Commercefirst Bank
Annapolis, MD — Domestic Branch of a Domestic Bank
Acquired Jun 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Commercefirst Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 2,999 | 4,040 |
Income from Lease Financing Receivables | — | 3 |
— | 14 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 6 |
Income on Loans and Leases (TE) | 2,999 | 4,055 |
Investment Interest Income (TE) | — | 354 |
Total Interest Income (TE) | 3,020 | 4,467 |
Total Interest Expense | 386 | 914 |
Net Interest Income (TE) | 2,634 | 3,559 |
Non-Interest Income | 205 | 1,128 |
Adjusted Operating Income (TE) | 2,839 | 4,793 |
Non-interest Expense | 1,333 | 3,447 |
Provision for Loan & Lease Losses | 575 | 664 |
Pretax Operating Income (TE) | 931 | 625 |
Pretax Net Operating Income (TE) | 931 | 633 |
Applicable Income Taxes | 369 | 200 |
Net Operating Income | 562 | 423 |
Net Income | 562 | 423 |
Cash Dividends Declared | — | 86 |
Retained Earnings | 562 | 296 |