Net Income Analysis ( % relative to Total Revenue )
Income Statement Merrick Bank All Insured Commercial Banks in Utah
Interest and Fees on Loans 642,599 144,231
Income from Lease Financing Receivables — 818
— 4
Estimated Tax Benefit from Tax-Exempt Loan Income — 2
Income on Loans and Leases (TE) 642,599 146,912
Investment Interest Income (TE) 816 15,631
Total Interest Income (TE) 644,502 170,509
Total Interest Expense 18,496 9,414
Net Interest Income (TE) 626,006 157,917
Non-Interest Income 139,684 37,042
Adjusted Operating Income (TE) 765,690 194,902
Non-interest Expense 196,163 58,470
Provision for Loan & Lease Losses 342,955 8,897
Pretax Operating Income (TE) 226,572 98,475
Pretax Net Operating Income (TE) 226,572 99,300
Applicable Income Taxes 88,052 34,978
Net Operating Income 138,520 63,063
Net Income 138,520 63,059
Cash Dividends Declared 72,000 20,004
Retained Earnings 66,520 29,291