Net Income Analysis ( % relative to Total Revenue )
Income Statement Avon Co-Operative Bank All Insured Commercial Banks in Massachusetts
Interest and Fees on Loans 2,506 34,650
Income from Lease Financing Receivables — 0
— 299
Estimated Tax Benefit from Tax-Exempt Loan Income — 159
Income on Loans and Leases (TE) 2,506 35,259
Investment Interest Income (TE) 486 3,997
Total Interest Income (TE) 3,035 39,846
Total Interest Expense 791 4,360
Net Interest Income (TE) 2,244 35,029
Non-Interest Income 111 8,220
Adjusted Operating Income (TE) 2,355 43,184
Non-interest Expense 2,159 28,480
Provision for Loan & Lease Losses -35 964
Pretax Operating Income (TE) 231 13,638
Pretax Net Operating Income (TE) 333 13,750
Applicable Income Taxes -23 3,897
Net Operating Income 220 8,937
Net Income 220 8,869
Cash Dividends Declared — 3,144
Retained Earnings 220 5,501