Chelsea Bank
Chelsea, MA — Domestic Branch of a Domestic Bank
Acquired Mar 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Chelsea Bank | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 1,786 | 30,962 |
Income from Lease Financing Receivables | — | 25 |
— | 185 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 99 |
Income on Loans and Leases (TE) | 1,786 | 31,416 |
Investment Interest Income (TE) | 68 | 4,201 |
Total Interest Income (TE) | 1,882 | 35,856 |
Total Interest Expense | 234 | 4,075 |
Net Interest Income (TE) | 1,648 | 31,375 |
Non-Interest Income | 566 | 7,376 |
Adjusted Operating Income (TE) | 2,214 | 38,704 |
Non-interest Expense | 2,549 | 25,722 |
Provision for Loan & Lease Losses | — | 873 |
Pretax Operating Income (TE) | -335 | 11,660 |
Pretax Net Operating Income (TE) | -335 | 11,857 |
Applicable Income Taxes | -161 | 3,382 |
Net Operating Income | -174 | 7,905 |
Net Income | -174 | 7,861 |
Cash Dividends Declared | — | 2,232 |
Retained Earnings | -174 | 4,963 |