Home > Somerset Savings Bank > Income and Expense
Somerset Savings Bank, Income and Expense
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $42,351,000 | 808 |
| Total interest expense | $22,185,000 | 738 |
| Net interest income | $20,166,000 | 887 |
| Provision for loan and lease losses | $1,200,000 | 849 |
| Total noninterest income | $1,277,000 | 2,490 |
| Gross Fiduciary activities income | $0 | 1,450 |
| Service charges on deposit accounts | $694,000 | 1,878 |
| Trading account gains and fees | $0 | 239 |
| Additional Noninterest Income | $583,000 | 2,536 |
| Total noninterest expense | $15,500,000 | 910 |
| Salaries and employee benefits | $7,290,000 | 912 |
| Premises and equipment expense | $1,586,000 | 1,243 |
| Additional noninterest expense | $6,624,000 | 788 |
| Pre-tax net operating income | $4,743,000 | 1,630 |
| Securities gains (losses) | $0 | 3,944 |
| Applicable income taxes | $-1,224,000 | 10,891 |
| Income before extraordinary items | $5,967,000 | 928 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $5,967,000 | 929 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-232,000 | 10,835 |
| Cash dividends | $0 | 7,871 |
| Sale, conversion, retirement of capital stock, net | $62,000 | 821 |
| Net operating income | $5,967,000 | 901 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $41,072,000 | 853 |
| Total interest expense | $22,328,000 | 772 |
| Net interest income | $18,744,000 | 985 |
| Provision for loan and lease losses | $1,200,000 | 891 |
| Total noninterest income | $1,100,000 | 2,883 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $611,000 | 2,214 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $489,000 | 2,970 |
| Total noninterest expense | $16,271,000 | 939 |
| Salaries and employee benefits | $6,942,000 | 970 |
| Premises and equipment expense | $1,536,000 | 1,329 |
| Additional noninterest expense | $7,793,000 | 828 |
| Pre-tax net operating income | $2,373,000 | 2,929 |
| Securities gains (losses) | $0 | 4,148 |
| Applicable income taxes | $-440,000 | 11,344 |
| Income before extraordinary items | $2,813,000 | 1,754 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $2,813,000 | 1,756 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,100,000 | 558 |
| Cash dividends | $0 | 8,336 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $2,813,000 | 1,723 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $40,611,000 | 891 |
| Total interest expense | $22,773,000 | 789 |
| Net interest income | $17,838,000 | 1,034 |
| Provision for loan and lease losses | $1,200,000 | 822 |
| Total noninterest income | $1,502,000 | 2,281 |
| Gross Fiduciary activities income | $0 | 1,590 |
| Service charges on deposit accounts | $607,000 | 2,241 |
| Trading account gains and fees | $0 | 522 |
| Additional Noninterest Income | $895,000 | 1,947 |
| Total noninterest expense | $18,062,000 | 867 |
| Salaries and employee benefits | $6,540,000 | 1,054 |
| Premises and equipment expense | $1,535,000 | 1,343 |
| Additional noninterest expense | $9,987,000 | 687 |
| Pre-tax net operating income | $78,000 | 11,191 |
| Securities gains (losses) | $0 | 3,831 |
| Applicable income taxes | $-1,000,000 | 11,907 |
| Income before extraordinary items | $1,078,000 | 4,320 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $1,078,000 | 4,317 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $2,731,000 | 477 |
| Cash dividends | $0 | 8,717 |
| Sale, conversion, retirement of capital stock, net | $533,000 | 368 |
| Net operating income | $1,078,000 | 4,310 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $37,730,000 | 863 |
| Total interest expense | $19,143,000 | 744 |
| Net interest income | $18,587,000 | 990 |
| Provision for loan and lease losses | $1,800,000 | 621 |
| Total noninterest income | $1,736,000 | 2,049 |
| Gross Fiduciary activities income | $0 | 1,599 |
| Service charges on deposit accounts | $636,000 | 2,126 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $1,100,000 | 1,732 |
| Total noninterest expense | $26,859,000 | 639 |
| Salaries and employee benefits | $6,198,000 | 1,093 |
| Premises and equipment expense | $1,613,000 | 1,295 |
| Additional noninterest expense | $19,048,000 | 454 |
| Pre-tax net operating income | $-8,336,000 | 12,597 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $7,000 | 11,444 |
| Income before extraordinary items | $-8,343,000 | 12,564 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $-8,343,000 | 12,563 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $1,933,000 | 565 |
| Cash dividends | $0 | 8,932 |
| Sale, conversion, retirement of capital stock, net | $516,000 | 538 |
| Net operating income | $-8,343,000 | 12,567 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $38,482,000 | 862 |
| Total interest expense | $21,231,000 | 684 |
| Net interest income | $17,251,000 | 1,063 |
| Provision for loan and lease losses | $3,181,000 | 587 |
| Total noninterest income | $2,182,000 | 1,851 |
| Gross Fiduciary activities income | $0 | 1,630 |
| Service charges on deposit accounts | $711,000 | 1,916 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $1,471,000 | 1,577 |
| Total noninterest expense | $17,968,000 | 917 |
| Salaries and employee benefits | $5,933,000 | 1,144 |
| Premises and equipment expense | $1,621,000 | 1,318 |
| Additional noninterest expense | $10,414,000 | 739 |
| Pre-tax net operating income | $-1,716,000 | 13,056 |
| Securities gains (losses) | $351,000 | 1,156 |
| Applicable income taxes | $20,000 | 11,603 |
| Income before extraordinary items | $-1,385,000 | 13,046 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $-1,385,000 | 13,048 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $5,119,000 | 409 |
| Cash dividends | $0 | 9,081 |
| Sale, conversion, retirement of capital stock, net | $22,954,000 | 65 |
| Net operating income | $-1,736,000 | 13,046 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $41,678,000 | 907 |
| Total interest expense | $26,414,000 | 720 |
| Net interest income | $15,264,000 | 1,226 |
| Provision for loan and lease losses | $3,104,000 | 816 |
| Total noninterest income | $859,000 | 3,763 |
| Gross Fiduciary activities income | $0 | 1,658 |
| Service charges on deposit accounts | $628,000 | 2,163 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $231,000 | 5,223 |
| Total noninterest expense | $18,258,000 | 914 |
| Salaries and employee benefits | $5,874,000 | 1,138 |
| Premises and equipment expense | $1,762,000 | 1,247 |
| Additional noninterest expense | $10,622,000 | 737 |
| Pre-tax net operating income | $-5,239,000 | 13,796 |
| Securities gains (losses) | $36,000 | 4,684 |
| Applicable income taxes | $0 | 12,680 |
| Income before extraordinary items | $-5,203,000 | 13,806 |
| Extraordinary gains, net | $1,277,000 | 99 |
| Net income | $-3,926,000 | 13,765 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $8,224,000 | 383 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $516,000 | 547 |
| Net operating income | $-5,239,000 | 13,775 |
* 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.