Call reports 2010
SOMERSET TRUST COMPANY — 2010
What SOMERSET TRUST COMPANY reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 567,126,000 | 587,741,000 | 604,206,000 | 642,926,000 |
| Total loans | 339,401,000 | 351,937,000 | 351,048,000 | 361,470,000 |
| Allowance for loan losses | 5,703,000 | 5,772,000 | 5,503,000 | 5,437,000 |
| Securities available for sale | 170,959,000 | 173,591,000 | 204,315,000 | 224,906,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 497,228,000 | 511,267,000 | 522,304,000 | 570,614,000 |
| Interest-bearing deposits | 420,756,000 | 432,437,000 | 437,242,000 | 476,462,000 |
| Noninterest-bearing deposits | 76,472,000 | 78,830,000 | 85,062,000 | 94,152,000 |
| Equity capital | 46,053,000 | 48,315,000 | 51,281,000 | 44,575,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 7,062,000 | 14,249,000 | 21,808,000 | 29,693,000 |
| Interest expense | 1,808,000 | 3,527,000 | 5,120,000 | 6,622,000 |
| Net interest income | 5,254,000 | 10,722,000 | 16,688,000 | 23,071,000 |
| Noninterest income | 1,774,000 | 3,595,000 | 5,679,000 | 7,440,000 |
| Noninterest expense | 5,510,000 | 10,923,000 | 16,646,000 | 22,876,000 |
| Provision for loan losses | 300,000 | 650,000 | 1,599,000 | 1,900,000 |
| Pretax income | 1,527,000 | 3,458,000 | 5,315,000 | 6,734,000 |
| Income tax | 274,000 | 698,000 | 1,067,000 | 1,293,000 |
| Net income | 1,253,000 | 2,760,000 | 4,248,000 | 5,441,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,963,000 | 51,250,000 | 52,344,000 | 53,141,000 |
| Total capital | 55,177,000 | 56,470,000 | 57,910,000 | 58,753,000 |
| Risk-weighted assets | 416,540,000 | 416,932,000 | 445,204,000 | 454,967,000 |