Advantage Bank
Cambridge, OH — Domestic Branch of a Domestic Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Advantage Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 27,525 | 10,380 |
Income from Lease Financing Receivables | — | 2 |
— | 62 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 31 |
Income on Loans and Leases (TE) | 27,525 | 10,433 |
Investment Interest Income (TE) | 662 | 2,070 |
Total Interest Income (TE) | 28,668 | 12,651 |
Total Interest Expense | 5,411 | 1,490 |
Net Interest Income (TE) | 23,257 | 11,047 |
Non-Interest Income | 5,353 | 3,079 |
Adjusted Operating Income (TE) | 28,610 | 14,115 |
Non-interest Expense | 26,127 | 9,378 |
Provision for Loan & Lease Losses | -1,109 | 361 |
Pretax Operating Income (TE) | 3,592 | 4,142 |
Pretax Net Operating Income (TE) | 3,645 | 4,243 |
Applicable Income Taxes | -4,693 | 972 |
Net Operating Income | 8,338 | 2,982 |
Net Income | 8,338 | 2,976 |
Cash Dividends Declared | — | 1,332 |
Retained Earnings | 8,338 | 1,231 |