Net Income Analysis ( % relative to Total Revenue )
Income Statement Highlands State Bank All Insured Commercial Banks in New Jersey
Interest and Fees on Loans 14,497 29,100
Income from Lease Financing Receivables — 31
— 49
Estimated Tax Benefit from Tax-Exempt Loan Income — 23
Income on Loans and Leases (TE) 14,497 29,223
Investment Interest Income (TE) 62 2,453
Total Interest Income (TE) 14,707 32,299
Total Interest Expense 2,216 4,682
Net Interest Income (TE) 12,491 27,350
Non-Interest Income 4,090 7,091
Adjusted Operating Income (TE) 16,581 36,057
Non-interest Expense 12,133 23,648
Provision for Loan & Lease Losses 663 876
Pretax Operating Income (TE) 3,785 10,871
Pretax Net Operating Income (TE) 3,785 10,995
Applicable Income Taxes 1,359 2,973
Net Operating Income 2,426 8,462
Net Income 2,424 8,451
Cash Dividends Declared 929 2,119
Retained Earnings 1,495 5,840