Firstbank North
Westminster, CO — Domestic Branch of a Domestic Bank
Acquired Oct 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Firstbank North | All Insured Commercial Banks in Colorado |
Interest and Fees on Loans | 4,415 | 6,845 |
Income from Lease Financing Receivables | — | 7 |
91 | 39 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 47 | 15 |
Income on Loans and Leases (TE) | 4,462 | 6,881 |
Investment Interest Income (TE) | 12,003 | 2,414 |
Total Interest Income (TE) | 16,497 | 9,665 |
Total Interest Expense | 2,417 | 1,935 |
Net Interest Income (TE) | 14,080 | 7,549 |
Non-Interest Income | 3,736 | 1,627 |
Adjusted Operating Income (TE) | 17,816 | 9,431 |
Non-interest Expense | 8,307 | 6,373 |
Provision for Loan & Lease Losses | 563 | 1,471 |
Pretax Operating Income (TE) | 8,946 | 1,466 |
Pretax Net Operating Income (TE) | 6,349 | 1,492 |
Applicable Income Taxes | 1,071 | 365 |
Net Operating Income | 4,062 | 951 |
Net Income | 4,062 | 951 |
Cash Dividends Declared | — | 545 |
Retained Earnings | 4,062 | 119 |