Farmers Bank Of Maryland
Annapolis, MD — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Farmers Bank Of Maryland | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 36,550 | 10,632 |
Income from Lease Financing Receivables | — | 1,748 |
52 | 162 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 23 | 73 |
Income on Loans and Leases (TE) | 36,573 | 10,744 |
Investment Interest Income (TE) | 9,960 | 2,152 |
Total Interest Income (TE) | 47,837 | 13,047 |
Total Interest Expense | 7,087 | 3,377 |
Net Interest Income (TE) | 40,750 | 9,680 |
Non-Interest Income | 9,161 | 2,254 |
Adjusted Operating Income (TE) | 49,911 | 11,915 |
Non-interest Expense | 28,064 | 7,008 |
Provision for Loan & Lease Losses | — | 601 |
Pretax Operating Income (TE) | 21,857 | 7,046 |
Pretax Net Operating Income (TE) | 22,147 | 7,272 |
Applicable Income Taxes | 8,247 | 2,393 |
Net Operating Income | 13,833 | 4,781 |
Net Income | 13,833 | 4,781 |
Cash Dividends Declared | — | 5,541 |
Retained Earnings | 13,833 | 2,501 |