Intervest National Bank
New York, NY — Domestic Branch of a Domestic Bank
Acquired Feb 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Intervest National Bank | All Insured Commercial Banks in New York |
Interest and Fees on Loans | 62,492 | 40,930 |
Income from Lease Financing Receivables | — | 52 |
— | 54 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 24 |
Income on Loans and Leases (TE) | 62,492 | 41,366 |
Investment Interest Income (TE) | 3,922 | 6,977 |
Total Interest Income (TE) | 67,043 | 51,280 |
Total Interest Expense | 18,378 | 7,221 |
Net Interest Income (TE) | 48,665 | 43,766 |
Non-Interest Income | 2,020 | 14,468 |
Adjusted Operating Income (TE) | 50,685 | 62,711 |
Non-interest Expense | 17,856 | 41,783 |
Provision for Loan & Lease Losses | -2,500 | 1,026 |
Pretax Operating Income (TE) | 35,329 | 16,128 |
Pretax Net Operating Income (TE) | 35,630 | 16,133 |
Applicable Income Taxes | 15,526 | 4,899 |
Net Operating Income | 20,104 | 10,626 |
Net Income | 20,104 | 10,419 |
Cash Dividends Declared | — | 3,522 |
Retained Earnings | 20,104 | 5,183 |