Call reports 2008
SOMERSET TRUST COMPANY — 2008
What SOMERSET TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 487,427,000 | 498,265,000 | 491,906,000 | 500,004,000 |
| Total loans | 292,450,000 | 299,246,000 | 306,787,000 | 306,802,000 |
| Allowance for loan losses | 4,708,000 | 4,691,000 | 4,758,000 | 4,803,000 |
| Securities available for sale | 131,130,000 | 149,176,000 | 140,012,000 | 149,967,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 397,025,000 | 401,869,000 | 404,262,000 | 412,106,000 |
| Interest-bearing deposits | 324,293,000 | 324,816,000 | 325,940,000 | 333,770,000 |
| Noninterest-bearing deposits | 72,732,000 | 77,053,000 | 78,322,000 | 78,336,000 |
| Equity capital | 40,459,000 | 38,467,000 | 39,575,000 | 41,000,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 7,159,000 | 14,214,000 | 21,437,000 | 28,548,000 |
| Interest expense | 3,120,000 | 5,999,000 | 8,778,000 | 11,440,000 |
| Net interest income | 4,039,000 | 8,215,000 | 12,659,000 | 17,108,000 |
| Noninterest income | 1,713,000 | 3,468,000 | 5,363,000 | 7,744,000 |
| Noninterest expense | 4,718,000 | 9,399,000 | 14,317,000 | 19,739,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 350,000 |
| Pretax income | 1,135,000 | 2,338,000 | 3,730,000 | 5,006,000 |
| Income tax | 159,000 | 366,000 | 597,000 | 753,000 |
| Net income | 976,000 | 1,972,000 | 3,133,000 | 4,253,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,407,000 | 44,060,000 | 44,880,000 | 45,669,000 |
| Total capital | 47,494,000 | 48,244,000 | 49,153,000 | 50,058,000 |
| Risk-weighted assets | 326,239,000 | 334,080,000 | 341,197,000 | 350,562,000 |
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