First Independent Bank
Vancouver, WA — Domestic Branch of a Domestic Bank
Acquired Mar 2012
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Independent Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 28,194 | 19,151 |
Income from Lease Financing Receivables | 91 | 12 |
465 | 84 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 232 | 41 |
Income on Loans and Leases (TE) | 28,517 | 19,300 |
Investment Interest Income (TE) | 7,834 | 2,088 |
Total Interest Income (TE) | 36,421 | 21,593 |
Total Interest Expense | 2,500 | 2,715 |
Net Interest Income (TE) | 33,921 | 18,635 |
Non-Interest Income | 9,500 | 3,374 |
Adjusted Operating Income (TE) | 43,421 | 21,980 |
Non-interest Expense | 32,515 | 15,702 |
Provision for Loan & Lease Losses | -1,528 | 2,664 |
Pretax Operating Income (TE) | 12,434 | 2,964 |
Pretax Net Operating Income (TE) | 12,536 | 3,206 |
Applicable Income Taxes | — | 557 |
Net Operating Income | 10,336 | 2,249 |
Net Income | 10,336 | 2,249 |
Cash Dividends Declared | 1,550 | 552 |
Retained Earnings | 8,786 | 983 |