Mt. Washington Co-Operative Bank
South Boston, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2010
Net Income Analysis
( % relative to Total Revenue )
| Income Statement | Mt. Washington Co-Operative Bank | All Insured Savings Banks in Massachusetts |
| Interest and Fees on Loans | 21,601 | 17,722 |
| Income from Lease Financing Receivables | — | — |
| — | 1,396 | |
| Estimated Tax Benefit from Tax-Exempt Loan Income | — | 915 |
| Income on Loans and Leases (TE) | 21,601 | 17,749 |
| Investment Interest Income (TE) | 3,814 | 3,867 |
| Total Interest Income (TE) | 25,440 | 21,870 |
| Total Interest Expense | 9,878 | 8,416 |
| Net Interest Income (TE) | 15,562 | 13,464 |
| Non-Interest Income | 3,184 | 2,630 |
| Adjusted Operating Income (TE) | 18,746 | 16,053 |
| Non-interest Expense | 19,569 | 12,414 |
| Provision for Loan & Lease Losses | 2,254 | 2,129 |
| Pretax Operating Income (TE) | — | 3,987 |
| Pretax Net Operating Income (TE) | — | 4,004 |
| Applicable Income Taxes | — | 1,317 |
| Net Operating Income | — | 2,573 |
| Net Income | — | 2,567 |
| Cash Dividends Declared | — | 3,771 |
| Retained Earnings | — | 2,354 |