Net Income Analysis ( % relative to Total Revenue )
Income Statement Mercantile Eastern Shore Bank All Insured Commercial Banks in Maryland
Interest and Fees on Loans 17,617 14,208
Income from Lease Financing Receivables — 1,096
209 175
Estimated Tax Benefit from Tax-Exempt Loan Income 39 78
Income on Loans and Leases (TE) 17,656 14,309
Investment Interest Income (TE) 2,045 2,751
Total Interest Income (TE) 19,876 15,249
Total Interest Expense 6,594 6,121
Net Interest Income (TE) 13,282 9,079
Non-Interest Income 2,886 2,319
Adjusted Operating Income (TE) 16,168 11,469
Non-interest Expense 7,257 7,382
Provision for Loan & Lease Losses — 495
Pretax Operating Income (TE) 10,031 8,190
Pretax Net Operating Income (TE) 10,054 8,052
Applicable Income Taxes 3,788 2,892
Net Operating Income 6,226 5,081
Net Income 6,226 5,081
Cash Dividends Declared 2,491 5,013
Retained Earnings 3,735 2,847