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