Chicopee Savings Bank
Chicopee, MA — Domestic Branch of a Domestic Bank
Acquired Oct 2016
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Chicopee Savings Bank | All Insured Savings Banks in Massachusetts |
| Interest and Fees on Loans | 18,501 | 16,612 |
| Income from Lease Financing Receivables | — | 0 |
| — | 8 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 3 |
| Income on Loans and Leases (TE) | 18,501 | 16,619 |
| Investment Interest Income (TE) | 1,554 | 1,776 |
| Total Interest Income (TE) | 20,262 | 18,677 |
| Total Interest Expense | 3,375 | 2,905 |
| Net Interest Income (TE) | 16,887 | 15,610 |
| Non-Interest Income | 2,270 | 3,167 |
| Adjusted Operating Income (TE) | 19,157 | 20,061 |
| Non-interest Expense | 14,564 | 14,564 |
| Provision for Loan & Lease Losses | 276 | 372 |
| Pretax Operating Income (TE) | 4,317 | 4,670 |
| Pretax Net Operating Income (TE) | 4,317 | 5,122 |
| Applicable Income Taxes | 1,574 | 1,433 |
| Net Operating Income | 2,222 | 3,386 |
| Net Income | 2,222 | 3,375 |
| Cash Dividends Declared | 3,000 | 49 |
| Retained Earnings | -778 | 3,114 |