Net Income Analysis ( % relative to Total Revenue )
Income Statement Connectone Bank All Insured Commercial Banks in New Jersey
Interest and Fees on Loans 148,111 29,100
Income from Lease Financing Receivables — 31
1,436 49
Estimated Tax Benefit from Tax-Exempt Loan Income 741 23
Income on Loans and Leases (TE) 148,852 29,223
Investment Interest Income (TE) 13,064 2,453
Total Interest Income (TE) 164,081 32,299
Total Interest Expense 27,850 4,682
Net Interest Income (TE) 136,231 27,350
Non-Interest Income 5,557 7,091
Adjusted Operating Income (TE) 141,788 36,057
Non-interest Expense 58,506 23,648
Provision for Loan & Lease Losses 38,700 876
Pretax Operating Income (TE) 44,582 10,871
Pretax Net Operating Income (TE) 48,816 10,995
Applicable Income Taxes 11,776 2,973
Net Operating Income 34,326 8,462
Net Income 34,326 8,451
Cash Dividends Declared 12,400 2,119
Retained Earnings 21,926 5,840