Call reports 2002
SOMERSET TRUST COMPANY — 2002
What SOMERSET TRUST COMPANY reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 355,698,000 | 365,345,000 | 369,104,000 | 375,706,000 |
| Total loans | 240,349,000 | 240,353,000 | 245,774,000 | 239,473,000 |
| Allowance for loan losses | 3,914,000 | 4,602,000 | 4,738,000 | 4,854,000 |
| Securities available for sale | 79,035,000 | 73,717,000 | 89,720,000 | 92,071,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 264,692,000 | 272,771,000 | 275,545,000 | 279,155,000 |
| Interest-bearing deposits | 218,086,000 | 219,597,000 | 226,489,000 | 230,160,000 |
| Noninterest-bearing deposits | 46,606,000 | 53,174,000 | 49,056,000 | 48,995,000 |
| Equity capital | 28,988,000 | 30,301,000 | 31,514,000 | 32,238,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 5,612,000 | 11,349,000 | 17,078,000 | 22,764,000 |
| Interest expense | 2,853,000 | 5,642,000 | 8,337,000 | 10,821,000 |
| Net interest income | 2,759,000 | 5,707,000 | 8,741,000 | 11,943,000 |
| Noninterest income | 1,151,000 | 2,341,000 | 3,468,000 | 5,011,000 |
| Noninterest expense | 3,416,000 | 6,808,000 | 10,205,000 | 13,564,000 |
| Provision for loan losses | 223,000 | 298,000 | 498,000 | 993,000 |
| Pretax income | 349,000 | 1,209,000 | 1,773,000 | 3,002,000 |
| Income tax | -55,000 | 63,000 | 71,000 | 309,000 |
| Net income | 404,000 | 1,146,000 | 1,702,000 | 2,693,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,484,000 | 30,008,000 | 30,322,000 | 31,044,000 |
| Total capital | 32,488,000 | 33,050,000 | 33,467,000 | 34,245,000 |
| Risk-weighted assets | 239,424,000 | 241,826,000 | 250,046,000 | 254,461,000 |
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