Home > Riggs Bank > Income and Expense

Riggs Bank, Income and Expense

2005-03-31 (YTD Data)		Rank
Total interest income	$58,060,000	187
Total interest expense	$21,264,000	175
Net interest income	$36,796,000	202
Provision for loan and lease losses	$500,000	469
Total noninterest income	$25,612,000	146
Gross Fiduciary activities income	$8,045,000	62
Service charges on deposit accounts	$4,782,000	108
Trading account gains and fees	$0	115
Additional Noninterest Income	$12,785,000	172
Total noninterest expense	$75,233,000	104
Salaries and employee benefits	$32,095,000	109
Premises and equipment expense	$9,570,000	98
Additional noninterest expense	$33,568,000	97
Pre-tax net operating income	$-13,325,000	8,933
Securities gains (losses)	$565,000	135
Applicable income taxes	$-1,942,000	8,924
Income before extraordinary items	$-10,818,000	8,926
Extraordinary gains, net	$892,000	4
Net income	$-9,926,000	8,926
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$526,000	336
Cash dividends	$0	3,863
Sale, conversion, retirement of capital stock, net	$0	491
Net operating income	$-11,298,250	8,922
2004-12-31 (YTD Data)		Rank
Total interest income	$224,000,000	182
Total interest expense	$54,748,000	199
Net interest income	$169,252,000	172
Provision for loan and lease losses	$49,000	5,966
Total noninterest income	$96,952,000	155
Gross Fiduciary activities income	$35,605,000	57
Service charges on deposit accounts	$21,629,000	109
Trading account gains and fees	$0	138
Additional Noninterest Income	$39,718,000	195
Total noninterest expense	$331,308,000	98
Salaries and employee benefits	$125,770,000	101
Premises and equipment expense	$38,097,000	94
Additional noninterest expense	$167,441,000	87
Pre-tax net operating income	$-65,153,000	8,983
Securities gains (losses)	$228,000	767
Applicable income taxes	$-4,046,000	8,966
Income before extraordinary items	$-60,879,000	8,974
Extraordinary gains, net	$1,670,000	5
Net income	$-59,209,000	8,974
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$2,194,000	429
Cash dividends	$0	6,149
Sale, conversion, retirement of capital stock, net	$0	872
Net operating income	$-61,093,320	8,972
2004-09-30 (YTD Data)		Rank
Total interest income	$167,572,000	184
Total interest expense	$36,445,000	216
Net interest income	$131,127,000	168
Provision for loan and lease losses	$750,000	1,009
Total noninterest income	$74,782,000	154
Gross Fiduciary activities income	$27,246,000	57
Service charges on deposit accounts	$16,835,000	110
Trading account gains and fees	$0	134
Additional Noninterest Income	$30,701,000	203
Total noninterest expense	$225,567,000	111
Salaries and employee benefits	$92,383,000	104
Premises and equipment expense	$27,948,000	98
Additional noninterest expense	$105,236,000	99
Pre-tax net operating income	$-20,408,000	9,025
Securities gains (losses)	$228,000	711
Applicable income taxes	$-3,546,000	9,013
Income before extraordinary items	$-16,634,000	9,020
Extraordinary gains, net	$1,221,000	4
Net income	$-15,413,000	9,021
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,834,000	376
Cash dividends	$0	5,363
Sale, conversion, retirement of capital stock, net	$0	738
Net operating income	$-16,820,960	9,015
2004-06-30 (YTD Data)		Rank
Total interest income	$110,022,000	181
Total interest expense	$21,391,000	228
Net interest income	$88,631,000	164
Provision for loan and lease losses	$0	6,885
Total noninterest income	$47,945,000	159
Gross Fiduciary activities income	$18,762,000	56
Service charges on deposit accounts	$11,542,000	108
Trading account gains and fees	$0	130
Additional Noninterest Income	$17,641,000	219
Total noninterest expense	$152,337,000	110
Salaries and employee benefits	$58,574,000	115
Premises and equipment expense	$17,325,000	104
Additional noninterest expense	$76,438,000	93
Pre-tax net operating income	$-15,761,000	9,081
Securities gains (losses)	$226,000	599
Applicable income taxes	$837,000	1,475
Income before extraordinary items	$-16,372,000	9,075
Extraordinary gains, net	$-3,528,000	9,076
Net income	$-19,900,000	9,077
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$901,000	465
Cash dividends	$0	5,087
