Home > Bank of Burlington > Income and Expense
Bank of Burlington, Income and Expense
2023-12-31 (YTD Data) | Rank | |
Total interest income | $6,518,000 | 3,373 |
Total interest expense | $3,120,000 | 2,566 |
Net interest income | $3,398,000 | 3,781 |
Provision for loan and lease losses | $388,000 | 1,468 |
Total noninterest income | $40,000 | 4,440 |
Gross Fiduciary activities income | $0 | 981 |
Service charges on deposit accounts | $40,000 | 3,944 |
Trading account gains and fees | NA | NA |
Additional Noninterest Income | $0 | 4,510 |
Total noninterest expense | $5,669,000 | 2,872 |
Salaries and employee benefits | $3,766,000 | 2,619 |
Premises and equipment expense | $910,000 | 2,131 |
Additional noninterest expense | $0 | 4,510 |
Pre-tax net operating income | $-2,619,000 | 4,547 |
Securities gains (losses) | $0 | 988 |
Applicable income taxes | $0 | 3,369 |
Income before extraordinary items | $-2,619,000 | 4,524 |
Extraordinary gains, net | $0 | 54 |
Net income | $-2,619,000 | 4,523 |
Minority interest net income | $0 | 88 |
Net income of bank and minority interests. | $-2,619,000 | 4,524 |
Net charge-offs | $0 | 2,884 |
Cash dividends | $0 | 3,459 |
Sale, conversion, retirement of capital stock, net | $0 | 540 |
Net operating income | $-2,619,000 | 4,535 |
2023-09-30 (YTD Data) | Rank | |
Total interest income | $4,511,000 | 3,455 |
Total interest expense | $2,149,000 | 2,565 |
Net interest income | $2,362,000 | 3,868 |
Provision for loan and lease losses | $198,000 | 1,671 |
Total noninterest income | $28,000 | 4,467 |
Gross Fiduciary activities income | $0 | 950 |
Service charges on deposit accounts | $27,000 | 4,007 |
Trading account gains and fees | NA | NA |
Additional Noninterest Income | $1,000 | 4,488 |
Total noninterest expense | $4,217,000 | 2,867 |
Salaries and employee benefits | $2,746,000 | 2,649 |
Premises and equipment expense | $689,000 | 2,130 |
Additional noninterest expense | $1,000 | 4,524 |
Pre-tax net operating income | $-2,025,000 | 4,540 |
Securities gains (losses) | $0 | 849 |
Applicable income taxes | $0 | 3,407 |
Income before extraordinary items | $-2,025,000 | 4,563 |
Extraordinary gains, net | $0 | 52 |
Net income | $-2,025,000 | 4,561 |
Minority interest net income | $0 | 81 |
Net income of bank and minority interests. | $-2,025,000 | 4,563 |
Net charge-offs | $0 | 2,641 |
Cash dividends | $0 | 3,078 |
Sale, conversion, retirement of capital stock, net | $0 | 507 |
Net operating income | $-2,025,000 | 4,569 |
2023-06-30 (YTD Data) | Rank | |
Total interest income | $2,709,000 | 3,566 |
Total interest expense | $1,285,000 | 2,539 |
Net interest income | $1,424,000 | 3,995 |
Provision for loan and lease losses | $130,000 | 1,654 |
Total noninterest income | $17,000 | 4,505 |
Gross Fiduciary activities income | $0 | 931 |
Service charges on deposit accounts | $16,000 | 4,067 |
Trading account gains and fees | NA | NA |
Additional Noninterest Income | $1,000 | 4,550 |
Total noninterest expense | $2,803,000 | 2,877 |
Salaries and employee benefits | $1,757,000 | 2,706 |
Premises and equipment expense | $470,000 | 2,095 |
Additional noninterest expense | $1,000 | 4,553 |
Pre-tax net operating income | $-1,492,000 | 4,580 |
Securities gains (losses) | $0 | 938 |
Applicable income taxes | $0 | 3,436 |
Income before extraordinary items | $-1,492,000 | 4,602 |
Extraordinary gains, net | $0 | 51 |
Net income | $-1,492,000 | 4,600 |
Minority interest net income | $0 | 81 |
Net income of bank and minority interests. | $-1,492,000 | 4,601 |
Net charge-offs | $0 | 2,431 |
Cash dividends | $0 | 2,952 |
Sale, conversion, retirement of capital stock, net | $0 | 486 |
