Glens Falls National Bank And Trust Company
Glens Falls, NY — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Glens Falls National Bank And Trust Company | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 50,313 | 41,190 |
Income from Lease Financing Receivables | — | 11 |
909 | 99 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 482 | 52 |
Income on Loans and Leases (TE) | 50,795 | 41,538 |
Investment Interest Income (TE) | 15,385 | 6,772 |
Total Interest Income (TE) | 66,624 | 51,262 |
Total Interest Expense | 3,457 | 6,465 |
Net Interest Income (TE) | 63,167 | 44,373 |
Non-Interest Income | 27,137 | 11,435 |
Adjusted Operating Income (TE) | 90,304 | 60,531 |
Non-interest Expense | 52,988 | 38,074 |
Provision for Loan & Lease Losses | 1,682 | 2,203 |
Pretax Operating Income (TE) | 35,634 | 19,351 |
Pretax Net Operating Income (TE) | 35,638 | 20,027 |
Applicable Income Taxes | 9,591 | 5,930 |
Net Operating Income | 22,586 | 13,255 |
Net Income | 22,586 | 13,254 |
Cash Dividends Declared | 11,650 | 2,280 |
Retained Earnings | 10,936 | 7,706 |