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Verity Bank, Income and Expense

2014-03-31 (YTD Data)Rank
Total interest income$1,697,0003,295
Total interest expense$206,0003,104
Net interest income$1,491,0003,285
Provision for loan and lease losses$-23,0006,429
Total noninterest income$63,0005,235
Gross Fiduciary activities income$01,141
Service charges on deposit accounts$18,0005,462
Trading account gains and fees$0147
Additional Noninterest Income$45,0004,685
Total noninterest expense$1,097,0003,672
Salaries and employee benefits$645,0003,471
Premises and equipment expense$95,0004,329
Additional noninterest expense$357,0003,673
Pre-tax net operating income$480,0002,976
Securities gains (losses)$01,715
Applicable income taxes$187,0001,792
Income before extraordinary items$293,0003,585
Extraordinary gains, net$016
Net income$293,0003,588
Minority interest net income$066
Net income of bank and minority interests.$293,0003,588
Net charge-offs$1,0003,492
Cash dividends$02,887
Sale, conversion, retirement of capital stock, net$80,000274
Net operating income$293,0003,539
2013-12-31 (YTD Data)Rank
Total interest income$6,902,0003,285
Total interest expense$928,0003,116
Net interest income$5,974,0003,288
Provision for loan and lease losses$157,0003,231
Total noninterest income$431,0004,636
Gross Fiduciary activities income$01,299
Service charges on deposit accounts$69,0005,686
Trading account gains and fees$0184
Additional Noninterest Income$362,0003,820
Total noninterest expense$5,134,0003,343
Salaries and employee benefits$2,974,0003,131
Premises and equipment expense$394,0004,252
Additional noninterest expense$1,766,0003,250
Pre-tax net operating income$1,114,0003,905
Securities gains (losses)$27,0002,188
Applicable income taxes$452,0002,267
Income before extraordinary items$689,0004,482
Extraordinary gains, net$029
Net income$689,0004,486
Minority interest net income$090
Net income of bank and minority interests.$689,0004,486
Net charge-offs$94,0003,807
Cash dividends$04,350
Sale, conversion, retirement of capital stock, net$329,000342
Net operating income$671,7204,443
2013-09-30 (YTD Data)Rank
Total interest income$5,179,0003,310
Total interest expense$703,0003,164
Net interest income$4,476,0003,314
Provision for loan and lease losses$29,0004,336
Total noninterest income$322,0004,707
Gross Fiduciary activities income$01,238
Service charges on deposit accounts$55,0005,681
Trading account gains and fees$0180
Additional Noninterest Income$267,0003,920
Total noninterest expense$3,636,0003,492
Salaries and employee benefits$2,278,0003,109
Premises and equipment expense$295,0004,281
Additional noninterest expense$1,063,0003,791
Pre-tax net operating income$1,133,0003,461
Securities gains (losses)$27,0002,054
Applicable income taxes$454,0002,011
Income before extraordinary items$706,0004,055
Extraordinary gains, net$025
Net income$706,0004,059
Minority interest net income$084
Net income of bank and minority interests.$706,0004,059
Net charge-offs$49,0003,878
Cash dividends$03,782
Sale, conversion, retirement of capital stock, net$248,000307
Net operating income$688,7204,015
2013-06-30 (YTD Data)Rank
Total interest income$3,434,0003,334
Total interest expense$462,0003,260
Net interest income$2,972,0003,310
Provision for loan and lease losses$-39,0006,619
Total noninterest income$166,0005,109
Gross Fiduciary activities income$01,226
Service charges on deposit accounts$41,0005,564
Trading account gains and fees$0157
Additional Noninterest Income$125,0004,462
Total noninterest expense$2,451,0003,485
Salaries and employee benefits$1,527,0003,111
Premises and equipment expense$205,0004,219
Additional noninterest expense$719,0003,757
Pre-tax net operating income$726,0003,518
