Call reports 2007
SOMERSET TRUST COMPANY — 2007
What SOMERSET TRUST COMPANY reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 450,042,000 | 456,859,000 | 468,338,000 | 472,300,000 |
| Total loans | 276,998,000 | 284,551,000 | 288,249,000 | 298,174,000 |
| Allowance for loan losses | 5,068,000 | 4,850,000 | 4,732,000 | 4,659,000 |
| Securities available for sale | 127,456,000 | 121,092,000 | 133,266,000 | 131,577,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 375,325,000 | 370,880,000 | 380,543,000 | 380,921,000 |
| Interest-bearing deposits | 308,294,000 | 295,957,000 | 306,782,000 | 311,641,000 |
| Noninterest-bearing deposits | 67,031,000 | 74,923,000 | 73,761,000 | 69,280,000 |
| Equity capital | 38,787,000 | 36,788,000 | 38,103,000 | 39,221,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 6,901,000 | 14,266,000 | 21,873,000 | 29,385,000 |
| Interest expense | 3,150,000 | 6,375,000 | 9,681,000 | 13,077,000 |
| Net interest income | 3,751,000 | 7,891,000 | 12,192,000 | 16,308,000 |
| Noninterest income | 1,671,000 | 3,441,000 | 4,873,000 | 5,978,000 |
| Noninterest expense | 4,400,000 | 8,777,000 | 13,752,000 | 18,127,000 |
| Provision for loan losses | 120,000 | 270,000 | 270,000 | 270,000 |
| Pretax income | 908,000 | 2,291,000 | 3,049,000 | 3,905,000 |
| Income tax | 104,000 | 372,000 | 419,000 | 296,000 |
| Net income | 804,000 | 1,919,000 | 2,630,000 | 3,609,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,898,000 | 41,699,000 | 42,092,000 | 42,752,000 |
| Total capital | 44,624,000 | 45,559,000 | 46,045,000 | 46,759,000 |
| Risk-weighted assets | 296,675,000 | 307,736,000 | 315,322,000 | 319,818,000 |
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