Meridian Bank, National Association
Phoenix, AZ — Domestic Branch of a Domestic Bank
Acquired Jun 2015
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Meridian Bank, National Association | All Insured Commercial Banks in Arizona |
Interest and Fees on Loans | 10,567 | 4,059 |
Income from Lease Financing Receivables | — | 12 |
— | 18 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 9 |
Income on Loans and Leases (TE) | 10,567 | 4,079 |
Investment Interest Income (TE) | 645 | 430 |
Total Interest Income (TE) | 11,330 | 4,583 |
Total Interest Expense | 1,258 | 245 |
Net Interest Income (TE) | 10,072 | 4,339 |
Non-Interest Income | 1,476 | 1,350 |
Adjusted Operating Income (TE) | 11,548 | 5,803 |
Non-interest Expense | 9,321 | 4,521 |
Provision for Loan & Lease Losses | -1,166 | 60 |
Pretax Operating Income (TE) | 3,393 | 1,269 |
Pretax Net Operating Income (TE) | 2,658 | 1,264 |
Applicable Income Taxes | — | 341 |
Net Operating Income | 2,658 | 877 |
Net Income | 2,658 | 877 |
Cash Dividends Declared | — | 90 |
Retained Earnings | 2,658 | 787 |