Farmers & Mechanics Bank
Frederick, MD — Domestic Branch of a Domestic Bank
Acquired Sep 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Farmers & Mechanics Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 40,882 | 14,208 |
Income from Lease Financing Receivables | — | 1,096 |
192 | 175 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 81 | 78 |
Income on Loans and Leases (TE) | 40,963 | 14,309 |
Investment Interest Income (TE) | 9,266 | 2,751 |
Total Interest Income (TE) | 51,880 | 15,249 |
Total Interest Expense | 18,877 | 6,121 |
Net Interest Income (TE) | 33,003 | 9,079 |
Non-Interest Income | 15,841 | 2,319 |
Adjusted Operating Income (TE) | 48,844 | 11,469 |
Non-interest Expense | 27,031 | 7,382 |
Provision for Loan & Lease Losses | — | 495 |
Pretax Operating Income (TE) | 22,763 | 8,190 |
Pretax Net Operating Income (TE) | 22,841 | 8,052 |
Applicable Income Taxes | 7,745 | 2,892 |
Net Operating Income | 14,682 | 5,081 |
Net Income | 14,682 | 5,081 |
Cash Dividends Declared | 6,054 | 5,013 |
Retained Earnings | 8,628 | 2,847 |