Foxborough Savings Bank
Foxboro, MA — Domestic Branch of a Domestic Bank
Acquired May 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Foxborough Savings Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 2,608 | 2,749 |
Income from Lease Financing Receivables | — | — |
— | — | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | — |
Income on Loans and Leases (TE) | 2,608 | 2,750 |
Investment Interest Income (TE) | 775 | 990 |
Total Interest Income (TE) | 3,403 | 3,813 |
Total Interest Expense | 639 | 1,222 |
Net Interest Income (TE) | 2,764 | 2,590 |
Non-Interest Income | 216 | 358 |
Adjusted Operating Income (TE) | 2,980 | 2,963 |
Non-interest Expense | 1,780 | 2,071 |
Provision for Loan & Lease Losses | — | 121 |
Pretax Operating Income (TE) | 1,200 | 916 |
Pretax Net Operating Income (TE) | 1,518 | 1,110 |
Applicable Income Taxes | 683 | 390 |
Net Operating Income | 835 | 756 |
Net Income | 835 | 756 |
Cash Dividends Declared | — | 1,788 |
Retained Earnings | 835 | 833 |