F&M Bank
Spokane Valley, WA — Domestic Branch of a Domestic Bank
Acquired May 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | F&M Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 7,362 | 5,592 |
Income from Lease Financing Receivables | — | 375 |
8 | 88 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 2 | 46 |
Income on Loans and Leases (TE) | 7,364 | 5,613 |
Investment Interest Income (TE) | 135 | 922 |
Total Interest Income (TE) | 7,512 | 6,264 |
Total Interest Expense | 3,196 | 2,459 |
Net Interest Income (TE) | 4,316 | 3,805 |
Non-Interest Income | 835 | 666 |
Adjusted Operating Income (TE) | 5,151 | 4,425 |
Non-interest Expense | 3,833 | 2,713 |
Provision for Loan & Lease Losses | 175 | 240 |
Pretax Operating Income (TE) | 1,143 | 3,221 |
Pretax Net Operating Income (TE) | 1,143 | 3,236 |
Applicable Income Taxes | 351 | 1,301 |
Net Operating Income | 778 | 2,193 |
Net Income | 778 | 2,193 |
Cash Dividends Declared | — | 2,724 |
Retained Earnings | 778 | 1,373 |