First State Bank
Cranford, NJ — Non-member Bank
Acquired Oct 2011
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First State Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 7,404 | 13,176 |
Income from Lease Financing Receivables | — | 14 |
— | 10 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 3 |
Income on Loans and Leases (TE) | 7,404 | 13,201 |
Investment Interest Income (TE) | 278 | 2,151 |
Total Interest Income (TE) | 7,772 | 15,549 |
Total Interest Expense | 2,863 | 3,195 |
Net Interest Income (TE) | 4,909 | 12,246 |
Non-Interest Income | 307 | 3,367 |
Adjusted Operating Income (TE) | 5,216 | 17,263 |
Non-interest Expense | 6,646 | 12,166 |
Provision for Loan & Lease Losses | -114 | 2,043 |
Pretax Operating Income (TE) | -1,316 | 2,543 |
Pretax Net Operating Income (TE) | -1,286 | 2,676 |
Applicable Income Taxes | — | 700 |
Net Operating Income | -1,286 | 1,822 |
Net Income | -1,286 | 1,807 |
Cash Dividends Declared | — | 495 |
Retained Earnings | -1,286 | 934 |