Avidia Bank
Hudson, MA — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Avidia Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 49,108 | 22,507 |
Income from Lease Financing Receivables | — | 0 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 49,108 | 22,524 |
Investment Interest Income (TE) | 3,402 | 2,367 |
Total Interest Income (TE) | 52,967 | 25,271 |
Total Interest Expense | 6,146 | 3,912 |
Net Interest Income (TE) | 46,821 | 21,140 |
Non-Interest Income | 8,689 | 4,299 |
Adjusted Operating Income (TE) | 55,510 | 27,158 |
Non-interest Expense | 40,162 | 19,697 |
Provision for Loan & Lease Losses | 2,625 | 554 |
Pretax Operating Income (TE) | 12,723 | 6,325 |
Pretax Net Operating Income (TE) | 13,708 | 6,941 |
Applicable Income Taxes | 4,795 | 1,880 |
Net Operating Income | 8,805 | 4,661 |
Net Income | 8,805 | 4,648 |
Cash Dividends Declared | — | 46 |
Retained Earnings | 8,805 | 4,164 |