Merrill Lynch Bank Usa
Salt Lake City, UT — Non-member Bank
Acquired Jul 2009
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Merrill Lynch Bank Usa | All Insured Commercial Banks in Utah |
Interest and Fees on Loans | 550,898 | 78,787 |
Income from Lease Financing Receivables | — | 8,092 |
— | 733 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 146 |
Income on Loans and Leases (TE) | 550,898 | 80,521 |
Investment Interest Income (TE) | 188,457 | 8,110 |
Total Interest Income (TE) | 793,576 | 61,650 |
Total Interest Expense | 84,239 | 19,369 |
Net Interest Income (TE) | 709,337 | 33,068 |
Non-Interest Income | 506,026 | 50,983 |
Adjusted Operating Income (TE) | 1,215,363 | 99,877 |
Non-interest Expense | 289,500 | 29,392 |
Provision for Loan & Lease Losses | 100,099 | 48,240 |
Pretax Operating Income (TE) | 825,764 | 57,570 |
Pretax Net Operating Income (TE) | 883,024 | 59,472 |
Applicable Income Taxes | 311,273 | 27,036 |
Net Operating Income | 571,751 | 37,614 |
Net Income | 571,751 | 37,614 |
Cash Dividends Declared | — | 6,098 |
Retained Earnings | 571,751 | 41,866 |