First American Bank
Artesia, NM — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First American Bank | All Insured Commercial Banks in New Mexico |
| Interest and Fees on Loans | 33,313 | 9,599 |
| Income from Lease Financing Receivables | — | 3 |
| — | 56 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 29 |
| Income on Loans and Leases (TE) | 33,313 | 9,634 |
| Investment Interest Income (TE) | 9,428 | 2,848 |
| Total Interest Income (TE) | 42,916 | 12,748 |
| Total Interest Expense | 1,518 | 719 |
| Net Interest Income (TE) | 41,398 | 12,029 |
| Non-Interest Income | 8,567 | 2,506 |
| Adjusted Operating Income (TE) | 49,965 | 14,643 |
| Non-interest Expense | 30,042 | 9,471 |
| Provision for Loan & Lease Losses | 1,880 | 373 |
| Pretax Operating Income (TE) | 18,043 | 4,279 |
| Pretax Net Operating Income (TE) | 18,048 | 4,437 |
| Applicable Income Taxes | — | 55 |
| Net Operating Income | 16,541 | 4,263 |
| Net Income | 16,541 | 4,263 |
| Cash Dividends Declared | 7,475 | 2,176 |
| Retained Earnings | 9,066 | 1,786 |