First & Ocean National Bank
Seabrook, NH — Domestic Branch of a Domestic Bank
Acquired Jan 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First & Ocean National Bank | All Insured Commercial Banks in New Hampshire |
Interest and Fees on Loans | 8,768 | 7,196 |
Income from Lease Financing Receivables | — | 2,291 |
27 | 37 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 13 | 19 |
Income on Loans and Leases (TE) | 8,781 | 7,382 |
Investment Interest Income (TE) | 1,253 | 1,272 |
Total Interest Income (TE) | 10,152 | 8,252 |
Total Interest Expense | 2,845 | 2,333 |
Net Interest Income (TE) | 7,307 | 6,086 |
Non-Interest Income | 1,539 | 1,390 |
Adjusted Operating Income (TE) | 8,846 | 7,376 |
Non-interest Expense | 5,720 | 4,720 |
Provision for Loan & Lease Losses | 225 | 224 |
Pretax Operating Income (TE) | 2,901 | 2,671 |
Pretax Net Operating Income (TE) | 2,960 | 2,961 |
Applicable Income Taxes | 1,068 | 1,081 |
Net Operating Income | 1,839 | 1,702 |
Net Income | 1,752 | 1,695 |
Cash Dividends Declared | 1,421 | 704 |
Retained Earnings | 331 | 1,193 |