First Ipswich Bank
Ipswich, MA — State Member Bank
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Net Income Analysis
( % relative to Total Revenue )
| Income Statement | First Ipswich Bank | All Insured Commercial Banks in Massachusetts |
| Interest and Fees on Loans | 11,273 | 34,650 |
| Income from Lease Financing Receivables | — | 0 |
| — | 299 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 159 |
| Income on Loans and Leases (TE) | 11,273 | 35,259 |
| Investment Interest Income (TE) | 1,320 | 3,997 |
| Total Interest Income (TE) | 12,750 | 39,846 |
| Total Interest Expense | 1,618 | 4,360 |
| Net Interest Income (TE) | 11,132 | 35,029 |
| Non-Interest Income | 2,089 | 8,220 |
| Adjusted Operating Income (TE) | 13,221 | 43,184 |
| Non-interest Expense | 10,985 | 28,480 |
| Provision for Loan & Lease Losses | 1,524 | 964 |
| Pretax Operating Income (TE) | 712 | 13,638 |
| Pretax Net Operating Income (TE) | 712 | 13,750 |
| Applicable Income Taxes | 241 | 3,897 |
| Net Operating Income | 471 | 8,937 |
| Net Income | 471 | 8,869 |
| Cash Dividends Declared | — | 3,144 |
| Retained Earnings | 471 | 5,501 |