Mercantile Eastern Shore Bank
Chestertown, MD — Domestic Branch of a Domestic Bank
Acquired Sep 2007
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 |