Insurbanc
Farmington, CT — Federal Savings Bank
Acquired Mar 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Insurbanc | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 1,274 | 6,949 |
Income from Lease Financing Receivables | — | 8 |
— | 5 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 2 |
Income on Loans and Leases (TE) | 1,274 | 6,959 |
Investment Interest Income (TE) | 142 | 823 |
Total Interest Income (TE) | 1,430 | 7,807 |
Total Interest Expense | 255 | 1,369 |
Net Interest Income (TE) | 1,175 | 6,439 |
Non-Interest Income | 31 | 2,000 |
Adjusted Operating Income (TE) | 1,206 | 8,407 |
Non-interest Expense | 979 | 6,755 |
Provision for Loan & Lease Losses | — | 318 |
Pretax Operating Income (TE) | 227 | 1,375 |
Pretax Net Operating Income (TE) | 227 | 1,565 |
Applicable Income Taxes | 64 | 460 |
Net Operating Income | 163 | 1,068 |
Net Income | 163 | 1,068 |
Cash Dividends Declared | — | 3 |
Retained Earnings | 163 | 790 |