Greater Community Bank
Totowa, NJ — Domestic Branch of a Domestic Bank
Acquired Jul 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Greater Community Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 23,296 | 9,559 |
Income from Lease Financing Receivables | 3,465 | 2,524 |
56 | 134 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 30 | 64 |
Income on Loans and Leases (TE) | 26,791 | 9,882 |
Investment Interest Income (TE) | 2,224 | 3,269 |
Total Interest Income (TE) | 29,619 | 10,953 |
Total Interest Expense | 12,009 | 5,208 |
Net Interest Income (TE) | 17,610 | 6,269 |
Non-Interest Income | 2,709 | 1,979 |
Adjusted Operating Income (TE) | 20,319 | 8,715 |
Non-interest Expense | 13,297 | 6,008 |
Provision for Loan & Lease Losses | 449 | 1,061 |
Pretax Operating Income (TE) | 6,573 | 7,154 |
Pretax Net Operating Income (TE) | 6,078 | 7,008 |
Applicable Income Taxes | 2,504 | 1,559 |
Net Operating Income | 3,409 | 4,978 |
Net Income | 3,409 | 4,978 |
Cash Dividends Declared | 3,900 | 8,073 |
Retained Earnings | — | 1,281 |