Call reports 2021
SOMERSET TRUST COMPANY — 2021
What SOMERSET TRUST COMPANY reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,752,590,000 | 1,778,390,000 | 1,856,987,000 | 1,866,665,000 |
| Total loans | 1,167,063,000 | 1,181,717,000 | 1,125,941,000 | 1,133,085,000 |
| Allowance for loan losses | 18,007,000 | 18,706,000 | 19,039,000 | 20,291,000 |
| Securities available for sale | 420,661,000 | 436,818,000 | 474,779,000 | 514,492,000 |
| Securities held to maturity | 4,997,000 | 5,017,000 | 5,040,000 | 4,812,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,479,938,000 | 1,494,223,000 | 1,570,225,000 | 1,586,918,000 |
| Interest-bearing deposits | 1,086,808,000 | 1,108,140,000 | 1,161,700,000 | 1,182,049,000 |
| Noninterest-bearing deposits | 393,130,000 | 386,083,000 | 408,525,000 | 404,869,000 |
| Equity capital | 129,311,000 | 135,487,000 | 139,351,000 | 140,651,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 16,926,000 | 34,313,000 | 53,041,000 | 69,037,000 |
| Interest expense | 1,923,000 | 3,767,000 | 5,535,000 | 7,204,000 |
| Net interest income | 15,003,000 | 30,546,000 | 47,506,000 | 61,833,000 |
| Noninterest income | 4,841,000 | 9,299,000 | 13,705,000 | 18,237,000 |
| Noninterest expense | 14,422,000 | 29,247,000 | 44,250,000 | 60,338,000 |
| Provision for loan losses | 1,281,000 | 2,145,000 | 2,830,000 | 4,142,000 |
| Pretax income | 4,141,000 | 8,456,000 | 14,134,000 | 15,593,000 |
| Income tax | 450,000 | 981,000 | 1,746,000 | 1,610,000 |
| Net income | 3,691,000 | 7,475,000 | 12,388,000 | 13,983,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 130,138,000 | 132,971,000 | 136,935,000 | 137,665,000 |
| Total capital | 145,202,000 | 148,509,000 | 152,731,000 | 153,670,000 |
| Risk-weighted assets | 1,201,877,000 | 1,239,509,000 | 1,260,130,000 | 1,275,886,000 |