Call reports 2018
SOMERSET TRUST COMPANY — 2018
What SOMERSET TRUST COMPANY reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,166,204,000 | 1,201,770,000 | 1,210,984,000 | 1,230,098,000 |
| Total loans | 763,342,000 | 797,719,000 | 814,061,000 | 848,505,000 |
| Allowance for loan losses | 10,920,000 | 11,070,000 | 10,598,000 | 10,975,000 |
| Securities available for sale | 302,029,000 | 304,872,000 | 284,774,000 | 266,718,000 |
| Securities held to maturity | 4,802,000 | 4,832,000 | 4,842,000 | 4,819,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 953,403,000 | 966,892,000 | 983,817,000 | 1,002,860,000 |
| Interest-bearing deposits | 778,088,000 | 778,275,000 | 774,590,000 | 793,671,000 |
| Noninterest-bearing deposits | 175,315,000 | 188,617,000 | 209,227,000 | 209,189,000 |
| Equity capital | 85,920,000 | 87,043,000 | 82,979,000 | 93,196,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 12,969,000 | 26,597,000 | 40,686,000 | 55,431,000 |
| Interest expense | 2,154,000 | 4,455,000 | 6,860,000 | 9,461,000 |
| Net interest income | 10,815,000 | 22,142,000 | 33,826,000 | 45,970,000 |
| Noninterest income | 3,151,000 | 6,448,000 | 9,695,000 | 12,721,000 |
| Noninterest expense | 11,046,000 | 22,294,000 | 34,022,000 | 46,123,000 |
| Provision for loan losses | 250,000 | 625,000 | 1,025,000 | 1,560,000 |
| Pretax income | 2,707,000 | 5,729,000 | 8,508,000 | 11,139,000 |
| Income tax | 111,000 | 284,000 | 438,000 | 310,000 |
| Net income | 2,596,000 | 5,445,000 | 8,070,000 | 10,829,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 103,373,000 | 105,364,000 | 107,137,000 | 109,038,000 |
| Total capital | 114,099,000 | 116,481,000 | 118,002,000 | 120,409,000 |
| Risk-weighted assets | 968,855,000 | 1,003,930,000 | 1,015,244,000 | 1,026,636,000 |