Bank Of America, Rhode Island, National Association
Providence, RI — National Bank
Acquired Apr 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Of America, Rhode Island, National Association | All Insured Commercial Banks in Rhode Island |
Interest and Fees on Loans | 102,000 | 127,865 |
Income from Lease Financing Receivables | — | 4,666 |
— | 116 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 35 |
Income on Loans and Leases (TE) | 102,000 | 132,566 |
Investment Interest Income (TE) | — | 11,637 |
Total Interest Income (TE) | 109,000 | 147,494 |
Total Interest Expense | 3,000 | 19,136 |
Net Interest Income (TE) | 106,000 | 128,358 |
Non-Interest Income | 5,000 | 57,096 |
Adjusted Operating Income (TE) | 111,000 | 185,454 |
Non-interest Expense | 24,000 | 116,401 |
Provision for Loan & Lease Losses | 12,000 | 16,760 |
Pretax Operating Income (TE) | 75,000 | 52,293 |
Pretax Net Operating Income (TE) | 75,000 | 56,061 |
Applicable Income Taxes | 28,000 | 19,726 |
Net Operating Income | 47,000 | 36,245 |
Net Income | 47,000 | 36,245 |
Cash Dividends Declared | — | 731 |
Retained Earnings | 47,000 | 35,514 |