Securities gains (losses)$27,0001,870
Applicable income taxes$291,0002,048
Income before extraordinary items$462,0004,075
Extraordinary gains, net$022
Net income$462,0004,078
Minority interest net income$082
Net income of bank and minority interests.$462,0004,078
Net charge-offs$04,909
Cash dividends$03,564
Sale, conversion, retirement of capital stock, net$166,000288
Net operating income$444,7204,032
2013-03-31 (YTD Data)Rank
Total interest income$1,725,0003,348
Total interest expense$232,0003,334
Net interest income$1,493,0003,308
Provision for loan and lease losses$8,0004,080
Total noninterest income$94,0004,938
Gross Fiduciary activities income$01,171
Service charges on deposit accounts$16,0005,831
Trading account gains and fees$0148
Additional Noninterest Income$78,0004,129
Total noninterest expense$1,236,0003,485
Salaries and employee benefits$782,0003,100
Premises and equipment expense$102,0004,259
Additional noninterest expense$352,0003,829
Pre-tax net operating income$343,0003,550
Securities gains (losses)$16,0001,343
Applicable income taxes$141,0002,047
Income before extraordinary items$218,0004,125
Extraordinary gains, net$010
Net income$218,0004,127
Minority interest net income$076
Net income of bank and minority interests.$218,0004,127
Net charge-offs$04,145
Cash dividends$02,726
Sale, conversion, retirement of capital stock, net$84,000263
Net operating income$207,7604,111
2012-12-31 (YTD Data)Rank
Total interest income$6,785,0003,509
Total interest expense$1,241,0003,136
Net interest income$5,544,0003,558
Provision for loan and lease losses$-37,0006,842
Total noninterest income$1,277,0002,856
Gross Fiduciary activities income$01,334
Service charges on deposit accounts$67,0005,946
Trading account gains and fees$0166
Additional Noninterest Income$1,210,0002,129
Total noninterest expense$4,729,0003,621
Salaries and employee benefits$3,130,0003,036
Premises and equipment expense$400,0004,311
Additional noninterest expense$1,199,0004,358
Pre-tax net operating income$2,129,0002,698
Securities gains (losses)$43,0002,820
Applicable income taxes$-1,465,0006,990
Income before extraordinary items$3,637,0001,571
Extraordinary gains, net$029
Net income$3,637,0001,572
Minority interest net income$093
Net income of bank and minority interests.$3,637,0001,572
Net charge-offs$05,985
Cash dividends$04,373
Sale, conversion, retirement of capital stock, net$337,000364
Net operating income$3,594,0001,505
2012-09-30 (YTD Data)Rank
Total interest income$5,048,0003,605
Total interest expense$978,0003,123
Net interest income$4,070,0003,667
Provision for loan and lease losses$-133,0007,041
Total noninterest income$923,0002,938
Gross Fiduciary activities income$01,274
Service charges on deposit accounts$41,0006,224
Trading account gains and fees$0157
Additional Noninterest Income$882,0002,156
Total noninterest expense$3,444,0003,720
Salaries and employee benefits$2,295,0003,101
Premises and equipment expense$294,0004,402
Additional noninterest expense$855,0004,518
Pre-tax net operating income$1,682,0002,676
Securities gains (losses)$27,0002,753
Applicable income taxes$04,802
Income before extraordinary items$1,709,0002,410
Extraordinary gains, net$020
Net income$1,709,0002,411
Minority interest net income$086
Net income of bank and minority interests.$1,709,0002,411
Net charge-offs$05,771
Cash dividends$03,773
Sale, conversion, retirement of capital stock, net$253,000318
Net operating income$1,682,0002,311
2012-06-30 (YTD Data)Rank
Total interest income$3,307,0003,686
Total interest expense$670,0003,149
Net interest income$2,637,0003,755
Provision for loan and lease losses$-173,0007,136
Total noninterest income$863,0002,383
Gross Fiduciary activities income$01,262
