Benjamin Franklin Bank
Franklin, MA — Domestic Branch of a Domestic Bank
Acquired May 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Benjamin Franklin Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 10,043 | 4,506 |
Income from Lease Financing Receivables | — | — |
— | 385 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 199 |
Income on Loans and Leases (TE) | 10,043 | 4,512 |
Investment Interest Income (TE) | 1,678 | 1,041 |
Total Interest Income (TE) | 11,727 | 5,634 |
Total Interest Expense | 4,854 | 2,380 |
Net Interest Income (TE) | 6,873 | 3,257 |
Non-Interest Income | 1,213 | 641 |
Adjusted Operating Income (TE) | 8,086 | 3,848 |
Non-interest Expense | 8,355 | 3,073 |
Provision for Loan & Lease Losses | 2,268 | 346 |
Pretax Operating Income (TE) | — | 978 |
Pretax Net Operating Income (TE) | — | 1,019 |
Applicable Income Taxes | — | 335 |
Net Operating Income | — | 664 |
Net Income | — | 662 |
Cash Dividends Declared | 614 | 289 |
Retained Earnings | — | 650 |