Call reports 2015
SOMERSET TRUST COMPANY — 2015
What SOMERSET TRUST COMPANY reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 987,822,000 | 992,081,000 | 990,992,000 | 987,009,000 |
| Total loans | 585,639,000 | 602,756,000 | 602,274,000 | 646,898,000 |
| Allowance for loan losses | 7,436,000 | 7,601,000 | 7,591,000 | 9,553,000 |
| Securities available for sale | 310,753,000 | 296,948,000 | 300,639,000 | 262,150,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 10,310,000 | 10,019,000 | 10,214,000 | 10,350,000 |
| Total deposits | 768,055,000 | 769,765,000 | 803,074,000 | 790,755,000 |
| Interest-bearing deposits | 635,494,000 | 640,288,000 | 644,799,000 | 652,253,000 |
| Noninterest-bearing deposits | 132,561,000 | 129,477,000 | 158,275,000 | 138,502,000 |
| Equity capital | 85,132,000 | 80,558,000 | 85,887,000 | 86,618,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 10,137,000 | 21,010,000 | 31,918,000 | 42,922,000 |
| Interest expense | 1,506,000 | 3,128,000 | 4,764,000 | 6,398,000 |
| Net interest income | 8,631,000 | 17,882,000 | 27,154,000 | 36,524,000 |
| Noninterest income | 2,451,000 | 5,081,000 | 7,785,000 | 10,632,000 |
| Noninterest expense | 8,867,000 | 17,806,000 | 26,924,000 | 35,600,000 |
| Provision for loan losses | 665,000 | 999,000 | 1,291,000 | 3,422,000 |
| Pretax income | 1,780,000 | 4,911,000 | 7,598,000 | 9,459,000 |
| Income tax | 16,000 | 373,000 | 719,000 | 419,000 |
| Net income | 1,764,000 | 4,538,000 | 6,879,000 | 9,040,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 83,141,000 | 85,223,000 | 86,878,000 | 88,607,000 |
| Total capital | 90,835,000 | 93,063,000 | 94,728,000 | 98,395,000 |
| Risk-weighted assets | 749,801,000 | 781,417,000 | 790,958,000 | 809,248,000 |