Mile High Banks
Longmont, CO — Domestic Branch of a Domestic Bank
Acquired Nov 2013
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mile High Banks | All Insured Commercial Banks in Colorado |
Interest and Fees on Loans | 26,235 | 5,965 |
Income from Lease Financing Receivables | — | 10 |
— | 23 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 10 |
Income on Loans and Leases (TE) | 26,235 | 5,995 |
Investment Interest Income (TE) | 5 | 1,213 |
Total Interest Income (TE) | 26,504 | 7,350 |
Total Interest Expense | 3,501 | 655 |
Net Interest Income (TE) | 23,003 | 6,681 |
Non-Interest Income | 303 | 2,014 |
Adjusted Operating Income (TE) | 23,306 | 9,007 |
Non-interest Expense | 16,238 | 6,889 |
Provision for Loan & Lease Losses | 1,822 | 154 |
Pretax Operating Income (TE) | 5,246 | 2,006 |
Pretax Net Operating Income (TE) | 5,247 | 2,028 |
Applicable Income Taxes | — | 208 |
Net Operating Income | 5,246 | 1,640 |
Net Income | 5,246 | 1,640 |
Cash Dividends Declared | — | 684 |
Retained Earnings | 5,246 | 807 |