Butler Bank
Lowell, MA — Cooperative Bank
Acquired Apr 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Butler Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 2,567 | 4,387 |
Income from Lease Financing Receivables | — | — |
— | 647 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 348 |
Income on Loans and Leases (TE) | 2,567 | 4,389 |
Investment Interest Income (TE) | 56 | 880 |
Total Interest Income (TE) | 2,632 | 5,320 |
Total Interest Expense | 1,312 | 1,669 |
Net Interest Income (TE) | 1,320 | 3,652 |
Non-Interest Income | -600 | 607 |
Adjusted Operating Income (TE) | 720 | 4,271 |
Non-interest Expense | 3,011 | 3,160 |
Provision for Loan & Lease Losses | 3,849 | 421 |
Pretax Operating Income (TE) | -6,140 | 887 |
Pretax Net Operating Income (TE) | -5,952 | 899 |
Applicable Income Taxes | — | 296 |
Net Operating Income | -5,952 | 593 |
Net Income | -5,952 | 591 |
Cash Dividends Declared | — | 204 |
Retained Earnings | -5,952 | 577 |