Home > Valley National Bank of Cortez > Income and Expense
Valley National Bank of Cortez, Income and Expense
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $3,977,000 | 6,679 |
| Total interest expense | $1,512,000 | 7,322 |
| Net interest income | $2,465,000 | 6,109 |
| Provision for loan and lease losses | $-150,000 | 10,809 |
| Total noninterest income | $483,000 | 5,110 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $314,000 | 3,933 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $169,000 | 5,381 |
| Total noninterest expense | $2,271,000 | 5,162 |
| Salaries and employee benefits | $957,000 | 6,015 |
| Premises and equipment expense | $212,000 | 6,635 |
| Additional noninterest expense | $1,102,000 | 3,590 |
| Pre-tax net operating income | $827,000 | 6,423 |
| Securities gains (losses) | $10,000 | 2,359 |
| Applicable income taxes | $367,000 | 5,155 |
| Income before extraordinary items | $470,000 | 7,167 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $470,000 | 7,168 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-134,000 | 10,765 |
| Cash dividends | $0 | 7,871 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,030 |
| Net operating income | $463,600 | 7,162 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $3,211,000 | 7,712 |
| Total interest expense | $1,306,000 | 8,088 |
| Net interest income | $1,905,000 | 7,344 |
| Provision for loan and lease losses | $0 | 9,041 |
| Total noninterest income | $426,000 | 5,738 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $273,000 | 4,520 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $153,000 | 5,917 |
| Total noninterest expense | $1,461,000 | 7,225 |
| Salaries and employee benefits | $830,000 | 6,832 |
| Premises and equipment expense | $139,000 | 8,316 |
| Additional noninterest expense | $492,000 | 7,125 |
| Pre-tax net operating income | $870,000 | 6,200 |
| Securities gains (losses) | $0 | 4,148 |
| Applicable income taxes | $117,000 | 8,439 |
| Income before extraordinary items | $753,000 | 5,515 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $753,000 | 5,516 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-15,000 | 10,561 |
| Cash dividends | $602,000 | 3,007 |
| Sale, conversion, retirement of capital stock, net | $0 | 953 |
| Net operating income | $753,000 | 5,463 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $5,752,000 | 5,395 |
| Total interest expense | $2,006,000 | 6,452 |
| Net interest income | $3,746,000 | 4,583 |
| Provision for loan and lease losses | $-750,000 | 11,914 |
| Total noninterest income | $554,000 | 4,842 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $359,000 | 3,692 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $195,000 | 5,205 |
| Total noninterest expense | $2,629,000 | 4,780 |
| Salaries and employee benefits | $1,315,000 | 4,811 |
| Premises and equipment expense | $378,000 | 4,760 |
| Additional noninterest expense | $936,000 | 4,603 |
| Pre-tax net operating income | $2,421,000 | 2,941 |
| Securities gains (losses) | $-9,000 | 10,045 |
| Applicable income taxes | $777,000 | 2,946 |
| Income before extraordinary items | $1,635,000 | 2,999 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $1,635,000 | 2,995 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-405,000 | 11,920 |
| Cash dividends | $1,403,000 | 1,581 |
| Sale, conversion, retirement of capital stock, net | $0 | 809 |
| Net operating income | $1,641,120 | 2,961 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $4,801,000 | 5,848 |
| Total interest expense | $1,492,000 | 6,916 |
| Net interest income | $3,309,000 | 5,187 |
| Provision for loan and lease losses | $0 | 9,146 |
| Total noninterest income | $560,000 | 4,891 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $335,000 | 3,981 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $225,000 | 4,885 |
| Total noninterest expense | $2,353,000 | 5,445 |
| Salaries and employee benefits | $1,130,000 | 5,527 |
| Premises and equipment expense | $341,000 | 5,168 |
| Additional noninterest expense | $882,000 | 5,265 |
| Pre-tax net operating income | $1,516,000 | 4,375 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $524,000 | 3,917 |
| Income before extraordinary items | $992,000 | 4,578 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $992,000 | 4,579 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $-15,000 | 11,066 |
| Cash dividends | $354,000 | 4,050 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,160 |
| Net operating income | $992,000 | 4,616 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $4,337,000 | 6,485 |
| Total interest expense | $1,550,000 | 7,055 |
| Net interest income | $2,787,000 | 5,997 |
| Provision for loan and lease losses | $-250,000 | 13,077 |
| Total noninterest income | $534,000 | 5,356 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $345,000 | 3,933 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $189,000 | 5,846 |
| Total noninterest expense | $2,231,000 | 5,797 |
| Salaries and employee benefits | $1,140,000 | 5,475 |
| Premises and equipment expense | $354,000 | 5,176 |
| Additional noninterest expense | $737,000 | 6,316 |
| Pre-tax net operating income | $1,340,000 | 4,758 |
| Securities gains (losses) | $78,000 | 2,824 |
| Applicable income taxes | $479,000 | 4,340 |
| Income before extraordinary items | $939,000 | 4,929 |
| Extraordinary gains, net | $549,000 | 416 |
| Net income | $1,488,000 | 3,373 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $34,000 | 6,815 |
| Cash dividends | $354,000 | 3,962 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $887,520 | 4,930 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $4,838,000 | 6,548 |
| Total interest expense | $2,188,000 | 6,642 |
| Net interest income | $2,650,000 | 6,317 |
| Provision for loan and lease losses | $-500,000 | 13,890 |
| Total noninterest income | $528,000 | 5,433 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $352,000 | 3,886 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $176,000 | 6,108 |
| Total noninterest expense | $2,313,000 | 5,659 |
| Salaries and employee benefits | $1,046,000 | 5,796 |
| Premises and equipment expense | $349,000 | 5,384 |
| Additional noninterest expense | $918,000 | 5,427 |
| Pre-tax net operating income | $1,365,000 | 4,417 |
| Securities gains (losses) | $21,000 | 5,524 |
| Applicable income taxes | $0 | 12,680 |
| Income before extraordinary items | $1,386,000 | 3,313 |
| Extraordinary gains, net | $0 | 1,422 |
| Net income | $1,386,000 | 3,355 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $126,000 | 5,311 |
| Cash dividends | $106,000 | 6,448 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,165 |
| Net operating income | $1,365,000 | 3,117 |
* 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.