Mid-State Bank & Trust
Arroyo Grande, CA — Domestic Branch of a Domestic Bank
Acquired May 2007
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mid-State Bank & Trust | All Insured Commercial Banks in California |
Interest and Fees on Loans | 30,888 | 9,956 |
Income from Lease Financing Receivables | 360 | 2,003 |
153 | 511 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | 76 | 255 |
Income on Loans and Leases (TE) | 31,324 | 9,497 |
Investment Interest Income (TE) | 6,155 | 2,912 |
Total Interest Income (TE) | 38,728 | 9,565 |
Total Interest Expense | 8,669 | 3,531 |
Net Interest Income (TE) | 30,059 | 6,072 |
Non-Interest Income | 5,325 | 1,686 |
Adjusted Operating Income (TE) | 35,384 | 7,528 |
Non-interest Expense | 20,490 | 4,269 |
Provision for Loan & Lease Losses | — | 1,011 |
Pretax Operating Income (TE) | 14,894 | 8,248 |
Pretax Net Operating Income (TE) | 14,894 | 8,306 |
Applicable Income Taxes | 4,368 | 3,093 |
Net Operating Income | 9,022 | 5,128 |
Net Income | 9,022 | 5,075 |
Cash Dividends Declared | 4,020 | 8,714 |
Retained Earnings | 5,002 | 3,161 |