Citizens Bank Of Connecticut
New London, CT — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Citizens Bank Of Connecticut | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 98,833 | 22,554 |
Income from Lease Financing Receivables | — | 185 |
597 | 218 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 321 | 116 |
Income on Loans and Leases (TE) | 99,154 | 22,582 |
Investment Interest Income (TE) | 30,373 | 4,159 |
Total Interest Income (TE) | 130,504 | 27,149 |
Total Interest Expense | 70,704 | 13,107 |
Net Interest Income (TE) | 59,800 | 14,048 |
Non-Interest Income | 25,118 | 3,565 |
Adjusted Operating Income (TE) | 84,918 | 17,612 |
Non-interest Expense | 33,999 | 11,633 |
Provision for Loan & Lease Losses | 4,299 | 826 |
Pretax Operating Income (TE) | 46,620 | 5,285 |
Pretax Net Operating Income (TE) | 46,612 | 4,438 |
Applicable Income Taxes | 17,203 | 1,373 |
Net Operating Income | 28,984 | 3,032 |
Net Income | 28,984 | 3,032 |
Cash Dividends Declared | 65,000 | 33,149 |
Retained Earnings | — | 2,654 |