The Farmers and Merchants State Bank of Derby, Income and Expense

1992-12-31 (YTD Data)		Rank
Total interest income	$4,361,000	7,056
Total interest expense	$2,102,000	6,863
Net interest income	$2,259,000	7,093
Provision for loan and lease losses	$10,000	11,168
Total noninterest income	$486,000	5,760
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$280,000	4,692
Trading account gains and fees	NA	NA
Additional Noninterest Income	$206,000	5,582
Total noninterest expense	$1,948,000	6,513
Salaries and employee benefits	$816,000	7,166
Premises and equipment expense	$230,000	7,171
Additional noninterest expense	$902,000	5,514
Pre-tax net operating income	$787,000	6,624
Securities gains (losses)	$670,000	870
Applicable income taxes	$596,000	3,453
Income before extraordinary items	$861,000	5,075
Extraordinary gains, net	$550,000	198
Net income	$1,411,000	3,295
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$-14,000	12,939
Cash dividends	$175,000	5,409
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$432,200	7,557

* 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.