Sale, conversion, retirement of capital stock, net	$0	638
Net operating income	$-16,598,000	9,072
2004-03-31 (YTD Data)		Rank
Total interest income	$57,557,000	173
Total interest expense	$11,032,000	229
Net interest income	$46,525,000	161
Provision for loan and lease losses	$0	6,501
Total noninterest income	$25,379,000	149
Gross Fiduciary activities income	$9,695,000	54
Service charges on deposit accounts	$6,085,000	102
Trading account gains and fees	$0	121
Additional Noninterest Income	$9,599,000	209
Total noninterest expense	$59,042,000	129
Salaries and employee benefits	$31,225,000	105
Premises and equipment expense	$9,155,000	101
Additional noninterest expense	$18,662,000	142
Pre-tax net operating income	$12,862,000	250
Securities gains (losses)	$226,000	458
Applicable income taxes	$3,955,000	275
Income before extraordinary items	$9,133,000	254
Extraordinary gains, net	$0	16
Net income	$9,133,000	255
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$546,000	404
Cash dividends	$0	3,841
Sale, conversion, retirement of capital stock, net	$0	464
Net operating income	$8,974,800	243
2003-12-31 (YTD Data)		Rank
Total interest income	$232,473,000	177
Total interest expense	$50,700,000	218
Net interest income	$181,773,000	157
Provision for loan and lease losses	$5,146,000	325
Total noninterest income	$100,927,000	155
Gross Fiduciary activities income	$39,555,000	54
Service charges on deposit accounts	$21,566,000	116
Trading account gains and fees	$0	160
Additional Noninterest Income	$39,806,000	214
Total noninterest expense	$257,166,000	123
Salaries and employee benefits	$116,092,000	116
Premises and equipment expense	$34,026,000	109
Additional noninterest expense	$107,048,000	117
Pre-tax net operating income	$20,388,000	476
Securities gains (losses)	$13,332,000	90
Applicable income taxes	$9,073,000	394
Income before extraordinary items	$24,647,000	324
Extraordinary gains, net	$0	54
Net income	$24,647,000	325
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$3,070,000	398
Cash dividends	$35,621,000	154
Sale, conversion, retirement of capital stock, net	$0	868
Net operating income	$14,914,640	446
2003-09-30 (YTD Data)		Rank
Total interest income	$176,993,000	179
Total interest expense	$39,773,000	220
Net interest income	$137,220,000	161
Provision for loan and lease losses	$2,321,000	464
Total noninterest income	$75,948,000	158
Gross Fiduciary activities income	$27,023,000	56
Service charges on deposit accounts	$16,091,000	120
Trading account gains and fees	$0	153
Additional Noninterest Income	$32,834,000	206
Total noninterest expense	$187,465,000	126
Salaries and employee benefits	$85,929,000	119
Premises and equipment expense	$24,694,000	111
Additional noninterest expense	$76,842,000	123
Pre-tax net operating income	$23,382,000	351
Securities gains (losses)	$12,557,000	89
Applicable income taxes	$9,550,000	321
Income before extraordinary items	$26,389,000	263
Extraordinary gains, net	$0	40
Net income	$26,389,000	263
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,638,000	510
Cash dividends	$28,764,000	149
Sale, conversion, retirement of capital stock, net	$0	722
Net operating income	$17,222,390	331
2003-06-30 (YTD Data)		Rank
Total interest income	$124,498,000	174
Total interest expense	$28,438,000	214
Net interest income	$96,060,000	152
Provision for loan and lease losses	$1,741,000	432
Total noninterest income	$47,738,000	162
Gross Fiduciary activities income	$17,858,000	56
Service charges on deposit accounts	$10,078,000	124
Trading account gains and fees	$0	150
Additional Noninterest Income	$19,802,000	212
Total noninterest expense	$122,300,000	130
Salaries and employee benefits	$55,256,000	120
Premises and equipment expense	$16,323,000	113
Additional noninterest expense	$50,721,000	121
Pre-tax net operating income	$19,757,000	298
Securities gains (losses)	$11,134,000	77
Applicable income taxes	$10,631,000	233
Income before extraordinary items	$20,260,000	240
Extraordinary gains, net	$0	30
Net income	$20,260,000	240
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,371,000	425
Cash dividends	$8,504,000	238
Sale, conversion, retirement of capital stock, net	$0	589
