Home > Sequoia Bank > Income and Expense

Sequoia Bank, Income and Expense

2003-09-30 (YTD Data)		Rank
Total interest income	$21,888,000	982
Total interest expense	$6,333,000	1,105
Net interest income	$15,555,000	945
Provision for loan and lease losses	$310,000	2,456
Total noninterest income	$2,522,000	1,569
Gross Fiduciary activities income	$0	1,599
Service charges on deposit accounts	$1,544,000	839
Trading account gains and fees	$0	153
Additional Noninterest Income	$978,000	2,083
Total noninterest expense	$13,685,000	892
Salaries and employee benefits	$7,075,000	916
Premises and equipment expense	$2,121,000	806
Additional noninterest expense	$4,489,000	864
Pre-tax net operating income	$4,082,000	1,552
Securities gains (losses)	$395,000	799
Applicable income taxes	$1,517,000	1,344
Income before extraordinary items	$2,960,000	1,626
Extraordinary gains, net	$0	40
Net income	$2,960,000	1,625
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$215,000	2,116
Cash dividends	$487,000	2,736
Sale, conversion, retirement of capital stock, net	$0	722
Net operating income	$2,699,300	1,694
2003-06-30 (YTD Data)		Rank
Total interest income	$14,777,000	977
Total interest expense	$4,393,000	1,095
Net interest income	$10,384,000	937
Provision for loan and lease losses	$210,000	2,412
Total noninterest income	$1,798,000	1,484
Gross Fiduciary activities income	$0	1,577
Service charges on deposit accounts	$962,000	887
Trading account gains and fees	$0	150
Additional Noninterest Income	$836,000	1,728
Total noninterest expense	$7,660,000	1,064
Salaries and employee benefits	$4,132,000	1,041
Premises and equipment expense	$1,396,000	814
Additional noninterest expense	$2,132,000	1,183
Pre-tax net operating income	$4,312,000	1,006
Securities gains (losses)	$395,000	671
Applicable income taxes	$1,688,000	894
Income before extraordinary items	$3,019,000	1,112
Extraordinary gains, net	$0	30
Net income	$3,019,000	1,112
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$205,000	1,627
Cash dividends	$361,000	2,607
Sale, conversion, retirement of capital stock, net	$0	589
Net operating income	$2,766,200	1,121
2003-03-31 (YTD Data)		Rank
Total interest income	$7,317,000	993
Total interest expense	$2,230,000	1,100
Net interest income	$5,087,000	955
Provision for loan and lease losses	$150,000	1,666
Total noninterest income	$802,000	1,578
Gross Fiduciary activities income	$0	1,504
Service charges on deposit accounts	$477,000	866
Trading account gains and fees	$0	134
Additional Noninterest Income	$325,000	2,000
Total noninterest expense	$3,617,000	1,112
Salaries and employee benefits	$2,110,000	1,018
Premises and equipment expense	$674,000	852
Additional noninterest expense	$833,000	1,439
Pre-tax net operating income	$2,122,000	1,028
Securities gains (losses)	$238,000	597
Applicable income taxes	$837,000	923
Income before extraordinary items	$1,523,000	1,091
Extraordinary gains, net	$0	21
Net income	$1,523,000	1,090
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$154,000	1,109
Cash dividends	$61,000	3,287
Sale, conversion, retirement of capital stock, net	$0	419
Net operating income	$1,368,300	1,133
2002-12-31 (YTD Data)		Rank
Total interest income	$27,428,000	1,129
Total interest expense	$9,376,000	1,202
Net interest income	$18,052,000	1,062
Provision for loan and lease losses	$295,000	3,501
Total noninterest income	$3,307,000	1,449
Gross Fiduciary activities income	$0	1,713
Service charges on deposit accounts	$1,822,000	888
Trading account gains and fees	$0	153
Additional Noninterest Income	$1,485,000	1,659
Total noninterest expense	$13,364,000	1,155
Salaries and employee benefits	$7,778,000	1,031
Premises and equipment expense	$2,619,000	835
Additional noninterest expense	$2,967,000	1,590
Pre-tax net operating income	$7,700,000	1,095
Securities gains (losses)	$14,000	3,404
Applicable income taxes	$2,531,000	1,068
Income before extraordinary items	$5,183,000	1,209
Extraordinary gains, net	$0	70
Net income	$5,183,000	1,209
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-180,000	9,280
Cash dividends	$899,000	2,455
Sale, conversion, retirement of capital stock, net	$0	862
Net operating income	$5,173,620	1,164
2001-12-31 (YTD Data)		Rank
Total interest income	$22,202,000	1,525
Total interest expense	$9,426,000	1,723
Net interest income	$12,776,000	1,389
Provision for loan and lease losses	$1,005,000	1,241
Total noninterest income	$1,895,000	2,096
Gross Fiduciary activities income	$0	1,731
Service charges on deposit accounts	$1,160,000	1,287
Trading account gains and fees	$0	177
Additional Noninterest Income	$735,000	2,507
Total noninterest expense	$11,399,000	1,267
Salaries and employee benefits	$6,555,000	1,130
Premises and equipment expense	$2,045,000	1,026
Additional noninterest expense	$2,799,000	1,651
