Call reports 2023
SOMERSET TRUST COMPANY — 2023
What SOMERSET TRUST COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,037,105,000 | 2,068,528,000 | 2,103,137,000 | 2,199,963,000 |
| Total loans | 1,282,381,000 | 1,313,971,000 | 1,365,077,000 | 1,442,231,000 |
| Allowance for loan losses | 16,108,000 | 16,328,000 | 17,175,000 | 18,772,000 |
| Securities available for sale | 612,951,000 | 598,958,000 | 567,742,000 | 599,067,000 |
| Securities held to maturity | 5,194,000 | 5,206,000 | 5,202,000 | 4,961,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,731,521,000 | 1,757,073,000 | 1,813,561,000 | 1,787,382,000 |
| Interest-bearing deposits | 1,283,481,000 | 1,304,264,000 | 1,344,621,000 | 1,365,872,000 |
| Noninterest-bearing deposits | 448,040,000 | 452,809,000 | 468,940,000 | 421,510,000 |
| Equity capital | 120,850,000 | 119,898,000 | 106,291,000 | 142,455,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 24,529,000 | 50,254,000 | 77,277,000 | 105,112,000 |
| Interest expense | 4,750,000 | 10,392,000 | 17,050,000 | 25,179,000 |
| Net interest income | 19,779,000 | 39,862,000 | 60,227,000 | 79,933,000 |
| Noninterest income | 4,144,000 | 8,427,000 | 12,967,000 | 17,448,000 |
| Noninterest expense | 14,721,000 | 30,263,000 | 46,951,000 | 66,383,000 |
| Provision for loan losses | 0 | 500,000 | 1,500,000 | 3,400,000 |
| Pretax income | 9,109,000 | 17,219,000 | 24,406,000 | 27,379,000 |
| Income tax | 1,466,000 | 2,771,000 | 3,868,000 | 4,114,000 |
| Net income | 7,643,000 | 14,448,000 | 20,538,000 | 23,265,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 162,397,000 | 168,194,000 | 173,275,000 | 174,968,000 |
| Total capital | 180,149,000 | 186,127,000 | 192,085,000 | 195,257,000 |
| Risk-weighted assets | 1,474,568,000 | 1,511,316,000 | 1,560,317,000 | 1,629,869,000 |