Home > Square Financial Services, Inc. > Income and Expense
Square Financial Services, Inc., Income and Expense
| 2023-12-31 (YTD Data) | Rank | |
| Total interest income | $94,616,000 | 568 |
| Total interest expense | $4,567,000 | 2,133 |
| Net interest income | $90,049,000 | 404 |
| Provision for loan and lease losses | $18,836,000 | 137 |
| Total noninterest income | $243,990,000 | 83 |
| Gross Fiduciary activities income | $0 | 981 |
| Service charges on deposit accounts | $0 | 4,423 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $243,990,000 | 61 |
| Total noninterest expense | $125,452,000 | 262 |
| Salaries and employee benefits | $35,424,000 | 450 |
| Premises and equipment expense | $579,000 | 2,764 |
| Additional noninterest expense | $243,990,000 | 61 |
| Pre-tax net operating income | $189,751,000 | 133 |
| Securities gains (losses) | $0 | 988 |
| Applicable income taxes | $49,310,000 | 108 |
| Income before extraordinary items | $140,441,000 | 136 |
| Extraordinary gains, net | $0 | 54 |
| Net income | $140,441,000 | 139 |
| Minority interest net income | $0 | 88 |
| Net income of bank and minority interests. | $140,441,000 | 138 |
| Net charge-offs | $10,474,000 | 156 |
| Cash dividends | $0 | 3,459 |
| Sale, conversion, retirement of capital stock, net | $14,481,000 | 40 |
| Net operating income | $140,441,000 | 144 |
| 2023-09-30 (YTD Data) | Rank | |
| Total interest income | $66,101,000 | 595 |
| Total interest expense | $3,319,000 | 2,052 |
| Net interest income | $62,782,000 | 439 |
| Provision for loan and lease losses | $13,387,000 | 150 |
| Total noninterest income | $172,003,000 | 89 |
| Gross Fiduciary activities income | $0 | 950 |
| Service charges on deposit accounts | $0 | 4,443 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $172,003,000 | 64 |
| Total noninterest expense | $90,046,000 | 274 |
| Salaries and employee benefits | $26,926,000 | 447 |
| Premises and equipment expense | $430,000 | 2,784 |
| Additional noninterest expense | $172,003,000 | 64 |
| Pre-tax net operating income | $131,352,000 | 153 |
| Securities gains (losses) | $0 | 849 |
| Applicable income taxes | $34,597,000 | 127 |
| Income before extraordinary items | $96,755,000 | 156 |
| Extraordinary gains, net | $0 | 52 |
| Net income | $96,755,000 | 156 |
| Minority interest net income | $0 | 81 |
| Net income of bank and minority interests. | $96,755,000 | 156 |
| Net charge-offs | $7,332,000 | 156 |
| Cash dividends | $0 | 3,078 |
| Sale, conversion, retirement of capital stock, net | $11,154,000 | 39 |
| Net operating income | $96,755,000 | 160 |
| 2023-06-30 (YTD Data) | Rank | |
| Total interest income | $39,076,000 | 615 |
| Total interest expense | $2,097,000 | 1,963 |
| Net interest income | $36,979,000 | 501 |
| Provision for loan and lease losses | $8,270,000 | 159 |
| Total noninterest income | $111,771,000 | 86 |
| Gross Fiduciary activities income | $0 | 931 |
| Service charges on deposit accounts | $0 | 4,471 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $111,771,000 | 63 |
| Total noninterest expense | $62,988,000 | 260 |
| Salaries and employee benefits | $18,632,000 | 422 |
| Premises and equipment expense | $285,000 | 2,778 |
| Additional noninterest expense | $111,771,000 | 63 |
| Pre-tax net operating income | $77,492,000 | 162 |
| Securities gains (losses) | $0 | 938 |
| Applicable income taxes | $20,375,000 | 138 |
| Income before extraordinary items | $57,117,000 | 167 |
| Extraordinary gains, net | $0 | 51 |
| Net income | $57,117,000 | 171 |
| Minority interest net income | $0 | 81 |
| Net income of bank and minority interests. | $57,117,000 | 167 |
| Net charge-offs | $4,921,000 | 136 |
| Cash dividends | $0 | 2,952 |
