Heritage Bank
Louisville, CO — Domestic Branch of a Domestic Bank
Acquired Mar 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Heritage Bank | All Insured Commercial Banks in Colorado |
Interest and Fees on Loans | 27,259 | 13,490 |
Income from Lease Financing Receivables | 794 | 156 |
109 | 128 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 62 |
Income on Loans and Leases (TE) | 28,053 | 13,545 |
Investment Interest Income (TE) | 2,962 | 3,688 |
Total Interest Income (TE) | 31,301 | 13,766 |
Total Interest Expense | 13,496 | 4,989 |
Net Interest Income (TE) | 17,805 | 8,553 |
Non-Interest Income | 814 | 2,247 |
Adjusted Operating Income (TE) | 18,619 | 10,656 |
Non-interest Expense | 17,429 | 6,348 |
Provision for Loan & Lease Losses | 2,457 | 750 |
Pretax Operating Income (TE) | — | 5,754 |
Pretax Net Operating Income (TE) | — | 5,777 |
Applicable Income Taxes | — | 2,013 |
Net Operating Income | — | 4,048 |
Net Income | — | 4,049 |
Cash Dividends Declared | — | 3,458 |
Retained Earnings | — | 2,067 |