Ion Bank
Naugatuck, CT — State Savings Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Ion Bank | All Insured Savings Banks in Connecticut |
Interest and Fees on Loans | 37,852 | 30,883 |
Income from Lease Financing Receivables | 40 | 2 |
— | 32 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 16 |
Income on Loans and Leases (TE) | 37,892 | 30,904 |
Investment Interest Income (TE) | 1,913 | 3,080 |
Total Interest Income (TE) | 41,410 | 34,631 |
Total Interest Expense | 5,501 | 4,711 |
Net Interest Income (TE) | 35,909 | 29,919 |
Non-Interest Income | 8,383 | 9,078 |
Adjusted Operating Income (TE) | 44,292 | 38,915 |
Non-interest Expense | 35,557 | 30,204 |
Provision for Loan & Lease Losses | 1,300 | 858 |
Pretax Operating Income (TE) | 7,435 | 7,965 |
Pretax Net Operating Income (TE) | 9,677 | 9,672 |
Applicable Income Taxes | 2,704 | 2,335 |
Net Operating Income | 6,973 | 6,676 |
Net Income | 6,973 | 6,667 |
Cash Dividends Declared | — | 15 |
Retained Earnings | 6,973 | 6,645 |