Commerce Bank/North
Ramsey, NJ — Domestic Branch of a Domestic Bank
Acquired Jun 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Commerce Bank/North | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 20,815 | 4,895 |
Income from Lease Financing Receivables | — | 1,241 |
419 | 94 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 145 | 42 |
Income on Loans and Leases (TE) | 20,960 | 5,058 |
Investment Interest Income (TE) | 38,177 | 1,104 |
Total Interest Income (TE) | 61,786 | 6,546 |
Total Interest Expense | 20,150 | 2,983 |
Net Interest Income (TE) | 41,636 | 3,555 |
Non-Interest Income | 11,222 | 1,094 |
Adjusted Operating Income (TE) | 52,858 | 5,037 |
Non-interest Expense | 31,889 | 3,291 |
Provision for Loan & Lease Losses | 1,500 | 391 |
Pretax Operating Income (TE) | 19,469 | 4,091 |
Pretax Net Operating Income (TE) | 19,469 | 3,955 |
Applicable Income Taxes | 6,879 | 1,185 |
Net Operating Income | 12,445 | 2,690 |
Net Income | 12,445 | 2,690 |
Cash Dividends Declared | — | 5,646 |
Retained Earnings | 12,445 | 1,310 |