Call reports 2022
SOMERSET TRUST COMPANY — 2022
What SOMERSET TRUST COMPANY reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,891,477,000 | 1,930,470,000 | 1,972,133,000 | 2,017,848,000 |
| Total loans | 1,124,367,000 | 1,194,227,000 | 1,262,721,000 | 1,266,638,000 |
| Allowance for loan losses | 20,755,000 | 19,820,000 | 18,860,000 | 18,722,000 |
| Securities available for sale | 526,875,000 | 601,712,000 | 565,989,000 | 604,014,000 |
| Securities held to maturity | 4,771,000 | 4,779,000 | 5,402,000 | 5,199,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,627,509,000 | 1,661,218,000 | 1,694,572,000 | 1,657,860,000 |
| Interest-bearing deposits | 1,204,901,000 | 1,231,618,000 | 1,240,233,000 | 1,218,120,000 |
| Noninterest-bearing deposits | 422,608,000 | 429,600,000 | 454,339,000 | 439,740,000 |
| Equity capital | 122,187,000 | 103,037,000 | 87,678,000 | 102,770,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 16,411,000 | 34,385,000 | 55,538,000 | 78,835,000 |
| Interest expense | 1,516,000 | 3,078,000 | 5,205,000 | 8,502,000 |
| Net interest income | 14,895,000 | 31,307,000 | 50,333,000 | 70,333,000 |
| Noninterest income | 4,380,000 | 8,677,000 | 12,917,000 | 16,674,000 |
| Noninterest expense | 14,348,000 | 28,734,000 | 44,095,000 | 59,323,000 |
| Provision for loan losses | 570,000 | 795,000 | 1,045,000 | 1,045,000 |
| Pretax income | 4,357,000 | 10,455,000 | 18,110,000 | 24,161,000 |
| Income tax | 396,000 | 1,257,000 | 2,447,000 | 3,281,000 |
| Net income | 3,961,000 | 9,198,000 | 15,663,000 | 20,880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 140,643,000 | 144,895,000 | 150,377,000 | 154,585,000 |
| Total capital | 156,794,000 | 162,337,000 | 168,603,000 | 173,051,000 |
| Risk-weighted assets | 1,287,212,000 | 1,392,693,000 | 1,457,167,000 | 1,476,774,000 |