Kitsap Bank
Port Orchard, WA — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Kitsap Bank | All Insured Commercial Banks in Washington |
Interest and Fees on Loans | 29,141 | 42,312 |
Income from Lease Financing Receivables | — | 4 |
70 | 335 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 38 | 179 |
Income on Loans and Leases (TE) | 29,179 | 42,561 |
Investment Interest Income (TE) | 10,739 | 5,284 |
Total Interest Income (TE) | 40,214 | 48,251 |
Total Interest Expense | 959 | 2,409 |
Net Interest Income (TE) | 39,255 | 45,842 |
Non-Interest Income | 8,509 | 10,773 |
Adjusted Operating Income (TE) | 47,764 | 62,939 |
Non-interest Expense | 33,827 | 38,829 |
Provision for Loan & Lease Losses | 56 | 645 |
Pretax Operating Income (TE) | 13,881 | 19,229 |
Pretax Net Operating Income (TE) | 14,089 | 19,378 |
Applicable Income Taxes | — | 5,716 |
Net Operating Income | 11,831 | 12,922 |
Net Income | 11,831 | 12,922 |
Cash Dividends Declared | 4,146 | 7,083 |
Retained Earnings | 7,685 | 4,310 |