Net operating income	$12,911,560	302
2003-03-31 (YTD Data)		Rank
Total interest income	$63,689,000	175
Total interest expense	$14,445,000	220
Net interest income	$49,244,000	153
Provision for loan and lease losses	$926,000	396
Total noninterest income	$23,724,000	163
Gross Fiduciary activities income	$8,825,000	58
Service charges on deposit accounts	$5,252,000	121
Trading account gains and fees	$0	134
Additional Noninterest Income	$9,647,000	215
Total noninterest expense	$58,272,000	131
Salaries and employee benefits	$27,868,000	122
Premises and equipment expense	$8,264,000	114
Additional noninterest expense	$22,140,000	128
Pre-tax net operating income	$13,770,000	239
Securities gains (losses)	$4,627,000	84
Applicable income taxes	$5,548,000	233
Income before extraordinary items	$12,849,000	196
Extraordinary gains, net	$0	21
Net income	$12,849,000	196
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$1,035,000	322
Cash dividends	$8,503,000	142
Sale, conversion, retirement of capital stock, net	$0	419
Net operating income	$9,610,100	233
2002-12-31 (YTD Data)		Rank
Total interest income	$255,762,000	178
Total interest expense	$60,490,000	238
Net interest income	$195,272,000	157
Provision for loan and lease losses	$421,000	2,720
Total noninterest income	$98,771,000	158
Gross Fiduciary activities income	$39,555,000	56
Service charges on deposit accounts	$19,266,000	126
Trading account gains and fees	$0	153
Additional Noninterest Income	$39,950,000	202
Total noninterest expense	$236,188,000	126
Salaries and employee benefits	$108,911,000	116
Premises and equipment expense	$32,588,000	110
Additional noninterest expense	$94,689,000	129
Pre-tax net operating income	$57,434,000	229
Securities gains (losses)	$9,450,000	112
Applicable income taxes	$20,404,000	225
Income before extraordinary items	$46,480,000	208
Extraordinary gains, net	$0	70
Net income	$46,480,000	209
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$4,720,000	335
Cash dividends	$54,019,000	131
Sale, conversion, retirement of capital stock, net	$0	862
Net operating income	$39,959,500	220
2001-12-31 (YTD Data)		Rank
Total interest income	$292,150,000	181
Total interest expense	$104,915,000	215
Net interest income	$187,235,000	157
Provision for loan and lease losses	$2,526,000	581
Total noninterest income	$104,118,000	152
Gross Fiduciary activities income	$43,787,000	57
Service charges on deposit accounts	$17,547,000	124
Trading account gains and fees	$0	177
Additional Noninterest Income	$42,784,000	198
Total noninterest expense	$256,784,000	117
Salaries and employee benefits	$103,501,000	113
Premises and equipment expense	$32,898,000	106
Additional noninterest expense	$120,385,000	123
Pre-tax net operating income	$32,043,000	299
Securities gains (losses)	$729,000	487
Applicable income taxes	$16,729,000	239
Income before extraordinary items	$16,043,000	383
Extraordinary gains, net	$0	105
Net income	$16,043,000	383
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$8,979,000	220
Cash dividends	$0	6,617
Sale, conversion, retirement of capital stock, net	$0	922
Net operating income	$15,576,440	374
2000-12-31 (YTD Data)		Rank
Total interest income	$339,274,000	179
Total interest expense	$157,190,000	194
Net interest income	$182,084,000	160
Provision for loan and lease losses	$18,791,000	153
Total noninterest income	$110,659,000	150
Gross Fiduciary activities income	$55,207,000	47
Service charges on deposit accounts	$14,362,000	142
Trading account gains and fees	$0	180
Additional Noninterest Income	$41,090,000	187
Total noninterest expense	$219,321,000	135
Salaries and employee benefits	$96,600,000	119
Premises and equipment expense	$32,413,000	113
Additional noninterest expense	$90,308,000	143
Pre-tax net operating income	$54,631,000	219
Securities gains (losses)	$325,000	328
Applicable income taxes	$21,099,000	193
Income before extraordinary items	$33,857,000	230
Extraordinary gains, net	$0	38
Net income	$33,857,000	230
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$23,544,000	131
Cash dividends	$35,000,000	175
Sale, conversion, retirement of capital stock, net	$0	969
Net operating income	$33,649,000	232
