Call reports 2014
SOMERSET TRUST COMPANY — 2014
What SOMERSET TRUST COMPANY reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 835,075,000 | 873,645,000 | 900,248,000 | 912,637,000 |
| Total loans | 511,164,000 | 539,050,000 | 543,059,000 | 565,620,000 |
| Allowance for loan losses | 7,520,000 | 7,311,000 | 7,130,000 | 7,131,000 |
| Securities available for sale | 245,416,000 | 256,123,000 | 272,665,000 | 263,986,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 5,796,000 | 10,055,000 | 10,255,000 | 10,395,000 |
| Total deposits | 718,046,000 | 725,665,000 | 748,526,000 | 741,039,000 |
| Interest-bearing deposits | 609,558,000 | 613,739,000 | 619,721,000 | 621,261,000 |
| Noninterest-bearing deposits | 108,488,000 | 111,926,000 | 128,805,000 | 119,778,000 |
| Equity capital | 71,624,000 | 77,134,000 | 81,294,000 | 82,694,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 9,132,000 | 18,571,000 | 28,415,000 | 38,424,000 |
| Interest expense | 1,392,000 | 2,829,000 | 4,350,000 | 5,862,000 |
| Net interest income | 7,740,000 | 15,742,000 | 24,065,000 | 32,562,000 |
| Noninterest income | 2,328,000 | 5,014,000 | 7,868,000 | 11,023,000 |
| Noninterest expense | 7,824,000 | 16,181,000 | 24,212,000 | 33,062,000 |
| Provision for loan losses | 345,000 | 345,000 | 345,000 | 585,000 |
| Pretax income | 2,547,000 | 5,182,000 | 8,500,000 | 11,621,000 |
| Income tax | 247,000 | 504,000 | 1,000,000 | 1,433,000 |
| Net income | 2,300,000 | 4,678,000 | 7,500,000 | 10,188,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,979,000 | 77,719,000 | 79,901,000 | 81,947,000 |
| Total capital | 83,646,000 | 85,401,000 | 87,380,000 | 89,319,000 |
| Risk-weighted assets | 612,958,000 | 637,262,000 | 649,685,000 | 660,846,000 |