Citizens Bank Of Rhode Island
Providence, RI — Non-member Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Citizens Bank Of Rhode Island | All Insured Commercial Banks in Rhode Island |
Interest and Fees on Loans | 302,498 | 76,980 |
Income from Lease Financing Receivables | — | 2,598 |
814 | 489 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 432 | 254 |
Income on Loans and Leases (TE) | 302,930 | 77,601 |
Investment Interest Income (TE) | 49,892 | 12,853 |
Total Interest Income (TE) | 373,082 | 81,363 |
Total Interest Expense | 204,533 | 44,139 |
Net Interest Income (TE) | 168,549 | 37,225 |
Non-Interest Income | 132,788 | 27,374 |
Adjusted Operating Income (TE) | 301,337 | 64,599 |
Non-interest Expense | 155,655 | 35,767 |
Provision for Loan & Lease Losses | 18,311 | 3,879 |
Pretax Operating Income (TE) | 127,371 | 30,777 |
Pretax Net Operating Income (TE) | 127,442 | 30,859 |
Applicable Income Taxes | 44,291 | 10,541 |
Net Operating Income | 82,583 | 20,055 |
Net Income | 82,583 | 20,055 |
Cash Dividends Declared | 125,000 | 46,710 |
Retained Earnings | — | 1,912 |