Advantage Bank
Branchburg Township, NJ — Domestic Branch of a Domestic Bank
Acquired Jan 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Advantage Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 7,427 | 29,364 |
Income from Lease Financing Receivables | — | 2,499 |
51 | 864 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 23 | 362 |
Income on Loans and Leases (TE) | 7,450 | 29,911 |
Investment Interest Income (TE) | 1,074 | 14,250 |
Total Interest Income (TE) | 8,887 | 34,570 |
Total Interest Expense | 2,984 | 11,447 |
Net Interest Income (TE) | 5,903 | 22,421 |
Non-Interest Income | 340 | 9,534 |
Adjusted Operating Income (TE) | 6,243 | 29,825 |
Non-interest Expense | 4,674 | 16,754 |
Provision for Loan & Lease Losses | 252 | 1,723 |
Pretax Operating Income (TE) | 1,317 | 27,708 |
Pretax Net Operating Income (TE) | 1,317 | 27,948 |
Applicable Income Taxes | 529 | 8,951 |
Net Operating Income | 765 | 19,054 |
Net Income | 765 | 19,054 |
Cash Dividends Declared | 128 | 26,628 |
Retained Earnings | 637 | 6,730 |