Frontier Bank
Everett, WA — Non-member Bank
Acquired May 2010
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Frontier Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 33,155 | 4,653 |
Income from Lease Financing Receivables | — | 363 |
597 | 138 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 75 |
Income on Loans and Leases (TE) | 33,155 | 4,681 |
Investment Interest Income (TE) | 513 | 933 |
Total Interest Income (TE) | 33,853 | 5,212 |
Total Interest Expense | 17,188 | 1,423 |
Net Interest Income (TE) | 16,665 | 3,612 |
Non-Interest Income | -5,302 | 566 |
Adjusted Operating Income (TE) | 11,363 | 4,089 |
Non-interest Expense | 24,298 | 3,568 |
Provision for Loan & Lease Losses | 32,128 | 4,546 |
Pretax Operating Income (TE) | -45,063 | -872 |
Pretax Net Operating Income (TE) | -45,063 | -857 |
Applicable Income Taxes | — | 241 |
Net Operating Income | -45,063 | -860 |
Net Income | -45,063 | -860 |
Cash Dividends Declared | — | 437 |
Retained Earnings | -45,063 | -933 |