Call reports 2004
SOMERSET TRUST COMPANY — 2004
What SOMERSET TRUST COMPANY reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 403,090,000 | 406,185,000 | 414,910,000 | 412,860,000 |
| Total loans | 240,083,000 | 241,672,000 | 247,631,000 | 250,811,000 |
| Allowance for loan losses | 5,228,000 | 5,218,000 | 5,163,000 | 5,193,000 |
| Securities available for sale | 121,570,000 | 119,032,000 | 127,543,000 | 120,802,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 304,217,000 | 312,060,000 | 314,289,000 | 314,275,000 |
| Interest-bearing deposits | 247,265,000 | 253,656,000 | 248,744,000 | 247,936,000 |
| Noninterest-bearing deposits | 56,952,000 | 58,404,000 | 65,545,000 | 66,339,000 |
| Equity capital | 34,446,000 | 31,957,000 | 34,489,000 | 34,992,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 5,311,000 | 10,654,000 | 16,224,000 | 21,954,000 |
| Interest expense | 2,090,000 | 4,174,000 | 6,275,000 | 8,299,000 |
| Net interest income | 3,221,000 | 6,480,000 | 9,949,000 | 13,655,000 |
| Noninterest income | 1,498,000 | 2,868,000 | 4,328,000 | 5,712,000 |
| Noninterest expense | 3,789,000 | 7,383,000 | 11,059,000 | 14,447,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 670,000 |
| Pretax income | 1,062,000 | 1,947,000 | 3,165,000 | 4,753,000 |
| Income tax | 271,000 | 492,000 | 814,000 | 1,252,000 |
| Net income | 791,000 | 1,455,000 | 2,351,000 | 3,501,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,737,000 | 34,157,000 | 34,786,000 | 35,669,000 |
| Total capital | 36,961,000 | 37,425,000 | 38,146,000 | 39,023,000 |
| Risk-weighted assets | 255,923,000 | 259,489,000 | 266,993,000 | 266,476,000 |
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