Pre-tax net operating income	$2,267,000	2,883
Securities gains (losses)	$329,000	844
Applicable income taxes	$821,000	2,377
Income before extraordinary items	$1,775,000	2,831
Extraordinary gains, net	$0	105
Net income	$1,775,000	2,833
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$417,000	1,775
Cash dividends	$747,000	2,752
Sale, conversion, retirement of capital stock, net	$0	922
Net operating income	$1,551,280	3,049
2000-12-31 (YTD Data)		Rank
Total interest income	$19,978,000	1,737
Total interest expense	$8,262,000	2,083
Net interest income	$11,716,000	1,500
Provision for loan and lease losses	$260,000	3,149
Total noninterest income	$1,454,000	2,402
Gross Fiduciary activities income	$0	1,332
Service charges on deposit accounts	$786,000	1,764
Trading account gains and fees	$0	180
Additional Noninterest Income	$668,000	2,455
Total noninterest expense	$9,845,000	1,405
Salaries and employee benefits	$5,464,000	1,301
Premises and equipment expense	$1,892,000	1,058
Additional noninterest expense	$2,489,000	1,782
Pre-tax net operating income	$3,065,000	2,350
Securities gains (losses)	$0	1,956
Applicable income taxes	$410,000	3,937
Income before extraordinary items	$2,655,000	1,966
Extraordinary gains, net	$0	38
Net income	$2,655,000	1,966
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$118,000	3,296
Cash dividends	$255,000	4,735
Sale, conversion, retirement of capital stock, net	$0	969
Net operating income	$2,655,000	1,970
1999-12-31 (YTD Data)		Rank
Total interest income	$14,750,000	2,216
Total interest expense	$6,057,000	2,431
Net interest income	$8,693,000	2,029
Provision for loan and lease losses	$0	8,503
Total noninterest income	$1,151,000	2,789
Gross Fiduciary activities income	$0	1,380
Service charges on deposit accounts	$613,000	2,172
Trading account gains and fees	$0	173
Additional Noninterest Income	$538,000	2,824
Total noninterest expense	$7,633,000	1,809
Salaries and employee benefits	$4,145,000	1,658
Premises and equipment expense	$1,320,000	1,553
Additional noninterest expense	$2,168,000	2,016
Pre-tax net operating income	$2,211,000	3,083
Securities gains (losses)	$17,000	1,477
Applicable income taxes	$-1,259,000	10,182
Income before extraordinary items	$3,487,000	1,535
Extraordinary gains, net	$0	35
Net income	$3,487,000	1,536
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-194,000	10,125
Cash dividends	$255,000	4,814
Sale, conversion, retirement of capital stock, net	$0	1,035
Net operating income	$3,470,000	1,509
1998-12-31 (YTD Data)		Rank
Total interest income	$12,183,000	2,677
Total interest expense	$5,511,000	2,741
Net interest income	$6,672,000	2,550
Provision for loan and lease losses	$0	8,652
Total noninterest income	$782,000	3,687
Gross Fiduciary activities income	$0	1,398
Service charges on deposit accounts	$355,000	3,465
Trading account gains and fees	$0	224
Additional Noninterest Income	$427,000	3,293
Total noninterest expense	$6,273,000	2,096
Salaries and employee benefits	$3,459,000	1,919
Premises and equipment expense	$1,036,000	1,911
Additional noninterest expense	$1,778,000	2,352
Pre-tax net operating income	$1,181,000	4,935
Securities gains (losses)	$160,000	1,024
Applicable income taxes	$20,000	8,879
Income before extraordinary items	$1,321,000	3,631
Extraordinary gains, net	$0	32
Net income	$1,321,000	3,631
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-230,000	10,364
Cash dividends	$130,000	5,965
Sale, conversion, retirement of capital stock, net	$0	1,027
Net operating income	$1,162,600	3,939
1997-12-31 (YTD Data)		Rank
Total interest income	$11,072,000	2,946
Total interest expense	$4,958,000	3,003
Net interest income	$6,114,000	2,849
Provision for loan and lease losses	$-42,000	10,708
Total noninterest income	$682,000	4,044
Gross Fiduciary activities income	$0	1,450
Service charges on deposit accounts	$361,000	3,514
Trading account gains and fees	$0	239
Additional Noninterest Income	$321,000	3,779
Total noninterest expense	$6,228,000	2,078
Salaries and employee benefits	$3,320,000	1,984
Premises and equipment expense	$1,070,000	1,854
Additional noninterest expense	$1,838,000	2,263
Pre-tax net operating income	$610,000	7,370
Securities gains (losses)	$0	3,944
Applicable income taxes	$0	10,065
Income before extraordinary items	$610,000	6,304
Extraordinary gains, net	$0	44
Net income	$610,000	6,305
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$241,000	2,261
Cash dividends	$32,000	7,438
Sale, conversion, retirement of capital stock, net	$0	1,030
Net operating income	$610,000	6,249
1996-12-31 (YTD Data)		Rank
Total interest income	$11,401,000	2,900
Total interest expense	$5,456,000	2,791
Net interest income	$5,945,000	2,979
Provision for loan and lease losses	$252,000	2,918
Total noninterest income	$3,539,000	1,212