| Sale, conversion, retirement of capital stock, net | $7,864,000 | 29 |
| Net operating income | $57,117,000 | 169 |
| 2023-03-31 (YTD Data) | Rank | |
| Total interest income | $16,887,000 | 696 |
| Total interest expense | $1,023,000 | 1,807 |
| Net interest income | $15,864,000 | 562 |
| Provision for loan and lease losses | $4,426,000 | 147 |
| Total noninterest income | $56,559,000 | 87 |
| Gross Fiduciary activities income | $0 | 913 |
| Service charges on deposit accounts | $0 | 4,484 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $56,559,000 | 63 |
| Total noninterest expense | $30,715,000 | 274 |
| Salaries and employee benefits | $8,173,000 | 490 |
| Premises and equipment expense | $140,000 | 2,847 |
| Additional noninterest expense | $56,559,000 | 63 |
| Pre-tax net operating income | $37,282,000 | 168 |
| Securities gains (losses) | $0 | 950 |
| Applicable income taxes | $10,818,000 | 132 |
| Income before extraordinary items | $26,464,000 | 178 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $26,464,000 | 178 |
| Minority interest net income | $0 | 48 |
| Net income of bank and minority interests. | $26,464,000 | 178 |
| Net charge-offs | $2,138,000 | 135 |
| Cash dividends | $0 | 2,337 |
| Sale, conversion, retirement of capital stock, net | $2,792,000 | 43 |
| Net operating income | $26,464,000 | 182 |
| 2022-12-31 (YTD Data) | Rank | |
| Total interest income | $48,335,000 | 769 |
| Total interest expense | $1,362,000 | 2,031 |
| Net interest income | $46,973,000 | 707 |
| Provision for loan and lease losses | $8,559,000 | 189 |
| Total noninterest income | $219,165,000 | 95 |
| Gross Fiduciary activities income | $0 | 1,005 |
| Service charges on deposit accounts | $0 | 4,545 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $219,165,000 | 70 |
| Total noninterest expense | $112,996,000 | 286 |
| Salaries and employee benefits | $29,873,000 | 507 |
| Premises and equipment expense | $957,000 | 2,060 |
| Additional noninterest expense | $219,165,000 | 70 |
| Pre-tax net operating income | $144,583,000 | 180 |
| Securities gains (losses) | $0 | 691 |
| Applicable income taxes | $41,135,000 | 156 |
| Income before extraordinary items | $103,448,000 | 193 |
| Extraordinary gains, net | $0 | 5 |
| Net income | $103,448,000 | 193 |
| Minority interest net income | $0 | 63 |
| Net income of bank and minority interests. | $103,448,000 | 193 |
| Net charge-offs | $3,425,000 | 205 |
| Cash dividends | $0 | 3,475 |
| Sale, conversion, retirement of capital stock, net | $11,643,000 | 71 |
| Net operating income | $103,448,000 | 194 |
| 2022-09-30 (YTD Data) | Rank | |
| Total interest income | $32,305,000 | 818 |
| Total interest expense | $475,000 | 2,728 |
| Net interest income | $31,830,000 | 768 |
| Provision for loan and lease losses | $5,735,000 | 184 |
| Total noninterest income | $155,560,000 | 104 |
| Gross Fiduciary activities income | $0 | 968 |
| Service charges on deposit accounts | $0 | 4,582 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $155,560,000 | 75 |
| Total noninterest expense | $79,690,000 | 296 |
| Salaries and employee benefits | $22,217,000 | 509 |
| Premises and equipment expense | $718,000 | 2,064 |
| Additional noninterest expense | $155,560,000 | 75 |
| Pre-tax net operating income | $101,965,000 | 187 |
| Securities gains (losses) | $0 | 740 |
| Applicable income taxes | $28,332,000 | 164 |
| Income before extraordinary items | $73,633,000 | 199 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $73,633,000 | 199 |
| Minority interest net income | $0 | 57 |
| Net income of bank and minority interests. | $73,633,000 | 199 |
| Net charge-offs | $2,079,000 | 217 |
| Cash dividends | $0 | 3,099 |
| Sale, conversion, retirement of capital stock, net | $8,467,000 | 67 |