1999-12-31 (YTD Data)		Rank
Total interest income	$315,664,000	165
Total interest expense	$135,050,000	186
Net interest income	$180,614,000	158
Provision for loan and lease losses	$2,500,000	465
Total noninterest income	$103,529,000	157
Gross Fiduciary activities income	$51,671,000	53
Service charges on deposit accounts	$14,801,000	146
Trading account gains and fees	$-12,000	4,512
Additional Noninterest Income	$37,069,000	209
Total noninterest expense	$204,300,000	141
Salaries and employee benefits	$89,926,000	121
Premises and equipment expense	$29,724,000	120
Additional noninterest expense	$84,650,000	144
Pre-tax net operating income	$77,343,000	190
Securities gains (losses)	$103,000	731
Applicable income taxes	$24,635,000	197
Income before extraordinary items	$52,811,000	182
Extraordinary gains, net	$0	35
Net income	$52,811,000	183
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$15,238,000	148
Cash dividends	$42,000,000	159
Sale, conversion, retirement of capital stock, net	$0	1,035
Net operating income	$52,740,960	184
1998-12-31 (YTD Data)		Rank
Total interest income	$326,420,000	163
Total interest expense	$148,963,000	176
Net interest income	$177,457,000	158
Provision for loan and lease losses	$0	8,652
Total noninterest income	$98,976,000	165
Gross Fiduciary activities income	$45,847,000	58
Service charges on deposit accounts	$15,370,000	130
Trading account gains and fees	$1,295,000	90
Additional Noninterest Income	$36,464,000	205
Total noninterest expense	$192,375,000	152
Salaries and employee benefits	$84,201,000	121
Premises and equipment expense	$28,570,000	120
Additional noninterest expense	$79,604,000	164
Pre-tax net operating income	$84,058,000	176
Securities gains (losses)	$14,926,000	53
Applicable income taxes	$25,053,000	195
Income before extraordinary items	$73,931,000	147
Extraordinary gains, net	$0	32
Net income	$73,931,000	148
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-1,979,000	10,452
Cash dividends	$129,000,000	66
Sale, conversion, retirement of capital stock, net	$0	1,027
Net operating income	$62,736,500	157
1997-12-31 (YTD Data)		Rank
Total interest income	$331,748,000	169
Total interest expense	$161,172,000	171
Net interest income	$170,576,000	176
Provision for loan and lease losses	$-12,000,000	10,921
Total noninterest income	$84,290,000	161
Gross Fiduciary activities income	$37,343,000	62
Service charges on deposit accounts	$16,118,000	131
Trading account gains and fees	$1,803,000	73
Additional Noninterest Income	$29,026,000	221
Total noninterest expense	$185,627,000	141
Salaries and employee benefits	$77,782,000	124
Premises and equipment expense	$28,507,000	117
Additional noninterest expense	$79,338,000	155
Pre-tax net operating income	$81,239,000	172
Securities gains (losses)	$3,500,000	121
Applicable income taxes	$21,757,000	213
Income before extraordinary items	$62,982,000	157
Extraordinary gains, net	$0	44
Net income	$62,982,000	157
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-842,000	10,898
Cash dividends	$112,000,000	75
Sale, conversion, retirement of capital stock, net	$0	1,030
Net operating income	$60,392,000	159
1996-12-31 (YTD Data)		Rank
Total interest income	$293,521,000	197
Total interest expense	$127,063,000	221
Net interest income	$166,458,000	185
Provision for loan and lease losses	$0	9,041
Total noninterest income	$89,364,000	165
Gross Fiduciary activities income	$33,303,000	67
Service charges on deposit accounts	$17,231,000	140
Trading account gains and fees	$1,819,000	79
Additional Noninterest Income	$37,011,000	203
Total noninterest expense	$176,369,000	161
Salaries and employee benefits	$74,583,000	142
Premises and equipment expense	$27,832,000	124
Additional noninterest expense	$73,954,000	183
Pre-tax net operating income	$79,453,000	177
Securities gains (losses)	$5,970,000	65
Applicable income taxes	$11,674,000	329
Income before extraordinary items	$73,749,000	138
Extraordinary gains, net	$0	53
Net income	$73,749,000	137
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-6,575,000	11,454
Cash dividends	$0	8,336
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$68,614,800	142
