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/SECOND AND FINAL ADD -- CL003 -- PROVIDENT BANCORP, INC. EARNINGS/

 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Average Balances, Rates and Yields
 On a Fully Taxable Equivalent Basis
 (unaudited)
 (In Millions) QUARTER ENDED
 March 31, 1993 Dec. 31, 1992
 Rate Rate
 Earned/ Earned/
 Balance Paid Balance Paid
 Assets:
 Loans(Net of Unearned Income):
 Commercial and Financial $1,254 7.73 % $1,197 7.77 %
 Real Estate and Construction 1,005 9.04 1,053 9.46
 Instalment 610 8.46 588 8.87
 Lease Financing 62 8.96 58 8.59
 Total Loans 2,931 8.36 2,896 8.62
 Reserve for Loan Losses (37) (35)
 Net Loans 2,894 8.46 2,861 8.73
 Investment Securities:
 Taxable 528 6.19 450 6.93
 Tax Exempt - - - 11.46
 Total Investment Securities 528 6.19 450 6.93
 Federal Funds Sold and
 Repurchase Agreements 95 3.03 82 3.07
 Total Earning Assets 3,517 7.98 3,393 8.35
 Cash and Nonint. Bearing Dep. 124 124
 Other Assets 133 141
 Total Assets $3,774 $3,658
 Liabilities and Shareholders' Equity:
 Deposits:
 Demand Deposits $243 2.54 $233 2.46
 Savings Deposits 835 3.01 847 3.07
 Time Deposits 1,581 4.85 1,574 5.17
 Total Deposits 2,659 4.06 2,654 4.26
 Short Term Debt:
 Federal Funds Purchased and
 Repurchase Agreements 303 3.14 217 3.07
 Commercial Paper 89 3.57 85 3.51
 Short Term Notes Payable 5 2.70 5 2.87
 Total Short Term Debt 397 3.23 307 3.19
 Long Term Debt 52 8.05 40 8.15
 Total Interest Bearing Liab. 3,108 4.02 3,001 4.21
 Nonint. Bearing Deposits 301 298
 Other Liabilities 65 60
 Shareholders Equity 300 294
 Total Liab. and Equity $3,774 $3,658
 Net Interest Spread 3.96% 4.14%
 Net Interest Margin 4.42% 4.63%
 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Average Balances, Rates and Yields
 On a Fully Taxable Equivalent Basis
 (unaudited) Twelve Months Ended
 (In Millions) December 31,
 1993 1992
 Rate Rate
 Earned/ Earned/
 Balance Paid Balance Paid
 Assets:
 Loans (Net of Unearned Income):
 Commercial and Financial $1,362 7.57 % $1,151 7.89 %
 Real Estate and Construction 993 8.81 1,075 9.81
 Instalment 673 8.27 542 9.37
 Lease Financing 67 8.31 56 9.04
 Total Loans 3,095 8.14 2,824 8.93
 Reserve for Loan Losses (39) (35)
 Net Loans 3,056 8.24 2,789 9.04
 Investment Securities:
 Taxable 582 5.72 487 6.79
 Tax Exempt - 9.59 3 11.39
 Total Investment Securities 582 5.72 490 6.81
 Federal Funds Sold and
 Repurchase Agreements 67 3.07 87 3.26
 Total Earning Assets 3,705 7.75 3,366 8.56
 Cash and Nonint. Bearing Dep. 128 130
 Other Assets 121 147
 Total Assets $3,954 $3,643
 Liabilities and Shareholders' Equity:
 Deposits:
 Demand Deposits 251 2.29 240 3.32
 Savings Deposits 823 2.74 825 3.54
 Time Deposits 1,575 4.67 1,622 5.54
 Total Deposits 2,649 3.85 2,687 4.73
 Short Term Debt:
 Federal Funds Purchased and
 Repurchase Agreements 389 3.09 207 3.44
 Commercial Paper 90 3.54 86 3.92
 Short Term Notes Payable 2 2.76 12 4.96
 Total Short Term Debt 481 3.17 305 3.64
 Long Term Debt 132 5.23 45 9.32
 Total Interest Bearing Liab. 3,262 3.80 3,037 4.69
 Nonint. Bearing Deposits 315 287
 Other Liabilities 63 63
 Shareholders Equity 314 256
 Total Liab. and Equity $3,954 $3,643
 Net Interest Spread 3.95% 3.87%
 Net Interest Margin 4.41% 4.33%
 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Quarterly Credit Loss Experience
 (unaudited)
 (In Thousands)
 Quarter Ended
 Dec. Sept. June Mar. Dec.
 1993 1993 1993 1993 1992
 Avg Net Loans$3,233,870 $3,097,473 $2,996,740 $2,893,653 $2,860,905
 Reserve for Loan Losses
 Beginning Bal $38,889 $38,168 $36,571 $35,144 $33,364
 Provision 3,000 3,000 3,000 3,000 3,500
 Acquired Rese 137 600 - - -
 Loans Charged Off:
 Commercial 344 2,068 536 587 991
 Real Estate:
