Abington Savings Bank
Abington, MA — Domestic Branch of a Domestic Bank
Acquired Apr 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Abington Savings Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 5,286 | 2,749 |
Income from Lease Financing Receivables | — | — |
— | — | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | — |
Income on Loans and Leases (TE) | 5,286 | 2,750 |
Investment Interest Income (TE) | 3,566 | 990 |
Total Interest Income (TE) | 8,942 | 3,813 |
Total Interest Expense | 2,657 | 1,222 |
Net Interest Income (TE) | 6,285 | 2,590 |
Non-Interest Income | 3,232 | 358 |
Adjusted Operating Income (TE) | 9,517 | 2,963 |
Non-interest Expense | 7,208 | 2,071 |
Provision for Loan & Lease Losses | — | 121 |
Pretax Operating Income (TE) | 2,309 | 916 |
Pretax Net Operating Income (TE) | 2,309 | 1,110 |
Applicable Income Taxes | 809 | 390 |
Net Operating Income | 1,488 | 756 |
Net Income | 1,488 | 756 |
Cash Dividends Declared | — | 1,788 |
Retained Earnings | 1,488 | 833 |