1995-12-31 (YTD Data)		Rank
Total interest income	$258,035,000	228
Total interest expense	$116,753,000	244
Net interest income	$141,282,000	216
Provision for loan and lease losses	$-55,000,000	11,969
Total noninterest income	$71,792,000	184
Gross Fiduciary activities income	$28,023,000	76
Service charges on deposit accounts	$14,715,000	167
Trading account gains and fees	$1,385,000	121
Additional Noninterest Income	$27,669,000	232
Total noninterest expense	$175,440,000	158
Salaries and employee benefits	$75,020,000	138
Premises and equipment expense	$25,552,000	136
Additional noninterest expense	$74,868,000	173
Pre-tax net operating income	$92,634,000	159
Securities gains (losses)	$511,000	350
Applicable income taxes	$2,167,000	1,193
Income before extraordinary items	$90,978,000	109
Extraordinary gains, net	$0	65
Net income	$90,978,000	109
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-14,741,000	11,970
Cash dividends	$0	8,717
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$90,477,220	109
1994-12-31 (YTD Data)		Rank
Total interest income	$232,729,000	225
Total interest expense	$87,955,000	243
Net interest income	$144,774,000	206
Provision for loan and lease losses	$5,936,000	259
Total noninterest income	$85,414,000	162
Gross Fiduciary activities income	$26,642,000	80
Service charges on deposit accounts	$16,851,000	151
Trading account gains and fees	$462,000	150
Additional Noninterest Income	$41,459,000	176
Total noninterest expense	$182,896,000	155
Salaries and employee benefits	$75,090,000	137
Premises and equipment expense	$24,434,000	139
Additional noninterest expense	$83,372,000	155
Pre-tax net operating income	$41,356,000	280
Securities gains (losses)	$1,424,000	126
Applicable income taxes	$7,277,000	435
Income before extraordinary items	$35,503,000	225
Extraordinary gains, net	$0	249
Net income	$35,503,000	224
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-3,785,000	12,600
Cash dividends	$0	8,932
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$34,321,080	238
1993-12-31 (YTD Data)		Rank
Total interest income	$222,060,000	218
Total interest expense	$96,823,000	200
Net interest income	$125,237,000	220
Provision for loan and lease losses	$68,729,000	48
Total noninterest income	$87,117,000	142
Gross Fiduciary activities income	$27,194,000	77
Service charges on deposit accounts	$19,904,000	126
Trading account gains and fees	$1,930,000	108
Additional Noninterest Income	$38,089,000	168
Total noninterest expense	$246,861,000	110
Salaries and employee benefits	$79,981,000	119
Premises and equipment expense	$28,576,000	120
Additional noninterest expense	$138,304,000	94
Pre-tax net operating income	$-103,236,000	13,316
Securities gains (losses)	$23,922,000	34
Applicable income taxes	$5,764,000	483
Income before extraordinary items	$-85,078,000	13,276
Extraordinary gains, net	$219,000	953
Net income	$-84,859,000	13,275
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$64,743,000	55
Cash dividends	$0	9,081
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$-109,000,000	13,276
1992-12-31 (YTD Data)		Rank
Total interest income	$288,597,000	178
Total interest expense	$159,292,000	153
Net interest income	$129,305,000	204
Provision for loan and lease losses	$45,517,000	114
Total noninterest income	$91,808,000	128
Gross Fiduciary activities income	$25,867,000	81
Service charges on deposit accounts	$21,178,000	107
Trading account gains and fees	$19,121,000	23
Additional Noninterest Income	$25,642,000	223
Total noninterest expense	$214,923,000	117
Salaries and employee benefits	$81,539,000	113
Premises and equipment expense	$35,626,000	91
Additional noninterest expense	$97,758,000	123
Pre-tax net operating income	$-39,327,000	13,944
Securities gains (losses)	$34,085,000	36
Applicable income taxes	$2,995,000	783
Income before extraordinary items	$-8,237,000	13,842
Extraordinary gains, net	$2,589,000	60
Net income	$-5,648,000	13,816
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$63,038,000	87
Cash dividends	$0	8,912
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$-42,322,000	13,913

* 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.