Canon National Bank
Canon City, CO — Domestic Branch of a Domestic Bank
Acquired Oct 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Canon National Bank | All Insured Commercial Banks in Colorado |
Interest and Fees on Loans | 7,086 | 6,775 |
Income from Lease Financing Receivables | 84 | 10 |
— | 38 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 20 |
Income on Loans and Leases (TE) | 7,170 | 6,816 |
Investment Interest Income (TE) | 1,283 | 1,217 |
Total Interest Income (TE) | 8,468 | 8,195 |
Total Interest Expense | 476 | 522 |
Net Interest Income (TE) | 7,992 | 7,652 |
Non-Interest Income | 1,911 | 2,250 |
Adjusted Operating Income (TE) | 9,903 | 10,462 |
Non-interest Expense | 6,838 | 7,477 |
Provision for Loan & Lease Losses | — | 132 |
Pretax Operating Income (TE) | 3,065 | 2,881 |
Pretax Net Operating Income (TE) | 3,065 | 2,952 |
Applicable Income Taxes | 1,097 | 389 |
Net Operating Income | 1,928 | 2,282 |
Net Income | 1,928 | 2,283 |
Cash Dividends Declared | 750 | 1,132 |
Retained Earnings | 1,178 | 1,088 |