Net Income Analysis ( % relative to Total Revenue )
Income Statement Admirals Bank All Insured Savings Banks in Massachusetts
Interest and Fees on Loans 23,232 22,507
Income from Lease Financing Receivables — 0
— 12
Estimated Tax Benefit from Tax-Exempt Loan Income — 5
Income on Loans and Leases (TE) 23,232 22,524
Investment Interest Income (TE) — 2,367
Total Interest Income (TE) 23,702 25,271
Total Interest Expense 4,358 3,912
Net Interest Income (TE) 19,344 21,140
Non-Interest Income 5,172 4,299
Adjusted Operating Income (TE) 24,516 27,158
Non-interest Expense 30,462 19,697
Provision for Loan & Lease Losses 500 554
Pretax Operating Income (TE) -6,446 6,325
Pretax Net Operating Income (TE) -6,446 6,941
Applicable Income Taxes -703 1,880
Net Operating Income -5,743 4,661
Net Income -5,743 4,648
Cash Dividends Declared — 46
Retained Earnings -5,743 4,164