And Morgan's securities gains were $1.2 million, down from $6.3 million.
The company said latest first quarter net included net securities gains of $12,623,000, compared with $10,239,000 for year-ago period.
The difference mainly was $69 million in securities gains as the company took advantage of the surging bond market.
The latest first quarter included pretax net securities gains of $2,161,000, compared with $12,623,000 for the year-ago period.
First Bank also listed a $65 million state income tax refund and $400,000 in securities gains as pretax items.
The bank is still sitting on just under $1 billion in unrealized securities gains.
For the first three months of the year, Morgan said it realized $43.1 million in net securities gains.
A company with securities gains of a different sort is American Express.
These include items such as unrealized securities gains and losses.
The year-ago periods included securities gains of $2.9 million for the quarter and $18.8 million for the year.
