Asia Bank, National Association
Flushing, NY — Domestic Branch of a Domestic Bank
Acquired Aug 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Asia Bank, National Association | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 11,243 | 20,233 |
Income from Lease Financing Receivables | — | 23 |
— | 37 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 20 |
Income on Loans and Leases (TE) | 11,243 | 20,712 |
Investment Interest Income (TE) | 51 | 3,587 |
Total Interest Income (TE) | 11,438 | 26,173 |
Total Interest Expense | 1,009 | 3,305 |
Net Interest Income (TE) | 10,429 | 22,569 |
Non-Interest Income | 560 | 7,183 |
Adjusted Operating Income (TE) | 10,989 | 32,942 |
Non-interest Expense | 8,434 | 20,300 |
Provision for Loan & Lease Losses | — | 455 |
Pretax Operating Income (TE) | 2,555 | 10,973 |
Pretax Net Operating Income (TE) | 2,555 | 11,103 |
Applicable Income Taxes | 1,135 | 3,338 |
Net Operating Income | 1,420 | 8,119 |
Net Income | 1,420 | 8,146 |
Cash Dividends Declared | — | 862 |
Retained Earnings | 1,420 | 6,227 |