Home > The Riggs National Bank of Virginia > Income and Expense
The Riggs National Bank of Virginia, Income and Expense
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $25,477,000 | 1,340 |
| Total interest expense | $11,164,000 | 1,456 |
| Net interest income | $14,313,000 | 1,259 |
| Provision for loan and lease losses | $0 | 8,958 |
| Total noninterest income | $6,917,000 | 769 |
| Gross Fiduciary activities income | $1,161,000 | 498 |
| Service charges on deposit accounts | $2,631,000 | 542 |
| Trading account gains and fees | $20,000 | 392 |
| Additional Noninterest Income | $3,105,000 | 875 |
| Total noninterest expense | $14,508,000 | 1,035 |
| Salaries and employee benefits | $3,078,000 | 2,150 |
| Premises and equipment expense | $4,792,000 | 505 |
| Additional noninterest expense | $6,638,000 | 896 |
| Pre-tax net operating income | $6,722,000 | 1,156 |
| Securities gains (losses) | $0 | 3,831 |
| Applicable income taxes | $2,333,000 | 1,097 |
| Income before extraordinary items | $4,389,000 | 1,212 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $4,389,000 | 1,210 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $295,000 | 1,961 |
| Cash dividends | $1,674,000 | 1,389 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $4,389,000 | 1,184 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $21,274,000 | 1,451 |
| Total interest expense | $6,800,000 | 1,845 |
| Net interest income | $14,474,000 | 1,258 |
| Provision for loan and lease losses | $0 | 9,146 |
| Total noninterest income | $7,240,000 | 726 |
| Gross Fiduciary activities income | $1,310,000 | 457 |
| Service charges on deposit accounts | $2,619,000 | 535 |
| Trading account gains and fees | $29,000 | 318 |
| Additional Noninterest Income | $3,282,000 | 837 |
| Total noninterest expense | $14,913,000 | 1,020 |
| Salaries and employee benefits | $3,329,000 | 1,997 |
| Premises and equipment expense | $4,803,000 | 495 |
| Additional noninterest expense | $6,781,000 | 929 |
| Pre-tax net operating income | $6,801,000 | 1,115 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $2,315,000 | 1,060 |
| Income before extraordinary items | $4,486,000 | 1,130 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $4,486,000 | 1,130 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $391,000 | 1,621 |
| Cash dividends | $1,829,000 | 1,204 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $4,486,000 | 1,137 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $21,035,000 | 1,493 |
| Total interest expense | $7,112,000 | 1,831 |
| Net interest income | $13,923,000 | 1,294 |
| Provision for loan and lease losses | $75,000 | 6,449 |
| Total noninterest income | $6,213,000 | 841 |
| Gross Fiduciary activities income | $1,081,000 | 527 |
| Service charges on deposit accounts | $2,290,000 | 590 |
| Trading account gains and fees | $17,000 | 387 |
| Additional Noninterest Income | $2,825,000 | 1,005 |
| Total noninterest expense | $15,128,000 | 1,048 |
| Salaries and employee benefits | $3,908,000 | 1,725 |
| Premises and equipment expense | $4,635,000 | 527 |
| Additional noninterest expense | $6,585,000 | 1,029 |
| Pre-tax net operating income | $4,933,000 | 1,418 |
| Securities gains (losses) | $0 | 7,477 |
| Applicable income taxes | $1,656,000 | 1,434 |
| Income before extraordinary items | $3,277,000 | 1,559 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $3,277,000 | 1,609 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $297,000 | 2,488 |
| Cash dividends | $1,209,000 | 1,505 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $3,277,000 | 1,468 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $23,318,000 | 1,555 |
| Total interest expense | $10,418,000 | 1,662 |
| Net interest income | $12,900,000 | 1,437 |
| Provision for loan and lease losses | $0 | 11,756 |
| Total noninterest income | $5,641,000 | 900 |
| Gross Fiduciary activities income | $909,000 | 576 |
| Service charges on deposit accounts | $2,283,000 | 600 |
| Trading account gains and fees | $13,000 | 401 |
| Additional Noninterest Income | $2,436,000 | 1,097 |
| Total noninterest expense | $14,120,000 | 1,115 |
| Salaries and employee benefits | $4,255,000 | 1,564 |
| Premises and equipment expense | $4,482,000 | 556 |
| Additional noninterest expense | $5,383,000 | 1,234 |
| Pre-tax net operating income | $4,421,000 | 1,439 |
| Securities gains (losses) | $21,000 | 5,524 |
| Applicable income taxes | $1,523,000 | 1,441 |
| Income before extraordinary items | $2,919,000 | 1,588 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $2,919,000 | 1,602 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-97,000 | 13,712 |
| Cash dividends | $836,000 | 1,831 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $2,905,140 | 1,482 |
* 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.