Net Income Analysis ( % relative to Total Revenue )
Income Statement Mechanics Bank All Insured Commercial Banks in California
Interest and Fees on Loans 115,923 39,600
Income from Lease Financing Receivables 371 93
2 41
Estimated Tax Benefit from Tax-Exempt Loan Income 1 21
Income on Loans and Leases (TE) 116,295 39,939
Investment Interest Income (TE) 25,469 4,547
Total Interest Income (TE) 145,216 46,718
Total Interest Expense 2,849 3,460
Net Interest Income (TE) 142,367 42,511
Non-Interest Income 28,490 7,405
Adjusted Operating Income (TE) 170,857 56,117
Non-interest Expense 116,432 31,848
Provision for Loan & Lease Losses 4,216 726
Pretax Operating Income (TE) 50,209 20,596
Pretax Net Operating Income (TE) 55,628 21,052
Applicable Income Taxes 21,537 7,212
Net Operating Income 32,860 12,949
Net Income 32,860 12,577
Cash Dividends Declared — 2,927
Retained Earnings 32,860 8,927