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