Atlantic Bank
Ocean City, MD — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Atlantic Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 6,305 | 10,632 |
Income from Lease Financing Receivables | — | 1,748 |
5 | 162 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 2 | 73 |
Income on Loans and Leases (TE) | 6,307 | 10,744 |
Investment Interest Income (TE) | 1,516 | 2,152 |
Total Interest Income (TE) | 8,062 | 13,047 |
Total Interest Expense | 1,623 | 3,377 |
Net Interest Income (TE) | 6,439 | 9,680 |
Non-Interest Income | 2,090 | 2,254 |
Adjusted Operating Income (TE) | 8,529 | 11,915 |
Non-interest Expense | 7,208 | 7,008 |
Provision for Loan & Lease Losses | — | 601 |
Pretax Operating Income (TE) | 1,366 | 7,046 |
Pretax Net Operating Income (TE) | 1,366 | 7,272 |
Applicable Income Taxes | 478 | 2,393 |
Net Operating Income | 884 | 4,781 |
Net Income | 884 | 4,781 |
Cash Dividends Declared | — | 5,541 |
Retained Earnings | 884 | 2,501 |