Foundation Bank
Bellevue, WA — Domestic Branch of a Domestic Bank
Acquired Sep 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Foundation Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 7,035 | 15,805 |
Income from Lease Financing Receivables | — | 0 |
— | 133 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 70 |
Income on Loans and Leases (TE) | 7,035 | 15,925 |
Investment Interest Income (TE) | 1,079 | 1,849 |
Total Interest Income (TE) | 8,187 | 18,170 |
Total Interest Expense | 348 | 861 |
Net Interest Income (TE) | 7,839 | 17,189 |
Non-Interest Income | 735 | 4,048 |
Adjusted Operating Income (TE) | 8,574 | 24,164 |
Non-interest Expense | 5,552 | 14,861 |
Provision for Loan & Lease Losses | — | 260 |
Pretax Operating Income (TE) | 3,022 | 6,993 |
Pretax Net Operating Income (TE) | 3,018 | 7,064 |
Applicable Income Taxes | 949 | 2,089 |
Net Operating Income | 1,945 | 4,679 |
Net Income | 1,945 | 4,679 |
Cash Dividends Declared | — | 1,396 |
Retained Earnings | 1,945 | 2,188 |