| Net operating income | $73,633,000 | 197 |
| 2022-06-30 (YTD Data) | Rank | |
| Total interest income | $19,341,000 | 859 |
| Total interest expense | $197,000 | 3,221 |
| Net interest income | $19,144,000 | 818 |
| Provision for loan and lease losses | $2,454,000 | 233 |
| Total noninterest income | $96,823,000 | 103 |
| Gross Fiduciary activities income | $0 | 925 |
| Service charges on deposit accounts | $0 | 4,638 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $96,823,000 | 81 |
| Total noninterest expense | $49,912,000 | 305 |
| Salaries and employee benefits | $14,710,000 | 505 |
| Premises and equipment expense | $479,000 | 2,066 |
| Additional noninterest expense | $34,723,000 | 176 |
| Pre-tax net operating income | $63,601,000 | 194 |
| Securities gains (losses) | $0 | 687 |
| Applicable income taxes | $17,560,000 | 168 |
| Income before extraordinary items | $46,041,000 | 203 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $46,041,000 | 203 |
| Minority interest net income | $0 | 60 |
| Net income of bank and minority interests. | $46,041,000 | 203 |
| Net charge-offs | $1,043,000 | 231 |
| Cash dividends | $0 | 2,961 |
| Sale, conversion, retirement of capital stock, net | $5,625,000 | 60 |
| Net operating income | $46,041,000 | 205 |
| 2022-03-31 (YTD Data) | Rank | |
| Total interest income | $9,351,000 | 855 |
| Total interest expense | $77,000 | 3,483 |
| Net interest income | $9,274,000 | 818 |
| Provision for loan and lease losses | $1,084,000 | 191 |
| Total noninterest income | $41,034,000 | 110 |
| Gross Fiduciary activities income | $0 | 892 |
| Service charges on deposit accounts | $0 | 4,649 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $41,034,000 | 83 |
| Total noninterest expense | $21,370,000 | 343 |
| Salaries and employee benefits | $6,169,000 | 609 |
| Premises and equipment expense | $239,000 | 2,092 |
| Additional noninterest expense | $14,962,000 | 189 |
| Pre-tax net operating income | $27,854,000 | 199 |
| Securities gains (losses) | $0 | 623 |
| Applicable income taxes | $7,522,000 | 173 |
| Income before extraordinary items | $20,332,000 | 223 |
| Extraordinary gains, net | $0 | 4 |
| Net income | $20,332,000 | 223 |
| Minority interest net income | $0 | 50 |
| Net income of bank and minority interests. | $20,332,000 | 223 |
| Net charge-offs | $160,000 | 403 |
| Cash dividends | $0 | 2,284 |
| Sale, conversion, retirement of capital stock, net | $1,709,000 | 55 |
| Net operating income | $20,332,000 | 222 |
| 2021-12-31 (YTD Data) | Rank | |
| Total interest income | $19,710,000 | 1,501 |
| Total interest expense | $100,000 | 4,513 |
| Net interest income | $19,610,000 | 1,390 |
| Provision for loan and lease losses | $3,759,000 | 149 |
| Total noninterest income | $90,760,000 | 192 |
| Gross Fiduciary activities income | $0 | 994 |
| Service charges on deposit accounts | $0 | 4,720 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $90,760,000 | 149 |
| Total noninterest expense | $53,781,000 | 491 |
| Salaries and employee benefits | $17,165,000 | 838 |
| Premises and equipment expense | $778,000 | 2,351 |
| Additional noninterest expense | $35,838,000 | 274 |
| Pre-tax net operating income | $52,830,000 | 372 |
| Securities gains (losses) | $0 | 2,062 |
| Applicable income taxes | $13,942,000 | 315 |
| Income before extraordinary items | $38,888,000 | 397 |
| Extraordinary gains, net | $0 | 10 |
| Net income | $38,888,000 | 396 |
| Minority interest net income | $0 | 74 |
| Net income of bank and minority interests. | $38,888,000 | 397 |
| Net charge-offs | $43,000 | 1,736 |
| Cash dividends | $0 | 3,608 |
| Sale, conversion, retirement of capital stock, net | $60,616,000 | 14 |
| Net operating income | $38,888,000 | 388 |
