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