Mill Creek Bank
Salt Lake City, UT — Non-member Bank
Acquired Jun 2003
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Mill Creek Bank | All Insured Commercial Banks in Utah |
Interest and Fees on Loans | 72,472 | 9,900 |
Income from Lease Financing Receivables | — | 1,889 |
— | 314 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 167 |
Income on Loans and Leases (TE) | 72,472 | 10,200 |
Investment Interest Income (TE) | 566 | 8,278 |
Total Interest Income (TE) | 73,717 | 9,621 |
Total Interest Expense | 21,065 | 2,178 |
Net Interest Income (TE) | 52,652 | 7,401 |
Non-Interest Income | 27,785 | 6,955 |
Adjusted Operating Income (TE) | 80,437 | 14,396 |
Non-interest Expense | 28,835 | 6,392 |
Provision for Loan & Lease Losses | 34,738 | 2,749 |
Pretax Operating Income (TE) | 16,864 | 14,825 |
Pretax Net Operating Income (TE) | 16,864 | 15,396 |
Applicable Income Taxes | 6,702 | 6,494 |
Net Operating Income | 10,162 | 9,742 |
Net Income | 10,162 | 9,742 |
Cash Dividends Declared | — | 11,415 |
Retained Earnings | 10,162 | 7,217 |