| 2021-09-30 (YTD Data) | Rank | |
| Total interest income | $9,175,000 | 2,210 |
| Total interest expense | $48,000 | 4,736 |
| Net interest income | $9,127,000 | 2,029 |
| Provision for loan and lease losses | $2,142,000 | 197 |
| Total noninterest income | $44,392,000 | 251 |
| Gross Fiduciary activities income | $0 | 957 |
| Service charges on deposit accounts | $0 | 4,787 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $44,392,000 | 199 |
| Total noninterest expense | $30,359,000 | 655 |
| Salaries and employee benefits | $11,331,000 | 932 |
| Premises and equipment expense | $545,000 | 2,480 |
| Additional noninterest expense | $18,483,000 | 358 |
| Pre-tax net operating income | $21,018,000 | 596 |
| Securities gains (losses) | $0 | 2,015 |
| Applicable income taxes | $6,588,000 | 436 |
| Income before extraordinary items | $14,430,000 | 689 |
| Extraordinary gains, net | $0 | 8 |
| Net income | $14,430,000 | 689 |
| Minority interest net income | $0 | 69 |
| Net income of bank and minority interests. | $14,430,000 | 689 |
| Net charge-offs | $0 | 2,463 |
| Cash dividends | $0 | 3,251 |
| Sale, conversion, retirement of capital stock, net | $58,770,000 | 13 |
| Net operating income | $14,430,000 | 678 |
| 2021-06-30 (YTD Data) | Rank | |
| Total interest income | $2,020,000 | 3,853 |
| Total interest expense | $11,000 | 4,890 |
| Net interest income | $2,009,000 | 3,734 |
| Provision for loan and lease losses | $601,000 | 496 |
| Total noninterest income | $15,528,000 | 390 |
| Gross Fiduciary activities income | $0 | 951 |
| Service charges on deposit accounts | $0 | 4,816 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $15,528,000 | 314 |
| Total noninterest expense | $12,532,000 | 982 |
| Salaries and employee benefits | $5,915,000 | 1,136 |
| Premises and equipment expense | $311,000 | 2,690 |
| Additional noninterest expense | $6,306,000 | 619 |
| Pre-tax net operating income | $4,404,000 | 1,432 |
| Securities gains (losses) | $0 | 1,818 |
| Applicable income taxes | $50,000 | 3,032 |
| Income before extraordinary items | $4,354,000 | 1,305 |
| Extraordinary gains, net | $0 | 6 |
| Net income | $4,354,000 | 1,305 |
| Minority interest net income | $0 | 67 |
| Net income of bank and minority interests. | $4,354,000 | 1,305 |
| Net charge-offs | $0 | 2,245 |
| Cash dividends | $0 | 3,104 |
| Sale, conversion, retirement of capital stock, net | $57,047,000 | 13 |
| Net operating income | $4,354,000 | 1,280 |
| 2021-03-31 (YTD Data) | Rank | |
| Total interest income | $5,000 | 4,973 |
| Total interest expense | $0 | 4,958 |
| Net interest income | $5,000 | 4,969 |
| Provision for loan and lease losses | $0 | 2,741 |
| Total noninterest income | $1,367,000 | 1,247 |
| Gross Fiduciary activities income | $0 | 922 |
| Service charges on deposit accounts | $0 | 4,819 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $1,367,000 | 1,043 |
| Total noninterest expense | $1,522,000 | 2,688 |
| Salaries and employee benefits | $1,148,000 | 2,282 |
| Premises and equipment expense | $78,000 | 3,758 |
| Additional noninterest expense | $296,000 | 3,437 |
| Pre-tax net operating income | $-150,000 | 4,911 |
| Securities gains (losses) | $0 | 1,392 |
| Applicable income taxes | $25,000 | 2,987 |
| Income before extraordinary items | $-175,000 | 4,915 |
| Extraordinary gains, net | $0 | 3 |
| Net income | $-175,000 | 4,915 |
| Minority interest net income | $0 | 55 |
| Net income of bank and minority interests. | $-175,000 | 4,915 |
| Net charge-offs | $0 | 1,930 |
| Cash dividends | $0 | 2,452 |
| Sale, conversion, retirement of capital stock, net | $56,005,000 | 8 |
| Net operating income | $-175,000 | 4,915 |
* 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.