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Oceanmark Bank, A FSB, Income and Expense

1998-12-31 (YTD Data)Rank
Total interest income$4,375,0006,161
Total interest expense$2,266,0005,718
Net interest income$2,109,0006,479
Provision for loan and lease losses$235,0003,172
Total noninterest income$1,007,0003,062
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0224
Additional Noninterest Income$1,007,0001,847
Total noninterest expense$3,669,0003,469
Salaries and employee benefits$1,892,0003,513
Premises and equipment expense$794,0002,469
Additional noninterest expense$983,0004,018
Pre-tax net operating income$-788,00010,296
Securities gains (losses)$733,000454
Applicable income taxes$09,340
Income before extraordinary items$-55,0009,910
Extraordinary gains, net$032
Net income$-55,0009,909
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$-878,00010,438
Cash dividends$07,473
Sale, conversion, retirement of capital stock, net$01,027
Net operating income$-788,00010,307
1997-12-31 (YTD Data)Rank
Total interest income$4,962,0005,834
Total interest expense$2,398,0005,573
Net interest income$2,564,0005,953
Provision for loan and lease losses$206,0003,376
Total noninterest income$2,973,0001,302
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0239
Additional Noninterest Income$2,973,000844
Total noninterest expense$7,658,0001,703
Salaries and employee benefits$4,588,0001,424
Premises and equipment expense$878,0002,240
Additional noninterest expense$2,192,0001,937
Pre-tax net operating income$-2,327,00010,901
Securities gains (losses)$2,971,000133
Applicable income taxes$245,0006,308
Income before extraordinary items$399,0007,649
Extraordinary gains, net$044
Net income$399,0007,652
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$224,0002,372
Cash dividends$07,871
Sale, conversion, retirement of capital stock, net$01,030
Net operating income$-1,502,44010,867
1996-12-31 (YTD Data)Rank
Total interest income$4,988,0005,942
Total interest expense$2,325,0005,801
Net interest income$2,663,0005,939
Provision for loan and lease losses$642,0001,431
Total noninterest income$1,012,0003,096
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0262
Additional Noninterest Income$1,012,0001,801
Total noninterest expense$10,670,0001,345
Salaries and employee benefits$6,757,000991
Premises and equipment expense$915,0002,174
Additional noninterest expense$2,998,0001,737
Pre-tax net operating income$-7,637,00011,458
Securities gains (losses)$7,201,00061
Applicable income taxes$-179,00011,254
Income before extraordinary items$-257,00011,149
Extraordinary gains, net$053
Net income$-257,00011,147
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$08,805
Cash dividends$08,336
Sale, conversion, retirement of capital stock, net$0953
Net operating income$-4,865,64011,426
1995-12-31 (YTD Data)Rank
Total interest income$4,039,0006,940
Total interest expense$2,089,0006,284
Net interest income$1,950,0007,414
Provision for loan and lease losses$71,0005,396
Total noninterest income$592,0004,620
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0522
Additional Noninterest Income$592,0002,553
Total noninterest expense$5,020,0002,701
Salaries and employee benefits$3,061,0002,166
Premises and equipment expense$574,0003,332
Additional noninterest expense$1,385,0003,302
Pre-tax net operating income$-2,549,00011,939
Securities gains (losses)$3,065,00097
Applicable income taxes$164,0008,034
Income before extraordinary items$352,0008,462
Extraordinary gains, net$065
Net income$352,0008,463
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$3,0008,320
Cash dividends$08,717
Sale, conversion, retirement of capital stock, netNANA
Net operating income$-1,732,20011,896
1994-12-31 (YTD Data)Rank
Total interest income$3,195,0007,767
Total interest expense$1,380,0007,270
Net interest income$1,815,0008,002
Provision for loan and lease losses$32,0007,014
Total noninterest income$618,0004,554
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0475
Additional Noninterest Income$618,0002,528
Total noninterest expense$4,216,0003,255
Salaries and employee benefits$2,604,0002,558
Premises and equipment expense$485,0003,904
Additional noninterest expense$1,127,0004,280
Pre-tax net operating income$-1,815,00012,514
Securities gains (losses)$1,731,000103
Applicable income taxes$-26,00012,148
Income before extraordinary items$-58,00012,117
Extraordinary gains, net$0249
Net income$-58,00012,118
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$21,0006,562
Cash dividends$08,932
Sale, conversion, retirement of capital stock, net$01,160
Net operating income$-1,252,39012,449
1993-12-31 (YTD Data)Rank
Total interest income$3,304,0007,833
Total interest expense$1,535,0007,091
Net interest income$1,769,0008,322
Provision for loan and lease losses$12,0009,545
Total noninterest income$805,0003,970
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0532
Additional Noninterest Income$805,0002,375
Total noninterest expense$4,743,0002,987
Salaries and employee benefits$3,080,0002,152
Premises and equipment expense$519,0003,736
Additional noninterest expense$1,144,0004,383
Pre-tax net operating income$-2,181,00013,097
Securities gains (losses)$2,892,000243
Applicable income taxes$40,00011,152
Income before extraordinary items$671,0006,289
Extraordinary gains, net$03,149
Net income$671,0006,466
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$09,922
Cash dividends$09,081
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$-2,047,48013,064
1992-12-31 (YTD Data)Rank
Total interest income$3,244,0008,571
Total interest expense$1,889,0007,382
Net interest income$1,355,0009,777
Provision for loan and lease losses$66,0008,365
Total noninterest income$507,0005,586
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0504
Additional Noninterest Income$507,0003,155
Total noninterest expense$2,858,0004,735
Salaries and employee benefits$1,692,0003,784
Premises and equipment expense$357,0005,287
Additional noninterest expense$809,0006,020
Pre-tax net operating income$-1,062,00013,488
Securities gains (losses)$1,699,000452
Applicable income taxes$15,00012,232
Income before extraordinary items$622,0006,421
Extraordinary gains, net$01,422
Net income$622,0006,488
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$18,0009,274
Cash dividends$08,912
Sale, conversion, retirement of capital stock, net$01,165
Net operating income$-1,043,02013,492

* 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.