 Const. - - - - -
 Mortgage 284 53 250 267 384
 Instalment 1,233 1,134 1,143 1,039 1,241
 Lease Fin. - - - - -
 Total Chg-Off 1,861 3,255 1,929 1,893 2,616
 Recoveries:
 Commercial 3 1 35 5 314
 Real Estate:
 Const. - - - - -
 Mortgage 24 16 168 2 58
 Instalment 350 359 323 313 524
 Lease Fin. - - - - -
 Total Recover 377 376 526 320 896
 Net Lns C/O 1,484 2,879 1,403 1,573 1,720
 Reserve for Loan Losses
 End of Per. $40,542 $38,889 $38,168 $36,571 $35,144
 Net C/O - Ln 0.05% 0.09% 0.05% 0.05% 0.06%
 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Quarterly Nonperforming Assets
 (unaudited)
 (In Thousands)
 Quarter Ended
 Dec. Sept. June
 1993 1993 1993
 Nonaccrual Loans: (A)
 Commercial & Financial $10,740 $12,349 $11,151
 Real Estate:
 Commercial 4,415 5,415 6,459
 Residential 2,344 2,451 3,042
 6,759 7,866 9,501
 Other 276 259 278
 Total 17,775 20,474 20,930
 Renegotiated Loans (B) 408 760 340
 Total Nonperforming Loans 18,183 21,234 21,270
 Other Real Estate and Equip. Owned
 Commercial 3,679 4,291 5,001
 Closed bank branches 348 348 811
 Residential 2,140 2,985 1,896
 Multifamily 676 43 189
 Land 2,019 2,019 2,067
 Total 8,862 9,686 9,964
 Total Nonperforming Assets $27,045 $30,920 $31,234
 Loans 90 Days Past Due Still
 Accruing (C) 2,715 1,896 2,574
 Total Loans $3,389,888 $3,195,975 $3,085,719
 Reserve for Possible Loan Losses 40,542 38,889 38,168
 Total Assets 4,698,433 4,091,561 3,975,224
 Reserve for Possible Loan Losses as a Percent of:
 Nonperforming Loans 222.97% 183.14% 179.45%
 Nonperforming Assets 149.91% 125.77% 122.20%
 Total Loans 1.20% 1.22% 1.24%
 Nonperf Loans as a Pct of Tot. Lns 0.54% 0.66% 0.69%
 Nonperforming Assets as a Percent of:
 Total Loans and Other Real Estate 0.80% 0.96% 1.01%
 Total Assets 0.58% 0.76% 0.79%
 (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 renegotiated to provide a reduction or deferral
 of interest or principal because of a deterioration
 in the financial position of the borrower.
 (C) -- 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.
 Provident Bancorp, Inc. and Subsidiaries
 Consolidated Quarterly Nonperforming Assets
 (unaudited)
 (In Thousands)
 Quarter Ended
 Mar. Dec.
 1993 1992
 Nonaccrual Loans: (A)
 Commercial & Financial $11,276 $11,289
 Real Estate:
 Commercial 7,200 6,913
 Residential 5,659 6,277
 12,859 13,190
 Other 720 782
 Total 24,855 25,261
 Renegotiated Loans (B) 101 125
 Total Nonperforming Loans 24,956 25,386
 Other Real Estate and Equipment Owned:
 Commercial 9,285 9,175
 Closed bank branches 1,033 1,111
 Residential 2,315 2,151
 Multifamily 184 786
 Land 1,854 2,113
 Total 14,671 15,336
 Total Nonperforming Assets $39,627 $40,722
 Loans 90 Days Past Due Still
 Accruing (C) 1,197 1,476
 Total Loans $2,967,586 $2,900,761
 Reserve for Possible Loan Losses 36,571 35,144
 Total Assets 3,798,719 3,979,888
 Reserve for Possible Loan Losses as a Percent of:
 Nonperforming Loans 146.54% 138.44%
 Nonperforming Assets 92.29% 86.30%
 Total Loans 1.23% 1.21%
 Nonperf Loans as a Pct of Tot. Lns 0.84% 0.88%
 Nonperforming Assets as a Percent of:
 Total Loans and Other Real Estate 1.33% 1.40%
 Total Assets 1.04% 1.02%
 (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 renegotiated to provide a reduction or deferral
 of interest or principal because of a deterioration
 in the financial position of the borrower.
 (C) -- 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.
 -0- 1/13/94 AB CL003
 /PRNewswire -- Jan. 13/
 /END OF SECOND AND FINAL ADD/
 (PRBK)


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

KL -- CL003B -- 1645 01/13/94 07:46 EST
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Date:Jan 13, 1994
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