Bank Of Ocean City
Ocean City, MD — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Bank Of Ocean City | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 8,678 | 26,755 |
Income from Lease Financing Receivables | — | 11 |
— | 96 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 47 |
Income on Loans and Leases (TE) | 8,678 | 26,874 |
Investment Interest Income (TE) | 1,055 | 1,967 |
Total Interest Income (TE) | 10,012 | 29,482 |
Total Interest Expense | 908 | 3,317 |
Net Interest Income (TE) | 9,104 | 26,146 |
Non-Interest Income | 816 | 6,777 |
Adjusted Operating Income (TE) | 9,920 | 33,615 |
Non-interest Expense | 5,795 | 22,749 |
Provision for Loan & Lease Losses | 60 | 1,334 |
Pretax Operating Income (TE) | 4,065 | 9,401 |
Pretax Net Operating Income (TE) | 4,065 | 9,540 |
Applicable Income Taxes | 1,467 | 2,919 |
Net Operating Income | 2,591 | 6,445 |
Net Income | 2,591 | 6,445 |
Cash Dividends Declared | 541 | 2,002 |
Retained Earnings | 2,050 | 3,243 |