1St Enterprise Bank
Los Angeles, CA — Domestic Branch of a Domestic Bank
Acquired Dec 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | 1St Enterprise Bank | All Insured Commercial Banks in California |
Interest and Fees on Loans | 16,454 | 22,625 |
Income from Lease Financing Receivables | — | 17 |
— | 16 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 8 |
Income on Loans and Leases (TE) | 16,454 | 22,775 |
Investment Interest Income (TE) | 3,347 | 2,384 |
Total Interest Income (TE) | 19,816 | 26,346 |
Total Interest Expense | 593 | 1,791 |
Net Interest Income (TE) | 19,223 | 23,863 |
Non-Interest Income | 2,806 | 4,086 |
Adjusted Operating Income (TE) | 22,029 | 32,066 |
Non-interest Expense | 14,329 | 20,018 |
Provision for Loan & Lease Losses | -693 | 234 |
Pretax Operating Income (TE) | 8,393 | 11,588 |
Pretax Net Operating Income (TE) | 8,451 | 11,568 |
Applicable Income Taxes | 3,009 | 3,931 |
Net Operating Income | 4,920 | 7,365 |
Net Income | 4,920 | 7,375 |
Cash Dividends Declared | 123 | 1,350 |
Retained Earnings | 4,797 | 4,315 |