Interchange Bank
Saddle Brook, NJ — Domestic Branch of a Domestic Bank
Acquired Jan 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Interchange Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 77,312 | 22,760 |
Income from Lease Financing Receivables | 1,689 | 3,465 |
202 | 395 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 102 | 162 |
Income on Loans and Leases (TE) | 79,103 | 23,422 |
Investment Interest Income (TE) | 14,053 | 5,515 |
Total Interest Income (TE) | 93,927 | 31,014 |
Total Interest Expense | 36,591 | 13,160 |
Net Interest Income (TE) | 57,336 | 17,599 |
Non-Interest Income | 9,862 | 4,777 |
Adjusted Operating Income (TE) | 67,198 | 23,313 |
Non-interest Expense | 58,915 | 14,469 |
Provision for Loan & Lease Losses | 1,844 | 1,326 |
Pretax Operating Income (TE) | 6,439 | 17,441 |
Pretax Net Operating Income (TE) | 6,586 | 16,999 |
Applicable Income Taxes | 1,176 | 4,190 |
Net Operating Income | 4,008 | 12,182 |
Net Income | 4,008 | 12,182 |
Cash Dividends Declared | 27,900 | 13,383 |
Retained Earnings | — | 5,677 |