First Heritage Bank
Snohomish, WA — Non-member Bank
Acquired May 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Heritage Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 1,664 | 4,181 |
Income from Lease Financing Receivables | — | 1 |
— | 15 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 4 |
Income on Loans and Leases (TE) | 1,664 | 4,215 |
Investment Interest Income (TE) | 99 | 392 |
Total Interest Income (TE) | 1,768 | 4,719 |
Total Interest Expense | 490 | 779 |
Net Interest Income (TE) | 1,278 | 3,905 |
Non-Interest Income | 416 | 761 |
Adjusted Operating Income (TE) | 1,694 | 4,669 |
Non-interest Expense | 1,994 | 3,432 |
Provision for Loan & Lease Losses | 220 | 695 |
Pretax Operating Income (TE) | -520 | 519 |
Pretax Net Operating Income (TE) | -435 | 597 |
Applicable Income Taxes | — | 102 |
Net Operating Income | -435 | 387 |
Net Income | -435 | 387 |
Cash Dividends Declared | — | 53 |
Retained Earnings | -435 | 264 |