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/SECOND AND FINAL ADD -- CL012 -- PROVIDENT BANCORP, INC. EARNINGS/

 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Quarterly Credit Loss Experience
 (unaudited)
 (In Thousands)
 Quarter Ended
 March Dec. Sept. June March
 1993 1992 1992 1992 1992
 Avg Net Loans$2,893,653 $2,860,905 $2,816,462 $2,758,386 $2,723,877
 Reserve for Loan Losses
 Beginning Bal $35,144 $33,364 $32,670 $34,540 $30,821
 Provision 3,000 3,500 3,499 3,057 4,607
 Acquired Res. - - - - 238
 Loans Charged Off:
 Commercial 587 991 861 1,084 478
 Real Estate:
 Const. - - - - -
 Mortgage 267 384 1,286 3,129 45
 Instalment 1,039 1,241 998 1,035 952

 Lease Fin. - - - - -
 Total Chg-Off 1,893 2,616 3,145 5,248 1,475
 Recoveries:
 Commercial 5 314 37 14 8
 Real Estate:
 Const. - - - - -
 Mortgage 2 58 43 2 -
 Instalment 313 524 260 305 341
 Lease Fin. - - - - -
 Total Recover 320 896 340 321 349
 Net Lns C/O 1,573 1,720 2,805 4,927 1,126
 Reserve for Loan Losses
 End of Per. $36,571 $35,144 $33,364 $32,670 $34,540
 Net C/O - Ln
 (pct) 0.05 0.06 0.10 0.18 0.04
 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Quarterly Nonperforming Assets
 (unaudited)
 (In Thousands)
 Quarter Ended
 Mar. Dec. Sept.
 1993 1992 1992
 Nonaccrual Loans: (A)
 Commercial & Financial $11,276 $11,289 $12,482
 Real Estate 12,859 13,190 15,507
 Other 720 782 792
 Total 24,855 25,261 28,781
 Loans 90 Days Past Due Still
 Accruing (B) 1,197 1,476 1,171
 Renegotiated Loans (C) 101 125 229
 Total Nonperforming Loans 26,153 26,862 30,181
 Other Real Estate and Equip. Owned
 Commercial 9,285 9,175 8,320
 Closed bank branches 1,033 1,111 811
 Residential 2,315 2,151 2,436
 Multifamily 184 786 783
 Land 1,854 2,113 2,183
 Total 14,671 15,336 14,533
 Total Nonperforming Assets $40,824 $42,198 $44,714
 Total Loans $2,967,586 $2,900,761 $2,905,449
 Reserve for Possible Loan Losses 36,571 35,144 33,364
 Total Assets 3,798,719 3,979,888 3,634,035
 Reserve for Possible Loan Losses as a Percent of:
 Nonperforming Loans (pct) 139.83 130.83 110.55
 Nonperforming Assets (pct) 89.58 83.28 74.62
 Total Loans (pct) 1.23 1.21 1.15
 Nonperforming Loans as a Percent of:
 Total Loans (pct) 0.88 0.93 1.04
 Nonperforming Assets as a Percent of:
 Total Loans and Other Real Estate (pct)1.37 1.45 1.53
 Total Assets (pct) 1.07 1.06 1.23
 (A) Bancorp generally does not accrue interest on loans when the payment of principal and/or interest is past due 90 days or more and the past due amount exceeds $1,000.
 (B) Loans in this category represent primarily consumer loans contractually past due 90 days or more as to interest or principal payments. These loans have not been placed on nonaccrual status.
 (C) Loan renegotiated to provide a reduction or deferral of interest or principal because of a deterioration in the financial position of the borrower.
 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Quarterly Nonperforming Assets
 (unaudited)
 (In Thousands)
 Quarter Ended
 June March
 1992 1992
 Nonaccrual Loans: (A)
 Commercial & Financial $9,435 $9,231
 Real Estate 13,109 13,143
 Other 527 352
 Total 23,071 22,726
 Loans 90 Days Past Due Still
 Accruing (B) 1,559 1,421
 Renegotiated Loans (C) 282 354
 Total Nonperforming Loans 24,912 24,501
 Other Real Estate and Equipment Owned:
 Commercial 11,685 11,846
 Closed bank branches 641 3,411
 Residential 3,846 3,641
 Multifamily 617 3,213
 Land 2,366 784
 Total 19,155 22,895
 Total Nonperforming Assets $44,067 $47,396
 Total Loans $2,808,252 $2,768,422
 Reserve for Possible Loan Losses 32,670 34,540
 Total Assets 3,685,482 3,684,455
 Reserve for Possible Loan Losses as a Percent of:
 Nonperforming Loans (pct) 131.14 140.97
 Nonperforming Assets (pct) 74.14 72.88
 Total Loans (pct) 1.16 1.25
 Nonperforming Loans as a Percent of:
 Total Loans (pct) 0.89 0.89
 Nonperforming Assets as a Percent of:
 Total Loans and Other Real Estate (pct)1.56 1.70
 Total Assets (pct) 1.20 1.29
 (A) Bancorp generally does not accrue interest on loans when the payment of principal and/or interest is past due 90 days or more and the past due amount exceeds $1,000.
 (B) Loans in this category represent primarily consumer loans contractually past due 90 days or more as to interest or principal payments. These loans have not been placed on nonaccrual status.
 (C) Loan renegotiated to provide a reduction or dererral of interest or principal because of a deterioration in the financial position of the borrower.
 Provident Bancorp, Inc. and
 Subsidiaries
 Selected Ratios - Historical vs. Pro Forma
 (unaudited) Three Months Ended
 March 31,
 1993 1992
 Historical Pro Forma Historical
 Performance Ratios:
 Return on Average Assets
 Bef Cum. Eff Of Acct Chgs. 1.30 pct 1.73 pct 1.71 pct
 Return on Average Assets 1.30 1.50 1.48
 Return on Avg. S.H. Equity
 Bef Cum. Eff Of Acct Chgs. 16.33 26.25 28.05
 Return on Avg. S.H. Equity 16.33 22.71 24.22
 Average Shareholders' Equity to
 Average Assets 7.96 6.58 6.11
 Capital Adequacy Ratios (Period End):
 Common Equity to Assets 7.08 5.57 5.09
 Shareholders' Equity to Tot.
 Assets 8.05 6.69 6.22
 Tier I Leverage Ratio 7.88 6.49 6.01
 Risk-Based Capital Ratios:
 Tier I Capital 9.22 7.79 7.20
 Total Capital 13.06 9.40 8.80
 The historical ratios are based upon the unaudited consolidated financial statements of Provident Bancorp for the three months ended March 31, 1993 and 1992. These financial statements reflect the acqusition of the mutuals which were consumated on July 24,1992 which were accounted for as poolings-of-interests.
 However, if these acqusitions were assumed to have occurred at January 1,1992, various ratios at March 31, 1992 that are disclosed as historical would be different on a pro forma basis. Net earnings would be increased, on a pro forma basis, by the amount of interest income that would have been earned on the net proceeds of approximately $18.3 million received in regard to the common stock sold in the mutual's conversion merger transactions.
 -0- 4/14/93 AB CL012
 /PRNewswire -- April 14/
 /END OF SECOND AND FINAL ADD/
 (PRBK)


CO: Provident Bancorp, Inc. ST: Ohio IN: FIN SU: ERN

BM -- CL012B -- 5824 04/14/93 15:09 EDT
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