Home > Somerset Savings Bank > Loan Charge- Offs and Recoveries
Somerset Savings Bank, Loan Charge- Offs and Recoveries
| 1997-12-31 (YTD Data) | Rank | |
| Total charge-offs | $801,000 | 1,182 |
| Loans secured by real estate, total | $679,000 | 393 |
| To non-U.S. addressees | $0 | 11 |
| Real estate loans in domestic offices | $679,000 | 392 |
| Construction and land development | $0 | 676 |
| Secured by farmland | $0 | 358 |
| Total charge-offs secured by 1-4 family residential properties | $409,000 | 329 |
| Secured by multifamily residential properties | $25,000 | 322 |
| Secured by nonfarm nonresidential properties | $245,000 | 338 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 18 |
| To foreign banks | $0 | 10 |
| Loans to finance agricultural production and other loans to farmers | $0 | 200 |
| Commercial and industrial loans | $76,000 | 2,732 |
| Loans to individuals | $46,000 | 4,038 |
| Credit card loan charge offs | $1,000 | 3,538 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $45,000 | 3,646 |
| Loans to foreign governments and official institutions | $0 | 7 |
| Other loans | $0 | 270 |
| Lease financing receivables | $0 | 317 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $1,033,000 | 409 |
| Loans secured by real estate, total | $716,000 | 199 |
| To non-U.S. addressees | $0 | 12 |
| Real estate loans in domestic offices | $716,000 | 199 |
| Construction and land development | $14,000 | 268 |
| Secured by farmland | $0 | 504 |
| Secured by 1-4 family residential properties - total recoveries | $253,000 | 167 |
| Secured by multifamily residential properties | $171,000 | 59 |
| Secured by nonfarm nonresidential properties | $278,000 | 217 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 28 |
| To foreign banks | $0 | 18 |
| Loans to finance agricultural production and other loans to farmers | $0 | 218 |
| Commercial and industrial loans | $295,000 | 373 |
| Loans to individuals | $22,000 | 2,937 |
| Credit card loan recoveries | $6,000 | 1,064 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $16,000 | 3,266 |
| Loans to foreign governments and official institutions | $0 | 27 |
| Other loans | $0 | 271 |
| Lease financing receivables | $0 | 286 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $-232,000 | 10,835 |
| Loans secured by real estate, total | $-37,000 | 10,437 |
| To non-U.S. addressees | $0 | 10 |
| Real estate loans in domestic offices | $-37,000 | 10,458 |
| Construction and land development | $-14,000 | 10,723 |
| Secured by farmland | $0 | 284 |
| Secured by 1-4 family residential properties- net charge-offs | $156,000 | 560 |
| Secured by multifamily residential properties | $-146,000 | 10,888 |
| Secured by nonfarm nonresidential properties | $-33,000 | 10,559 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 16 |
| To foreign banks | $0 | 8 |
| Loans to finance agricultural production and other loans to farmers | $0 | 139 |
| Commercial and industrial loans | $-219,000 | 10,812 |
| To non-U.S. addressees | $0 | 21 |
| Loans to individuals | $24,000 | 4,472 |
| Credit card loan net charge offs | $-5,000 | 10,860 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $29,000 | 3,672 |
| Loans to foreign governments and official institutions | $0 | 7 |
| Other loans | $0 | 229 |
| Lease financing receivables | $0 | 291 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1996-12-31 (YTD Data) | Rank | |
| Total charge-offs | $3,049,000 | 550 |
| Loans secured by real estate, total | $2,807,000 | 186 |
| To non-U.S. addressees | $0 | 10 |
| Real estate loans in domestic offices | $2,807,000 | 186 |
| Construction and land development | $0 | 737 |
| Secured by farmland | $0 | 391 |
| Total charge-offs secured by 1-4 family residential properties | $344,000 | 425 |
| Secured by multifamily residential properties | $89,000 | 246 |
| Secured by nonfarm nonresidential properties | $2,374,000 | 91 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 23 |
| To foreign banks | $0 | 12 |
| Loans to finance agricultural production and other loans to farmers | $0 | 223 |
| Commercial and industrial loans | $202,000 | 1,464 |
| Loans to individuals | $40,000 | 4,324 |
| Credit card loan charge offs | $40,000 | 1,143 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $0 | 8,953 |
| Loans to foreign governments and official institutions | $0 | 11 |
| Other loans | $0 | 308 |
| Lease financing receivables | $0 | 355 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $949,000 | 515 |
| Loans secured by real estate, total | $861,000 | 210 |
| To non-U.S. addressees | $0 | 8 |
| Real estate loans in domestic offices | $861,000 | 210 |
| Construction and land development | $607,000 | 42 |
| Secured by farmland | $0 | 587 |
| Secured by 1-4 family residential properties - total recoveries | $171,000 | 245 |
| Secured by multifamily residential properties | $12,000 | 252 |
