Call reports 2011
SOMERSET TRUST COMPANY — 2011
What SOMERSET TRUST COMPANY reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 645,606,000 | 674,598,000 | 693,743,000 | 715,376,000 |
| Total loans | 355,160,000 | 364,310,000 | 370,040,000 | 396,165,000 |
| Allowance for loan losses | 5,772,000 | 5,499,000 | 5,554,000 | 5,667,000 |
| Securities available for sale | 223,439,000 | 233,096,000 | 263,095,000 | 259,819,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 572,593,000 | 593,234,000 | 602,076,000 | 603,586,000 |
| Interest-bearing deposits | 485,964,000 | 499,550,000 | 496,357,000 | 498,713,000 |
| Noninterest-bearing deposits | 86,629,000 | 93,684,000 | 105,719,000 | 104,873,000 |
| Equity capital | 47,905,000 | 54,410,000 | 60,103,000 | 59,684,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 8,071,000 | 16,163,000 | 24,424,000 | 32,952,000 |
| Interest expense | 1,467,000 | 2,952,000 | 4,431,000 | 5,958,000 |
| Net interest income | 6,604,000 | 13,211,000 | 19,993,000 | 26,994,000 |
| Noninterest income | 1,867,000 | 3,449,000 | 5,588,000 | 7,263,000 |
| Noninterest expense | 5,803,000 | 11,783,000 | 18,150,000 | 24,949,000 |
| Provision for loan losses | 390,000 | 395,000 | 795,000 | 1,100,000 |
| Pretax income | 2,627,000 | 4,546,000 | 6,767,000 | 8,643,000 |
| Income tax | 552,000 | 800,000 | 1,095,000 | 1,222,000 |
| Net income | 2,075,000 | 3,746,000 | 5,672,000 | 7,421,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,820,000 | 56,099,000 | 57,607,000 | 58,821,000 |
| Total capital | 60,290,000 | 61,604,000 | 63,390,000 | 64,787,000 |
| Risk-weighted assets | 437,152,000 | 440,191,000 | 462,577,000 | 488,607,000 |