Home > Old Kent Bank of Ludington > Income and Expense
Old Kent Bank of Ludington, Income and Expense
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $5,813,000 | 5,007 |
| Total interest expense | $2,173,000 | 5,224 |
| Net interest income | $3,640,000 | 4,766 |
| Provision for loan and lease losses | $165,000 | 3,404 |
| Total noninterest income | $535,000 | 5,040 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $315,000 | 4,188 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $220,000 | 4,970 |
| Total noninterest expense | $2,216,000 | 5,700 |
| Salaries and employee benefits | $877,000 | 6,771 |
| Premises and equipment expense | $138,000 | 8,875 |
| Additional noninterest expense | $1,201,000 | 4,051 |
| Pre-tax net operating income | $1,794,000 | 3,753 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $364,000 | 5,112 |
| Income before extraordinary items | $1,430,000 | 3,300 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $1,430,000 | 3,315 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $64,000 | 4,622 |
| Cash dividends | $1,300,000 | 1,560 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $1,430,000 | 3,330 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $6,006,000 | 4,948 |
| Total interest expense | $2,352,000 | 5,065 |
| Net interest income | $3,654,000 | 4,771 |
| Provision for loan and lease losses | $155,000 | 4,559 |
| Total noninterest income | $508,000 | 5,538 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $280,000 | 4,691 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $228,000 | 5,274 |
| Total noninterest expense | $2,192,000 | 5,880 |
| Salaries and employee benefits | $930,000 | 6,546 |
| Premises and equipment expense | $160,000 | 8,641 |
| Additional noninterest expense | $1,102,000 | 4,526 |
| Pre-tax net operating income | $1,815,000 | 3,646 |
| Securities gains (losses) | $0 | 7,477 |
| Applicable income taxes | $345,000 | 5,559 |
| Income before extraordinary items | $1,470,000 | 3,303 |
| Extraordinary gains, net | $15,000 | 2,819 |
| Net income | $1,485,000 | 3,376 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $148,000 | 3,696 |
| Cash dividends | $1,900,000 | 1,074 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $1,470,000 | 3,128 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $6,443,000 | 5,178 |
| Total interest expense | $2,998,000 | 5,170 |
| Net interest income | $3,445,000 | 5,074 |
| Provision for loan and lease losses | $180,000 | 5,503 |
| Total noninterest income | $495,000 | 5,681 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $248,000 | 5,171 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $247,000 | 4,993 |
| Total noninterest expense | $2,135,000 | 6,075 |
| Salaries and employee benefits | $895,000 | 6,653 |
| Premises and equipment expense | $95,000 | 10,910 |
| Additional noninterest expense | $1,145,000 | 4,533 |
| Pre-tax net operating income | $1,625,000 | 3,757 |
| Securities gains (losses) | $0 | 8,369 |
| Applicable income taxes | $260,000 | 6,508 |
| Income before extraordinary items | $1,365,000 | 3,363 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $1,365,000 | 3,405 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $74,000 | 6,645 |
| Cash dividends | $100,000 | 6,542 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $1,365,000 | 3,117 |
* 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.