Call reports 2017
SOMERSET TRUST COMPANY — 2017
What SOMERSET TRUST COMPANY reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,084,089,000 | 1,108,395,000 | 1,137,433,000 | 1,142,231,000 |
| Total loans | 681,017,000 | 716,643,000 | 734,777,000 | 745,778,000 |
| Allowance for loan losses | 10,502,000 | 10,983,000 | 10,950,000 | 10,793,000 |
| Securities available for sale | 297,475,000 | 299,591,000 | 306,368,000 | 296,619,000 |
| Securities held to maturity | 4,756,000 | 4,775,000 | 4,795,000 | 4,777,000 |
| Trading assets | 5,635,000 | 0 | 0 | 0 |
| Total deposits | 873,247,000 | 876,107,000 | 904,220,000 | 904,245,000 |
| Interest-bearing deposits | 723,173,000 | 720,444,000 | 733,019,000 | 740,311,000 |
| Noninterest-bearing deposits | 150,074,000 | 155,663,000 | 171,201,000 | 163,934,000 |
| Equity capital | 80,307,000 | 91,127,000 | 92,743,000 | 90,970,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 11,159,000 | 23,054,000 | 35,390,000 | 48,044,000 |
| Interest expense | 1,897,000 | 3,884,000 | 5,913,000 | 8,047,000 |
| Net interest income | 9,262,000 | 19,170,000 | 29,477,000 | 39,997,000 |
| Noninterest income | 2,701,000 | 5,661,000 | 8,682,000 | 11,751,000 |
| Noninterest expense | 9,859,000 | 19,452,000 | 29,970,000 | 40,922,000 |
| Provision for loan losses | 476,000 | 1,186,000 | 1,596,000 | 2,406,000 |
| Pretax income | 1,628,000 | 4,206,000 | 6,595,000 | 8,476,000 |
| Income tax | -209,000 | -173,000 | -330,000 | 1,867,000 |
| Net income | 1,837,000 | 4,379,000 | 6,925,000 | 6,609,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 97,432,000 | 99,164,000 | 100,902,000 | 101,514,000 |
| Total capital | 107,137,000 | 109,533,000 | 111,437,000 | 111,984,000 |
| Risk-weighted assets | 903,509,000 | 928,319,000 | 935,732,000 | 946,104,000 |