Net Income Analysis ( % relative to Total Revenue )
Income Statement Halifax National Bank All Insured Commercial Banks in Pennsylvania
Interest and Fees on Loans 4,406 19,234
Income from Lease Financing Receivables — 7,333
6 1,255
Estimated Tax Benefit from Tax-Exempt Loan Income — 643
Income on Loans and Leases (TE) 4,406 19,548
Investment Interest Income (TE) 616 5,373
Total Interest Income (TE) 5,050 25,136
Total Interest Expense 2,228 9,953
Net Interest Income (TE) 2,822 15,022
Non-Interest Income 740 3,897
Adjusted Operating Income (TE) 3,562 18,963
Non-interest Expense 3,338 12,406
Provision for Loan & Lease Losses 575 10,960
Pretax Operating Income (TE) — 25,701
Pretax Net Operating Income (TE) — 21,977
Applicable Income Taxes — 6,171
Net Operating Income — 14,574
Net Income — 14,593
Cash Dividends Declared 256 14,709
Retained Earnings — 2,999