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Security Federal Savings Bank, Income and Expense

1993-12-31 (YTD Data)Rank
Total interest income$55,536,000637
Total interest expense$38,365,000436
Net interest income$17,171,0001,072
Provision for loan and lease losses$39,673,00094
Total noninterest income$5,063,000972
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0532
Additional Noninterest Income$5,063,000662
Total noninterest expense$36,105,000525
Salaries and employee benefits$8,912,000779
Premises and equipment expense$5,480,000463
Additional noninterest expense$21,713,000437
Pre-tax net operating income$-53,544,00013,306
Securities gains (losses)$-1,227,00013,259
Applicable income taxes$012,141
Income before extraordinary items$-54,771,00013,267
Extraordinary gains, net$-247,00013,080
Net income$-55,018,00013,265
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$1,351,000928
Cash dividends$09,081
Sale, conversion, retirement of capital stock, net$01,223
Net operating income$-53,544,00013,265
1992-12-31 (YTD Data)Rank
Total interest income$12,287,0002,855
Total interest expense$8,691,0001,948
Net interest income$3,596,0004,893
Provision for loan and lease losses$920,0001,940
Total noninterest income$405,0006,497
Gross Fiduciary activities incomeNANA
Service charges on deposit accountsNANA
Trading account gains and fees$0504
Additional Noninterest Income$405,0003,680
Total noninterest expense$55,364,000375
Salaries and employee benefits$2,055,0003,145
Premises and equipment expense$1,041,0002,022
Additional noninterest expense$52,268,000236
Pre-tax net operating income$-52,283,00013,951
Securities gains (losses)$08,369
Applicable income taxes$012,680
Income before extraordinary items$-52,283,00013,921
Extraordinary gains, net$01,422
Net income$-52,283,00013,920
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$244,0003,766
Cash dividends$08,912
Sale, conversion, retirement of capital stock, net$-28,468,00013,926
Net operating income$-52,283,00013,919

* 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.