Granite State Bank
Monrovia, CA — Domestic Branch of a Domestic Bank
Acquired Feb 2005
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Granite State Bank | All Insured Commercial Banks in California |
| Interest and Fees on Loans | 4,087 | 22,528 |
| Income from Lease Financing Receivables | — | 5,584 |
| — | 962 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 534 |
| Income on Loans and Leases (TE) | 4,087 | 21,722 |
| Investment Interest Income (TE) | 222 | 8,970 |
| Total Interest Income (TE) | 4,779 | 23,453 |
| Total Interest Expense | 365 | 4,446 |
| Net Interest Income (TE) | 4,414 | 18,958 |
| Non-Interest Income | 509 | 5,201 |
| Adjusted Operating Income (TE) | 4,923 | 25,154 |
| Non-interest Expense | 4,327 | 14,512 |
| Provision for Loan & Lease Losses | — | 1,459 |
| Pretax Operating Income (TE) | 635 | 29,565 |
| Pretax Net Operating Income (TE) | 635 | 29,603 |
| Applicable Income Taxes | 248 | 10,576 |
| Net Operating Income | 387 | 18,295 |
| Net Income | 387 | 18,291 |
| Cash Dividends Declared | 352 | 15,209 |
| Retained Earnings | 35 | 11,911 |