Central Co-Operative Bank
Somerville, MA — Domestic Branch of a Domestic Bank
Acquired Nov 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Central Co-Operative Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 15,808 | 12,064 |
Income from Lease Financing Receivables | — | 0 |
— | 0 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 0 |
Income on Loans and Leases (TE) | 15,808 | 12,069 |
Investment Interest Income (TE) | 931 | 2,180 |
Total Interest Income (TE) | 16,788 | 14,414 |
Total Interest Expense | 4,833 | 3,072 |
Net Interest Income (TE) | 11,955 | 11,345 |
Non-Interest Income | 1,588 | 2,678 |
Adjusted Operating Income (TE) | 13,543 | 14,386 |
Non-interest Expense | 12,705 | 10,761 |
Provision for Loan & Lease Losses | 650 | 502 |
Pretax Operating Income (TE) | 188 | 3,050 |
Pretax Net Operating Income (TE) | 535 | 3,548 |
Applicable Income Taxes | 93 | 991 |
Net Operating Income | 442 | 2,360 |
Net Income | 442 | 2,356 |
Cash Dividends Declared | 625 | 81 |
Retained Earnings | -183 | 1,970 |