Call reports 2013
SOMERSET TRUST COMPANY — 2013
What SOMERSET TRUST COMPANY reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 812,250,000 | 798,600,000 | 831,562,000 | 822,872,000 |
| Total loans | 446,831,000 | 458,101,000 | 477,317,000 | 489,262,000 |
| Allowance for loan losses | 7,258,000 | 7,054,000 | 7,323,000 | 7,337,000 |
| Securities available for sale | 269,650,000 | 264,681,000 | 271,629,000 | 256,359,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 5,376,000 | 5,341,000 | 5,585,000 | 5,724,000 |
| Total deposits | 695,355,000 | 690,809,000 | 682,959,000 | 678,898,000 |
| Interest-bearing deposits | 593,755,000 | 583,747,000 | 577,208,000 | 580,379,000 |
| Noninterest-bearing deposits | 101,600,000 | 107,062,000 | 105,751,000 | 98,519,000 |
| Equity capital | 72,746,000 | 62,944,000 | 65,162,000 | 65,933,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 8,941,000 | 17,814,000 | 27,172,000 | 36,617,000 |
| Interest expense | 1,377,000 | 2,730,000 | 4,080,000 | 5,441,000 |
| Net interest income | 7,564,000 | 15,084,000 | 23,092,000 | 31,176,000 |
| Noninterest income | 2,951,000 | 5,958,000 | 8,923,000 | 11,646,000 |
| Noninterest expense | 7,274,000 | 15,051,000 | 22,625,000 | 31,390,000 |
| Provision for loan losses | 330,000 | 660,000 | 1,040,000 | 1,625,000 |
| Pretax income | 3,142,000 | 6,277,000 | 9,459,000 | 11,740,000 |
| Income tax | 441,000 | 975,000 | 1,435,000 | 1,644,000 |
| Net income | 2,701,000 | 5,302,000 | 8,024,000 | 10,096,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,630,000 | 70,692,000 | 72,888,000 | 74,314,000 |
| Total capital | 75,675,000 | 77,867,000 | 80,366,000 | 81,857,000 |
| Risk-weighted assets | 562,986,000 | 573,709,000 | 597,611,000 | 603,118,000 |