First City Bank
New Britain, CT — Non-member Bank
Acquired Dec 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First City Bank | All Insured Commercial Banks in Connecticut |
Interest and Fees on Loans | 4,686 | 5,178 |
Income from Lease Financing Receivables | — | 728 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 6 |
Income on Loans and Leases (TE) | 4,686 | 5,179 |
Investment Interest Income (TE) | 2,504 | 3,495 |
Total Interest Income (TE) | 7,223 | 9,032 |
Total Interest Expense | 1,860 | 2,470 |
Net Interest Income (TE) | 5,363 | 6,562 |
Non-Interest Income | 302 | 6,350 |
Adjusted Operating Income (TE) | 5,665 | 18,646 |
Non-interest Expense | 3,667 | 14,259 |
Provision for Loan & Lease Losses | 113 | 923 |
Pretax Operating Income (TE) | 1,885 | 17,820 |
Pretax Net Operating Income (TE) | 2,038 | 17,474 |
Applicable Income Taxes | 508 | 6,989 |
Net Operating Income | 1,220 | 11,285 |
Net Income | 1,220 | 11,285 |
Cash Dividends Declared | 171 | 8,684 |
Retained Earnings | 1,049 | 6,563 |