American Express Centurion Bank
Salt Lake City, UT — Non-member Bank
Acquired Apr 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | American Express Centurion Bank | All Insured Commercial Banks in Utah |
Interest and Fees on Loans | 2,320,215 | 144,231 |
Income from Lease Financing Receivables | — | 818 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 2,320,215 | 146,912 |
Investment Interest Income (TE) | 34,206 | 15,631 |
Total Interest Income (TE) | 2,411,782 | 170,509 |
Total Interest Expense | 386,607 | 9,414 |
Net Interest Income (TE) | 2,025,175 | 157,917 |
Non-Interest Income | 5,199,125 | 37,042 |
Adjusted Operating Income (TE) | 7,224,300 | 194,902 |
Non-interest Expense | 3,843,504 | 58,470 |
Provision for Loan & Lease Losses | 670,663 | 8,897 |
Pretax Operating Income (TE) | 2,710,133 | 98,475 |
Pretax Net Operating Income (TE) | 2,710,133 | 99,300 |
Applicable Income Taxes | 977,658 | 34,978 |
Net Operating Income | 1,732,475 | 63,063 |
Net Income | 1,732,475 | 63,059 |
Cash Dividends Declared | 1,612,000 | 20,004 |
Retained Earnings | 120,475 | 29,291 |