Mechanics Cooperative Bank
Taunton, MA — Cooperative Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mechanics Cooperative Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 19,602 | 22,507 |
Income from Lease Financing Receivables | — | 0 |
— | 12 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 5 |
Income on Loans and Leases (TE) | 19,602 | 22,524 |
Investment Interest Income (TE) | 1,289 | 2,367 |
Total Interest Income (TE) | 21,023 | 25,271 |
Total Interest Expense | 2,912 | 3,912 |
Net Interest Income (TE) | 18,111 | 21,140 |
Non-Interest Income | 1,939 | 4,299 |
Adjusted Operating Income (TE) | 20,050 | 27,158 |
Non-interest Expense | 12,928 | 19,697 |
Provision for Loan & Lease Losses | 359 | 554 |
Pretax Operating Income (TE) | 6,763 | 6,325 |
Pretax Net Operating Income (TE) | 6,776 | 6,941 |
Applicable Income Taxes | 2,494 | 1,880 |
Net Operating Income | 4,216 | 4,661 |
Net Income | 4,216 | 4,648 |
Cash Dividends Declared | — | 46 |
Retained Earnings | 4,216 | 4,164 |