Lake National Bank
Mentor, OH — Domestic Branch of a Domestic Bank
Acquired Jul 2016
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Lake National Bank | All Insured Commercial Banks in Ohio |
Interest and Fees on Loans | 3,161 | 7,535 |
Income from Lease Financing Receivables | — | 27 |
— | 53 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 27 |
Income on Loans and Leases (TE) | 3,161 | 7,588 |
Investment Interest Income (TE) | 6 | 1,278 |
Total Interest Income (TE) | 3,242 | 8,995 |
Total Interest Expense | 392 | 891 |
Net Interest Income (TE) | 2,850 | 8,105 |
Non-Interest Income | 214 | 2,174 |
Adjusted Operating Income (TE) | 3,064 | 10,270 |
Non-interest Expense | 2,097 | 6,472 |
Provision for Loan & Lease Losses | 360 | 265 |
Pretax Operating Income (TE) | 607 | 3,571 |
Pretax Net Operating Income (TE) | 607 | 3,641 |
Applicable Income Taxes | 200 | 946 |
Net Operating Income | 407 | 2,505 |
Net Income | 407 | 2,507 |
Cash Dividends Declared | 220 | 1,163 |
Retained Earnings | 187 | 1,176 |