Berkshire Bank
Pittsfield, MA — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Berkshire Bank | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 242,413 | 34,650 |
Income from Lease Financing Receivables | 189 | 0 |
1 | 299 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 159 |
Income on Loans and Leases (TE) | 242,603 | 35,259 |
Investment Interest Income (TE) | 37,292 | 3,997 |
Total Interest Income (TE) | 283,020 | 39,846 |
Total Interest Expense | 44,741 | 4,360 |
Net Interest Income (TE) | 238,279 | 35,029 |
Non-Interest Income | 55,201 | 8,220 |
Adjusted Operating Income (TE) | 293,480 | 43,184 |
Non-interest Expense | 191,031 | 28,480 |
Provision for Loan & Lease Losses | 17,362 | 964 |
Pretax Operating Income (TE) | 85,087 | 13,638 |
Pretax Net Operating Income (TE) | 84,512 | 13,750 |
Applicable Income Taxes | 19,844 | 3,897 |
Net Operating Income | 60,351 | 8,937 |
Net Income | 60,351 | 8,869 |
Cash Dividends Declared | 33,000 | 3,144 |
Retained Earnings | 27,351 | 5,501 |