Commonwealth Bank
Norristown, PA — Domestic Branch of a Domestic Bank
Acquired Jan 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Commonwealth Bank | All Insured Savings Banks in Pennsylvania |
Interest and Fees on Loans | 90,084 | 15,622 |
Income from Lease Financing Receivables | — | 5,630 |
— | 1,023 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 352 |
Income on Loans and Leases (TE) | 90,084 | 15,992 |
Investment Interest Income (TE) | 18,967 | 15,262 |
Total Interest Income (TE) | 110,059 | 21,708 |
Total Interest Expense | 31,715 | 10,470 |
Net Interest Income (TE) | 78,344 | 11,240 |
Non-Interest Income | 21,442 | 6,089 |
Adjusted Operating Income (TE) | 99,786 | 13,038 |
Non-interest Expense | 68,339 | 8,026 |
Provision for Loan & Lease Losses | 6,300 | 1,728 |
Pretax Operating Income (TE) | 25,147 | 7,425 |
Pretax Net Operating Income (TE) | 25,461 | 7,959 |
Applicable Income Taxes | 7,140 | 2,189 |
Net Operating Income | 18,321 | 5,352 |
Net Income | 18,321 | 5,505 |
Cash Dividends Declared | 24,000 | 4,767 |
Retained Earnings | — | 4,688 |