Emigrant Bank
New York, NY — State Savings Bank
Acquired Sep 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Emigrant Bank | All Insured Savings Banks in New York |
Interest and Fees on Loans | 251,525 | 39,050 |
Income from Lease Financing Receivables | 2,397 | 0 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 1 |
Income on Loans and Leases (TE) | 253,922 | 39,115 |
Investment Interest Income (TE) | 22,376 | 3,855 |
Total Interest Income (TE) | 278,152 | 43,781 |
Total Interest Expense | 37,608 | 7,561 |
Net Interest Income (TE) | 240,544 | 36,228 |
Non-Interest Income | 64,248 | 6,784 |
Adjusted Operating Income (TE) | 304,792 | 43,792 |
Non-interest Expense | 219,388 | 29,042 |
Provision for Loan & Lease Losses | 7,983 | 563 |
Pretax Operating Income (TE) | 77,421 | 13,959 |
Pretax Net Operating Income (TE) | 64,962 | 14,008 |
Applicable Income Taxes | 24,236 | 5,088 |
Net Operating Income | 39,800 | 8,538 |
Net Income | 39,196 | 8,523 |
Cash Dividends Declared | 50,000 | 1,972 |
Retained Earnings | -10,804 | 5,990 |