Gross Fiduciary activities income	$0	1,526
Service charges on deposit accounts	$365,000	3,616
Trading account gains and fees	$0	262
Additional Noninterest Income	$3,174,000	850
Total noninterest expense	$7,174,000	1,956
Salaries and employee benefits	$3,103,000	2,151
Premises and equipment expense	$994,000	2,015
Additional noninterest expense	$3,077,000	1,695
Pre-tax net operating income	$2,058,000	3,354
Securities gains (losses)	$-27,000	10,789
Applicable income taxes	$528,000	3,976
Income before extraordinary items	$1,503,000	3,183
Extraordinary gains, net	$0	53
Net income	$1,503,000	3,182
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$327,000	1,953
Cash dividends	$0	8,336
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$1,522,980	3,109
1995-12-31 (YTD Data)		Rank
Total interest income	$12,968,000	2,572
Total interest expense	$6,148,000	2,497
Net interest income	$6,820,000	2,622
Provision for loan and lease losses	$876,000	1,054
Total noninterest income	$1,249,000	2,624
Gross Fiduciary activities income	$0	1,590
Service charges on deposit accounts	$387,000	3,461
Trading account gains and fees	$0	522
Additional Noninterest Income	$862,000	2,000
Total noninterest expense	$6,005,000	2,267
Salaries and employee benefits	$2,723,000	2,450
Premises and equipment expense	$848,000	2,356
Additional noninterest expense	$2,434,000	2,043
Pre-tax net operating income	$1,188,000	5,279
Securities gains (losses)	$-4,000	9,551
Applicable income taxes	$-673,000	11,883
Income before extraordinary items	$1,857,000	2,672
Extraordinary gains, net	$0	65
Net income	$1,857,000	2,671
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$822,000	1,008
Cash dividends	$0	8,717
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$1,861,000	2,633
1994-12-31 (YTD Data)		Rank
Total interest income	$3,710,000	7,058
Total interest expense	$1,423,000	7,128
Net interest income	$2,287,000	6,890
Provision for loan and lease losses	$-505,000	12,468
Total noninterest income	$343,000	6,746
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$231,000	5,338
Trading account gains and fees	NA	NA
Additional Noninterest Income	$112,000	7,162
Total noninterest expense	$3,728,000	3,638
Salaries and employee benefits	$1,217,000	5,182
Premises and equipment expense	$993,000	2,052
Additional noninterest expense	$1,518,000	3,256
Pre-tax net operating income	$-593,000	12,405
Securities gains (losses)	$3,000	2,889
Applicable income taxes	$0	11,630
Income before extraordinary items	$-590,000	12,372
Extraordinary gains, net	$0	249
Net income	$-590,000	12,369
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$582,000	1,240
Cash dividends	$0	8,932
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$-593,000	12,380
1993-12-31 (YTD Data)		Rank
Total interest income	$3,253,000	7,920
Total interest expense	$1,363,000	7,663
Net interest income	$1,890,000	7,977
Provision for loan and lease losses	$0	10,371
Total noninterest income	$210,000	9,043
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$129,000	7,602
Trading account gains and fees	NA	NA
Additional Noninterest Income	$81,000	8,582
Total noninterest expense	$4,004,000	3,494
Salaries and employee benefits	$1,074,000	5,771
Premises and equipment expense	$760,000	2,680
Additional noninterest expense	$2,170,000	2,551
Pre-tax net operating income	$-1,904,000	13,074
Securities gains (losses)	$-12,000	12,812
Applicable income taxes	$0	12,141
Income before extraordinary items	$-1,916,000	13,084
Extraordinary gains, net	$0	3,149
Net income	$-1,916,000	13,084
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$488,000	1,794
Cash dividends	$0	9,081
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$-1,904,000	13,056
1992-12-31 (YTD Data)		Rank
Total interest income	$3,300,000	8,470
Total interest expense	$1,340,000	9,080
Net interest income	$1,960,000	7,871
Provision for loan and lease losses	$888,000	1,996
Total noninterest income	$235,000	8,767
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$113,000	8,135
Trading account gains and fees	NA	NA
Additional Noninterest Income	$122,000	7,395
Total noninterest expense	$3,751,000	3,699
Salaries and employee benefits	$1,210,000	5,119
Premises and equipment expense	$710,000	2,888
Additional noninterest expense	$1,831,000	3,016
Pre-tax net operating income	$-2,444,000	13,681
Securities gains (losses)	$103,000	2,957
Applicable income taxes	$0	12,680
Income before extraordinary items	$-2,341,000	13,712
Extraordinary gains, net	$0	1,422
Net income	$-2,341,000	13,708
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$2,213,000	904
Cash dividends	$0	8,912
Sale, conversion, retirement of capital stock, net	$1,500,000	352
Net operating income	$-2,444,000	13,669

* 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.