| Secured by nonfarm nonresidential properties | $71,000 | 561 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 32 |
| To foreign banks | $0 | 18 |
| Loans to finance agricultural production and other loans to farmers | $0 | 231 |
| Commercial and industrial loans | $56,000 | 1,719 |
| Loans to individuals | $32,000 | 2,389 |
| Credit card loan recoveries | $32,000 | 499 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $0 | 8,255 |
| Loans to foreign governments and official institutions | $0 | 32 |
| Other loans | $0 | 331 |
| Lease financing receivables | $0 | 294 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $2,100,000 | 558 |
| Loans secured by real estate, total | $1,946,000 | 179 |
| To non-U.S. addressees | $0 | 7 |
| Real estate loans in domestic offices | $1,946,000 | 178 |
| Construction and land development | $-607,000 | 11,436 |
| Secured by farmland | $0 | 311 |
| Secured by 1-4 family residential properties- net charge-offs | $173,000 | 585 |
| Secured by multifamily residential properties | $77,000 | 229 |
| Secured by nonfarm nonresidential properties | $2,303,000 | 65 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 20 |
| To foreign banks | $0 | 10 |
| Loans to finance agricultural production and other loans to farmers | $0 | 178 |
| Commercial and industrial loans | $146,000 | 1,387 |
| To non-U.S. addressees | $0 | 22 |
| Loans to individuals | $8,000 | 6,268 |
| Credit card loan net charge offs | $8,000 | 2,210 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $0 | 7,873 |
| Loans to foreign governments and official institutions | $0 | 5 |
| Other loans | $0 | 263 |
| Lease financing receivables | $0 | 316 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1995-12-31 (YTD Data) | Rank | |
| Total charge-offs | $3,451,000 | 519 |
| Loans secured by real estate, total | $2,408,000 | 256 |
| To non-U.S. addressees | $0 | 15 |
| Real estate loans in domestic offices | $2,408,000 | 255 |
| Construction and land development | $40,000 | 479 |
| Secured by farmland | $0 | 381 |
| Total charge-offs secured by 1-4 family residential properties | $867,000 | 227 |
| Secured by multifamily residential properties | $217,000 | 221 |
| Secured by nonfarm nonresidential properties | $1,284,000 | 207 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 23 |
| To foreign banks | $0 | 20 |
| Loans to finance agricultural production and other loans to farmers | $0 | 186 |
| Commercial and industrial loans | $981,000 | 365 |
| Loans to individuals | $62,000 | 3,161 |
| Credit card loan charge offs | $0 | 4,035 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $62,000 | 2,777 |
| Loans to foreign governments and official institutions | $0 | 15 |
| Other loans | $0 | 360 |
| Lease financing receivables | $0 | 341 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $720,000 | 606 |
| Loans secured by real estate, total | $369,000 | 363 |
| To non-U.S. addressees | $0 | 13 |
| Real estate loans in domestic offices | $369,000 | 362 |
| Construction and land development | $13,000 | 375 |
| Secured by farmland | $0 | 623 |
| Secured by 1-4 family residential properties - total recoveries | $109,000 | 359 |
| Secured by multifamily residential properties | $166,000 | 81 |
| Secured by nonfarm nonresidential properties | $81,000 | 563 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 32 |
| To foreign banks | $0 | 20 |
| Loans to finance agricultural production and other loans to farmers | $0 | 227 |
| Commercial and industrial loans | $314,000 | 464 |
| Loans to individuals | $37,000 | 2,177 |
| Credit card loan recoveries | $0 | 2,795 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $37,000 | 1,980 |
| Loans to foreign governments and official institutions | $0 | 30 |
| Other loans | $0 | 383 |
| Lease financing receivables | $0 | 322 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $2,731,000 | 477 |
| Loans secured by real estate, total | $2,039,000 | 229 |
| To non-U.S. addressees | $0 | 12 |
| Real estate loans in domestic offices | $2,039,000 | 228 |
| Construction and land development | $27,000 | 468 |
| Secured by farmland | $0 | 306 |
| Secured by 1-4 family residential properties- net charge-offs | $758,000 | 209 |
| Secured by multifamily residential properties | $51,000 | 325 |
| Secured by nonfarm nonresidential properties | $1,203,000 | 167 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 19 |
| To foreign banks | $0 | 18 |
| Loans to finance agricultural production and other loans to farmers | $0 | 130 |
| Commercial and industrial loans | $667,000 | 336 |
| To non-U.S. addressees | $0 | 22 |
| Loans to individuals | $25,000 | 3,975 |
| Credit card loan net charge offs | $0 | 3,773 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $25,000 | 3,489 |
| Loans to foreign governments and official institutions | $0 | 11 |
| Other loans | $0 | 309 |
| Lease financing receivables | $0 | 281 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1994-12-31 (YTD Data) | Rank | |
