Flagship Bank And Trust Company
Worcester, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Flagship Bank And Trust Company | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 24,829 | 16,975 |
Income from Lease Financing Receivables | — | — |
403 | 2,345 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 196 | 1,208 |
Income on Loans and Leases (TE) | 25,025 | 16,979 |
Investment Interest Income (TE) | 4,515 | 4,121 |
Total Interest Income (TE) | 30,605 | 22,285 |
Total Interest Expense | 10,783 | 11,768 |
Net Interest Income (TE) | 19,822 | 10,431 |
Non-Interest Income | 3,808 | 1,951 |
Adjusted Operating Income (TE) | 23,630 | 12,349 |
Non-interest Expense | 15,315 | 10,050 |
Provision for Loan & Lease Losses | 350 | 508 |
Pretax Operating Income (TE) | 7,965 | 3,359 |
Pretax Net Operating Income (TE) | 6,394 | 3,593 |
Applicable Income Taxes | 2,372 | 1,125 |
Net Operating Income | 3,826 | 2,378 |
Net Income | 3,826 | 2,378 |
Cash Dividends Declared | 1,849 | 1,875 |
Retained Earnings | 1,977 | 2,144 |