Fidelity Co-Operative Bank
Fitchburg, MA — Cooperative Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fidelity Co-Operative Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 24,278 | 22,507 |
Income from Lease Financing Receivables | — | 0 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 24,278 | 22,524 |
Investment Interest Income (TE) | 2,575 | 2,367 |
Total Interest Income (TE) | 27,203 | 25,271 |
Total Interest Expense | 3,137 | 3,912 |
Net Interest Income (TE) | 24,066 | 21,140 |
Non-Interest Income | 4,809 | 4,299 |
Adjusted Operating Income (TE) | 28,875 | 27,158 |
Non-interest Expense | 24,123 | 19,697 |
Provision for Loan & Lease Losses | 822 | 554 |
Pretax Operating Income (TE) | 3,930 | 6,325 |
Pretax Net Operating Income (TE) | 4,465 | 6,941 |
Applicable Income Taxes | 457 | 1,880 |
Net Operating Income | 3,477 | 4,661 |
Net Income | 3,477 | 4,648 |
Cash Dividends Declared | — | 46 |
Retained Earnings | 3,477 | 4,164 |