Call reports 2020
SOMERSET TRUST COMPANY — 2020
What SOMERSET TRUST COMPANY reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,398,542,000 | 1,565,548,000 | 1,596,496,000 | 1,610,627,000 |
| Total loans | 969,275,000 | 1,130,862,000 | 1,139,751,000 | 1,119,555,000 |
| Allowance for loan losses | 12,825,000 | 14,098,000 | 14,868,000 | 16,845,000 |
| Securities available for sale | 293,451,000 | 300,288,000 | 329,327,000 | 353,770,000 |
| Securities held to maturity | 4,879,000 | 4,901,000 | 4,923,000 | 4,862,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,108,589,000 | 1,276,410,000 | 1,308,072,000 | 1,328,240,000 |
| Interest-bearing deposits | 881,666,000 | 954,365,000 | 972,841,000 | 1,006,575,000 |
| Noninterest-bearing deposits | 226,923,000 | 322,045,000 | 335,231,000 | 321,665,000 |
| Equity capital | 121,583,000 | 126,388,000 | 129,020,000 | 131,654,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 15,627,000 | 31,991,000 | 48,429,000 | 65,961,000 |
| Interest expense | 2,888,000 | 5,521,000 | 8,007,000 | 10,216,000 |
| Net interest income | 12,739,000 | 26,470,000 | 40,422,000 | 55,745,000 |
| Noninterest income | 3,382,000 | 7,312,000 | 12,754,000 | 17,997,000 |
| Noninterest expense | 13,563,000 | 26,481,000 | 41,089,000 | 56,012,000 |
| Provision for loan losses | 1,130,000 | 2,480,000 | 4,347,000 | 6,563,000 |
| Pretax income | 2,729,000 | 6,124,000 | 9,210,000 | 12,804,000 |
| Income tax | 217,000 | 588,000 | 870,000 | 1,241,000 |
| Net income | 2,512,000 | 5,536,000 | 8,340,000 | 11,563,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 121,135,000 | 123,235,000 | 125,117,000 | 127,397,000 |
| Total capital | 134,275,000 | 137,646,000 | 139,846,000 | 142,332,000 |
| Risk-weighted assets | 1,186,430,000 | 1,214,077,000 | 1,177,869,000 | 1,192,505,000 |