Call reports 2016
SOMERSET TRUST COMPANY — 2016
What SOMERSET TRUST COMPANY reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,020,352,000 | 1,044,810,000 | 1,038,902,000 | 1,067,637,000 |
| Total loans | 654,946,000 | 652,668,000 | 644,802,000 | 669,559,000 |
| Allowance for loan losses | 9,989,000 | 10,207,000 | 10,287,000 | 10,227,000 |
| Securities available for sale | 283,619,000 | 311,869,000 | 310,804,000 | 292,487,000 |
| Securities held to maturity | 0 | 0 | 0 | 4,739,000 |
| Trading assets | 10,433,000 | 10,677,000 | 10,687,000 | 10,398,000 |
| Total deposits | 808,243,000 | 827,605,000 | 839,942,000 | 857,655,000 |
| Interest-bearing deposits | 667,963,000 | 680,325,000 | 685,237,000 | 707,141,000 |
| Noninterest-bearing deposits | 140,280,000 | 147,280,000 | 154,705,000 | 150,514,000 |
| Equity capital | 87,833,000 | 97,213,000 | 95,503,000 | 76,590,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 10,965,000 | 22,140,000 | 33,133,000 | 44,690,000 |
| Interest expense | 1,675,000 | 3,366,000 | 5,076,000 | 6,903,000 |
| Net interest income | 9,290,000 | 18,774,000 | 28,057,000 | 37,787,000 |
| Noninterest income | 2,620,000 | 5,522,000 | 8,226,000 | 10,892,000 |
| Noninterest expense | 9,797,000 | 19,472,000 | 29,204,000 | 38,584,000 |
| Provision for loan losses | 750,000 | 1,300,000 | 1,860,000 | 3,060,000 |
| Pretax income | 2,414,000 | 5,156,000 | 8,970,000 | 10,802,000 |
| Income tax | 48,000 | 227,000 | 837,000 | 695,000 |
| Net income | 2,366,000 | 4,929,000 | 8,133,000 | 10,107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 90,233,000 | 92,060,000 | 94,481,000 | 96,382,000 |
| Total capital | 100,502,000 | 102,536,000 | 104,593,000 | 106,955,000 |
| Risk-weighted assets | 837,801,000 | 841,068,000 | 851,115,000 | 897,323,000 |