Granite Bank
Keene, NH — Domestic Branch of a Domestic Bank
Acquired May 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Granite Bank | All Insured Commercial Banks in New Hampshire |
Interest and Fees on Loans | 6,480 | 2,501 |
Income from Lease Financing Receivables | — | 190 |
28 | 25 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 15 | 13 |
Income on Loans and Leases (TE) | 6,495 | 2,524 |
Investment Interest Income (TE) | 2,477 | 573 |
Total Interest Income (TE) | 9,004 | 2,888 |
Total Interest Expense | 1,443 | 689 |
Net Interest Income (TE) | 7,561 | 2,252 |
Non-Interest Income | 2,605 | 406 |
Adjusted Operating Income (TE) | 10,166 | 2,627 |
Non-interest Expense | 6,077 | 1,722 |
Provision for Loan & Lease Losses | — | 83 |
Pretax Operating Income (TE) | 4,089 | 1,014 |
Pretax Net Operating Income (TE) | 4,185 | 969 |
Applicable Income Taxes | 1,577 | 378 |
Net Operating Income | 2,593 | 605 |
Net Income | 2,593 | 605 |
Cash Dividends Declared | 6,000 | 891 |
Retained Earnings | — | 304 |