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Sovereign Community Bank, Income and Expense

1996-12-31 (YTD Data)		Rank
Total interest income	$8,546,000	3,793
Total interest expense	$5,148,000	2,920
Net interest income	$3,398,000	4,951
Provision for loan and lease losses	$750,000	1,257
Total noninterest income	$247,000	7,627
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	NA	NA
Trading account gains and fees	$0	262
Additional Noninterest Income	$247,000	4,569
Total noninterest expense	$2,483,000	5,038
Salaries and employee benefits	$398,000	9,615
Premises and equipment expense	$293,000	5,680
Additional noninterest expense	$1,792,000	2,704
Pre-tax net operating income	$412,000	8,438
Securities gains (losses)	$0	4,148
Applicable income taxes	$82,000	9,093
Income before extraordinary items	$330,000	8,161
Extraordinary gains, net	$0	53
Net income	$330,000	8,161
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-18,000	10,644
Cash dividends	$0	8,336
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$330,000	8,104
1995-12-31 (YTD Data)		Rank
Total interest income	$3,262,000	7,843
Total interest expense	$1,528,000	7,619
Net interest income	$1,734,000	7,926
Provision for loan and lease losses	$0	8,958
Total noninterest income	$71,000	10,936
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$41,000	9,495
Trading account gains and fees	$0	522
Additional Noninterest Income	$30,000	10,278
Total noninterest expense	$1,512,000	7,231
Salaries and employee benefits	$732,000	7,517
Premises and equipment expense	$266,000	6,114
Additional noninterest expense	$514,000	7,143
Pre-tax net operating income	$293,000	9,803
Securities gains (losses)	$0	3,831
Applicable income taxes	$0	11,151
Income before extraordinary items	$293,000	9,014
Extraordinary gains, net	$0	65
Net income	$293,000	9,019
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$6,000	7,925
Cash dividends	$0	8,717
Sale, conversion, retirement of capital stock, net	NA	NA
Net operating income	$293,000	8,978
1994-12-31 (YTD Data)		Rank
Total interest income	$3,377,000	7,517
Total interest expense	$1,198,000	7,908
Net interest income	$2,179,000	7,132
Provision for loan and lease losses	$20,000	7,754
Total noninterest income	$76,000	11,355
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$58,000	9,408
Trading account gains and fees	NA	NA
Additional Noninterest Income	$18,000	11,564
Total noninterest expense	$1,953,000	6,331
Salaries and employee benefits	$805,000	7,182
Premises and equipment expense	$418,000	4,420
Additional noninterest expense	$730,000	6,128
Pre-tax net operating income	$282,000	10,266
Securities gains (losses)	$-92,000	11,480
Applicable income taxes	$0	11,630
Income before extraordinary items	$190,000	10,401
Extraordinary gains, net	$0	249
Net income	$190,000	10,403
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-11,000	10,867
Cash dividends	$0	8,932
Sale, conversion, retirement of capital stock, net	$198,000	704
Net operating income	$282,000	9,409
1993-12-31 (YTD Data)		Rank
Total interest income	$3,770,000	7,158
Total interest expense	$1,573,000	6,965
Net interest income	$2,197,000	7,195
Provision for loan and lease losses	$435,000	2,318
Total noninterest income	$85,000	11,694
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$61,000	9,646
Trading account gains and fees	NA	NA
Additional Noninterest Income	$24,000	11,745
Total noninterest expense	$2,002,000	6,335
Salaries and employee benefits	$644,000	8,441
Premises and equipment expense	$459,000	4,170
Additional noninterest expense	$899,000	5,373
Pre-tax net operating income	$-155,000	12,653
Securities gains (losses)	$199,000	1,699
Applicable income taxes	$0	12,141
Income before extraordinary items	$44,000	12,284
Extraordinary gains, net	$0	3,149
Net income	$44,000	12,307
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$593,000	1,593
Cash dividends	$0	9,081
Sale, conversion, retirement of capital stock, net	$20,000	1,083
Net operating income	$-155,000	12,629
1992-12-31 (YTD Data)		Rank
Total interest income	$3,941,000	7,591
Total interest expense	$1,886,000	7,387
Net interest income	$2,055,000	7,602
Provision for loan and lease losses	$592,000	2,663
Total noninterest income	$80,000	12,281
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$51,000	10,268
Trading account gains and fees	NA	NA
Additional Noninterest Income	$29,000	11,840
Total noninterest expense	$1,579,000	7,642
Salaries and employee benefits	$596,000	8,839
Premises and equipment expense	$420,000	4,618
Additional noninterest expense	$563,000	7,837
Pre-tax net operating income	$-36,000	12,835
Securities gains (losses)	$174,000	2,214
Applicable income taxes	$36,000	11,628
Income before extraordinary items	$102,000	11,907
Extraordinary gains, net	$36,000	1,087
Net income	$138,000	11,514
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$137,000	5,121
Cash dividends	$0	8,912
Sale, conversion, retirement of capital stock, net	$77,000	873
Net operating income	$-26,760	12,757

* 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.