Net Income Analysis ( % relative to Total Revenue )
Income Statement Melrose Co-Operative Bank All Insured Savings Banks in Massachusetts
Interest and Fees on Loans 6,554 22,507
Income from Lease Financing Receivables — 0
— 12
Estimated Tax Benefit from Tax-Exempt Loan Income — 5
Income on Loans and Leases (TE) 6,554 22,524
Investment Interest Income (TE) 750 2,367
Total Interest Income (TE) 7,336 25,271
Total Interest Expense 1,704 3,912
Net Interest Income (TE) 5,632 21,140
Non-Interest Income 226 4,299
Adjusted Operating Income (TE) 5,858 27,158
Non-interest Expense 4,281 19,697
Provision for Loan & Lease Losses 311 554
Pretax Operating Income (TE) 1,266 6,325
Pretax Net Operating Income (TE) 2,269 6,941
Applicable Income Taxes 798 1,880
Net Operating Income 1,471 4,661
Net Income 1,471 4,648
Cash Dividends Declared — 46
Retained Earnings 1,471 4,164