Home > The Algonac Savings Bank > Income and Expense
The Algonac Savings Bank, Income and Expense
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $9,388,000 | 3,472 |
| Total interest expense | $3,630,000 | 4,054 |
| Net interest income | $5,758,000 | 3,073 |
| Provision for loan and lease losses | $199,000 | 3,449 |
| Total noninterest income | $867,000 | 3,487 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $451,000 | 2,999 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $416,000 | 3,326 |
| Total noninterest expense | $3,471,000 | 3,798 |
| Salaries and employee benefits | $1,883,000 | 3,525 |
| Premises and equipment expense | $400,000 | 4,537 |
| Additional noninterest expense | $1,188,000 | 3,815 |
| Pre-tax net operating income | $2,955,000 | 2,404 |
| Securities gains (losses) | $4,000 | 3,123 |
| Applicable income taxes | $770,000 | 2,952 |
| Income before extraordinary items | $2,189,000 | 2,255 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $2,189,000 | 2,255 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $61,000 | 4,891 |
| Cash dividends | $1,240,000 | 1,824 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $2,186,040 | 2,207 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $8,647,000 | 3,752 |
| Total interest expense | $3,485,000 | 4,176 |
| Net interest income | $5,162,000 | 3,430 |
| Provision for loan and lease losses | $73,000 | 5,323 |
| Total noninterest income | $685,000 | 4,160 |
| Gross Fiduciary activities income | $0 | 1,590 |
| Service charges on deposit accounts | $386,000 | 3,469 |
| Trading account gains and fees | $20,000 | 392 |
| Additional Noninterest Income | $279,000 | 4,180 |
| Total noninterest expense | $3,516,000 | 3,730 |
| Salaries and employee benefits | $1,870,000 | 3,524 |
| Premises and equipment expense | $411,000 | 4,429 |
| Additional noninterest expense | $1,235,000 | 3,653 |
| Pre-tax net operating income | $2,258,000 | 3,140 |
| Securities gains (losses) | $2,000 | 3,270 |
| Applicable income taxes | $544,000 | 3,942 |
| Income before extraordinary items | $1,716,000 | 2,870 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $1,716,000 | 2,868 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $31,000 | 5,954 |
| Cash dividends | $1,122,000 | 1,848 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $1,714,480 | 2,837 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $7,886,000 | 3,800 |
| Total interest expense | $3,007,000 | 3,956 |
| Net interest income | $4,879,000 | 3,645 |
| Provision for loan and lease losses | $0 | 9,146 |
| Total noninterest income | $597,000 | 4,682 |
| Gross Fiduciary activities income | $0 | 1,599 |
| Service charges on deposit accounts | $345,000 | 3,893 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $252,000 | 4,576 |
| Total noninterest expense | $3,463,000 | 3,883 |
| Salaries and employee benefits | $1,768,000 | 3,681 |
| Premises and equipment expense | $402,000 | 4,567 |
| Additional noninterest expense | $1,293,000 | 3,794 |
| Pre-tax net operating income | $2,013,000 | 3,405 |
| Securities gains (losses) | $-1,000 | 8,790 |
| Applicable income taxes | $441,000 | 4,454 |
| Income before extraordinary items | $1,571,000 | 3,056 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $1,571,000 | 3,066 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 8,921 |
| Cash dividends | $710,000 | 2,493 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $1,571,780 | 3,074 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $7,881,000 | 3,866 |
| Total interest expense | $3,109,000 | 3,997 |
| Net interest income | $4,772,000 | 3,727 |
| Provision for loan and lease losses | $-11,000 | 12,525 |
| Total noninterest income | $639,000 | 4,744 |
| Gross Fiduciary activities income | $0 | 1,630 |
| Service charges on deposit accounts | $344,000 | 3,950 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $295,000 | 4,513 |
| Total noninterest expense | $3,403,000 | 4,021 |
| Salaries and employee benefits | $1,840,000 | 3,541 |
| Premises and equipment expense | $427,000 | 4,456 |
| Additional noninterest expense | $1,136,000 | 4,411 |
| Pre-tax net operating income | $2,019,000 | 3,280 |
| Securities gains (losses) | $0 | 7,477 |
| Applicable income taxes | $441,000 | 4,658 |
| Income before extraordinary items | $1,578,000 | 3,090 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $1,578,000 | 3,176 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-11,000 | 11,785 |
| Cash dividends | $720,000 | 2,333 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $1,578,000 | 2,911 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $8,561,000 | 4,035 |
| Total interest expense | $3,822,000 | 4,237 |
| Net interest income | $4,739,000 | 3,823 |
| Provision for loan and lease losses | $26,000 | 10,195 |
| Total noninterest income | $549,000 | 5,284 |
| Gross Fiduciary activities income | $0 | 1,658 |
| Service charges on deposit accounts | $303,000 | 4,400 |
| Trading account gains and fees | $0 | 504 |
| Additional Noninterest Income | $246,000 | 5,004 |
| Total noninterest expense | $3,212,000 | 4,253 |
| Salaries and employee benefits | $1,699,000 | 3,769 |
| Premises and equipment expense | $381,000 | 4,982 |
| Additional noninterest expense | $1,132,000 | 4,574 |
| Pre-tax net operating income | $2,050,000 | 3,034 |
| Securities gains (losses) | $20,000 | 5,594 |
| Applicable income taxes | $479,000 | 4,133 |
| Income before extraordinary items | $1,591,000 | 2,889 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $1,591,000 | 2,926 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $4,000 | 10,608 |
| Cash dividends | $792,000 | 1,941 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $1,575,600 | 2,700 |
* 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.