Service charges on deposit accounts$20,0006,521
Trading account gains and fees$0153
Additional Noninterest Income$843,0001,700
Total noninterest expense$2,269,0003,765
Salaries and employee benefits$1,553,0003,092
Premises and equipment expense$171,0004,748
Additional noninterest expense$545,0004,620
Pre-tax net operating income$1,404,0002,251
Securities gains (losses)$03,178
Applicable income taxes$04,770
Income before extraordinary items$1,404,0002,000
Extraordinary gains, net$019
Net income$1,404,0001,998
Minority interest net income$084
Net income of bank and minority interests.$1,404,0002,000
Net charge-offs$05,507
Cash dividends$03,576
Sale, conversion, retirement of capital stock, net$169,000290
Net operating income$1,404,0001,895
2012-03-31 (YTD Data)Rank
Total interest income$1,613,0003,789
Total interest expense$329,0003,303
Net interest income$1,284,0003,840
Provision for loan and lease losses$-271,0007,247
Total noninterest income$101,0004,920
Gross Fiduciary activities income$01,204
Service charges on deposit accounts$9,0006,588
Trading account gains and fees$0148
Additional Noninterest Income$92,0003,831
Total noninterest expense$1,071,0003,908
Salaries and employee benefits$734,0003,226
Premises and equipment expense$81,0004,903
Additional noninterest expense$256,0004,804
Pre-tax net operating income$585,0002,575
Securities gains (losses)$02,210
Applicable income taxes$04,704
Income before extraordinary items$585,0002,302
Extraordinary gains, net$019
Net income$585,0002,304
Minority interest net income$078
Net income of bank and minority interests.$585,0002,305
Net charge-offs$04,730
Cash dividends$02,768
Sale, conversion, retirement of capital stock, net$85,000240
Net operating income$585,0002,186
2011-12-31 (YTD Data)Rank
Total interest income$5,750,0004,199
Total interest expense$1,407,0003,601
Net interest income$4,343,0004,312
Provision for loan and lease losses$964,0002,472
Total noninterest income$1,188,0002,819
Gross Fiduciary activities income$01,311
Service charges on deposit accounts$33,0006,579
Trading account gains and fees$0146
Additional Noninterest Income$1,155,0001,953
Total noninterest expense$4,482,0003,817
Salaries and employee benefits$3,086,0003,049
Premises and equipment expense$326,0005,049
Additional noninterest expense$1,070,0004,745
Pre-tax net operating income$85,0005,815
Securities gains (losses)$54,0002,538
Applicable income taxes$04,719
Income before extraordinary items$139,0005,744
Extraordinary gains, net$029
Net income$139,0005,748
Minority interest net income$096
Net income of bank and minority interests.$139,0005,748
Net charge-offs$80,0005,166
Cash dividends$04,207
Sale, conversion, retirement of capital stock, net$336,000461
Net operating income$85,0005,816
2011-09-30 (YTD Data)Rank
Total interest income$4,177,0004,324
Total interest expense$1,064,0003,684
Net interest income$3,113,0004,470
Provision for loan and lease losses$343,0003,441
Total noninterest income$1,141,0002,421
Gross Fiduciary activities income$01,257
Service charges on deposit accounts$22,0006,669
Trading account gains and fees$0145
Additional Noninterest Income$1,119,0001,629
Total noninterest expense$3,387,0003,806
Salaries and employee benefits$2,346,0003,021
Premises and equipment expense$246,0005,085
Additional noninterest expense$795,0004,796
Pre-tax net operating income$524,0004,410
Securities gains (losses)$03,555
Applicable income taxes$04,740
Income before extraordinary items$524,0004,235
Extraordinary gains, net$021
Net income$524,0004,237
Minority interest net income$087
Net income of bank and minority interests.$524,0004,237
Net charge-offs$46,0005,029
Cash dividends$03,617
Sale, conversion, retirement of capital stock, net$251,000425
