Covest Banc, National Association
Des Plaines, IL — Domestic Branch of a Domestic Bank
Acquired Feb 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Covest Banc, National Association | All Insured Commercial Banks in Illinois |
Interest and Fees on Loans | 30,657 | 6,189 |
Income from Lease Financing Receivables | 16 | 4,468 |
— | 243 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 128 |
Income on Loans and Leases (TE) | 30,673 | 6,259 |
Investment Interest Income (TE) | 1,192 | 1,530 |
Total Interest Income (TE) | 32,383 | 8,009 |
Total Interest Expense | 11,373 | 2,523 |
Net Interest Income (TE) | 21,010 | 5,449 |
Non-Interest Income | 4,331 | 1,263 |
Adjusted Operating Income (TE) | 25,341 | 6,796 |
Non-interest Expense | 16,773 | 4,042 |
Provision for Loan & Lease Losses | 4,866 | 3,740 |
Pretax Operating Income (TE) | 3,702 | 5,198 |
Pretax Net Operating Income (TE) | 3,698 | 4,611 |
Applicable Income Taxes | 1,290 | 3,458 |
Net Operating Income | 2,335 | 3,033 |
Net Income | 2,335 | 3,058 |
Cash Dividends Declared | 2,692 | 7,252 |
Retained Earnings | — | 2,420 |