Harris Bank Argo
Summit, IL — Domestic Branch of a Domestic Bank
Acquired May 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Harris Bank Argo | All Insured Commercial Banks in Illinois |
Interest and Fees on Loans | 4,617 | 1,737 |
Income from Lease Financing Receivables | — | 503 |
3 | 41 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 2 | 22 |
Income on Loans and Leases (TE) | 4,619 | 1,755 |
Investment Interest Income (TE) | 291 | 390 |
Total Interest Income (TE) | 4,972 | 2,214 |
Total Interest Expense | 1,517 | 690 |
Net Interest Income (TE) | 3,455 | 1,516 |
Non-Interest Income | 583 | 283 |
Adjusted Operating Income (TE) | 4,038 | 1,808 |
Non-interest Expense | 2,670 | 1,072 |
Provision for Loan & Lease Losses | 180 | 197 |
Pretax Operating Income (TE) | 1,188 | 918 |
Pretax Net Operating Income (TE) | 1,188 | 922 |
Applicable Income Taxes | 385 | 804 |
Net Operating Income | 716 | 633 |
Net Income | 716 | 633 |
Cash Dividends Declared | — | 919 |
Retained Earnings | 716 | 1,363 |