American Savings Bank
New Britain, CT — Domestic Branch of a Domestic Bank
Acquired Feb 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | American Savings Bank | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 99,608 | 34,262 |
Income from Lease Financing Receivables | — | 1,556 |
— | 111 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 52 |
Income on Loans and Leases (TE) | 99,608 | 34,303 |
Investment Interest Income (TE) | 49,250 | 10,841 |
Total Interest Income (TE) | 150,552 | 45,653 |
Total Interest Expense | 70,080 | 17,911 |
Net Interest Income (TE) | 80,472 | 27,742 |
Non-Interest Income | 13,077 | 5,403 |
Adjusted Operating Income (TE) | 93,549 | 33,143 |
Non-interest Expense | 48,386 | 19,733 |
Provision for Loan & Lease Losses | — | 4,267 |
Pretax Operating Income (TE) | 45,163 | 12,861 |
Pretax Net Operating Income (TE) | 49,111 | 12,714 |
Applicable Income Taxes | 15,162 | 5,019 |
Net Operating Income | 32,683 | 8,452 |
Net Income | 32,683 | 8,452 |
Cash Dividends Declared | 98,000 | 24,864 |
Retained Earnings | — | 6,613 |