Home > The First National Bank in Ontonagon > Income and Expense

The First National Bank in Ontonagon, Income and Expense

1996-12-31 (YTD Data)		Rank
Total interest income	$2,239,000	9,040
Total interest expense	$869,000	9,413
Net interest income	$1,370,000	8,587
Provision for loan and lease losses	$48,000	6,700
Total noninterest income	$144,000	9,105
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$97,000	7,562
Trading account gains and fees	NA	NA
Additional Noninterest Income	$47,000	9,021
Total noninterest expense	$1,025,000	8,583
Salaries and employee benefits	$538,000	8,591
Premises and equipment expense	$220,000	6,686
Additional noninterest expense	$267,000	9,216
Pre-tax net operating income	$441,000	8,270
Securities gains (losses)	$10,000	2,493
Applicable income taxes	$134,000	8,146
Income before extraordinary items	$317,000	8,285
Extraordinary gains, net	$0	53
Net income	$317,000	8,283
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$39,000	5,752
Cash dividends	$144,000	6,125
Sale, conversion, retirement of capital stock, net	$0	953
Net operating income	$310,000	8,279
1995-12-31 (YTD Data)		Rank
Total interest income	$2,166,000	9,469
Total interest expense	$879,000	9,695
Net interest income	$1,287,000	9,108
Provision for loan and lease losses	$31,000	7,042
Total noninterest income	$145,000	9,397
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$94,000	7,930
Trading account gains and fees	NA	NA
Additional Noninterest Income	$51,000	9,186
Total noninterest expense	$1,049,000	8,764
Salaries and employee benefits	$537,000	8,801
Premises and equipment expense	$193,000	7,333
Additional noninterest expense	$319,000	9,046
Pre-tax net operating income	$352,000	9,371
Securities gains (losses)	$-2,000	9,253
Applicable income taxes	$80,000	9,585
Income before extraordinary items	$270,000	9,225
Extraordinary gains, net	$0	65
Net income	$270,000	9,230
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$23,000	6,445
Cash dividends	$157,000	5,986
Sale, conversion, retirement of capital stock, net	$0	809
Net operating income	$271,540	9,179
1994-12-31 (YTD Data)		Rank
Total interest income	$2,034,000	9,744
Total interest expense	$741,000	9,872
Net interest income	$1,293,000	9,480
Provision for loan and lease losses	$34,000	6,932
Total noninterest income	$146,000	9,773
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$86,000	8,498
Trading account gains and fees	NA	NA
Additional Noninterest Income	$60,000	9,091
Total noninterest expense	$1,003,000	9,338
Salaries and employee benefits	$465,000	9,708
Premises and equipment expense	$180,000	7,850
Additional noninterest expense	$358,000	9,258
Pre-tax net operating income	$402,000	9,348
Securities gains (losses)	$-192,000	11,926
Applicable income taxes	$44,000	10,609
Income before extraordinary items	$166,000	10,650
Extraordinary gains, net	$0	249
Net income	$166,000	10,656
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$7,000	7,826
Cash dividends	$187,000	5,662
Sale, conversion, retirement of capital stock, net	$0	1,160
Net operating income	$317,680	9,023
1993-12-31 (YTD Data)		Rank
Total interest income	$2,018,000	10,134
Total interest expense	$784,000	10,126
Net interest income	$1,234,000	9,956
Provision for loan and lease losses	$27,000	8,602
Total noninterest income	$134,000	10,548
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$72,000	9,272
Trading account gains and fees	NA	NA
Additional Noninterest Income	$62,000	9,431
Total noninterest expense	$1,022,000	9,642
Salaries and employee benefits	$479,000	9,872
Premises and equipment expense	$169,000	8,403
Additional noninterest expense	$374,000	9,548
Pre-tax net operating income	$319,000	10,090
Securities gains (losses)	$28,000	4,186
Applicable income taxes	$99,000	9,774
Income before extraordinary items	$248,000	10,067
Extraordinary gains, net	$-46,000	12,698
Net income	$202,000	10,733
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$21,000	7,654
Cash dividends	$188,000	5,619
Sale, conversion, retirement of capital stock, net	$0	1,223
Net operating income	$228,120	10,051
1992-12-31 (YTD Data)		Rank
Total interest income	$2,159,000	10,568
Total interest expense	$1,019,000	10,312
Net interest income	$1,140,000	10,552
Provision for loan and lease losses	$24,000	10,335
Total noninterest income	$130,000	10,919
Gross Fiduciary activities income	NA	NA
Service charges on deposit accounts	$59,000	9,957
Trading account gains and fees	NA	NA
Additional Noninterest Income	$71,000	9,237
Total noninterest expense	$936,000	10,276
Salaries and employee benefits	$433,000	10,482
Premises and equipment expense	$130,000	9,690
Additional noninterest expense	$373,000	9,907
Pre-tax net operating income	$310,000	10,041
Securities gains (losses)	$94,000	3,106
Applicable income taxes	$131,000	9,084
Income before extraordinary items	$273,000	9,644
Extraordinary gains, net	$0	1,422
Net income	$273,000	9,782
Minority interest net income	NA	NA
Net income of bank and minority interests.	NA	NA
Net charge-offs	$13,000	9,710
Cash dividends	$169,000	5,507
Sale, conversion, retirement of capital stock, net	$0	1,165
Net operating income	$209,080	10,131

* 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.