Evertrust Bank
Everett, WA — Domestic Branch of a Domestic Bank
Acquired Nov 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Evertrust Bank | All Insured Savings Banks in Washington |
Interest and Fees on Loans | 31,565 | 79,000 |
Income from Lease Financing Receivables | — | — |
54 | 527 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 29 | 250 |
Income on Loans and Leases (TE) | 31,594 | 79,036 |
Investment Interest Income (TE) | 1,719 | 7,806 |
Total Interest Income (TE) | 33,508 | 86,999 |
Total Interest Expense | 11,716 | 27,184 |
Net Interest Income (TE) | 21,792 | 59,815 |
Non-Interest Income | 3,736 | 31,894 |
Adjusted Operating Income (TE) | 25,528 | 91,710 |
Non-interest Expense | 13,091 | 63,093 |
Provision for Loan & Lease Losses | 225 | 2,236 |
Pretax Operating Income (TE) | 12,212 | 26,541 |
Pretax Net Operating Income (TE) | 12,261 | 27,379 |
Applicable Income Taxes | 4,314 | 9,381 |
Net Operating Income | 7,883 | 18,901 |
Net Income | 7,883 | 18,901 |
Cash Dividends Declared | 5,000 | 11,685 |
Retained Earnings | 2,883 | 12,652 |