| Total charge-offs | $2,557,000 | 636 |
| Loans secured by real estate, total | $2,060,000 | 333 |
| To non-U.S. addressees | $0 | 13 |
| Real estate loans in domestic offices | $2,060,000 | 333 |
| Construction and land development | $70,000 | 451 |
| Secured by farmland | $0 | 491 |
| Total charge-offs secured by 1-4 family residential properties | $1,285,000 | 176 |
| Secured by multifamily residential properties | $264,000 | 234 |
| Secured by nonfarm nonresidential properties | $441,000 | 467 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 18 |
| To foreign banks | $0 | 13 |
| Loans to finance agricultural production and other loans to farmers | $0 | 188 |
| Commercial and industrial loans | $351,000 | 913 |
| Loans to individuals | $146,000 | 1,696 |
| Credit card loan charge offs | $0 | 4,000 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $146,000 | 1,422 |
| Loans to foreign governments and official institutions | $0 | 15 |
| Other loans | $0 | 345 |
| Lease financing receivables | $0 | 332 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $624,000 | 731 |
| Loans secured by real estate, total | $379,000 | 405 |
| To non-U.S. addressees | $0 | 12 |
| Real estate loans in domestic offices | $379,000 | 404 |
| Construction and land development | $48,000 | 304 |
| Secured by farmland | $0 | 744 |
| Secured by 1-4 family residential properties - total recoveries | $138,000 | 322 |
| Secured by multifamily residential properties | $153,000 | 88 |
| Secured by nonfarm nonresidential properties | $40,000 | 883 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 33 |
| To foreign banks | $0 | 21 |
| Loans to finance agricultural production and other loans to farmers | $0 | 235 |
| Commercial and industrial loans | $197,000 | 781 |
| Loans to individuals | $48,000 | 1,878 |
| Credit card loan recoveries | $0 | 2,801 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $48,000 | 1,695 |
| Loans to foreign governments and official institutions | $0 | 34 |
| Other loans | $0 | 356 |
| Lease financing receivables | $0 | 351 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $1,933,000 | 565 |
| Loans secured by real estate, total | $1,681,000 | 306 |
| To non-U.S. addressees | $0 | 9 |
| Real estate loans in domestic offices | $1,681,000 | 306 |
| Construction and land development | $22,000 | 582 |
| Secured by farmland | $0 | 385 |
| Secured by 1-4 family residential properties- net charge-offs | $1,147,000 | 165 |
| Secured by multifamily residential properties | $111,000 | 305 |
| Secured by nonfarm nonresidential properties | $401,000 | 413 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 14 |
| To foreign banks | $0 | 11 |
| Loans to finance agricultural production and other loans to farmers | $0 | 130 |
| Commercial and industrial loans | $154,000 | 1,256 |
| To non-U.S. addressees | $0 | 26 |
| Loans to individuals | $98,000 | 1,604 |
| Credit card loan net charge offs | $0 | 3,705 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $98,000 | 1,288 |
| Loans to foreign governments and official institutions | $0 | 9 |
| Other loans | $0 | 276 |
| Lease financing receivables | $0 | 251 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1993-12-31 (YTD Data) | Rank | |
| Total charge-offs | $5,585,000 | 471 |
| Loans secured by real estate, total | $3,660,000 | 297 |
| To non-U.S. addressees | $0 | 19 |
| Real estate loans in domestic offices | $3,660,000 | 297 |
| Construction and land development | $0 | 1,259 |
| Secured by farmland | $0 | 674 |
| Total charge-offs secured by 1-4 family residential properties | $1,419,000 | 199 |
| Secured by multifamily residential properties | $351,000 | 219 |
| Secured by nonfarm nonresidential properties | $1,890,000 | 254 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 28 |
| To foreign banks | $0 | 17 |
| Loans to finance agricultural production and other loans to farmers | $0 | 175 |
| Commercial and industrial loans | $895,000 | 617 |
| Loans to individuals | $1,030,000 | 522 |
| Credit card loan charge offs | $5,000 | 2,718 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $1,025,000 | 358 |
| Loans to foreign governments and official institutions | $0 | 34 |
| Other loans | $0 | 371 |
| Lease financing receivables | $0 | 379 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $466,000 | 959 |
| Loans secured by real estate, total | $227,000 | 585 |
| To non-U.S. addressees | $0 | 16 |
| Real estate loans in domestic offices | $227,000 | 584 |
| Construction and land development | $10,000 | 577 |
| Secured by farmland | $0 | 821 |
| Secured by 1-4 family residential properties - total recoveries | $140,000 | 314 |
| Secured by multifamily residential properties | $55,000 | 177 |
| Secured by nonfarm nonresidential properties | $22,000 | 1,191 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 43 |
| To foreign banks | $0 | 26 |