Net operating income$524,0004,105
2011-06-30 (YTD Data)Rank
Total interest income$2,663,0004,483
Total interest expense$702,0003,802
Net interest income$1,961,0004,637
Provision for loan and lease losses$282,0003,108
Total noninterest income$527,0003,017
Gross Fiduciary activities income$01,239
Service charges on deposit accounts$12,0006,778
Trading account gains and fees$0153
Additional Noninterest Income$515,0002,050
Total noninterest expense$2,239,0003,869
Salaries and employee benefits$1,550,0003,066
Premises and equipment expense$164,0005,129
Additional noninterest expense$525,0004,873
Pre-tax net operating income$-33,0006,289
Securities gains (losses)$02,914
Applicable income taxes$04,697
Income before extraordinary items$-33,0006,384
Extraordinary gains, net$015
Net income$-33,0006,383
Minority interest net income$089
Net income of bank and minority interests.$-33,0006,384
Net charge-offs$46,0004,519
Cash dividends$03,374
Sale, conversion, retirement of capital stock, net$167,000335
Net operating income$-33,0006,327
2011-03-31 (YTD Data)Rank
Total interest income$1,222,0004,745
Total interest expense$348,0003,931
Net interest income$874,0004,952
Provision for loan and lease losses$73,0003,818
Total noninterest income$503,0001,977
Gross Fiduciary activities income$01,199
Service charges on deposit accounts$5,0006,822
Trading account gains and fees$0158
Additional Noninterest Income$498,0001,347
Total noninterest expense$1,149,0003,815
Salaries and employee benefits$811,0002,963
Premises and equipment expense$81,0005,194
Additional noninterest expense$257,0004,941
Pre-tax net operating income$155,0004,595
Securities gains (losses)$01,772
Applicable income taxes$04,545
Income before extraordinary items$155,0004,394
Extraordinary gains, net$09
Net income$155,0004,393
Minority interest net income$086
Net income of bank and minority interests.$155,0004,394
Net charge-offs$05,107
Cash dividends$02,576
Sale, conversion, retirement of capital stock, net$84,000285
Net operating income$155,0004,329
2010-12-31 (YTD Data)Rank
Total interest income$3,841,0005,490
Total interest expense$1,540,0004,208
Net interest income$2,301,0005,959
Provision for loan and lease losses$442,0004,317
Total noninterest income$550,0004,393
Gross Fiduciary activities income$01,380
Service charges on deposit accounts$18,0006,633
Trading account gains and fees$0175
Additional Noninterest Income$532,0003,094
Total noninterest expense$3,853,0004,317
Salaries and employee benefits$2,546,0003,534
Premises and equipment expense$331,0005,212
Additional noninterest expense$976,0005,155
Pre-tax net operating income$-1,444,0006,634
Securities gains (losses)$32,0002,903
Applicable income taxes$04,655
Income before extraordinary items$-1,412,0006,722
Extraordinary gains, net$029
Net income$-1,412,0006,722
Minority interest net income$0111
Net income of bank and minority interests.$-1,412,0006,723
Net charge-offs$118,0005,283
Cash dividends$04,193
Sale, conversion, retirement of capital stock, net$325,000537
Net operating income$-1,444,0006,702
2010-09-30 (YTD Data)Rank
Total interest income$2,690,0005,764
Total interest expense$1,134,0004,387
Net interest income$1,556,0006,268
Provision for loan and lease losses$341,0004,142
Total noninterest income$213,0005,584
Gross Fiduciary activities income$01,319
Service charges on deposit accounts$13,0006,729
Trading account gains and fees$0165
Additional Noninterest Income$200,0004,180
Total noninterest expense$2,745,0004,484
Salaries and employee benefits$1,821,0003,702
Premises and equipment expense$244,0005,294
Additional noninterest expense$680,0005,342
Pre-tax net operating income$-1,317,0006,887
Securities gains (losses)$32,0002,694
Applicable income taxes$04,726
