Net Income Analysis ( % relative to Total Revenue )
Income Statement First Essex Bank All Insured Savings Banks in Massachusetts
Interest and Fees on Loans 79,875 11,643
Income from Lease Financing Receivables — —
403 1,134
Estimated Tax Benefit from Tax-Exempt Loan Income 140 562
Income on Loans and Leases (TE) 80,015 11,647
Investment Interest Income (TE) 17,322 4,047
Total Interest Income (TE) 99,192 15,991
Total Interest Expense 30,724 5,693
Net Interest Income (TE) 68,468 10,293
Non-Interest Income 9,987 1,723
Adjusted Operating Income (TE) 78,455 12,111
Non-interest Expense 38,721 8,164
Provision for Loan & Lease Losses 8,832 561
Pretax Operating Income (TE) 30,902 3,945
Pretax Net Operating Income (TE) 30,902 4,422
Applicable Income Taxes 11,353 1,556
Net Operating Income 19,277 2,755
Net Income 19,277 2,760
Cash Dividends Declared — 3,849
Retained Earnings 19,277 3,180