| Loans to finance agricultural production and other loans to farmers | $0 | 220 |
| Commercial and industrial loans | $145,000 | 1,111 |
| Loans to individuals | $94,000 | 1,262 |
| Credit card loan recoveries | $1,000 | 2,231 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $93,000 | 1,121 |
| Loans to foreign governments and official institutions | $0 | 38 |
| Other loans | $0 | 355 |
| Lease financing receivables | $0 | 365 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $5,119,000 | 409 |
| Loans secured by real estate, total | $3,433,000 | 278 |
| To non-U.S. addressees | $0 | 18 |
| Real estate loans in domestic offices | $3,433,000 | 278 |
| Construction and land development | $-10,000 | 12,998 |
| Secured by farmland | $0 | 548 |
| Secured by 1-4 family residential properties- net charge-offs | $1,279,000 | 193 |
| Secured by multifamily residential properties | $296,000 | 214 |
| Secured by nonfarm nonresidential properties | $1,868,000 | 225 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 16 |
| To foreign banks | $0 | 11 |
| Loans to finance agricultural production and other loans to farmers | $0 | 121 |
| Commercial and industrial loans | $750,000 | 552 |
| To non-U.S. addressees | $0 | 36 |
| Loans to individuals | $936,000 | 444 |
| Credit card loan net charge offs | $4,000 | 2,623 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $932,000 | 261 |
| Loans to foreign governments and official institutions | $0 | 28 |
| Other loans | $0 | 299 |
| Lease financing receivables | $0 | 315 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1992-12-31 (YTD Data) | Rank | |
| Total charge-offs | $8,958,000 | 407 |
| Loans secured by real estate, total | $7,419,000 | 211 |
| To non-U.S. addressees | $0 | 17 |
| Real estate loans in domestic offices | $7,419,000 | 210 |
| Construction and land development | $212,000 | 600 |
| Secured by farmland | $0 | 904 |
| Total charge-offs secured by 1-4 family residential properties | $2,649,000 | 119 |
| Secured by multifamily residential properties | $853,000 | 155 |
| Secured by nonfarm nonresidential properties | $3,705,000 | 189 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 43 |
| To foreign banks | $0 | 20 |
| Loans to finance agricultural production and other loans to farmers | $0 | 201 |
| Commercial and industrial loans | $1,347,000 | 627 |
| Loans to individuals | $192,000 | 1,914 |
| Credit card loan charge offs | $14,000 | 2,042 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $178,000 | 1,716 |
| Loans to foreign governments and official institutions | $0 | 43 |
| Other loans | $0 | 387 |
| Lease financing receivables | $0 | 464 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $734,000 | 710 |
| Loans secured by real estate, total | $444,000 | 334 |
| To non-U.S. addressees | $0 | 7 |
| Real estate loans in domestic offices | $444,000 | 334 |
| Construction and land development | $17,000 | 550 |
| Secured by farmland | $0 | 870 |
| Secured by 1-4 family residential properties - total recoveries | $221,000 | 195 |
| Secured by multifamily residential properties | $189,000 | 63 |
| Secured by nonfarm nonresidential properties | $17,000 | 1,232 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 52 |
| To foreign banks | $0 | 28 |
| Loans to finance agricultural production and other loans to farmers | $0 | 217 |
| Commercial and industrial loans | $252,000 | 701 |
| Loans to individuals | $38,000 | 2,545 |
| Credit card loan recoveries | $0 | 2,868 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $38,000 | 2,334 |
| Loans to foreign governments and official institutions | $0 | 47 |
| Other loans | $0 | 349 |
| Lease financing receivables | $0 | 397 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $8,224,000 | 383 |
| Loans secured by real estate, total | $6,975,000 | 204 |
| To non-U.S. addressees | $0 | 17 |
| Real estate loans in domestic offices | $6,975,000 | 203 |
| Construction and land development | $195,000 | 595 |
| Secured by farmland | $0 | 773 |
| Secured by 1-4 family residential properties- net charge-offs | $2,428,000 | 112 |
| Secured by multifamily residential properties | $664,000 | 176 |
| Secured by nonfarm nonresidential properties | $3,688,000 | 175 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 36 |
| To foreign banks | $0 | 15 |
| Loans to finance agricultural production and other loans to farmers | $0 | 152 |
| Commercial and industrial loans | $1,095,000 | 631 |
| To non-U.S. addressees | $0 | 50 |
| Loans to individuals | $154,000 | 1,758 |
| Credit card loan net charge offs | $14,000 | 1,863 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $140,000 | 1,543 |
| Loans to foreign governments and official institutions | $0 | 37 |
| Other loans | $0 | 326 |
| Lease financing receivables | $0 | 406 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
* 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.