Citizens Bank
Wilmington, DE — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Citizens Bank | All Insured Commercial Banks in Delaware |
Interest and Fees on Loans | 38,451 | 163,936 |
Income from Lease Financing Receivables | — | 2,179 |
661 | 320 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 356 | 149 |
Income on Loans and Leases (TE) | 38,807 | 164,315 |
Investment Interest Income (TE) | 8,574 | 33,345 |
Total Interest Income (TE) | 47,501 | 22,518 |
Total Interest Expense | 25,898 | 9,376 |
Net Interest Income (TE) | 21,603 | 13,145 |
Non-Interest Income | 10,048 | 73,666 |
Adjusted Operating Income (TE) | 31,651 | 21,472 |
Non-interest Expense | 16,396 | 9,158 |
Provision for Loan & Lease Losses | 177 | 34,572 |
Pretax Operating Income (TE) | 15,078 | 62,137 |
Pretax Net Operating Income (TE) | 15,443 | 63,723 |
Applicable Income Taxes | 5,707 | 21,501 |
Net Operating Income | 9,344 | 42,936 |
Net Income | 9,344 | 42,936 |
Cash Dividends Declared | — | 68,534 |
Retained Earnings | 9,344 | 17,046 |