Merchants Bank
South Burlington, VT — Non-member Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Merchants Bank | All Insured Commercial Banks in Vermont |
Interest and Fees on Loans | 52,316 | 18,591 |
Income from Lease Financing Receivables | — | 0 |
2,409 | 568 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 1,297 | 302 |
Income on Loans and Leases (TE) | 53,613 | 18,893 |
Investment Interest Income (TE) | 7,345 | 2,643 |
Total Interest Income (TE) | 61,420 | 21,740 |
Total Interest Expense | 3,711 | 1,459 |
Net Interest Income (TE) | 57,709 | 20,281 |
Non-Interest Income | 12,869 | 6,349 |
Adjusted Operating Income (TE) | 70,578 | 26,630 |
Non-interest Expense | 44,751 | 18,268 |
Provision for Loan & Lease Losses | 1,000 | 264 |
Pretax Operating Income (TE) | 24,827 | 8,098 |
Pretax Net Operating Income (TE) | 24,846 | 8,202 |
Applicable Income Taxes | 6,251 | 1,836 |
Net Operating Income | 17,298 | 5,772 |
Net Income | 17,298 | 5,772 |
Cash Dividends Declared | 7,694 | 2,758 |
Retained Earnings | 9,604 | 3,013 |