Home > Sturgeon State Bank > Income and Expense

Sturgeon State Bank, Income and Expense

1998-12-31 (YTD Data)		Rank
Total interest income	$2,875,000	7,675
Total interest expense	$1,325,000	7,599
Net interest income	$1,550,000	7,572
Provision for loan and lease losses	$58,000	6,364
Total noninterest income	$286,000	6,602
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$230,000	4,749
Trading account gains and fees	NA	NA
Additional Noninterest Income	$56,000	7,951
Total noninterest expense	$1,061,000	7,937
Salaries and employee benefits	$662,000	7,416
Premises and equipment expense	$156,000	7,517
Additional noninterest expense	$243,000	8,671
Pre-tax net operating income	$717,000	6,420
Securities gains (losses)	$0	4,449
Applicable income taxes	$245,000	5,696
Income before extraordinary items	$472,000	6,773
Extraordinary gains, net	$0	32
Net income	$472,000	6,771
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-3,000	9,285
Cash dividends	$125,000	6,004
Sale, conversion, retirement of capital stock, net	$0	1,027
Net operating income	$472,000	6,666
1997-12-31 (YTD Data)		Rank
Total interest income	$2,745,000	8,073
Total interest expense	$1,347,000	7,722
Net interest income	$1,398,000	8,237
Provision for loan and lease losses	$0	8,829
Total noninterest income	$255,000	7,161
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$219,000	5,049
Trading account gains and fees	NA	NA
Additional Noninterest Income	$36,000	9,049
Total noninterest expense	$978,000	8,429
Salaries and employee benefits	$608,000	7,860
Premises and equipment expense	$121,000	8,469
Additional noninterest expense	$249,000	8,860
Pre-tax net operating income	$675,000	7,082
Securities gains (losses)	$0	3,944
Applicable income taxes	$227,000	6,538
Income before extraordinary items	$448,000	7,325
Extraordinary gains, net	$0	44
Net income	$448,000	7,328
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$47,000	5,260
Cash dividends	$75,000	6,827
Sale, conversion, retirement of capital stock, net	$0	1,030
Net operating income	$448,000	7,270
1996-12-31 (YTD Data)		Rank
Total interest income	$2,302,000	8,977
Total interest expense	$1,103,000	8,687
Net interest income	$1,199,000	9,030
Provision for loan and lease losses	$11,000	8,496
Total noninterest income	$237,000	7,764
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$205,000	5,460
Trading account gains and fees	NA	NA
Additional Noninterest Income	$32,000	9,747
Total noninterest expense	$950,000	8,877
Salaries and employee benefits	$580,000	8,256
Premises and equipment expense	$118,000	8,844
Additional noninterest expense	$252,000	9,377
Pre-tax net operating income	$475,000	8,089
Securities gains (losses)	$0	4,148
Applicable income taxes	$168,000	7,615
Income before extraordinary items	$307,000	8,362
Extraordinary gains, net	$0	53
Net income	$307,000	8,359
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$4,000	8,146
Cash dividends	$75,000	7,116
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$307,000	8,309
1995-12-31 (YTD Data)		Rank
Total interest income	$1,889,000	9,899
Total interest expense	$892,000	9,646
Net interest income	$997,000	9,952
Provision for loan and lease losses	$27,000	7,269
Total noninterest income	$212,000	8,251
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$152,000	6,619
Trading account gains and fees	NA	NA
Additional Noninterest Income	$60,000	8,751
Total noninterest expense	$975,000	9,060
Salaries and employee benefits	$601,000	8,348
Premises and equipment expense	$103,000	9,537
Additional noninterest expense	$271,000	9,586
Pre-tax net operating income	$207,000	10,423
Securities gains (losses)	$0	3,831
Applicable income taxes	$34,000	10,512
Income before extraordinary items	$173,000	10,234
Extraordinary gains, net	$0	65
Net income	$173,000	10,237
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-39,000	11,353
Cash dividends	$75,000	7,260
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$173,000	10,205
1994-12-31 (YTD Data)		Rank
Total interest income	$1,395,000	10,949
Total interest expense	$517,000	11,021
Net interest income	$878,000	10,792
Provision for loan and lease losses	$0	9,146
Total noninterest income	$167,000	9,366
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$141,000	7,101
Trading account gains and fees	NA	NA
Additional Noninterest Income	$26,000	11,043
Total noninterest expense	$816,000	10,166
Salaries and employee benefits	$491,000	9,478
Premises and equipment expense	$73,000	10,875
Additional noninterest expense	$252,000	10,498
Pre-tax net operating income	$229,000	10,671
Securities gains (losses)	$-4,000	9,291
Applicable income taxes	$58,000	10,278
Income before extraordinary items	$167,000	10,635
Extraordinary gains, net	$0	249
Net income	$167,000	10,641
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$2,000	8,524
Cash dividends	$75,000	7,404
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$169,960	10,655
1993-12-31 (YTD Data)		Rank
Total interest income	$1,444,000	11,354
Total interest expense	$548,000	11,430
Net interest income	$896,000	11,178
Provision for loan and lease losses	$53,000	7,335
Total noninterest income	$172,000	9,777
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$147,000	7,169
Trading account gains and fees	NA	NA
Additional Noninterest Income	$25,000	11,679
Total noninterest expense	$798,000	10,679
Salaries and employee benefits	$471,000	9,946
Premises and equipment expense	$79,000	11,181
Additional noninterest expense	$248,000	11,112
Pre-tax net operating income	$217,000	10,893
Securities gains (losses)	$0	7,477
Applicable income taxes	$83,000	10,142
Income before extraordinary items	$134,000	11,403
Extraordinary gains, net	$61,000	2,018
Net income	$195,000	10,813
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$27,000	7,224
Cash dividends	$75,000	7,397
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$134,000	11,193
1992-12-31 (YTD Data)		Rank
Total interest income	$1,683,000	11,550
Total interest expense	$745,000	11,603
Net interest income	$938,000	11,346
Provision for loan and lease losses	$0	11,756
Total noninterest income	$171,000	10,010
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$145,000	7,235
Trading account gains and fees	NA	NA
Additional Noninterest Income	$26,000	12,093
Total noninterest expense	$796,000	11,020
Salaries and employee benefits	$451,000	10,298
Premises and equipment expense	$84,000	11,345
Additional noninterest expense	$261,000	11,394
Pre-tax net operating income	$313,000	10,005
Securities gains (losses)	$33,000	4,829
Applicable income taxes	$112,000	9,602
Income before extraordinary items	$234,000	10,120
Extraordinary gains, net	$0	1,422
Net income	$234,000	10,265
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$18,000	9,274
Cash dividends	$47,000	7,815
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$211,560	10,090

* 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.