Heritage Bank
Olympia, WA — Non-member Bank
Active
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Heritage Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 122,147 | 42,312 |
Income from Lease Financing Receivables | — | 4 |
2,258 | 335 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1,216 | 179 |
Income on Loans and Leases (TE) | 123,363 | 42,561 |
Investment Interest Income (TE) | 18,687 | 5,284 |
Total Interest Income (TE) | 142,330 | 48,251 |
Total Interest Expense | 5,140 | 2,409 |
Net Interest Income (TE) | 137,190 | 45,842 |
Non-Interest Income | 31,698 | 10,773 |
Adjusted Operating Income (TE) | 168,888 | 62,939 |
Non-interest Expense | 104,044 | 38,829 |
Provision for Loan & Lease Losses | 4,931 | 645 |
Pretax Operating Income (TE) | 59,913 | 19,229 |
Pretax Net Operating Income (TE) | 61,228 | 19,378 |
Applicable Income Taxes | 15,541 | 5,716 |
Net Operating Income | 41,849 | 12,922 |
Net Income | 41,849 | 12,922 |
Cash Dividends Declared | 30,000 | 7,083 |
Retained Earnings | 11,849 | 4,310 |