First Choice Bank
Lawrenceville, NJ — Domestic Branch of a Domestic Bank
Acquired Dec 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Choice Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 18,052 | 21,456 |
Income from Lease Financing Receivables | 294 | 31 |
— | 36 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 17 |
Income on Loans and Leases (TE) | 18,346 | 21,575 |
Investment Interest Income (TE) | 8,706 | 1,995 |
Total Interest Income (TE) | 27,140 | 23,979 |
Total Interest Expense | 6,295 | 3,546 |
Net Interest Income (TE) | 20,845 | 20,273 |
Non-Interest Income | 64,914 | 6,678 |
Adjusted Operating Income (TE) | 85,759 | 28,120 |
Non-interest Expense | 70,760 | 18,863 |
Provision for Loan & Lease Losses | 1,405 | 667 |
Pretax Operating Income (TE) | 13,594 | 8,457 |
Pretax Net Operating Income (TE) | 14,921 | 8,537 |
Applicable Income Taxes | 5,091 | 2,444 |
Net Operating Income | 9,032 | 5,869 |
Net Income | 9,032 | 5,859 |
Cash Dividends Declared | 1,675 | 1,542 |
Retained Earnings | 7,357 | 4,166 |