Call reports 2005
SOMERSET TRUST COMPANY — 2005
What SOMERSET TRUST COMPANY reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 406,880,000 | 422,898,000 | 424,747,000 | 427,895,000 |
| Total loans | 251,273,000 | 250,796,000 | 253,107,000 | 255,905,000 |
| Allowance for loan losses | 5,482,000 | 6,659,000 | 5,630,000 | 5,402,000 |
| Securities available for sale | 117,789,000 | 132,910,000 | 131,009,000 | 130,977,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 316,966,000 | 328,969,000 | 335,142,000 | 343,088,000 |
| Interest-bearing deposits | 255,181,000 | 261,510,000 | 264,069,000 | 270,665,000 |
| Noninterest-bearing deposits | 61,785,000 | 67,459,000 | 71,073,000 | 72,423,000 |
| Equity capital | 33,761,000 | 35,389,000 | 35,312,000 | 35,370,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 5,640,000 | 11,519,000 | 17,587,000 | 23,864,000 |
| Interest expense | 2,009,000 | 4,098,000 | 6,366,000 | 8,725,000 |
| Net interest income | 3,631,000 | 7,421,000 | 11,221,000 | 15,139,000 |
| Noninterest income | 1,390,000 | 2,337,000 | 3,803,000 | 5,209,000 |
| Noninterest expense | 3,731,000 | 7,192,000 | 10,868,000 | 14,670,000 |
| Provision for loan losses | 480,000 | 1,758,000 | 2,068,000 | 2,293,000 |
| Pretax income | 822,000 | 821,000 | 2,092,000 | 3,419,000 |
| Income tax | 175,000 | 68,000 | 360,000 | 662,000 |
| Net income | 647,000 | 753,000 | 1,732,000 | 2,757,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,052,000 | 35,892,000 | 36,606,000 | 37,358,000 |
| Total capital | 39,387,000 | 39,265,000 | 40,021,000 | 40,836,000 |
| Risk-weighted assets | 264,630,000 | 266,556,000 | 270,976,000 | 276,351,000 |
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