Herald National Bank
New York, NY — National Bank
Acquired Mar 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Herald National Bank | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 13,763 | 33,388 |
Income from Lease Financing Receivables | — | 63 |
— | 39 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 20 |
Income on Loans and Leases (TE) | 13,763 | 33,695 |
Investment Interest Income (TE) | 1,386 | 6,523 |
Total Interest Income (TE) | 15,369 | 44,827 |
Total Interest Expense | 1,813 | 7,954 |
Net Interest Income (TE) | 13,556 | 35,276 |
Non-Interest Income | 896 | 13,578 |
Adjusted Operating Income (TE) | 14,452 | 49,833 |
Non-interest Expense | 14,085 | 32,548 |
Provision for Loan & Lease Losses | 1,753 | 1,674 |
Pretax Operating Income (TE) | -1,386 | 14,987 |
Pretax Net Operating Income (TE) | -1,386 | 15,946 |
Applicable Income Taxes | -516 | 4,654 |
Net Operating Income | -870 | 10,277 |
Net Income | -870 | 10,276 |
Cash Dividends Declared | — | 1,878 |
Retained Earnings | -870 | 7,532 |