Income before extraordinary items$-1,285,0006,989
Extraordinary gains, net$023
Net income$-1,285,0006,988
Minority interest net income$0110
Net income of bank and minority interests.$-1,285,0006,989
Net charge-offs$118,0004,745
Cash dividends$03,702
Sale, conversion, retirement of capital stock, net$243,000478
Net operating income$-1,317,0006,958
2010-06-30 (YTD Data)Rank
Total interest income$1,627,0006,030
Total interest expense$742,0004,534
Net interest income$885,0006,579
Provision for loan and lease losses$175,0004,429
Total noninterest income$46,0006,918
Gross Fiduciary activities income$01,300
Service charges on deposit accounts$7,0006,815
Trading account gains and fees$0152
Additional Noninterest Income$39,0005,874
Total noninterest expense$1,813,0004,522
Salaries and employee benefits$1,213,0003,738
Premises and equipment expense$161,0005,352
Additional noninterest expense$439,0005,438
Pre-tax net operating income$-1,057,0007,031
Securities gains (losses)$03,184
Applicable income taxes$04,691
Income before extraordinary items$-1,057,0007,110
Extraordinary gains, net$019
Net income$-1,057,0007,108
Minority interest net income$0105
Net income of bank and minority interests.$-1,057,0007,110
Net charge-offs$118,0004,067
Cash dividends$03,476
Sale, conversion, retirement of capital stock, net$162,000403
Net operating income$-1,057,0007,083
2010-03-31 (YTD Data)Rank
Total interest income$751,0006,260
Total interest expense$366,0004,708
Net interest income$385,0006,878
Provision for loan and lease losses$81,0004,232
Total noninterest income$9,0007,461
Gross Fiduciary activities income$01,246
Service charges on deposit accounts$2,0006,961
Trading account gains and fees$0175
Additional Noninterest Income$7,0006,844
Total noninterest expense$907,0004,562
Salaries and employee benefits$609,0003,775
Premises and equipment expense$83,0005,367
Additional noninterest expense$215,0005,514
Pre-tax net operating income$-594,0007,234
Securities gains (losses)$02,284
Applicable income taxes$04,611
Income before extraordinary items$-594,0007,310
Extraordinary gains, net$016
Net income$-594,0007,310
Minority interest net income$091
Net income of bank and minority interests.$-594,0007,311
Net charge-offs$118,0002,959
Cash dividends$02,646
Sale, conversion, retirement of capital stock, net$81,000333
Net operating income$-594,0007,294
2009-12-31 (YTD Data)Rank
Total interest income$1,842,0007,182
Total interest expense$775,0006,532
Net interest income$1,067,0007,377
Provision for loan and lease losses$592,0004,291
Total noninterest income$269,0005,786
Gross Fiduciary activities income$01,390
Service charges on deposit accounts$5,0007,057
Trading account gains and fees$0211
Additional Noninterest Income$264,0004,188
Total noninterest expense$3,134,0005,049
Salaries and employee benefits$2,165,0004,118
Premises and equipment expense$310,0005,570
Additional noninterest expense$659,0006,268
Pre-tax net operating income$-2,390,0006,742
Securities gains (losses)$4,0003,487
Applicable income taxes$04,388
Income before extraordinary items$-2,386,0006,862
Extraordinary gains, net$034
Net income$-2,386,0006,859
Minority interest net income$0115
Net income of bank and minority interests.$-2,386,0006,860
Net charge-offs$106,0005,640
Cash dividends$04,670
Sale, conversion, retirement of capital stock, net$328,000616
Net operating income$-2,390,0006,860
2009-09-30 (YTD Data)Rank
Total interest income$1,221,0007,411
Total interest expense$459,0007,004
Net interest income$762,0007,485
Provision for loan and lease losses$352,0004,368
Total noninterest income$269,0005,395
Gross Fiduciary activities income$01,353
Service charges on deposit accounts$3,0007,130
Trading account gains and fees$0212
