Independence Bank
Independence, OH — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Independence Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 5,040 | 11,386 |
Income from Lease Financing Receivables | — | 4 |
— | 64 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 32 |
Income on Loans and Leases (TE) | 5,040 | 11,434 |
Investment Interest Income (TE) | 982 | 1,894 |
Total Interest Income (TE) | 6,186 | 13,519 |
Total Interest Expense | 354 | 1,284 |
Net Interest Income (TE) | 5,832 | 12,235 |
Non-Interest Income | 145 | 3,344 |
Adjusted Operating Income (TE) | 5,977 | 15,563 |
Non-interest Expense | 3,789 | 10,269 |
Provision for Loan & Lease Losses | 470 | 364 |
Pretax Operating Income (TE) | 1,718 | 4,973 |
Pretax Net Operating Income (TE) | 2,021 | 5,081 |
Applicable Income Taxes | 621 | 1,163 |
Net Operating Income | 1,255 | 3,580 |
Net Income | 1,255 | 3,580 |
Cash Dividends Declared | 418 | 1,534 |
Retained Earnings | 837 | 1,881 |