Commerce Bank/Shore, National Association
Forked River, NJ — Domestic Branch of a Domestic Bank
Acquired Jun 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Commerce Bank/Shore, National Association | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 13,295 | 5,488 |
Income from Lease Financing Receivables | 788 | 648 |
194 | 265 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 92 | 131 |
Income on Loans and Leases (TE) | 14,175 | 5,622 |
Investment Interest Income (TE) | 19,750 | 2,562 |
Total Interest Income (TE) | 33,981 | 7,525 |
Total Interest Expense | 3,580 | 1,846 |
Net Interest Income (TE) | 30,401 | 5,672 |
Non-Interest Income | 4,810 | 1,776 |
Adjusted Operating Income (TE) | 35,211 | 8,081 |
Non-interest Expense | 11,297 | 4,540 |
Provision for Loan & Lease Losses | 1,100 | 414 |
Pretax Operating Income (TE) | 22,814 | 6,147 |
Pretax Net Operating Income (TE) | 22,110 | 6,512 |
Applicable Income Taxes | 7,788 | 2,406 |
Net Operating Income | 14,230 | 4,300 |
Net Income | 14,230 | 4,300 |
Cash Dividends Declared | — | 6,511 |
Retained Earnings | 14,230 | 2,191 |