Net Income Analysis ( % relative to Total Revenue )
Income Statement Fortis Private Bank All Insured Commercial Banks in Colorado
Interest and Fees on Loans 8,855 12,058
Income from Lease Financing Receivables — 15
— 86
Estimated Tax Benefit from Tax-Exempt Loan Income — 44
Income on Loans and Leases (TE) 8,855 12,124
Investment Interest Income (TE) 2,915 1,943
Total Interest Income (TE) 11,935 14,428
Total Interest Expense 1,241 901
Net Interest Income (TE) 10,694 13,487
Non-Interest Income 2,378 4,327
Adjusted Operating Income (TE) 13,072 18,392
Non-interest Expense 11,909 12,555
Provision for Loan & Lease Losses 197 237
Pretax Operating Income (TE) 966 5,288
Pretax Net Operating Income (TE) 2,054 5,374
Applicable Income Taxes — 823
Net Operating Income 1,675 4,034
Net Income 1,675 4,034
Cash Dividends Declared 245 1,590
Retained Earnings 1,430 2,176