First Cornerstone Bank
King Of Prussia, PA — Non-member Bank
Acquired May 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Cornerstone Bank | All Insured Commercial Banks in Pennsylvania |
Interest and Fees on Loans | 686 | 5,844 |
Income from Lease Financing Receivables | 26 | 17 |
— | 131 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 68 |
Income on Loans and Leases (TE) | 712 | 5,998 |
Investment Interest Income (TE) | 72 | 963 |
Total Interest Income (TE) | 834 | 7,061 |
Total Interest Expense | 198 | 803 |
Net Interest Income (TE) | 636 | 6,258 |
Non-Interest Income | -350 | 1,487 |
Adjusted Operating Income (TE) | 286 | 7,815 |
Non-interest Expense | 1,439 | 5,189 |
Provision for Loan & Lease Losses | — | 198 |
Pretax Operating Income (TE) | -1,153 | 2,308 |
Pretax Net Operating Income (TE) | -1,149 | 2,396 |
Applicable Income Taxes | — | 544 |
Net Operating Income | -1,149 | 1,629 |
Net Income | -1,149 | 1,629 |
Cash Dividends Declared | — | 606 |
Retained Earnings | -1,149 | 784 |