First Washington State Bank
Windsor, NJ — Domestic Branch of a Domestic Bank
Acquired Feb 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | First Washington State Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 20,568 | 22,760 |
Income from Lease Financing Receivables | 1 | 3,465 |
— | 395 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 162 |
Income on Loans and Leases (TE) | 20,569 | 23,422 |
Investment Interest Income (TE) | 9,020 | 5,515 |
Total Interest Income (TE) | 29,804 | 31,014 |
Total Interest Expense | 13,781 | 13,160 |
Net Interest Income (TE) | 16,023 | 17,599 |
Non-Interest Income | 2,633 | 4,777 |
Adjusted Operating Income (TE) | 18,656 | 23,313 |
Non-interest Expense | 12,063 | 14,469 |
Provision for Loan & Lease Losses | — | 1,326 |
Pretax Operating Income (TE) | 6,593 | 17,441 |
Pretax Net Operating Income (TE) | 6,597 | 16,999 |
Applicable Income Taxes | 1,534 | 4,190 |
Net Operating Income | 4,731 | 12,182 |
Net Income | 4,731 | 12,182 |
Cash Dividends Declared | 4,150 | 13,383 |
Retained Earnings | 581 | 5,677 |