,386 |
| Income before extraordinary items | $1,185,000 | 2,941 |
| Extraordinary gains, net | $0 | 6 |
| Net income | $1,185,000 | 2,940 |
| Minority interest net income | $0 | 67 |
| Net income of bank and minority interests. | $1,185,000 | 2,941 |
| Net charge-offs | $0 | 2,245 |
| Cash dividends | $0 | 3,104 |
| Sale, conversion, retirement of capital stock, net | $4,000 | 503 |
| Net operating income | $1,082,340 | 3,017 |
| 2021-03-31 (YTD Data) | Rank | |
| Total interest income | $2,226,000 | 2,680 |
| Total interest expense | $310,000 | 2,133 |
| Net interest income | $1,916,000 | 2,733 |
| Provision for loan and lease losses | $141,000 | 1,053 |
| Total noninterest income | $52,000 | 4,327 |
| Gross Fiduciary activities income | $0 | 922 |
| Service charges on deposit accounts | $12,000 | 4,083 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $40,000 | 4,163 |
| Total noninterest expense | $1,043,000 | 3,303 |
| Salaries and employee benefits | $575,000 | 3,336 |
| Premises and equipment expense | $128,000 | 3,031 |
| Additional noninterest expense | $340,000 | 3,224 |
| Pre-tax net operating income | $784,000 | 2,693 |
| Securities gains (losses) | $0 | 1,392 |
| Applicable income taxes | $6,000 | 3,373 |
| Income before extraordinary items | $778,000 | 2,556 |
| Extraordinary gains, net | $0 | 3 |
| Net income | $778,000 | 2,554 |
| Minority interest net income | $0 | 55 |
| Net income of bank and minority interests. | $778,000 | 2,556 |
| Net charge-offs | $0 | 1,930 |
| Cash dividends | $0 | 2,452 |
| Sale, conversion, retirement of capital stock, net | $-14,000 | 4,931 |
| Net operating income | $778,000 | 2,526 |
| 2020-12-31 (YTD Data) | Rank | |
| Total interest income | $5,066,000 | 3,572 |
| Total interest expense | $989,000 | 2,954 |
| Net interest income | $4,077,000 | 3,661 |
| Provision for loan and lease losses | $964,000 | 1,635 |
| Total noninterest income | $106,000 | 4,634 |
| Gross Fiduciary activities income | $0 | 1,030 |
| Service charges on deposit accounts | $31,000 | 4,430 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $75,000 | 4,493 |
| Total noninterest expense | $3,730,000 | 3,489 |
| Salaries and employee benefits | $2,231,000 | 3,389 |
| Premises and equipment expense | $410,000 | 3,360 |
| Additional noninterest expense | $1,089,000 | 3,581 |
| Pre-tax net operating income | $-511,000 | 4,870 |
| Securities gains (losses) | $258,000 | 900 |
| Applicable income taxes | $20,000 | 3,396 |
| Income before extraordinary items | $-273,000 | 4,851 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $-273,000 | 4,852 |
| Minority interest net income | $0 | 72 |
| Net income of bank and minority interests. | $-273,000 | 4,851 |
| Net charge-offs | $0 | 3,443 |
| Cash dividends | $0 | 3,782 |
| Sale, conversion, retirement of capital stock, net | $51,000 | 491 |
| Net operating income | $-531,000 | 4,871 |
| 2020-09-30 (YTD Data) | Rank | |
| Total interest income | $2,895,000 | 3,963 |
| Total interest expense | $706,000 | 3,124 |
| Net interest income | $2,189,000 | 4,093 |
| Provision for loan and lease losses | $669,000 | 1,702 |
| Total noninterest income | $67,000 | 4,698 |
| Gross Fiduciary activities income | $0 | 981 |
| Service charges on deposit accounts | $20,000 | 4,527 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $47,000 | 4,566 |
| Total noninterest expense | $2,569,000 | 3,611 |
| Salaries and employee benefits | $1,522,000 | 3,533 |
