Home > Old Kent Bank of Petoskey > Income and Expense
Old Kent Bank of Petoskey, Income and Expense
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $12,040,000 | 2,513 |
| Total interest expense | $4,441,000 | 2,762 |
| Net interest income | $7,599,000 | 2,374 |
| Provision for loan and lease losses | $160,000 | 3,463 |
| Total noninterest income | $1,336,000 | 2,515 |
| Gross Fiduciary activities income | $0 | 1,599 |
| Service charges on deposit accounts | $632,000 | 2,143 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $704,000 | 2,326 |
| Total noninterest expense | $4,354,000 | 3,164 |
| Salaries and employee benefits | $1,852,000 | 3,516 |
| Premises and equipment expense | $362,000 | 4,971 |
| Additional noninterest expense | $2,140,000 | 2,443 |
| Pre-tax net operating income | $4,421,000 | 1,620 |
| Securities gains (losses) | $22,000 | 1,687 |
| Applicable income taxes | $1,508,000 | 1,551 |
| Income before extraordinary items | $2,935,000 | 1,669 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $2,935,000 | 1,668 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $75,000 | 4,289 |
| Cash dividends | $1,000,000 | 1,879 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $2,920,480 | 1,682 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $11,179,000 | 2,775 |
| Total interest expense | $4,330,000 | 2,947 |
| Net interest income | $6,849,000 | 2,633 |
| Provision for loan and lease losses | $440,000 | 2,303 |
| Total noninterest income | $1,613,000 | 2,301 |
| Gross Fiduciary activities income | $0 | 1,630 |
| Service charges on deposit accounts | $565,000 | 2,441 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $1,048,000 | 1,970 |
| Total noninterest expense | $4,176,000 | 3,346 |
| Salaries and employee benefits | $1,768,000 | 3,671 |
| Premises and equipment expense | $422,000 | 4,499 |
| Additional noninterest expense | $1,986,000 | 2,752 |
| Pre-tax net operating income | $3,846,000 | 1,793 |
| Securities gains (losses) | $0 | 7,477 |
| Applicable income taxes | $1,295,000 | 1,805 |
| Income before extraordinary items | $2,551,000 | 1,961 |
| Extraordinary gains, net | $-27,000 | 12,528 |
| Net income | $2,524,000 | 2,049 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $212,000 | 3,031 |
| Cash dividends | $2,500,000 | 830 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $2,551,000 | 1,843 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $12,352,000 | 2,831 |
| Total interest expense | $5,604,000 | 2,971 |
| Net interest income | $6,748,000 | 2,700 |
| Provision for loan and lease losses | $879,000 | 2,019 |
| Total noninterest income | $1,251,000 | 2,776 |
| Gross Fiduciary activities income | $0 | 1,658 |
| Service charges on deposit accounts | $472,000 | 2,957 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $779,000 | 2,345 |
| Total noninterest expense | $3,950,000 | 3,545 |
| Salaries and employee benefits | $1,696,000 | 3,778 |
| Premises and equipment expense | $359,000 | 5,264 |
| Additional noninterest expense | $1,895,000 | 2,929 |
| Pre-tax net operating income | $3,170,000 | 1,961 |
| Securities gains (losses) | $10,000 | 6,439 |
| Applicable income taxes | $1,065,000 | 1,994 |
| Income before extraordinary items | $2,115,000 | 2,166 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $2,115,000 | 2,193 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $264,000 | 3,605 |
| Cash dividends | $1,775,000 | 954 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $2,108,300 | 2,001 |
* 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.