Medford Co-Operative Bank
Medford, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2005
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Medford Co-Operative Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 18,083 | 10,850 |
Income from Lease Financing Receivables | — | — |
— | — | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | — |
Income on Loans and Leases (TE) | 18,083 | 10,852 |
Investment Interest Income (TE) | 3,453 | 3,641 |
Total Interest Income (TE) | 21,688 | 14,843 |
Total Interest Expense | 7,170 | 4,801 |
Net Interest Income (TE) | 14,518 | 10,036 |
Non-Interest Income | 1,120 | 1,398 |
Adjusted Operating Income (TE) | 15,638 | 11,466 |
Non-interest Expense | 11,647 | 8,074 |
Provision for Loan & Lease Losses | 425 | 319 |
Pretax Operating Income (TE) | 3,566 | 3,310 |
Pretax Net Operating Income (TE) | 3,907 | 3,693 |
Applicable Income Taxes | 1,307 | 1,321 |
Net Operating Income | 2,500 | 2,434 |
Net Income | 2,500 | 2,434 |
Cash Dividends Declared | 1,008 | 1,546 |
Retained Earnings | 1,492 | 2,257 |