Freedom Bank
Sterling, IL — Domestic Branch of a Domestic Bank
Acquired Mar 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Freedom Bank | All Insured Commercial Banks in Illinois |
Interest and Fees on Loans | 326 | 7,134 |
Income from Lease Financing Receivables | — | 3 |
2 | 30 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1 | 15 |
Income on Loans and Leases (TE) | 327 | 7,194 |
Investment Interest Income (TE) | 35 | 1,319 |
Total Interest Income (TE) | 362 | 8,761 |
Total Interest Expense | 29 | 1,084 |
Net Interest Income (TE) | 333 | 7,612 |
Non-Interest Income | 25 | 1,624 |
Adjusted Operating Income (TE) | 358 | 9,435 |
Non-interest Expense | 242 | 6,365 |
Provision for Loan & Lease Losses | 16 | 481 |
Pretax Operating Income (TE) | 100 | 2,317 |
Pretax Net Operating Income (TE) | 100 | 2,378 |
Applicable Income Taxes | 33 | 346 |
Net Operating Income | 65 | 1,793 |
Net Income | 65 | 1,800 |
Cash Dividends Declared | — | 799 |
Retained Earnings | 65 | 756 |