Additional Noninterest Income$266,0003,800
Total noninterest expense$2,324,0005,097
Salaries and employee benefits$1,606,0004,174
Premises and equipment expense$239,0005,566
Additional noninterest expense$479,0006,355
Pre-tax net operating income$-1,645,0006,927
Securities gains (losses)$03,497
Applicable income taxes$04,592
Income before extraordinary items$-1,645,0007,048
Extraordinary gains, net$027
Net income$-1,645,0007,047
Minority interest net income$0118
Net income of bank and minority interests.$-1,645,0007,048
Net charge-offs$06,987
Cash dividends$04,191
Sale, conversion, retirement of capital stock, net$242,000550
Net operating income$-1,645,0007,042
2009-06-30 (YTD Data)Rank
Total interest income$691,0007,648
Total interest expense$226,0007,446
Net interest income$465,0007,626
Provision for loan and lease losses$191,0004,388
Total noninterest income$79,0006,694
Gross Fiduciary activities income$01,340
Service charges on deposit accounts$2,0007,196
Trading account gains and fees$0193
Additional Noninterest Income$77,0005,225
Total noninterest expense$1,552,0005,145
Salaries and employee benefits$1,077,0004,207
Premises and equipment expense$169,0005,493
Additional noninterest expense$306,0006,453
Pre-tax net operating income$-1,199,0007,118
Securities gains (losses)$03,136
Applicable income taxes$04,657
Income before extraordinary items$-1,199,0007,226
Extraordinary gains, net$021
Net income$-1,199,0007,225
Minority interest net income$0112
Net income of bank and minority interests.$-1,199,0007,225
Net charge-offs$06,628
Cash dividends$03,983
Sale, conversion, retirement of capital stock, net$153,000519
Net operating income$-1,199,0007,230
2009-03-31 (YTD Data)Rank
Total interest income$270,0007,881
Total interest expense$76,0007,860
Net interest income$194,0007,814
Provision for loan and lease losses$84,0004,181
Total noninterest income$53,0006,292
Gross Fiduciary activities income$01,285
Service charges on deposit accounts$07,262
Trading account gains and fees$0171
Additional Noninterest Income$53,0004,730
Total noninterest expense$774,0005,069
Salaries and employee benefits$531,0004,267
Premises and equipment expense$88,0005,427
Additional noninterest expense$155,0006,221
Pre-tax net operating income$-611,0007,423
Securities gains (losses)$02,434
Applicable income taxes$04,835
Income before extraordinary items$-611,0007,535
Extraordinary gains, net$015
Net income$-611,0007,536
Minority interest net income$0102
Net income of bank and minority interests.$-611,0007,536
Net charge-offs$05,728
Cash dividends$03,051
Sale, conversion, retirement of capital stock, net$65,000436
Net operating income$-611,0007,515
2008-12-31 (YTD Data)Rank
Total interest income$196,0008,261
Total interest expense$40,0008,236
Net interest income$156,0008,248
Provision for loan and lease losses$67,0006,362
Total noninterest income$8,0008,040
Gross Fiduciary activities income$01,441
Service charges on deposit accounts$07,335
Trading account gains and fees$0154
Additional Noninterest Income$8,0007,741
Total noninterest expense$2,139,0006,063
Salaries and employee benefits$1,520,0005,300
Premises and equipment expense$183,0006,828
Additional noninterest expense$436,0006,901
Pre-tax net operating income$-2,042,0007,369
Securities gains (losses)$03,220
Applicable income taxes$04,979
Income before extraordinary items$-2,042,0007,399
Extraordinary gains, net$039
Net income$-2,042,0007,397
Minority interest net incomeNANA
Net income of bank and minority interests.NANA
Net charge-offs$07,039
Cash dividends$05,455
Sale, conversion, retirement of capital stock, net$19,959,00084
Net operating income$-2,042,0007,493

* 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.