| Premises and equipment expense | $268,000 | 3,589 |
| Additional noninterest expense | $779,000 | 3,638 |
| Pre-tax net operating income | $-982,000 | 4,933 |
| Securities gains (losses) | $258,000 | 774 |
| Applicable income taxes | $0 | 3,696 |
| Income before extraordinary items | $-724,000 | 4,916 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $-724,000 | 4,916 |
| Minority interest net income | $0 | 65 |
| Net income of bank and minority interests. | $-724,000 | 4,916 |
| Net charge-offs | $0 | 3,243 |
| Cash dividends | $0 | 3,384 |
| Sale, conversion, retirement of capital stock, net | $38,000 | 461 |
| Net operating income | $-982,000 | 4,936 |
| 2020-06-30 (YTD Data) | Rank | |
| Total interest income | $1,539,000 | 4,263 |
| Total interest expense | $444,000 | 3,298 |
| Net interest income | $1,095,000 | 4,411 |
| Provision for loan and lease losses | $352,000 | 1,885 |
| Total noninterest income | $35,000 | 4,788 |
| Gross Fiduciary activities income | $0 | 970 |
| Service charges on deposit accounts | $10,000 | 4,667 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $25,000 | 4,634 |
| Total noninterest expense | $1,642,000 | 3,681 |
| Salaries and employee benefits | $969,000 | 3,619 |
| Premises and equipment expense | $161,000 | 3,740 |
| Additional noninterest expense | $512,000 | 3,672 |
| Pre-tax net operating income | $-864,000 | 4,965 |
| Securities gains (losses) | $143,000 | 844 |
| Applicable income taxes | $0 | 3,655 |
| Income before extraordinary items | $-721,000 | 4,953 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $-721,000 | 4,953 |
| Minority interest net income | $0 | 65 |
| Net income of bank and minority interests. | $-721,000 | 4,953 |
| Net charge-offs | $0 | 3,033 |
| Cash dividends | $0 | 3,237 |
| Sale, conversion, retirement of capital stock, net | $25,000 | 446 |
| Net operating income | $-864,000 | 4,969 |
| 2020-03-31 (YTD Data) | Rank | |
| Total interest income | $519,000 | 4,659 |
| Total interest expense | $217,000 | 3,490 |
| Net interest income | $302,000 | 4,846 |
| Provision for loan and lease losses | $99,000 | 2,011 |
| Total noninterest income | $14,000 | 4,887 |
| Gross Fiduciary activities income | $0 | 941 |
| Service charges on deposit accounts | $3,000 | 4,858 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $11,000 | 4,675 |
| Total noninterest expense | $794,000 | 3,774 |
| Salaries and employee benefits | $486,000 | 3,635 |
| Premises and equipment expense | $81,000 | 3,759 |
| Additional noninterest expense | $227,000 | 3,866 |
| Pre-tax net operating income | $-577,000 | 4,989 |
| Securities gains (losses) | $0 | 1,705 |
| Applicable income taxes | $0 | 3,513 |
| Income before extraordinary items | $-577,000 | 4,967 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $-577,000 | 4,967 |
| Minority interest net income | $0 | 56 |
| Net income of bank and minority interests. | $-577,000 | 4,967 |
| Net charge-offs | $0 | 2,581 |
| Cash dividends | $0 | 2,639 |
| Sale, conversion, retirement of capital stock, net | $13,000 | 428 |
| Net operating income | $-577,000 | 4,994 |
| 2019-12-31 (YTD Data) | Rank | |
| Total interest income | $741,000 | 5,094 |
| Total interest expense | $286,000 | 4,590 |
| Net interest income | $455,000 | 5,131 |
| Provision for loan and lease losses | $361,000 | 1,772 |
| Total noninterest income | $16,000 | 5,089 |
| Gross Fiduciary activities income | $0 | 1,051 |
