Home > U.S. Trust Company of North Carolina > Income and Expense
U.S. Trust Company of North Carolina, Income and Expense
| 2003-06-30 (YTD Data) | Rank | |
| Total interest income | $912,000 | 7,887 |
| Total interest expense | $241,000 | 8,067 |
| Net interest income | $671,000 | 7,683 |
| Provision for loan and lease losses | $25,000 | 6,080 |
| Total noninterest income | $8,616,000 | 466 |
| Gross Fiduciary activities income | $8,253,000 | 89 |
| Service charges on deposit accounts | $3,000 | 8,063 |
| Trading account gains and fees | $0 | 150 |
| Additional Noninterest Income | $360,000 | 2,963 |
| Total noninterest expense | $9,621,000 | 849 |
| Salaries and employee benefits | $5,708,000 | 761 |
| Premises and equipment expense | $947,000 | 1,204 |
| Additional noninterest expense | $2,966,000 | 875 |
| Pre-tax net operating income | $-359,000 | 9,012 |
| Securities gains (losses) | $27,000 | 2,433 |
| Applicable income taxes | $-87,000 | 9,122 |
| Income before extraordinary items | $-245,000 | 9,036 |
| Extraordinary gains, net | $0 | 30 |
| Net income | $-245,000 | 9,035 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 6,535 |
| Cash dividends | $0 | 5,215 |
| Sale, conversion, retirement of capital stock, net | $0 | 589 |
| Net operating income | $-264,980 | 8,976 |
| 2003-03-31 (YTD Data) | Rank | |
| Total interest income | $394,000 | 8,200 |
| Total interest expense | $124,000 | 8,118 |
| Net interest income | $270,000 | 8,132 |
| Provision for loan and lease losses | $0 | 6,934 |
| Total noninterest income | $4,195,000 | 476 |
| Gross Fiduciary activities income | $3,991,000 | 91 |
| Service charges on deposit accounts | $1,000 | 8,100 |
| Trading account gains and fees | $0 | 134 |
| Additional Noninterest Income | $203,000 | 2,697 |
| Total noninterest expense | $4,795,000 | 852 |
| Salaries and employee benefits | $2,916,000 | 747 |
| Premises and equipment expense | $472,000 | 1,218 |
| Additional noninterest expense | $1,407,000 | 888 |
| Pre-tax net operating income | $-330,000 | 9,151 |
| Securities gains (losses) | $27,000 | 1,749 |
| Applicable income taxes | $-96,000 | 9,219 |
| Income before extraordinary items | $-207,000 | 9,139 |
| Extraordinary gains, net | $0 | 21 |
| Net income | $-207,000 | 9,136 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 5,539 |
| Cash dividends | $0 | 3,930 |
| Sale, conversion, retirement of capital stock, net | $0 | 419 |
| Net operating income | $-225,360 | 9,096 |
| 2002-12-31 (YTD Data) | Rank | |
| Total interest income | $1,296,000 | 8,590 |
| Total interest expense | $519,000 | 8,331 |
| Net interest income | $777,000 | 8,624 |
| Provision for loan and lease losses | $75,000 | 6,163 |
| Total noninterest income | $16,544,000 | 455 |
| Gross Fiduciary activities income | $16,219,000 | 89 |
| Service charges on deposit accounts | $5,000 | 8,133 |
| Trading account gains and fees | $0 | 153 |
| Additional Noninterest Income | $320,000 | 4,117 |
| Total noninterest expense | $21,340,000 | 749 |
| Salaries and employee benefits | $13,559,000 | 603 |
| Premises and equipment expense | $2,028,000 | 1,086 |
| Additional noninterest expense | $5,753,000 | 872 |
| Pre-tax net operating income | $-4,094,000 | 9,307 |
| Securities gains (losses) | $95,000 | 1,802 |
| Applicable income taxes | $-1,485,000 | 9,310 |
| Income before extraordinary items | $-2,514,000 | 9,298 |
| Extraordinary gains, net | $0 | 70 |
| Net income | $-2,514,000 | 9,296 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 7,632 |
| Cash dividends | $0 | 6,377 |
| Sale, conversion, retirement of capital stock, net | $0 | 862 |
| Net operating income | $-2,574,800 | 9,278 |
| 2001-12-31 (YTD Data) | Rank | |
| Total interest income | $1,933,000 | 8,287 |
| Total interest expense | $1,227,000 | 7,559 |
| Net interest income | $706,000 | 8,838 |
| Provision for loan and lease losses | $50,000 | 6,655 |
| Total noninterest income | $15,393,000 | 454 |
| Gross Fiduciary activities income | $15,148,000 | 93 |
| Service charges on deposit accounts | $1,000 | 8,372 |
| Trading account gains and fees | $0 | 177 |
| Additional Noninterest Income | $244,000 | 4,534 |
| Total noninterest expense | $22,497,000 | 695 |
| Salaries and employee benefits | $14,316,000 | 552 |
| Premises and equipment expense | $2,069,000 | 1,019 |
| Additional noninterest expense | $6,112,000 | 815 |
| Pre-tax net operating income | $-6,448,000 | 9,579 |
| Securities gains (losses) | $-2,000 | 9,092 |
| Applicable income taxes | $-1,417,000 | 9,566 |
| Income before extraordinary items | $-5,033,000 | 9,571 |
| Extraordinary gains, net | $0 | 105 |
| Net income | $-5,033,000 | 9,571 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 7,777 |
| Cash dividends | $0 | 6,617 |
| Sale, conversion, retirement of capital stock, net | $0 | 922 |
| Net operating income | $-5,031,440 | 9,562 |
| 2000-12-31 (YTD Data) | Rank | |
| Total interest income | $933,000 | 9,447 |
| Total interest expense | $768,000 | 8,713 |
| Net interest income | $165,000 | 9,803 |
| Provision for loan and lease losses | $50,000 | 6,512 |
| Total noninterest income | $15,331,000 | 443 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $0 | 8,617 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $15,331,000 | 335 |
| Total noninterest expense | $19,679,000 | 763 |
| Salaries and employee benefits | $11,102,000 | 644 |
| Premises and equipment expense | $1,802,000 | 1,109 |
| Additional noninterest expense | $6,775,000 | 758 |
| Pre-tax net operating income | $-4,233,000 | 9,864 |
| Securities gains (losses) | $0 | 1,956 |
| Applicable income taxes | $-753,000 | 9,823 |
| Income before extraordinary items | $-3,480,000 | 9,848 |
| Extraordinary gains, net | $0 | 38 |
| Net income | $-3,480,000 | 9,847 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $0 | 7,622 |
| Cash dividends | $0 | 6,853 |
| Sale, conversion, retirement of capital stock, net | $0 | 969 |
| Net operating income | $-3,480,000 | 9,850 |
* 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.