Mellon Trust Of New England, National Association
Boston, MA — Domestic Branch of a Domestic Bank
Acquired Jul 2008
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mellon Trust Of New England, National Association | All Insured Commercial Banks in Massachusetts |
Interest and Fees on Loans | 52,719 | 21,951 |
Income from Lease Financing Receivables | 237 | 12,094 |
— | 466 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 196 |
Income on Loans and Leases (TE) | 52,956 | 23,128 |
Investment Interest Income (TE) | 51,026 | 55,040 |
Total Interest Income (TE) | 149,961 | 24,311 |
Total Interest Expense | 67,176 | 39,890 |
Net Interest Income (TE) | 82,785 | 14,617 |
Non-Interest Income | 348,612 | 132,879 |
Adjusted Operating Income (TE) | 431,397 | 32,237 |
Non-interest Expense | 351,982 | 24,342 |
Provision for Loan & Lease Losses | 6,174 | 1,228 |
Pretax Operating Income (TE) | 73,241 | 61,016 |
Pretax Net Operating Income (TE) | 73,241 | 60,889 |
Applicable Income Taxes | 27,757 | 19,702 |
Net Operating Income | 45,484 | 39,042 |
Net Income | 45,484 | 39,042 |
Cash Dividends Declared | 70,000 | 7,946 |
Retained Earnings | — | 40,542 |