Independence Bank, National Association
Houston, TX — Domestic Branch of a Domestic Bank
Acquired Nov 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Independence Bank, National Association | All Insured Commercial Banks in Texas |
Interest and Fees on Loans | 6,211 | 6,262 |
Income from Lease Financing Receivables | — | 1 |
— | 19 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 9 |
Income on Loans and Leases (TE) | 6,211 | 6,295 |
Investment Interest Income (TE) | 555 | 1,251 |
Total Interest Income (TE) | 6,953 | 7,834 |
Total Interest Expense | 1,199 | 772 |
Net Interest Income (TE) | 5,754 | 7,014 |
Non-Interest Income | 681 | 1,628 |
Adjusted Operating Income (TE) | 6,435 | 8,819 |
Non-interest Expense | 5,214 | 5,885 |
Provision for Loan & Lease Losses | — | 185 |
Pretax Operating Income (TE) | 1,221 | 2,716 |
Pretax Net Operating Income (TE) | 1,327 | 2,763 |
Applicable Income Taxes | 373 | 292 |
Net Operating Income | 853 | 2,176 |
Net Income | 853 | 2,166 |
Cash Dividends Declared | — | 721 |
Retained Earnings | 853 | 1,311 |