Granite Savings Bank
Rockport, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Granite Savings Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 1,400 | 17,896 |
Income from Lease Financing Receivables | — | 0 |
— | 4 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 1,400 | 17,937 |
Investment Interest Income (TE) | 247 | 2,417 |
Total Interest Income (TE) | 1,669 | 20,645 |
Total Interest Expense | 332 | 3,305 |
Net Interest Income (TE) | 1,337 | 17,222 |
Non-Interest Income | 234 | 3,380 |
Adjusted Operating Income (TE) | 1,571 | 21,480 |
Non-interest Expense | 2,604 | 16,493 |
Provision for Loan & Lease Losses | — | 474 |
Pretax Operating Income (TE) | -1,033 | 4,191 |
Pretax Net Operating Income (TE) | -416 | 4,999 |
Applicable Income Taxes | 269 | 1,377 |
Net Operating Income | -685 | 3,306 |
Net Income | -685 | 3,275 |
Cash Dividends Declared | — | 119 |
Retained Earnings | -685 | 2,784 |