Fidelity & Trust Bank
Bethesda, MD — Domestic Branch of a Domestic Bank
Acquired Sep 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Fidelity & Trust Bank | All Insured Commercial Banks in Maryland |
Interest and Fees on Loans | 11,685 | 10,567 |
Income from Lease Financing Receivables | — | 986 |
— | 117 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 57 |
Income on Loans and Leases (TE) | 11,685 | 10,636 |
Investment Interest Income (TE) | 2,188 | 1,666 |
Total Interest Income (TE) | 14,070 | 10,537 |
Total Interest Expense | 6,968 | 4,334 |
Net Interest Income (TE) | 7,102 | 6,203 |
Non-Interest Income | — | 2,367 |
Adjusted Operating Income (TE) | 6,846 | 7,788 |
Non-interest Expense | 8,322 | 5,935 |
Provision for Loan & Lease Losses | 756 | 1,267 |
Pretax Operating Income (TE) | — | 3,396 |
Pretax Net Operating Income (TE) | — | 3,375 |
Applicable Income Taxes | — | 1,069 |
Net Operating Income | — | 2,233 |
Net Income | — | 2,233 |
Cash Dividends Declared | — | 2,847 |
Retained Earnings | — | 1,406 |