Far West Bank
Provo, UT — Domestic Branch of a Domestic Bank
Acquired Apr 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Far West Bank | All Insured Commercial Banks in Utah |
Interest and Fees on Loans | 9,746 | 44,694 |
Income from Lease Financing Receivables | — | 2,630 |
5 | 269 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 3 | 145 |
Income on Loans and Leases (TE) | 9,749 | 44,463 |
Investment Interest Income (TE) | 367 | 7,370 |
Total Interest Income (TE) | 10,204 | 37,756 |
Total Interest Expense | 1,373 | 18,359 |
Net Interest Income (TE) | 8,831 | 16,041 |
Non-Interest Income | 2,200 | 10,884 |
Adjusted Operating Income (TE) | 11,031 | 26,443 |
Non-interest Expense | 7,553 | 7,929 |
Provision for Loan & Lease Losses | 2,005 | 3,352 |
Pretax Operating Income (TE) | 1,473 | 33,622 |
Pretax Net Operating Income (TE) | 1,473 | 33,731 |
Applicable Income Taxes | 519 | 14,511 |
Net Operating Income | 916 | 21,342 |
Net Income | 916 | 21,342 |
Cash Dividends Declared | 9,783 | 45,731 |
Retained Earnings | — | 10,710 |