Massbank
Reading, MA — Domestic Branch of a Domestic Bank
Acquired Oct 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Massbank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 868 | 13,045 |
Income from Lease Financing Receivables | — | — |
— | 931 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 654 |
Income on Loans and Leases (TE) | 868 | 13,047 |
Investment Interest Income (TE) | 4 | 3,138 |
Total Interest Income (TE) | 1,716 | 16,789 |
Total Interest Expense | 1,071 | 8,173 |
Net Interest Income (TE) | 645 | 8,596 |
Non-Interest Income | — | 1,633 |
Adjusted Operating Income (TE) | 357 | 10,130 |
Non-interest Expense | 809 | 7,969 |
Provision for Loan & Lease Losses | — | 732 |
Pretax Operating Income (TE) | — | 3,045 |
Pretax Net Operating Income (TE) | — | 2,904 |
Applicable Income Taxes | — | 950 |
Net Operating Income | — | 1,940 |
Net Income | — | 1,940 |
Cash Dividends Declared | — | 2,078 |
Retained Earnings | — | 1,650 |