Direct Merchants Credit Card Bank, National Association
Scottsdale, AZ — National Bank
Acquired Dec 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Direct Merchants Credit Card Bank, National Association | All Insured Commercial Banks in Arizona |
Interest and Fees on Loans | 5,514 | 11,496 |
Income from Lease Financing Receivables | — | 78 |
— | 111 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 72 |
Income on Loans and Leases (TE) | 5,514 | 11,510 |
Investment Interest Income (TE) | 3,200 | 1,193 |
Total Interest Income (TE) | 9,521 | 10,320 |
Total Interest Expense | 56 | 2,756 |
Net Interest Income (TE) | 9,465 | 9,415 |
Non-Interest Income | 171,261 | 4,340 |
Adjusted Operating Income (TE) | 180,726 | 16,903 |
Non-interest Expense | 127,447 | 8,406 |
Provision for Loan & Lease Losses | — | 691 |
Pretax Operating Income (TE) | 58,335 | 7,136 |
Pretax Net Operating Income (TE) | 58,335 | 7,138 |
Applicable Income Taxes | 22,983 | 3,108 |
Net Operating Income | 35,352 | 4,653 |
Net Income | 35,352 | 4,653 |
Cash Dividends Declared | 171,000 | 14,117 |
Retained Earnings | — | 2,855 |