Nantucket Bank
Nantucket, MA — Domestic Branch of a Domestic Bank
Acquired Jul 2004
Net Income Analysis
( % relative to Total Revenue )
Income Statement | Nantucket Bank | All Insured Savings Banks in Massachusetts |
Interest and Fees on Loans | 11,875 | 5,504 |
Income from Lease Financing Receivables | — | — |
— | — | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | — |
Income on Loans and Leases (TE) | 11,875 | 5,506 |
Investment Interest Income (TE) | 1,076 | 1,930 |
Total Interest Income (TE) | 13,045 | 7,565 |
Total Interest Expense | 3,464 | 2,437 |
Net Interest Income (TE) | 9,581 | 5,127 |
Non-Interest Income | 1,187 | 730 |
Adjusted Operating Income (TE) | 10,768 | 5,876 |
Non-interest Expense | 4,397 | 4,091 |
Provision for Loan & Lease Losses | — | 225 |
Pretax Operating Income (TE) | 6,371 | 1,824 |
Pretax Net Operating Income (TE) | 6,604 | 2,077 |
Applicable Income Taxes | 2,684 | 701 |
Net Operating Income | 3,870 | 1,354 |
Net Income | 3,870 | 1,354 |
Cash Dividends Declared | 5,000 | 1,803 |
Retained Earnings | — | 1,360 |