Net operating income | $-1,492,000 | 4,604 |
2023-03-31 (YTD Data) | Rank | |
Total interest income | $1,178,000 | 3,730 |
Total interest expense | $577,000 | 2,472 |
Net interest income | $601,000 | 4,143 |
Provision for loan and lease losses | $147,000 | 1,081 |
Total noninterest income | $6,000 | 4,590 |
Gross Fiduciary activities income | $0 | 913 |
Service charges on deposit accounts | $5,000 | 4,259 |
Trading account gains and fees | NA | NA |
Additional Noninterest Income | $1,000 | 4,554 |
Total noninterest expense | $1,367,000 | 2,934 |
Salaries and employee benefits | $934,000 | 2,646 |
Premises and equipment expense | $216,000 | 2,244 |
Additional noninterest expense | $1,000 | 4,554 |
Pre-tax net operating income | $-907,000 | 4,639 |
Securities gains (losses) | $0 | 950 |
Applicable income taxes | $0 | 3,388 |
Income before extraordinary items | $-907,000 | 4,620 |
Extraordinary gains, net | $0 | 4 |
Net income | $-907,000 | 4,619 |
Minority interest net income | $0 | 48 |
Net income of bank and minority interests. | $-907,000 | 4,620 |
Net charge-offs | $0 | 2,062 |
Cash dividends | $0 | 2,337 |
Sale, conversion, retirement of capital stock, net | $0 | 430 |
Net operating income | $-907,000 | 4,630 |
2022-12-31 (YTD Data) | Rank | |
Total interest income | $704,000 | 4,607 |
Total interest expense | $203,000 | 4,037 |
Net interest income | $501,000 | 4,629 |
Provision for loan and lease losses | $224,000 | 1,736 |
Total noninterest income | $1,000 | 4,673 |
Gross Fiduciary activities income | $0 | 1,005 |
Service charges on deposit accounts | $1,000 | 4,524 |
Trading account gains and fees | NA | NA |
Additional Noninterest Income | $0 | 4,616 |
Total noninterest expense | $1,745,000 | 4,239 |
Salaries and employee benefits | $1,102,000 | 4,113 |
Premises and equipment expense | $362,000 | 3,428 |
Additional noninterest expense | $0 | 4,616 |
Pre-tax net operating income | $-1,467,000 | 4,663 |
Securities gains (losses) | $0 | 691 |
Applicable income taxes | $-293,000 | 4,639 |
Income before extraordinary items | $-1,174,000 | 4,635 |
Extraordinary gains, net | $0 | 5 |
Net income | $-1,174,000 | 4,634 |
Minority interest net income | $0 | 63 |
Net income of bank and minority interests. | $-1,174,000 | 4,635 |
Net charge-offs | $0 | 2,620 |
Cash dividends | $0 | 3,475 |
Sale, conversion, retirement of capital stock, net | $31,094,000 | 32 |
Net operating income | $-1,174,000 | 4,643 |
2022-09-30 (YTD Data) | Rank | |
Total interest income | $158,000 | 4,702 |
Total interest expense | $2,000 | 4,683 |
Net interest income | $156,000 | 4,699 |
Provision for loan and lease losses | $76,000 | 2,062 |
Total noninterest income | $0 | 4,711 |
Gross Fiduciary activities income | $0 | 968 |
Service charges on deposit accounts | $0 | 4,582 |
Trading account gains and fees | NA | NA |
Additional Noninterest Income | $0 | 4,654 |
Total noninterest expense | $594,000 | 4,631 |
Salaries and employee benefits | $332,000 | 4,606 |
Premises and equipment expense | $151,000 | 4,038 |
Additional noninterest expense | $0 | 4,654 |
Pre-tax net operating income | $-514,000 | 4,691 |
Securities gains (losses) | $0 | 740 |
Applicable income taxes | $-149,000 | 4,667 |
Income before extraordinary items | $-365,000 | 4,646 |
Extraordinary gains, net | $0 | 4 |
Net income | $-365,000 | 4,645 |
Minority interest net income | $0 | 57 |
Net income of bank and minority interests. | $-365,000 | 4,645 |
Net charge-offs | $0 | 2,349 |
Cash dividends | $0 | 3,099 |
Sale, conversion, retirement of capital stock, net | $31,112,000 | 27 |
Net operating income | $-365,000 | 4,665 |
* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.