| Service charges on deposit accounts | $2,000 | 5,021 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $14,000 | 4,970 |
| Total noninterest expense | $3,462,000 | 3,671 |
| Salaries and employee benefits | $995,000 | 4,517 |
| Premises and equipment expense | $154,000 | 4,586 |
| Additional noninterest expense | $2,313,000 | 2,331 |
| Pre-tax net operating income | $-3,352,000 | 5,156 |
| Securities gains (losses) | $0 | 2,379 |
| Applicable income taxes | $0 | 3,859 |
| Income before extraordinary items | $-3,352,000 | 5,153 |
| Extraordinary gains, net | $0 | 11 |
| Net income | $-3,352,000 | 5,154 |
| Minority interest net income | $0 | 76 |
| Net income of bank and minority interests. | $-3,352,000 | 5,154 |
| Net charge-offs | $0 | 3,726 |
| Cash dividends | $0 | 3,944 |
| Sale, conversion, retirement of capital stock, net | $23,545,000 | 35 |
| Net operating income | $-3,352,000 | 5,151 |
| 2019-09-30 (YTD Data) | Rank | |
| Total interest income | $347,000 | 5,223 |
| Total interest expense | $118,000 | 4,964 |
| Net interest income | $229,000 | 5,228 |
| Provision for loan and lease losses | $191,000 | 2,021 |
| Total noninterest income | $1,000 | 5,201 |
| Gross Fiduciary activities income | $0 | 1,014 |
| Service charges on deposit accounts | $1,000 | 5,108 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $0 | 5,152 |
| Total noninterest expense | $2,707,000 | 3,626 |
| Salaries and employee benefits | $559,000 | 4,812 |
| Premises and equipment expense | $76,000 | 4,923 |
| Additional noninterest expense | $2,072,000 | 2,065 |
| Pre-tax net operating income | $-2,668,000 | 5,241 |
| Securities gains (losses) | $0 | 2,167 |
| Applicable income taxes | $0 | 3,902 |
| Income before extraordinary items | $-2,668,000 | 5,235 |
| Extraordinary gains, net | $0 | 11 |
| Net income | $-2,668,000 | 5,235 |
| Minority interest net income | $0 | 72 |
| Net income of bank and minority interests. | $-2,668,000 | 5,235 |
| Net charge-offs | $0 | 3,455 |
| Cash dividends | $0 | 3,588 |
| Sale, conversion, retirement of capital stock, net | $23,534,000 | 21 |
| Net operating income | $-2,668,000 | 5,232 |
| 2019-06-30 (YTD Data) | Rank | |
| Total interest income | $63,000 | 5,295 |
| Total interest expense | $13,000 | 5,252 |
| Net interest income | $50,000 | 5,293 |
| Provision for loan and lease losses | $91,000 | 2,278 |
| Total noninterest income | $0 | 5,250 |
| Gross Fiduciary activities income | $0 | 1,004 |
| Service charges on deposit accounts | $0 | 5,168 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $0 | 5,202 |
| Total noninterest expense | $2,050,000 | 3,422 |
| Salaries and employee benefits | $144,000 | 5,231 |
| Premises and equipment expense | $14,000 | 5,246 |
| Additional noninterest expense | $1,892,000 | 1,590 |
| Pre-tax net operating income | $-2,091,000 | 5,290 |
| Securities gains (losses) | $0 | 1,702 |
| Applicable income taxes | $0 | 3,901 |
| Income before extraordinary items | $-2,091,000 | 5,285 |
| Extraordinary gains, net | $0 | 11 |
| Net income | $-2,091,000 | 5,284 |
| Minority interest net income | $0 | 69 |
| Net income of bank and minority interests. | $-2,091,000 | 5,284 |
| Net charge-offs | $0 | 3,172 |
| Cash dividends | $0 | 3,456 |
| Sale, conversion, retirement of capital stock, net | $23,523,000 | 13 |
| Net operating income | $-2,091,000 | 5,283 |
* 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.