Cornerstone Bank
Stamford, CT — Domestic Branch of a Domestic Bank
Acquired Jan 2006
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Cornerstone Bank | All Insured Commercial Banks in Connecticut |
Interest and Fees on Loans | 10,636 | 43,179 |
Income from Lease Financing Receivables | — | — |
— | 21 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 12 |
Income on Loans and Leases (TE) | 10,636 | 43,294 |
Investment Interest Income (TE) | 1,467 | 4,853 |
Total Interest Income (TE) | 12,546 | 15,813 |
Total Interest Expense | 2,657 | 5,427 |
Net Interest Income (TE) | 9,889 | 10,386 |
Non-Interest Income | 1,430 | 13,817 |
Adjusted Operating Income (TE) | 11,319 | 33,060 |
Non-interest Expense | 12,131 | 25,088 |
Provision for Loan & Lease Losses | 202 | 885 |
Pretax Operating Income (TE) | — | 26,060 |
Pretax Net Operating Income (TE) | — | 26,207 |
Applicable Income Taxes | — | 11,149 |
Net Operating Income | — | 17,038 |
Net Income | — | 17,038 |
Cash Dividends Declared | 3,500 | 18,611 |
Retained Earnings | — | 5,850 |