Home > Shorebank, Detroit > Income and Expense
Shorebank, Detroit, Income and Expense
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $3,533,000 | 6,891 |
| Total interest expense | $1,326,000 | 7,520 |
| Net interest income | $2,207,000 | 6,261 |
| Provision for loan and lease losses | $85,000 | 5,634 |
| Total noninterest income | $185,000 | 7,432 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $132,000 | 6,019 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $53,000 | 7,695 |
| Total noninterest expense | $2,670,000 | 4,630 |
| Salaries and employee benefits | $1,445,000 | 4,494 |
| Premises and equipment expense | $417,000 | 4,373 |
| Additional noninterest expense | $808,000 | 4,703 |
| Pre-tax net operating income | $-363,000 | 9,463 |
| Securities gains (losses) | $-38,000 | 9,069 |
| Applicable income taxes | $-139,000 | 9,631 |
| Income before extraordinary items | $-262,000 | 9,419 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $-262,000 | 9,418 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-93,000 | 9,732 |
| Cash dividends | $0 | 6,853 |
| Sale, conversion, retirement of capital stock, net | $0 | 969 |
| Net operating income | $-237,300 | 9,407 |
| 1999-12-31 (YTD Data) | Rank | |
| Total interest income | $3,161,000 | 7,189 |
| Total interest expense | $1,078,000 | 7,967 |
| Net interest income | $2,083,000 | 6,489 |
| Provision for loan and lease losses | $345,000 | 2,386 |
| Total noninterest income | $226,000 | 7,186 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $157,000 | 5,727 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $69,000 | 7,453 |
| Total noninterest expense | $2,584,000 | 4,758 |
| Salaries and employee benefits | $1,568,000 | 4,181 |
| Premises and equipment expense | $342,000 | 5,052 |
| Additional noninterest expense | $674,000 | 5,387 |
| Pre-tax net operating income | $-620,000 | 9,929 |
| Securities gains (losses) | $3,000 | 2,393 |
| Applicable income taxes | $-208,000 | 10,034 |
| Income before extraordinary items | $-409,000 | 9,848 |
| Extraordinary gains, net | $0 | 35 |
| Net income | $-409,000 | 9,845 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $285,000 | 1,886 |
| Cash dividends | $0 | 7,131 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,035 |
| Net operating income | $-410,980 | 9,828 |
| 1998-12-31 (YTD Data) | Rank | |
| Total interest income | $2,454,000 | 8,142 |
| Total interest expense | $725,000 | 9,138 |
| Net interest income | $1,729,000 | 7,218 |
| Provision for loan and lease losses | $0 | 8,652 |
| Total noninterest income | $490,000 | 4,995 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $186,000 | 5,341 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $304,000 | 3,992 |
| Total noninterest expense | $2,140,000 | 5,325 |
| Salaries and employee benefits | $1,232,000 | 4,984 |
| Premises and equipment expense | $227,000 | 6,307 |
| Additional noninterest expense | $681,000 | 5,275 |
| Pre-tax net operating income | $79,000 | 9,502 |
| Securities gains (losses) | $0 | 4,449 |
| Applicable income taxes | $29,000 | 8,719 |
| Income before extraordinary items | $50,000 | 9,624 |
| Extraordinary gains, net | $0 | 32 |
| Net income | $50,000 | 9,623 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $431,000 | 1,418 |
| Cash dividends | $0 | 7,473 |
| Sale, conversion, retirement of capital stock, net | $8,000,000 | 134 |
| Net operating income | $50,000 | 9,564 |
* 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.