Cascade Bank
Everett, WA — Domestic Branch of a Domestic Bank
Acquired Jun 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cascade Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 13,976 | 4,181 |
Income from Lease Financing Receivables | — | 1 |
153 | 15 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 13,976 | 4,215 |
Investment Interest Income (TE) | 1,613 | 392 |
Total Interest Income (TE) | 15,654 | 4,719 |
Total Interest Expense | 6,250 | 779 |
Net Interest Income (TE) | 9,404 | 3,905 |
Non-Interest Income | -572 | 761 |
Adjusted Operating Income (TE) | 8,832 | 4,669 |
Non-interest Expense | 8,375 | 3,432 |
Provision for Loan & Lease Losses | 2,550 | 695 |
Pretax Operating Income (TE) | -2,093 | 519 |
Pretax Net Operating Income (TE) | -2,093 | 597 |
Applicable Income Taxes | 194 | 102 |
Net Operating Income | -2,287 | 387 |
Net Income | -2,287 | 387 |
Cash Dividends Declared | — | 53 |
Retained Earnings | -2,287 | 264 |