Call reports 2019
SOMERSET TRUST COMPANY — 2019
What SOMERSET TRUST COMPANY reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 1,266,158,000 | 1,289,757,000 | 1,310,370,000 | 1,335,090,000 |
| Total loans | 868,347,000 | 903,445,000 | 908,735,000 | 944,168,000 |
| Allowance for loan losses | 11,116,000 | 10,790,000 | 11,340,000 | 11,802,000 |
| Securities available for sale | 282,526,000 | 292,950,000 | 298,848,000 | 295,813,000 |
| Securities held to maturity | 4,840,000 | 4,861,000 | 4,882,000 | 4,858,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,024,686,000 | 1,031,459,000 | 1,045,992,000 | 1,034,521,000 |
| Interest-bearing deposits | 821,366,000 | 818,718,000 | 817,344,000 | 831,440,000 |
| Noninterest-bearing deposits | 203,320,000 | 212,741,000 | 228,648,000 | 203,081,000 |
| Equity capital | 103,984,000 | 111,413,000 | 115,852,000 | 118,337,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 14,858,000 | 30,286,000 | 45,941,000 | 61,760,000 |
| Interest expense | 2,660,000 | 5,445,000 | 8,270,000 | 11,131,000 |
| Net interest income | 12,198,000 | 24,841,000 | 37,671,000 | 50,629,000 |
| Noninterest income | 3,100,000 | 6,547,000 | 10,316,000 | 14,255,000 |
| Noninterest expense | 12,440,000 | 24,564,000 | 37,499,000 | 51,949,000 |
| Provision for loan losses | 365,000 | 1,050,000 | 1,875,000 | 2,650,000 |
| Pretax income | 2,432,000 | 5,981,000 | 9,301,000 | 12,289,000 |
| Income tax | 89,000 | 409,000 | 720,000 | 1,122,000 |
| Net income | 2,343,000 | 5,572,000 | 8,581,000 | 11,167,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 110,525,000 | 112,897,000 | 114,637,000 | 119,546,000 |
| Total capital | 121,985,000 | 123,547,000 | 126,344,000 | 131,664,000 |
| Risk-weighted assets | 1,042,158,000 | 1,087,882,000 | 1,109,912,000 | 1,139,926,000 |