Jefferson Federal Bank
Morristown, TN — Domestic Branch of a Domestic Bank
Acquired May 2014
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Jefferson Federal Bank | All Insured Savings Banks in Tennessee |
Interest and Fees on Loans | 4,125 | 2,409 |
Income from Lease Financing Receivables | — | 0 |
— | 19 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
Income on Loans and Leases (TE) | 4,125 | 2,419 |
Investment Interest Income (TE) | 493 | 685 |
Total Interest Income (TE) | 4,670 | 3,143 |
Total Interest Expense | 554 | 396 |
Net Interest Income (TE) | 4,116 | 2,747 |
Non-Interest Income | 396 | 512 |
Adjusted Operating Income (TE) | 4,512 | 3,260 |
Non-interest Expense | 3,548 | 2,239 |
Provision for Loan & Lease Losses | — | 51 |
Pretax Operating Income (TE) | 964 | 970 |
Pretax Net Operating Income (TE) | 964 | 974 |
Applicable Income Taxes | 313 | 282 |
Net Operating Income | 633 | 652 |
Net Income | 633 | 652 |
Cash Dividends Declared | — | 79 |
Retained Earnings | 633 | 573 |