Erie State Bank
Erie, IL — Domestic Branch of a Domestic Bank
Acquired Jan 2011
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Erie State Bank | All Insured Commercial Banks in Illinois |
| Interest and Fees on Loans | 725 | 7,691 |
| Income from Lease Financing Receivables | — | 4 |
| — | 31 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
| Income on Loans and Leases (TE) | 725 | 7,743 |
| Investment Interest Income (TE) | 8 | 1,476 |
| Total Interest Income (TE) | 742 | 9,455 |
| Total Interest Expense | 233 | 2,465 |
| Net Interest Income (TE) | 509 | 6,948 |
| Non-Interest Income | 45 | 1,303 |
| Adjusted Operating Income (TE) | 554 | 8,451 |
| Non-interest Expense | 501 | 5,806 |
| Provision for Loan & Lease Losses | — | 1,909 |
| Pretax Operating Income (TE) | 53 | 732 |
| Pretax Net Operating Income (TE) | 53 | 865 |
| Applicable Income Taxes | -3 | 157 |
| Net Operating Income | 56 | 658 |
| Net Income | 56 | 638 |
| Cash Dividends Declared | — | 397 |
| Retained Earnings | 56 | 142 |